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Question No 9 Chapter No 10 – T.S. Grewal 11 Class

Question No. 9 - Chapter No.10 - T.S. Grewal +1 Book 2019-min
Question No. 9 - Chapter No.10 - T.S. Grewal +1 Book 2019-min

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Question No 9 Chapter No 10

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Prepare Two-Column Cash Book from the following transactions of Mani, Kochi :

2018 
Mar.1Cash in hand Rs15,000; cash at Bank Rs 5,000 
Mar.3Purchased goods for Cash Rs 6,720 including CGST and SGST @ 6%p.a, received a discount of Rs 220
Mar.5Deposited into bank Rs 5,000
Mar.7Cash sale Rs 10,000 Plus CGST and SGST @6% each 
Mar.10Cash is withdrawn from bank for office use Rs 2,000 
Mar.15Received three months post-dated cheque of Rs 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges Rs 750 
Mar.18Received cheque from Deepak for Rs 5,000 (not banked), allowed discount Rs 200 
Mar.20Cheque received from Deepak deposited in Bank
Mar.22Paid to Chandra by Cheque Rs 2,500; received discount Rs100
Mar.25 Withdrew from bank personal use Rs 1,000
Mar.28Sold goods on credit to Ashok Mitra, Kolkata Rs 10,000, charged IGST@12%
Mar.30Purchased goods on credit from Chander, Delhi Rs 20,000, paid IGST@12%
Mar.31Received cheque from Ashok Mitra Rs 5,000 and deposited in the bank, allowed cash discount Rs 200

The solution of Question No 9 Chapter No 10: – 

In the Books of Mani, Kochi

Dr.Cash Book Cr.
DateParticulars
L.F.Cash Bank DateParticulars
L.F.CashBank
Mar. 2018    Mar. 2018    
1To Bal. B/d  15,0005,0003To purchase A/c*  5,780 
5To Cash A/cC 5,0003By Input CGST A/c 360 
7To Sale A/c* 10,000 3By Input SGST A/c 360 
7To Output CGST A/c 600 5By Bank A/cC5,000 
7To Output SGST A/c 600 10By Cash A/cC 2,000
10To Bank A/cC2,000 22By Chandra A/c  2,500
15To Raj A/c  19,25025By Drawing A/c  1,000
20To cheque in hand A/c  5,000     
31To Ashok Mitra A/c  5,00031By Balance C/d 16,70033,750
          
   28,20039,250   28,20039,250

All transactions which are highlighted with (*) are explained as following as follows: –

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*Mar.3 Purchased goods for Cash Rs 6,720 including CGST and SGST @ 6%p.a, received a discount of Rs 220

In this transaction, we will calculate the amount of CGST and SGST @ 6% each with help of following formula because the total amount is given. It means it includes the amount of CGST & SGST.

Total Amount X  Rate(CGST or SGST)
100 + Rate of CGST + Rate of SGST

 

6,720 X 6
100 + 6 + 6

 

40,320
112

Amount of GST  =Rs. 360/-  each

and subtract the amount of discount received of Rs. 220/-. So, total payable will be

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  = Total Invoice amount – CGST – SGCST – Cash Discount

  = 6720-360-360-220

  = 5,780/

*Mar.30 Cash sale Rs 10,000 Plus CGST and SGST @6% each

The calculation of Amount of CGST and SGST @ 6% each
10,000 * 6% = 600/- each.

To understand more about cash book please check out following links: –

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Cash Book | Types of Cash Book | Subsidiary Books

Single Column Cash Book | Explained with Example

Double Column Cash Book | Explained with Example

Triple Column Cash Book | Explained with Example

Petty Cash Book | Example | Subsidiary Books

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Comment if you have any question.

Also, Check out previous Chapters: –

 

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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