TS Grewal Accountancy Class 11 Solutions Chapter 7

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Question 1

Without Goods and Services (GST) balance and record the below-mentioned transactions of Ms. Rupa, in a single column cash book.

2018
Jan 1 Rupa started a company with capital 2,00,000
Jan 2 Furniture purchased for cash 50,000
Jan 3 Goods purchased for cash 30,000
Jan 5 Paid Freight 500
Jan 7 Goods sold for cash 28,000
Jan 10 Paid to Ram 20,000
Jan 15 Good sold for cash 10,000
Jan 20 Paid wages 10,000
Jan 25 Goods purchased from Raju on credit 20,000
Jan 31 Rent paid by cheques 5,000

Answer 1

Dr. Cash Book Cr.
Date Particulars L.F Cash
Rs.
Date Particulars L.F Cash
Rs.
Jan 1 Capital A/c 2,00,000 Jan 2 Furniture A/c 50,000
Jan 7 Sales A/c 28,000 Jan 3 Purchase A/c 30,000
Jan 15 Sales A/c 10,000 Jan 5 Freight A/c 500
Jan 10 Ram A/c 20,000
Jan 20 Wages A/c 10,000
Jan 31 Balance A/c 1,27,500
2,38,000 2,38,000

Question 2

Arrange the simple cash book of a transaction for Mr. Suman, Karnataka.

2018 2018
Apr 1 Suma started a company with cash 80,000 April 17 Paid for Stationary 200
Apr 3 Goods bought 50,000 April 18 Paid for furniture in office 3,000
Apr 5 Goods sold for cash 40,000 April 21 Received from Kailash 6,800
Apr 6 Cash received from Mohan 3,600 April 22 Advertising payment 1,000
Apr 9 Paid to the Bank 30,000 April 25 Paid for a postage stamp 80
Apr 13 Paid to Hari 2,150 April 28 Rent paid 1,120
April 30 Electricity charges paid 150

Solutions 2

Dr. Cash Book Cr.
Date
2018
Particulars L.F Cash
Rs.
Date
2018
Particulars L.F Cash
Rs.
Apr 1 Capital A/c 80,000 April 3 Purchase A/c 50,000
Apr 5 Sales A/c 40,000 April 9 Bank A/c 30,000
Apr 6 Mr. Mohan 3,600 April 13 Hari A/c 2,150
Apr 21 Mr. Kailash 6,800 April 17 Stationery A/c 200
April 18 Office Furniture A/c 3,000
April 22 Advertising A/c 1,008
April 25 Postage Stamp A/c 80
April 28 Rent A/c 1,120
April 30 Electricity charge A/c 150
1,30,400 April 30 Balance c/d 1,30,400

Question 3

Without (GST). Balance the book on 31st March 2018 and prepare a double column cash book for the following transaction.

2018 Cash in hand
Mar 1 Cash in Bank 12,750
Mar 4 Received cash from Asha₹1,200, a cheque for 3,200, discount ₹400 72,400
Mar 7 Salary paid to staff by cheque 25,600
Mar 9 Cash for office use 21,900
Mar 12 Paid Interest by the bank for office 1,200
Mar 16 Furniture purchased in cash 16,500
Mar 21 Paid Mohua by cheque, received discount ₹100 10,900
Mar 24 Owner withdrew cash from office for personal use 11,600
Mar 29 Goods sold to Mona for cash 14,800
March 31 Office cash deposited into bank 21,200

Solutions 3

Dr. Cash Book Cr.
Date 2018 Particulars L.F Cash Rs. Bank Rs. Date 2018 Particulars L.F Cash Rs. Bank Rs.
Mar 1 Balance b/d 12,750 72,400 March 7 Salary A/c 25,600
Mar 4 Asha A/c 1,200 3,200 March 9 Cash A/c C 21,900
Mar 9 Bank A/c C 21,900 March 16 Furniture A/c 16,500
Mar 12 Bank Interest 1,200 March 21 Mohua A/c 10,900
Mar 29 Sales A/c 14,800 March 24 Drawing A/c 11,600
Mar 31 Cash A/c C 21,200 March 31 Bank A/c C 21,200
Balance c/d 1,350 39,600
50,650 98,000 50,650 98,000

Question 4

Record the transaction in the double column book of Radha store.

2018
June 1
June 7
June 9
June 15
June 20
June 28
June 30
Cash in hand ₹800, bank overdraft ₹5,700
Received cheque from Bharat, discount allowed ₹150
Above cheque deposited in the Bank
Received cheque from Pramita
Bharat’s cheque returned dishonored
Pramita’s cheque was endorsed to Komal
Paid income tax by cheques

3,250
1,200
150

Solutions 4

Dr. Cash Book Cr.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
Jun 1 To Balance b/d 800 June 1 By Balance b/d
(Overdraft)
5,700
Jun 9 To Cheque-in-Hand A/c 3,250 June 20 By Bharat A/c 3,250
Jun 15 To Pramita A/c 1,200 June 28 By Komal A/c 1,200
Jun 30 To Balance c/d (Overdraft) 5,850 June 30 By Income Tax A/c 150
June 30 By balance c/d 800
2,000 9,100 2,000 9,100

Working Note:

1. Journal entry for cheque received from Bharat

June 07 Cheque-in-Hand A/c Dr.
To Bharat A/c
(Being cheque received from Bharat but not yet deposited)
3,250 3,250

2. Journal entry for cheque received from Pramita

Jun 15 Cheque-in-Hand A/c Dr.
To Pramita A/c
(Being cheque received from Pramita)
1,200 1,200

3. Journal entry for cheque endorsed to Komal

Jun 7 Komal A/c Dr.
To Cheque-in-Hand A/c
(Being cheque received from Pramita endorsed in favor of Komal)
1,200 1,200

Question 5

The below transaction took place during the weekend 28th May 2018. Record them in Petty Cash Book which was maintained with a weekly ‘float’ of ₹3,000?

2018
May 23
May 24
May 24
May 26
May 27
May 28
Postage
Casual Labour
Tax hire
Writing pads and registers
Cartage
Bus fare

400
500
600
800
200
300

Solution 5

Petty Cash Book
Amount Received Rs. Cash Book Folio Date 2018 Particulars V. No. Amount Paid Rs.
3,000 May 23 To Cash A/c
May 23 By Postage A/c 400
May 24 By Wages A/c 500
May 24 By Travelling Expenses A/c 600
May 26 By Stationery A/c 800
May 27 By Cartage A/c 200
May 28 By Travelling Expenses A/c 300
May 28 By Balance c/d 200
3,000 3,000
200 May 29 To Balance b/d
2,800 May 29 To Cash A/c

Question 6

Record the transaction in the Two-column cash book of Bipin, for the following transaction.

2018 Particulars 2018 Particulars
June 1 Balance Cash 5,000 June 21 Bank withdrawal 5,000
June 01 Balance in Bank 17,500 June 29 Office salaries paid in bank 4,000
Jun 5 Received cash from shares sale 5,000 June 30
Goods sold in cash for ₹8000, SGST & CGST @6% each and banked the same
Jun 6 Received cheque as advance against the share sale, credited into bank 50,000 June 30 Rent paid by cheque including SGST & CGST @ 6% each 1,120
Jun 7 Paid Mr. Das by cheque
Discount received
12,500
200
June 30 Credited into bank 7,500
Jun 9 Wages paid in cash 3,000
Jun 20 Cheque received from Mukherjee and sent to Bank 6,000

Solution 6

Dr. Cash Book Cr.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
June 01 To Balance b/d 5,000 17,500 June 7 By Das A/c 12,500
Jun 5 To Investment A/c 5,000 June 9 By Wages A/c 3,000
Jun 6 To Cash A/c C 50,000 June 21 By Cash A/c C 5,000
Jun 20 To Mukherjee A/c 6,000 June 29 By Office Salaries A/c 4,000
Jun 21 To Bank A/c C 5,000 June 30 By Rent A/c 1,000
Jun 30 To Sales A/c 8,000 June 30 By Input CGST A/c 60
Jun 30 To Outpur CGST A/c 480 June 30 By Input SGST A/c 60
June 30 To Output SGST A/c 480 June 30 By Bank A/c C 7,500
June 30 To Cash A/c C 7,500 June 30 By bAlance A/c 500 71,340
15,000 89,960 15,000 89960

Working Note:

1. Journal entry for discount received

June 07 Das A/c Dr.
To Discount received A/c
(Being discount received)
200 200

Question 7

Prepare two column cash book for the transaction of Mr. Mohan.

2018
March 1
March 3
March 5
March 7
March 10
March 15
March 18
March 20
March 22
March 25
March 28
March 30
March 31
Cash in hand ₹ 15,000 , cash at bank ₹5,000
Cash after goods purchased ₹ 6,720 inclusing CGST and SGST @ 6% p.a, received discount ₹200
Bank deposited ₹ 5,000
Cash sale ₹10,000 plus CGST and SGST @ 6% each
Cash withdrawn from bank for office use ₹200
Three months post dated cheque received of 20,000 from Rohan and on the same day deposited, discounted from bank paying ₹750
Received cheque from Deepa ₹5,ooo(not banked), discount ₹200
Received cheque from Deepa deposited in the bank
Paid to Chandu by cheque ₹2500, discountreceived ₹500
Bank withdrew for personal use ₹1,000
Sold gold to Ashu ₹1,000 on credit, charged 12% @ IGST
Purchsed goods from Chinu ₹20,000 on credit , paid 12% @ IGST
Cheque received from Ashu ₹5,000

Solution 7

Dr. Cash Book Cr.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
Date
2018
Particulars L.F Cash
Rs.
Bank
Rs.
March 01 Balance b/d 15,000 5,000
5,000
March 3 Purchase A/c 5,780
Mar 5 Cash A/c March 3 Input CGST A/c 360
Mar 7 Sales A/c C 10,000 March 3 Input SGST A/c 360
Mar 7 Output CGST A/c 600 March 5 Bank A/c C 5,000
Mar 7 Output SGST A/c C 600 March 10 Cash A/c C 2,000
Mar 10 Bank A/c 2,000 March 22 Chandu A/c 2,500
Mar 15 Bill ReceivableA/c 19,250 March 25 Chinu A/c 1,000
March 20 Cheque in Hand A/c 5,000 March 31 Balance c/d 16,700 33,750
March 30 Ashu A/c 5,000
28,200 39,250 28,200 39,250

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