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Page No 10.40:

Question 1:

Without Goods and Services Tax (GST)
Enter the following transactions of Mr. Ripinder, Delhi in a Single Column Cash Book and balance it:

 

 

 

 

2018

 

₹

Jan 1 Ripinder started business with capital 2,00,000
Jan 2 Purchased furniture for cash 50,000
Jan 3 Purchased goods for cash 30,000
Jan 5 Paid freight 500
Jan 7 Sold goods for cash 28,000
Jan 10 Paid to Ramesh 20,000
Jan 15 Sold goods for cash 10,000
Jan 20 Paid wages 10,000
Jan 25 Purchased goods from Raj on credit 20,000
Jan 31

Paid rent by Cheque

5,000

Answer:

Cash Book
Dr.  
Cr.
Date
Particulars
L.F.
Cash
(₹)
Date
Particulars
L.F.
Cash
(₹)
2018
 
 
 
2018
 
 
 
Jan 01
Capital A/c
 
2,00,000
Jan 02
Furniture A/c
 
50,000
Jan 07
Sales A/c
 
28,000
Jan 03
Purchases A/c
 
30,000
Jan 15
Sales A/c
 
10,000
Jan 05
Freight A/c
 
500
 
 
 
 
Jan 10
Ramesh A/c
 
20,000
 
 
 
 
Jan 20
Wages A/c
 
10,000
 
 
 
 
Jan 31
Balance c/d
 
1,27,500
 
 
 
2,38,000
 
 
 
2,38,000
   
 
 
 
 
 
 

Page No 10.40:

Question 2:

Prepare Simple Cash Book from the following transactions of Mr. Suresh, Delhi:

 
2018   ₹ 2018   ₹
April 1 Mr. Suresh commenced business
with cash

80,000
April 17 Paid for stationery 200
April 3 He bought goods 50,000 April 18 Paid for office furniture 3,000
April 5 Sold goods for Cash 40,000 April 21 Received from Mr. Kailash Chand 6,800
April 6 Received cash from Mr. Manohar 3,600 April 22 Paid for advertising 1,008
April 9 Paid into Bank 30,000 April 25 Purchased postage stamps 80
April 13 Paid cash Harikrishan 2,150 April 28 Paid Rent 1,120
      April 30 Paid electricity charges 150

Answer:

Books of Mr. Ram Gopal of Delhi
Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
(Rs)
Date
Particulars
L.F.
Amount
(Rs)
2018
 
 
 
2018
 
 
 
April 01
Capital
 
80,000
April 03
Purchases
 
50,000
April 05
Sales
 
40,000
April 09
Bank
 
30,000
April 06
Mr. Manohar Lal
 
3,600
April 13
Hari Krishan
 
2,150
April 21 Mr. Kailash Chand   6,800
April 17
Stationery
 
200
 
 
 
 
April 18
Office Furniture
 
3,000
 
 
 
 
April 22
Advertising
 
1,008
 
 
 
 
April 25
Postage Stamps
 
80
 
 
 
 
April 28
Rent
 
1,120
 
 
 
 
April 30
Electricity Charges
 
150
 
 
 
 
April 30
Balance c/d
 
42,692
 
 
 
1,30,400
 
 
 
1,30,400
 
 
 
 
 
 
 
 

Page No 10.40:

Question 3:

With Goods and Services Tax (GST)
Prepare Simple Cash book of Sri Gopal of Amritsar from the following transactions:​
 

2018   ₹
April 1 Sri Gopal commenced business introducing cash â‚¹ 60,000 and â‚¹ 1,50,000 by taking a loan from the Allahabad Bank.  
April 4 Purchased following assets  for business: Computer â‚¹ 16,000; Furniture â‚¹ 18,500 and Machinery â‚¹ 32,000 plus CGST and SGST @ 6% each, paid by cheque  
April 6 Purchased goods of â‚¹ 40,000 plus CGST and SGST @ 6% each from Bhushan, Amritsar, half of the value paid in cash.  
April 8 Paid wages for installation of Machinery 4,000
April 12 Computer repair charges â‚¹ 1,900 paid along with CGST and SGST @ 6% each  
April 15 Paid wages 15,000
  Purchased Postage Stamps 150
  Paid for stationery of ₹ 2,700 along with CGST and SGST @ 6% each  
April 19 Sold for cash half the goods purchased from Bhushan to Anil Krishna at a profit of25% and allowed him Trade Discount of 5%. Charged CGST and SGST @ 6% each  
April 24 Payment to carpenter for repairs to private property 350
April 26 Paid for medical expenses of Smt. Gopal 1,800
April 30

Paid for shop rent â‚¹ 2,000 along with CGST and SGST @ 6% each.

 

Answer:

Cash Book
Dr.  
Cr.
Date
Particulars
L.F.
Cash
(₹)
Date
Particulars
L.F.
Cash
(₹)
2018
 
 
 
2018
 
 
 
Apr 01
Capital A/c
 
60,000
Apr 06
Purchases A/c
 
20,000
Apr 19
Sales A/c
 
23,750
Apr 06
Input CGST A/c
 
1,200
Apr 19
Output CGST A/c
 
1,425
Apr 06
Input SGST A/c
 
1,200
Apr 19
Output SGST A/c
 
1,425
Apr 08
Machinery A/c
 
4,000
 
 
 
 
Apr 12
Repairs A/c
 
1,900
 
 
 
 
Apr 12
Input CGST A/c
 
114
 
 
 
 
Apr 12
Input SGST A/c
 
114
 
 
 
 
Apr 15
Wages A/c
 
15,000
 
 
 
 
Apr 15
Postage A/c
 
150
 
 
 
 
Apr 15
Stationery A/c
 
2,700
 
 
 
 
Apr 15
Input CGST A/c
 
162
 
 
 
 
Apr 15
Input SGST A/c
 
162
 
 
 
 
Apr 24
Drawings A/c
 
350
 
 
 
 
Apr 26
Drawings A/c
 
1,800
 
 
 
 
Apr 30
Rent A/c
 
2,000
 
 
 
 
Apr 30
Input CGST A/c
 
120
 
 
 
 
Apr 30
Input SGST A/c
 
120
 
 
 
 
Apr 30
Balance c/d
 
35,508
 
 
 
86,600
 
 
 
86,600
   
 
 
 
 
 
 



Page No 10.41:

Question 4:

Prepare Simple Cash Book from the following transactions of Simran, Delhi:

 
2018   ₹ 2018   ₹
March 1 Ms. Simran commenced
business with cash
65,000 March 17 Paid for miscellaneous expenses
450
March 3 Bought goods for cash, CGST and SGST paid @ 6% cash
6,850
March 19 Received cash from Mr.Trilok Chand
4,850
March 4 Paid cash to Mr. Mohan 950 March 22 Purchased goods, CGST and
SGST paid @ 6% each

2,500
March 6 Deposited in Bank 40,000 March 22 Paid salary 4,000
March 6 Paid for office furniture in cash,
CGST and SGST paid @ 6% each
4,650 March 25 Paid rent, CGST and SGST
paid @ 6% each 

900
March 9 Sold goods for cash charged
CGST and SGST @ 6% each

30,000

March 28

Paid electricity bill

350
March 12 Paid wages in cash 1,200 March 29 Paid for advertising, CGST
and SGST paid @ 6% each

400
March 13 Paid for Stationery, CGST and
SGST paid @ 6% each
400
March 31

Paid into bank
25,000
March 15 Sold goods for cash,  charged
CGST and SGST @ 6% each

25,000
     
           

Answer:

Books of Ganesh Lal
Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
(₹)
Date
Particulars
L.F.
Amount
(₹)
2018
 
 
 
2018
 
 
 
Mar.01
Capital
 
65,000
Mar.03
Purchases
 
6,850
Mar.09 Sales   30,000 Mar.03 Input CGST   411
Mar.09 Output CGST   1,800 Mar.03 Input SGST   411
Mar.09
Output CGST
 
1,800
Mar.04
Mr. Mohan
 
950
Mar.15
Sales
 
25,000
Mar.06
Bank
 
40,000
Mar.15
Output CGST
 
1,500
Mar.06
Office Furniture
 
4,650
Mar.15 Output CGST   1,500 Mar.06 Input CGST   279
Mar.19 Mr. Trilok Chand   4,850 Mar.06 Input SGST   279
   
 
 
Mar.12
Wages
 
1,200
   
 
 
Mar.13
Stationery
 
400
        Mar.13 Input CGST   24
        Mar.13 Input SGST   24
   
 
 
Mar.17
Miscellaneous Expenses
 
450
   
 
 
Mar.22
Purchases
 
2,500
        Mar.22 Input CGST   150
        Mar.22 Input SGST   150
   
 
 
Mar.22
Salary
 
4,000
   
 
 
Mar.25
Rent
 
900
        Mar.25 Input CGST   54
        Mar.25 Input SGST   54
   
 
 
Mar.28
Electricity Bill
 
350
   
 
 
Mar.29
Advertising
 
400
        Mar.29 Input CGST   24
        Mar.29 Input SGST   24
   
 
 
Mar.31
Bank
 
25,000
   
 
 
Mar.31
Balance c/d
 
41,916
   
 
1,31,450
 
 
 
1,31,450
   
 
 
 
 
 
 

Page No 10.41:

Question 5:

From the following prepare Single Column Cash Book of Suresh, Chennai and post them into ledger accounts:

 

 

 

 

2018   ₹
April 1 Cash in Hand 6,400
April 3 Received Cash from Anupama 1,00,000
April 4  Paid into Bank 80,000
April 5  Received from Bhumika as commission â‚¹ 6,000 plus CGST and SGST @ 6% each  
April 6 Paid Wages 30,000
April 7 Withdrawn from Bank for expenses 30,000
April 8 Purchased goods from Ashok on credit of â‚¹ 10,000 plus CGST ans SGST @ 6% each  
April 9 Cash sales of â‚¹ 10,000 charged CGST and SGST @ 6% each  
April 11 Drew Cash for domestic purposes 10,000
April 12 Purchased furniture for â‚¹ 4,000 plus CGST and SGST @ 6% each  
April 13 Paid to Ruma 1,200
April 14 Paid to Ganguly Brothers for office fan â‚¹ 1,500 plus CGST and SGST @ 6% each  
April 15 Paid own life insurance premium from office cash 800
April 16 Purchased stationery â‚¹ 1,000 plus CGST and SGST @ 6% each  
April 17 Paid office expenses 500
April 18  Remitted to Raman 900
April 19 Paid electricity charges 100
April 20 Received interest from Gupta &Co. 500
April 30

Deposited all cash into bank in excess of

2,000

         

Answer:

Cash Book
Dr.  
Cr.
Date
Particulars
L.F.
Cash
(₹)
Date
Particulars
L.F.
Cash
(₹)
2018
 
 
 
2018
 
 
 
Apr 01
Balance b/d
 
6,400
Apr 04
Bank A/c
 
80,000
Apr 03
Anupama A/c
 
1,00,000
Apr 06
Wages A/c
 
30,000
Apr 05
Commission A/c
 
6,000
Apr 11
Drawings A/c
 
10,000
Apr 05
Output CGST A/c
 
360
Apr 12
Furniture A/c
 
4,000
Apr 05
Output SGST A/c
 
360
Apr 12
Input CGST A/c
 
240
Apr 07
Bank A/c
 
30,000
Apr 12
Input SGST A/c
 
240
Apr 09
Sales A/c
 
10,000
Apr 13
Rama A/c
 
1,200
Apr 09
Output CGST A/c
 
600
Apr 14
Office Fan A/c
 
1,500
Apr 09
Output SGST A/c
 
600
Apr 14
Input CGST A/c
 
90
Apr 20
Interest A/c
 
500
Apr 14
Input SGST A/c
 
90
 
 
 
 
Apr 15
Drawings A/c
 
800
 
 
 
 
Apr 16
Stationery A/c
 
1,000
 
 
 
 
Apr 16
Input CGST A/c
 
60
 
 
 
 
Apr 16
Input SGST A/c
 
60
 
 
 
 
Apr 17
Office Expenses A/c
 
500
 
 
 
 
Apr 18
Raman A/c
 
900
 
 
 
 
Apr 19
Electricity  Charges A/c
 
100
 
 
 
 
Apr 30
Bank A/c
 
22,040
 
 
 
 
Apr 30
Balance c/d
 
2,000
 
 
 
1,54,820
 
 
 
1,54,820
   
 
 
 
 
 
 

Page No 10.41:

Question 6:

Without Goods and Services Tax (GST)
​Record the following transactions in Double Columns Cash Book and balance the book on 31st March, 2018:
 

2018   ₹
March 1 Cash in Hand 12,750
  Cash at Bank 72,400
March 4 Received from Asha cash â‚¹ 1,200 and a cheque for â‚¹ 3,200, allowed discount â‚¹ 400  
March 7 Paid salary to staff by cheque 25,600
March 9  Withdrawn cash from bank for office use 21,900
March 12 Interest paid by bank for office use 1,200
March 16 Purchased furniture in cash 16,500
March 21 Paid Mohan & Co. by cheque, discount received â‚¹100 10,900
March 24 Proprietor withdrew from office cash for his personal use 11,600
March 29 Sold goods to Manoj for cash 14,800
March 31 Deposited office cash into bank
21,200

Answer:

Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Mar 01
Balance b/d
 
12,750
72,400
Mar 07
Salary A/c
 
 
25,600
Mar 04
Asha A/c
 
1,200
3,200
Mar 09
Cash A/c
C
 
21,900
Mar 09
Bank A/c
C
21,900
 
Mar 16
Furniture A/c
 
16,500
 
Mar 12
Bank Interest
 
 
1,200
Mar 21
Mohan & Co.
 
 
10,900
Mar 29
Sales A/c
 
14,800
 
Mar 24
Drawings A/c
 
11,600
 
Mar 31
Cash A/c
C
 
21,200
Mar 31
Bank A/c
C
21,200
 
 
 
 
 
 
 
Balance c/d
 
1,350
39,600
 
 
 
50,650
98,000
 
 
 
50,650
98,000
   
 
 
 
 
 
 
 
 



Page No 10.42:

Question 7:

Enter the following transactions in the Double Column Cash Book of M/s. Gupta Store:

2018   ₹
June 1 Cash  in Hand ₹ 800, Bank overdraft ₹ 5,700  
June 7 Received a cheque from Bharati, discount allowed ₹ 150 3,250
 June 9 Deposited the above cheque into Bank  
 June 15 Cheque received from Panna Lal 1,200
 June 20 Bharati's cheque returned dishonoured  
 June 28 Panna Lal's cheque was endorsed to Kamal  
June 30 Income tax paid by cheque 150

Answer:

 
Cash Book
 
Dr.
 
 
 
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Jun. 01
Balance b/d
 
800
 
Jun.01
Balance b/d (Overdraft)
 
 
5,700
Jun. 09
Cheques in hand
 
 
3,250
Jun.20
Cheques in hand
 
 
3,250
Jun. 31 Balance c/d (Overdraft)    
5,850
Jun.30 Drawings A/c     150
 
 
 
 
 
Jun.30
Balance c/d
 
800
 
 
 
 
800 9,100
 
   
1,050
9,100
   
 
             
 
Journal
 
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
Jun.07
Cheque-in-hand A/c Dr.  
3,250
 
 
    To Bharti    
 
3,250
 
(Cheque received from Bharti but not deposited the same day)    
 
 
 
     
 
 
Jun.15
Cheques-in-hand A/c Dr.  
1,200
 
      To Panna Lal    
 
1,200
  (Received cheque from Panna Lal)    
 
 
 
 
   
 
 
Jun.28
Kamal Dr.  
1,200
 
      To Cheques-in-hand A/c    
 
1,200
  (Cheque received from Panna Lal endorsed in favour of Kamal)    
 
 
       
 
 

Page No 10.42:

Question 8:

​Prepare Two-column Cash Book of Bimal, Lucknow from the following transactions:

2018   ₹ 2018   ₹
June 1 Cash Balance 5,000 June 21 Drawn from Bank 5,000
June 1 Bank Balance 17,500 June 29 Paid office salaries in cash          4,000
June 5
 
Cash received from sale of
shares

5,000
June 30

 
Sold goods in cash for â‚¹ 8,000 plus CGST and SGST @ 6% each and banked the same  
June 6
 
Cheque received as advance
against sale, paid into bank
50,000 June 30
 
Paid rent by cheque including CGST and SGST @ 6% each   
1,120
June 7 Paid S. Bose by cheque 12,500 June 30 Paid into bank 7,500
  Discount received 200      
June 9 Paid wages in cash 3,000      
June 20 Received a cheque from        
  A. Mukherji and sent to bank 6,000      

Answer:

 
Cash Book
 
Dr.
 
 
 
 
Cr.
Date
Particulars
L.F.
Cash
(Rs)
Bank
(Rs)
Date
Particulars
L.F.
Cash
(Rs)
Bank
(Rs)
2018
 
 
   
2018
 
 
 
 
June 01
Balance b/d
 
5,000 17,500        
 
June 05
Investment
 
5,000  
June 07
S. Bose
 
 
12,500
June 06
Advances A/c
 
  50,000
June 09
Wages A/c
 
3,000
 
June 20
A Mukherji
 
  6,000
June 21
Cash A/c
C
 
5,000
June 21
Bank A/c
C
5,000  
June 29
Office Salaries A/c
 
4,000
 
June 30
Sales A/c
 
  8,000
June 30
Rent A/c
 
 
1,000
June 30 Output CGST A/c     480 June 30 Input CGST A/c     60
June 30 Output SGST A/c     480 June 30 Input SGST A/c     60
June 30
Cash A/c
C
 
7,500
June 30
Bank A/c
C
7,500
 
 
 
 
 
 
June 30
Balance c/d  
500
71,340
 
 
 
 
 
 
 
 
 
 
 
 
 
15,000
89,960
 
   
6,500
89,960
   
 
             

Page No 10.42:

Question 9:

Prepare Two-column Cash Book from the following transactions of Mani, Kochi;

2018  
March 1 Cash in Hand ₹ 15,000; Cash at Bank ₹ 5,000
March 3 Purchased goods for cash ₹ 6,720 including CGST and SGST @ 6% p.a; received discount of ₹ 220
March 5 Deposited into bank ₹ 5,000
March 7 Cash sales ₹ 10,000 plus CGST and SGST @ 6% each
March 10 Cash withdrawn from Bank for Office use ₹ 2,000
March 15 Received three months post dated cheque of ₹ 20,000 from Raj and deposited in the bank on the same day, discounted from bank paying discounting charges ₹ 750
March 18 Received cheque from Deepak for ₹ 5,000 (not banked), allowed discount ₹ 200
March 20 Cheque received from Deepak deposited in Bank
March 22 Paid to Chandra by cheque ₹ 2,500; received discount ₹ 100
March 25 Withdrew from bank for personal use ₹ 1,000
March 28 Sold goods on credit to Ashok Mitra, Kolkata ₹ 10,000, charged IGST @ 12%
March 30 Purchased goods on credit from Chander, Delhi ₹ 20,000, paid IGST @ 12%
March 31 Received cheque from Ashok Mitra ₹ 5,000 and deposited in bank, allowed cash discount â‚¹ 200

Answer:

 
Cash Book
 
Dr.
 
 
 
 
Cr.
Date
Particulars
L.F.
Cash
(Rs)
Bank
(Rs)
Date
Particulars
L.F.
Cash
(Rs)
Bank
(Rs)
2018
 
 
 
 
2018
 
 
 
 
Mar. 01
Balance b/d  
15,000
5,000
Mar. 03
Purchases A/c  
5,780
 
Mar.05 Cash A/c C   5,000 Mar. 03 Input CGST A/c   360  
Mar. 07 Sales A/c   10,000   Mar. 03 Input SGST A/c   360  
Mar. 07
Output CGST A/c  
600
 
Mar. 05
Bank A/c C
5,000
 
Mar. 07
Output SGST A/c  
600
 
Mar. 10
Cash A/c C
 
2,000
Mar. 10
Bank A/c C
2,000
 
Mar. 22
Chandra  
 
2,500
Mar. 15 Raj     19,250
Mar. 25
Drawings A/c  
 
1,000
 
(Cheques-in-hand)  
 
 
Mar. 31 Balance c/d   16,700 33,750
Mar. 20
 Cheques in hand  
 
5,000
 
 
   
 
 
Mar. 31
Ashok Mitra    
 
5,000
 
   
 
 
 
   
 
 
 
   
 
 
 
 
 
28,200
39,250
 
   
28,200
39,250
 
 
 
             

Note: Accordong to our calculations, the closing balances of Cash Column and Bank Column are 16,700 and 33,750 respectively. However, according to Text Book the closing balances are 14,700 and 33,750 respectively.
 
Journal
 
Date
Particulars
L.F.
Debit
Amount
Rs
Credit
Amount
Rs
Mar. 18
Cheques-in-hand A/c
Dr.
 
5,000
 
 
    To Deepak
 
 
 
5,000
 
(Cheque received from Deepak but not deposited the same day)
 
 
 
 

Mar. 30

Ashok Mitra
   To Sales A/c
   To Output IGST A/c
(Sold goods @ 12% IGST on credit)

Purchases A/c
Input IGST A/c
   To Chander
(Goods purchased @ 12% IGST on credit)

Dr.




Dr.
Dr.
 

 

11,200




20,000
2,400


10,000
1,200




22,400



Page No 10.43:

Question 10:

Prepare Two-column Cash Book of Vinod, Delhi from the following transactions:

 

 

 

 

2017   ₹
Oct. 1 Cash in Hand 25,000
Oct. 1 Cash at Bank 75,000
Oct. 7 Bought goods for â‚¹ 15,000 plus IGST @ 12% against cheque  
Oct. 8 Bought goods for â‚¹ 5,000 plus CGST and SGST @ 6% each  
Oct. 10 Honoured our own acceptance by cheque 5,000
Oct. 14 Paid petty expenses 150
Oct. 18 Ramesh who owed â‚¹ 5,000 became bankrupt and paid us 50 paise in a rupee  
Oct. 20 Received cash from Manohar 7,500
  Allowed discount 250
Oct. 23 Withdrew from bank 4,000
Oct. 24 Paid to Ghanshyamdas & Co. 3,000
  Received discount 100
Oct. 25 Withdrew from bank for personal expenses 3,000
Oct. 27 Sold goods for â‚¹ 11,000 plus CGST and SGST @ 6% against cash  
Oct. 28 Received cheque for goods sold for â‚¹ 9,000 plus CGST and SGST @ 6% each  
Oct. 29

Received repayment of a loan of â‚¹ 5,000 and deposited â‚¹ 3,000 out of it 

 

         

Answer:

Cash Book
Dr.  
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Oct 01
Balance b/d
 
25,000
75,000
Oct 01
Purchases A/c
 
 
15,000
Oct 18
Ramesh A/c
 
2,500
 
Oct 01
Input IGST A/c
 
 
1,800
Oct 20
Manohar A/c
 
7,500
 
Oct 08
Purchases A/c
 
5,000
 
Oct 23
Bank A/c
C
4,000
 
Oct 08
Input CGST A/c
 
300
 
Oct 27
Sales A/c
 
11,000
 
Oct 08
Input SGST A/c
 
300
 
Oct 27
Output CGST A/c
 
660
 
Oct 10
Bills Payable A/c
 
 
5,000
Oct 27
Output SGST A/c
 
660
 
Oct 14
Petty Expenses A/c
 
150
 
Oct 28
Sales A/c
 
 
9,000
Oct 23
Cash A/c
 
 
4,000
Oct 28
Output CGST A/c
 
 
540
Oct 24
Ghanshyamdas & Co. A/c
 
3,000
 
Oct 28
Output SGST A/c
 
 
540
Oct 25
Drawings A/c
 
 
3,000
Oct 29
Loan A/c
 
2,000
3,000
Oct 31
Balance c/d
 
44,570
59,280
 
 
 
53,320
88,080
 
 
 
53,320
88,080
   
 
 
 
 
 
 
 
 

Page No 10.43:

Question 11:

Enter the following transactions in the Cash Book of Chandrika of Chandigarh:

 

 

 

 

2018   ₹
Jan 1 Chandrika commences business with cash 1,00,000
Jan 3 She opened a Bank Current Account with her Savings Account cheque 19,00,000
Jan 4 She receives cheque from Kirti & Co. on account 60,000
Jan 7 She pays into Bank Kirti & Co.'s cheque- 60,000
Jan 10 She advanced Ratan & Co. by cheque 35,000
Jan 12 Tripathi & Co. pays into her Bank A/c 47,500
Jan 15 She receives cheque from Warsi and allows him discount â‚¹ 3,500 45,000
Jan 20 She receives cash â‚¹ 7,500 and cheque â‚¹ 10,000 from Kalyan against credit balance  
Jan 25 She pays int Bank, including cheques received on 15th and 20th January 1,00,000
Jan 27 She pays by cheque for purchases of â‚¹ 27,500 plus CGST and SGST @ 6% each  
Jan 28 Cheque received from Warsi was dishonoured  
Jan 30 She pays sundry expenses in cash 50
Jan 30 She pays John & Co. in cash and is allowed discount â‚¹ 3,500 37,500
Jan 31 She pays office rent â‚¹ 20,000 plus CGST and SGST @ 6% each by cheque  
Jan 31 She draws a cheque for office use 40,000
Jan 31 She pays staff salaries by cheque 30,000
Jan 31 She pays cash for stationery â‚¹ 2,500 plus CGST and SGST @ 6% each  
Jan 31 She purchases goods for cash â‚¹ 12,500 plus CGST and SGST @ 6% each  
Jan 31 She pays Jagpal by cheque for commission â‚¹ 30,000 plus CGST and SGST @ 6% each  
Jan 31 She receives cheque for commission of â‚¹50,000 plus CGST and SGST @ 6% each from Raghubir & Co. and pays the same into bank  
Jan 31

Cash sales â‚¹ 45,000 plus CGST and SGST @ 6% each

 

         

Answer:

Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Jan 01
Capital A/c
 
1,00,000
 
Jan 10
Loan A/c
 
 
35,000
Jan 03
Capital A/c
 
 
19,00,000
Jan 25
Bank A/c
C
45,000
 
Jan 07
Cheques in Hand A/c
 
 
60,000
Jan 27
Purchases A/c
 
 
27,500
Jan 12
Tripathi & Co.
 
 
47,500
Jan 27
Input CGST A/c
 
 
1,650
Jan 20
Kalyan A/c
 
7,500
 
Jan 27
Input SGST A/c
 
 
1,650
Jan 25
Cheques in Hand A/c
 
 
55,000
Jan 28
Warsi A/c
 
 
45,000
Jan 25
Cash A/c
C
 
45,000
Jan 30
Sundry Expenses A/c
 
50
 
Jan 31
Bank A/c
C
40,000
 
Jan 30
John & Co A/c
 
37,500
 
Jan 31
Commission A/c
 
 
50,000
Jan 31
Office Rent A/c
 
 
20,000
Jan 31
Output CGST A/c
 
 
3,000
Jan 31
Input CGST A/c
 
 
1,200
Jan 31
Output SGST A/c
 
 
3,000
Jan 31
Input SGST A/c
 
 
1,200
Jan 31
Sales A/c
 
45,000
 
Jan 31
Cash A/c
 
 
40,000
Jan 31
Output CGST A/c
 
2,700
 
Jan 31
Salaries A/c
 
 
30,000
Jan 31
Output SGST A/c
 
2,700
 
Jan 31
Stationery A/c
 
2,500
 
 
 
 
 
 
Jan 31
Input CGST A/c
 
150
 
 
 
 
 
 
Jan 31
Input SGST A/c
 
150
 
 
 
 
 
 
Jan 31
Purchases A/c
 
12,500
 
 
 
 
 
 
Jan 31
Input CGST A/c
 
750
 
 
 
 
 
 
Jan 31
Input SGST A/c
 
750
 
 
 
 
 
 
Jan 31
Commission A/c
 
 
30,000
 
 
 
 
 
Jan 31
Input CGST A/c
 
 
1,800
 
 
 
 
 
Jan 31
Input SGST A/c
 
 
1,800
 
 
 
 
 
 
Balance c/d
 
98,550
19,26,700
 
 
 
1,97,900
21,63,500
 
 
 
1,97,900
21,63,500
   
 
 
 
 
 
 
 
 



Page No 10.44:

Question 12:

Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find out cash and bank balances:     

 

 

 

 

2018   ₹
April 1 Cash balance â‚¹ 2,000, bank balance â‚¹ 24,500  
April 2 Cash sales â‚¹ 60,000 plus CGST and SGST @ 6% each  
April 5 Deposited in Bank 50,000
April 7 Issued cheque to Sohan 10,000
April 9 Sold goods for cash â‚¹ 10,000 plus CGST and SGST @ 6% each  
April 12 Received a cheque from National Insurance Co. Ltd. against claim lodged last year 19,800
April 14 Sold goods to Niraj of â‚¹ 25,000 plus CGST and SGST @ 6% each, received cash â‚¹10,000 and balance by cheque. Allowed him discount â‚¹500  
April 16 Purchased furniture for â‚¹10,000 plus CGST and SGST @ 6% each, paid for furniture by cheque  
April 18 Sold old furniture for â‚¹ 10,000 plus CGST and SGST @ 6% each and received cash  
April 20 Paid into bank cheque of Niraj and cash 2,500
April 22 Paid to Suman by cheque 2,500
April 26 Suman's cheque returned on technical ground and paid cash for equal amount  
April 28 Bank charged its commission of â‚¹ 300 plus CGST and SGST @ 6% each  
April 29 Bank paid insurance premium as per standing instructions 2,500
April 30

Nigam paid into bank directly, intimation received on the same day

5,000

         

Answer:

Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Apr 01
Balance b/d
 
2,000
24,500
Apr 05
Bank A/c
C
50,000
 
Apr 02
Sales A/c
 
60,000
 
Apr 07
Sohan A/c
 
 
10,000
Apr 02
Output CGST A/c
 
3,600
 
Apr 16
Furniture A/c
 
 
10,000
Apr 02
Output SGST A/c
 
3,600
 
Apr 16
Input CGST A/c
 
 
600
Apr 05
Cash A/c
C
 
50,000
Apr 16
Input SGST A/c
 
 
600
Apr 09
Sales A/c
 
10,000
 
Apr 20
Bank A/c
C
2,500
 
Apr 09
Output CGST A/c
 
600
 
Apr 22
Suman A/c
 
 
2,500
Apr 09
Output SGST A/c
 
600
 
Apr 26
Suman A/c
 
2,500
 
Apr 12
National Insurance Co. Ltd.
 
 
19,800
Apr 28
Commission A/c
 
 
300
Apr 14
Sales A/c
 
7,000
 
Apr 28
Input CGST A/c
 
 
18
Apr 14
Output CGST A/c
 
1,500
 
Apr 28
Input SGST A/c
 
 
18
Apr 14
Output SGST A/c
 
1,500
 
Apr 29
Insurance Premium A/c
 
 
2,500
Apr 18
Old Furniture A/c
 
10,000
 
Apr 30
Balance c/d
 
46,600
95,264
Apr 18
Output CGST A/c
 
600
 
 
 
 
 
 
Apr 18
Output SGST A/c
 
600
 
 
 
 
 
 
Apr 20
Cheques in Hand A/c
 
 
17,500
 
 
 
 
 
Apr 20
Cash A/c
C
 
2,500
 
 
 
 
 
Apr 26
Suman A/c
 
 
2,500
 
 
 
 
 
Apr 30
Nigam A/c
 
 
5,000
 
 
 
 
 
 
 
 
1,01,600
1,21,800
 
 
 
1,01,600
1,21,800
   
 
 
 
 
 
 
 
 

Page No 10.44:

Question 13:

Write the following transactions in the Cash Book of Premium Stores, Kolkata (Proprietor Amrit Kumar):     

 

 

 

 

2018   ₹
Jan 1 Commenced business with cash 50,000
Jan 2 Opened Bank Account and deposited cash in bank 20,000
  Purchased goods in cash of â‚¹5,000 plus CGST and SGST @ 6% each 5,000
Jan 4 Paid wages 500
Jan 6 Cash sales of â‚¹2,000 plus CGST and SGST @ 6% each 2,000
  Purchased goods for â‚¹10,000 plus CGST and SGST @ 6% each for cash  
Jan 10
 
Sold goods of â‚¹ 4,000 plus CGST and SGST @ 6% each and payment received by
cheque which is deposited in Bank, allowed cash discount of â‚¹400
 
  Received from Amit 5,900
  Allowed him discount 100
Jan 15 Paid to Bhaskar 2,800
  Received discount 200
Jan 18 Purchased goods from Kanchan, Delhi of â‚¹10,000 plus IGST @ 12%  
Jan 20 Goods were destroyed during transportation, Transport Company settled the claim for â‚¹10,000 in full  
Jan 27 Received cheque from the transport company 10,000
Jan 28 Withdrew for office use 5,000

Answer:

Cash Book
Dr.  
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Jan 01
Capital A/c
 
50,000
 
Jan 02
Bank A/c
C
20,000
 
Jan 02
Cash A/c
C
 
20,000
Jan 02
Purchases A/c
 
5,000
 
Jan 06
Sales A/c
 
2,000
 
Jan 02
Input CGST A/c
 
300
 
Jan 06
Output CGST A/c
 
120
 
Jan 02
Input SGST A/c
 
300
 
Jan 06
Output SGST A/c
 
120
 
Jan 04
Wages A/c
 
500
 
Jan 10
Sales A/c
 
 
3,600
Jan 06
Purchases A/c
 
10,000
 
Jan 10
Output CGST A/c
 
 
240
Jan 06
Input CGST A/c
C
600
 
Jan 10
Output SGST A/c
 
 
240
Jan 06
Input SGST A/c
 
600
 
Jan 10
Amit A/c
 
5,900
 
Jan 15
Bhaskar A/c
 
2,800
 
Jan 27
Transport Co.
 
 
10,000
Jan 28
Cash A/c
C
 
5,000
Jan 28
Bank A/c
C
5,000
 
Jan 31
Balance c/d
 
23,040
29,080
 
 
 
63,140
34,080
 
 
 
63,140
34,080
   
 
 
 
 
 
 
 
 



Page No 10.45:

Question 14:

Record the following transactions in Two-column Cash Book of Ripple, Delhi:

2018   ₹
March 1 Cash balance 25,000
  Bank balance 20,000
March 4 Paid insurance premium by cheque 14,200
March 7
 
Cash purchases of goods of ₹ 15,000 plus CGST and SGST @ 6% each
Received cash discount of 3% of purchase cost of goods
 
March 8 Cash sale of ₹ 15,000 plus CGST and SGST @ 6% each  
  Allowed cash discount @ 2% of sale value of goods  
March 10 Cash deposited into bank 15,000
March 11 Telephone bill paid by cheque, including CGST and SGST @ 6% each 2,240
March 14 Withdrew from bank for personal use 6,000
March 15 Withdrew from bank for official use 14,500
March 20 Received cheque from Dinesh in full settlement of ₹ 11,000 and deposited the same into bank 10,700
March 23 Cash received from Mohan 6,850
  Discount allowed 150
March 24 Stationery purchased for cash, including CGST and SGST @ 6% each 1,120
March 24 Cheque received from Gupta, allowed him discount ₹ 250 4,500
March 28 Cheque received from Gupta deposited into bank 4,500
March 31 Cheque deposited on March 28 dishonoured and returned by the bank  
March 31 Rent paid by cheque, including CGST and SGST @ 6% each 4,480
March 31 Paid cash for postage 220
March 31 Paid wages to watchman in cash 3,000
 
 

Answer:

Dr.
 
 
 
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018  
 
 
 
2018    
 
 
Mar.01 Balance b/d   25,000
20,000
Mar.04 Insurance Premium A/c     14,200
Mar.08 Sales A/c   14,700
 
Mar.07 Purchases A/c   14,550  
Mar.08 Output CGST A/c   900   Mar.07 Inpurt CGST A/c   900  
Mar.08 Output SGST A/c   900   Mar.07 Input SGST A/c   900  
Mar.10 Cash A/c
C
 
15,000
Mar.10 Bank A/c
C
15,000  
Mar.15 Bank A/c
C
14,500
 
Mar.11 Telephone Bill
 
  2,000
          Mar.11 Inpurt CGST A/c     120
          Mar.11 Input SGST A/c     120
Mar.20 Dinesh
 
 
10,700
Mar.14 Drawings A/c
 
  6,000
Mar.23 Mohan
 
6,850
 
Mar.15 Cash A/c
C
  14,500
Mar.28 Cheque-in-hand A/c
 
 
4,500
Mar.24 Stationery   1,000  
          Mar.24 Inpurt CGST A/c   60  
          Mar.24 Input SGST A/c   60  
 
   
 
 
Mar.31 Gupta     4,500
 
 
 
 
 
Mar.31 Rent A/c     4,000
          Mar.31 Inpurt CGST A/c     240
          Mar.31 Input SGST A/c     240
 
 
 
 
 
Mar.31 Postage A/c   220  
 
 
 
 
 
Mar.31 Wages to Watchman   3,000  
 
 
 
 
 
Mar.31 Balance c/d  
27,160
4,280
 
 
 
62,850
50,200
     
62,850
50,200
   
 
             

Page No 10.45:

Question 15:

Enter the following transactions in Two-column Cash Book of Gaurav, Delhi:      

 

 

 

 

2018   ₹
April 1 Opening Balance of Cash in Hand 1,00,000
  Opening Balance of Bank Overdraft 5,00,000
April 2 Sold goods for cash, including CGST and SGST @ 6% each 4,48,000
April 3 Sold goods including CGST and SGST @ 6% each against cheque and paid into bank the same day 3,36,000
April 5 Sold goods to Reema, including IGST @ 12% 1,12,000
April 6 Ram paid by cheque 78,000
  Discount allowed 2,000
April 7 Bought goods from Rahul, Gurugram for â‚¹48,000 plus CGST and SGST @ 6% each and paid him by cheque 44,800
  Salary paid to staff by cheque 2,20,000
April 10 Deposited into bank 3,10,000
April 11 Received a cheque from Suresh and paid into bank 1,28,000
  Discount allowed 1,500
April 15 Received from R. Kumar a cheque for a full settlement of his account for â‚¹1,95,000 1,87,500
April 18 Paid wages in cash 30,000
April 20 Bank charges, including CGST and SGST @ 6% each 5,600
April 22 Withdrew from bank for office use 1,00,000
  Withdrew from Bank for personal use 1,20,000
April 25 Paid electricity bill by cheque 31,500
  Issued a cheque in favour of Sudha as advance for purchase of house of Gaurav 2,00,000
April 26 Received a cheque from Amar 58,200
  Allowed discount to him 1,800
April 28 Cheque received from Amar sent to bank  
April 30 Bank collected interest received on investments 15,000
 

Paid rent for the month of May, 2018, including CGST and SGST @ 6% each

22,400

         

Answer:

Cash Book
Dr.
 
Cr.
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
 
 
 
 
2018
 
 
 
 
Apr 01
Balance b/d
 
1,00,000
 
Apr 01
Balance b/d
 
 
5,00,000
Apr 02
Sales A/c
 
4,00,000
 
Apr 07
Purchases A/c
 
 
40,000
Apr 02
Output CGST A/c
 
24,000
 
Apr 07
Input CGST A/c
 
 
2,400
Apr 02
Output SGST A/c
 
24,000
 
Apr 07
Input SGST A/c
 
 
2,400
Apr 03
Sales A/c
 
 
3,00,000
Apr 07
Salary A/c
 
 
2,20,000
Apr 03
Output CGST A/c
 
 
18,000
Apr 10
Bank A/c
C
3,10,000
 
Apr 03
Output SGST A/c
 
 
18,000
Apr 18
Wages A/c
 
30,000
 
Apr 06
Ram A/c
 
 
78,000
Apr 20
Bank Charges A/c
 
 
5,000
Apr 10
Cash A/c
C
 
3,10,000
Apr 20
Input CGST A/c
 
 
300
Apr 11
Suresh A/c
 
 
1,28,500
Apr 20
Input SGST A/c
 
 
300
Apr 15
R. Kumar A/c
 
 
1,87,500
Apr 22
Cash A/c
C
 
1,00,000
Apr 22
Bank A/c
C
1,00,000
 
Apr 22
Drawings A/c
 
 
1,20,000
Apr 28
Cheques in Hand A/c
 
 
58,200
Apr 25
Electricity A/c
 
 
31,500
Apr 30
Interest on Investments A/c
 
 
15,000
Apr 25
Drawings A/c
 
 
2,00,000
Apr 30
Balance c/d
 
 
1,08,700
Apr 30
Rent A/c
 
20,000
 
 
 
 
 
 
Apr 30
Input CGST A/c
 
1,200
 
 
 
 
 
 
Apr 30
Input SGST A/c
 
1,200
 
 
 
 
 
 
Apr 30
Balance c/d
 
2,85,600
 
 
 
 
6,48,000
12,21,900
 
 
 
6,48,000
12,21,900
   
 
 
 
 
 
 
 
 



Page No 10.46:

Question 16:

From the following information, prepare an Analytical Petty Cash Book:

2018   ₹
April 1 Received for cash payment 20,000
April 2 Paid for postage 1,600
April 5 Paid for stationery 1,000
April 8 Paid for advertisement 2,000
April 12 Paid for wages 800
April 16 Paid for carriage 600
April 20 Paid for conveyance 880
April 25 Paid for travelling expenses 3,200
April 27 Paid for postage 480
April 28 Paid for office cleaning 400
April 29 Paid for telegram 800
April 30 Sent registered notice to landlord 190

Answer:

 Petty Cash Book 
Dr.
 
Cr.
Receipts
Date
Voucher
No
Particulars
Total
Payments
(₹)
Postage
 and
Telegram
(₹)
Stationery
(₹)
Conveyance
and travelling Expenses
(₹)
Carriage
(₹)
Sundries
(₹)
 
2018
   
 
     
 
 
20,000
April 01
  Cash
 
 
 
 
 
 
 
April 02
  Postage
1,600
1,600
 
 
 
 
 
April 05
  Stationery
1,000
 
1,000
 
 
 
 
April 08
  Advertisement
2,000
 
 
 
 
2,000
 
April 12
  Wages
800
 
 
 
 
800
 
April 16
  Carriage
600
 
 
 
600
 
 
April 20
  Conveyance
880
 
 
880
 
 
 
April 25
  Travelling Expenses
3,200
 
 
3,200
 
 
 
April 27
  Postage
480
480
 
 
 
 
 
April 28
  Office Cleaning
400
 
 
 
 
400
 
April 29
  Telegram
800
800
 
 
 
 
 
April 30
  Legal Charges
190
190
 
 
 
 
 
 
  Balance c/d
8,050
 
 
 
 
 
20,000
     
20,000
3,070
1,000
4,080
600
3,200
       
 
 
 
 
 
 

Page No 10.46:

Question 17:

The following transactions took place during the week ended 28th May, 2018. How will you record them in the Petty Cash Book which was maintained with a weekly 'float' of â‚¹ 3,000?

2018   ₹
May 23 Postage 400
May 24 Casual labour 500
May 24 Tax hire 600
May 26 Writing pads and registers 800
May 27 Cartage 200
May 28 ​Bus fare​ 300
​

Answer:

Petty Cash Book
Dr.
 
Cr.
Amount
Received
Cash Book
Folio 
Date
Particulars 
Voucher
No
Amount paid
(₹)
    2018
 
   
3,000
  May 23 Postage
 
400
 
  May 24 Casual Labour
 
500
 
  May 24 Taxi Hire
 
600
 
  May 26 Writing Pads and Registers
 
800
 
  May 27 Cartage
 
200
 
  May 28 Bus Fare
 
300
 
  May 29 Balance c/d
 
200
3,000
     
 
3,000
200
  May 30 Balance b/d
 
 
2,800
    Cash
 
 

Page No 10.46:

Question 18:

Sri R maintains a Columnar Petty Cash Book on the Imprest System. The imprest amount is â‚¹ 5,000. From the following information, show how his Petty Cash Book would appear for the week ended 12th September, 2017:

2016   ₹
Sept. 7 Balance in Hand 1,349 
  Received cash reimbursement to make up the imprest  
  Postage 123
  Stationery 321
  Entertainment 54
Sept. 8 Travelling and conveyance 126
  Miscellaneous expenses 11
  Entertainment 72
Sept. 9 Repairs 1,567
Sept. 10 Postage 174
  Entertainment 127
  Travelling 673
Sept. 11 Stationery 41
  Entertainment 12
Sept 12 Miscellaneous expenses 201
  Travelling 51
  Postage 483
  ​Repairs 30
​ ​

Answer:

 Books of Sri R
Petty Cash Book 
Dr.
 
Cr.
Receipts 
Date 
Voucher
No
Particulars 
Total Payments
(₹)
Postage
 and
Stationery
(₹)
Entertainment (₹)
Travelling and
Conveyance
(₹)
Repairs
(₹)
Expenses
(₹)
 
2017
   
 
     
 
 
1,349
Sep.07
  Balance b/d
 
 
 
 
 
 
3,651
Sep.07
  Cash
 
 
 
 
 
 
 
Sep.07
  Postage
123
123
 
 
 
 
 
Sep.07
  Stationery
321
321
 
 
 
 
 
Sep.07
  Entertainment
54
 
54
 
 
 
 
Sep.08
  Travelling and Conveyance
126
 
 
126
 
 
 
Sep.08
  Miscellaneous Expenses
11
 
 
 
 
11
 
Sep.08
  Entertainment
72
 
72