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Question 12 Chapter 7 – Unimax Publications of Class 11
12. Record the following transactions of Daljit Ranchi, Kochi in a two-column cash book and the balance of the book on 31st January 2023:
| Date | Particular | ₹ | Date | Particular | ₹ |
| 2023 | 2023 | ||||
| Jan.1 | Cash balance | 1,000 | Jan.16 | Bought goods, including IGST @ 12% | 6,720 |
| Jan.1 | Bank balance | 14,500 | Jan.19 | Paid Shyam by cheque | 3,700 |
| Jan.1 | Cash received from sales shares* | 60,000 | Discount received from him | 300 | |
| Jan.2 | Paid into bank | 50,000 | Jan.20 | Drew from bank | 3,000 |
| Jan.3 | Purchase goods from M/s. Agarwal & Co. ₹13,000 plus CGST and SGST @ 6% each and payment by cheque ₹14,000 in full settlement | Jan.22 | Cash drawn from the bank for personal use | 2,000 | |
| Jan.24 | Cash sales, including CGST and SGST @ 6% each | 1,904 | |||
| Jan.27 | Received from Sharma | 18,000 | |||
| Jan.4 | Paid wages | 2,400 | Discount allowed | 500 | |
| Jan.5 | Received from Mohan a cheque for ₹ 9,800 against due of ₹10,000 in full settlement of his account | Jan.28 | Deposited cash into the bank | 15,000 | |
| Jan.8 | Mohan cheque deposited into bank | Jan.28 | Gave cheque for cash purchases including IGST @ 12% | 2,240 | |
| Jan.14 | Paid to stationery plus CGST and SGST @ 6% each. | 1,500 | Jan.30 | Paid rent by cheque plus CGST and SGST @ 6% each | 2,000 |
*GST is not levied on purchases and sales of securities.
The solution of Question 12 Chapter 7 – Unimax Publications of Class 11
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars | L. F. | cash | Bank | Date | Particulars | L. F. | cash | Bank |
| 2023 | 2023 | ||||||||
| Jan.1 | To Balance b/d | 1,000 | 14,500 | Jan.2 | By Bank A/c | 50,000 | |||
| Jan.1 | To Investment | 60,000 | Jan.3 | By purchases A/c | 12,440 | ||||
| Jan.2 | To Cash A/c | 50,000 | Jan.3 | By Input CGST A/c | 780 | ||||
| Jan.8 | To cheque in hand A/c | 9,800 | Jan.3 | By Input SGST A/c | 780 | ||||
| Jan.20 | To Bank A/c | 3,000 | Jan.4 | By wages A/c | 2,400 | ||||
| Jan.24 | To sales A/c | 1,700 | Jan.14 | By Stationery A/c | 1,500 | ||||
| Jan.24 | To Output CGST A/c | 102 | Jan.14 | By Input CGST A/c | 90 | ||||
| Jan.24 | To Output SGSTA/c | 102 | Jan.14 | By Input SGST A/c | 90 | ||||
| Jan.27 | To Ashok Mitra A/c | 18,000 | Jan.16 | By Purchases A/c | 6,000 | ||||
| Jan.28 | To Cash A/c | 15,000 | Jan.16 | By Input IGST A/c | 720 | ||||
| Jan.19 | By Shyam A/c | 3,700 | |||||||
| Jan.20 | By Cash A/c | 3,000 | |||||||
| Jan.22 | By Drawing A/c | 2,000 | |||||||
| Jan.28 | By Bank A/c | 15,000 | |||||||
| Jan.28 | By purchases A/c | 2,000 | |||||||
| Jan.28 | By Input IGST A/c | 240 | |||||||
| Jan.30 | By Rent A/c | 2,000 | |||||||
| Jan.30 | By Input CGST A/c | 120 | |||||||
| Jan.30 | By Input SGST A/c | 120 | |||||||
| Jan.31 | By balance c/d | 8,104 | 62,120 | ||||||
| 83,904 | 89,300 | 83,904 | 89,300 | ||||||
| Feb.1 | To balance b/d | 8,104 | 62,120 | ||||||
| Dr. | Journal | ||||
| Date | Particulars | L. F. | DRBIT | CREDIT | |
| 2023 | |||||
| Jan.3 | Purchases A/c | Dr. | 560 | ||
| To Discount received A/c | 560 | ||||
| (Being the discount received against payment made by cheque) | |||||
| Dr. | 9,800 | ||||
| Jan.5 | Cheque in hand A/c | Dr. | 200 | ||
| Discount allowed A/c | 10,000 | ||||
| To sales A/c | |||||
| (Being the discount allowed to Mohan against payment received by cheque) | |||||
| Jan.19 | Shyam A/c | Dr. | 300 | ||
| To Discount received A/c | 300 | ||||
| (Being the discount received against payment made by cheque) | |||||
| Jan.27 | Discount allowed A/c | Dr. | 500 | ||
| To Sharma A/c | 500 | ||||
| (Being the discount allowed to Sharma against payment received) | |||||
End of Solution
Check Out the Solution of all questions for this chapter:
The solutions to all questions of Chapter No. 7 – Special Purpose Book – Cash Book Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.
Question 5 Chapter 7 – Unimax Publications of Class 11
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Question 17 Chapter 7 – Unimax Publications of Class 11
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1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax
UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
2. Punjab School Education Board (PSEB) Solutions of Usha Publication.
If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.
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