TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book has given an easy, informative, and step-by-step way to solve the question related to Cash Book.
Handy and quick solutions for Chapter 7 are mentioned in TS Grewal. Be it exams or homework, class 11th students can always go for TS Grewal Class 11 Accountancy Solutions to Boost their Exam Preparations
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TS Grewal Class 11 Accountancy Solutions Chapter 7
Detailed TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book
TS Grewal Class 11 Accountancy Solutions explains to the students about Cash Book, what is it and what are the types of Cash Books?
To answer the first question, TS Grewal describes Cash Book as a subsidiary book used for recording only one type of transaction. Every year, thousands of transactions are recorded, and to handle the workload of managing those transactions, a Cash Book is used by the companies.
There are various kinds of Cash Book, mentioned below:
- Simple Cash Book also called single column cash book.
- Two-column cash book.
- Three-column cash book.
- Petty cash book.
All these and other important topics are explained thoroughly in the TS Grewal Class 11 Accountancy Solutions. Along with that, all the practical questions are also covered in the book only, with a step by step guide
TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book: Sample Questions
Sample Question 1
Enter the following transactions of Mr X, Delhi in a Single column cash book and balance it, without GST:
2018 |
|
Rs. |
January 1 |
Commenced with the business with capital |
2,00,000 |
January 2 |
Purchased furniture with cash |
50,000 |
January 3 |
Purchased goods with cash |
30,000 |
January 5 |
Paid freight |
500 |
January 7 |
Sold goods for cash |
28,000 |
January 10 |
Paid to Ramesh |
20,000 |
January 15 |
Sold goods for cash |
10,000 |
January 20 |
Paid wages |
10,000 |
January 25 |
Purchased goods on credit from Raj |
20,000 |
January 31 |
Paid rent by cheque |
5,000 |
Answer:
Date |
Particulars |
L.F. |
Cash (Rs.) |
Date |
Particulars |
L.F. |
Cash (Rs.) |
2018 |
|
|
|
2018 |
|
|
|
Jan 1 |
Capital A/C |
|
2,00,000 |
Jan 2 |
Furniture A/C |
|
50,000 |
Jan 7 |
Sales A/C |
|
28,000 |
Jan 3 |
Purchases A/C |
|
30,000 |
Jan 15 |
Sales A/C |
|
10,000 |
Jan 5 |
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 |
Sample question 2:
Prepare a Simple cash book from the following transaction of Mr Suresh, Delhi mentioned below:
2018 |
|
Rs. |
2018 |
|
Rs. |
April 1 |
Commenced business with cash |
80,000 |
April 17 |
Paid for stationery |
200 |
April 3 |
Bought goods |
50,000 |
April 18 |
Paid for office furniture |
3,000 |
April 5 |
Sold goods for cash |
40,000 |
April 21 |
Received from Kailash |
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 Harikishan in cash |
2,150 |
April 28 |
Paid rent |
1,120 |
|
|
|
April 30 |
Paid electricity charges |
150 |
Answer:
Books of Mr. Suresh, Delhi
Cash Book
Dr. Cr.
Date |
Particulars |
L.F. |
Amount (Rs.) |
Date |
Particulars |
L.F. |
Amount (Rs.) |
2018 |
|
|
|
2018 |
|
|
|
April 1 |
Capital |
|
80,000 |
April 3 |
Purchases |
|
50,000 |
April 5 |
Sales |
|
40,000 |
April 9 |
Bank |
|
30,000 |
April 6 |
Mr. Manohar |
|
3,600 |
April 13 |
Hari Krishan |
|
2,150 |
April 21 |
Mr. Kailash |
|
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 bill |
|
150 |
|
|
|
|
April 30 |
Balance c/d |
|
42,692 |
|
|
|
1,30,400 |
|
|
|
1,30,400 |
|
|
|
|
|
|
|
|
We have included complete information regarding the CBSE TS Grewal Class 11 Accountancy Solutions Chapter 6 – Ledger. If you have any questions, feel free to ask in the comment box.
FAQs
Define a Cashbook.
A Cash Book is a subsidiary book used for recording only one type of transaction. Every year, thousands of transactions are recorded, and to handle the workload of managing those transactions, a Cash Book is used by the companies.
What are the types of a Cashbook?
There are various kinds of Cash Book, mentioned below:
1. Simple Cash Book also called single column cash book.
2. Two-column cash book.
3. Three-column cash book.
4. Petty cash book.
What do you mean by a Three column cash book?
A Three column cash book is a traditional two-column cash book with 2 additional columns on each side. These extra columns are used for recording cash discounts, discount received column at the credit side, and discount allowed column at the debit side.
Can I download TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book PDF free?
Yes, you can download TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book PDF free.