Meaning and Fundamentals of Double Entry Book-Keeping — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Give necessary transactions for the following effect of increase and decrease in Assets, Capital, and Liabilities.:

2019
Jan. 1 Bought goods from Anupam ₹ 8,000.
10 Goods returned to Anupam ₹700.
20 Cash paid to Anupam ₹7,000.

Calculate the following: Received cheque of ₹ 90,000 from Kiran in full settlement of his account ₹ 1,00,000/-. Calculate discount rate.

Calculate the following: Sold goods of ₹ 1,00,000 at 10% Trade Discount and 10% cash discount to Ram and received 50% amount by cheque. Calculate the amount of cheque received.

On 31st March 2018 bank Pass Book of Mr. Rajiv showed a credit balance of ₹ 6,300 but Cash Book
showed a different balance. On comparing the two books the following differences were noticed.
i) Cheques sent to bank for collection ₹ 85,000 on 25th March 2018 but a cheque of ₹ 60,000 was
only cleared by bank before 31st March 2018.
ii) Out of cheques issued ₹ 58,500, cheques of ₹ 48,500 were not presented for payment before 31st
March 2018.
iii) A Bill of Exchange for ₹ 4,000 discounted with the bank was dishonoured on 30th March 2018.
Intimation of the same was received on 5th April 2018.
iv) Interest allowed by bank ₹820 appeared twice in the Cash Book.
v) Pass Book debit side was overcast ₹ 200.
vi) Cheque received from Akash ₹ 4,250 deposited into bank for collection was not yet collected.
The entry was recorded in the cash column of Cash Book.
vii) A Bills Payable amounting to ₹ 8,700 paid by bank has not been recorded in the Cash Book.
viii) Mr. Aditya, our customer directly deposited ₹17,000 into our account through NEFT. It was not
recorded in the Cash Book.
Prepare the Bank Reconciliation Statement as on 31st March 2018.

Prepare two columns Cash Book of Guru Dakshina Brothers. (Narrations not
required)
2019 March 1) Cash balance ₹ 13,000 and Bank Overdraft ₹ 18,000
2) Received from Neha cash ₹ 1,700 and bearer cheque ₹ 500.
7) Paid to Dhanraj ₹ 6,000 by cheque.
8) Cash Sales ₹ 6,545 and discount allowed ₹ 55
10) Cheque received on 2nd March 2019 deposited into Bank.
12) Deposited into Bank ₹ 5,000
13) Goods purchased from Prachi on credit ₹ 5,000
15) Cheque received from Neha returned dishonoured.
20) Purchased goods from Sweety ₹5,000 at 7% T.D. and paid half the amount
immediately.
22) Bank paid insurance premium ₹1,000 and collected interest on investment
₹1,650
24) Cheque issued to Dhanraj was dishonoured.
26) Gupta stores directly deposited into our Bank A/c ₹7,500
30) Deposited cash in excess of ₹3,920 in to Bank.

Calculate the following: Purchased Motor Car from Tata & Company worth ₹ 2,00,000 at 18% GST. Find out GST amount.

Example : Pass the entries in the Journal Proper
1) Purchased Furniture from M/s Patel Furniture on credit for ₹ 74,000
2) Sold Machinery for ₹ 9,400 to Suraj on credit.
3) Goods of ₹ 4,000 were withdrawn by Proprietor for his Personal use.
4) Goods distributed as free samples ₹ 11,000
5) Goods of ₹ 8,500 were lost by fire.
6) Cash Discount Received from Seema ₹ 500
7) Allowed Cash Discount to Hemant ₹ 600

Complete the following table.:

Cash Book of Kunal showed an Overdraft of ₹ 36,280 as on 31st July 2019. On comparing his Cash
Book and Pass Book following differences were found:
i) An amount of ₹ 18,700 was directly paid into bank by our customer Manish, was not recorded
in Cash Book.
ii) Cheque of ₹ 18,900 deposited in the bank, was collected and credited by bank but was entered
in Cash Book as ₹ 19,800.
iii) Cheques issued for salary to staff ₹ 25,000 on 27th July 2019 was presented for payment only
on 4th Aug 2019.
iv) Cash ₹ 20,000 withdrawn from ATM for office use was not recorded in Cash Book.
v) Debit side of Cash Book, bank column was overcast by ₹ 100.
vi) As per standing instruction bank paid our office rent ₹ 19,500.
vii) Commission collected by bank ₹ 3,750 on behalf of us was not recorded in Cash Book.
Prepare Bank Reconciliation Statement as on 31st July 2019.