TS Grewal Class 11 Accountancy Solutions Chapter 7 – Special Purpose Books 1 Cash Book 2021-22

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:

1. Simple Cash Book also called single column cash book.
2. Two-column cash book.
3. Three-column cash book.
4. 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

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