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Page No 9.34:
Question 1:
On 1st April, 2018, Mohit started business with a capital of ₹ 50,000. He made the following transactions:
2018 | ₹ | |
April 03 | Purchased goods from Rita on credit for | 20,000 |
April 04 | Cash paid to Rita | 10,000 |
April 06 | Goods sold to Rohit | 25,000 |
April 08 | Received cash from Rohit | 20,000 |
April 12 | Goods purchased from Rita | 12,000 |
April 18 | Cash paid to Rita | 20,000 |
April 25 | Goods sold to Rohit | 10,000 |
April 30 | Received cash from Rohit | 6,000 |
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
2018 |
|
|
|
|
|
Apr.01 |
Cash A/c |
Dr. |
|
50,000 |
|
|
To Capital A/c |
|
|
|
50,000 |
|
(Business started with cash) |
|
|
|
|
|
|
|
|
|
|
Apr.03 |
Purchases A/c |
Dr. |
|
20,000 |
|
|
To Rita |
|
|
|
20,000 |
|
(Goods purchased from Rita on credit) |
|
|
|
|
|
|
|
|
|
|
Apr.04 |
Rita |
Dr. |
|
10,000 |
|
|
To Cash A/c |
|
|
|
10,000 |
|
(Cash paid to Rita) |
|
|
|
|
|
|
|
|
|
|
Apr.06 |
Rohit |
Dr. |
|
25,000 |
|
|
To Sales A/c |
|
|
|
25,000 |
|
(Goods sold to Rohit on credit) |
|
|
|
|
|
|
|
|
|
|
Apr.08 |
Cash A/c |
Dr. |
|
20,000 |
|
|
To Rohit |
|
|
|
20,000 |
|
(Cash received from Rohit) |
|
|
|
|
|
|
|
|
|
|
Apr.12 |
Purchases A/c |
Dr. |
|
12,000 |
|
|
To Rita |
|
|
|
12,000 |
|
(Goods purchased from Rita on credit) |
|
|
|
|
|
|
|
|
|
|
Apr.18 |
Rita |
Dr. |
|
20,000 |
|
|
To Cash A/c |
|
|
|
20,000 |
|
(Cash paid to Rita) |
|
|
|
|
|
|
|
|
|
|
Apr.25 |
Rohit |
Dr. |
|
10,000 |
|
|
To Sales A/c |
|
|
|
10,000 |
|
(Goods Sold to Rohit) |
|
|
|
|
|
|
|
|
|
|
Apr.30 |
Cash A/c |
Dr. |
|
6,000 |
|
|
To Rohit |
|
|
|
6,000 |
|
(Cash received from Rohit) |
|
|
|
|
|
|
|
|
|
Cash Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Capital A/c |
|
50,000 |
Apr.04 |
Rita |
|
10,000 |
||
Apr.08 |
Rohit |
|
20,000 |
Apr.18 |
Rita |
|
20,000 |
||
Apr.30 |
Rohit |
|
6,000 |
Apr.30 |
Balance c/d |
|
46,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
76,000 |
|
|
|
76,000 |
||
May.01 |
Balance b/d |
|
46,000 |
|
|
|
|
||
Capital Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
50,000 |
Apr.01 |
Cash A/c |
|
50,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
50,000 |
|
|
|
50,000 |
||
|
|
|
|
May.01 |
Balance b/d |
|
50,000 |
||
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.03 |
Rita |
|
20,000 |
Apr.30 |
Balance c/d |
|
32,000 |
||
Apr.12 |
Rita |
|
12,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
32,000 |
|
|
|
32,000 |
||
May.01 |
Balance b/d |
|
32,000 |
|
|
|
|
||
Rita |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.04 |
Cash A/c |
|
10,000 |
Apr.03 |
Purchases A/c |
|
20,000 |
||
Apr.18 |
Cash A/c |
|
20,000 |
Apr.12 |
Purchases A/c |
|
12,000 |
||
Apr.30 |
Balance c/d |
|
2,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
32,000 |
|
|
|
32,000 |
||
|
|
|
|
May.01 |
Balance b/d |
|
2,000 |
||
Rohit |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.06 |
Sales A/c |
|
25,000 |
Apr.08 |
Cash A/c |
|
20,000 |
||
Apr.25 |
Sales A/c |
|
10,000 |
Apr.30 |
Cash A/c |
|
6,000 |
||
|
|
|
|
Apr.30 |
Balance c/d |
|
9,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
35,000 |
|
|
|
35,000 |
||
May.01 |
Balance b/d |
|
9,000 |
|
|
|
|
||
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
35,000 |
Apr.06 |
Rohit |
|
25,000 |
||
|
|
|
|
Apr.25 |
Rohit |
|
10,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
35,000 |
|
|
|
35,000 |
||
|
|
|
|
May.01 |
Balance b/d |
|
35,000 |
Page No 9.34:
Question 2:
Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows:
|
|
|
||
2018 | ₹ | |||
Jan 1 | Started business with cash | 1,00,000 | ||
Jan 2 | Bought goods for cash | 20,000 | ||
Jan 3 | Sold goods for cash | 7,000 | ||
Jan 15 | Sold goods to Shravan, Delhi | 6,000 | ||
Jan 18 | Bought goods on credit from Anurag, Kanpur | 60,000 | ||
Jan 19 | Goods returned to Anurag | 5,000 | ||
Jan 20 | Sold goods for cash | 30,000 | ||
Jan 22 | Paid electricity bill | 1,000 | ||
Jan 28 | Paid for telephone bill | 500 | ||
Jan 29 | Paid rent | 800 | ||
Jan 31 |
Paid wages |
3000 |
||
Answer:
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2018
|
|
|
|
||
Jan 01
|
Cash A/c |
Dr.
|
1,00,000
|
|
|
|
To Capital A/c |
|
|
1,00,000
|
|
|
(Started business with cash) |
|
|
|
|
|
|
|
|
||
Jan 02
|
Purchases A/c |
Dr.
|
20,000
|
|
|
|
To Cash A/c |
|
|
20,000
|
|
|
(Goods purchased) |
|
|
|
|
|
|
|
|
||
Jan 03
|
Cash A/c |
Dr.
|
7,000
|
|
|
|
To Sales A/c |
|
|
7,000
|
|
|
(Goods sold) |
|
|
|
|
|
|
|
|
||
Jan 15
|
Shravan A/c |
Dr.
|
6,000
|
|
|
|
To Sales A/c |
|
|
6,000
|
|
|
(Goods sold) |
|
|
|
|
|
|
|
|
||
Jan 18
|
Purchases A/c |
Dr.
|
50,000
|
|
|
|
To Anurag A/c |
|
|
50,000
|
|
|
(Goods purchased) |
|
|
|
|
|
|
|
|
||
Jan 19
|
Anurag A/c |
Dr.
|
5,000
|
|
|
|
To Purchases Return A/c |
|
|
5,000
|
|
|
(Goods returned) |
|
|
|
|
|
|
|
|
||
Jan 20
|
Cash A/c |
Dr.
|
30,000
|
|
|
|
To Sales A/c |
|
|
30,000
|
|
|
(Goods sold) |
|
|
|
|
|
|
|
|
||
Jan 22
|
Electricity Expenses A/c |
Dr.
|
1,000
|
|
|
|
To Cash A/c |
|
|
1,000
|
|
|
(Paid electricity bill) |
|
|
|
|
|
|
|
|
||
Jan 28
|
Telephone Expenses A/c |
Dr.
|
500
|
|
|
|
To Cash A/c |
|
|
500
|
|
|
(Paid telephone bill) |
|
|
|
|
|
|
|
|
||
Jan 29
|
Rent A/c |
Dr.
|
800
|
|
|
|
To Cash A/c |
|
|
800
|
|
|
(Paid rent) |
|
|
|
|
|
|
|
|
||
Jan 31
|
Wages A/c |
Dr.
|
3,000
|
|
|
|
To Cash A/c |
|
|
3,000
|
|
|
(Paid wages) |
|
|
|
Cash Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 01 | Capital A/c |
1,00,000
|
Jan 02 | Purchases A/c |
20,000
|
||||
Jan 03 | Sales A/c |
7,000
|
Jan 22 | Electricity Expenses A/c |
1,000
|
||||
Jan 20 | Sales A/c |
30,000
|
Jan 28 | Telephone Expenses A/c |
500
|
||||
|
Jan 29 | Rent A/c |
800
|
||||||
|
Jan 31 | Wages A/c |
3,000
|
||||||
|
Jan 31 | Balance c/d |
1,11,700
|
||||||
1,37,000
|
1,37,000
|
||||||||
Capital Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 01 | Cash A/c |
1,00,000
|
Jan 31 | Balance c/d |
1,00,000
|
||||
|
|
||||||||
1,00,000
|
1,00,000
|
||||||||
Purchases Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 02 | Cash A/c |
20,000
|
Jan 31 | Balance c/d |
70,000
|
||||
Jan 18 | Anurag A/c |
50,000
|
|
||||||
|
|
||||||||
70,000
|
70,000
|
||||||||
Sales Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 31 | Balance c/d |
43,000
|
Jan 03 | Cash A/c |
7,000
|
||||
|
Jan 15 | Shravan A/c |
6,000
|
||||||
|
Jan 20 | Cash A/c |
30,000
|
||||||
43,000
|
43,000
|
||||||||
Shravan Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 15 | Sales A/c |
6,000
|
Jan 31 | Balance c/d |
6,000
|
||||
|
|
||||||||
6,000
|
6,000
|
||||||||
Anurag Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 19 | Purchases Return A/c |
5,000
|
Jan 18 | Purchases A/c |
50,000
|
||||
Jan 31 | Balance c/d |
45,000
|
|
||||||
|
|
||||||||
50,000
|
50,000
|
||||||||
Purchases Return Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 31 | Balance c/d |
5,000
|
Jan 19 | Anurag A/c |
5,000
|
||||
|
|
||||||||
5,000
|
5,000
|
||||||||
Electricity Expenses Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 22 | Cash A/c |
1,000
|
Jan 31 | Balance c/d |
1,000
|
||||
|
|
||||||||
1,000
|
1,000
|
||||||||
Telephone Expenses Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 28 | Cash A/c |
500
|
Jan 31 | Balance c/d |
500
|
||||
|
|
||||||||
500
|
500
|
||||||||
Rent Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 29 | Cash A/c |
800
|
Jan 31 | Balance c/d |
800
|
||||
|
|
||||||||
800
|
800
|
||||||||
Wages Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Jan 31 | Cash A/c |
3,000
|
Jan 31 | Balance c/d |
3,000
|
||||
|
|
||||||||
3,000
|
3,000
|
||||||||
Page No 9.35:
Question 3:
Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:
2018 | ₹ | |
Jan. 1 | Started business with cash* | 1,00,000 |
Jan. 3 | Bought goods on credit from Gupta & Co., Delhi | 20,000 |
Jan. 5 | Cash sales | 5,000 |
Jan. 8 | Cash purchases | 8,000 |
Jan. 10 | Sold goods to Ahmed & Co., Lucknow | 10,000 |
Jan. 11 | Deposited cash in bank* | 50,000 |
Jan. 13 | Purchased a computer for office | 20,000 |
Jan. 15 | Took a loan from Mehboob* | 70,000 |
Jan. 16 | Goods returned by Ahmed & Co. | 2,000 |
Jan. 17 | Purchased furniture from Mehfil Mart, Kolkata | 10,000 |
Jan. 18 | Paid interest to Mehboob* | 2,000 |
Jan. 19 | Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed.* | 1,000 |
Jan. 22 | Paid rent by cheque | 2,000 |
Jan. 24 | Withdrew from bank* | 20,000 |
Jan. 25 | Sales of goods at counter after allowing trade discount of 10% | 10,000 |
Jan. 26 | Goods purchased from Gupta & Co., Delhi were destroyed by accident | 10,000 |
Jan. 27 | Advertisement expenses paid through bank | 5,000 |
Jan. 28 | Ahmed & Co. settled their account by cheque* | 7,000 |
Jan. 29 | Paid to Gupta & Co. by cheque* | 18,000 |
Discount allowed by them* | 2,000 | |
Jan. 31 | Sold old newspapers | 500 |
Intra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions, transactions marked (*) are not subject to levy of GST.
Answer:
Journal of Afjal, Kolkata | |||||
Date
|
Particulars
|
L.F.
|
Debit Amount
(₹)
|
Credit Amount
(₹)
|
|
2018
|
|||||
Jan.01
|
Cash A/c |
Dr.
|
1,00,000
|
||
To Capital A/c |
1,00,000
|
||||
(Business started with cash) | |||||
Jan.03
|
Purchases A/c |
Dr.
|
20,000
|
||
Input IGST A/c |
Dr.
|
2,400
|
|||
To Gupta & Co. |
22,400
|
||||
(Goods purchased on credit @ 12% IGST) | |||||
Jan.05
|
Cash A/c |
Dr.
|
5,600
|
||
To Sales A/c |
5,000
|
||||
To Output CGST A/c |
300
|
||||
To Output SGST A/c |
300
|
||||
(Goods sold for cash @ 6% CGST and SGST) | |||||
Jan.08
|
Purchases |
Dr.
|
8,000
|
||
Input CGST A/c |
Dr.
|
480
|
|||
Input SGST A/c |
Dr.
|
480
|
|||
To Cash A/c |
8,960
|
||||
(Goods purchased for cash @ 6% CGST and SGST) | |||||
Jan.10
|
Ahmed & Co. |
Dr.
|
11,200
|
||
To Sales A/c |
10,000
|
||||
To Output IGST A/c |
1,200
|
||||
(Goods sold on credit @ 12% IGST) | |||||
Jan.11
|
Bank A/c |
Dr.
|
50,000
|
||
To Cash A/c |
50,000
|
||||
(Cash deposited into bank) | |||||
Jan.13
|
Computers A/c |
Dr.
|
20,000
|
||
Input CGST A/c |
Dr.
|
1,200
|
|||
Input SGST A/c |
Dr.
|
1,200
|
|||
To Cash A/c |
22,400
|
||||
(Computers purchased @ 6% CGST and SGST) | |||||
Jan.15
|
Cash A/c |
Dr.
|
70,000
|
||
To Loan from Mehboob |
70,000
|
||||
(Loan taken from Mehboob) | |||||
Jan.16
|
Sales Return A/c |
Dr.
|
2,000
|
||
Output IGST A/c |
Dr.
|
240
|
|||
To Ahmed & Co. |
2,240
|
||||
(Goods returned by Ahmed & Co.) | |||||
Jan.17
|
Furniture A/c |
Dr.
|
10,000
|
||
Input CGST A/c |
Dr.
|
600
|
|||
Input SGST A/c |
Dr.
|
600
|
11,200
|
||
To Mehfil Mart | |||||
(Furniture purchased @ 6% CGST and SGST) | |||||
Jan.18
|
Interest on Mehboob Loan A/c |
Dr.
|
2,000
|
||
To Cash A/c |
2,000
|
||||
(Interest on Loan paid) | |||||
Jan.19
|
Insurance Claim A/c |
Dr.
|
1,000
|
||
To Ahmed & Company |
1,000
|
||||
(Insurance Claim due) | |||||
Jan.22
|
Rent A/c |
Dr.
|
2,000
|
||
Input CGST A/c |
Dr.
|
120
|
|||
Input SGST A/c |
Dr.
|
120
|
2,240
|
||
To Bank A/c | |||||
(Rent paid with 6% CGST and SGST) | |||||
Jan.24
|
Cash A/c |
Dr.
|
20,000
|
||
To Bank A/c |
20,000
|
||||
(Cash withdrawn from bank) | |||||
Jan.25
|
Cash A/c |
Dr.
|
10,080
|
||
To Sales A/c |
9,000
|
||||
To Output CGST A/c |
540
|
||||
To Output SGST A/c |
540
|
||||
(Goods sold for cash @ 6% CGST and SGST) | |||||
Jan.26
|
Loss by Accident A/c |
Dr.
|
11,200
|
||
To Purchases A/c |
10,000
|
||||
To Input IGST A/c |
1,200
|
||||
(Goods lost by accident and IGST reversed ) | |||||
Jan.27
|
Advertisement A/c |
Dr.
|
5,000
|
||
Input CGST A/c |
Dr.
|
300
|
|||
Input SGST A/c |
Dr.
|
300
|
|||
To Bank A/c |
5,600
|
||||
(Advertisement expenses with 6% intrastate GST paid) | |||||
Jan.28
|
Bank A/c |
Dr.
|
7,000
|
||
Discount Allowed A/c |
Dr.
|
960
|
|||
To Ahmed & Company |
7,960
|
||||
(Payment Received in full settlement) | |||||
Jan.29
|
Gupta & Company |
Dr.
|
20,000
|
||
To Bank A/c |
18,000
|
||||
To Discount Received A/c |
2,000
|
||||
(Payment made) | |||||
Jan.31
|
Cash A/c |
Dr.
|
560
|
||
To Sundry Income A/c |
500
|
||||
To Output CGST A/c |
30
|
||||
To Output SGST A/c |
30
|
||||
(Sundry Income received with 6% intra state GST) |
Cash Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.01 | Capital |
1,00,000
|
Jan.08 | Purchases |
8,960
|
||||
Jan.05 | Sales |
5,000
|
Jan.11 | Bank |
50,000
|
||||
Jan.15 | Loan from Mehboob |
70,000
|
Jan.13 | Computer |
22,400
|
||||
Jan.24 | Bank |
20,000
|
Jan.18 | Interest on Mehboob Loan |
2,000
|
||||
Jan.25 | Sales |
10,080
|
Jan.31 | Balance c/d |
1,22,280
|
||||
Jan.31 | Sundry income |
560
|
|
||||||
|
|
||||||||
2,05,640
|
2,05,640
|
||||||||
Feb.01 | Balance b/d |
1,22,280
|
|
Purchases Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.03 | Gupta & Company |
20,000
|
Jan.26 | Loss by Accident |
10,000
|
||||
Jan.08 | Cash |
8,000
|
Jan.31 | Balance c/d |
18,000
|
||||
|
|
||||||||
28,000
|
28,000
|
||||||||
Feb.01 | Balance b/d |
18,000
|
|
Capital Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
1,00,000
|
Jan.01 | Cash |
1,00,000
|
||||
|
|
||||||||
1,00,000
|
1,00,000
|
||||||||
|
Feb.01 | Balance b/d |
1,00,000
|
Sales Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
24,000
|
Jan.05 | Cash |
5,000
|
||||
|
Jan.10 | Ahmed & Company |
10,000
|
||||||
|
Jan.25 | Cash |
9,000
|
||||||
|
|
||||||||
24,000
|
24,000
|
||||||||
|
Feb.01 | Balance b/d |
24,000
|
Gupta & Company
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.29 | Bank |
18,000
|
Jan.03 | Purchases |
20,000
|
||||
Jan.29 | Discount Received |
2,000
|
Jan.03 | Input IGST A/c |
2,400
|
||||
Jan.29 | Balance c/d |
2,400
|
|||||||
22,400
|
22,400
|
||||||||
|
|
Ahmed & Company
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.10 | Sales |
10,000
|
Jan.16 Jan.16 |
Sales returns Output IGST A/c |
2,000
240 |
||||
Jan.10 | Output IGST A/c |
1,200
|
Jan.19 | Insurance claim |
1,000
|
||||
|
Jan.28 | Bank |
7,000
|
||||||
|
Jan.28 | Discount Allowed |
960
|
||||||
|
|
||||||||
11,200
|
11,200
|
||||||||
|
|
Bank Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.11 | Cash |
50,000
|
Jan.22 | Rent |
2,240
|
||||
Jan.28 | Ahmed & Company |
7,000
|
Jan.24 | Cash |
20,000
|
||||
|
Jan.27 | Advertisement |
5,600
|
||||||
|
Jan.29 | Gupta & Company |
18,000
|
||||||
|
Jan.31 | Balance c/d |
11,160
|
||||||
|
|
||||||||
57,000
|
57,000
|
||||||||
Feb.01 | Balance b/d |
11,160
|
|
Computers Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.13 | Cash |
20,000
|
Jan.31 | Balance c/d |
20,000
|
||||
|
|
||||||||
20,000
|
20,000
|
||||||||
Feb.01 | Balance b/d |
20,000
|
|
Loan from Mehboob
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
70,000
|
Jan.15 | Cash |
70,000
|
||||
|
|||||||||
70,000
|
70,000
|
||||||||
|
Feb.01 | Balance b/d |
70,000
|
Insurance Claim Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.19 | Ahmed & Company |
1,000
|
Jan.31 | Balance c/d |
1,000
|
||||
|
|
||||||||
1,000
|
1,000
|
||||||||
Feb.01 | Balance b/d |
1,000
|
|
Rent Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.22 | Bank |
2,000
|
Jan.31 | Balance c/d |
2,000
|
||||
|
|
||||||||
2,000
|
2,000
|
||||||||
Feb.01 | Balance b/d |
2,000
|
|
Loss by Accident Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.26 | Purchases |
10,000
|
Jan.31 | Balance c/d |
11,200
|
||||
Jan.26 | Input IGST A/c |
1,200
|
|
||||||
11,200
|
11,200
|
||||||||
Feb.01 | Balance b/d |
11,200
|
|
Advertisement Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.27 | Bank |
5,000
|
Jan.31 | Balance c/d |
5,000
|
||||
|
|
||||||||
5,000
|
5,000
|
||||||||
Feb.01 | Balance b/d |
5,000
|
|
Sales Returns Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.16 | Ahmed & Company |
2,000
|
Jan.31 | Balance c/d |
2,000
|
||||
|
|
||||||||
2,000
|
2,000
|
||||||||
Feb.01 | Balance b/d |
2,000
|
|
Furniture Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.17 | Mehfil Mart |
10,000
|
Jan.31 | Balance c/d |
10,000
|
||||
|
|
||||||||
10,000
|
10,000
|
||||||||
Feb.01 | Balance b/d |
10,000
|
|
Mehfil Mart
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
11,200
|
Jan.17 | Furniture |
10,000
|
||||
|
Jan.17 Jan.17 |
Input CGST A/c Input SGST A/c |
600
600 |
||||||
11,200
|
11,200
|
||||||||
|
Feb.01 | Balance b/d |
11,200
|
Interest on Mehboob Loan Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.18 | Cash A/c |
2,000
|
Jan.31 | Balance c/d |
2,000
|
||||
|
|
||||||||
2,000
|
2,000
|
||||||||
Feb.01 | Balance b/d |
2,000
|
|
Discount Allowed Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.28 | Ahmed & Company |
960
|
Jan.31 | Balance c/d |
960
|
||||
|
|
||||||||
960
|
960
|
||||||||
Feb.01 | Balance b/d |
960
|
|
Discount Received Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
2,000
|
Jan.29 | Gupta & Company |
2,000
|
||||
|
|
||||||||
2,000
|
2,000
|
||||||||
|
Feb.01 | Balance b/d |
2,000
|
Sundry Incomes Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
500
|
Jan.31 | Cash |
500
|
||||
|
|
||||||||
500
|
500
|
||||||||
|
Feb.01 | Balance b/d |
500
|
Input IGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.03 | Gupta & Co. |
2,400
|
Jan.26 | Loss by Accident |
1,200
|
||||
Jan.05 | Sales |
5,000
|
Jan.31 | Balance c/d | 6,200 | ||||
|
|||||||||
|
|||||||||
7,400 |
7,400
|
||||||||
Feb.01 | Balance b/d | 6,200 |
|
Output IGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.16 | Ahmed & Co. |
240
|
Jan.10 | Ahmed & Co. |
1,200
|
||||
Jan.31 | Balance c/d | 960 |
|
||||||
|
|
||||||||
1,200 |
1,200
|
||||||||
Feb.01 | Balance b/d | 960 |
|
Input CGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.08 Jan.13 Jan.17 Jan. 22 Jan.27 |
Cash Cash Mehfil Mart Bank Bank |
480
1,200 600 120 300 |
Jan.31 | Balance c/d | 2,700 | ||||
|
|
||||||||
2,700 | 2,700 | ||||||||
Feb.01 | Balance b/d |
2,700
|
Output CGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d |
870
|
Jan.05 | Cash |
300
|
||||
|
Jan.25 | Cash |
540
|
||||||
|
Jan.31 | Cash |
30
|
||||||
|
|
||||||||
870
|
870
|
||||||||
|
Feb.01 | Balance b/d |
870
|
Input SGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.08 | Cash |
480
|
Jan.31 | Balance c/d | 2,700 | ||||
Jan.13 Jan.17 Jan.22 |
Cash Mehfil Mart Bank |
1,200
600 120 |
|||||||
Jan.27 |
Bank |
300
|
|||||||
2,700 |
2,700
|
||||||||
Feb.01 | Balance b/d |
2,700
|
|
Output SGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018 |
|
2018 |
|
||||||
Jan.31 | Balance c/d | 870 | Jan.05 Jan.25 |
Cash Cash |
300
540 |
||||
Jan.31 | Cash |
30
|
|||||||
|
|||||||||
|
|
||||||||
870
|
870
|
||||||||
|
Feb.01 | Balance b/d |
870
|
Page No 9.35:
Question 4:
Pass Journal entries of M/s. Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:
|
|
|
||
2018 | ₹ | |||
April 1 | Commenced business with cash* | 1,50,000 | ||
April 2 | Opened a bank account with PNB* | 50,000 | ||
April 3 | Purchased furniture | 20,000 | ||
April 7 | Bought goods for cash from M/s. Rupa Traders, Delhi | 30,000 | ||
April 8 | Purchased goods from M/s. Hema Traders, Chandigarh | 42,000 | ||
April 10 | Cash sales | 30,000 | ||
April 14 | Sold goods on credit to M/s. Gupta Traders, Kolkata | 12,000 | ||
April 16 | Rent paid | 4,000 | ||
April 18 | Paid Electricity expenses* | 1,000 | ||
April 20 | Received cash from Gupta Traders* | 12,000 | ||
April 22 | Goods returned to Hema Traders | 2000 | ||
April 23 | Cash paid to Hema Traders* | 40,000 | ||
April 25 | Bought postage stamps* | 100 | ||
April 30 |
Paid salary to Mohan* |
4,000 |
||
Answer:
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(Rs)
|
Credit
Amount
(Rs)
|
|
2018
|
|
|
|
||
Apr 01
|
Cash A/c |
Dr.
|
1,50,000
|
|
|
|
To Capital A/c |
|
|
1,50,000
|
|
|
(Started business with cash) |
|
|
|
|
|
|
|
|
||
Apr 02
|
Bank A/c |
Dr.
|
50,000
|
|
|
|
To Cash A/c |
|
|
50,000
|
|
|
(Opened Bank A/c) |
|
|
|
|
|
|
|
|
||
Apr 03
|
Furniture A/c |
Dr.
|
20,000
|
|
|
|
Input CGST A/c |
Dr.
|
1,200
|
|
|
|
Input SGST A/c |
Dr.
|
1,200
|
|
|
|
To Cash A/c |
|
|
22,400
|
|
|
(Furniture purchased) |
|
|
|
|
|
|
|
|
||
Apr 07
|
Purchases A/c |
Dr.
|
30,000
|
|
|
|
Input CGST A/c |
Dr.
|
1,800
|
|
|
|
Input SGST A/c |
Dr.
|
1,800
|
|
|
|
To Cash A/c |
|
|
33,600
|
|
|
(Goods purchased) |
|
|
|
|
|
|
|
|
||
Apr 08
|
Purchases A/c |
Dr.
|
42,000
|
|
|
|
Input IGST A/c |
Dr.
|
5,040
|
|
|
|
To M/s Hema Traders A/c |
|
|
47,040
|
|
|
(Goods purchased) |
|
|
|
|
|
|
|
|
||
Apr 10
|
Cash A/c |
Dr.
|
33,600
|
|
|
|
To Sales A/c |
|
|
30,000
|
|
|
To Output CGST A/c |
|
|
1,800
|
|
|
To Output SGST A/c |
|
|
1,800
|
|
|
(Goods sold) |
|
|
|
|
|
|
|
|
||
Apr 14
|
M/s Gupta Traders A/c |
Dr.
|
13,440
|
|
|
|
To Sales A/c |
|
|
12,000
|
|
|
To Output IGST A/c |
|
|
1,440
|
|
|
(Goods sold) |
|
|
|
|
|
|
|
|
||
Apr 16
|
Rent A/c |
Dr.
|
4,000
|
|
|
|
Input CGST A/c |
Dr.
|
240
|
|
|
|
Input SGST A/c |
Dr.
|
240
|
|
|
|
To Cash A/c |
|
|
4,480
|
|
|
(Rent paid) |
|
|
|
|
|
|
|
|
||
Apr 18
|
Electricity Expenses A/c |
Dr.
|
1,000
|
|
|
|
To Cash A/c |
|
|
1,000
|
|
|
(Paid electricity expenses) |
|
|
|
|
|
|
|
|
||
Apr 20
|
Cash A/c |
Dr.
|
12,000
|
|
|
|
To Gupta Traders A/c |
|
|
12,000
|
|
|
(Cash received from Gupta Traders) |
|
|
|
|
|
|
|
|
||
Apr 22
|
Hema Traders A/c |
Dr.
|
2,240
|
|
|
|
To Purchases Return A/c |
|
|
2,000
|
|
|
To Input IGST A/c |
|
|
240
|
|
|
(Goods returned) |
|
|
|
|
|
|
|
|
||
Apr 23
|
Hema Traders A/c |
Dr.
|
40,000
|
|
|
|
To Cash A/c |
|
|
40,000
|
|
|
(Cash paid) |
|
|
|
|
|
|
|
|
||
Apr 25
|
Postage A/c |
Dr.
|
100
|
|
|
|
To Cash A/c |
|
|
100
|
|
|
(Bought postage stamps) |
|
|
|
|
|
|
|
|
||
Apr 30
|
Salary A/c |
Dr.
|
4,000
|
|
|
|
To Cash A/c |
|
|
4,000
|
|
|
(Paid salary) |
|
|
|
Cash Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 01 | Capital A/c |
1,50,000
|
Apr 02 | Bank A/c |
50,000
|
||||
Apr 10 | Sales A/c |
30,000
|
Apr 03 | Furniture A/c |
20,000
|
||||
Apr 10 | Output CGST A/c |
1,800
|
Apr 03 | Input CGST A/c |
1,200
|
||||
Apr 10 | Output SGST A/c |
1,800
|
Apr 03 | Input SGST A/c |
1,200
|
||||
Apr 20 | Gupta Traders A/c |
12,000
|
Apr 07 | Purchases A/c |
30,000
|
||||
|
Apr 07 | Input CGST A/c |
1,800
|
||||||
|
Apr 07 | Input SGST A/c |
1,800
|
||||||
|
Apr 16 | Rent A/c |
4,000
|
||||||
|
Apr 16 | Input CGST A/c |
240
|
||||||
|
Apr 16 | Input SGST A/c |
240
|
||||||
|
Apr 18 | Electricity Expenses A/c |
1,000
|
||||||
|
Apr 23 | Hema Traders A/c |
40,000
|
||||||
|
Apr 25 | Postage A/c |
100
|
||||||
|
Apr 30 | Salary A/c |
4,000
|
||||||
|
Apr 30 | Balance c/d |
40,020
|
||||||
1,95,600
|
1,95,600
|
||||||||
Capital Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 01 | Cash A/c |
1,50,000
|
Apr 30 | Balance c/d |
1,50,000
|
||||
|
|
||||||||
1,50,000
|
1,50,000
|
||||||||
Bank Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 02 | Cash A/c |
50,000
|
Apr 30 | Balance c/d |
50,000
|
||||
|
|
||||||||
50,000
|
50,000
|
||||||||
Furniture Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 03 | Cash A/c |
20,000
|
Apr 30 | Balance c/d |
20,000
|
||||
|
|
||||||||
20,000
|
20,000
|
||||||||
Input CGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 03 | Cash A/c |
1,200
|
Apr 30 | Balance c/d |
3,240
|
||||
Apr 07 | Cash A/c |
1,800
|
|
||||||
Apr 16 | Cash A/c |
240
|
|
||||||
3,240
|
3,240
|
||||||||
Input SGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 03 | Cash A/c |
1,200
|
Apr 30 | Balance c/d |
3,240
|
||||
Apr 07 | Cash A/c |
1,800
|
|
||||||
Apr 16 | Cash A/c |
240
|
|
||||||
3,240
|
3,240
|
||||||||
Purchases Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 07 | Cash A/c |
30,000
|
Apr 30 | Balance c/d |
72,000
|
||||
Apr 08 | M/s Hema Traders A/c |
42,000
|
|
||||||
|
|
||||||||
72,000
|
72,000
|
||||||||
Hema Traders Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 22 | Purchases Return A/c |
2,000
|
Apr 08 | Purchases |
42,000
|
||||
Apr 22 | Input IGST A/c |
240
|
Apr 08 | Input IGST |
5,040
|
||||
Apr 23 | Cash A/c |
40,000
|
|
||||||
Apr 30 | Balance c/d |
4,800
|
|
||||||
47,040
|
47,040
|
||||||||
Sales Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Balance c/d |
42,000
|
Apr 10 | Cash A/c |
30,000
|
||||
|
Apr 14 | Gupta Traders A/c |
12,000
|
||||||
|
|
||||||||
42,000
|
42,000
|
||||||||
Output CGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Balance c/d |
1,800
|
Apr 10 | Cash A/c |
1,800
|
||||
|
|
||||||||
1,800
|
1,800
|
||||||||
Output SGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Balance c/d |
1,800
|
Apr 10 | Cash A/c |
1,800
|
||||
|
|
||||||||
1,800
|
1,800
|
||||||||
Input IGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 08 | Hema Traders A/c |
5,040
|
Apr 22 | Hema Traders A/c |
240
|
||||
|
Apr 30 | Balance c/d |
4,800
|
||||||
|
|
||||||||
5,040
|
5,040
|
||||||||
Output IGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Balance c/d |
1,440
|
Apr 14 | Gupta Traders A/c |
1,440
|
||||
|
|
||||||||
1,440
|
1,440
|
||||||||
Gupta Traders Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 14 | Sales A/c |
12,000
|
Apr 20 | Cash A/c |
12,000
|
||||
Apr 14 | Output IGST A/c |
1,440
|
Apr 30 | Balance c/d |
1,440
|
||||
|
|
||||||||
13,440
|
13,440
|
||||||||
Rent Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 16 | Cash A/c |
4,000
|
Apr 30 | Balance c/d |
4,000
|
||||
|
|
||||||||
4,000
|
4,000
|
||||||||
Electricity Expenses Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 18 | Cash A/c |
1,000
|
Apr 30 | Balance c/d |
1,000
|
||||
|
|
||||||||
1,000
|
1,000
|
||||||||
Purchases Return Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Balance c/d |
2,000
|
Apr 22 | Hema Traders A/c |
2,000
|
||||
|
|
||||||||
2,000
|
2,000
|
||||||||
Postage Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 25 | Cash A/c |
100
|
Apr 30 | Balance c/d |
100
|
||||
|
|
||||||||
100
|
100
|
||||||||
Salary Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
Apr 30 | Cash A/c |
4,000
|
Apr 30 | Balance c/d |
4,000
|
||||
|
|
||||||||
4,000
|
4,000
|
||||||||
Page No 9.36:
Question 5:
Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and post them to the Ledger:
2018 | ₹ | |
March 1 | Started business with cash* | 2,00,000 |
March 2 | Opened bank account with SBI* | 80,000 |
March 4 | Goods purchased from Raj, Jaipur (Rajasthan) | 22,000 |
March 5 | Goods purchased for cash | 30,000 |
March 8 | Goods sold to Naman, Delhi | 12,000 |
March 10 | Cash paid to Raj* | 22,000 |
March 15 | Cash received from Naman* | 11,700 |
Discount allowed* | 300 | |
March 16 | Paid wages* | 200 |
March 18 | Furniture purchased for office use | 5,000 |
March 20 | Withdrawn from bank for personal use* | 4,000 |
March 22 | Issued cheque for rent | 3,000 |
March 23 | Goods taken for household purpose. These goods were purchased from Raj | 2,000 |
March 24 | Drawn cash from bank for office use* | 6,000 |
March 26 | Commission received | 1,000 |
March 27 | Bank charges | 300 |
March 28 | Cheque issued for insurance premium of Proprietor* | 3,000 |
March 29 | Paid salary* | 10,000 |
March 30 | Cash sales | 20,000 |
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Answer:
Books of M/s Gupta Brothers
|
|||||
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit Amount
(Rs)
|
Credit
Amount
(Rs)
|
|
2018
|
|
|
|
|
|
Mar.01
|
Cash A/c
|
Dr.
|
|
2,00,000
|
|
|
To Capital A/c
|
|
|
2,00,000
|
|
|
(Started business with Cash)
|
|
|
|
|
|
|
|
|
|
|
Mar.02
|
Bank A/c
|
Dr.
|
|
80,000
|
|
|
To Cash A/c
|
|
|
80,000
|
|
|
(Opened Bank account with SBI)
|
|
|
|
|
|
|
|
|
|
|
Mar.04
|
Purchases A/c
Input IGST A/c |
Dr.
Dr. |
|
22,000
2,640 |
|
|
To Raj
|
|
|
24,640
|
|
|
(Purchased goods on credit @ 12% IGST)
|
|
|
|
|
|
|
|
|
|
|
Mar.05
|
Purchases A/c
Input CGST A/c Input SGST A/c |
Dr.
Dr. Dr. |
|
30,000
1,800 1,800 |
|
|
To Cash A/c
|
|
|
33,600
|
|
|
(Purchased goods in cash @ 6% CGST and SGST)
|
|
|
|
|
|
|
|
|
|
|
Mar.08
|
Naman A/c
|
Dr.
|
|
13,440
|
|
|
To Sales A/c
To Output CGST A/c To Output SGST A/c |
|
|
12,000
720 720 |
|
|
(Sold good to on credit @ 6% CGST and SGST)
|
|
|
|
|
|
|
|
|
|
|
Mar.10
|
Raj
|
Dr.
|
|
22,000
|
|
|
To Cash A/c
|
|
|
22,000
|
|
|
(Cash Paid to Raj)
|
|
|
|
|
|
|
|
|
|
|
Mar.15
|
Cash A/c
|
Dr.
|
|
11,700
|
|
|
Discount Allowed A/c
|
Dr.
|
|
300
|
|
|
To Naman
|
|
|
12,000
|
|
|
(Cash received from Naman and discount allowed)
|
|
|
|
|
|
|
|
|
|
|
Mar.16
|
Wages A/c
|
Dr.
|
|
200
|
|
|
To Cash
|
|
|
200
|
|
|
(Paid Wages)
|
|
|
|
|
|
|
|
|
|
|
Mar.18
|
Furniture A/c
Input CGST A/c Input SGST A/c |
Dr.
Dr. Dr. |
|
5,000
300 300 |
|
|
To Cash
|
|
|
5,600
|
|
|
(Purchased furniture in cash @ 6% CGST and SGST)
|
|
|
|
|
|
|
|
|
|
|
Mar.20
|
Drawings A/c
|
Dr.
|
|
4,000
|
|
|
To Bank A/c
|
|
|
4,000
|
|
|
(Withdrawn from bank for personal use)
|
|
|
|
|
|
|
|
|
|
|
Mar.22
|
Rent A/c
Input CGST A/c Input SGST A/c |
Dr.
Dr. Dr. |
|
3,000
180 180 |
|
|
To Bank A/c
|
|
|
3,360
|
|
|
(Paid Rent through cheque with 6% CGST and SGST)
|
|
|
|
|
|
|
|
|
|
|
Mar.23
|
Drawings A/c
|
Dr.
|
|
2,240
|
|
|
To Purchases A/c
To Input IGST A/c |
|
|
2,000
240 |
|
|
(Goods taken for personal use and IGST reversed)
|
|
|
|
|
|
|
|
|
|
|
Mar.24
|
Cash A/c
|
Dr.
|
|
6,000
|
|
|
To Bank
|
|
|
6,000
|
|
|
(Cash withdrawn from bank)
|
|
|
|
|
|
|
|
|
|
|
Mar.26
|
Cash A/c
|
Dr.
|
|
1,120
|
|
|
To Commission A/c
To Output CGST A/c To Output SGST A/c |
|
|
1,000
60 60 |
|
|
(Cash received for commission plus CGST and SGST @ 6% each)
|
|
|
|
|
|
|
|
|
|
|
Mar.27
|
Bank Charges A/c
Input CGST A/c Input SGST A/c |
Dr.
Dr. Dr. |
|
300
18 18 |
|
|
To Bank A/c
|
|
|
336
|
|
|
(Bank Charges debited plus CGST and SGST @ 6% each)
|
|
|
|
|
|
|
|
|
|
|
Mar.28
|
Drawings A/c
|
Dr.
|
|
3,000
|
|
|
To Bank
|
|
|
3,000
|
|
|
(Amount withdrawn to pay Insurance Premium of proprietor)
|
|
|
|
|
|
|
|
|
|
|
Mar.29
|
Salary A/c
|
Dr.
|
|
10,000
|
|
|
To Cash A/c
|
|
|
10,000
|
|
|
(Paid Salary)
|
|
|
|
|
|
|
|
|
|
|
Mar.30
|
Cash A/c
|
Dr.
|
|
20,000
|
|
|
To Sales A/c
To Output CGST A/c To Output SGST A/c |
|
|
20,000
1,200 1,200 |
|
|
(Sold goods for Cash plus CGST and SGST @6% each)
|
|
|
|
|
|
|
|
|
|
Ledger
|
|||||||||
Cash Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.01
|
Capital
|
|
2,00,000
|
Mar.02
|
Bank
|
|
80,000
|
||
Mar.15
Mar.24 Mar.26 |
Naman
Bank Commission |
|
11,700
6,000 1,000 |
Mar.05
Mar.05 Mar.05 |
Purchases
Input CGST Input SGST |
|
30,000
1,800 1,800 |
||
Mar.26
Mar.26 |
Output CGST
Output SGST |
|
60
60 |
Mar.10
Mar.16 |
Raj
Wages |
|
22,000
200 |
||
Mar.30
Mar.30 |
Sales
Output CGST |
|
20,000
1,200 |
Mar.18
Mar.18 |
Furniture
Input CGST |
|
5,000
300 |
||
Mar.30
|
Output SGST
|
|
1,200
|
Mar.18
Mar.29 Mar.31 |
Input SGST
Salary Balance c/d |
|
300
10,000 89,820 |
||
|
|
|
|
|
|
|
|
||
|
|
|
2,41,220
|
|
|
|
2,41,220
|
||
|
|
|
|
|
|
|
|
||
Bank Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.02
|
Cash
|
|
80,000
|
Mar.20
|
Drawings
|
|
4,000
|
||
|
|
|
|
Mar.22
Mar.22 Mar.22 |
Rent
Input CGST Input SGST |
|
3,000
180 180 |
||
|
|
|
|
Mar.24
|
Cash
|
|
6,000
|
||
|
|
|
|
Mar.27
Mar.27 Mar.27 |
Bank Charges
Input CGST Input SGST |
|
300
18 18 |
||
|
|
|
|
Mar.28
|
Drawings
|
|
3,000
|
||
|
|
|
|
Mar.31
|
Balance C/d
|
|
63,304
|
||
|
|
|
80,000
|
|
|
|
80,000
|
||
|
|
|
|
|
|
|
|
||
Capital Account
|
|
|||||||||
Dr.
|
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
|
||
2018
|
|
|
|
2018
|
|
|
|
|
||
Mar.31
|
Balance c/d
|
|
2,00,000
|
Mar.01
|
Cash
|
|
2,00,000
|
|
||
|
|
|
2,00,000
|
|
|
|
2,00,000
|
|
||
|
|
|
|
|
|
|
|
|
||
Purchases Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.04
|
Raj
|
|
22,000
|
Mar.23
|
Drawings
|
|
2,000
|
||
Mar.05
|
Cash
|
|
30,000
|
Mar.31
|
Balance c/d
|
|
50,000
|
||
|
|
|
52,000
|
|
|
|
52,000
|
||
|
|
|
|
|
|
|
|
||
Raj Account
|
|
|||||||||
Dr.
|
|
Cr.
|
||||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
|||
2018
|
|
|
|
2018
|
|
|
|
|||
Mar.10
Mar.31 |
Cash
Balance c/d |
|
22,000
2,640 |
Mar.04
Mar.04 |
Purchase
Input IGST |
|
22,000
2,640 |
|||
|
|
|
24,640
|
|
|
|
24,640
|
|||
|
|
|
|
|
|
|
|
|||
Sales Account
|
|
|||||||||
Dr.
|
|
Cr.
|
||||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
|||
2018
|
|
|
|
2018
|
|
|
|
|||
|
|
|
|
Mar.08
|
Naman
|
|
12,000
|
|||
Mar.31
|
Balance c/d
|
|
32,000
|
Mar.30
|
Cash
|
|
20,000
|
|||
|
|
|
32,000
|
|
|
|
32,000
|
|||
|
|
|
|
|
|
|
|
|||
Naman
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.08
Mar.08 Mar.08 |
Sales
Output CGST Output SGST |
|
12,000
720 720 |
Mar.15
Mar.15 |
Cash
Discount Allowed |
|
11,700
300 |
||
|
|
|
|
Mar.31
|
Balance c/d
|
|
1,440
|
||
|
|
|
13,440
|
|
|
|
13,440
|
||
|
|
|
|
|
|
|
|
||
Discount Allowed Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.15
|
Naman
|
|
300
|
Mar.31
|
Balance c/d
|
|
300
|
||
|
|
|
300
|
|
|
|
300
|
||
|
|
|
|
|
|
|
|
Wages Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.16
|
Cash
|
|
200
|
Mar.31
|
Balance c/d
|
|
200
|
||
|
|
|
200
|
|
|
|
200
|
||
|
|
|
|
|
|
|
|
||
Furniture Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.18
|
Cash
|
|
5,000
|
Mar.31
|
Balance c/d
|
|
5,000
|
||
|
|
|
5,000
|
|
|
|
5,000
|
||
|
|
|
|
|
|
|
|
||
Drawings Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.20
|
Bank
|
|
4,000
|
|
|
|
|
||
Mar.23
Mar.23 Mar.28 |
Purchases A/c
Input IGST Bank |
|
2,000
240 3,000 |
Mar.31
|
Balance c/d
|
|
9,240
|
||
|
|
|
9,240
|
|
|
|
9,240
|
||
|
|
|
|
|
|
|
|
||
Commission Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.31
|
Balance c/d
|
|
1,000
|
Mar.26
|
Cash
|
|
1,000
|
||
|
|
|
1,000
|
|
|
|
1,000
|
||
|
|
|
|
|
|
|
|
||
Bank Charges Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.22
|
Bank A/c
|
|
300
|
Mar.31
|
Balance c/d
|
|
300
|
||
|
|
|
300
|
|
|
|
300
|
||
|
|
|
|
|
|
|
|
||
Rent Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.22
|
Bank
|
|
3,000
|
Mar.22
|
Balance c/d
|
|
3,000
|
||
|
|
|
3,000
|
|
|
|
3,000
|
||
|
|
|
|
|
|
|
|
||
Salary Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
L.F.
|
Amount
(Rs)
|
||
2018
|
|
|
|
2018
|
|
|
|
||
Mar.29
|
Cash
|
|
10,000
|
Mar.31
|
Balance c/d
|
|
10,000
|
||
|
|
|
10,000
|
|
|
|
10,000
|
||
|
|
|
|
|
|
|
|
||
Input IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Mar.04 |
Raj |
|
2,640 |
Mar.23 |
Drawings |
|
240 |
||
Mar.31 | Balance c/d | 2,400 | |||||||
|
|
|
|
||||||
2,640 |
|
|
|
2,640 |
|||||
|
|
|
|||||||
Input CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Mar.05 |
Cash |
|
1,800 |
Mar.31 | Balance c/d | 2,298 | |||
|
|
|
|
|
|
|
|
||
|
|
|
2,298 |
|
|
2,298 | |||
|
|
|
|||||||
Output CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Mar.31 |
Balance c/d |
|
1,980 |
Mar.08 |
Naman |
|
720 |
||
|
|
|
|
Mar.26 |
Cash |
|
60 |
||
|
|
|
|
Mar.30 |
Cash |
|
1,200 |
||
|
|
|
|
|
|
|
|
||
|
|
|
1,980 |
|
|
|
1,980 |
||
|
|
|
|
||||||
Input SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Mar.05 |
Cash |
|
1,800 |
Mar.31 | Balance c/d | 2,298 | |||
Mar.18 |
Cash |
|
300 |
||||||
|
|
||||||||
2,298 |
|
|
2,298 |
||||||
|
|
|
|
||||||
Output SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Mar.31 | Balance c/d | 1,980 |
Mar.08 |
Naman |
|
720 |
|||
Mar.30 |
Cash |
|
1,200 |
||||||
|
|
|
|
||||||
|
|
|
|
|
|
|
|
||
|
|
|
1,980 |
|
|
|
1,980 |
||
|
|
|
|
||||||
Page No 9.36:
Question 6:
Following balances appeared in the books of Ashok, Delhi on 1st April, 2018:
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors–Ram ₹ 50,000; Machinery ₹ 60,000.
Liabilities: Creditor – Rajesh ₹ 30,000.
The following transactions took place in April, 2018:
2018 | ₹ | |
April 4 | Sold goods for cash | 7,000 |
April 6 | Goods returned by Ram, Delhi | 1,000 |
April 10 | Purchased goods from Rajesh, Jaipur (Rajasthan) of list price ₹ 10,000 for | 9,000 |
April 15 | Bought goods at list price of ₹ 15,000 from Rakesh, Kolkata less 10% trade | |
discount and 5% cash discount and paid 40% price immediately | ||
April 20 | Paid to Rajesh in full settlement of his account* | 38,600 |
April 25 | Paid for the life insurance premium of the proprietor* | 500 |
April 30 | Received for commission | 2,000 |
CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @12% on inter-state transactions. Transactions marked (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance on 30th April, 2018.
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
2018 |
|
|
|
|
|
April 01 |
Cash A/c |
Dr. |
|
50,000 |
|
|
Stock A/c |
Dr. |
|
30,000 |
|
|
Ram |
Dr. |
|
50,000 |
|
|
Machinery A/c |
Dr. |
|
60,000 |
|
|
To Rajesh |
|
|
30,000 |
|
|
To Capital A/c (Balancing Figure) |
|
|
1,60,000 |
|
|
(Balance Brought forward) |
|
|
|
|
|
|
|
|
|
|
April 04 |
Cash A/c |
Dr. |
|
7,840 |
|
|
To Sales A/c |
|
|
7,000 |
|
|
(Sold Goods for Cash plus CGST and SGST @ 6% each) |
|
|
|
|
|
|
|
|
|
|
April 06 |
Sales Return A/c |
Dr. |
|
1,000 |
|
|
To Ram |
|
|
1,120 |
|
|
(Goods returned and GST reversed) |
|
|
|
|
|
|
|
|
|
|
April 10 |
Purchases A/c |
Dr. |
|
9,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April 15 |
Purchases A/c |
Dr. |
|
13,500 |
|
|
To Rakesh |
|
|
8,100 |
|
|
To Cash (5,130+1,620) |
|
|
6,750 |
|
|
To Discount Received A/c (5% Net of GST) |
|
|
270 |
|
|
(Bought goods from Rakesh, 40% of price paid |
|
|
|
|
|
immediately and availed 5% cash discount on payment) |
|
|
|
|
|
|
|
|
|
|
April 20 |
Rajesh A/c |
Dr. |
|
40,080 |
|
|
To Cash A/c |
|
|
38,600 |
|
|
To Discount Received |
|
|
1,480 |
|
|
(Paid to Rajesh and discount received) |
|
|
|
|
|
|
|
|
|
|
April 25 |
Drawings A/c |
Dr. |
|
500 |
|
|
To Cash A/c |
|
|
500 |
|
|
(Paid Life Insurance Premium of Proprietor) |
|
|
|
|
|
|
|
|
|
|
April 30 |
Cash A/c |
Dr. |
|
2,240 |
|
|
To Commission A/c |
|
|
2,000 |
|
|
(Received Commission plus CGST and SGST @ 6% each) |
|
|
|
Cash Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
50,000 |
April 15 |
Purchases |
|
5,130 |
||
April 04 |
Output CGST |
|
420 |
April 20 |
Rajesh |
|
38,600 |
||
April 30 |
Output CGST |
|
120 |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
60,080 |
|
|
|
60,080 |
||
|
|
|
|
|
|
|
|
||
Capital Account |
|||||||
Dr. |
Cr. |
||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2018 |
|
|
|
2018 |
|
|
|
April 30 |
Balance c/d |
|
1,60,000 |
April 01 |
Balance b/d |
|
1,60,000 |
|
|
|
1,60,000 |
|
|
|
1,60,000 |
|
|
|
|
|
|
|
|
Rakesh |
|||||||
Dr. |
|
|
|
|
|
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2018 |
|
|
|
2018 |
|
|
|
Apr.30 |
Balance c/d |
|
8,100 |
Apr.15
|
Purchases |
|
8,100 |
|
|
|
8,100 |
|
|
|
8,100 |
|
|
|
|
|
|
|
|
Stock Account |
|
|||||||||
Dr. |
|
Cr. |
||||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|||
2018 |
|
|
|
2018 |
|
|
|
|||
April 01 |
Balance b/d |
|
30,000 |
April 30 |
Balance c/d |
|
30,000 |
|||
|
|
|
30,000 |
|
|
|
30,000 |
|||
|
|
|
|
|
|
|
|
|||
Ram |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
50,000 |
April 06 |
Sales Return |
|
1,000 |
||
|
|
|
|
April 30 |
Balance c/d |
|
48,880 |
||
|
|
|
50,000 |
|
|
|
50,000 |
||
|
|
|
|
|
|
|
|
||
Machinery Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
60,000 |
April 30 |
Balance c/d |
|
60,000 |
||
|
|
|
60,000 |
|
|
|
60,000 |
||
|
|
|
|
|
|
|
|
||
Rajesh Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 20 |
Cash |
|
38,600 |
April 01 |
Balance b/d |
|
30,000 |
||
April 20 |
Discount Received |
|
|
April 10 |
Purchases |
|
9,000 |
||
|
|
|
40,080 |
|
|
|
40,080 |
||
|
|
|
|
|
|
|
|
||
Sales Return Account |
|
|||||||||
Dr. |
|
Cr. |
||||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|||
2018 |
|
|
|
2018 |
|
|
|
|||
April 06 |
Ram |
|
1,000 |
April 30 |
Balance c/d |
|
1,000 |
|||
|
|
|
1,000 |
|
|
|
1,000 |
|||
|
|
|
|
|
|
|
|
|||
Drawings Account |
|
|||||||||
Dr. |
|
Cr. |
||||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|||
2018 |
|
|
|
2018 |
|
|
|
|||
April 25 |
Cash |
|
500 |
April 30 |
Balance c/d |
|
500 |
|||
|
|
|
500 |
|
|
|
500 |
|||
|
|
|
|
|
|
|
|
|||
Commission Account |
|
|||||||||
Dr. |
|
Cr. |
||||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|||
2018 |
|
|
|
2018 |
|
|
|
|||
April 30 |
Balance c/d |
|
2,000 |
April 30 |
Cash |
|
2,000 |
|||
|
|
|
2,000 |
|
|
|
2,000 |
|||
|
|
|
|
|
|
|
|
|||
Discount Received |
|
|||||||||
Dr. |
|
Cr. |
||||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|||
2018 |
|
|
|
2018 |
|
|
|
|||
|
|
|
|
April 15 |
Purchases |
|
270 |
|||
April 30 |
Balance c/d |
|
1,750 |
April 20 |
Rajesh |
|
1,480 |
|||
|
|
|
1,750 |
|
|
1,750 |
||||
|
|
|
|
|
|
|
|
|||
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 10 |
Rajesh |
|
9,000 |
April 30 |
Balance c/d |
|
22,500 |
||
April 15 |
Rakesh |
|
8,100 |
|
|
|
|
||
April 15 |
Cash A/c |
|
5,130 |
|
|
|
|
||
April 15 |
Discount Received A/c |
|
270 |
|
|
|
|
||
|
|
|
22,500 |
|
|
|
22,500 |
||
|
|
|
|
|
|
|
|
||
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 |
Balance c/d |
|
7,000 |
April 04 |
Cash A/c |
|
7,000 |
||
|
|
|
7,000 |
|
|
|
7,000 |
||
|
|
|
|
|
|
|
|
Input IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.10 |
Rajesh |
|
1,080 |
Apr.30 | Balance c/d | 3,348 | |||
Apr.15 |
Cash |
|
1,620 |
||||||
|
|
|
|
||||||
3,348 |
|
|
|
3,348 |
|||||
|
|
|
|||||||
Output CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.06 |
Ram |
|
60 |
Apr.30 |
Cash |
|
120 |
||
|
|
|
|
|
|
|
|
||
|
|
|
120 |
|
|
|
120 |
||
|
|
|
|
||||||
Output SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.06 Apr.30 |
Ram Balance c/d |
60 60 |
Apr.30 |
Cash |
|
120 |
|||
|
|
|
|
|
|
|
|
||
|
|
|
120 |
|
|
|
120 |
||
|
|
|
|
||||||
Page No 9.36:
Question 7:
On 1st April, 2018, the following were Ledger balances of M/s. Ram & Co., Delhi: Cash in Hand ₹ 300; Cash at Bank ₹ 7,000; Bills Payable ₹ 1,000; Zahir (Dr.) ₹ 800; Stock ₹ 4,000; Gobind (Cr.) ₹ 2,000; Sharma (Dr.) ₹ 1,500; Rahul (Cr.) ₹ 900; Capital ₹ 9,700. Transactions during the month of April, 2018 were:
|
|
|
||
2018 |
|
₹ |
||
April 2 | Bought goods from Gobind, Delhi | 900 | ||
April 3 | Sold goods to Sharma, Kanpur | 1,000 | ||
April 5 | Bought goods from Rahul, Delhi | 1,200 | ||
April 8 | Sold goods to Zahir, Kolkata | 500 | ||
April 15 | Paid Gobind by cheque* | 1,500 | ||
April 18 | Received from a cheque of | 2,000 | ||
Allowed him discount* | 50 | |||
April 20 | Sold goods to Sharma, Kanpur | 800 | ||
April 20 | Paid rent by cheque | 200 | ||
April 25 | Sold goods to Zahir, Kolkata | 1,000 | ||
April 30 |
Paid salaries in cash* |
300 |
||
Post the above transactions to the Ledger and prepare the Trial Balance on 30th April,2018.
Answer:
Cash in Hand Account
|
|||||||||
Dr. |
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
300
|
Apr 30 | Salaries |
300
|
||||
|
|
||||||||
300
|
300
|
||||||||
Cash at Bank Account
|
|||||||||
Dr. |
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
7,000
|
Apr 15 | Gobind A/c |
1,500
|
||||
Apr 18 | Sharma A/c |
2,000
|
Apr 20 | Rent A/c |
200
|
||||
|
Apr 20 | Input CGST A/c |
12
|
||||||
|
Apr 20 | Input SGST A/c |
12
|
||||||
|
Apr 30 | Balance c/d |
7,276
|
||||||
9,000
|
9,000
|
||||||||
Bills Payable Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 30 | Balance c/d |
1,000
|
Apr 01 | Balance b/d |
1,000
|
||||
|
|
||||||||
1,000
|
1,000
|
||||||||
Zahir Account
|
|||||||||
Dr. |
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
800
|
Apr 30 | Balance c/d |
2,480
|
||||
Apr 08 | Sales A/c |
500
|
|
||||||
Apr 08 | Output IGST A/c |
60
|
|
||||||
Apr 25 | Sales A/c |
1,000
|
|
||||||
Apr 25 | Output IGST A/c |
120
|
|
||||||
2,480
|
2,480
|
||||||||
Stock Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
4,000
|
Apr 30 | Balance c/d |
4,000
|
||||
|
|
||||||||
4,000
|
4,000
|
||||||||
Gobind Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 15 | Bank A/c |
1,500
|
Apr 01 | Balance b/d |
2,000
|
||||
Apr 30 | Balance c/d |
1,508
|
Apr 02 | Purchases A/c |
900
|
||||
|
Apr 02 | Input CGST A/c |
54
|
||||||
|
Apr 02 | Input CGST A/c |
54
|
||||||
|
|
||||||||
3,008
|
3,008
|
||||||||
Sharma Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
1,500
|
Apr 18 | Bank A/c |
2,000
|
||||
Apr 03 | Sales A/c |
1,000
|
Apr 18 | Discount Allowed A/c |
50
|
||||
Apr 03 | Output IGST A/c |
120
|
Apr 30 | Balance c/d |
1,466
|
||||
Apr 20 | Sales A/c |
800
|
|
||||||
Apr 20 | Output IGST A/c |
96
|
|
||||||
|
|
||||||||
3,516
|
3,516
|
||||||||
Rahul Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Balance c/d |
2,244
|
Apr 01 | Balance b/d |
900
|
|||||
|
Apr 05 | Purchases A/c |
1,200
|
||||||
|
Apr 05 | Input CGST A/c |
72
|
||||||
|
Apr 05 | Input CGST A/c |
72
|
||||||
2,244
|
2,244
|
||||||||
Capital Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 01 | Balance b/d |
9,700
|
Apr 30 | Balance c/d |
9,700
|
||||
|
|
||||||||
9,700
|
9,700
|
||||||||
Purchases Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 02 | Gobind A/c |
900
|
Apr 30 | Balance c/d |
2,100
|
||||
Apr 05 | Rahul A/c |
1,200
|
|
||||||
|
|
||||||||
2,100
|
2,100
|
||||||||
Input CGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 02 | Gobind A/c |
54
|
Apr 30 | Balance c/d |
138
|
||||
Apr 05 | Rahul A/c |
72
|
|
||||||
Apr 20 | Bank A/c |
12
|
|
||||||
138
|
138
|
||||||||
Input SGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 02 | Gobind A/c |
54
|
Apr 30 | Balance c/d |
138
|
||||
Apr 05 | Rahul A/c |
72
|
|
||||||
Apr 20 | Bank A/c |
12
|
|
||||||
138
|
138
|
||||||||
Sales Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 30 | Balance c/d |
3,300
|
Apr 03 | Sharma A/c |
1,000
|
||||
|
Apr 08 | Zahir A/c |
500
|
||||||
|
Apr 20 | Sharma A/c |
800
|
||||||
|
Apr 25 | Zahir A/c |
1,000
|
||||||
3,300
|
3,300
|
||||||||
Output IGST Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 30 | Balance c/d |
396
|
Apr 03 | Sharma A/c |
120
|
||||
|
Apr 08 | Zahir A/c |
60
|
||||||
|
Apr 20 | Sharma A/c |
96
|
||||||
|
Apr 25 | Zahir A/c |
120
|
||||||
396
|
396
|
||||||||
Discount Allowed Account
|
|||||||||
Dr.
|
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 18 | Sharma A/c |
50
|
Apr 30 | Balance c/d |
50
|
||||
|
|
||||||||
50
|
50
|
||||||||
Rent Account
|
|||||||||
Dr. |
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 20 | Bank A/c |
200
|
Apr 30 | Balance c/d |
200
|
||||
|
|
||||||||
200
|
200
|
||||||||
Salary Account
|
|||||||||
Dr. |
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
Apr 30 | Cash A/c |
300
|
Apr 30 | Balance c/d |
300
|
||||
|
|
||||||||
300
|
300
|
||||||||
Trial Balance
as on Apr 30, 2018
|
|||
S.No.
|
List of Items
|
Debit Balances
|
Credit Balances
|
1
|
Bank |
7,276
|
|
2
|
Bills Payable |
|
1,000
|
3
|
Zahir |
2,480
|
|
4
|
Stock |
4,000
|
|
5
|
Gobind |
|
1,508
|
6
|
Sharma |
1,466
|
|
7
|
Rahul |
|
2,244
|
8
|
Capital |
|
9,700
|
9
|
Purchases |
2,100
|
|
10
|
Input CGST A/c |
138
|
|
11
|
Input SGST A/c |
138
|
|
12
|
Sales |
|
3,300
|
13
|
Output IGST A/c |
|
396
|
14
|
Discount Allowed |
50
|
|
15
|
Rent |
200
|
|
16
|
Salary |
300
|
|
|
Total |
18,148
|
18,148
|
Page No 9.37:
Question 8:
You are to open the books of Rajesh Prabhu, Gurugram (Haryana) a trader, through the Journal to record the assets and liabilities and then to record the daily transactions for the month of April, 2018. A Trial Balance is to be extracted as on 30th April, 2018:
2018 | |
April 1 | Assets: Premises ₹ 2,00,000; Delivery Van ₹ 50,000; Fixtures ₹ 5,000; Stock ₹ 75,000; Debtors: Hariharan ₹ 30,000; |
Rajhans ₹ 50,000; Cash at Bank ₹ 45,000; Cash in Hand ₹ 30,000 Liabilities: Creditors: Jawahar ₹ 1,00,000; Vikas ₹ 45,000; Telephone Expenses Payable ₹ 4,000; Output CGST– ₹ 240; Output SGST– ₹ 240; Electricity Expenses Payable ₹ 4,520; Salaries Payable ₹ 7,000. |
|
April 1 | Paid rent by cheque ₹ 5,000 |
April 2 | Goods purchased on credit from Prabhat, Delhi ₹ 15,000; Rajan, Delhi ₹ 8,000; Passi, Delhi ₹ 7,000 |
April 3 | Goods sold on credit to Rakesh, Gurugram ₹ 17,000; Devender, Delhi ₹ 25,000; Paid Telephone Bill, CGST and SGST by Cheque |
April 4 | Paid the bill of petrol expenses for Delivery Van ₹ 5,700* |
April 5 | Cash drawings by Rajesh Prabhu ₹ 4,000* |
April 7 | Paid salaries for the month of March, 2018 ₹ 7,000* |
April 9 | Cash sales ₹ 5,000 |
April 11 | Goods returned by Rakesh ₹ 5,000; Devender ₹ 1,000 |
April 12 | Received cheques from debtors: Hariharan ₹ 20,000; Rajhans ₹ 40,000* |
April 16 | Goods returned to Prabhat ₹ 4,000; Rajan ₹ 1,000 |
April 20 | Cheques issued to creditors: Jawahar ₹ 50,000; Vikas ₹ 10,000* |
April 22 | Received cheques from Hariharan ₹ 10,000; Rajhans ₹ 10,000; Rakesh ₹ 10,000; Devender ₹ 5,000; |
Cheques received from Rakesh and Devender are dated 25th May, 2018*. | |
April 24 | Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.* |
April 25 | Received cash from Devender in full settlement ₹ 21,000* |
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Answer:
April 01 |
Premises A/c |
Dr. |
|
2,00,000 |
|
|
Delivery Van A/c |
Dr. |
|
50,000 |
|
|
Fixtures A/c |
Dr. |
|
5,000 |
|
|
Stock A/c |
Dr. |
|
75,000 |
|
|
Hariharan |
Dr. |
|
30,000 |
|
|
Rajhans |
Dr. |
|
50,000 |
|
|
Bank A/c |
Dr. |
|
45,000 |
|
|
Cash A/c |
Dr. |
|
30,000 |
|
|
To Jawahar |
|
|
1,00,000 |
|
|
To Vikas |
|
|
45,000 |
|
|
To Telephone Expenses Payable A/c |
|
|
4,000 |
|
|
To Electricity Expenses Payable A/c |
|
|
4,520 |
|
|
To Capital A/c (Balancing Figure) |
|
|
3,24,000 |
|
|
(Balance forwarded from the last month) |
|
|
|
|
|
|
|
|
|
|
April 01 |
Rent A/c |
Dr. |
|
5,000 |
|
Input CGST A/c | Dr. | 300 | |||
Input SGST A/c | Dr. | 300 | |||
|
To Bank A/c |
|
|
5,600 |
|
|
(Rent paid by cheque plus 6% intra-state GST) |
|
|
|
|
|
|
|
|
|
|
April 02 |
Purchases A/c |
Dr. |
|
30,000 |
|
|
To Prabhat |
|
|
16,800 |
|
|
To Rajan |
|
|
8,960 |
|
|
To Passi |
|
|
7,840 |
|
|
(Goods purchased from Prabhat, Rajan and Passi @ 12% IGST) |
|
|
|
|
|
|
|
|
|
|
April 03 |
Rakesh |
Dr. |
|
19,040 |
|
|
Devender |
Dr. |
|
28,000 |
|
|
To Sales A/c |
|
|
42,000 |
|
|
To Output CGST A/c |
|
|
1,020 |
|
|
To Output SGST A/c |
|
|
1,020 |
|
|
(Sold goods to Rakesh of Gurum @ 6% CGST and SGST, Devender of Delhi @ 12% IGST) |
|
|
|
|
April 03 | Telephone Expenses Payable A/c | Dr. | 4,000 | ||
To Bank A/c | 4,000 | ||||
(Outstanding paid by cheque) | |||||
April 04 |
Delivery Van Expenses A/c |
Dr. |
|
5,700 |
|
|
To Cash A/c |
|
|
5,700 |
|
|
(Paid for petrol expenses of Delivery Van) |
|
|
|
|
|
|
|
|
|
|
April 05 |
Drawings A/c |
Dr. |
|
4,000 |
|
|
To Cash A/c |
|
|
4,000 |
|
|
(Cash drawn by proprietor for personal use) |
|
|
|
|
|
|
|
|
|
|
April 07 |
Salaries Payable A/c |
Dr. |
|
7,000 |
|
|
To Cash A/c |
|
|
7,000 |
|
|
(Outstanding paid by cheque) |
|
|
|
|
|
|
|
|
|
|
April 09 |
Cash A/c |
Dr. |
|
5,600 |
|
|
To Sales A/c |
|
|
5,000 |
|
|
(Goods Sold for Cash @ 6% CGST and SGST) |
|
|
|
|
|
|
|
|
|
|
April 11 |
Sales Return A/c |
Dr. |
|
6,000 |
|
|
To Rakesh |
|
|
5,600 |
|
|
To Devender |
|
|
1,120 |
|
|
(Goods returned by Rakesh of Gurugram and Dvender of Delhi; GST reversed) |
|
|
|
|
|
|
|
|
|
|
April 12 |
Bank A/c |
Dr. |
|
60,000 |
|
|
To Hariharan |
|
|
20,000 |
|
|
To Rajhans |
|
|
40,000 |
|
|
(Received Cheques from Hariharan and Rajhans) |
|
|
|
|
|
|
|
|
|
|
April 16 |
Prabhat |
Dr. |
|
4,480 |
|
|
Rajan |
Dr. |
|
1,120 |
|
|
To Purchases Return A/c |
|
|
5,000 |
|
|
(Goods returned to Prabhat and Rajan and GST reversed) |
|
|
|
|
|
|
|
|
|
|
April 20 |
Jawahar |
Dr. |
|
50,000 |
|
|
Vikas |
Dr. |
|
10,000 |
|
|
To Bank A/c |
|
|
60,000 |
|
|
(Cheques issued to Jawahar and Vikas) |
|
|
|
|
|
|
|
|
|
|
April 22 | Bank A/c | Dr. | 20,000 | ||
To Hariharan | 10,000 | ||||
To Rajhans | 10,000 | ||||
(Cheques received from debtors) | |||||
April 22 |
Cheques-in-hand A/c |
Dr. |
|
15,000 |
|
To Rakesh | 10,000 | ||||
|
To Devender |
|
|
5,000 |
|
|
(Received post dated cheques from Rakesh and Devender dated 25th May, 2018) |
|
|
||
|
|
|
|
|
|
April 24 |
Bank A/c |
Dr. |
|
14,873 |
|
|
Discounting Charges A/c |
Dr. |
|
127 |
|
|
To Cheques-in-hand A/c |
|
|
15,000 |
|
|
(Rakesh and Devender’s Cheque discounted with bank at interest of 10% p.a |
|
|
|
|
|
[15,000 × 10% × (31/365)]) |
|
|
|
|
|
|
|
|
|
|
April 25 |
Cash A/c |
Dr. |
|
21,000 |
|
|
Discount Allowed A/c |
Dr. |
|
880 |
|
|
To Devender |
|
|
21,880 |
|
|
(Cash Received from Devender and discount allowed) |
|
|
|
|
|
|
|
|
|
Cash Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
30,000 |
April 04 |
Delivery Van Exp. |
|
5,700 |
||
April 09 | Sales |
|
5,000 |
April 05 |
Drawings |
|
4,000 |
||
April 09 | Output CGST |
|
300 |
April 07 |
Salaries Payable |
|
7,000 |
||
April 09 | Output SGST | 300 | April 30 | Balance c/d | 39,900 | ||||
April 25 |
Devender |
|
21,000 |
|
|
|
|
||
|
|
|
56,600 |
|
|
56,600 |
|||
|
|
|
|
|
|
|
|
||
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
45,000 |
April 01 |
Rent |
|
5,000 |
||
April 12 |
Hari Haran |
|
20,000 |
April 01 |
Input CGST |
|
300 |
||
April 12 |
Rajhans |
|
40,000 |
April 01 |
Input SGST |
|
300 |
||
April 22 April 22 |
Hari Haran Rajhans |
10,000 10,000 |
April 03 | Telephone Expenses Payable |
4,000 |
||||
April 24 |
Cheques in Hand |
|
14,873 |
April 20 |
Jawahar |
|
50,000 |
||
|
|
|
|
April 20 |
Vikas |
|
10,000 |
||
|
|
|
|
April 30 |
Balance c/d |
|
70,273 |
||
|
|
|
1,39,873 |
|
|
|
1,39,873 |
||
|
|
|
|
|
|
|
|
||
Capital Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 |
Balance c/d |
|
3,24,000 |
April 01 |
Balance b/d |
|
3,24,000 |
||
|
|
|
3,24,000 |
|
|
|
3,24,000 |
||
|
|
|
|
|
|
|
|
||
Premises Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
2,00,000 |
April 30 |
Balance c/d |
|
2,00,000 |
||
|
|
|
2,00,000 |
|
|
|
2,00,000 |
||
|
|
|
|
|
|
|
|
||
Delivery Van Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
50,000 |
April 30 |
Balance c/d |
|
50,000 |
||
|
|
|
50,000 |
|
|
|
50,000 |
||
|
|
|
|
|
|
|
|
||
Fixtures Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
5,000 |
April 30 |
Balance c/d |
|
5,000 |
||
|
|
|
5,000 |
|
|
|
5,000 |
||
|
|
|
|
|
|
|
|
||
Stock Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
75,000 |
April 30 |
Balance c/d |
|
75,000 |
||
|
|
|
75,000 |
|
|
|
75,000 |
||
|
|
|
|
|
|
|
|
||
Hariharan |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
30,000 |
April 12 |
Bank |
|
20,000 |
||
|
|
|
|
April 22 |
Bank |
|
10,000 |
||
|
|
|
30,000 |
|
|
|
30,000 |
||
|
|
|
|
|
|
|
|
||
Rajhans |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Balance b/d |
|
50,000 |
April 12 |
Bank |
|
40,000 |
||
|
|
|
|
April 22 |
Bank |
|
10,000 |
||
|
|
|
50,000 |
|
|
|
50,000 |
||
|
|
|
|
|
|
|
|
||
Jawahar |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 20 |
Bank |
|
50,000 |
April 01 |
Balance b/d |
|
1,00,000 |
||
April 30 |
Balance c/d |
|
50,000 |
|
|
|
|
||
|
|
|
1,00,000 |
|
|
|
1,00,000 |
||
|
|
|
|
|
|
|
|
||
Vikas |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 20 |
Bank |
|
10,000 |
April 01 |
Balance b/d |
|
45,000 |
||
April 30 |
Balance c/d |
|
35,000 |
|
|
|
|
||
|
|
|
45,000 |
|
|
|
45,000 |
||
|
|
|
|
|
|
|
|
||
Telephone Expense Payable Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 03 |
Bank A/c |
|
4,000 |
April 01 |
Balance b/d |
|
4,000 |
||
|
|
|
4,000 |
|
|
|
4,000 |
||
|
|
|
|
|
|
|
|
||
Electricity Expenses Payable Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
L.F. |
Amount (Rs) |
Date |
Particulars |
L.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 |
Balance c/d |
|
4,520 |
April 01 |
Balance b/d |
|
4,520 |
||
|
|
|
4,520 |
|
|
|
4,520 |
||
|
|
|
|
|
|
|
|
||
Salaries Payable Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 07 |
Cash |
|
7,000 |
April 01 |
Balance b/d |
|
7,000 |
||
|
|
|
7,000 |
|
|
|
7,000 |
||
|
|
|
|
|
|
|
|
||
Output IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 11 | Devender | 120 |
April 03 |
Devender |
|
3,000 |
|||
April 30 | Balance c/d | 2,880 | |||||||
|
|
|
3,000 |
|
|
|
3,000 |
||
|
|
|
|
|
|
|
|
||
Output CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 11 | Rakesh | 300 | April 01 | Balance b/d | 240 | ||||
April 30 | Balance c/d | 1,260 | April 03 | Rakesh | 1,020 | ||||
April 09 | Cash | 300 | |||||||
|
|
|
|
|
|
|
|||
|
|
|
1,560 |
|
|
|
1,560 |
||
|
|
|
|
|
|
|
|
||
Output SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 11 | Rakesh | 300 | April 01 | Balance b/d | 240 | ||||
April 30 | Balance b/d | 1,260 | April 03 | Rakesh | 1,020 | ||||
|
|
|
April 09 |
Cash |
|
300 |
|||
|
|
|
1,560 |
|
|
|
1,560 |
||
|
|
|
|
|
|
|
|
||
Input IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 02 |
Prabhat |
|
1,800 |
April 16 |
Prabhat |
|
480 |
||
|
|
|
3,600 |
|
|
3,600 |
|||
|
|
|
|
|
|
|
|
||
Cheques in hand Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 22 | Rakesh | 10,000 | April 24 | Bank | 14,873 | ||||
April 22 |
Devender |
|
5,000 | April 24 |
Discounting Charges |
|
127 |
||
|
|
|
15,000 |
|
|
|
15,000 |
||
|
|
|
|
|
|
|
|
||
|
|||||||||
Dr. |
Prabhat |
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 16 April 16 |
Purchases Return Input IGST |
4,000 480 |
April 02 |
Purchases |
|
15,000 |
|||
April 30 |
Balance c/d |
|
12,320 |
|
|
|
|||
|
|
|
16,800 | 16,800 | |||||
|
|
|
|
|
|
|
|
||
|
|||||||||
Dr. |
Rajan |
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 16 April 16 |
Purchases Return Input IGST |
1,000
120
|
April 02 |
Purchases |
|
8,000 |
|||
April 30 | Balance c/d | 7,840 |
|
|
|
|
|||
8,960 |
|
|
|
8,960 |
|||||
|
|
|
|
|
|
|
|
||
Passi |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 | Balance c/d | 7,840 |
April 02 |
Purchases |
|
7,000 |
|||
April 02 |
Input IGST |
|
840 |
||||||
|
|
|
7,840 | 7,840 | |||||
|
|
|
|
|
|
|
|
||
Rakesh |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 03 |
Sales |
|
17,000 |
April 11 | Sales Return | 5,000 | |||
April 03 |
Output CGST |
|
1,020 |
April 11 | Output CGST | 300 | |||
April 03 |
Output SGST |
|
1,020 |
April 11 | Output SGST | 300 | |||
April 22 | Cheques in hand | 10,000 | |||||||
April 30 | Balance c/d | 3,440 | |||||||
19,040 | 19,040 | ||||||||
|
|
|
|
|
|
|
|
||
Devender |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 03 | Sales | 25,000 | April 11 | Sales Return | 1,000 | ||||
April 03 | Output IGST | 3,000 | April 11 | Output IGST | 120 | ||||
April 22 | Cheques in hand | 5,000 | |||||||
April 25 | Cash | 21,000 | |||||||
|
|
|
|
April 25 |
Discount Allowed |
|
880 |
||
|
|
|
28,000 | 28,000 | |||||
|
|
|
|
|
|
|
|
||
Discounting Charges Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 24 |
Cheques in hand |
|
127 |
April 30 |
Balance c/d |
|
127 |
||
|
|
127 | 127 | ||||||
|
|
|
|
|
|
|
|
||
Discount Allowed Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 25 |
Devender |
|
880 |
April 30 |
Balance c/d |
|
880 | ||
|
|
|
880 |
|
|
880 | |||
|
|
|
|
|
|
|
|
||
Delivery Van Expenses Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 04 |
Cash A/c |
|
5,700 |
April 30 |
Balance c/d | 5,700 | |||
|
|
|
5,700 | 5,700 | |||||
|
|
|
|||||||
Rent Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Bank |
|
5,000 |
April 30 |
Balance c/d | 5,000 | |||
|
|
5,000 |
|
5,000 | |||||
|
|
|
|
|
|
|
|
||
Input CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 | Bank | 300 | April 30 | Balance c/d | 300 | ||||
|
|
|
300 |
|
|
|
300 |
||
|
|
|
|
|
|
|
|
||
Input SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 01 |
Bank | 300 | April 30 | Balance c/d | 300 | ||||
|
|
|
300 |
|
|
300 |
|||
|
|
|
|
|
|
|
|
||
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 02 | Prabhat |
|
15,000 |
April 30 |
Balance c/d |
|
30,000 |
||
April 02 | Rajan | 8,000 | |||||||
April 02 |
Passi |
|
7,000 |
|
|
|
|
||
|
|
|
30,000 |
|
|
30,000 |
|||
|
|
|
|
|
|
|
|
||
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 |
Balance c/d |
|
47,000 |
April 03 |
Rakesh |
|
17,000 |
||
April 03 |
Devender |
|
25,000 |
||||||
|
|
|
|
April 09 |
Cash |
|
5,000 |
||
|
|
|
47,000 |
|
|
|
47,000 |
||
|
|
|
|
|
|
|
|
||
Purchases Return Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 30 |
Balance c/d |
|
5,000 |
April 16 |
Prabhat |
|
4,000 |
||
April 16 | Rajan | 1,000 | |||||||
|
|
|
5,000 |
|
|
|
5,000 |
||
|
|
|
|
|
|
|
|
||
Sales Return Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 11 | Rakesh | 5,000 | April 30 | Balance c/d | 6,000 | ||||
April 11 |
Devender |
|
1,000 |
|
|
|
|||
|
|
|
6,000 |
|
|
|
6,000 | ||
|
|
|
|
|
|
|
|
||
Drawings Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
April 05 |
Cash |
|
4,000 |
April 30 |
Balance c/d |
|
4,000 |
||
|
|
|
4,000 |
|
|
|
4,000 |
||
|
|
|
|
|
|
|
|
||
Trial Balance as on April,30,2018 |
|||
S. No. |
Particulars |
DEBIT |
CREDIT |
|
|
|
|
1. |
Cash A/c |
39,900 |
|
2. |
Bank A/c |
70,273 |
|
3. |
Stock A/c |
75,000 |
|
4 |
Fixtures A/c |
5,000 |
|
5. |
Premises |
2,000,000 |
|
6. |
Delivery Van |
50,000 |
|
7. |
Jawahar |
|
50,000 |
8. |
Vikas |
|
35,000 |
9. |
Capital A/c |
|
3,24,000 |
10. |
Purchases A/c |
30,000 |
|
11. |
Electricity Expenses Payable A/c |
|
4,520 |
12. |
Sales A/c |
|
47,000 |
13. |
Delivery Van Expenses A/c |
5,700 |
|
14. |
Rent A/c |
5,000 | |
15. |
Prabhat |
|
12,320 |
16. | Rajan | 7,840 | |
17. | Passi | 7,840 | |
18. | Rakesh | 3,440 | |
19. | Discount Allowed A/c | 880 | |
20. | Discounting Charges | 127 | |
21. | Purchses Return A/c | 5,000 | |
22. | Sales Return A/c | 6,000 | |
23. | Drawings A/c | 4,000 | |
24.. | Input IGST A/c | 3,000 | |
25. | Input CGST A/c | 300 | |
26. | Input SGST A/c | 300 | |
27. | Output IGST A/c | 2,880 | |
28. | Output CGST A/c | 1,260 | |
29. |
Output SGST A/c |
|
1,260 |
|
|
4,98,920 |
4,98,920 |
|
|
|
|
Page No 9.38:
Question 9:
Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger and prepare the Trial Balance:
2018 |
|
₹ |
April 1 |
Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000; Furniture ₹ 4,500; Input SGST ₹ 5,000; Input IGST ₹ 2,000 Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000 Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500 |
|
April 4 |
Purchased goods from Pankaj, Kolkata |
5,000 |
April 7 |
Paid to Ashok by cheque in full settlement of his account* |
13,000 |
April 10 |
Sold goods to Poonam, Delhi |
11,000 |
April 12 |
Purchased goods from Ashok, Delhi |
15,000 |
April 15 |
Sold goods to Sonu, Kanpur |
6,000 |
April 18 |
Received cheque from Poonam* |
24,500 |
|
Allowed her discount* |
1,500 |
April 25 |
Paid for stationery |
1,200 |
April 27 |
Paid telephone bill by cheque |
3,500 |
April 30 |
Paid salaries* |
6,000 |
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Answer:
Journal |
|||||
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
2018 |
|
|
|
|
|
Apr.01 |
Cash A/c |
Dr. |
|
20,000 |
|
|
Bank A/c |
Dr. |
|
35,000 |
|
|
Stock A/c |
Dr. |
|
15,000 |
|
|
Furniture A/c |
Dr. |
|
4,500 |
|
|
Poonam |
Dr. |
|
20,000 |
|
|
Sonu |
Dr. |
|
10,000 |
|
Input SGST | Dr. | 5,000 | |||
Input IGST | Dr. | 2,000 | |||
|
To Ashok |
|
|
|
13,500 |
|
To Pankaj |
|
|
|
21,500 |
|
To Capital A/c |
|
|
|
76,500 |
|
(Opening entry made) |
|
|
|
|
|
|
|
|
|
|
Apr.04 |
Purchases A/c |
Dr. |
|
5,000 |
|
Input CGST A/c | Dr. | 300 | |||
Input SGST A/c | Dr. | 300 | |||
|
To Pankaj |
|
|
|
5,600 |
|
(Goods purchased from Pankaj on credit plus 6% Intra State GST) |
|
|
|
|
|
|
|
|
|
|
Apr.07 |
Ashok |
Dr. |
|
13,500 |
|
|
To Bank A/c |
|
|
|
13,000 |
|
To Discount Received A/c |
|
|
|
500 |
|
(Payment made to Ashok) |
|
|
|
|
|
|
|
|
|
|
Apr.10 |
Poonam |
Dr. |
|
12,320 |
|
|
To Sales A/c |
|
|
|
11,000 |
To Output IGST A/c | 1,320 | ||||
|
(Goods sold to Poonam on credit plus 12% inter state GST) |
|
|
|
|
|
|
|
|
|
|
Apr.12 |
Purchases A/c |
Dr. |
|
15,000 |
|
Input IGST A/c | Dr. | 1,800 | |||
|
To Ashok |
|
|
|
16,800 |
|
(Goods purchased from Ashok on Credit plus 12% inter state GST) |
|
|
|
|
|
|
|
|
|
|
Apr.15 |
Sonu |
Dr. |
|
6,720 |
|
|
To Sales A/c |
|
|
|
6,000 |
To Output IGST A/c | 720 | ||||
|
(Goods sold to Sonu on credit plus 12% inter state GST) |
|
|
|
|
|
|
|
|
|
|
Apr.18 |
Bank A/c |
Dr. |
|
24,500 |
|
|
Discount Allowed A/c |
Dr. |
|
1,500 |
|
|
To Poonam |
|
|
|
26,000 |
|
(Payment received from Poonam) |
|
|
|
|
|
|
|
|
|
|
Apr.25 |
Stationery A/c |
Dr. |
|
1,200 |
|
Input CGST A/c | Dr. | 72 | |||
Input SGST A/c | Dr. | 72 | |||
|
To Cash A/c |
|
|
|
1,344 |
|
(Stationery purchased in cash plus 6% intra state GST) |
|
|
|
|
|
|
|
|
|
|
Apr.27 |
Telephone Bill A/c |
Dr. |
|
3,500 |
|
Input CGST A/c | Dr. | 210 | |||
Input SGST A/c | Dr. | 210 | |||
|
To Bank A/c |
|
|
|
3,920 |
|
(Rent paid by cheque plus 6% intra state GST) |
|
|
|
|
|
|
|
|
|
|
Apr.30 |
Salaries A/c |
Dr. |
|
6,000 |
|
|
To Cash A/c |
|
|
|
6,000 |
|
(Salaries paid ) |
|
|
|
|
|
|
|
|
|
Ledger
Cash Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
20,000 |
Apr.25 |
Stationery A/c |
|
1,200 |
||
Apr.25 | Input CGST A/c | 72 | |||||||
Apr.25 | Input SGST A/c | 72 | |||||||
|
|
|
|
Apr.30 |
Salaries A/c |
|
6,000 |
||
|
|
|
|
Apr.30 |
Balance c/d |
|
12,656 |
||
|
|
|
|
|
|
|
|
||
|
|
|
20,000 |
|
|
|
20,000 |
||
May.01 |
Balance b/d |
|
12,656 |
|
|
|
|
||
Bank Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
35,000 |
Apr.07 |
Ashok |
|
13,000 |
||
Apr.18 |
Poonam |
|
24,500 |
Apr.27 |
Telephone Bill A/c |
|
3,500 |
||
Apr.27 | Input CGST A/c | 210 | |||||||
Apr.27 | Input SGST A/c | 210 | |||||||
|
|
|
|
Apr.30 |
Balance c/d |
|
42,580 |
||
|
|
|
|
|
|
|
|
||
|
|
|
59,500 |
|
|
|
59,500 |
||
May.01 |
Balance b/d |
|
42,580 |
|
|
|
|
||
Stock Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
15,000 |
Apr.30 |
Balance c/d |
|
15,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
15,000 |
|
|
|
15,000 |
||
May.01 |
Balance b/d |
|
15,000 |
|
|
|
|
||
Furniture Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
4,500 |
Apr.30 |
Balance c/d |
|
4,500 |
||
|
|
|
|
|
|
|
|
||
|
|
|
4,500 |
|
|
|
4,500 |
||
May.01 |
Balance b/d |
|
4,500 |
|
|
|
|
||
Poonam |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
20,000 |
Apr.18 |
Bank A/c |
|
24,500 |
||
Apr.10 |
Sales A/c |
|
11,000 |
Apr.18 |
Discount Allowed |
|
1,500 |
||
Apr.10 | Output IGST A/c | 1,320 | Apr.30 | Balance c/d | 6,320 | ||||
|
|
|
|
|
|
|
|
||
|
|
|
32,320 |
|
|
|
32,320 |
||
May.01 |
Balance b/d |
|
6,320 |
|
|
|
|
||
Sonu |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 |
Balance b/d |
|
10,000 |
Apr.30 |
Balance c/d |
|
16,720 |
||
Apr.15 |
Sales A/c |
|
6,000 |
|
|
|
|
||
Apr.15 |
Output IGST A/c |
|
720 |
|
|
|
|
||
|
|
|
16,720 |
|
|
|
16,720 |
||
May.01 |
Balance b/d |
|
16,720 |
|
|
|
|
||
Ashok |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.07 |
Bank A/c |
|
13,000 |
Apr.01 |
Balance b/d |
|
13,500 |
||
Apr.07 |
Discount Received |
|
500 |
Apr.12 |
Purchases a/c |
|
15,000 |
||
Apr.30 |
Balance c/d |
|
16,800 |
Apr.12 |
Input IGST A/c |
|
1,800 |
||
|
|
|
|
|
|
|
|
||
|
|
|
30,300 |
|
|
|
30,300 | ||
|
|
|
|
May.01 |
Balance b/d |
|
16,800 | ||
Pankaj |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
27,100 |
Apr.01 |
Balance b/d |
|
21,500 |
||
|
|
|
|
Apr.04 |
Purchases a/c |
|
5,000 |
||
Apr.04 | Input CGST A/c | 300 | |||||||
Apr.04 | Input SGST A/c | 300 | |||||||
|
|
|
|
|
|
|
|
||
|
|
|
27,100 |
|
|
|
27,100 | ||
|
|
|
|
May.01 |
Balance b/d |
|
27,100 | ||
Capital Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
76,500 |
Apr.01 |
Balance b/d |
|
76,500 |
||
|
|
|
|
|
|
|
|
||
|
|
|
76,500 |
|
|
|
76,500 |
||
|
|
|
|
May.01 |
Balance b/d |
|
76,500 |
||
Purchases Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.04 |
Pankaj |
|
5,000 |
Apr.30 |
Balance c/d |
|
20,000 |
||
Apr.12 |
Ashok |
|
15,000 |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
20,000 |
|
|
|
20,000 |
||
May.01 |
Balance b/d |
|
20,000 |
|
|
|
|
||
Discount Received Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
500 |
Apr.07 |
Ashok |
|
500 |
||
|
|
|
|
|
|
|
|
||
|
|
|
500 |
|
|
|
500 |
||
|
|
|
|
May.01 |
Balance b/d |
|
500 |
||
Sales Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Balance c/d |
|
17,000 |
Apr.10 |
Poonam |
|
11,000 |
||
|
|
|
|
Apr.15 |
Sonu |
|
6,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
17,000 |
|
|
|
17,000 |
||
|
|
|
|
May.01 |
Balance b/d |
|
17,000 |
||
Stationery Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.25 |
Cash A/c |
|
1,200 |
Apr.30 |
Balance c/d |
|
1,200 |
||
|
|
|
|
|
|
|
|
||
|
|
|
1,200 |
|
|
|
1,200 |
||
May.01 |
Balance b/d |
|
1,200 |
|
|
|
|
||
Telephone Bill Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.27 |
Bank A/c |
|
3,500 |
Apr.30 |
Balance c/d |
|
3,500 |
||
|
|
|
|
||||||
|
|
|
3,500 |
|
|
|
3,500 |
||
May.01 |
Balance b/d |
|
3,500 |
|
|
|
|
||
Salaries Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
Cash A/c |
|
6,000 |
Apr.30 |
Balance c/d |
|
6,000 |
||
|
|
|
|
|
|
|
|
||
|
|
|
6,000 |
|
|
|
6,000 |
||
May.01 |
Balance b/d |
|
6,000 |
|
|
|
|
||
Discount allowed Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.18 |
Poonam |
|
1,500 |
Apr.30 |
Balance c/d |
|
1,500 |
||
|
|
|
|
|
|
|
|
||
|
|
|
1,500 |
|
|
|
1,500 |
||
May.01 |
Balance b/d |
|
1,500 |
|
|
|
|
||
Input IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 | Balance b/d | 2,000 | |||||||
Apr.12 |
Ashok |
|
1,800 |
Apr.30 |
Balance c/d |
|
3,800 | ||
|
|
|
|
|
|
|
|||
|
|
|
3,800 |
|
|
|
3,800 | ||
May.01 |
Balance b/d |
|
3,800 |
|
|
|
|
||
Input CGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.04 |
Pankaj |
|
300 |
Apr.30 |
Balance c/d |
|
582 |
||
Apr.25 | Cash A/c | 72 | |||||||
Apr.27 |
Telephone Bill A/c |
|
210 |
|
|
|
|
||
|
|
|
582 |
|
|
|
582 |
||
May.01 |
Balance b/d |
|
582 |
|
|
|
|
||
Input SGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.01 | Balance b/d | 5,000 | |||||||
Apr.04 |
Pankaj |
|
300 |
Apr.30 |
Balance c/d |
|
5,582 | ||
Apr.25 | Cash A/c | 72 | |||||||
Apr.27 |
Telephone Bill A/c |
|
210 |
|
|
|
|||
|
|
|
5,582 |
|
|
|
5,582 | ||
May.01 |
Balance b/d |
|
5,582 |
|
|
|
|
||
Output IGST Account |
|||||||||
Dr. |
|
Cr. |
|||||||
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
||
2018 |
|
|
|
2018 |
|
|
|
||
Apr.30 |
2,040 |
Apr.10 |
Poonam |
|
1,320 |
||||
|
|
|
|
Apr.15 |
Sonu |
|
720 |
||
|
|
|
2,040 |
|
|
2,040 |
|||
|
|
|
May.01 |
Balance b/d |
|
2,040 |
|||
Trial Balance as on April,30,2018 |
|||
S. No. |
Particulars |
DEBIT |
CREDIT |
|
|
|
|
1. |
Cash A/c |
12,656 |
|
2. |
Bank A/c |
42,580 |
|
3. |
Stock A/c |
15,000 |
|
4 |
Furniture A/c |
4,500 |
|
5. |
Poonam |
6,320 |
|
6. |
Sonu |
16,720 |
|
7. |
Ashok |
|
16,800 |
8. |
Pankaj |
|
27,100 |
9. |
Capital A/c |
|
76,500 |
10. |
Purchases A/c |
20,000 |
|
11. |
Discount Received A/c |
|
500 |
12. |
Sales A/c |
|
17,000 |
13. |
Stationery A/c |
1,200 |
|
14. |
Telephone Bill A/c |
3,500 |
|
15. |
Salaries A/c |
6,000 |
|
16. | Discount Allowed A/c | 1,500 | |
17. | Input IGST A/c | 3,800 | |
18. | Input CGST A/c | 582 | |
19. | Input SGST A/c | 5,582 | |
20. |
Output IGST A/c |
|
2,040 |
|
|
1,39,940 |
1,39,940 |
|
|
|
|
Page No 9.38:
Question 10:
Write up the following transactions in the Journal of Ashok, Delhi and post them to the Ledger for April, 2018. Also, prepare the Trial Balance as on 30th April, 2018.
2018 | ₹ | |
April 1 | Commenced business with cash* | 40,000 |
April 2 | Opened Bank Account and deposited cheque from Saving A/c* | 3,00,000 |
April 5 | Bought goods against cheque | 50,000 |
April 7 | Sold goods to Amit, Chandigarh | 25,000 |
April 9 | Bought goods from Parvat, Delhi | 51,000 |
April 12 | Received cheque from Amit* | 19,500 |
Discount allowed* | 500 | |
April 13 | Issued cheque to Parvat* | 39,000 |
Discount allowed by him* | 1,000 | |
April 16 | Withdrew cash for personal expenses* | 10,000 |
April 17 | Received cash from Amit and deposited into bank* | 5,000 |
April 25 | Paid rent by cheque | 9,000 |
April 29 | Goods sold to Romy, Delhi | 48,000 |
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Answer:
Journal of Ashok, Delhi
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2018
|
|||||
April 01
|
Cash A/c | Dr. |
40,000
|
||
To Capital A/c |
40,000
|
||||
(Being business commenced) | |||||
April 02
|
Bank A/c | Dr. |
3,00,000
|
||
To Capital A/c |
3,00,000
|
||||
(Being Bank Account opened from personal savings bank account) | |||||
April 05
|
Purchases A/c | Dr. |
50,000
|
||
Input CGST A/c | Dr. |
3,000
|
|||
Input SGST A/c | Dr. |
3,000
|
|||
To Bank A/c |
56,000
|
||||
(Being goods purchased plus 6% intra-state GST) | |||||
April 07
|
Amit | Dr. |
28,000
|
||
To Sales A/c |
25,000
|
||||
To output IGST A/c |
3,000
|
||||
(Being goods sold on credit plus 12% interstate GST) | |||||
April 09
|
Purchases A/c | Dr. |
51,000
|
||
Input CGST A/c | Dr. |
3,060
|
|||
Input SGST A/c | Dr. |
3,060
|
|||
To Parvat A/c |
57,120
|
||||
(Being goods purchased on credit plus 6% intra state GST) | |||||
April 12
|
Bank A/c | Dr. |
19,500
|
||
Discount Allowed A/c | Dr. |
500
|
|||
To Amit A/c |
20,000
|
||||
(Being part payment received and discount allowed) | |||||
April 13
|
Parvat | Dr. |
40,000
|
||
To Bank A/c |
39,000
|
||||
To Discount Received A/c |
1,000
|
||||
(Being cheque issued and discount received against part payment) | |||||
April 16
|
Drawings A/c | Dr. |
10,000
|
||
To Cash A/c |
10,000
|
||||
(Being Cash withdrawn for personal expenses) | |||||
April 17
|
Bank A/c | Dr. |
5,000
|
||
To Amit A/c |
5,000
|
||||
(Being Cash received duly deposited into Bank A/c) | |||||
April 25 | Rent A/c | 9,000 | |||
Input CGST A/c | 540 | ||||
Input SGST A/c | 540 | ||||
To Bank A/c | 10,080 | ||||
(Being rent paid by cheque plus 6% intra-state GST) | |||||
April 29
|
Romy | Dr. |
53,760
|
||
To Sales A/c |
48,000
|
||||
To Output CGST A/c |
2,880
|
||||
To Output SGST A/c |
2,880
|
||||
(Being goods sold on credit plus 6% intra state GST) | |||||
Input CGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 05
|
To Bank A/c |
3,000
|
April 30
|
By Balance c/d |
6,600
|
||
April 09
|
To Parvat |
3,060
|
|||||
April 25
|
To Bank |
540
|
|||||
6,600
|
6,600
|
||||||
Input SGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 05
|
To Bank A/c |
3,000
|
April 30
|
By Balance c/d |
6,600
|
||
April 09
|
To Parvat |
3,060
|
|||||
April 25
|
To Bank |
540
|
|||||
6,600
|
6,600
|
||||||
Output IGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
3,000
|
April 07
|
Amit |
3,000
|
||
3,000
|
3,000
|
||||||
Output CGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
2,880
|
April 29
|
By Romy |
2,880
|
||
2,880
|
2,880
|
||||||
Output SGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
2,880
|
April 29
|
By Romy |
2,880
|
||
2,880
|
2,880
|
||||||
Cash Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Capital A/c |
40,000
|
April 16
|
By Drawings A/c |
10,000
|
||||
April 30
|
By Balance c/d |
30,000
|
|||||||
40,000
|
40,000
|
||||||||
Bank Account
|
|||||||
Dr. |
|
Cr.
|
|||||
Date
|
Particulars
|
Amount
(₹) |
Date
|
Particulars
|
Amount
(₹) |
||
2018
|
2018
|
||||||
April 02
|
To Capital A/c |
3,00,000
|
April 05
|
By Purchases A/c |
50,000
|
||
April 12
|
To Amit |
19,500
|
April 05
|
By Input CGST |
3,000
|
||
April 17
|
To Amit |
5,000
|
April 05
|
By Input SGST |
3,000
|
||
April 13
|
By Parvat |
39,000
|
|||||
April 25
|
By Rent A/c |
9,000
|
|||||
April 25 | By Input CGST |
540
|
|||||
April 25 | By Input SGST |
540
|
|||||
April 25 | By Balance c/d |
2,19,420
|
|||||
3,24,500
|
3,24,500
|
||||||
Capital Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
3,40,000
|
April 01
|
By Cash A/c |
40,000
|
||||
April 02
|
By Bank A/c |
3,00,000
|
|||||||
3,40,000
|
3,40,000
|
||||||||
Purchases Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 05
|
To Bank A/c |
50,000
|
April 30
|
By Balance c/d |
1,01,000
|
||||
April 09
|
To Parvet |
51,000
|
|||||||
1,01,000
|
1,01,000
|
||||||||
Sales Account
|
||||||||
Dr.
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
|||||||
April 30
|
To Balance c/d |
73,000
|
April 07
|
By Amit |
25,000
|
|||
April 29
|
By Romy |
48,000
|
||||||
73,000
|
73,000
|
|||||||
Amit
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 07
|
To Sales A/c |
25,000
|
April 12
|
By Bank A/c |
19,500
|
||
April 07
|
To Output IGST A/c |
3,000
|
April 12
|
By Disc. Allowed A/c |
500
|
||
April 17
|
By Bank A/c |
5,000
|
|||||
April 30
|
By Balance c/d |
3,000
|
|||||
28,000
|
28,000
|
||||||
Parvat
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 13
|
To Bank A/c |
39,000
|
April 09
|
By Purchases A/c |
51,000
|
||
April 13
|
To Disc Received A/c |
1,000
|
April 09
|
By Input CGST A/c |
3,060
|
||
April 30
|
To Balance c/d |
17,120
|
April 09
|
By Input SGST A/c |
3,060
|
||
57,120
|
57,120
|
||||||
Discount Allowed Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 12
|
To Amit |
500
|
April 30
|
By Balance c/d |
500
|
||||
500
|
500
|
||||||||
Discount Received Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
1,000
|
April 13
|
By Parvat |
1,000
|
||||
1,000
|
1,000
|
||||||||
Drawings Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 16
|
To Cash A/c |
10,000
|
April 30
|
By Balance c/d |
10,000
|
||||
10,000
|
10,000
|
||||||||
Rent Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 25
|
To Bank A/c |
9,000
|
April 30
|
By Balance c/d |
9,000
|
||||
9,000
|
9,000
|
||||||||
Romy
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 29
|
To Sales A/c |
48,000
|
April 30
|
By Balance c/d |
53,760
|
||
To Output CGST A/c |
2,880
|
||||||
To Output SGST A/c |
2,880
|
||||||
53,760
|
53,760
|
||||||
Trial Balance
As on 30th April 2018
|
||||
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
1
|
Cash A/c |
30,000
|
||
2
|
Bank A/c |
2,19,420
|
||
3
|
Capital A/c |
3,40,000
|
||
4
|
Purchases A/c |
1,01,000
|
||
5
|
Sales A/c |
73,000
|
||
6
|
Amit |
3,000
|
||
7
|
Parvat |
17,120
|
||
8
|
Discount Allowed A/c |
500
|
||
9
|
Discount Received A/c |
1,000
|
||
10
|
Drawings A/c |
10,000
|
||
11
|
Rent A/c |
9,000
|
||
12
|
Romy |
53,760
|
||
13
|
Input CGST |
6,600
|
||
14
|
Input SGST A/c |
6,600
|
||
15
|
Output IGST A/c |
3,000
|
||
16
|
Output CGST A/c |
2,880
|
||
17
|
Output SGST A/c |
2,880
|
||
4,39,880
|
4,39,880
|
|||
Page No 9.39:
Question 11:
Shri S. K. Gupta, Chandigarh commenced business on 1st April, 2018 with a capital of ₹ 1,20,000 of which ₹ 60,000 was paid into his Bank Account and ₹ 60,000 retained as cash . His other transactions during the month were as follows:
2018 | ₹ | |
April 2 | Bought office furniture | 20,000 |
April 5 | Purchased goods | 16,000 |
April 8 | Purchased goods from Ramesh, Chandigarh | 11,000 |
April 12 | Sold goods to Sameer, Delhi | 21,000 |
April 13 | Purchased stationery for cash | 1,800 |
April 13 | Paid to Ramesh in cash* | 10,000 |
Discount allowed by him* | 1,000 | |
April 17 | Withdrawn cash for office use* | 4,000 |
April 18 | Sen of Chandigarh sold goods to S.K. Gupta | 30,000 |
April 19 | Cash received from Sameer* | 20,000 |
Allowed him discount* | 1,000 | |
April 20 | Sold to Raj Banwari, Delhi | 40,000 |
April 28 | Cash sales | 1,400 |
April 30 | Paid salary by cheque* | 8,000 |
April 30 | Paid rent by cheque | 5,000 |
April 30 | Paid telephone expenses by cheque | 2,000 |
April 30 | Paid cash into bank* | 2,000 |
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Journalise the above transactions and post them to the Ledger.
Answer:
Books of Shri S.K. Gupta Chandigarh
|
|||||
Journal
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2018
|
|||||
April 01
|
Bank A/c
|
Dr.
|
60,000
|
||
Cash A/c
|
Dr.
|
60,000
|
|||
To Capital A/c
|
1,20,000
|
||||
(Being business commenced and 50% cash deposited into bank)
|
|||||
April 02
|
Furniture A/c
|
Dr.
|
20,000
|
||
Input CGST A/c
|
Dr.
|
1,200
|
|||
Input SGST A/c
|
Dr.
|
1,200
|
|||
To Cash A/c
|
22,400
|
||||
(Being furniture purchased plus 6% intra state GST)
|
|||||
April 08
|
Purchases A/c
|
Dr.
|
11,000
|
||
Input CGST A/c
|
Dr.
|
660
|
|||
Input SGST A/c
|
Dr.
|
660
|
|||
To Ramesh A/c
|
12,320
|
||||
(Being goods purchased on credit plus 6% intra-sate GST)
|
|||||
April 12
|
Sameer
|
Dr.
|
23,520
|
||
To Sales A/c
|
21,000
|
||||
To Output CGST A/c
|
1,260
|
||||
To Output SGST A/c
|
1,260
|
||||
(Being goods sold on credit plus 6% intra-state GST)
|
|||||
April 13
|
Stationery A/c
|
Dr.
|
1,800
|
||
Input CGST A/c
|
Dr.
|
108
|
|||
Input SGST A/c
|
Dr.
|
108
|
|||
To Cash A/c
|
2,016
|
||||
(Being Stationery purchased plus 6% intra state GST)
|
|||||
April 13
|
Ramesh
|
Dr.
|
11,000
|
||
To Cash A/c
|
10,000
|
||||
To Discount Received A/c
|
1,000
|
||||
(Being cash paid and discount received)
|
|||||
April 17
|
Cash A/c
|
Dr.
|
4,000
|
||
To Bank A/c
|
4,000
|
||||
(Being cash withdrawn from bank for office use)
|
|||||
April 18
|
Purchases A/c
|
Dr.
|
30,000
|
||
Input CGST A/c
|
Dr.
|
1,800
|
|||
Input SGST A/c
|
Dr.
|
1,800
|
|||
To Sen
|
33,600
|
||||
(Being goods purchased on credit plus 6% intra-state GST)
|
|||||
April 19
|
Cash A/c
|
Dr.
|
20,000
|
||
Discount Allowed A/c
|
Dr.
|
1,000
|
|||
To Sameer
|
21,000
|
||||
(Being Cash received and discount allowed)
|
|||||
April 20
|
Raj Banwari
|
Dr.
|
44,800
|
||
To Sales A/c
|
40,000
|
||||
To Output IGST A/c
|
4,800
|
||||
(Being good sold plus 12% inter-state GST)
|
|||||
April 28
|
Cash A/c
|
Dr.
|
1,568
|
||
To Sales A/c
|
1,400
|
||||
To Output CGST A/c
|
84
|
||||
To Output SGST A/c
|
84
|
||||
(Being goods sold in cash plus 6% intra-state GST)
|
|||||
April 30
|
Salary A/c
|
Dr.
|
8,000
|
||
To Bank A/c
|
8,000
|
||||
(Being salary paid by cheque)
|
|||||
April 30
|
Rent A/c
|
Dr.
|
5,000
|
||
Input CGST A/c
|
Dr.
|
300
|
|||
Input SGST A/c
|
Dr.
|
300
|
|||
To Bank A/c
|
5,600
|
||||
(Being rent paid with 6% intra-state GST)
|
|||||
April 30
|
Telephone expenses A/c
|
Dr.
|
2,000
|
||
Input CGST A/c
|
Dr.
|
120
|
|||
Input SGST A/c
|
Dr.
|
120
|
|||
To Bank A/c
|
2,240
|
||||
(Being telephone expenses paid with 6% intra-state GST)
|
|||||
April 30
|
Bank A/c
|
Dr.
|
2,000
|
||
To Cash A/c
|
2,000
|
||||
(Being cash deposited into bank account)
|
Bank Account
|
|||||||
Dr.
|
|
Cr.
|
|||||
Date
|
Particulars
|
Amount
(₹)
|
Date
|
Particulars
|
Amount
(₹)
|
||
2018
|
2018
|
||||||
April 01
|
To Capital A/c
|
60,000
|
April 17
|
By Cash A/c
|
4,000
|
||
April 30
|
To Cash A/c
|
2,000
|
April 30
|
By Salary A/c
|
8,000
|
||
April 30
|
By Rent A/c
|
5,000
|
|||||
April 30
|
By Input CGST
|
300
|
|||||
April 30
|
By Input SGST
|
300
|
|||||
April 30
|
By Telephone Exp.
|
2,000
|
|||||
April 30
|
By Input CGST
|
120
|
|||||
April 30
|
By Input SGST
|
120
|
|||||
April 30
|
By Balance c/d
|
42,160
|
|||||
62,000
|
62,000
|
||||||
Capital Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d
|
1,20,000
|
April 01
|
By Bank A/c
|
60,000
|
||||
April 01
|
By Cash A/c
|
60,000
|
|||||||
1,20,000
|
1,20,000
|
||||||||
Cash Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Capital A/c
|
60,000
|
April 02
|
By Furniture A/c
|
20,000
|
||||
April 17
|
To Bank A/c
|
4,000
|
April 02
|
By Input CGST A/c
|
1,200
|
||||
April 19
|
To Sameer
|
20,000
|
April 02
|
By Input SGST A/c
|
1,200
|
||||
April 28
|
To Sales A/c
|
1,400
|
April 13
|
By Stationery A/c
|
1,800
|
||||
April 28
|
To output CGST A/c
|
84
|
April 13
|
By Input CGST A/c
|
108
|
||||
April 28
|
To output SGST A/c
|
84
|
April 13
|
By Input SGST A/c
|
108
|
||||
April 13
|
By Ramesh
|
10,000
|
|||||||
April 30
|
By Bank A/c
|
2,000
|
|||||||
April 30
|
By Balance c/d
|
49,152
|
|||||||
85,568
|
85,568
|
||||||||
Furniture Account
|
|||||||
Dr.
|
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 02
|
To Cash A/c
|
20,000
|
April 30
|
By Balance c/d
|
20,000
|
||
20,000
|
20,000
|
||||||
Purchases Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 08
|
To Ramesh
|
11,000
|
April 30
|
By Balance c/d
|
41,000
|
||||
April 18
|
To Sen
|
30,000
|
|||||||
41,000
|
41,000
|
||||||||
Sales Account
|
||||||||
Dr.
|
Cr.
|
|||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
|||||||
April 30
|
To Balance c/d
|
62,400
|
April 12
|
By Sameer
|
21,000
|
|||
April 20
|
By Raj Banwari
|
40,000
|
||||||
April 28
|
By Cash A/c
|
1,400
|
||||||
62,400
|
62,400
|
|||||||
Ramesh
|
|||||||
Dr.
|
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 13
|
To Cash
|
10,000
|
April 08
|
By Purchases
|
11,000
|
||
April 13
|
To Discount Received
|
1,000
|
April 08
|
By Input CGST
|
660
|
||
April 30
|
To Balance c/d
|
1,320
|
April 08
|
By Input SGST
|
660
|
||
12,320
|
12,320
|
||||||
Input CGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 02
|
To Cash A/c |
1,200
|
April 30
|
By Balance c/d |
4,188
|
||
April 08
|
To Ramesh |
660
|
|||||
April 13
|
To Cash |
108
|
|||||
April 18
|
To Sen |
1,800
|
|||||
April 30
|
To Bank A/c |
300
|
|||||
April 30
|
To Bank A/c |
120
|
|||||
4,188
|
4,188
|
||||||
Input SGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 02
|
To Cash A/c |
1,200
|
April 30
|
By Balance c/d |
4,188
|
||
April 08
|
To Ramesh |
660
|
|||||
April 13
|
To Cash |
108
|
|||||
April 18
|
To Sen |
1,800
|
|||||
April 30
|
To Bank A/c |
300
|
|||||
April 30
|
To Bank A/c |
120
|
|||||
4,188
|
4,188
|
||||||
Output CGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
1,344
|
April 12
|
By Sameer |
1,260
|
||
April 28
|
By Cash A/c |
84
|
|||||
1,344
|
1,344
|
||||||
Output SGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018 |
2018
|
||||||
April 30 | To Balance c/d |
1,344
|
April 12
|
By Sameer |
1,260
|
||
April 28
|
By Cash A/c |
84
|
|||||
1,344
|
1,344
|
||||||
Sameer
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 12
|
To Sales A/c |
21,000
|
April 19
|
By Cash A/c |
20,000
|
||||
April 12
|
To Output CGST |
1,260
|
April 19
|
By Discount Allowed A/c |
1,000
|
||||
April 12
|
To Output SGST |
1,260
|
April 30
|
By balance c/d |
2,520
|
||||
23,520
|
23,520
|
||||||||
Stationery Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 13
|
To Cash A/c |
1,800
|
April 30
|
By Balance c/d |
1,800
|
||||
1,800
|
1,800
|
||||||||
Ramesh
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 13
|
To Cash A/c |
10,000
|
April 08
|
By Purchases |
11,000
|
||
April 13
|
To Discount Received A/c |
1,000
|
April 08
|
By Input CGST |
660
|
||
April 30 | To Balance c/d |
1,320
|
April 08
|
By Input SGST |
660
|
||
12,320
|
12,320
|
||||||
Discount Received Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
1,000
|
April 13
|
By Ramesh |
1,000
|
||||
1,000
|
1,000
|
||||||||
Salary Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Bank A/c |
8,000
|
April 30
|
By Balance c/d |
8,000
|
||||
8,000
|
8,000
|
||||||||
Rent Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Bank A/c |
5,000
|
April 30
|
By Balance c/d |
5,000
|
||||
5,000
|
5,000
|
||||||||
Telephone Expenses Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Bank A/c |
2,000
|
April 30
|
By Balance c/d |
2,000
|
||||
2,000
|
2,000
|
||||||||
Output IGST Account
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
4,800
|
April 20
|
By Raj Banwari |
4,800
|
||
4,800
|
4,800
|
||||||
Discount Allowed Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 19
|
To Sameer |
1,000
|
April 30
|
By Balance c/d |
1,000
|
||||
1,000
|
1,000
|
||||||||
Sen
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 30
|
To Balance c/d |
33,600
|
April 18
|
By Purchases |
30,000
|
||
April 18
|
By Input CGST |
1,800
|
|||||
April 18
|
By Input SGST |
1,800
|
|||||
33,600
|
33,600
|
||||||
Raj Banwari
|
|||||||
Dr. |
Cr.
|
||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
2018
|
2018
|
||||||
April 20
|
To Sales A/c |
40,000
|
April 30
|
By Balance c/d |
44,800
|
||
April 20
|
To output IGST A/c |
4,800
|
|||||
44,800
|
44,800
|
||||||
Trial Balance
As on 30th April 2018
|
||||
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
1
|
Cash |
49,152
|
||
2
|
Bank |
42,160
|
||
3
|
Capital |
1,20,000
|
||
4
|
Furniture |
20,000
|
||
5
|
Purchase |
41,000
|
||
6
|
Sales |
62,400
|
||
7
|
Ramesh |
1,320
|
||
8
|
Sameer |
2,520
|
||
9
|
Sen |
33,600
|
||
10
|
Raj Banwari |
44,800
|
||
11
|
Telephone expenses |
2,000
|
||
12
|
Stationery |
1,800
|
||
13
|
Salary |
8,000
|
||
14
|
Rent |
5,000
|
||
15
|
Discount Received |
1,000
|
||
16
|
Discount Allowed |
1,000
|
||
17
|
Input CGST |
4,188
|
||
18
|
Input SGST |
4,188
|
||
19
|
Output CGST |
1,344
|
||
20
|
Output SGST |
1,344
|
||
21
|
Output IGST |
4,800
|
||
2,25,808
|
2,25,808
|
|||
Page No 9.39:
Question 12:
Journalise the following transactions in the books of Shri Manoj, Kolkata and prepare Ledger Accounts.
Opening Debit Balances:
Cash in Hand ₹ 15,000; Cash at Bank ₹ 55,000; Stock ₹ 28,000; Debtors ₹ 25,000 (Sunil ₹ 5,000; Abhay ₹ 10,000 and Alok ₹ 10,000); Fixed Assets : Computer and Printer ₹ 50,000; Furniture ₹ 10,000; Delivery Van ₹ 25,000.
Opening Credit Balances:
Bank Loan ₹ 90,000; Salaries Outstanding ₹ 15,000; Creditors ₹ 20,000; Bills Payable ₹ 10,000; Capital ₹ 73,000.
Transactions for the month of April, 2018 were :
(i) Purchased goods from M/s Prabhat Electricals ₹ 10,000 less 10% Trade Discount. Cheque was issued immediately and availed 2% Cash Discount on purchase price.
(ii) Cheque was received from Abhay for the balance allowing him discount of 2%*.
(iii) Cheque was received from Alok for the balance due* .
(iv) Sunil was unable to pay the full dues and offered to pay 75%, which was accepted. Cheque was duly received*.
(v) Gave goods costing ₹ 1,000 as charity. These goods were purchased in Kolkata.
(vi) In a competition held by the RWA where the shop is located an electric iron costing ₹ 500 was given as an award. It had been purchased from Prabhat Electricals, Delhi.
(vii) A debt of ₹ 10,000 that was written off as bad debt in the past was received*.
(viii) Salaries amounting to ₹ 15,000 provided in the books for the month of March, 2018 were paid through cheque*.
(ix) Sales for the month were: Cash Sales ₹ 15,00,000 (Intra-state) and Credit Sales ₹ 3,00,000 (Inter-state).
(x) Purchases for the month were: Cash Purchases ₹ 1,00,000 (Intra-state) and Credit Purchases (Inter-state) ₹ 9,00,000.
(xii) Bank Loan repaid during the month ₹ 20,000*.
Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Answer:
Journal of Shri Manoj, Kolkata
|
|||||
Date
|
Particulars
|
L.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
2018
|
|||||
April 01
|
Cash A/c | Dr. |
15,000
|
||
Bank A/c | Dr. |
55,000
|
|||
Stock A/c | Dr. |
28,000
|
|||
Sunil | Dr. |
5,000
|
|||
Abhay | Dr. |
10,000
|
|||
Alok | Dr. |
10,000
|
|||
Computer and Printer A/c | Dr. |
50,000
|
|||
Furniture A/c | Dr. |
10,000
|
|||
Delivery Van A/c | Dr. |
25,000
|
|||
To Bank Loan |
90,000
|
||||
To Salaries Outstanding A/c |
15,000
|
||||
To Creditors A/c |
20,000
|
||||
To Bills payable A/c |
10,000
|
||||
To Capital |
73,000
|
||||
(Being opening entry passed) | |||||
(i)
|
Purchases A/c | Dr. |
9,000
|
||
Input IGST A/c | Dr. |
1,080
|
|||
To Bank A/c |
9,900
|
||||
To Discount Received A/c |
180
|
||||
(Being goods purchased plus 6% intra-state GST and availed discount) | |||||
(ii)
|
Bank A/c | Dr. |
9,800
|
||
Discount Allowed A/c | Dr. |
200
|
|||
To Abhay |
10,000
|
||||
(Being amount received and discount allocated) | |||||
(iii)
|
Bank A/c | Dr. |
10,000
|
||
To Alok |
10,000
|
||||
(Being cheque received on account) | |||||
(iv)
|
Bank A/c | Dr. |
3,750
|
||
Bad Debts A/c | Dr. |
1,250
|
|||
To Sunil |
5,000
|
||||
(Being cheque received for part and balance turned bad.) | |||||
(v)
|
Charity A/c | Dr. |
1,120
|
||
To Purchaser A/c
|
1,000
|
||||
To Input CGST A/c
|
60
|
||||
To Input SGST A/c
|
60
|
||||
(Being goods given as charity and GST reversed) | |||||
(vi)
|
Advertisements A/c | Dr. |
560
|
||
To Purchases A/c
|
500
|
||||
To Input IGST A/c
|
60
|
||||
(Being goods given as an award and GST reversed) | |||||
(vii)
|
Cash A/c | Dr. |
10,000
|
||
To Bad Debts Recovered A/c
|
10,000
|
||||
(Being bad debts recovered) | |||||
(viii)
|
Salaries Outstanding A/c | Dr. |
15,000
|
||
To Bank A/c |
15,000
|
||||
(Being outstanding paid by cheque) | |||||
(ix)
|
Cash A/c | Dr. |
16,80,000
|
||
To Sales A/c
|
15,00,000
|
||||
To Output CGST A/c
|
90,000
|
||||
To Output SGST A/c
|
90,000
|
||||
(Being cash sales at 6% intra-state GST) | |||||
Debtors' A/c | Dr. |
3,36,000
|
|||
To Sales A/c
|
3,00,000
|
||||
To Output IGST A/c
|
36,000
|
||||
(Being inter-state sales for the month @ 12% IGST on credit) | |||||
(x)
|
Purchases A/c | Dr. |
10,00,000
|
||
Input CGST A/c | Dr. |
6,000
|
|||
Input SGST A/c | Dr. |
6,000
|
|||
Input IGST A/c | Dr. |
1,08,000
|
|||
To Cash A/c |
1,12,000
|
||||
To Creditors' A/c |
10,08,000
|
||||
(Being intra-state cash purchases and inter-state credit purchases GST @ 6% and 12% respectively) | |||||
(x)
|
Bank A/c | Dr. |
17,00,000
|
||
To Debtors' A/c
|
2,00,000
|
||||
To Cash A/c
|
15,00,000
|
||||
(Being cheque received and cash deposited in Bank) | |||||
(xi)
|
Creditors' A/c | Dr. |
8,90,000
|
||
To Bank A/c
|
8,90,000
|
||||
(Being cheque issued) | |||||
(xi)
|
Bank Loan A/c | Dr. |
20,000
|
||
To Bank A/c
|
20,000
|
||||
(Being part of the loan repaid) | |||||
Ledger
|
|||||||||
Cash Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
15,000
|
(x)
|
By Purchases |
1,00,000
|
||||
(vii)
|
To Bad Debts Recovered A/c |
10,000
|
By Input CGST A/c |
6,000
|
|||||
(ix)
|
To Sales A/c |
15,00,000
|
By Input SGST A/c |
6,000
|
|||||
To output CGST A/c |
90,000
|
(x)
|
By Bank A/c |
15,00,000
|
|||||
To output SGST A/c |
90,000
|
April 30
|
By Balance c/d |
93,000
|
|||||
17,05,000
|
17,05,000
|
||||||||
Bank Account
|
|||||||
Dr. |
|
Cr.
|
|||||
Date
|
Particulars
|
Amount
(₹)
|
Date
|
Particulars
|
Amount
(₹)
|
||
2018
|
2018
|
||||||
April 01
|
To Balance b/d |
55,000
|
(i)
|
By Purchases |
9,900
|
||
(ii)
|
To Abhay |
9,800
|
(viii)
|
By Salaries outstanding A/c |
15,000
|
||
(iii)
|
To Alok |
10,000
|
(xi)
|
By Creditors' A/c |
8,90,000
|
||
(iv)
|
To Sunil |
3,750
|
(xii)
|
By Bank Loan A/c |
20,000
|
||
(x)
|
To Debtors' A/c |
2,00,000
|
April 30
|
By Balance c/d |
8,43,650
|
||
To Cash A/c |
15,00,000
|
||||||
17,78,550
|
17,78,550
|
||||||
Stock Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
28,000
|
April 30
|
By Balance c/d |
28,000
|
||||
28,000
|
28,000
|
||||||||
Sunil
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
5,000
|
(iv)
|
By Bank A/c |
3,750
|
||||
By Bad Debts A/c |
1,250
|
||||||||
5,000
|
5,000
|
||||||||
Abhay
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
10,000
|
(ii)
|
By Bank A/c |
9,800
|
||||
By Discount Allowed A/c |
200
|
||||||||
10,000
|
10,000
|
||||||||
Alok
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
10,000
|
(iii)
|
By Bank A/c |
10,000
|
||||
10,000
|
10,000
|
||||||||
Computer and Printer Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
50,000
|
April 30
|
By Balance c/d |
50,000
|
||||
50,000
|
50,000
|
||||||||
Furniture Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
10,000
|
April 30
|
By Balance c/d |
10,000
|
||||
10,000
|
10,000
|
||||||||
Delivery Van Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 01
|
To Balance b/d |
25,000
|
April 30
|
By Balance c/d |
25,000
|
||||
25,000
|
25,000
|
||||||||
Bank Loan Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(xii)
|
To Bank A/c |
20,000
|
April 01
|
By Balance b/d |
90,000
|
||||
April 30
|
To Balance c/d |
70,000
|
|||||||
90,000
|
90,000
|
||||||||
Salaries Outstanding Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(viii)
|
To Bank A/c |
15,000
|
April 01
|
By Balance b/d |
15,000
|
||||
15,000
|
15,000
|
||||||||
Creditors Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(xi)
|
To Bank A/c |
8,90,000
|
April 01
|
By Balance b/d |
20,000
|
||||
April 30
|
To Balance c/d |
1,38,000
|
(x)
|
By Purchases |
9,00,000
|
||||
By Input IGST |
1,08,000
|
||||||||
10,28,000
|
10,28,000
|
||||||||
Bills Payable Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
10,000
|
April 01
|
By Balance b/d |
10,000
|
||||
10,000
|
10,000
|
||||||||
Capital Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
73,000
|
April 01
|
By Balance b/d |
73,000
|
||||
73,000
|
73,000
|
||||||||
Output IGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
36,000
|
(ix)
|
By Debtors' A/c |
36,000
|
||||
36,000
|
36,000
|
||||||||
Input IGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(i)
|
To Bank A/c |
1,080
|
(vi)
|
By Advertisements A/c |
60
|
||||
(x)
|
To Creditors' A/c |
1,08,000
|
April 30
|
By Balance c/d |
1,09,020
|
||||
1,09,080
|
1,09,080
|
||||||||
Advertisement Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(vi)
|
To Purchases A/c |
500
|
April 30
|
By Balance c/d |
560
|
||||
To Input IGST A/c |
60
|
||||||||
560
|
560
|
||||||||
Bad Debts Recovered Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
10,000
|
(vii)
|
By Cash A/c |
10,000
|
||||
10,000
|
10,000
|
||||||||
Debtors Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(ix)
|
To Sales A/c |
3,00,000
|
(xi)
|
By Bank A/c |
2,00,000
|
||||
To Output IGST A/c |
36,000
|
April 30
|
By Balance c/d |
1,36,000
|
|||||
3,36,000
|
3,36,000
|
||||||||
Purchases Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(i)
|
To Bank A/c |
8,820
|
(v)
|
By Charity A/c |
1,000
|
||||
To Discount Received |
180
|
(vi)
|
By Advertisement A/c |
500
|
|||||
(x)
|
To Cash A/c |
1,00,000
|
April 30
|
By Balance c/d |
1,07,500
|
||||
To Creditors' A/c |
9,00,000
|
||||||||
10,09,000
|
10,09,000
|
||||||||
Input CGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(x)
|
To Cash A/c |
6,000
|
(v)
|
By Charity A/c |
60
|
||||
April 30
|
By Balance c/d |
5,940
|
|||||||
6,000
|
6,000
|
||||||||
Input SGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(x)
|
To Cash A/c |
6,000
|
(v)
|
By Charity A/c |
60
|
||||
April 30
|
By Balance c/d |
5,940
|
|||||||
6,000
|
6,000
|
||||||||
Discount Received Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
180
|
(i)
|
By Purchases |
180
|
||||
180
|
180
|
||||||||
Sales Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
18,00,000
|
(ix)
|
By Cash A/c |
15,00,000
|
||||
By Debtors' A/c |
3,00,000
|
||||||||
18,00,000
|
18,00,000
|
||||||||
Output CGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
90,000
|
(ix)
|
By Cash A/c |
90,000
|
||||
90,000
|
90,000
|
||||||||
Output SGST Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
April 30
|
To Balance c/d |
90,000
|
(ix)
|
By Cash A/c |
90,000
|
||||
90,000
|
90,000
|
||||||||
Charity Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(v)
|
To Purchases A/c |
1,000
|
April 30
|
By Balance c/d |
1,120
|
||||
To Input CGST A/c |
60 |
||||||||
To Input SGST A/c |
60 |
||||||||
1,120
|
1,120
|
||||||||
Bad Debts Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(iv)
|
To Sunil |
1,250
|
April 30
|
By Balance c/d |
1,250
|
||||
1,250
|
1,250
|
||||||||
Discount Allowed Account
|
|||||||||
Dr.
|
Cr.
|
||||||||
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
2018
|
2018
|
||||||||
(ii)
|
To Abhay |
200
|
April 30
|
By Balance c/d |
200
|
||||
200
|
200
|
||||||||
Trial Balance
As on 30th April 2018
|
||||
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
1
|
Cash |
93,000
|
||
2
|
Bank |
8,43,650
|
||
3
|
Stock |
28,000
|
||
4
|
Computer & Printers |
50,000
|
||
5
|
Furniture |
10,000
|
||
6
|
Delivery Van |
25,000
|
||
7
|
Creditors |
1,38,000
|
||
8
|
Bills Payable |
10,000
|
||
9
|
Capital |
73,000
|
||
10
|
Output IGST |
36,000
|
||
11
|
Input IGST |
1,09,020
|
||
12
|
Advertisement |
560
|
||
13
|
Debtors |
1,36,000
|
||
14
|
Purchases |
10,07,500
|
||
15
|
Input CGST |
5,940
|
||
16
|
Input SGST |
5,940
|
||
17
|
Discount Received |
180
|
||
18
|
Sales |
18,00,000
|
||
19
|
Output CGST |
90,000
|
||
20
|
Output SGST |
90,000
|
||
21
|
Bank Loan |
70,000
|
||
22
|
Charity |
1,120
|
||
23
|
Bad Debts |
1,250
|
||
24
|
Discount Allowed |
200
|
||
25
|
Bad Debts Recovered |
10,000
|
||
23,17,180
|
23,17,180
|
|||
View NCERT Solutions for all chapters of Class 13