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Page No 9.25:

Question 1:

On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following transactions during the month of April:
 

2019  
April 3  Purchased goods from Rita, Delhi on credit for 20,000
April 4  Cash paid to Rita 10,000
April 6  Goods sold to Rohit, Chandigarh 25,000
April 8  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, Chandigarh 10,000
April 30  Received cash from Rohit 6,000

You are required to journalise the above transactions and show the respective Ledger accounts.

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

()

Credit

Amount

()

2019

 

 

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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 9.25:

Question 2:

Suresh, Kanpur commenced business on 1st January, 2019 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows:

       
2019  
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 50,000
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
         
​Enter the above transactions in his books of account.

Answer:

Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2019
 
 
 
 
 
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 9.26:

Question 3:

Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:
 

2019  
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 the due amount to Gupta & Co. by cheque after availing discount of  ₹ 800   
Jan. 31  Sold old newspapers 500

Answer:

Journal of Afjal, Kolkata
Date
Particulars
 
L.F.
Debit Amount
(₹)
Credit Amount
(₹)
2019
         
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
 
       To Gupta & Co.      
20,000
  (Goods purchased on credit)        
           
Jan.05
Cash A/c
Dr.
 
5,000
 
      To Sales A/c      
5,000
  (Goods sold for cash)        
           
Jan.08
Purchases
Dr.
 
8,000
 
      To Cash A/c      
8,000
  (Goods purchased for cash)        
           
Jan.10
Ahmed & Co.
Dr.
 
10,000
 
      To Sales A/c      
10,000
  (Goods sold on credit)        
           
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
 
       To Cash A/c      
20,000
  (Computers purchased)        
           
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
 
        To Ahmed & Co.      
2,000
   (Goods returned by Ahmed & Co.)         
           
Jan.17
Furniture A/c
Dr.
 
10,000
 
         To Mehfil Mart       10,000
   (Furniture purchased)         
           
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
 
        To Bank A/c       2,000
  (Rent paid)        
           
Jan.24
Cash A/c
Dr.
 
20,000
 
      To Bank A/c      
20,000
  (Cash withdrawn from bank)        
           
Jan.25
Cash A/c
Dr.
 
9,000
 
       To Sales A/c      
9,000
  (Goods sold for cash)        
           
Jan.26
Loss by Accident A/c
Dr.
 
10,000
 
      To Purchases A/c      
10,000
  (Goods lost by accident)        
           
Jan.27
Advertisement A/c
Dr.
 
5,000
 
       To Bank A/c      
5,000
  (Advertisement expenses paid)        
           
Jan.28
Bank A/c
Dr.
 
7,000
 
      To Ahmed & Company      
7,000
  (Payment Received in full settlement)        
           
Jan.29
Gupta & Company
Dr.
 
20,000
 
       To Bank A/c      
19,200
       To Discount Received A/c      
800
  (Payment made)        
           
Jan.31
Cash A/c
Dr.
 
500
 
      To Sundry Income A/c      
500
  (Sundry Income received)        
 
Ledger
Cash Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
Jan.01 Capital  
1,00,000
Jan.08 Purchases  
8,000
Jan.05 Sales  
5,000
Jan.11 Bank  
50,000
Jan.15 Loan from Mehboob  
70,000
Jan.13 Computer  
20,000
Jan.24 Bank  
20,000
Jan.18 Interest on Mehboob Loan  
2,000
Jan.25 Sales  
9,000
Jan.31 Balance c/d  
1,24,500
Jan.31 Sundry income  
500
     
 
     
 
     
 
     
2,04,500
     
2,04,500
Feb.01 Balance b/d  
1,24,500
     
 
 
Purchases Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
Jan.29 Bank  
19,200
Jan.03 Purchases  
20,000
Jan.29 Discount Received  
800
       
               
     
20,000
     
20,000
     
 
     
 
 
Ahmed & Company
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
Jan.10 Sales  
10,000
Jan.16 Sales returns  
2,000
 
        Jan.19 Insurance claim  
1,000
     
 
Jan.28 Bank  
7,000
     
 
       
     
 
     
 
     
10,000
     
10,000
     
 
     
 
 
Bank Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
Jan.11 Cash  
50,000
Jan.22 Rent  
2,000
Jan.28 Ahmed & Company  
7,000
Jan.24 Cash  
20,000
     
 
Jan.27 Advertisement  
5,000
     
 
Jan.29 Gupta & Company  
19,200
     
 
Jan.31 Balance c/d  
10,800
     
 
     
 
     
57,000
     
57,000
Feb.01 Balance b/d  
10,800
     
 
 
Computers Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
Jan.26 Purchases    
10,000
Jan.31 Balance c/d  
11,200
             
 
     
10,000
     
10,000
Feb.01 Balance b/d  
10,000
     
 
 
Advertisement Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
Jan.31 Balance c/d  
10,000
Jan.17 Furniture  
10,000
     
 
       
     
10,000
     
10,000
     
 
Feb.01 Balance b/d  
10,000
 
Interest on Mehboob Loan Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
Jan.28 Ahmed & Company  
800
Jan.31 Balance c/d  
800
     
 
     
 
     
800
     
800
Feb.01 Balance b/d  
800
     
 
 
Discount Received Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019    
 
2019    
 
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
(₹)
2019    
 
2019    
 
Jan.31 Balance c/d  
500
Jan.31 Cash  
500
     
 
     
 
     
500
     
500
     
 
Feb.01 Balance b/d  
500

                                                                                    

Page No 9.26:

Question 4:

Pass Journal entries of M/s Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:  

       
2019  
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 2,000
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
()
Credit
Amount
()
2019
 
 
 
 
 
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
 
 
  To Cash A/c
 
 
 
20,000
 
(Furniture purchased)
 
 
 
 
 
 
 
 
 
 
Apr 07
Purchases A/c
Dr.
 
30,000
 
 
  To Cash A/c
 
 
 
30,000
 
(Goods purchased)
 
 
 
 
 
 
 
 
 
 
Apr 08
Purchases A/c
Dr.
 
42,000
 
 
  To M/s Hema Traders A/c
 
 
 
42,000
 
(Goods purchased)
 
 
 
 
 
 
 
 
 
 
Apr 10
Cash A/c
Dr.
 
30,000
 
 
  To Sales A/c
 
 
 
30,000
 
(Goods sold)
 
 
 
 
 
 
 
 
 
 
Apr 14
M/s Gupta Traders A/c
Dr.
 
12,000
 
 
  To Sales A/c
 
 
 
12,000
 
(Goods sold)
 
 
 
 
 
 
 
 
 
 
Apr 16
Rent A/c
Dr.
 
4,000
 
 
  To Cash A/c
 
 
 
4,000
 
(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.
 
2,000
 
 
  To Purchases Return A/c
 
 
 
2,000
 
(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
()
Date
Particulars
J.F.
Amount
()
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 20 Gupta Traders A/c  
12,000
Apr 07 Purchases A/c  
30,000
     
 
Apr 16 Rent A/c  
4,000
     
 
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  
42,900
     
1,92,000
     
1,92,000
               
 
Capital Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
Apr 03 Cash A/c  
20,000
Apr 30 Balance c/d  
20,000
     
 
     
 
     
20,000
     
20,000
               
  
Purchases Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
Apr 22 Purchases Return A/c  
2,000
Apr 08 Purchases  
42,000
Apr 23 Cash A/c  
40,000
     
 
             
 
     
42,000
     
42,000
               
 
Sales Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
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
               
  
Gupta Traders Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
Apr 14 Sales A/c  
12,000
Apr 20 Cash A/c  
12,000
     
 
     
 
     
12,000
     
12,000
               
 
Rent Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
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
()
Date
Particulars
J.F.
Amount
()
Apr 25 Cash A/c  
100
Apr 30 Balance c/d  
100
     
 
     
 
     
100
     
100
               
 
Salary Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
Apr 30 Cash A/c  
4,000
Apr 30 Balance c/d  
4,000
     
 
     
 
     
4,000
     
4,000
               



Page No 9.27:

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:

2019  
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 life insurance premium of Proprietor 3,000
March 29  Paid salary 10,000
March 30  Cash sales 20,000

Answer:

Books of M/s Gupta Brothers
Journal
Date
Particulars
L.F.
Debit Amount
()
Credit
Amount
()
2019
 
 
 
 
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
  To Raj A/c
Dr.
 
 
24,000
 

24,000
 
(Purchased goods on credit)
 
 
 
 
 
 
 
 
Mar.05
Purchases A/c
  To Cash A/c
(Purchased goods in cash)
Dr.
 
 
30,000
 

30,000
 
 
 
 
 
Mar.08
Naman A/c
Dr.
 
12,000
 
 
To Sales A/c
(Sold good to on credit)
    12,000
 
 
 
 
 
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
  To Cash
(Purchased furniture in cash)
Dr.
 
 
5,000
 

5,000
 
 
 
 
 
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
  To Bank A/c
(Paid Rent through cheque)
Dr.

 
 
3,000

 

3,000
 
 
 
 
 
Mar.23
Drawings A/c
Dr.
 
2,000
 
 
To Purchases A/c
(Goods taken for personal use and IGST reversed)
 
 
2,000
 
 
 
 
 
 
Mar.24
Cash A/c
Dr.
 
6,000
 
 
To Bank
 
 
6,000
 
(Cash withdrawn from bank)
 
 
 
 
 
 
 
 
Mar.26
Cash A/c
  To Commission A/c
Dr.
 
1,000

1,000
 
(Cash received for commission)
 
 
 
 
 
 
 
 
Mar.27
Bank Charges A/c
  To Bank A/c
(Bank Charges debited)
Dr.
 
300
 

300
 
 
 
 
 
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
(Sold goods for Cash)
 
 
20,000

 
 
 
 
 
 
 
Ledger
Cash Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.01
Capital
 
2,00,000
Mar.02
Bank
 
80,000
Mar.15
Mar.24
Mar.26
Mar.30
Naman
Bank
Commission
Sales
 
11,700
6,000
1,000
20,000
Mar.05
Mar.10
Mar.16
Mar.18
Mar.29
Mar.31
Purchases
Raj

Wages
Furniture
Salary
Balance c/d

 
30,000
22,000
200
5,000
10,000

91,500
 
 
 
 
 
 
 
 
 
 
 
2,38,700
 
 
 
2,38,700
 
 
 
 
 
 
 
 
                   
 
Bank Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.02
Cash
 
80,000
Mar.20
Mar.22
Drawings
Rent
 
4,000
3,000
        Mar.24 Cash   6,000
 
 
 
 
Mar.27
Mar.28
Bank Charges
Drawings
 
300
3,000
 
 
 
 
Mar.31
Balance C/d
 
63,700
 
 
 
80,000
 
 
 
80,000
 
 
 
 
 
 
 
 
                   
 
Capital Account
 
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
 
2019
 
 
 
2019
 
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.10
 
Cash
 
 
22,000
 
Mar.04
 
Purchase
 
 
22,000
 
 
 
 
22,000
 
 
 
22,000
 
 
 
 
 
 
 
 
                     
 
Sales Account
 
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
 
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.08
 
Sales
 
 
12,000

 
Mar.15
Mar.15
Cash
Discount Allowed
 
11,700

300

 
 
 
 
 
     
 
 
 
12,000
 
 
 
12,000
 
 
 
 
 
 
 
 
                   
 
Discount Allowed Account
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.15
Naman
 
300
Mar.31
Balance c/d
 
300
 
 
 
300
 
 
 
300
 
 
 
 
 
 
 
 
 
Wages Account
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
           
2019
 
 
 
Mar.16
Cash
 
200
Mar.31
Balance c/d
 
200
 
 
 
200
 
 
 
200
 
 
 
 
 
 
 
 
                   
 
 
Furniture Account
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.20
Bank
 
4,000
 
 
 
 
Mar.23
Mar.28
 
Purchases A/c
Bank
 
 
2,000
3,000
 
Mar.31
Balance c/d
 
9,000
 
 
 
9,000
 
 
 
9,000
 
 
 
 
 
 
 
 
                   
 
 
Commission Account
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
           
2019
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.22
Bank A/c
 
300
Mar.31
Balance c/d
 
300
 
 
 
300
 
 
 
300
 
 
 
 
 
 
 
 
                   
 
 
Rent Account
Dr.
 
Cr.
Date
Particulars
L.F.
Amount
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
Mar.29
Cash
 
10,000
Mar.31
Balance c/d
 
10,000
 
 
 
10,000
 
 
 
10,000
 
 
 
 
 
 
 
 
                   
 

 

 

 

 

 

 

 

 

 

Page No 9.27:

Question 6:

Following balances appeared in the books of Ashok, Delhi on 1st April, 2019:
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, 2019:

2019  
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 of list price of ₹ 15,000 from Rakesh, Kolkata less 10% trade  
   discount and 5% cash discount and paid 40% of amount 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 commission (Including CGST and SGST @ 6% each) 2,000

CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-state transactions. Transactions marked with (*) 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, 2019.

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

()

Credit

Amount

()

2019

 

 

 

 

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
To Output CGST A/c
To Output SGST A/c

 

 

7,000
420
420

 

(Sold Goods for Cash plus CGST and SGST @ 6% each)

 

 

 

 

 

 

 

 

April 06

Sales Return A/c
Output CGST A/c
Output SGST A/c

Dr.
Dr.
Dr.

 

1,000
60
60

 

 

To Ram

 

 

1,120

 

(Goods returned and GST reversed)

 

 

 

 

 

 

 

 

April 10

Purchases A/c
Input IGST A/c
    To Rajesh
(Bought goods from Rajesh plus IGST @ 12%)

Dr.
Dr.
 

 

9,000
1,080



10,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 15

Purchases A/c
Input IGST A/c

Dr.

 

13,500
1,620

 

 

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
To Output CGST A/c
To Output SGST A/c

 

 

2,000
120
120

 

(Received Commission plus CGST and SGST @ 6% each)

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

April 01
April 04

Balance b/d
Sales

 

50,000
7,000

April 15
April 15

Purchases
Input IGST

 

5,130
1,620

April 04
April 04
April 30

Output CGST
Output SGST
Commission

 

420
420
2,000

April 20
April 25
April 30

Rajesh
Drawings
Balance c/d

 

38,600
500
14,230

April 30
April 30

Output CGST
Output SGST

 

120
120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60,080

 

 

 

60,080

 

 

 

 

 

 

 

 

                   

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

L.F.

Amount

()

2019

 

 

 

2019

 

 

 

April 01

Balance b/d

 

50,000

April 06
April 06
April 06

Sales Return
Output CGST A/c
Output SGST A/c

 

1,000
60
60

 

 

 

 

April 30

Balance c/d

 

48,880

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

                   

 

Machinery Account

Dr.

 

Cr.

Date

Particulars

L.F.

Amount

()

Date

Particulars

L.F.

Amount

 ()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

L.F.

Amount

()

2019

 

 

 

2019

 

 

 

April 20

Cash

 

38,600

April 01

Balance b/d

 

30,000

April 20

Discount Received

 


1,480

April 10
April 10

Purchases
Input IGST A/c

 

9,000
1,080

 

 

 

40,080

 

 

 

40,080

 

 

 

 

 

 

 

 

                   

 

Sales Return Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

April 25

Cash

 

500

April 30

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

                     

 

Commission Account

 

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

 

 

 

 

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

()

Date

Particulars

L.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

L.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

Apr.10

Rajesh

 

1,080

Apr.30 Balance c/d   3,348

Apr.15
Apr.15

 

Cash
Cash

 

 

1,620
648

 

       
       

 

 

 

 

      3,348

 

 

 

3,348

         

 

 

 

                   

 

 

 

Output CGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

Apr.06
Apr.30

Ram
Balance c/d

 

60
60

Apr.30

Cash

 

120

 

 

 

 

 

 

 

 

 

 

 

120

 

 

 

120

 

 

 

 

       
                   

 

 

Output SGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

Apr.06
Apr.30
Ram
Balance c/d
  60
60

Apr.30
 

Cash
 

 

120
 

 

 

 

 

 

 

 

 

 

 

 

120

 

 

 

120

 

 

 

 

       
                   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page No 9.27:

Question 7:

On 1st April, 2019, 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, 2019 were:

       
2019      ₹
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 on account* 1,500
April 18 Received from Sharma 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
         
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 (*).
Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2019.
[Trial Balance Total- ₹ 18,148]

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, 2019
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 9.28:

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 post the transactions to the Ledger for the month of April, 2019.
 

2019  
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 Expenses payable 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, 2019 ₹ 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, 2019*.
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:

In the books of Rajesh Prabhu
Journal
Date Particulars   L.F. Debit
()
Credit
()
2019
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
To Output CGST A/c
To Output SGST A/c
 
 
4,000
240
240
 
To Electricity Expenses Payable A/c
To Salaries Payable A/c
 
 
4,520
7,000
 
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
Input IGST A/c  
Dr.
Dr.
 
30,000
3,600
 
 
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
 To Output IGST A/c
 
 
1,020
3,000
 
(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
To Output CGST A/c
To Output SGST A/c
 
 
5,000
300
300
 
(Goods Sold for Cash @ 6% CGST and SGST)
 
 
 
 
 
 
 
 
April 11
Sales Return A/c
Output CGST A/c
Output SGST A/c
Output IGST A/c
Dr.
Dr.
Dr.
Dr.
 
6,000
300
300
120
 
 
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
To Input IGST A/c
 
 
5,000
600
 
(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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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 Hari Haran   10,000 April 03 Telephone Expenses Payable  
4,000
April 22 Rajhans   10,000 April 20 Jawahar   50,000
April 24
Cheques in Hand
 
14,873
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
L.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 02
April 02
April 02
Prabhat
Rajan
Passi
 
1,800
960
840
April 16
April 16
April 30
Prabhat
Rajan
Balance c/d
 
480
120
3,000
 
 
 
3,600  
 
 
3,600
 
 
 
 
 
 
 
 
 
Cheques in hand Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 16
April 16
Purchases Return
Input IGST
  4,000
480
April 02
April 02
Purchases
Input IGST
 
15,000
1,800
April 30
Balance c/d
 
12,320  
 
 
 
 
 
 
16,800       16,800
 
 
 
 
 
 
 
 
 
Dr.
Rajan
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 16
April 16
Purchases Return
Input IGST
 
1,000
120
April 02
April 02
Purchases
Input IGST
 
8,000
960
April 30 Balance c/d   7,840
 
 
 
 
      8,960
 
 
 
8,960
 
 
 
 
 
 
 
 
                   
Passi
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 24
Cheques in hand
 
127
April 30
Balance c/d
 
127
 
 
 
127       127
 
 
 
 
 
 
 
 
 
Discount Allowed Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 25
Devender
 
880
April 30
Balance c/d
 
880
 
 
 
880  
 
 
880
 
 
 
 
 
 
 
 
 
Delivery Van Expenses Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 01 Bank   300 April 30 Balance c/d   300
 
 
 
300
 
 
 
300
 
 
 
 
 
 
 
 
 
Input SGST Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 01
Bank   300 April 30 Balance c/d   300
 
 
 
300  
 
 
300
 
 
 
 
 
 
 
 
 
Purchases Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
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
()
Date
Particulars
J.F.
Amount
()
2019
 
 
 
2019
 
 
 
April 05
Cash
 
4,000
April 30
Balance c/d
 
4,000
 
 
 
4,000
 
 
 
4,000
 
 
 
 
 
 
 
 
 
Trial Balance
as on April,30,2019
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 9.29:

Question 9:

Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger:
 

2019

 

 

 

 

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

Liabilities 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 on account*

24,500

 

Allowed her discount*

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

()

Credit

Amount

()

2019

 

 

 

 

 

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.

 

500

 

 

   To Poonam

 

 

 

25,000

 

(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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

 

500

Apr.10 Output IGST A/c   1,320 Apr.30 Balance c/d   7,320

 

 

 

 

 

 

 

 

 

 

 

32,320

 

 

 

32,320

May.01

Balance b/d

 

7,320

 

 

 

 

                   

 

Sonu

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

Apr.18

Poonam

 

500

Apr.30

Balance c/d

 

500

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

500

May.01

Balance b/d

 

500

 

 

 

 

                   

 

Input IGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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

()

Date

Particulars

J.F.

Amount

()

2019

 

 

 

2019

 

 

 

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,30,2019

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

7,320

 

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 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 9.29:

Question 10:

Shri S. K. Gupta, Chandigarh commenced business on 1st April, 2019 with a capital of ₹ 1,20,000 of which ₹ 60,000 was paid into his Bank Account and balance retained as cash. His other transactions during the month were as follows:
 

2019  
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 on account* 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 on account* 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
(₹)
2019
       
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)
     
 
                                                           Ledger

 
Bank Account
Dr.
 
Cr.
Date
Particulars
Amount
(₹)
Date
Particulars
Amount
(₹)
2019
   
2019
   
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019      
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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 2019
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 9.29:

Question 11:

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, 2019 were :
(i) Purchased goods from M/s Prabhat Electricals, Delhi ₹ 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, 2019 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.

Cheques Received from Debtors ₹ 2,00,000; Deposited Cash ₹ 15,00,000.
(xi) Paid to creditors through cheques ₹ 8,90,000*.
(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
(₹)
2019
         
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
(₹)
2019
     
2019
     
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
(₹)
2019
   
2019
   
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(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
(₹)
2019
     
2019
     
(ii)
To Abhay  
200
April 30
By Balance c/d  
200
     
200
     
200
               
   
Trial Balance
As on 30th April 2019
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
         



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