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Page No 11.42:

Question 1:

Record the following transactions in the Purchases Book of Subhash General Stores, Delhi:  

     
2019  
May 1 Bought from M/s. Chunni Lal Mam Raj, Delhi:
  100 bags of ITC Wheat Atta @ ₹ 530 per bag
  50 bags of Rice Basmati @ ₹ 500 per bag
  Less: Trade Discount @ 10%
  CGST and SGST @ 6% each was payable on the purchases
May 3 Bought from M/s. Kanodia Oil Mills, Delhi:
  40 tins Oil @ ₹ 1,500 per tin
  20 tins Banaspati Oil @ ₹ 900 per tin
  Less: Trade Discount @ 5%
  CGST and SGST @ 6% each was payable on the purchases
May 4 Purchased from M/s. Gupta Bros., Hapur:
  25 bags gram @ ₹ 480 per bag
  40 bags oats @ ₹ 25 per bag
  Less: Trade Discount @ 5%
  IGST @ 12% was payable on the purchases

Answer:

Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
2019                  
May 01
M/s Chunni Lal Mam Raj, Delhi    
 
 
 
 
 
 
  100 bags of ITC Wheat Atta @ Rs 530 per bag    
53,000
 
 
 
 
 
 
50 bags of Rice Basmati @ Rs 500 per bag    
25,000
 
 
 
 
 
 
     
78,000
 
 
 
 
 
 
Less: 10% T.D.    
7,800
 
 
 
 
 
 
     
70,200
 
 
 
 
 
 
Add: CGST @ 6%    
4,212
 
 
 
 
 
 
Add:  SGST @ 6%    
4,212
 
 
 
 
 
       
78,624
70,200
4,212
4,212
78,624
 
     
 
 
 
 
 
 
May 03
M/s Kanodia Oil Mills, Delhi    
 
 
 
 
 
 
 
40 tins Oil @ Rs 1,500 per tin    
60,000
 
 
 
 
 
 
20 tins Banaspati Oil @ Rs 900 per tin    
18,000
 
 
 
 
 
 
     
78,000
 
 
 
 
 
 
Less: 5% T.D.    
3,900
 
 
 
 
 
 
     
74,100
 
 
 
 
 
 
Add: CGST @ 6%    
4,446
 
 
 
 
 
 
Add:  SGST @ 6%    
4,446
 
 
 
 
 
 
     
82,992
74,100
4,446
4,446
82,992
May 03
M/s Gupta Bros., Hapur    
 
 
 
 
 
 
 
25 bags gram @ Rs 480 per bag    
12,000
 
 
 
 
 
 
40 bags Oats @ Rs 25 per bag    
1,000
 
 
 
 
 
 
     
13,000
 
 
 
 
 
 
Less: 5% T.D.    
650
 
 
 
 
 
 
     
12,350
 
 
 
 
 
 
Add:  IGST @ 12%    
1,482
 
 
 
 
 
 
     
13,832
12,350
1,482
13,832
         
1,56,650
8,658
8,658
1,482
1,75,448
         
 
 
 
 
 

Page No 11.42:

Question 2:

Verma Bros. Kolkata carry on business as wholesale cloth dealer. From the following, write up their Purchases Book for January, 2019:
 

Jan. 3 Purchased from M/s. Birla Mills, Kolkata:
  100 pieces long cloth @ ₹ 800 each
  50 pieces shirting @ ₹ 500 each
  CGST and SGST payable @ 6% each
Jan. 8 Purchased for cash from M/s. Ambika Mills, Ahmedabad:
  50 pieces muslin @ ₹ 1,000 each
  IGST payable @ 12%
Jan. 15 Purchased from M/s. Arvind Mills, Ahmedabad:
  20 pieces coating @ ₹ 2,000 each
  10 pieces shirting @ ₹ 500 each
  IGST payable @ 12%
Jan. 20 Purchased from M/s. Bharat Typewriters Ltd. Kolkata:
  5 typewriters @ ₹ 1,400 each
  CGST and SGST payable @ 6% each

Show the posting from Purchases Book to Ledger accounts also.

Answer:

Purchases Book of Verma Bros., Kolkata
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
2019                  
Jan 03
M/s Birla Mills, Kolkata    
 
 
 
 
 
 
  100 pieces long cloth @ Rs 800 each    
80,000
 
 
 
 
 
 
50 pieces shirting @ Rs 500 each    
25,000
 
 
 
 
 
 
     
1,05,000
 
 
 
 
 
 
Add: CGST @ 6%    
6,300
 
 
 
 
 
 
Add:  SGST @ 6%    
6,300
 
 
 
 
 
       
1,17,600
1,05,000
6,300
6,300
1,17,600
Jan 15
M/s Arvind Mills, Ahmedabad    
 
 
 
 
 
 
 
20 pieces coating @ Rs.2,000 each    
40,000
 
 
 
 
 
 
10 pieces shirting @ Rs.500 each    
5,000
 
 
 
 
 
 
      45,000
 
 
 
 
 
  Add: IGST @ 12%     5,400          
        50,400 45,000 - - 5,400 50,400
Jan 31        
1,50,000
6,300
6,300
5,400
1,68,000
         
 
 
 
 
 



Page No 11.43:

Question 3:

From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger:
 

2019  
April 1 Purchased from Videocon India Ltd., Kolkata;
  30 Colour T.Vs @ ₹ 15,000 each, less Trade Discount @ 10% plus IGST @ 12%. Freight charges ₹ 2,000.
April 15 Purchased from Sony India Ltd., Guwahati:
  10 colour T.Vs @ ₹  20,000 each less Trade Discount @ 10% plus CGST and SGST @ 6% each.
April 20 Purchased from Music India Ltd., Delhi:
  10 music systems @ ₹ 10,000 each less Trade Discount @ 15% plus IGST @ 12%.
April 30 Purchased from Videocon India Ltd., Kolkata:
  5 washing machines @ ₹ 15,000 each less Trade Discount @ 20%, plus IGST @ 12%, Freight charges ₹ 1,000.

Answer:

Purchases Book of Kamal, Guwahati
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Freight
Charges
Total
2019
April 01

Videocon India Ltd., Kolkata
   
 
 
 
 
 
 
 
  30 Color T.Vs. @ Rs.15,000 each    
4,50,000
 
 
 
 
 
 
 
  Less: 10% T.D.    
45,000
 
 
 
 
 
 
 
     
4,05,000
 
 
 
 
 
 
 
  Add:IGST @ 12%    
48,600
 
 
 
 
 
 
 
  Add:Freight Charges     2,000
 
 
 
 
 
 
       
4,55,600
4,05,000
48,600
2,000
4,55,600
 
     
 
 
 
 
 
 
 
April 15
Sony India Ltd., Guwahati    
 
 
 
 
 
 
 
 
10 Color T.Vs. @ Rs.20,000 each    
2,00,000
 
 
 
 
 
 
 
  Less: 10% T.D.    
20,000
 
 
 
 
 
 
 
     
1,80,000
 
 
 
 
 
 
 
  Add: CGST @ 6%    
10,800
 
 
 
 
 
 
 
  Add:  SGST @ 6%    
10,800
 
 
 
 
 
 
 
     
2,01,600
1,80,000
10,800
10,800
2,01,600
April 20 Music India Ltd., Delhi                  
  10 Music Systems @ Rs.10,000 each     1,00,000            
    Less: 15% T.D.     15,000            
        85,000            
    Add:  IGST @ 12%     10,200            
        95,200 85,000 10,200   95,200
April 30
Videocon India Ltd., Kolkata    
 
 
 
 
 
 
 
 
5 Washing Machines @ 15,000 each    
75,000
 
 
 
 
 
 
 
  Less: 20% T.D.    
15,000
 
 
 
 
 
 
 
     
60,000
 
 
 
 
 
 
    Add: IGST @ 12%     7,200            
 
  Add: Freight Charges    
1,000
 
 
 
 
 
 
 
     
68,200
60,000
 
7,200
1,000
68,200
April 30         7,30,000 10,800 10,800 66,000 3,000 8,20,600
         
 
 
 
 
 
 
 
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
             
April 30 Sundries of  Purchases as per            
  Purchases Book  for the month of April  
7,30,000
       
               
 
Freight Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 01 Videocon India Ltd.  
2,000
       
April 30 Videocon India Ltd.  
1,000
       
               
 
Videcon India Ltd.
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
        April 01 Purchases  
4,05,000
        April 01 Input IGST   48,600
        April 01 Freight   2,000
        April 30 Purchases   60,000
        April 30 Input IGST   7,200
     
 
April 30 Freight  
1,000
               
 
Soni India Ltd.
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
       
April 15
Purchases  
1,80,000
        April 15 Input CGST   10,800
     
 
April 15
Input SGST  
10,800
               
 
Music India Ltd.
Dr.  
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2019
     
       
April 20
Purchases  
85,000
       
April 20
Input IGST  
10,200
 
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
 
     
April 01
Videocon India Ltd.  
48,600
        April 20 Music India Ltd.   10,200
        April 30 Videocon India Ltd.   7,200
 
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
        April 15 Sony India Ltd.   10,800
               
 
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
 
     
April 15
Sony India Ltd.  
10,800
               
 
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
 
     
April 01
Videocon India Ltd.  
48,600
        April 20 Music India Ltd.   10,200
 
   
 
April 30
Videocon India Ltd.  
7,200
               

Page No 11.43:

Question 4:

The following purchases were made by Karam, Kolkata, during the month of April, 2019. Prepare Purchases Book and post into Ledger Accounts:
 

2019  
April 8 Purchased on credit from Subodh Brothers, Delhi:
5 chests of tea @ ₹ 7,000 per chest at a Trade Discount of 10% plus IGST @ 12% and packing and other charges ₹ 500.
April 12
 
Purchased in cash 20 boxes of tea @ ₹ 500 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each.
April 18 Purchased from Raj Furnishing House:
3 show cases @ ₹ 7,500 per case at a Trade Discount of 10% plus CGST and SGST @ 6% each.
April 20

 
Purchased from Siliguri Tea Agency, Siliguri, West Bengal: 15 boxes of tea @ ₹ 600 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each and packing and other charges ₹ 50.
April 25 Purchased from Darjeeling Tea House, Darjeeling, West Bengal: 5 kgs of Special Green Tea @ ₹ 500 per kg at a Trade Discount of 10% plus CGST and SGST @ 6% each for household consumption of proprietor.

Answer:

Books of M/s. B. K. Gupta, Kolkata
Purchases Books
Date
Particulars
L.F.
Details (₹)
Cost
(₹)
Input IGST
(₹)
Input CGST
(₹)
Input SGST
(₹)
Packing and Other Charges
(₹)
Total
(₹)
2019
   
 
 
 
   
 
 
April 08
Subodh Brothers, Delhi  
 
 
 
   
 
 
 
5 chests of tea @ ₹ 7,000 per chest  
35,000
 
 
   
 
 
 
  Less: 10% Trade Discount  
(3,500)
 
 
   
 
 
 
   
31,500
 
 
   
 
 
    Add: 12% IGST   3,780            
 
  Add: Packing and Other Charges  
500
           
      35,780 31,500 3,780 - - 500 35,780
 
   
 
 
 
   
 
 
April 20
Siliguri Tea Agency, Siliguri  
 
 
 
   
 
 
 
15 Boxes Tea @ ₹ 600 per Box  
9,000
 
 
   
 
 
 
  Less: 10% Trade Discount  
(900)
 
 
   
 
 
 
   
8,100
 
 
   
 
 
    Add: 6% SGST   486            
    Add: 6% CGST   486            
    Add: Packing and Other Charges  
00050
           
 
   
9,122
8,100
-
486
486
50
9,122
April 30
   
 
39,600
3,780
486 486
550
44,902
 
                 
   
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
             
April 30
Sundries of Purchases            
 
as per Purchases Book            
 
for the month of April  
39,600
       
 
   
 
       
 
             
 
Packing and Other Charges Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 08
Subodh BrotheRs  
500
       
April 20
Siliguri Tea Agency  
50
 
   
 
 
             
   
Subodh Brothers
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
       
April 08
Purchases  
31,500
       
April 08
Input IGST  
3,780
 
   
 
April 08
Freight and Other Charges  
500
               
 
Siliguri Tea Agency
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
 
 
 
2019
     
        April 20 Purchases  
8,100
        April 20 Input CGST  
486
        April 20 Input SGST   486
     
 
April 20 Freight and Other Charges  
50
               
 
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
             
April 08
Subodh Brothers  
3,780
       
 
             
 
Input CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 20
Siliguri Tea Agency  
486
 
   
 
 
             
 
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 20 Siliguri Tea Agency   486        
               

Page No 11.43:

Question 5:

Prepare Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open the Ledger Accounts also:
 

2019  
April 1 Sold to M/s. Gupta Furniture House, Delhi:
  100 Chairs @ ₹ 1,500 per chair
  40 Tables @ ₹ 2,000 per table 
  Less: Trade Discount @ 5%
  Charged IGST @ 12%
April 10 Sold to M/s. Ajit Singh & Sons, Kolkata:
  150 Desks @ ₹ 1,000 per desk
  160 Chairs @ ₹ 1,500 per chair
  Less: Trade Discount @ 5%
  Charged CGST and SGST @ 6% each
April 15 Sold to M/s. Ideal Furniture House, Darjeeling:
  10 Sofa sets @ ₹ 75,000 each 
  5 Almirahs @ ₹ 3,000 each
  25 Office Tables @ ₹ 4,000 each
  Less: Trade Discount @ 10%
  Charged CGST and SGST @ 6% each

Answer:

Sales Book of Hema Traders, Kolkata

       

Date

Particulars

Invoice No.

L.F.

Details
(
)

Sales Value

()

Output
IGST

()
Output CGST
()
Output SGST
()
Total
()

2019

 

 

 

 

 

       

April 01

M/s Gupta Furniture House,  Delhi

 

 

 

 

       

 

100 chairs@ 1,500 per chair

 

 

1,50,000

 

       

 

40 Tables @ 2,000per table

 

 

80,000

 

       

 

 

 

 

2,30,000

 

       

 

Less: 5% Trade Discount

 

 



(11,500)

 

       

 

 

 

 

2,18,500

 

       
  Add: 12% IGST      
26,220
         
        2,44,720 2,18,500 26,220 - - 2,44,720

April 10

M/s. Ajit Singh & Sons, Kolkata

 

 

 

 

       

 

150 Desks @ 1,000 per desk

 

 

1,50,000

 

       

 

160 Chairs @ 1,500 per chair.

 

 

2,40,000

 

       

 

 

 

 

3,90,000

 

       

 

Less: 5% Trade Discount

 

 

(19,500)

 

       

 

 

 

 

3,70,500

 

       
  Add: 6% CGST     22,230          
          6% SGST     22,230          
        4,14,960 3,70,500 - 22,230 22,230 4,14,960

April 15

M/s. Ideal Furniture House, Darjeeling

 

 

 

 

       

 

10 Sofa sets @ 75,000 each

 

 

7,50,000

 

       

 

5 Almirahs @ each 3,000 each

 

 

15,000

 

       

 

25 Office Tables @ 4,000 each

 

 

1,00,000

 

       

 

 

 

 

8,65,000

 

       
  Less: 10% Trade Discount     (86,500)          
        7,78,500          
  Add: 6% CGST     46,710          
          6% SGST     46,710          

 

 

 

 

8,71,920

7,78,500

  46,710 46,710 8,71,920

April 30

 

 

 

 

 

13,67,500

26,220 68,940 68,940 15,31,600

 

 

 

 

 

 

       
                     

 

 

 

Sales Account

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

 

 

 

 

2019

 

 

 

 

 

 

 

April 30

Sundries as per the Sales Book

 

13,67,500

 

 

 

 

 

 

 

 

 

 

M/s. Gupta Furniture House, Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

April 01

Sales

 

2,18,500

 

 

 

 

April 01 Output IGST   26,220        

 

 

 

 

 

 

 

 

 

 

M/s. Ajit Singh & Sons, Kolkata

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

April 10

Sales

 

3,70,500

 

 

 

 

April 10 Output CGST   22,230        
April 10 Output SGST   22,230        

 

 

 

 

 

 

 

 

 

 

M/s. Ideal Furniture House, Darjeeling

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

April 15

Sales

 

7,78,500

 

 

 

 

April 15 Output CGST   46,710        
April 15 Output SGST   46,710        

 

 

 

 

 

 

 

 

             
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
        2019      
        April 01 M/s Gupta Furniture House   26,220
               
 
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2019
     
        April 10 M/s. Ajit Singh & Sons   22,230
       
April 15
M/s. Ideal Furniture House  
46,710
 
             
 
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
        April 10 M/s. Ajit Singh & Sons   22,230
        April 15 M/s. Ideal Furniture House   46,710
               
               



Page No 11.44:

Question 6:

From the following particulars, prepare a Sales Book of M/s. Gyan Prasad & Bros., Delhi, dealers of stationery and post into Ledger Accounts:

2018  
July 1 Sold to M/s. Stationery Mart, Delhi:
  10 reams white paper @ ₹ 300 per ream  
  Charged CGST and SGST @ 6% each
July 2 Sold to M/s. Puran Chand & Co., Chandigarh:
  6 dozen pens @ ₹ 200 per dozen
  Charged IGST @ 12%
July 10 Sold old newspaper for ₹ 62
July 25 Sold on credit to M/s. Rahim & Co., Varanasi:
  10 Drawing Boards @ ₹ 500 per piece
  Charged IGST @ 12%
July 30 Sold to M/s. Kay Cee & Co., Delhi:
  4 Portable Study Tables @ ₹ 5,000 per table
  Charged CGST and SGST @ 6% each

Answer:

Books of M/s. B. K. Gupta, Kolkata
Purchases Books
Date
Particulars
Invoice No.
L.F.
Details (₹)
Sale Value
(₹)
Output IGST
(₹)
Output
CGST
(₹)
Output SGST
(₹)
Total
(₹)
2018
     
 
 
 
   
 
July 01
M/s Stationery Mart, Delhi    
 
 
 
   
 
 
10 reams white paper @ Rs.300 per ream    
3,000
 
 
   
 
 
     
 
 
 
   
 
    Add: 6% CGST     180          
 
           6% SGST    
180
         
        3,360 3,000 - 180 180 3,360
 
     
 
 
 
   
 
July 02
M/s Puran Chand & Company,Chandigarh    
 
 
 
   
 
 
6 dozens of pens @ Rs.200 per dozen    
1,200
 
 
   
 
 
  Add: 12% IGST    
144
 
 
   
 
 
     
1,344
1,200
144
- -
1,344
                   
July 25 M/s Rahim & Co.,Varanasi                
   10 Drawing Boards @ Rs.500 per piece     5,000          
  Add: 12% IGST     600          
        5,600 5,000 600 - - 5,600
July 30 M/s Kay Cee & Co., Delhi                
   4 Portable Study Tables @ Rs.5,000 per table     20,000
 
         
  Add: 6% CGST     1,200          
           6% SGST     1,200          
 
     
22,400
20,000
-
1,200 1,200 22,400
July 31
     
 
29,200
744
1,380 1,380
32,704
 
                 
   
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
        2018      
        July 31 Sundries of Sales as per Sales Book for the month of July   29,200
 
             
 
             
 
   
 
       
 
             
 
M/s Stationery Mart, Delhi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
     
 
     
July 01 Sales   3,000        
July 01 Output CGST   180        
July 01
Output SGST  
180
       
 
             
   
M/s Puran Chand & Co., Chandigarh
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
             
July 02 Sales   1,200        
July 02 Output IGST   144        
 
   
 
       
               
 
M/s Rahim & Co., Varanasi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
 
 
 
       
July 20 Sales   5,000        
July 20 Output IGST   600        
               
     
 
       
               
 
Output  IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
        2018      
        July 02 M/s Puran Chand & Co., Chandigarh   144  
     
 
July 20 M/s Rahim & Co.,Varanasi   600
               
 
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2018
     
        July 01 M/s Stationery Mart, Delhi   180
       
July 30
M/s Kay Cee & Co., Delhi  
1,200
 
             
 
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2018
     
        July 01 M/s Stationery Mart, Delhi   180
        July 01 M/s Kay Cee & Co., Delhi   1,200
               
     
M/s Kay Cee & Co., Delhi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2018
     
 
     
July 30 Sales   20,000        
July 30 Output CGST   1,200        
July 30
Output SGST  
1,200
       
 
             
           

Page No 11.44:

Question 7:

From the following particulars, prepare Sales Book of Gupta & Co., Kolkata who deals in furniture:
 

2019  
Jan. 5 Sold to Hari & Co., Kolkata:
  10 Tables @ ₹ 1,100 each
  20 Chairs @ ₹ 1,000 each
  Charged CGST and SGST @ 6% each
Jan. 10 Sold to M/s. Sharma & Co., Delhi:
  5 Almirahs @ ₹ 5,000 each
  5 Stools @ ₹ 1,000 each
  Charged IGST @ 12%
Jan. 20 Sold old printer for ₹ 600 to Raja & Co., Kolkata
  Charged CGST and SGST @ 6% each
Jan. 25 Sold to M/s. Sohan Lal & Bros., Kolkata:
  5 Tables @ ₹ 2,500 each
  1 Revolving Chair @ ₹ 5,000
  Charged CGST and SGST @ 6% each

Show the Posting from Sales Book to Ledger Accounts.

Answer:

 

Sales Book of Gupta & Co., Kolkata

Date

Particulars

Invoice No.

L.F.

Details

()

Sales Value

()

Output

IGST

()

Output

CGST

()

Output

SGST

()

Total

()

2019

 

 

 

 

 

 

 

 

 

Jan.05

Hari & Co., Kolkata

 

 

 

 

 

 

 

 

 

20 Chairs@ Rs 1,000 per chair

 

 

20,000

 

 

 

 

 

 

10 Tables @ Rs 1,100 per table

 

 

11,000

 

 

 

 

 

 

 

 

 

31,000

 

 

 

 

 

 

Add: 6% CGST
        6% SGST
 

 

 

1,860
1,860
 

 

 

 

 

 

 

 

 

 

34,720

31,000

 

1,860

1,860

34,720

Jan.10

M/s. Sharma & Co., Delhi

 

 

 

 

 

 

 

 

 

5 Almirahas @ Rs. 5,000 each

 

 

25,000

 

 

 

 

 

 

5 Stools @ Rs. 1,000 each

 

 

5,000

 

 

 

 

 

 

 

 

 

30,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add: 12% IGST

 

 

3,600

 

 

 

 

 

 

       

 

 

 

 

 

 

 

 

 

 

 

 

33,600

30,000

3,600

   

33,600

Jan. 25

M/s. Sohan Lal & Brothers, Kolkata

 

 

 

 

 

 

 

 

 

5 Tables @ Rs 2,500 each

 

 

12,500

 

 

 

 

 

 

Revolving Chair @ Rs. 5,000 each

 

 

5,000

 

 

 

 

 

 

 

 

 

17,500

 

 

 

 

 

 

Add: 6% CGST

 

 

1,050

 

 

 

 

 

 

        6% SGST

 

 

1,050

 

 

 

 

 

 

 

 

 

19,600

17,500

 

1,050

1,050

19,600

Jan 31

 

 

 

 

 

78,500

3,600

2,910

2,910

87,920

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

 

 

 

 

2019

 

 

 

 

 

 

 

Jan 31

Sundries as per the Sales Book

 

78,500

 

 

 

 

 

 

 

 

 

 

Hari & Co., Kolkata

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

Jan 05

Sales

 

31,000

 

 

 

 

Jan 05 Output CGST   1,860        
Jan 05 Output SGST   1,860        

 

 

 

 

 

 

 

 

 

 

M/s. Sharma & Co. , Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

Jan 10

Sales

 

30,000

 

 

 

 

Jan 10 Output IGST   3,600        

 

 

 

 

 

 

 

 

 

 

M/s. Sohan Lal & Brothers, Kolkata

Dr.

Cr.

Date

Particulars

J.F.

Amount ()

Date

Particulars

J.F.

Amount ()

2019

 

 

 

 

 

 

 

Jan 25

Sales

 

17,500

 

 

 

 

Jan 25 Output CGST   1,050        
Jan 25 Output SGST   1,050        

 

 

 

 

 

 

 

 

             
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
        2019      
        Jan 10 M/sSharma & Co.   3,600
               
 
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2019
     
        Jan 05 M/s. Hari & Co.   1,860
        Jan 25 M/s. Sohan Lal Brothres   1,050
 
             
 
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
        Jan 05 M/s. Hari & Co.   1,860
        Jan 25 M/s. Sohan Lal Brothres   1,050
               
               



Page No 11.45:

Question 8:

Prepare Purchases and Sales Book from the following transactions of Rahul, Bengaluru:

2019  
Jan. 1 Bought from M/s. Uma Datt, Mumbai:
  1,000 Registers @ ₹ 80 each
  50 Reams Paper @ ₹ 250 per ream
  Less: Trade Discount 25%
  Plus: IGST @ 5%
Jan. 2 Sold to Shri Dayal, Bengaluru:
  250 Registers @ ₹ 85 each
  5 Reams paper @ ₹ 300 per ream
  Charged CGST and SGST @ 2.5% each
Jan. 8 Bought from BILT, Delhi:
  100 Reams Ruled Paper @ ₹ 600 per ream
  Less: Trade Discount 15%
  Plus IGST @ 5%
Jan. 12 Sold to Gupta Bros., Delhi:
  250 Registers @ ₹ 85 each
  50 Reams Ruled Paper @ 700 per ream
  Less: Trade Discount 5%, charged IGST @ 5%
Jan. 18 Sold to Ram Saran Das:
  20 copies Double Entry Book Keeping @ ₹ 85 each
Jan. 25 Bought from Hari Ram, Delhi:
  1,000 pens @ ₹ 10 each
  Less: Trade Discount 15%
  Plus IGST @ 5%
Jan. 31 Sold to Rishi Kumar, Bengaluru:
  300 Registers @ ₹ 90 each
  50 Reams Ruled Paper @ ₹ 700 per ream
  20 Reams Paper @ ₹ 300 per ream
  Less: Trade Discount 10%, charged CGST and SGST @ 2.5% each

Answer:

Purchases Book of Rahul, Bengaluru
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
IGST
Total
2019              
Jan. 01
M/s Uma Dutt, Mumbai    
 
 
 
 
  1,000 Registers @ Rs. 80 each    
80,000
 
 
 
 
50 Reams Paper@ Rs. 250per ream    
12,500
 
 
 
 
     
92,500
 
 
 
 
Less: 10% T.D.    
23,125
 
 
 
 
     
69,375
 
 
 
 
Add: IGST @ 5%    
3,469
 
 
 
 
       
 
 
 
       
72,844
69,375
3,469
72,844
 
     
 
 
 
 
Jan. 08
BILT, Delhi    
 
 
 
 
 
100 Reams Ruled Paper @ Rs. 600 per ream    
60,000
 
 
 
 
Less: 15% T.D.    
9,000
 
 
 
 
     
51,000
 
 
 
 
Add: IGST @ 5%    
2,550
 
 
 
 
       
 
 
 
 
     
53,550
51,000
2,550
53,550
Jan. 25
Hari Ram, Delhi    
 
 
 
 
 
1,000 Pens @ Rs. 10 each    
10,000
 
 
 
 
Less: 15% T.D.    
1,500
 
 
 
 
     
8,500
 
 
 
 
Add:  IGST @ 5%    
425
 
 
 
 
     
8,925
8,500
425
8,925
Jan. 31        
1,28,875
6,444
1,35,319
         
 
 
 


 

Sales Book of Rahul, Bengaluru

       

Date

Particulars

Invoice No.

L.F.

Details
(
)

Sales Value

()

Output
IGST

()
Output CGST
()
Output SGST
()
Total
()

2019

 

 

 

 

 

       

Jan. 02

Shri Dayal, Bengalur

 

 

 

 

       

 

250 Registers @ Rs. 85 each

 

 

21,250

 

       

 

5 Reams Paper @ Rs. 300 per ream

 

 

1,500

 

       

 

 

 

 

22,750

 

       

 

Add: 2.5% CGST
          2.5% SGST

 

 

569
569
 

 

       

 

 

 

 

23,888

22,750

- 569 569 23,888
                   
                   

Jan. 12

M/s.Gupta Bros., Delhi

 

 

           

 

250 Registers @ Rs. 85 each

 

 

21,250

 

       

 

50 Reams Ruled Paper @ Rs. 700 per ream

 

 

35,000

 

       

 

 

 

 

56,250

 

       

 

Less: 5% Trade Discount

 

 

(2,812)

 

       

 

 

 

 

53,438

 

       
  Add: 5% IGST     2,672          
              56,110 53,438 2,672 - - 56,110
                   

Jan. 18

Ram Saran Das

 

 

 

 

       

 

20 copies Double Entry Book Keeping @ Rs. 85 each

 

 

1,700

 

       

 

       

1,700

- - - 1,700

Jan. 31

Rishi Kumar, Bengaluru

 

 

 

 

       
  300 Registers @ Rs. 90 each     27,000          
  50 Reams Ruled Paper @ Rs. 700 per ream     35,000          
  20 Reams Paper @ Rs. 300 per ream     6,000          
        68,000          
  Less: 10% Trade Discount     6,800          
        61,200          
  Add: 2.5% CGST     1,530          
          2.5% SGST     1,530          

 

 

 

 

64,260

61,200

- 1,530 1,530 64,260

Jan. 31

 

 

 

 

 

1,39,088

2,672 2,099 2,099 1,45,958

 

 

 

 

 

 

       
                     

 

 

 

 

 

 

 

 

 

                 

Page No 11.45:

Question 9:

Prepare Purchases Return Book of Aruna Stores, Kolkata from the following transactions and post them into Ledger:
 

2019  
Jan. 10 Returned to Sohan & Sons, Kolkata:
  10 Rohtas fans 36'' @ ₹ 1,250 each
  Trade Discount 10%
  CGST and SGST was paid @ 6% each
Jan. 25 Returned to Ram & Co., Delhi:
  25 Tubelights @ ₹ 200 each
  IGST was paid @ 12%

Answer:

Books of Aruna Stores

Purchases Return Book

       

Date

Particulars

Debit Note

No

L.F.

Details

()

Cost

()

Input CGST
()
Input CGST
()
Input IGST
()
Total
()

2019

 

 

 

 

 

       

Jan.10

Sohan & Sons, Kolkata

 

 

 

 

       

 

10 Rohtas Fan 36” @ 1,250 each

 

 

12,500

 

       

 

Less: 10% Trade Discount

 

 

(1,250)

 

       

 

 

 

 

11,250

 

       
  Add: 6% CGST     675          
          6% SGST     675          
        12,600 11,250 675 675 - 12,600
                   

Jan.25

Ram & Co.

 

 

 

 

       
  25 Tubelights @ Rs. 200 each     5,000          
  Add: 12% IGST     600          

 

 

 

 

5,600

5,000

- - 600 5,600

Jan. 31

   

 

 

 

16,250 675 675 600 18,200

 

 

 

 

 

 

       

 



Page No 11.46:

Question 10:

Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2019:
 

2019  
April 6 Returned goods to Ramesh Brothers, Delhi purchased for ₹ 5,000 plus CGST and SGST @ 6% each
April 8 Returned goods to Sohan Brothers, Meerut purchased for ₹ 10,000 plus IGST @ 12%
April 17 Returned goods to Mahesh Brothers of ₹ 2,000 plus CGST and SGST @ 6% each

Answer:

Books of Kamla Stores

Purchases Return Book

         
           

Date

Particulars

Debit

Note No

L.F.

Details

()

Cost
()
Input CGST
()
Input SGST
()
Input IGST
()
Total
()

2019

 

 

 

           

April 06

Ramesh Brothers, Delhi

 

 

5,000          
  Add: 6% CGST     300          
          6% SGST     300          
        5,600 5,000 300 300 - 5,600
                   

April 08

Sohan Brothers, Meerut

 

 

10,000          
  Add: 12% IGST     1,200          
        11,200 10,000 - - 1,200 11,200
                   
April 17 Mahesh Brothers     2,000          
  Add: 6% CGST     120          
          6% SGST     120          

 

 

 

 

2,240 2,000 120 120 - 2,240

April 30

   

 

 

  17,000 420 420 1,200 19,040

 

 

 

 

           

 

Page No 11.46:

Question 11:

Prepare Sales Return Book of Shiv Shankar, Delhi from the following transactions and post them into Ledger:
 

2019  
Feb. 10  Rama Stores, Delhi returned:
   2 Televisions Sony sold @ ₹ 20,000 each plus CGST and SGST @ 9% each
Feb. 20  Sohan Singh & Co. Dehradun returned:
   3 Washing Machines Videocon sold @ ₹ 10,000 each plus IGST @ 18%

Answer:

 

Sales Return Book of Shiv Shankar, Delhi

       

Date

Particulars

Credit Note No.

L.F.

Details

()

Sales Value

()

Output CGST
()
Output SGST
()
Output IGST
()
Total
()

2019

 

 

 

 

 

       

Feb.10

Rama Stores, Delhi

 

 

 

 

       

 

2 Television Sony sold @ Rs. 20,000 each

 

 

40,000

 

       
  Add: 9% CGST     3,600          
           9% SGST     3,600          

 

 

 

 

47,200

40,000

3,600 3,600 - 47,200
                   

Feb.20

Sohan Singh & Co., Dehradun

 

 

 

 

       
  3 Washing Machines Videocon sold @ Rs. 10,000 each     30,000          
  Add: 18% IGST     5,400          

 

 

 

 

35,400

30,000

- - 5,400 35,400

Feb. 28

   

 

 

 

70,000

3,600 3,600 5,400 82,600

 

 

 

 

 

 

       

 

Page No 11.46:

Question 12:

Enter the following transactions in the Sales Return Book of Raj Computers, Delhi:

2018  
July 1 Sohan & Sons returned 2 Laptops HP sold @ ₹ 40,000 each plus CGST and SGST @ 6% each
July 2 Ramesh & Sons, Noida returned 2 'Ricoh' printers sold @ ₹ 10,000 each plus IGST @ 12%
July 25 Dinesh, Chandigarh returned 10 HP Desktops sold @ ₹ 20,000 each plus IGST @ 12% for delayed supply
July 26 Computer Mouse returned by Ravi, Delhi sold to him for cash ₹ 2,000 plus CGST and SGST @ 6% each

Write up the Ledger Accounts.

Answer:

 

Sales Return Book of Raj Computers, Delhi

       

Date

Particulars

Credit Note No

L.F.

Details

(Rs)

Sales Value

(Rs)

Output CGST
(Rs.)
Output SGST
(Rs.)
Output
IGST
(Rs.)
Total
(Rs.)

2018

 

 

 

 

 

       

July 01

Sohan & Sons, Delhi

 

 

 

 

       

 

2 Laptops HP sold @ Rs. 40,000 each

 

 

80,000

         
  Add: 6% CGST     4,800          
           6% SGST     4,800          
        89,600 80,000 4,800 4,800 - 89,600

 

 

 

 

 

         

July 02

Ramesh  & Sons, Noida

 

 

 

         

 

2 Ricoh Printers sold @ Rs. 10,000 each

 

 

20,000

         
  Add: 12% IGST     2,400          
        22,400 20,000 - - 2,400 22,400

 

 

 

 

 

         

July 25

Dinesh, Chandigarh

 

 

 

         

 

10 HP Desktop sold @ Rs. 20,000 each

 

 

2,00,000

         
  Add:12% IGST     24,000          

 

 

 

 

2,24,000

2,00,000 - - 24,000 2,24,000

July 31

   

 

 

 

3,00,000 4,800 4,800 26,400 3,36,000

 

 

 

 

 

 

       

 

Page No 11.46:

Question 13:

Prepare Returns Inward and Return Outward Books of Manoj, Mumbai from the following transactions and post them into Ledger Accounts:
 

2019  
March 1 Mathur Bros., New Delhi, returned:
  5 pairs of Shoes for being defective @ ₹ 2,000 per pair
  Less: Trade Discount 10%, IGST was charged @ 18%
March 5 Returned to Kanpur Leather Private Ltd., Kanpur:
  100 pairs of Chappals being not up to the approved sample. They were purchased @ ₹ 300 per pair
  Less: Trade Discount 15%
  IGST was paid @ 18%
March 12 Baluja Shoes Co., Mumbai, returned 12 pairs of ladies chappals sold to them @ ₹ 4,000 per pair
  Less: Trade Discount 10%, CGST and SGST was charged @ 9% each
March 20 Returned to Bata Shoes Pvt Ltd., Mumbai: 
  100 pairs B.S.C Canvas Shoes @ ₹ 500 per pair
  Less: Trade Discount 15%
  CGST and SGST was paid @ 9% each

Answer:

Returns Inward Book

       

Date

Particulars

Credit Note No

L.F.

Details

()

Sales Value

()

Output CGST
()
Output SGST
()
Output IGST
()
Total
()

2019

 

 

 

 

 

       

March 01

Mathur Bros., New Delhi

 

 

 

 

       

 

5 pairs of Shoes @ Rs 2,000 per pair

 

 

10,000

 

       

 

Less: 10% Trade Discount

 

 

(1,000)

 

       

 

 

 

 

9,000

 

       
  Add: 18% IGST     1,620          
        10,620 9,000 - - 1,620 10,620
                   

March 12

Baluja Shoes Co., Delhi

 

 

 

 

       

 

12 pairs of Ladies Chappals @ Rs 4,000 per pair

 

 

48,000

 

       

 

Less: 10% Trade Discount

 

 

(4,800)

 

       

 

 

 

 

43,200

 

       
  Add: 9% CGST     3,888          

 

         9% SGST

    3,888          
     

 

 

50,976

43,200

3,888 3,888 - 50,976

March 31

 

 

 

 

52,200

3,888 3,888 1,620 61,596

 

 

 

 

 

 

       

 

 

Returns Outward Book

       

Date

Particulars

Debit Note No

L.F.

Details

()

Cost

()

Input CGST
()
Input SGST
()
Input IGST
()
Total
()

2019

 

 

 

 

 

       

March 05

Kanpur Leather Private Ltd., Kanpur

 

 

 

 

       

 

100 pairs of Chappals @ Rs 300 per pair

 

 

30,000

 

       

 

Less: 15% Trade Discount

 

 

(4,500)

 

       

 

 

 

 

25,500

 

       
  Add: 18% IGST     4,590          
        30,090 25,500 - - 4,590 30,090
                   

March 20

Bata Shoes Pvt. Ltd., Mumbai

 

 

 

 

       

 

100 pairs B.S.C Canvas Shoes @ Rs 500 per pair

 

 

50,000

 

       
 

Less: 15% Trade Discount

    (7,500)          
        42,500          
  Add: 9% CGST     3,825          
          9% SGST     3,825          

 

 

 

 

50,150

42,500

3,825 3,825 - 50,150

 

Return Outward A/c

Cr.

 

 

 

68,000

3,825 3,825 4,590 80,240

 

 

 

 

 

 

       

 



Page No 11.47:

Question 14:

(Closing Entries). Give the necessary entries in the Journal Proper of Ram on 31st March, 2019 to close their books:
Freehold Premises ₹ 30,000; Plant and Machinery ₹ 20,000; Sundry Debtors ₹ 25,000; Purchases ₹ 37,500; Sales ₹ 95,000; Discount (Dr.) ₹ 150; Discount (Cr.) ₹ 175; Sundry Creditors ₹ 12,500; Carriage Inwards ₹ 375; Carriage Outwards ₹ 600; Furniture and Fixtures ₹ 2,500; Wages ₹ 5,000; Bad debts ₹ 750; Salaries ₹ 3,600; Commission (Cr.) ₹ 2,125; Capital Account − ₹ 25,000; Bills Payable ₹ 7,500; Bills Receivable ₹ 9,000; Trade Expenses ₹ 2,550; Ram's Loan Account ₹ 20,000; Cash in Hand ₹ 75; Cash at Bank ₹ 3,125. 

Answer:

Journal
Date
Particulars
L.F.
Debit
Amount
(Rs)
Credit
Amount
(Rs)
 
Trading A/c
Dr.
 
42,875
 
 
  To Purchases A/c
 
 
 
37,500
 
  To Carriage Inwards A/c
 
 
 
375
 
  To Wages A/c
 
 
 
5,000
 
(Direct expenses debited to Trading A/c)
 
 
 
 
 
 
 
 
 
 
 
Sales A/c
Dr.
 
95,000
 
 
  To Trading A/c
 
 
 
95,000
 
(Sales credited to Trading A/c)    
 
 
 
 
 
 
 
 
 
Trading A/c
Dr.
 
52,125
 
 
  To Profit & Loss A/c
 
 
 
52,125
 
(Transfer of gross profit to Profit &Loss A/c)
 
 
 
 
 
 
 
 
 
 
 
Profit & Loss A/c
Dr.
 
7,650
 
 
  To Discount A/c
 
 
 
150
 
  To Carriage Outwards A/c
 
 
 
600
 
  To Bad Debts A/c
 
 
 
750
 
  To Salaries A/c
 
 
 
3,600
 
  To Trade Expenses A/c
 
 
 
2,550
 
(Indirect expenses debited to P&L A/c)
 
 
 
 
 
 
 
 
 
 
 
Discount A/c
Dr.
 
175
 
 
Commission A/c
Dr.
 
2,125
 
 
  To Profit & Loss A/c
 
 
 
2,300
 
(Indirect incomes credited to P&L A/c)
 
 
 
 
 
 
 
 
 
 
 
Profit & Loss A/c
Dr.
 
46,775
 
 
  To Capital A/c
 
 
 
46,775
 
(Transfer of net profit to Capital A/c)
 
 
 
 

Page No 11.47:

Question 15:

(Transfer Entries). Give the Journal entries for the following:
(i) Gross Profit of ₹ 32,000 from Trading Account to Profit and Loss Account.
(ii) Net Profit of ₹ 14,500 to Capital Account of Sri Sankar Saha. 
(iii) Sri Sankar Saha draws ₹ 10,000 from his Capital Account.
(iv) Purchases Return of ₹ 7,000 plus IGST @ 12%.
(v) Sales Return of ​₹ 6,000 plus CGST and SGST @ 6% each.

Answer:

Journal
Date
Particulars
L.F.
Debit
Amount
(Rs)
Credit
Amount
(Rs)
(i)
Trading A/c
Dr.
 
32,000
 
 
  To Profit & Loss A/c
 
 
 
32,000
 
(Transfer of gross profit to Profit &Loss A/c)
 
 
 
 
 
 
 
 
 
 
(ii)
Profit & Loss A/c
Dr.
 
14,500
 
 
  To Sri Sankar Saha’s Capital A/c
 
 
 
14,500
 
(Transfer of net profit to Capital A/c)
 
 
 
 
 
 
 
 
 
 
(iii)
Sri Sankar Saha’s Capital A/c Dr.  
10,000
 
 
  To Drawings A/c
 
 
 
10,000
 
(Withdrawals from capital)
 
 
 
 
 
 
 
 
 
 
(iv)
Cash A/c
Dr.
 
7,840
 
 
  To Purchases Return A/c
 
 
 
7,000
 
  To Input IGST A/c
 
 
 
840
 
(Goods returned by us)
 
 
 
 
 
 
 
 
 
 
(v)
Sales Return A/c
Dr.
 
6,000
 
 
Output CGST A/c
Dr.
 
360
 
 
Output SGST A/c
Dr.
 
360
 
 
  To Cash A/c
 
 
 
6,720
 
(Goods returned by customers)
 
 
 
 

Page No 11.47:

Question 16:

(Adjustment Entries) From the following information available on 31st March, 2019, pass the necessary Adjustment Entries in the Journal for the year ending on that date:
(i) Interest accrued ₹ 2,500.
(ii) Wages for March, 2019 outstanding ₹ 10,000.
(iii) Insurance prepaid ₹ 1,500.
(iv) Commission due to manager 6% on net profit after charging such commission. The profit before charging such commission was ₹ 1,06,000. 
(v) Interest due on loan but not paid. Loan of ₹ 1,50,000 was taken at 9% p.a. 9 months before end of the year.

Answer:

Journal

S. No.

Particulars

L.F.

Debit

Amount

()

Credit

Amount

()

2019

 

 

 

 

March 31

Accrued Interest A/c

Dr.

 

2,500

 

 

To Interest A/c

 

 

2,500

 

(Interest accrued)

 

 

 

 

 

 

 

 

March 31

Wages A/c

Dr.

 

10,000

 

 

To Wages Outstanding A/c

 

 

10,000

 

(Wages for the month of March outstanding)

 

 

 

 

 

 

 

 

March 31

Prepaid Insurance A/c

Dr.

 

1,500

 

 

To Insurance A/c

 

 

1,500

 

(Insurance paid in advance)

 

 

 

 

 

 

 

 

March 31

Manager’s Commission A/c

Dr.

 

6,000

 

 

To Manager’s Commission Payable A/c

 

 

6,000

 

(Manager Commission Charged on Net Profit)

 

 

 

 

Note:

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31

Interest on Loan A/c

Dr.

 

10,125

 

 

To Interest Outstanding A/c

 

 

10,125

 

(Interest on Loan Outstanding for 9 months)

 

 

 

 

Note:

 

 

 

 

 

 

 

 

 



Page No 11.48:

Question 17:

Enter the following transactions in proper Subsidiary Books of Ram, Lucknow (UP) for the month of January 2019:
 

2019  
Jan. 1 Sold goods to Ramesh of Delhi for ₹ 15,000, charged IGST @ 12%  
Jan. 1 Bought goods from Hari Ram, Kanpur (UP) for ₹ 8,000, plus CGST and SGST @ 6% each  
Jan. 2 Ramesh returned goods 1,000
Jan. 2 Sold goods to Dina Nath, Lucknow of ₹ 10,000, charged CGST and SGST @ 6% each  
Jan. 2 Purchased goods form Mangal, Kolkata of ₹ 50,000, plus IGST @ 12%  
Jan. 4 Returned goods to Mangal 5,000
Jan. 4 Sold goods to Zakir Hussain, Lucknow of ₹ 5,000 plus CGST and SGST @ 6% each  
Jan. 5 Zakir Hussain returned goods 500
Jan. 7 Returned goods to Hari Ram 500
Jan. 9 Purchased goods from Raghunath, Delhi of ₹ 10,000 subject to a Trade Discount of 10%, plus IGST @ 12%  
Jan. 10 Sold goods to Raja Ram subject to Trade Discount of 5%, charged CGST and SGST @ 6% each 5,000

Answer:

Books of Ram

Sales Book

       

Date

Particulars

Invoice No.

L.F.

Details (₹)

Amount (₹)

Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)

2019

 

 

 

 

 

       

Jan.01

Ramesh,Delhi

 

 

15,000

 

       
  Add: 12% IGST     1,800          
        16,800 15,000 - - 1,800 16,800
                   

Jan.02

Dina Nath, Lucknow

 

 

10,000

         
  Add: 6% CGST     600          
          6% SGST     600          
        11,200 10,000 600 600 - 11,200
                   

Jan.04

Zakir Hussain, Lucknow

 

 

5,000

         
  Add: 6% CGST     300          
          6% SGST     300          
        5,600 5,000 300 300 - 5,600
                   

Jan.10

Raja Ram

 

 

5,000

         

 

Less: 5% Trade Discount

 

 

250

         

 

 

 

 

4,750          
        285          
        285          

 

 

 

 

5,320 4,750 285 285 - 5,320

Jan 31

     

 

 

34,750 1,185 1,185 1,800 38,920

 

 

 

 

 

 

       
                     

 

 

Purchases Book

       

Date

Particulars

Invoice No.
 

L.F.

Details (₹)

Amount (₹)

Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)

2019

 

 

 

 

 

       

Jan.01

Hari Ram, Kanpur (UP)

 

 

8,000

 

       
  Add: 6% CGST     480          
          6% SGST     480          
        8,960 8,000 480 480 - 8,960
                   

Jan.02

Mangal, Kolkata

 

 

50,000

         
  Add: 12% IGST     6,000          
        56,000 50,000 - - 6,000 56,000
                   
Jan.09 Raghunath, Delhi  

 

10,000

         
  Less: 10% Trade Discount     1,000          
        9,000          

 

Add: 12% IGST

 

 

1,080          

 

 

 

 

10,080 9,000 - - 1,080 10,080

Jan.31

     

 

 

67,000 480 480 7,080 75,040

 

 

 

 

 

 

       
                     

 

Sales Return Book

       

Date

Particulars

Credit Note No.

L.F.

Details (₹)

Amount (₹)

Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)

2019

 

 

 

 

 

       

Jan.02

Ramesh, Delhi

 

 

1,000

         
  Add: 12% IGST     120          
        1,120 1,000 - - 120 1,120
                   

Jan.05

Zakir Hussain, Lucknow

 

 

500

         
  Add: 6% CGST     30          
           6% SGST     30          
     

 

560

500 30 30 - 560

Jan.31

     

 

 

1,500 30 30 120 1,680

 

 

 

 

 

 

       
                     

 

Purchases Return Book

       

Date

Particulars

Debit Note No.

L.F.

Details (₹)

Amount (₹)

Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)

2019

 

 

 

 

         

Jan.04

Mangal, Kolkata

 

 

5,000

         
  Add: 12% IGST     600          
        5,600 5,000 - - 600 5,600
                   
Jan.07 Hari Ram, Kanpur (UP)     500          
  Add: 6% CGST          30          
           6% SGST     30          

 

 

 

 

560

500 30 30 - 560

Jan.31

     

 

 

5,500 30 30 600 6,160

 

 

 

 

 

 

       

 

Page No 11.48:

Question 18:

Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for April, 2019 and post the totals in the Ledger.
 

2019  
April 1 Purchased from Ram Prasad, Chennai:
  100 metres Silk @ ₹ 400 per metre 
  75 metres Velvet @ ₹ 150 per metre
  Plus IGST @ 12%
April 10 Sold to Rati Ram, Ahmedabad:
  60 metres Silk @ ₹ 500 per metre 
  10 metres Velvet @ ₹ 200 per metre
  Charged IGST @ 12%
April 12 Sold to Ramaswami, Kochi
  10 metres Silk @ ₹ 550 per metre
  10 metres Velvet @ ₹ 200 per metre
  Charged CGST and SGST @ 6% each
April 18 Roop Narain & Sons Kochi purchased from us:
  10 metres Silk @ ₹ 550 per metre 
  5 metres Velvet @ ₹ 200 per metre
  Allowed Trade Discount 10%, charged CGST and SGST @ 6% each
April 22 Purchased from Man Mohan Lal, Varanasi: 
  Shirting Cloth ₹ 10,000 
  Sarees ₹ 60,000
  Received Trade Discount 10%, plus IGST @ 12%
April 23 Sold to Brij Mohan & Bros., Mathura: 
  Shirting Cloth ₹ 7,000
  Sarees ₹ 25,000
  Charged IGST @ 12%


 


 

Answer:

Purchases Book

       

Date

Particulars

Invoice No.

L.F.

Details (₹)

Cost

(₹)

Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)

2019

 

 

 

 

 

       

April 01

Ram Prasad, Chennai

 

 

 

 

       

 

100 metres Silk @ Rs 400 per metre

 

 

40,000

 

       

 

75 metres Velvet @ Rs 150 per metre

 

 

11,250

 

       

 

 

 

 

51,250

 

       
  Add: 12% IGST     6,150          

 

 

 

 

57,400

51,250

- - 6,150 57,400
                   

April 22

Man Mohan Lal, Varanasi

 

 

 

 

       

 

Shirting Cloth

 

 

10,000

 

       
  Saris     60,000          

 

 

 

 

70,000

 

       
  Less: 10% Trade Discount     7,000          
        63,000          
  Add: 12% IGST     7,560          
        70,560 63,000 - - 7,560 70,560

April 30

     

 

 

1,14,250

- - 13,710 1,27,960

 

 

 

 

 

 

       
                     

 

 

Sales Book

       

Date

Particulars

Invoice No.

L.F.

Details (₹)

Amount

(₹)

Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)

2019

 

 

 

 

 

       

April 10

Rati Ram, Ahmedabad

 

 

 

 

       

 

60 metres Silk @ Rs 500 per metre

 

 

30,000

 

       

 

10 metres Velvet @ Rs 200 per metre

 

 

2,000

 

       

 

 

 

 

32,000

 

       
  Add: 12% IGST     3,840          
        35,840 32,000 - - 3,840 35,840
                   

April 12

Ramaswami, Kochi

 

 

 

 

       
 

10 metres Silk @ Rs 550 per metre

    5,500          

 

10 metres Velvet @ Rs 200 per metre

 

 

2,000

 

       

 

 

 

 

7,500

 

       
  Add: 6% CGST     450          
          6% SGST     450          
        8,400 7,500 450 450 - 8,400
                   

April 18

Roop Narain & Sons, Kochi

 

 

 

 

       
 

10 metres Silk @ Rs 550 per metre

    5,500          

 

5 metres Velvet @ Rs 200 per metre

 

 

1,000

 

       

 

 

 

 

6,500

 

       
  Less: 10% Tade Discount     650          
        5,850          
   Add: 6% CGST           351          
           6% SGST     351          
        6,552 5,850 351 351 - 6,552
                   
April 23 Brij Mohan & Bros, Mathura                
  Shirting Cloth     7,000          

 

Saris

 

 

25,000

 

       
 

 

    32,000          
  Add: 12% IGST     3,840          

 

 

 

 

35,840

32,000

- - 3,840 35,840

April 30

     

 

 

77,350

801 801 7,680 86,632

 

 

 

 

 

 

       

 

   
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
             
April 30
Sundries of Purchases            
 
as per Purchases Book            
 
for the month of April  
1,14,250
       
 
   
 
       
 
             
 
Ramprasad , Chennai
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2019
     
        April 01 Purchases   51,250
        April 01 Input IGST   6,150
 
             
   
Man Mohan Lal, Varanasi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
       
April 22
Purchases  
63,000
       
April 22
Input IGST  
7,560
               
 
Rati Ram, Ahmedabad
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
 
 
 
       
April 10 Sales   32,000        
April 10 Output IGST   3,840        
               
 
Ramaswami, Kochi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
             
April 12
Sales  
7,500
       
April 12 Output CGST   450        
April 12 Output SGST   450        
 
             
 
Roop Narain & Sons, Kochi
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 18 Sales   5,850        
April 18 Output CGST   351        
April 18 Output SGST   351        
               
 
Brijmohan & Brothers, Mathura
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
2019
     
 
     
April 23 Sales   32,000        
April 23 Output IGST   3,840        
               

 

 

 

Sales Account

Date

Particulars

J.F.

Amount (₹)

Date

Particulars

J.F.

Amount (₹)

 

 

 

 

2019

 

 

 

 

 

 

 

April 30

Sundries as per the Sales Book for the month of April

 

77,350

 

 

 

 

 

 

 

 

 

 

Input IGST Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (₹)

Date

Particulars

J.F.

Amount (₹)

       

2019

 

 

 

       

April 01

Ram Prasad, Chennai

 

6,150

        April 22 Man Mohan Lal, Varanasi   7,560
               
       

 

 

 

 

             
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
        2019      
        April 10 Rati Ram, Ahmeabad   3,840
        April 10 Brijmohan & Bros., Mathura   3,840
               
 
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
       
2019
     
        April 12 Ramaswami, Kochi   450
        April 18 Roopnarain & Sons, Kochi   351
 
             
 
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount (₹)
Date
Particulars
J.F.
Amount (₹)
 
     
2019
     
        April 12 Ramaswami, Kochi   450
        April 18 Roopnarain & Sons, Kochi   351
               



Page No 11.49:

Question 19:

​Record the following transactions of Prabhat Electric Co., Delhi in the proper subsidiary books:         

     
2019  
Jan. 1 Sold to Grover & Co., Kanpur:
  10 Crompton Water Coolers @ ₹ 6,000 each
  5 Pedestal Fans @ ₹ 2,000 each
  Trade Discount 10%, charged IGST @ 12%
Jan. 5 Purchased from Ram & Bros., Delhi:
  25 Videocon Washing Machines @ 7,000 each
  10 Wall Fans @ ₹ 1,500 each
  Trade Discount 25%, plus CGST and SGST @ 6% each
Jan. 10 Purchased for cash from Raja & Co., Delhi:
  10 Electric Kettles @ ₹ 750
  Plus CGST and SGST @ 6% each
Jan. 15 Sold to Mahesh Bros., Chandigarh:
  5 Crompton Water Coolers @ ₹ 7,000 each
  2 Pedestal Fans @ ₹ 2,500 each
  Charged IGST @ 12%
Jan. 18 Returned to Ram & Bros.:
  2 Videocon Washing Machines being defective
Jan. 20 Purchased from Sethi & Co., Delhi:
  20 Toasters @ ₹ 800
  They charged CGST and SGST @ 6% each
Jan. 27 Mahesh Bros. returned one Crompton Water Cooler, it being defective
       
 

Answer:

Sales Book
Date
Particulars
Bill No.
L.F.
Details
Value
Output
CGST
Output SGST
Output
IGST
Total
Jan 01
Grover & Co., Kanpur    
 
 
 
 
 
 
 
10 Crompton Water Coolers @ Rs 6,000 each    
60,000
 
 
 
 
 
 
5 Pedastal Fans @ Rs 2,000 each    
10,000
 
 
 
 
 
 
     
70,000
 
 
 
 
 
 
  Less: 10% T.D.    
7,000
 
 
 
 
 
 
     
63,000
 
 
 
 
 
 
  Add: IGST @ 12%    
7,560
 
 
 
 
 
 
     
70,560
63,000
 
7,560
70,560
Jan 15
Mahesh Bros., Chandigarh    
 
 
 
 
 
 
 
5 Crompton Water Coolers @ Rs 7,000 each    
35,000
 
 
 
 
 
 
2 Pedastal Fans @ Rs 2,500 each    
5,000
 
 
 
 
 
 
     
40,000
 
 
 
 
 
 
  Add: IGST @ 12%    
4,800
 
 
 
 
 
 
     
44,800
40,000
4,800
44,800
         
1,03,000
12,360
1,15,360
                   
 
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
Jan 05
Ram & Bros., Delhi    
 
 
 
 
 
 
  25 Videocon Washing Machines @ Rs 7,000 each    
1,75,000
         
 
10 Wall Fans @ Rs 1,500 each    
15,000
 
 
 
 
 
 
     
1,90,000
 
 
 
 
 
 
Less: 25% T.D.    
47,500
 
 
 
 
 
 
     
1,42,500
 
 
 
 
 
 
Add: CGST @ 6%    
8,550
 
 
 
 
 
 
Add:  SGST @ 6%    
8,550
 
 
 
 
 
       
1,59,600
1,42,500
8,550
8,550
1,59,600
 
     
 
 
 
 
 
 
Jan 20
Sethi& Co., Delhi    
 
 
 
 
 
 
 
20 Toasters @ Rs 800 each    
16,000
 
 
 
 
 
 
Add: CGST @ 6%    
960
 
 
 
 
 
 
Add:  SGST @ 6%    
960
 
 
 
 
 
 
     
17,920
16,000
960
960
17,920
         
1,66,000
9,510
9,510
1,77,520
                   
            
 
Purchases Return Book
Date
Particulars
Debit Note No.
L.F.
Details
Cost
Input
CGST
Input SGST
Input
IGST
Total
Jan 18
Ram & Bros., Delhi    
 
 
 
 
 
 
 
2 Videocon Washing Machines @ Rs 7,000 each    
14,000
 
 
 
 
 
 
Less: 25% T.D.    
3,500
 
 
 
 
 
 
     
10,500
 
 
 
 
 
  Add: CGST @ 6%    
630
 
 
 
 
 
 
Add: SGST @ 6%    
630
 
 
 
 
 
       
11,760
10,500
630
630
11,760
         
10,500
630
630
11,760
                   
 
Sales Return Book
Date
Particulars
Credit Note No.
L.F.
Details
Value
Output
CGST
Output SGST
Output
IGST
Total
Jan 27
Mahesh Bros., Chandigarh    
 
 
 
 
 
 
 
1 Crompton Water Coolers @ Rs 7,000 each    
7,000
 
 
 
 
 
 
  Add:  IGST @ 12% each    
840
 
 
 
 
 
       
7,840
7,000
840
7,840
 
     
 
 
 
 
 
 
         
1,500
30
30
120
1,680
                   

Page No 11.49:

Question 20:

R. Chetan, Kolkata has the following balances in his books on 1st March, 2019:
Cash ₹ 15,400; Cash at Bank ₹ 82,500; Stock ₹ 1,92,500; Plant and Machinery ₹ 4,40,000.
Sundry Debtors: Rajesh ₹ 27,500; James ₹ 13,750.
Sundry Creditors: Rao ₹ 19,250, Samanta; ₹ 35,750; Capital ₹ 7,16,650.
The following are the transactions for the month of March 2019:
 

2019  
March 1 Cash Sales* 2,000
March 2 Purchases machinery by cheque* 5,000
March 4 Paid salaries by cheque 2,750
March 7 Paid wages 440
March 9 Rajesh settled his account by cheque less 5% discount  
March 11 Sold goods on credit to James, Patna** 10,000
March 13 Sent a credit note to James for goods returned** (Including IGST reversed) 2,240
March 18 Paid to Rao by cheque in full settlement 18,000
March 20 Took loan from Bank of Baroda 50,000
March 22 Withdrawn from bank for personal purposes 2,500
March 25 Bought goods from Samanta, Delhi** 5,000
March 27 Paid corporation tax by cheque 1,155
March 30 Cash sales (Including CGST and SGST @ 6% each) and paid into bank 4,480
March 31 All cash in hand, with the exception of ₹ 825 retained for change, was paid into the bank  

Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
Record these transactions in his subsidiary books, post to the Ledger and prepare a Trial Balance as on 31st March, 2019.

Answer:

Cash Book
 
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2019
     
 
2019
     
 
March 01
To Balance b/d  
15,400
82,500
March 02
By Machinery    
5,000
March 01
To Sales A/c  
2,000
 
March 02
By Input CGST    
300
March 01
To Output CGST  
120
 
March 02
By Input SGST    
300
March 01
To Output SGST  
120
 
March 04
By Salaries    
2,750
March 09
To Rajesh    
26,125
March 07
By Wages A/c    
440
March 20
To Bank Loan A/c    
50,000
March 18
By Rao    
18,000
March 30 To Sales A/c  
4,000
 
March 22
By Drawings    
2,500
March 30 To Output CGST  
240
 
March 27
By Corporation Tax A/c    
1,155
March 30 To Output SGST  
240
 
March 31
By Bank A/c
C
21,295
 
March 31 To Cash A/c
C
 
21,295
March 31
By Balance c/d  
825
1,49,475
     
22,120
1,79,920
     
22,120
1,79,920
       
 
       
 
   
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
Mar 25
Samanta, Delhi  
 
5,000
 
 
 
 
 
 
  Add: 12% IGST  
 
600
 
 
 
 
 
 
   
 
5,600
5,000
600
5,600
Mar 31    
 
 
5,000
600
5,600
     
 
 
 
 
 
 
 
 
Sales Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
Mar 11
James Patna  
 
10,000
 
 
 
 
 
 
  Add: Output IGST @12%  
 
1,200
 
 
 
 
 
 
   
 
11,200
10,000
1,200
11,200
Mar 31    
 
 
10,000
1,200
11,200
     
 
 
 
 
 
 
 
 
Sales Return Book
Date
Particulars
Credit Note No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
Mar 13
James Patna  
 
2,000
 
 
 
 
 
 
  Add: 12% IGST
 
240
 
 
 
 
 
 
   
 
2,240
2,000
240
2,240
Mar 31    
 
 
2,000
240
2,240
     
 
 
 
 
 
 
 
 
Stock Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 01
To Balance b/d  
1,92,500
March 31
By Balance c/d  
1,92,500
     
1,92,500
     
1,92,500
               
 
Plant and Machinery Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 01
To Balance b/d  
4,40,000
March 31
By Balance c/d  
4,40,000
     
4,40,000
     
4,40,000
               
 
Rajesh
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 01
To Balance b/d  
27,500
March 09
By Bank A/c  
26,125
        March 09 By Discount Allowed A/c  
1,375
     
27,500
     
27,500
               
 
James
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 01
To Balance b/d  
13,750
March 13
By Sales Return A/c  
2,000
March 11
To Sales A/c  
10,000
March 13
By Output IGST A/c  
240
March 11
To Output IGST A/c  
1,200
March 31
By Balance c/d  
22,710
     
24,950
     
24,950
               
 
Rao
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 18
To Bank A/c  
18,000
March 01
By Balance b/d  
19,250
March 18
To Discount Received A/c  
1,250
       
     
19,250
     
19,250
               
 
Samanta
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
41,350
March 01
By Balance b/d  
35,750
       
March 25
By Purchases A/c  
5,000
        March 25 By Input IGST A/c  
600
     
41,350
     
41,350
               
 
Salaries Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 04
To Bank A/c  
2,750
March 31
By Balance c/d  
2,750
     
2,750
     
2,750
               
 
Wages Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 07
To Cash A/c  
440
March 31
By Balance c/d  
440
     
440
     
440
               
 
Discount Allowed Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 09
To Rajesh  
1,375
March 31
By Balance c/d  
1,375
     
1,375
     
1,375
               
 
Discount Received Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
1,250
March 18
By Rao  
1,250
     
1,250
     
1,250
               
 
Bank Loan Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
50,000
March 20
By Bank A/c  
50,000
     
50,000
     
50,000
               
 
Drawings Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 22
To Bank A/c  
2,500
March 31
By Balance c/d  
2,500
     
2,500
     
2,500
               
 
Corporation Tax Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 27
To Bank A/c  
1,155
March 31
By Balance c/d  
1,155
     
1,155
     
1,155
               
 
Input IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 25
To Samanta  
600
March 31
By Balance c/d  
600
     
600
     
600
               
 
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
7,16,650
March 01
By Balance b/d  
7,16,650
     
7,16,650
     
7,16,650
               
 
Sales Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
16,000
March 01
By Cash A/c  
2,000
       
March 30
By Cash A/c  
4,000
       
March 31
By Sundries from Sales Book  
10,000
     
16,000
     
16,000
               
 
Output CGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
360
March 01
By Cash A/c  
120
       
March 30
By Cash A/c  
240
     
360
     
360
               
 
Output SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Balance c/d  
360
March 01
By Cash A/c  
120
       
March 30
By Cash A/c  
240
     
360
     
360
               
 
Output IGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 13
To James  
240
March 11
By James  
1,200
March 31
To Balance c/d  
960
       
     
1,200
     
1,200
               
 
Machinery Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 02
To Bank A/c  
5,000
March 31
By 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
     
March 02
To Bank A/c  
300
March 31
By Balance c/d  
300
     
300
     
300
               
 
Input SGST Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 02
To Bank A/c  
300
March 31
By Balance c/d  
300
     
300
     
300
               
 
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Sundries from purchases Book   5,000
March 31
By Balance c/d  
5,000
     
 
       
     
5,000
     
5,000
               
 
Sales Return Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
March 31
To Sundries from Sales Return Book  
2,000
March 31
By Balance c/d  
2,000
     
2,000
     
2,000
               
 
Trial Balance
as on March 31, 2019
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
Capital    
7,16,650
2
Purchases  
5,000
 
3
Sales    
16,000
4
Sales Return  
2,000
 
5
Output CGST    
360
6
Output SGST    
360
7
Output IGST    
960
8
Machinery  
5,000
 
9
Input CGST  
300
 
10
Input SGST  
300
 
11 Input IGST   600  
12
Bank Loan    
50,000
13
Drawings  
2,500
 
14
Corporation Tax  
1,155
 
15
Salaries  
2,750
 
16
Wages  
440
 
17
Discount Allowed  
1,375
 
18
Discount Received    
1,250
19
James  
22,710
 
20
Samanta    
41,350
21
Stock  
1,92,500
 
22
Plant and Machinery  
4,40,000
 
23
Cash in hand  
825
 
24
Bank Balance  
1,49,475
 
     
8,26,930
8,26,930
         



Page No 11.50:

Question 21:

On 1st March, 2019, Shri Kailash Chand, Lucknow commenced business with cash ₹ 50,000. The following are his transactions for the month of March, 2019. Record them in proper books, post them to the Ledger and take out a Trial Balance:

 

 

2019   ₹​
March 1 Bought goods for cash*   5,000
  Purchased from Hari, Lucknow*:    
  5 Laptops @ ₹ 35,000 each    
  5 Desktops @ ₹ 25,000 each    
  Less: Trade Discount 15%    
March 2 Purchased computer & printer from M/s. Computer Mart against cash for office use*   20,000
March 5 Deposited into bank   15,000
March 7 Sold goods to Shri Ramesh Chand, Kanpur*:    
 

2 Laptops @ ₹ 32,000 each

 

 

  2 Desktops @ ₹ 24,000 each    
March 10

Received Cheque from Shri Ramesh Chand on account

 
75,000
March 14 Received another Cheque in full settlement from Ramesh Chand   49,440
March 15 Sold goods to Jagdish, Kolkata**:    
  2 Laptops @ ₹ 35,000 each    
  2 Desktops @ ₹ 25,000 each    
  Less: Trade Discount 5%    
March 18

Bought from Shyam Lal, Delhi**:

 

 

  10 Keyboards @ ₹ 1,000 each    
  10 Mouse @ ₹ 500 each    
March 20

Drew cash from bank for office

 

17,000
March 21 Paid to Shyam Lal in full settlement   16,500
March 23 Cash Sales 5 Keyboards @ ₹ 1,200 each and 5 Mouse @ ₹ 600 each*    
March 25 Paid Salary   2,500
March 28 Paid Rent*   1,500
March 30 Paid into bank   5,000
March 31 Drew cash for personal expenses   500
 

 

 

 

​ ​
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

Answer:

Cash Book
 
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2018
     
 
2018
     
 
March 01
To Capital A/c  
50,000
 
March 01
By Purchases A/c  
5,000
 
March 05
To Cash A/c
C
 
15,000
March 01
By Input CGST  
300
 
March 10
To Ramesh Chand    
75,000
March 01
By Input SGST  
300
 
March 14
To Ramesh Chand    
49,440
March 02
By Purchases  
20,000
 
March 20
To Bank A/c
C
17,000
 
March 02
By Input CGST  
1,200
 
March 23
To Sales A/c  
9,000
 
March 02
By Input SGST  
1,200
 
March 23
To Output CGST  
540
 
March 05
By Bank A/c
C
15,000
 
March 23
To Output SGST  
540
 
March 20
By Cash A/c
C
 
17,000
March 30
To Cash A/c
C
 
5,000
March 21
By Shyam Lal  
16,500
 
       
 
March 25
By Salary A/c  
2,500
 
       
 
March 28
By Rent A/c  
1,500
 
       
 
March 28
By Input CGST  
90
 
       
 
March 28
By Input SGST  
90
 
       
 
March 30
By Bank A/c  
5,000
 
       
 
March 31
By Drawing A/c  
500
 
       
 
March 31
By Balance c/d  
7,900
1,27,440
     
77,080
1,44,440
     
77,080
1,44,440
       
 
       
 
   
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2018
   
 
 
 
 
 
 
 
Mar 01
Hari, Lucknow 5 laptops @ ₹ 35,000 each  
 
1,75,000
 
 
 
 
 
 
5 Desktop @ ₹ 25,000 each  
 
1,25,000
 
 
 
 
 
 
   
 
3,00,000
 
 
 
 
 
 
Less: Trade Discount@15%  
 
45,000
 
 
 
 
 
 
   
 
2,55,000
 
 
 
 
 
 
Add: 6% CGST  
 
15,300
 
 
 
 
 
 
        6% SGST  
 
15,300
 
 
 
 
 
 
   
 
2,85,600
2,55000
15,300
15,300
2,85,600
 
   
 
 
 
 
 
 
 
Mar 18
Shyam Lal, Delhi  
 
 
 
 
 
 
 
 
10 keyboards @ ₹ 1,000 each  
 
10,000
 
 
 
 
 
 
10 Mouse @ ₹ 5,000 each  
 
5,000
 
 
 
 
 
 
   
 
15,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
1,800
 
 
 
 
 
 
   
 
16,800
15,000
1,800
16,800
Mar 31
   
 
 
2,70,000
15,300
15,300
1,800
3,02,400
 
   
 
 
 
 
 
 
 
 
Sales Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output IGST
(₹)
Total
(₹)
2018
   
 
 
 
 
 
 
 
Mar 07
Shri Rames Chand Kanpur  
 
 
 
 
 
 
 
 
2 laptops @ ₹ 32,000 each  
 
64,000
 
 
 
 
 
 
2 Desktop @ ₹ 32,000 each  
 
48,000
 
 
 
 
 
 
   
 
1,12,000
 
 
 
 
 
 
Add: 6% CGST  
 
6,720
 
 
 
 
 
 
         6% SGST  
 
6,720
 
 
 
 
 
 
   
 
1,25,440
1,12,000
6,720
6,720
1,25,440
 
   
 
 
 
 
 
 
 
Mar 15
Jagdish, Kolkata  
 
 
 
 
 
 
 
 
2 Laptops @ ₹ 35,000 each  
 
70,000
 
 
 
 
 
 
2 Desktops @ ₹ 25,000 each  
 
50,000
 
 
 
 
 
 
   
 
1,20,000
 
 
 
 
 
 
Less: 5% TD  
 
6,000
 
 
 
 
 
 
   
 
1,14,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
13,680
 
 
 
 
 
 
   
 
1,27,680
1,14,000
13,680
1,27,680
Mar 31
   
 
 
2,26,000
6,720
6,720
13,680
2,53,120
 
   
 
 
 
 
 
 
 
 
Capital Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance b/d  
50,000
March 01
By Cash A/c  
50,000
     
50,000
     
50,000
               
 
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 01
To Cash A/c  
5,000
March 31
By Balance c/d  
2,95,000
March 02
To Cash A/c  
20,000
       
March 31
To Sundries from Purchaser Book  
2,70,000
       
               
     
2,95,000
     
2,95,000
               
 
Hari
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
2,85,600
March 01
By Purchases  
2,55,000
       
March 01
By Input CGST  
15,300
       
March 01
By Input SGST  
15,300
     
2,85,600
     
2,85,600
               
 
Input CGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 01
To Cash A/c  
300
March 01
By Balance c/d  
16,890
March 01
To Hari  
15,300
       
March 02
To Cash A/c  
1,200
       
March 28
To Cash A/c  
90
       
     
16,890
     
16,890
               
 
Input SGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 01
To Cash A/c  
300
March 31
By Balance c/d  
16,890
March 01
To Hari  
15,300
       
March 02
To Cash A/c  
1,200
       
March 28
To Cash A/c  
90
       
     
16,890
     
16,890
               
 
Output CGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
7,260
March 7
By Shri Ramesh Chand  
6,720
       
March 23
By Cash A/c  
540
               
     
7,260
     
7,260
               
 
Output SGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
7,260
March 07
By Shri Ramesh Chand  
6,720
       
March 23
By Cash A/c  
540
               
     
7,260
     
7,260
               
 
Ramesh Chand
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 07
To Sales A/c  
1,12,000
March 10
By Bank A/c  
20,000
March 07
To Output CGST A/c  
6,720
March 14
By Bank A/c  
1,000
March 07
To Output SGST A/c  
6,720
March 14
By Discount Allowed A/c  
1,000
     
1,25,440
     
1,25,440
               
 
Sales Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
2,35,000
March 23
By Cash A/c  
9,000
       
March 31
By Sundries from Sales Book  
2,26,000
     
2,35,000
     
2,35,000
               
 
Jagdish
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 15
To Sales A/c  
1,14,000
March 31
By Balance c/d  
1,27,680
March 15
To Output IGST A/c  
13,680
       
     
1,27,680
     
1,27,680
               
 
Output IGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
13,680
March 15
By Jagdish  
13,680
     
13,680
     
13,680
               
   
Discount Allowed Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 14
To Ramesh Chand  
1,000
March 31
By Balance c/d  
1,000
     
1,000
     
1,000
               
   
Input IGST Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 18
To Shyam Lal  
1,800
March 31
By Balance c/d  
1,800
     
1,800
     
1,800
               
 
Shyam Lal
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 21
To Cash A/c  
16,500
March 18
By Purchases A/c  
15,000
March 21
To Discount Received A/c  
300
March 18
By Input IGST A/c  
1,800
     
16,800
     
16,800
               
   
Rent Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 28
To Cash A/c  
1,500
March 31
By Balance c/d  
1,500
     
1,500
     
1,500
               
   
Drawings  Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Cash A/c  
500
March 31
By Balance c/d  
500
     
500
     
500
               
   
Discount Received Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 31
To Balance c/d  
300
March 21
By Shyam lal  
300
     
300
     
300
               
 
Salary Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2018
     
2018
     
March 25
To Cash A/c  
2,500
March 31
By Balance c/d  
2,500
     
2,500
     
2,500
               
 
Trial Balance
As on 30th April 2019
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
Capital    
50,000
2
Purchases  
2,95,000
 
3
Hari    
2,85,600
4
Input CGST  
16,890
 
5
Input SGST  
16,890
 
6
Input IGST  
1,800
 
7
Output CGST    
7,260
8
Output SGST    
7,260
9
Output IGST    
13,680
10
Jagdish  
1,27,680
 
11
Sales    
2,35,000
12
Discount Allowed  
1,000
 
13
Rent  
1,500
 
14
Discount Received    
300
15
Cash  
7,900
 
16
Bank  
1,27,440
 
17
Drawings  
500
 
18
Salary  
2,500
 
     
5,99,100
5,99,100
         

Page No 11.50:

Question 22:

On 1st January, 2019, Ram of Kolkata commenced business with a capital of ₹ 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2019. The Cash Book must be balanced.
 

2019  
Jan. 1 Opened a Bank Account and Deposited 12,500
  Purchased Goods against Cash Payment* 20,000
  Purchased furniture for Shop* 5,000
  Sold goods to R. Raman, Kolkata* 5,000
Jan. 2 Bought goods from Man Mohan, Delhi** 10,000
Jan. 3 Bought stationery and paid by cash 1,000
Jan. 5 Received cash from R. Raman 5,300
  Discount allowed to him 300
Jan. 6 Sold goods to Bimal, Kolkata* 7,500
Jan. 8 Bimal returned part of the goods supplied on the 6th instant 1,500
Jan. 10 Paid cash into bank 1,000
Jan. 12 Paid wages 1,500
Jan. 13 Bought on credit from the Union Furniture Co., Kolkata office desk* 1,500
Jan. 19 Paid wages 1,500
Jan. 21 Paid to Man Mohan by cheque 10,700
  Discount received 500
Jan. 21 Sold goods to Ramesh, Guwahati including IGST** 6,720
Jan. 22 Received cheque from Bimal 6,000
Jan. 23 Bought goods from Man Mohan, Delhi** 7,000
Jan. 24 Drew by cheque for personal use 2,000
Jan. 27 Paid wages 1,500
Jan. 31 Rent due to landlord* 1,000

Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

Answer:

Cash Book
 
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
Date
Particulars
L.F.
Cash
(₹)
Bank
(₹)
2017
     
 
2019
     
 
July 01
To Capital A/c  
30,000
70,000
July 04
By S.Raj    
6,800
July 11
To R. Mukherjee  
8,600
 
July 05
By Computer A/c  
5,000
 
July 20
To Sales A/c  
3,300
 
July 06
By Purchases A/c    
5,000
July 20
To Output CGST A/c  
198
 
July 06
By Input CGST    
300
July 20
To Output SGST A/c  
198
 
July 06
By Input SGST    
300
July 25
To Cash A/c
C
 
3,500
July 10
By Drawings  
2,500
 
July 31
To T. Rana  
12,850
 
July 17
By D. Seth    
9,000
       
 
July 25
By Bank A/c
C
3,500
 
       
 
July 31
By Wages A/c  
480
 
       
 
July 31
By Balance c/d  
56,666
52,100
     
68,146
73,500
     
68,146
73,500
       
 
       
 
   
Purchases Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
July 01
S. Raj, Delhi    
 
10,000
 
 
 
 
 
 
  Less: Trade Discount@10%  
 
1,000
 
 
 
 
 
 
   
 
9,000
 
 
 
 
 
 
Add: 6% CGST  
 
540
 
 
 
 
 
 
        6% SGST  
 
540
 
 
 
 
 
 
   
 
10,080
9,000
540
540
10,080
 
   
 
 
 
 
 
 
 
July 05
D. Seth, Patna  
 
20,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
2,400
 
 
 
 
 
 
   
 
22,400
20,000
2,400
22,400
 
   
 
 
 
 
 
 
 
July 09
M. Dey, Kolkata  
 
15,000
 
 
 
 
 
 
Less: Trade Discount @ 5%  
 
750
 
 
 
 
 
 
   
 
14,250
 
 
 
 
 
 
Add: 12% IGST  
 
 
   1,710
 
 
 
 
 
 
   
 
15,960
14,250
1,710
15,960
 
   
 
 
 
 
 
 
 
July 14
D. Seth, Patna  
 
12,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
1,440
 
 
 
 
 
 
   
 
13,440
12,000
1,440
13,440
 
   
 
 
 
 
 
 
 
July 20
M. Dey, Kolkata  
 
6,000
 
 
 
 
 
 
Add: 12% IGST  
 
720
 
 
 
 
 
 
   
 
6,720
6,000
720
6,720
July 31    
 
 
61,250
540
540
6,270
68,600
     
 
 
 
 
 
 
 
  
Sales Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output
IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
July 02
R.Mukherjee, Kolkata    
 
5,000
 
 
 
 
 
 
Add: 12% IGST  
 
600
 
 
 
 
 
 
   
 
5,600
5,000
600
5,600
 
   
 
 
 
 
 
 
 
July 08
D.Das, Kolkata  
 
10,000
 
 
 
 
 
 
Less: 5% T.D.  
 
500
 
 
 
 
 
 
   
 
9,500
 
 
 
 
 
 
Add: 12% IGST  
 
 
1,140
 
 
 
 
 
 
   
 
10,640
9,500
1,140
10,640
 
   
 
 
 
 
 
 
 
July 09
R.Mukherjee, Kolkata    
 
12,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
1,440
 
 
 
 
 
 
   
 
13,440
12,000
1,440
13,440
 
   
 
 
 
 
 
 
 
July 14
T. Rana, Delhi  
 
20,000
 
 
 
 
 
 
Add: 6% CGST  
 
1,200
 
 
 
 
 
 
        6% SGST  
 
1,200
 
 
 
 
 
 
   
 
22,400
20,000
1,200
1,200
22,400
 
   
 
 
 
 
 
 
 
July 17
D.Das, Kolkata  
 
10,000
 
 
 
 
 
 
Add: 12% IGST  
 
 
1,200
 
 
 
 
 
 
   
 
11,200
10,000
1,200
11,200
 
   
 
 
 
 
 
 
 
July 28
T. Rana, Delhi  
 
15,000
 
 
 
 
 
 
Add: 6% CGST  
 
900
 
 
 
 
 
 
        6% SGST  
 
900
 
 
 
 
 
 
   
 
16,800
15,000
900
900
16,800
July 31    
 
 
71,500
2,100
2,100
4,380
80,080
     
 
 
 
 
 
 
 
 
Purchases Return Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Cost
(₹)
Input CGST
(₹)
Input SGST
(₹)
Input IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
July 04
S. Raj, Delhi    
 
3,000
 
 
 
 
 
 
Less: Trade Discount@10%  
 
300
 
 
 
 
 
 
   
 
2,700
 
 
 
 
 
 
Add: 6% CGST  
 
162
 
 
 
 
 
 
        6% SGST  
 
162
 
 
 
 
 
 
   
 
3,024
2,700
162
162
3,024
 
   
 
 
 
 
 
 
 
July 25
M. Dey, Kolkata  
 
4,000
 
 
 
 
 
 
Less: Trade Discount @ 5%  
 
200
 
 
 
 
 
 
   
 
3,800
 
 
 
 
 
 
Add: 12% IGST  
 
456
 
 
 
 
 
 
   
 
4,256
3,800
456
4,256
July 31    
 
 
6,500
162
162
456
7,280
     
 
 
 
 
 
 
 
 
Sales Return Book
Date
Particulars
Invoice No.
L.F.
Details
(₹)
Value
(₹)
Output CGST
(₹)
Output SGST
(₹)
Output
IGST
(₹)
Total
(₹)
2019
   
 
 
 
 
 
 
 
July 06
R.Mukherjee, Kolkata    
 
2,000
 
 
 
 
 
 
Add: 12% IGST  
 
240
 
 
 
 
 
 
   
 
2,240
2,000
240
2,240
 
   
 
 
 
 
 
 
 
July 09
D. Das, Kolkata  
 
3,000
 
 
 
 
 
 
Less: 5% T.D.  
 
150
 
 
 
 
 
 
   
 
2,850
 
 
 
 
 
 
Add: 12% IGST  
 
 
342
 
 
 
 
 
 
   
 
3,192
2,850
342
3,192
July 31    
 
 
4,850
582
5,432
     
 
 
 
 
 
 
 
 
Capital Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(Rs)
Date
Particulars
J.F.
Amount
(Rs)
2019

 
   
2019
     
July 31
To Balance b/d
 
 
1,00,000
July 01
By Cash A/c
 
 
30,000
       
July 01
By Bank A/c
 
 
70,000
     
50,000
     
1,00,000
               

 
 
Purchases Account
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 06
To BankA/c  
5,000
July 06
By Drawings A/c  
2,500
July 31
To Sundries from Purchases Book  
61,250
July 31
By Balance c/d  
63,750
     
66,250
     
66,250
               
 
S. Raj
Dr.
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 04 To Purchases Return  
2,700
July 01
By Purchases  
9,000
July 04 To Input CGST A/c  
162
July 01
By Input CGST  
540
July 04 To Input SGST A/c  
162
July 01
By Input SGST  
540
July 04 To Bank A/c  
6,800
       
July 04 To Discount Received A/c  
256
       
     
10,080
     
10,080
               
 
Input CGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 01
To S. Raj  
540
July 04
By S. Raj  
162
July 01
To Bank A/c  
300
July 28
By Drawings A/c  
150
       
July 31
By Balance c/d  
528
     
840
     
840
               
 
Input SGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 01
To S. Raj  
540
July 04
By S. Raj  
162
July 01
To Bank A/c  
300
July 28
By Drawings A/c  
150
       
July 31
By Balance c/d  
528
     
840
     
840
               
 
Output CGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 31
To Balance c/d  
2,298
July 14
By Sales A/c  
198
       
July 14
By T. Rana  
1,200
       
July 28
By T. Rana  
900
               
     
2,298
     
2,298
               
 
Output SGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 31
To Balance c/d  
2,298
July 14
By Sales A/c  
198
       
July 14
By T. Rana  
1,200
       
July 28
By T. Rana  
900
               
     
2,298
     
2,298
               
 
R. Mukherjee
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 02 To Sales A/c  
5,000
July 06
By Sales Return A/c  
2,000
July 02 To Output IGST A/c  
600
July 14
By Output IGST A/c  
240
July 09 To Sales A/c  
12,000
July 11
By Cash A/c  
8,600
July 09 To Output IGST A/c  
1,440
July 11
By Discount Allowed A/c  
400
       
July 31
By Balance c/d  
7,800
     
19,040
     
19,040
               
 
T. Rana
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 14 To Sales A/c  
20,000
July 20
By Cash A/c  
13,000
July 14 To Output CGST A/c  
1,200
July 20
By Discount Allowed A/c  
500
July 14 To Output SGST A/c  
1,200
July 31
By Cash A/c  
12,850
July 28 To Sales A/c  
15,000
July 31
By Bad Debts A/c  
12,850
July 28 To Output CGST A/c  
900
       
July 28 To Output SGST A/c  
900
       
     
39,200
     
39,200
               
 
Bad Debts Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
               
July 31
To T. Rana  
12,850
July 31
By Balance c/d  
12,850
     
12,850
     
12,850
               
   
Sales Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 31
To Balance c/d  
74,800
July 14
By Cash A/c  
3,300
       
July 31
By Sundries from Sales Book  
71,500
     
74,800
     
74,800
               
 
Discount Received Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
       
July 04
By S. Raj  
256
               
               
July 31 To Balance c/d  
756
July 17
By D. Seth  
500
     
756
     
756
               
 
Output IGST Account
Dr.            
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 06
To R. Mukherjee  
240
July 02
By R. Mukherjee  
600
July 09
To D. Das  
342
July 08
By D. Das  
1,140
July 31
To Balance c/d  
3,798
July 09
By R. Mukherjee  
1,440
       
July 17
By D. Das  
1,200
     
4,380
     
4,380
               
   
Discount Allowed Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 11
To R. Mukherjee  
400
       
July 20
To T. Rana  
500
July 31
By Balance c/d  
900
     
900
     
900
               
   
Input IGST Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
               
July 05
To D. Seth  
2,400
July 25
By M. Dey  
456
July 09
To M. Dey  
1,710
July 31
By Balance c/d  
5,814
July 14
To D. Seth  
1,440
       
July 20
To M. Dey  
720
       
     
6,270
     
6,270
               
                   
 
D. Seth
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 17
To Bank A/c  
9,000
July 05
By Purchases A/c  
20,000
July 17
To Discount Received A/c  
500
July 05
By Input IGST A/c  
2,400
July 31
To Balance c/d  
26,340
July 14
By Purchases A/c  
12,000
       
July 18
By Input IGST A/c  
1,440
     
35,840
     
35,840
               
                   
   
Purchases Return Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 31
To Balance c/d  
6,500
July 31
By Sundries from Purchases Return Book  
6,500
     
6,500
     
6,500
               
                   
   
Drawings  Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 10
To Cash A/c  
2,500
July 31
By Balance c/d  
5,300
July 28
To Purchases A/c  
2,500
       
July 28
To Input CGST A/c  
150
       
July 28
To Input SGST A/c  
150
       
     
5,300
     
5,300
               
                   
 
D. Das
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 08
To Sales A/c  
9,500
July 09
By Sales Return A/c  
2,850
July 08
To Output IGST A/c  
1,140
July 09
By Output IGST A/c  
342
July 17
To Sales A/c  
10,000
July 31
By Balance c/d  
18,648
July 17
To Output IGST A/c  
1,200
       
     
21,840
     
21,840
               
                   
 
M. Dey
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 25
To Purchase Return A/c  
3,800
July 09
By Purchases A/c  
14,250
July 25
To Input IGST A/c  
456
July 09
By Input IGST A/c  
1,710
July 31
To Balance c/d  
18,424
July 20
By Purchases A/c  
6,000
       
July 20
By Input IGST A/c  
720
     
22,680
     
22,680
               
                   
   
Computer Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 05
To Cash A/c  
5,000
July 31
By Balance c/d  
5,000
     
5,000
     
5,000
               
                   
 
Sales Return Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 3
To Sundries from Sales Book  
4,850
July 31
By Balance c/d  
4,850
     
4,850
     
4,850
               
                   
 
Wages Account
Dr.
 
Cr.
Date
Particulars
J.F.
Amount
(₹)
Date
Particulars
J.F.
Amount
(₹)
2019
     
2019
     
July 31
To Cash A/c  
480
July 31
By Balance c/d  
480
     
480
     
480
               
                   
   
Trial Balance
as on 31st July,  2019
S. No.
Particular
J.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
1
Capital    
1,00,000
2
Purchases  
63,750
 
3
Purchases Return    
6,500
4
R. Mukherjee  
7,800
 
5
Input CGST  
528
 
6
Input SGST  
528
 
7
Input IGST  
5,814
 
8
Output CGST    
2,298
9
Output SGST    
2,298
10
Output IGST    
3,798
11
D. Seth    
26,340
12
S. Das  
18,648
 
13
M. Dey    
18,424
14
Sales    
74,800
15
Sales Return  
4,850
 
16
Discount Allowed  
900
 
17
Bad Debts  
12,850
 
18
Discount Received    
756
19
Cash  
56,666
 
20
Bank  
52,100
 
21
Computer  
5,000
 
22
Wages  
480
 
23
Drawings  
5,300
 
         
     
2,35,214
2,35,214
         



View NCERT Solutions for all chapters of Class 13