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Question No 10 Chapter No 9 - T.S. Grewal 11 Class

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Question No 10 Chapter No 9

Write up the following transactions in the Journal of Ashok, Delhi and post them to the Ledger for April, 2018 Also, Prepare the Trail Balance as on 30th April, 2018: -

2018		Rs.
Apr-01	Commenced business with Cash*	40,000
Apr-02	Opened Bank Account and deposited cheque from Saving A/c*	3,00,000
Apr-05	Bought goods against cheque	50,000
Apr-07	Sold goods to Amit, Chandigarh	25,000
Apr-09	Bought goods from Parvat, Delhi	51,000
Apr-12	Received cheque from Amit*	19,500
	Discount allowed*	500
Apr-13	Issued cheque to Parvat*	39,000
	Discount allowed by him*	1,000
Apr-16	Withdrew Cash for personal Expenses*	10,000
Apr-17	Received cash from Amit and Deposited into Bank*	5,000
Apr-25	Paid rent by cheque	9,000
Apr-29	Goods sold to Romy, Delhi	48,000

Inter-State transactions are subject to levy of IGST@12% and Intra-state transactions are subject to levy of CGST and SGST @6% each. GST is not levied on transactions marked with (*).

Solution of Question No 10 Chapter No 9: -

In the Books of Ashok, Delhi

Date	Particulars		Debit	Credit
2018
Apr. 1	Cash A/c	Dr.	40,000
	To Capital A/c			40,000
	(Being business commenced with Cash)

Apr. 2	Bank A/c	Dr.	3,00,000
	To Capital A/c			3,00,000
	(Being opened Bank Account and deposited cheque from saving A/c)

Apr. 5	Purchase A/c	Dr.	50,000
	Input CGST A/c	Dr.	3,000
	Input SGST A/c	Dr.	3,000
	To Bank A/c			56,000
	(Being goods bought against cheque)

Apr. 7	Amit, Chandigarh A/c	Dr.	28,000
	To Sale A/c			25,000
	To Output IGST A/c			3,000
	(Being Goods Sold to Amit, Chandigarh)

Apr. 9	Purchase A/c	Dr.	51,000
	Input CGST A/c	Dr.	3,060
	Input SGST A/c	Dr.	3,060
	To Parvat, Delhi A/c			57,120
	(Being Goods Purchase from Parvat, Delhi)

Apr. 12	Bank A/c	Dr.	19,500
	Discount Allowed A/c	Dr.	500
	To Amit, Chandigarh A/c			45,000
	(Being payment received by cheque from Amit, Chandigarh)

Apr. 13	Parvat, Delhi A/c	Dr.	40,000
	To Bank A/c			39,000
	To Discount Received A/c			1,000
	(Being Payment made by cheque to Parvat, Delhi )

Apr. 16	Drawing A/c	Dr.	10,000
	To Cash A/c			10,000
	(Being Cash withdrew for personal use )

Apr. 17	Cash A/c	Dr.	5,000
	To Amit, Chandigarh A/c			5,000
	(Being Cash received from Amit, Chandigarh)

Apr. 15	Bank A/c	Dr.	5,000
	To Cash A/c			5,000
	(Being Cash deposited into Bank )

Apr. 25	RentA/c	Dr.	9,000
	Input CGST A/c	Dr.	540
	Input SGST A/c	Dr.	540
	To Bank A/c			10,080
	(Being rent paid by cheque)

Apr. 15	Romy, Delhi A/c	Dr.	53,760
	To Sale A/c			48,000
	To Output CGST A/c			2,880
	To Output SGST A/c			2,880
	(Being Goods Sold to Romy, Delhi)

To clear the meaning of Ledger and Ledger balancing Click below:

https://tutorstips.com/ledger/

https://tutorstips.com/ledger-balancing/

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Cash A/c				Cr.
2018			2018
Apr. 1	To Capital A/c	40,000	Apr. 16	By DrawingA/c	10,000
Apr. 17	To Amit A/c	5,000	Apr. 17	By Bank A/c	5,000
			Apr. 30	By Balance C/d	30,000

		20,000			20,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Capital A/c				Cr.
2018			2018
			Apr. 1	By Cash A/c	40,000
			Apr.	By Bank A/c	3,00,000
Apr. 30	To Balance C/d	3,40,000

		3,40,000			3,40,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Bank A/c				Cr.
2018			2018
Apr. 2	To Capital A/c	3,00,000	Apr. 5	By Purchase A/c	50,000
Apr. 12	To Amit Chandigarh A/c	19,500	Apr. 5	By Input CGST A/c	3,000
Apr. 12	To Cash A/c	5,000	Apr. 5	By Input SGST A/c	3,000
			Apr. 27	By Parvat, Delhi A/c	39,000
			Apr. 27	By Rent A/c	9,000
			Apr. 5	By Input CGST A/c	540
			Apr. 5	By Input SGST A/c	540
			Apr. 30	By Balance C/d	2,19,420

		3,24,500			3,24,500

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Purchase A/c				Cr.
2018			2018
Apr. 5	To Bank A/c	50,000
Apr. 9	To Parvat, Delhi A/c	51,000
			Apr. 30	By Balance C/d	1,01,000

		1,01,000			1,01,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Sales A/c				Cr.
2018			2018
			Apr. 7	By Amit, Chandigarh A/c	25,000
			Apr. 29	By Romy, Delhi A/c	48,000
Apr. 30	To Balance C/d	73,000

		73,000			73,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Amit, Chandigarh A/c				Cr.
2018			2018
Apr. 7	To Sales A/c	25,000	Apr. 12	By Bank A/c	19,500
Apr. 7	To Output IGST A/c	3,000	Apr. 12	By Discount Allowed A/c	500
			Apr. 18	By Cash A/c	5,000
			Apr. 30	By Balance C/d	3,000

		28,000			28,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Parvat, Delhi A/c				Cr.
2018			2018
Apr. 7	To Bank A/c	39,000	Apr. 12	By Purchase A/c	51,000
Apr. 7	To Discount Received A/c	1,000	Apr. 12	By Input CGST A/c	3,060
			Apr. 12	By Input SGST A/c	3,060
Apr. 30	To Balance C/d	17,120

		57,120			57,120

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Romy, Delhi A/c				Cr.
2018			2018
Apr. 7	To Sales A/c	48,000
Apr. 7	To Output CGST A/c	2,880
Apr. 7	To Output SGST A/c	2,880
			Apr. 30	By Balance C/d	53,760

		53,760			53,760

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Drawing A/c				Cr.
2018			2018
Apr. 16	To Cash A/c	10,000	Apr. 30	By Balance C/d	10,000

		10,000			10,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Discount Allowed A/c				Cr.
2018			2018
Apr. 10	To Amit, Chandigarh A/c	500	Apr. 30	By Balance C/d	500

		500			500

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Discount Received A/c				Cr.
2018			2018
			Apr. 13	By Parvat, Delhi A/c	1,000
Apr. 30	To Balance C/d	1,000

		1,000			1,000

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Input CGST A/c				Cr.
2018			2018
Apr. 5	To Bank A/c	3,000
Apr. 8	To Parvat, Delhi A/c	3,060
Apr. 25	To Rent A/c	540
			Apr. 30	By Balance C/d	6,600

		6,600			6,600

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Input SGST A/c				Cr.
2018			2018
Apr. 5	To Bank A/c	3,000
Apr. 8	To Parvat, Delhi A/c	3,060
Apr. 25	To Rent A/c	540
			Apr. 30	By Balance C/d	6,600

		6,600			6,600

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Output CGST A/c				Cr.
2018			2018
			Apr. 29	By Romy, Delhi A/c	2,880
Apr. 30	To Balance C/d	2,880

		2,880			2,880

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Output SGST A/c				Cr.
2018			2018
			Apr. 29	By Romy, Delhi A/c	2,880
Apr. 30	To Balance C/d	2,880

		2,880			2,880

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Output IGST A/c				Cr.
2018			2018
			Apr. 10	By Amit Chandigarh A/c	3,000
Apr. 30	To Balance C/d	3,000

		3,000			3,000

Trial Balance

Particulars	Debit	Credit
Cash A/c	30,000
Capital A/c		3,40,000
Bank A/c	2,19,420
Purchases A/c	1,01,000
Sale A/c		73,000
Amit, Chandigarh A/c	3,000
Parvat, Delhi A/c		17,120
Romy, Delhi A/c	53,760
Discount Allowed A/c	500
Discount Received A/c		1,000
Rent A/c	9,000
Input CGST A/c	6,600
Input SGST A/c	6,600
Output CGST A/c		2,880
Output SGST A/c		2,880
Output IGST A/c		3,000
	4,39,880	4,39,880