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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question No 19 Chapter No 11
19. Record the following transaction of Prabhat Electric Co., Delhi in the proper subsidiary books :
| 2018 | |
| Jan.1 | Sold on CREDIT TO Grover & Co., Kanpur: |
| 10 Crompton Water Coolers @ Rs 6,000 each | |
| 5 Pedestal Fans @ Rs 2,000 each | |
| Trade Discount 10%, Charged IGST @ 12% | |
| Jan.5 | Purchased on credit from Ram & Bros., Delhi: |
| 25 Videocon Washing Machines @ Rs 7,000 each | |
| 10 Wall Fans @ Rs 1,500 each | |
| Trade Discount 25% plus CGST and SGST @ 6% each | |
| Jan.10 | Purchased for Cash from Raja & Co., Delhi: |
| 10 Electric Kettles @ Rs 750 | |
| Plus: CGST and SGST @ 6% each | |
| Jan.15 | Sold to Mahesh Bros., Chandigarh: |
| 5 Crompton Water Coolers @ Rs 7,000 each | |
| 2 Pedestal Fans @ Rs 2,500 each | |
| Charged IGST @12% | |
| Jan.18 | Return to Ram & Bros.: |
| 2 Videocon Washing Machines being defective | |
| Jan.20 | Purchased from Sethi & Co., Delhi |
| 20 Toasters @ Rs 800 | |
| They charged CGST and SGST @ 6% each | |
| Jan.27 | Mahesh Bros. returned one Crompton Water Cooler, it being defective |
In the Books of Prabhat Electric Co., Delhi
| Purchases Book | |||||||
| Date | Particular | Detail | Cost |
Input CGST | Input SGST | Input ISGT |
Total |
|---|---|---|---|---|---|---|---|
| 2018 Jan. |
|||||||
| 5 | Ram & Bros., Delhi: | ||||||
| 25 Videocon Washing Machines @ Rs 7,000 | 1,75,000 | ||||||
| 10 Wall Fans @ Rs 1,500 each | 15,000 | ||||||
| 1,90,000 | |||||||
| Less: Trade Discount 25% | 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 | |||
| 20 | Sethi & co., Delhi: | ||||||
| 20 Toasters @ Rs 800 | 16,000 | ||||||
| 16,000 | |||||||
| Add: CGST 6% | 960 | ||||||
| Add: SGST 6% | 960 | ||||||
| 17,920 | 16,000 | 960 | 960 | 17,920 | |||
| 1,58,500 | 9,510 | 9,510 | 1,27,960 | ||||
| Sale Book | |||||||
| Date | Particular | Detail | Cost |
Output CGST | Output SGST | Output ISGT |
Total |
|---|---|---|---|---|---|---|---|
| 2018 Jan. |
|||||||
| 5 | Grover & Co., Kanpur: | ||||||
| 10 Crompton Water Coolers @ Rs 6,000 | 60,000 | ||||||
| 5 Pedestal Fans @ Rs 2,000 each | 10,000 | ||||||
| 70,000 | |||||||
| Less: Trade Discount 10% | 7,000 | ||||||
| 63,000 | |||||||
| Add: IGST 12% | 7,560 | ||||||
| 70,560 | 63,000 | 7,560 | 70,560 | ||||
| 15 | Mahesh Bros., Chandigarh: | ||||||
| 5 Crompton Water Coolers @ Rs 7,000 | 35,000 | ||||||
| 2 Pedestal 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 Return Book | |||||||
| Date | Particular | Detail | Cost |
Output CGST | Output SGST | Output ISGT |
Total |
|---|---|---|---|---|---|---|---|
| 2018 Jan. |
|||||||
| 18 | Ram & Bros., Delhi: | ||||||
| 2 Videocon Washing Machines@ Rs 7,000 | 14,000 | ||||||
| 14,000 | |||||||
| Less: Trade Discount 25% | 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 | ||||
| Sale Return Book | |||||||
| Date | Particular | Detail | Cost |
Output CGST | Output SGST | Output ISGT |
Total |
|---|---|---|---|---|---|---|---|
| 2018 Jan. |
|||||||
| 27 | Mahesh Bros ., Chandigarh | ||||||
| 1 Crompton Water Coolers @ Rs 7,000 | 7,000 | ||||||
| 7,000 | |||||||
| Add: IGST 12% | 840 | ||||||
| 7,840 | 7,000 | 840 | 7,840 | ||||
| 7,000 | 840 | 7,840 | |||||
To understand more about cash book please check out following links: -
https://tutorstips.com/sales-return-book/
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T.S. Grewal's Double Entry Book Keeping
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 19 Chapter No 11 - T.S. Grewal 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 11 Class Financial Accounting.
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