Question No 32 Chapter No 8 - T.S. Grewal 11 Class

Question No 32 Chapter No 8

D. Chadha, Delhi commenced business on 1st January, 2018. His transactions for the month are given below. Journalise them.

2018		Rs.
Jan. 1	Commenced Business with Cash	25,000
Jan. 2	Opened Bank Account with cheque from his Savings Account	2,25,000
Jan. 3	Bought goods from Ramesh & Co. Delhi paid CGST and SGST @ 6% each	54,000
Jan. 3	Sold goods to Rajesh of Rs. 60,000. charged CGST and SGST @ 6% each
Jan. 7	Bought goods of Rs. 65,000 from Rahul, Chennai, paid IGST  @ 12%
Jan. 8	Paid wages in cash	8,000
Jan. 8	Sold goods to Mahesh, Kochi of Rs 60,000; charged IGST @12%
Jan. 10	Received cheque from Rajesh (Discount allowed Rs. 1,200)	66,000
Jan. 10	Paid into Bank	66,000
Jan. 11	Paid to Ramesh & Co. (Discount received Rs 2,700)	51,300
Jan. 12	Paid rent @ 15,000 per month for three months up to March, paid CGST and SGST @ 6% each
Jan. 15	Paid office expenses in cash	700
Jan. 21	Sold to Mahesh, Delhi goods of Rs 25,000 charged CGST and SGST @ 6% each
Jan. 22	Paid office Expenses in cash	500
Jan. 22	Paid Rahul be cheque (discount Rs 3,200)	61,300
Jan. 25	Received cheque from Mahesh, Kochi (discount Rs 1,500)	65,700
Jan. 27	Mahesh, Delhi returned goods (not up to sample)	2,000
Jan. 29	Paid wages in cash	10,000
Jan. 31	Paid office expenses in cash	400
Jan. 31	Paid Salaries for the month	20,000

Solution of Question No 32 Chapter No 8: - 

In the Books of Amit Saini, Gurugram (Haryana)

Date	Particulars		L.F.	Debit	Credit
2018
Jan. 1	Cash A/c	Dr.		25,000
	To Capital A/c				25,000
	(Being Commenced business with cash.)
Jan. 2	Bank A/c	Dr.		2,25,000
	To Capital A/c				2,25,000
	(Being introduce further capital into business.)
Jan. 3	Purchase A/c	Dr.		54,000
	Input CGST A/c	Dr.		3,240
	Input SGST A/c	Dr.		3,240
	To Cash A/c				60,480
	(Being purchased goods from Ramesh & Co., Delhi)
Jan. 3	Rajesh’s A/c	Dr.		67,200
	To Sales A/c				60,000
	To Output CGST A/c				3,600
	To Output SGST A/c				3,600
	(Being goods sold to Rajesh)
Jan. 7	Purchase A/c	Dr.		65,000
	Input IGST A/c	Dr.		7,800
	To Sales A/c				72,800
	(Being purchased goods from Rahul, Chennai)
Jan. 8	Wages A/c	Dr.		8,000
	To Cash A/c				8,000
	(Being cheque dishonored.)
Jan. 10	Bank A/c	Dr.		66,000
	Discount Allowed A/c	Dr.		1,200
	To Rajesh’s A/c				67,200
	(Being payment received with cheque and discount allowed. )
Jan. 11	Ramesh & Co. A/c	Dr.		54,000
	To Cash A/c				51,300
	To Discount Received A/c				2,700
	(Being payment made to Ramesh & Co.)
Jan. 12	Rent A/c	Dr.		45,000
	Input CGST A/c	Dr.		2,700
	Input SGST A/c	Dr.		2,700
	To Mohan’s A/c				50,400
	(Being Rent paid)
Jan. 15	Wages A/c	Dr.		8,000
	To Cash A/c				8,000
	(Being wages paid )
Jan. 15	Office Expenses A/c	Dr.		700
	To Cash A/c				700
	(Being office expenses paid )
Jan. 21	Mahesh’s A/c	Dr.		28,000
	To Sales A/c				25,000
	To Cash A/c				1,500
	To Cash A/c				1,500
	(Being goods sold to Mahesh)
Jan. 22	Office Expenses A/c	Dr.		500
	To Cash A/c				500
	(Being office expenses paid)
Jan. 22	Rahul’s A/c	Dr.		64,500
	To Bank A/c				61,300
	To Discount Received A/c				3,200
	(Being Paid Rahul by cheque)
Jan. 25	Bank A/c	Dr.		65,700
	Discount Allowed A/c			1,500
	To Mahesh, Kochi A/c				67,200
	(Being payment received with cheque and discount allowed. )
Jan. 27	Sale Retuned A/c	Dr.		2,000
	Output CGST A/c	Dr.		120
	Output SGST A/c	Dr.		120
	To Barun, Chandigarh A/c				22,400
	(Being goods returned by Mahesh, Delhi)
Jan. 29	Wages A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being wages paid )
Jan. 31	Office Expenses A/c	Dr.		400
	To Cash A/c				400
	(Being office expenses paid )
Jan. 31	Salaries A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being salaries paid.)

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