Question No 4 Chapter No 9 - T.S. Grewal 11 Class

Question No 4 Chapter No 9

Journalise the following transactions book of Afzal, Kolkata and post them in the ledger:

2018		Rs.
Apr. 1	Commenced Business with Cash*	1,50,000
Apr. 2	Opened a Bank Account with PNB*	50,000
Apr. 3	Purchase Furniture	20,000
Apr. 7	Bought goods for cash from M/s. Rupa Traders, Delhi	30,000
Apr. 8	Purchased goods from M/s. Hema Traders, Chandigarh	42,000
Apr. 10	Cash sales	30,000
Apr. 14	Sold goods on credit to M/s. Gupta Traders, Kolkata	12,000
Apr. 16	Rent Paid	4,000
Apr. 18	Paid Electricity expenses*	1,000
Apr. 20	Received cash from Gupta Traders*	12,000
Apr. 22	Goods returned to Hema Traders	2,000
Apr. 23	Cash paid to Hema Traders*	40,000
Apr. 25	Bought postage stamps*	100
Apr. 30	Paid salary to Mohan*	4,000

Intra-State transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12 %. Out of the above transactions, transactions marked(*) are not subject to levy of GST.

Solution of Question No 4 Chapter No 9: - 

In the Books of Afzal, Kolkata

Date	Particulars		L.F.	Debit	Credit
2018
Apr. 1	Cash A/c	Dr.		1,50,000
	To Capital A/c				1,50,000
	(Being Commenced business with cash.)
Apr. 2	Bank - PNB A/c	Dr.		50,000
	To Cash A/c				50,000
	(Being Bank account opened in PNB)
Apr. 3	Furniture A/c	Dr.		20,000
	Input CGST A/c	Dr.		1,200
	Input SGST A/c	Dr.		1,200
	To Cash A/c				22,400
	(Being Furniture purchased for cash )
Apr. 7	Purchase A/c	Dr.		30,000
	Input CGST A/c	Dr.		1,800
	Input SGST A/c	Dr.		1,800
	To Cash A/c				33,600
	(Being goods purchased for cash )
Apr. 8	Purchase A/c	Dr.		42,000
	Input IGST A/c	Dr.		5,040
	To M/s Hema Traders, CHD A/c				47,040
	(Being goods purchased for cash )
Apr. 10	Cash A/c	Dr.		33,600
	To Sales A/c				30,000
	To Output CGST A/c				1,800
	To Output SGST A/c				1,800
	(Being goods sold for cash)
Apr. 14	M/s. Gupta Traders, Kolkata A/c	Dr.		13,440
	To Sales A/c				12,000
	To Output IGST A/c				1,440
	(Being goods sold for cash)
Apr. 16	Rent A/c	Dr.		4,000
	Input CGST A/c	Dr.		240
	Input SGST A/c	Dr.		240
	To Cash A/c				4,480
	(Being Rent paid to Landlord)
Apr. 18	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being Electricity Charges paid)
Apr. 20	Cash A/c	Dr.		12,000
	To M/s Gupta Traders A/c				12,000
	(Being payment received in cash)
Apr. 22	M/s. Hema Traders, CHD A/c	Dr.		2,240
	To Pruchase Return A/c				2,000
	To Input IGST A/c				240
	(Being goods returned)
Apr. 23	M/s. Hema Traders, CHD A/c	Dr.		40,000
	To Cash A/c				40,000
	(Being payment made to vendor)
Apr. 25	Postage & stamps A/c	Dr.		100
	To Cash A/c				100
	(Being cash paid for postage & stamps)
Apr. 30	Salary A/c	Dr.		4,000
	To Cash A/c				4,000
	(Being Salary paid)

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

https://tutorstips.com/ledger/

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

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Capital A/c		1,50,000	Apr. 2	By Bank- PNB A/c		50,000
Apr. 5	To Sales A/c		33,600	Apr. 11	By Furniture A/c		22,400
Apr. 15	To M/s Gupta Traders A/c		12,000	Apr. 13	By Purchase A/c		33,600
				Apr. 16	By Rent A/c		4,480
				Apr. 18	By Electricity A/c		1,000
				Apr. 23	By Hema Traders A/c		40,000
				Apr. 25	By Postage & Stamps A/c		100
				Apr. 30	By SalaryA/c		4,000
				Apr. 30	By Balance C/d		40,020
			1,95,600				1,95,600

 

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Cash A/c		1,50,000
Apr. 30	By Balance C/d		1,50,000
			1,50,000				1,50,000

 

Dr.	Bank - PNB A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Cash A/c		50,000
				Apr. 30	By Balance C/d		50,000
			50,000				50,000

 

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Cash A/c		22,400
				Apr. 30	By Balance C/d		22,400
			22,400				22,400

Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 7	To Cash A/c		30,000
Apr. 8	To M/s Hema Traders, CHD A/c		42,000	Apr. 30	By Balance C/d		72,000
			72,000				72,000

Dr.	M/s Hema Traders, Chandigarh A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 22	To Purchase Return A/c		2,240	Apr. 8	By Purchase A/c		47,040
Apr. 23	To Cash A/c		40,000
Apr. 30	To Balance C/d		4,800
			47,040				47,040

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 10	By Cash A/c		30,000
Apr. 30	By Balance C/d		42,000	Apr. 14	By M/s Gupta Traders, Kolkata A/c		12,000
			42,000				42,000

Dr.	M/s Gupta Traders, Kolkata A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 14	To Sales A/c		13,440	Apr. 20	By Cash A/c		12,000
				Apr. 30	By Balance C/d		1,440
			13,440				13,440

Dr.	Purchase Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 30	By Balance C/d		2,000	Apr. 22	By M/s Hema Traders, CHD A/c		2,000
			2,000				2,000

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 16	To Cash A/c		4,000	Apr. 30	By Balance C/d		4,000
			4,000				4,000

Dr.	Electricity Charges A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 18	To Cash A/c		1,000	Apr. 30	By Balance C/d		1,000
			1,000				1,000

Dr.	Salary A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 30	To Cash A/c		4,000	Apr. 30	By Balance C/d		4,000
			4,000				4,000

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