Question 13 Chapter 6 - Unimax Publications of Class 11

Question 13 Chapter 6 – Unimax

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The solution of Question 13 Chapter 6 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Question 13. From the following transactions of M/s. Black & White of Madras,write up the journal, post them into Ledger and prepare Trail Balance :

2020	Particular	₹
Mar. 1	Assets: cash in hand 2,000; Cash at Bank 68000; Stocks of Goods 40,000
	Machinery 1,00,000; furniture 10,000; M/s. Narain Bros. Owe 15,000; M/s. B.K. Bros. Owe 25,000
	Liabilities: Loan 50,000; sum owing to Jacob Bros. Ltd. 20,000
Mar. 2	Bought goods on credit from Samuel & Co., Madras	10,000
Mar. 3	Sold goods for cash to Dhiraj & Co., Delhi	4,000
Mar. 4	Sold goods for Narain bros., Madras on credit	10,000
Mar. 5	Received from Narain Bros. in full settlement of amount due on 1st January by cheque*	14,500
Mar. 6	Payment made to Jacob Bros. Ltd., Patna by cheque*;	9,750
Mar. 6	They allowed discount	9,750
Mar. 9	Old furniture sold for cash	250
Mar. 10	Bought goods for cash	7,500
Mar. 11	B.K. Bros. Paid by cheque; cheque deposited in the bank	25,000
Mar. 13	Bought goods from Jacob Bros. Ltd excluding cartage of 500. Cartage was paid by the firm on behalf of Jacob bros. Ltd	10,000
Mar. 16	Received cheque from Narain Bros. and the cheque deposited in the bank*	95,00
Mar. 16	Discount allowed to them*	95,00
Mar. 17	Paid cheque to Jacob Bros. Ltd.*	10,000
Mar. 18	Bank intimates that cheque of Narain Bros. has been returned unpaid*
Mar. 19	Sold goods for cash to kay Bros.	6,000
Mar. 21	Cash deposited in the bank*	5,000
Mar. 24	Paid Municipal taxes in cash*	1,000
Mar. 25	Borrowed from Urania investment Co. Ltd. For constructing own premises. Money deposited with bank for the time being*	1,00,000
Mar. 28	Paid for advertisements	1,000
Mar. 31	Paid rent by cheque	15,00
Mar. 31	Paid salaries for the month*	3,000
Mar. 31	Withdrew from bank for private use*	25,00
Mar. 31	Narain Bros. becomes insolvent, a dividend of 50 paise in a rupee is received*
Mar. 31	An old amount, written off as bad debt earlier is recovered*	15,00

Except transactions marked with (*), all transactions are subject to levy of GST. Inter-state transactions are subject to levy of IGST @12% and intra-state transactions are subject to levy of CGST and SGST@ 6% each.

The solution of Question 13 Chapter 6 – Unimax:

IN THE BOOKS OF KAMAL, DELHI JOURNAL

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Journal

Date	Particular		L.F.	Dr.	Cr.
2020	Cash A/c	Dr.	2	2,000
Mar. 1	Stock A/c	Dr.	4	40,000
	Machinery A/c	Dr.	5	1,00,000
	Furniture A/c	Dr.	6	10,000
	M/s Narain bros.	Dr.	7	15,000
	M/s. B.K. Bros.	Dr.	8	25,000
	To Loan A/c		9		50,000
	To Jacob Bros. Ltd.		10		20,000
	To Captial A/c (Balancing Amount)		1		1,90,000
	(Being the assets and liabilities brought forward from last year, capital found by deducting liabilities from assets 9i.e., 2,60,000- 70,0000)

Mar. 2	Purchases A/c	Dr.	4	10,000
	Input CGST A/c	Dr.	24	600
	Input SGST A/c	Dr.	24	600
	To Samuel & Co.		11		11,200
	(Being the intra-state Purchase of goods from Samuel & Co., Payable CGST and SGST @ 6% each)

Mar. 3	Cash A/c	Dr.	2	4,480
	To Sale A/c		4		4,000
	To Output IGST A/c		25		480
	(Being the intra-state Sale of goods for cash to Dhiraj & Co., charged IGST @ 12% each)

Mar. 4	Narain Bros.	Dr.	7	11,200
	To sales A/c		4		10,000
	To Output CGST A/c		25		600
	To Output SGST A/c		25		600
	(Being the Intra-State of goods to Narain & Bros., charged CGST and SGST @ 6% each)

Mar. 5	Cash A/c	Dr.	3	14,500
	Discount allowed A/c	Dr.	13	500
	To Narain Bros.		7		15,000
	(Being the amount of 14,000 received in payment for a debt of 15,000; discount allowed 500

Mar. 6	Jacob Bros. Ltd. A/c	Dr.	10	10,000
	To Bank A/c		3		9,750
	To Discount Received A/c		14		250
	(Being the amount paid by cheque to Jacob Bros. Ltd. Patna who allowed discount of ₹ 250)

Mar. 9	Cash A/c	Dr.	2	1,120
	To FurnitureA/c		6		1,000
	To Output CGST A/c		25		60
	To Output SGST A/c		25		60
	(Being the sale of (Ai furniture, the payment received in cash charged CGST and SGST 0 6% each)

Mar. 10	Purchases A/c	Dr.	4	7,500
	Input CGST A/c	Dr.	24	450
	Input SGST A/c	Dr.	24	450
	To Cash A/c		2		8,400
	(Being the intra-State purchase of goods for cash, paid CGST and SGST@ 6% each)

Mar. 11	Bank A/c	Dr.	3	25,000
	To B.K. Bros.		8		25,000
	(Being the cheque received from B.K. Bros. and deposited in Bank)

Mar. 11	Repairs A/c	Dr.	15	1,000
	Input CGST A/c	Dr.		60
	Input SGST A/c	Dr.		60
	To Cash A/c		2		1,120
	(Being the amount of repairs of machinery, paid CGST and SGST @ 6% each)

Mar. 13	Purchases A/c	Dr.	4	10,000
	Input IGST A/c	Dr.	25	1,200
	To Jacob Bros. Ltd.		10		11,200
	(Being the inter-state purchase of goods from Jacob Bros. Ltd. plus IGST @ 12%)

Mar. 13	Jacob Bros. Ltd.	Dr.	16	500
	To Cash A/c		2		500
	(Being the cartage on goods paid on behalf of Jacob Bros. Ltd.)

Mar. 16	Bank A/c	Dr.	3	9,500
	Discount Allowed A/c	Dr.	13	500
	To Narain Bros.		7		10,000
	(Being the cheque received and deposited in Bank; discount allowed 500)

Mar. 17	Jacob Bros. Ltd.	Dr.	10	10,000
	To Bank A/c		3		10,000
	(Being the amount paid by cheque to Jacob Bros. Ltd.)

Mar. 18	Narain Bros.	Dr.	7	10,000
	To Bank A/c		3		9,500
	To Discount Allowed A/c		13		500
	(Being the cheque received from Narain Bros. returned dishonoured) (Note 2)

Mar. 19	Cash A/c	Dr.		6,720
	To Sales A/c				6,000
	To Output CGST A/c				360
	To Output SGST A/c				360
	(Being the intra-state sale of goods cash, charged CGST and SGST @ 6% each)

Mar. 21	Bank A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being the cash deposited in the bank)

Mar. 24	Municipal Taxes A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being the amount paid as tax)

Mar. 25	Bank A/c	Dr.		1,00,000
	To Loan A/c				1,00,000
	(Being the amount borrowed from Urania Investment Co. Ltd.)

Mar. 28	Advertisement A/c	Dr.		1,000
	Input CGST A/c	Dr.		60
	Input SGST A/c	Dr.		60
	To Cash A/c				1,120
	(Being the payment for advertisements, paid CGST and SGST @ 6% each)

Mar. 31	Rent A/c	Dr.		1,500
	Input CGST A/c	Dr.		90
	Input SGST A/c	Dr.		90
	To Bank A/c				1,680
	(Being the rent paid along with CGST and SGST @ 6% each)

Mar. 31	Salaries A/c	Dr.		3,000
	To Cash A/c				3,000
	(Being the salaries paid for the month)

Mar. 31	Drawings A/c	Dr.		2,500
	To Bank a/c				2,500
	(Being the amount drawn out of bank by the proprietor for private use)

Mar. 31	Cash A/c	Dr.		5,600
	Bad Debts A/c	Dr.		5,600
	To Narain Bros.				11,200
	(Being half the sum due from Narain Bros. received in cash and the other half written off as being irrecoverable)

Mar. 31	Cash A/c	Dr.		1,500
	To Bad Debts Recovered A/c				1,500
	(Being the sum previously treated as bad debts, now recovered—it is a gain)

	Total			5,22,940	5,22,940

LEDGER :

CASH ACCOUNT

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	2,000	Mar. 10	By Purchases A/c	11	7,500
Mar. 3	To Sales A/c	11	4,000	Mar. 10	By Input CGST A/C	11	450
Mar. 3	To Output IGST A/c	11	480	Mar. 10	By Input SGST A/C	11	450
Mar. 5	To Narain bros. A/c	12	14,500	Mar. 11	By Repairs A/C	12	1,000
Mar. 9	To Furniture A/c	12	1,000	Mar. 11	By Input CGST A/C	12	60
Mar. 9	To Output CGST A/c	12	60	Mar. 11	By Input SGST A/C	12	60
Mar. 9	To Output SGST A/c	12	60	Mar. 13	By Jacobs Bros. Ltd.	12	500
Mar. 19	To Sales A/c	13	6,000	Mar. 21	By Bank A/c	13	5,000
Mar. 19	To Output CGST A/c	13	360	Mar. 24	By Municipal Taxes A/c	13	1,000
Mar. 19	To Output SGST A/c	13	360	Mar. 28	By Advertisement A/c	13	1,000
Mar. 31	To Narain Bros.	13	5,600	Mar. 28	By Input CGST A/C	13	60
Mar. 31	To Bad Debts Recovered A/c	13	1,500	Mar. 28	By Input SGST A/C	13	60
				Mar. 31	By Salaries A/c	13	3,000
				Mar. 31	By Balance c/d	13	15,780
			35,920				35,920
Apr. 1	To Balance b/d		15,780

CAPITAL ACCOUNT

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		1,90,000	Mar. 1	By Balance b/d	11	1,90,000
			1,90,000				1,90,000

				Apr. 1	By Balance b/d		1,90,000

DRAWINGS ACCOUNT

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Bank A/c	13	2,500	Mar. 31	By Balance c/d		2,500
			2,500				2,500
Apr. 1	To Balance b/d		2,500

BANK ACCOUNT

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d		68000	Mar. 6	By Jacob Bros. Ltd.	12	9,750
Mar. 11	To B.K. Bros.		25,000	Mar. 17	By Jacob Bros. Ltd.	12	10,000
Mar. 16	To Narain Bros.		9,500	Mar. 18	By Narain Bros.	13	9,500
Mar. 21	To Cash A/c		5,000	Mar. 31	By Rent A/c	13	1,500
Mar. 25	To Loan A/c		1,00,000	Mar. 31	By Input CGST A/c	13	90
				Mar. 31	By Input SGST A/c	13	90
				Mar. 31	By Drawings A/c	13	2,500
				Mar. 31	By balance c/d	13	1,74,070

			2,07,500				2,07,500

Apr. 1	To Balance b/d		1,74,070

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MACHINERY ACCOUNT

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	1,00,00	Mar. 31	By Balance c/d		1,00,000

			1,00,000				1,00,000

Apr. 1	To Balance b/d		1,00,000

Furniture Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	10,000	Mar. 1	By Cash A/c		1,000
				Mar. 31	By Balance c/d		9,000
			10,000				10,000

Apr. 1	To Balance b/d		9,000

Stock Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	40,000
				Mar. 31	By Balance c/d		40,000
			40,000				40,000

Apr. 1	To Balance b/d		40,000

Purchases Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 2	To Samuel & Co.	11	10,000
Mar. 10	To Cash A/c	12	7,500
Mar. 13	To Jacob bros. Ltd.	12	10,000	Mar. 31	By Balance c/d		27,500
			27,500				27,500

Apr. 1	To Balance b/d		27,500

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Sales Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		20,000	Mar. 3	By Cash A/c	11	4,000
				Mar. 4	By Narain Bros. A/c	11	10,000
				Mar. 19	By Balance c/d	13	6,000
			20,000				20,000

				Apr. 1	By Balance b/d		20,000

M/S. Narain Bros. Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	15,000	Mar.	By Cash A/c	11	14,500
Mar. 4	To Sales A/c	11	10,000	Mar.	By Discount Allowed A/c	11	500
Mar. 4	To Output CGST A/c	11	600	Mar.	By Bank A/c	13	9,500
Mar. 4	To Output SGST A/c	11	600	Mar.	By Discount Allowed A/c		500
Mar. 18	To Bank A/c	13	9,500	Mar.	By Cash A/c		5,600
Mar. 18	To Discount Allowed A/c		500	Mar.	By Bad Debts A/c		5,600
			36,200				36,200

				Apr. 1	By Balance b/d		20,000

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M/S. B.K. Bros. Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 1	To Balance b/d	11	25,000	Mar. 11	By Bank A/c	12	25,000
			36,200				25,000

Loan Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		1,50,000	Mar. 11	By Balance b/d	1	50,000
				Mar. 25	By Bank A/c	13	1,00,000
			1,50,000				1,50,000

				Apr. 1	By balance b/d		1,50,000

Jacob Bros. Ltd. Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 6	To Bank A/c	12	9,750	Mar. 1	By Balance b/d	1	20,000
Mar. 6	To Discount Received A/c	12	250	Mar. 13	By Purchases A/c	12	10,000
Mar. 13	To Cash A/c	12	500	Mar. 13	By Input IGST A/c	12	1,200
Mar. 17	To Bank A/c	12	10,000
Mar. 31	To Balance c/d		10,700


			31,200				31,200

				Apr. 1	By balance b/d		10,700

Samuel & Co. Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
				Mar. 2	By Purchases A/c	11	10,000
				Mar. 2	By Input CGST A/c	11	600
				Mar. 2	By Input SGST A/c	11	600
Mar. 31	To Balance c/d		11,200
			11,200				11,200

				Apr. 1	By Balance b/d		11,200

Discount Allowed Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 5	To Narain Bros. A/c		500	Mar. 2	By Narain Bros. A/c	11	500
	To Narain Bros. A/c		500	Mar. 2	By Balance c/d	11	500
			1,000				1,000

Apr. 1	To Balance b/d		500

Discount Received Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		250	Mar. 6	By Jacob Bros. A/c	12	250

			250				250

				Apr. 1	By Balance b/d		250

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Repairs Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 11	To Cash A/c	12	1,000	Mar. 6	By Balance c/d		1,000

			1,000				1,000

Apr. 1	To Balance b/d		1,000

Municipal Tax Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 11	To Cash A/c	13	1,000	Mar. 31	By Balance c/d		1,000

			1,000				1,000

Apr. 1	To Balance b/d		1,000

Advertisement Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 28	To Cash A/c	13	1,000	Mar. 31	By Balance c/d		1,000

			1,000				1,000

Apr. 1	To Balance b/d		1,000

Rent Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Bank A/c	13	1,500	Mar. 31	By Balance c/d		1,500

			1,500				1,500

Apr. 1	To Balance b/d		1,500

Salaries Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Bank A/c	13	3,000	Mar. 31	By Balance c/d		3,000

			3,000				3,000

Apr. 1	To Balance b/d		3,000

Bad Debts Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Narain Bros. A/c	13	5,600	Mar. 31	By Balance c/d		5,600

			5,600				5,600

Apr. 1	To Balance b/d		5,600

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Bad Debts Recovered Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
				Mar. 31	By Cash A/c	13	1,500
Mar. 31	By Balance c/d		1,500
			1,500				1,500

				Apr. 1	By Balance b/d		1,500

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Input CGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 2	To Samuel & Co. (Purchase)	11	600	Mar. 31	By Balance c/d	13	1,260
Mar. 10	To Cash A/c (Purchase)	11	450
Mar. 11	To Cash A/c (Repairs)	12	60
Mar. 28	To Cash A/c (Advertisement)	13	60
Mar. 31	To Bank A/c (Rent)	13	90
			1,260				1,260

Input SGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 2	To Samuel & Co. (Purchase)	11	600	Mar. 31	By Balance c/d	13	1,260
Mar. 10	To Cash A/c (Purchase)	11	450
Mar. 11	To Cash A/c (Repairs)	12	60
Mar. 28	To Cash A/c (Advertisement)	13	60
Mar. 31	To Bank A/c (Rent)	13	90
			1,260				1,260

Input IGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 13	To Jacob Bros. Ltd. (Purchase)	12	1,200	Mar. 31	By Balance c/d		1,200
			1,200				1,200

Output IGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d	12	1,200	Mar. 31	By Cash A/c (Sales)		1,200
			1,200				1,200

Output CGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		1,020	Mar. 4	By Narain Bros. A/c	11	600
					By Cash A/c (Furniture)	11	60
					By Cash A/c (Sales)	13	360
			1,020				1,020

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Output SGST Account

Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2020				2020
Mar. 31	To Balance c/d		1,020	Mar. 4	By Narain Bros. A/c	11	600
					By Cash A/c (Furniture)	11	60
					By Cash A/c (Sales)	13	360
			1,020				1,020

This is all about question 13 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Chapter No. 1 – Introduction of Accounting
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and Transactions
Chapter No. 4 – Journal
Chapter No. 5 – Goods and Services Tax (GST) : An Introduction
Chapter No. 6 – Ledger
Chapter No. 7 – Special Purpose Book – Cash Book
Chapter No. 8 – Other Subsidiary Books
Chapter No. 9 – Trial Balance
Chapter No. 10 – Rectification of Errors
Chapter No. 11 – Depreciation
Chapter No. 12 – Provision and Reserves
Chapter No. 13 – Bank Reconciliation Statement
Chapter No. 14 – Bills of Exchange

Students may Choose only one part from the Part II and Part III

Part-II

Chapter No. 15 – Financial Statements (Without Adjustments)
Chapter No. 16 – Financial Statements (With Adjustments)
Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

Chapter No. 18 – Introduction to Compurters and Accounting information System
Chapter No. 19 – Computerised Accounting
Chapter No. 20 – Accounting Software : Tally
Chapter No. 21 – Data Base System
Chapter No. 22 – Concept of Entity and Relationship

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You can also Check out the other Books’ Solution: –

Question 13 Chapter 6 – Unimax Publications of Class 11

The solution of Question 13 Chapter 6 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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