Question 13 Chapter 6 – Unimax Publications of Class 11

Posted by By Amanpreet Kaur 44 Min Read May 27, 2022
Question 13 Chapter 6 - Unimax Publications of Class 11
Question 13 Chapter 6 - Unimax Publications of Class 11

Question 13 Chapter 6 – Unimax

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
They allowed discount
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
Discount allowed to them*
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

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

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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        

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        

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

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

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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

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        

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

Input CGST Account

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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

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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

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

You Can also read all the above articles in Hindi on our Hindi Website

Ledger balancing or Closing of ledger account | Ledger – In Hindi

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Comment if you have any doubt in question 13 Chapter 6 – Unimax.

You can also Check out the solved question of other Chapters: –

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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