Question No 08 Chapter No 9 – D.K Goal 11 Class

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Question No 08 Chapter No 9
Q-08 - CH-9 - D.K Goal +1 Book 2020 - Solution

Question No 08 Chapter No 9

01. Journalise the following transaction, post them into Ledger, Balance the accounts and prepare a Trial Balance.

Free Accounting book Solution - Class 11 and Class 12
May.1 Balance of Cash in Hand 12,400; Bank Overdraft 36,000.
May.3 Direct deposit by Mr. Ganesh in our bank account 10,000. Discount allowed 200.
May.5 Issued a cheque of 7,700 to Mr. Suresh in full settlement of his account of 8,000
May.6 Received a cheque from X for 12,000. Discount allowed 500. This cheque was deposited into bank on 7th May.
May.8 Received Cash 22,000 and cheque of 8,000 for cash sale.
May.12 Cash sale 70,000 of which 55,000 banked
May.15 The cheque received on 8th May endorsed to Mr. Sunil. Discount received 150
May.20 Discounted a B/R of 10,000 at 1% through bank
May.24 Cheque received from X dishonored, Bank debits 20 in respect of bank charges.
May.25 5 Purchased goods for 50,000 at a trade discount of 10%. The payment was made in cash.
May.26 Withdrew from bank 10,000 for office use and 2,000 for personal use
May.30 Withdrew from bank 10,000 for office use and 2,000 for personal use

The solution of Question No 08 Chapter No 9: –

Dr. Cash Book Cr.
Date Particulars
 L.
F.		 Discount
Allowed		 Cash Bank Date Particulars
 L.
F.		 Discount Received Cash Bank
2020           2020          
May.1 To Balance c/d   – 12,400 – May.1 By Balance b/d   – – 36,000
May.03 To Ganesh’s A/c   200 – 10,000 May.5 By Suresh’s A/c   – – 7,700
May.07 To X A/c   500 – 12,000 May.24 By X A/c   – – 12,000
May.08 To Sales A/c   – 22,000 – May.24 By Bank Charges A/c   – – 20
May.12 To Sales A/c   – 15,000 55,000 May.25 By Purchase A/c     45,000 –
May.20 To Bills Receivable A A/c   – – 9,900 May.26 By Cash A/c   – – 10,000
May.26 To Bank A/c     10,000   May.26 By Drawings A/c       2,000
            May.31 By Interest A/c       4,500
                       
May.31 To Balance c/d   700 – – May.31 By Balance C/d   –
 14,400 14,680
      700 59,400 86,900       – 59,400 86,900
In the Books of Radhika Traders
Date Particulars
 L.F. Debit Credit
2019          
May 06 Cheques-in-Hand A/c Dr.   12,000  
  Discount Allowed A/c Dr.   500  
  To X A/c       12,500
  (Being Cheque received from X but not banked)      
           
May.8 Cheques-in-Hand A/c Dr.   8,000  
  To Cash A/c     8,000
  (Being Cheque received for sales but not banked)      
         
May 15 Sunil’s A/c Dr.   8,150  
  To Cheques-in-Hand A/c       8,000
  To Discount Received A/c       150
  (Being Cheque received from sales endorsed to Sunil )        
           
May.20 Discounting Charges A/c Dr.   100  
  To Bills Receivable A/c       100
  (Being Bills receivable discounted with bank )        
           
May.24 X A/c Dr.   500  
  To Discount Allowed A/c       500
  (Being Discount canceled)        
         
Dr. Discount Allowed A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.03 By Ganesh’s A/c   500 May.24 By X A/c   500
May.06 By X A/c   200        
        May. 31 By Balance c/d   200
      700       700
Dr. Discount Received A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        May.05 By Suresh’s A/c   300
        May.15 By Sunil’s A/c   150
May. 31 To Balance c/d   450        
      450       450
Dr. Cheques-in-Hand Account A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.06 To X’s A/c   12,000 May.07 To Bank A/c   12,000
May.08 To Sales A/c   8,000 May.15 To Sunil’s A/c   8,000
      20,000       20,000
Dr. Discounting Charges A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.20 To Bills Receivable A/c   100        
               
        May. 31 By Balance c/d   100
      100       100
Dr. Bills Receivable A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        May.1 By Bank A/c   9,900
        May.1 By Discounting Charges A/c   100
May.31 To Balance c/d   10,000        
      10,000       10,000
Dr. Ganesh’s A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        May.1 By Bank A/c   10,000
        May.1 By Discounting Charges A/c   200
               
May.31 To Balance c/d   10,200        
      10,200       10,200
Dr. Purchases Return  A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar.6 By Raghu’s A/c   4,000
               
Mar.31 To Balance c/d   4,000        
      4,000       4,000
Dr. X’s A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.24 To Bank A/c   12,000 May.06 By Cheques-in-Hand A/c   12,000
May.24 To Discount Allowed A/c   500 May.06 By Discount Allowed A/c   500
               
      12,500       12,500
Dr. Sales A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        May.08 By Cash A/c   22,000
        May.08 By Cheques-in-Hand A/c   8,000
        May.15 By Cash A/c   15,000
        May.15 By Bank A/c   55,000
May.31 To Balance c/d   1,00,000        
      1,00,000       1,00,000
Dr. Suresh’s A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.05 To Bank A/c   7,700        
May.05 To Discount Received A/c   300        
        May. 31 By Balance c/d   8,000
      8,000       8,000
Dr. Bank Charges A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.24 To Bank A/c   20        
               
        May. 31 By Balance c/d   20
      20       20
Dr. Purchases A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.25 To Bank A/c   45,000        
        May. 31 By Balance c/d   45,000
      45,000       45,000
Dr. Drawings A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.26 To Bank A/c   2,000        
               
        May. 31 By Balance c/d   2,000
      2,000       2,000
Dr. Interest A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.31 To Bank A/c   4,500        
               
               
        May. 31 By Balance c/d   4,500
      4,500       4,500
Dr. Sunil’s A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
May.15 To Cheques-in-Hand A/c   8,000        
May.15 To Discount Received A/c   150        
               
        May. 31 By Balance c/d   8,150
      8,150       8,150

What is Ledger in accounting – explain its Types

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