Question No 1 Chapter No 11 – T.S. Grewal 11 Class

Question No.1 Chapter No.11 T.S. Grewal 1 Book 2019 Solution min min 1024x576 - Question No 1 Chapter No 11 - T.S. Grewal 11 Class

Question No 1 Chapter No 11

Purchases Books

Record the following transaction in the purchase book of Subhash General Stores, Delhi :

2018  
May.1 Bought from M/s Chunni Lal Mam Raj, Delhi
  100 bags of ITC wheat Atta @ Rs 530 per bag
  50 bags of Rice Basmati @ Rs 500 per bag
  Less: Trade Discount @10%
  CGST and SGST@6% each  was payable on the purchases 
May.3 Bought from M/s Kanodia oil mills, Delhi 
  40 Tins oil @ Rs 1,500 per tin 
  20 tins Banaspati oil @ Rs 900 Per tin
  Less: Trade Discount @5%
  CGST and SGST @6% each was payable on the purchases  
May.4 Purchases from M/s Gupta Bros., Hapur:
  25 bags gram @ Rs 480 per bags 
  40bags oats @ Rs 25 per bag 
  Less: Trade Discount @5%
  IGST 12% was payable on the purchases   

The solution of Question No 1 Chapter No 11: – 

 Dr. In the Book of SubhashGeneral Stores
Date Particular Detail Cost
Input CGST Input SGST  Input
ISGT
 
Total
2018
May
             
1 M/s Chunni Lal Mam Raj, Delhi            
  100 bags of wheat atta @ Rs 530 per each 53,000          
  50 bags of Ricer Basmati @ Rs 500 per each 25,000          
    78,000          
  Less: Trade Discount @10% 7,800          
    70,200          
  Add: CGST 4,212          
  Add: SGST 4,212          
    78,624 70,200 4,212 4,212   78,624
               
3 M/s Kanodia oil Mills, Delhi            
  40 tins oil @ Rs 1,500 per tin 60,000          
  20 tin Banaspati oil @ Rs 900 per tin 18,000          
    78,000          
  Less: Trade Discount @5% 3,900          
    74,100          
  Add: CGST 4,446          
  Add: CGST 4,446          
    82,992 74,100 4,446 4,446   82,992
               
4 M/s Gupta Bros., Hapur:            
  25 bags gram @ Rs 480 per bag 12,000          
  40 bags cats @ Rs 25 per bag 1,000          
    13,000          
  Less: Trade Discount @5% 650          
    12,350          
  Add: IGST 1,482          
    13,832 12,350     1,482 13,832
  Total   1,56,650 8,658 8658 1,482 1,75,448

 To understand more about cash book please check out following links: –

Cash Book | Types of Cash Book | Subsidiary Books

Single Column Cash Book | Explained with Example

Double Column Cash Book | Explained with Example

Triple Column Cash Book | Explained with Example

Petty Cash Book | Example | Subsidiary Books

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Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 1 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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