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

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 InputISGT Total 2018May 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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