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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

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Question No 1 Chapter No 11

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Purchases Books

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

2018 
May.1Bought 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.3Bought 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.4Purchases 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
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
May
       
1M/s Chunni Lal Mam Raj, Delhi      
 100 bags of wheat atta @ Rs 530 per each53,000     
 50 bags of Ricer Basmati @ Rs 500 per each25,000     
  78,000     
 Less: Trade Discount @10%7,800     
  70,200     
 Add: CGST4,212     
 Add: SGST4,212     
  78,62470,2004,2124,212 78,624
        
3M/s Kanodia oil Mills, Delhi      
 40 tins oil @ Rs 1,500 per tin60,000     
 20 tin Banaspati oil @ Rs 900 per tin18,000     
  78,000     
 Less: Trade Discount @5%3,900     
  74,100     
 Add: CGST4,446     
 Add: CGST4,446     
  82,99274,1004,4464,446 82,992
        
4M/s Gupta Bros., Hapur:      
 25 bags gram @ Rs 480 per bag12,000     
 40 bags cats @ Rs 25 per bag1,000     
  13,000     
 Less: Trade Discount @5%650     
  12,350     
 Add: IGST1,482     
  13,83212,350  1,48213,832
 Total 1,56,6508,65886581,4821,75,448

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

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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. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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