Question 1

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

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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 t

Question 2

Question No 2 Chapter No 11 - T.S. Grewal 11 Class

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Question No 2 Chapter No 11
 Verma Bros., Kolkata carries on business as a wholesale cloth dealer. From the following write up their purchases book for January 2018 :

2018

Jan.3
Purchased on credit from M/s Birla Mills, Kolkata

100 pieces long cloth @ Rs800 each

50 pieces shirting @ Rs500 each

CGST and SGST payable @6% each

Jan.8*
Purchased for cash from M/s Ambika Mills, Ahmedabad

50 pieces muslin @ 1,000 each

IGST payable @12%

Jan.15
Purchased on credit fro

Question 3

Question No 3 Chapter No 11 - T.S. Grewal 11 Class

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Question No 3 Chapter No 11
  3. From the following transaction of Kamal, Guwahati, prepare Purchases Book and post them into ledger :

2018

Apr.1
Purchased from Videocon India Ltd., Kolkata

30 Colour T.Vs @ Rs 15,000 each

Less: Trade Discount @ 10%

Plus IGST @12% .Freight charges Rs 2,000

Apr.15
Purchased from Sony India Ltd., Guwahati:

10 Colour T.Vs @ Rs 20,000 each

Less: Trade Discount @10%

Plus CGST and SGST @6% each

Apr.20
Purchased from Music India Lt

Question 4

Question No 4 Chapter No 11 - T.S. Grewal 11 Class

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Question No 4 Chapter No 11
  4. The following purchases were made by M/s B.K. Gupta. Kolkata, during the month of April 2018. Prepare Purchases Books and post them in the Ledger Accounts:

2018

Apr.8
Purchases on credit from Subodh Brother, Delhi: 5 Chests of rate @ Rs7,000 per chest at a Trade Discount of 10% plus IGST @12% and packing and other charges Rs500.

*Apr.12
Purchases in cash 20 boxes of tea @ Rs 500 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each.

Question 5

Question No 5 Chapter No 11 - T.S. Grewal 11 Class

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Question No 5 Chapter No 11
 Sales Book 
5. Prepare Sale Book from the following transaction of Hema Traders, Kolkata dealing in furniture. Open the Ledger Account also:

2018

Apr.1
Sold to M/s Gupta Furniture House, Delhi:

100 Chairs @ Rs 1,500 Per Chair

40 Tables @ Rs 2,000 per Table

Less: Trade Discount @5%

Charged IGST @12%

Apr.10
Sold to M/s Ajit Singh & Sons, Kolkata:

150 Desks @ Rs 1,000 Per desk

160 Chairs @ Rs 1,500 per Cahir

Less: Trade Disco

Question 6

Question No 6 Chapter No 11 - T.S. Grewal 11 Class

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Question No 6 Chapter No 11
6. From the following particular, prepare Sale Book Of M/s Gyan Prasad & Bros., Delhi, dealer of Stationary and post into Ledger Accounts:

2018

Jul.1
Sold to M/s Stationery Mart, Delhi on credit:

10 reams white paper @ Rs 300 per ream

Charged CGST and SGST @6% each

Jul.2
Sold to M/s Puran Chand & Co., Chandigarh:

6 dozen pens @ Rs 200 per dozen

Charged IGST@ 12%

*Jul.10
Sold Newspapers for cash Rs 62&n

Question 7

Question No 7 Chapter No 11 - T.S. Grewal 11 Class

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Question No 7 Chapter No 11
7. From the following particulars, prepare Sales book of Gupta & Co., Kolkata who deals in furniture:

2018

Jan.1
Sold on credit to Hari & Co., Kolkata:

10 Table @ Rs 1,100 each

20 Chair @ Rs 1,000 each

Charged CGST and SGST @ 6% each

Jan.10
Sold to M/s Sharma & Co., Delhi on credit:

5 Almirahs @ Rs 5,000 each

5 Stools @ Rs 1,000 each

Charged IGST @ 12%

*Jan.20
Sold Old typewriter fir Rs 600 to Raji & Co., Kolkata o

Question 8

Question No 8 Chapter No 11 - T.S. Grewal 11 Class

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Question No 8 Chapter No 11
Purchases and Sale Books
8. Prepare Purchases and Sale Books from the following transaction of Rahul, Bengaluru:

2018

Jan.1
Bought from M/s Uma Dutt, Mumbai On credit

1,000 Registers @ Rs 80 each

50 Reams paper 2 Rs 250 per ream

Less: Trade Discount 25 %

Add: IGST @ 5%

Jan.2
Sold to Shri Dayal, Bengaluru:

250 Registers @ Rs 85 per each

5 Reams paper @ Rs 300 per ream

Charged CGST and SGST 2.5% each

Jan.8
Bought from BILT., De

Question 9

Question No 9 Chapter No 11 - T.S. Grewal 11 Class

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Question No 9 Chapter No 11
Purchases Return Books
9. Prepare Purchases Return Boks of Aruna Stores, Kolkata from the following transactions and post into Ledger :

2018

Jan.10
Return to Sohan & Sons, Kolkata;

10 Rohtas fans 36’’ @ Rs 1,250 each

Trade Discount 10%

CGST and SGST was paid @ 6% each

Jan.25
Returned to ram & Co., Delhi.,

25 Tube lights @ Rs 200 each

IGST was Paid @ 12 %

The solution of Question No 9 Chapter No 11: - 
In the Books of Aruna Sto

Question 10

Question No 10 Chapter No 11 - T.S. Grewal 11 Class

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Question No 10 Chapter No 11
10. Record the following transactions I the Purchases Return Book of Kamal Stores, Delhi for April 2018 :

2018

Apr.6
Returned goods to Ramesh Brothers, Delhi Purchased For Rs 5,000 Plus CGST and SGST @ 6% each

Apr.8
Returned goods to Sohan Brothers, Meerut Purchased for Rs 10,000 Plus IGST @12%

Apr.17
Returned goods to Mahesh Brothers Of Rs 2,000 Plus CGST and SGST @ 6%

The solution of Question No 10 Chapter No 11: - 
In the Books of Kamal Stores, De

Question 11

Question No 11 Chapter No 11 - T.S. Grewal 11 Class

Sarbjit Singh · Accepted Answer

Question No 11 Chapter No 11
Sale Return Book
11. Prepare Sale Return Book of Shiv Shankar, Delhi From the following transactions and post them into Ledger :

2018

Feb.10
Rama Stores, Delhi returned:

2 Television Sony Sold @ Rs 20,000 each Plus CGST and SGST @ 9%

Feb.20
Sohan Singh & Co., Dehradun Retuned:

3 Washing Machines Videocon Sold @ 10,000 each plus IGST @ 18%

The solution of Question No 11 Chapter No 11: - 
In the Books of Shiv Shankar, Delhi

Sale Return B

Question 12

Question No 12 Chapter No 11 - T.S. Grewal 11 Class

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Question No 12 Chapter No 11
 12. Enter the following transaction in Sales Return Book Of Raj Computers, Delhi :

2018

Jul.1
Sohan & sons, Delhi returned 2 Laptop HP Sold @ Rs 40,000 each plus CGST and SGST @6% each

Jul.2
Ramesh & Sons, Noida returned 2 ‘Ricoh’ printer sold @ Rs 10,000 each plus IGST @12%

Jul.25
Dinesh, Chandigarh returned 10HP Desktop Sold @ Rs 20,000 each plus IGST @12% for delayed supply

Jul.26
Computer Mouse returned by Ravi, Delhi sold to him for Cash

Question 13

Question No 13 Chapter No 11 - T.S. Grewal 11 Class

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Question No 13 Chapter No 11
Returns Inward and Returns Outward Books
13. Prepare Return Inward and Return Outward Books of Manoj, Mumbai from the following transactions:

2018

Mar.1
Mathur Bros., New Delhi, returned:

5 Pairs of Shoes for bring defective @ Rs 2,000 per pair

Less: Trade Discount 10% , IGST was charged @ 18%

Mar.5
Return to Kanpur Leather Private Lid., Kanpur

100 pairs of Chappals being not up to approved Sample. They were purchased @ Rs 300 per pair

Less

Question 14

Question No 14 Chapter No 11 - T.S. Grewal 11 Class

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Question No 14 Chapter No 11
Journal Proper
14. ( Closing Entries).Give the necessary entries in Journal Proper of Ram on 31st March 2018 to close their books:
Freehold Premises Rs 30,000; Plant and Machinery Rs 20,000; Sundry Debtors Rs 25,000; Purchase Rs 37,500; Sales Rs 95,000; Discount (Dr) Rs 150; Discount(Cr) Rs 175; Sundry Creditors Rs 12,500; Carriage Inward Rs 375; Carriage Outward Rs 600; Furniture and Fixtures Rs 2,500; Wages Rs 5,000; Bad Debts Rs 750; Salaries Rs 3,600; Commission

Question 15

Question No 15 Chapter No 11 - T.S. Grewal 11 Class

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Question No 15 Chapter No 11
15. (Transfer Entries). Give the Journals entries for the following: 
(i) Gross Profit of Rs 32,000 from Trading Account to Profit and Loss Account.(ii) Net Profit of Rs 14,500 to Capital Account of Sri Sankar Saha.(iii)Sri Sankar Saha draws Rs 10,000 from his Capital Account.(iv) Purchases Return of Rs 7,000 plus IGST @ 12%(v) Sale Return of Rs 6,000 plus CGST and SGST @ 6% each
The solution of Question No 15 Chapter 11

Date  
Particulars
L.F.
Debit
Credit

(i)

Question 16

Question No 16 Chapter No 11 - T.S. Grewal 11 Class

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Question No 16 Chapter No 11
16. (Adjustment Entries). From the following information available on 31st March 2018, pass the necessary Adjustment Entries in the Journal for the yare ending on that date: 
(i) Interest accrued Rs 2,500.(ii) Wages for March 2018 outstanding Rs 10,000.(iii) Insurance prepaid Rs 1,500.(iv) Commission due to manager 6% on net profit after charging such commission. The profit before charging such commission was Rs 1,06,000 (v) Interest due on loan but not paid. Loan o

Question 17

Question No 17 Chapter No 11 - T.S. Grewal 11 Class

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Question No 17 Chapter No 11
Subsidiary Books 
17. Enter the following transaction in proper Subsidiary Books of ram, Lucknow (UP) for the month of January 2018:

2018
 
Rs

Jan.1
Sold to Ramesh Of Delhi goods Rs 15,000, Charged IGST @12%

Jan.1
Bought goods from Hari Ram, Kanpur (UP) for Rs 8,000 plus CGST and SGST @6% each

Jan.2
Ramesh returned goods
1,000

Jan.2
Sold to Dina Nath, Lucknow goods of Rs 10,000 charged CGST and SGST @6% each

Jan.2
Purchased from Mangal, Kolkata

Question 18

Question No 18 Chapter No 11 - T.S. Grewal 11 Class

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Question No 18 Chapter No 11
18. Write up Purchases and Sale Books from the following transaction of Kalyan Silks, Kochi, Kerala given for April 2018 and post the total in the Ledger :

2018

Apr.1
Purchased from Ram Prasad, Chennai:

100 metres Silk @ Rs 400 per metre

75 meters Vellvet @ Rs 150 per meter

Plus: IGST@ 12%

Apr.10
Sold to Rati Ram, Ahmedabad:

60 metres Silk @ Rs 500 per metre

10 meters  Velvet @ RS 200 per metre

Charged: IGST@12%

Apr.12
Sold o Ra

Question 19

Question No 19 Chapter No 11 - T.S. Grewal 11 Class

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Question No 19 Chapter No 11
19. Record the following transaction of Prabhat Electric Co., Delhi in the proper subsidiary books :

2018

Jan.1
Sold on CREDIT TO Grover & Co., Kanpur:

10 Crompton Water Coolers @ Rs 6,000 each

5 Pedestal Fans @ Rs 2,000 each

Trade Discount 10%, Charged IGST @ 12%

Jan.5
Purchased on credit from Ram & Bros., Delhi:

25 Videocon Washing Machines @ Rs 7,000 each

10 Wall Fans @ Rs 1,500 each

Trade Discount 25% plus CGST and SGST

Question 20

Question No 20 Chapter No 11 - T.S. Grewal 11 Class

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Question No 20 Chapter No 11
20. R. Chetan, Kolkata has the following balances in his books on 1st March 2018Cash Rs 15,400; Cash at Bank RS 85,500; Stock Rs 1,95,500; Plant And Machinery Rs 4,40,000.Sundry Debtors: Rajesh Rs 27,500; James Rs 13,750.Sundry Creditors: Rao Rs 19,250, Samanta Rs 35,750; Capital Rs 7,16,650The following are the transactions for the month of March 2018 :

2018
 
Rs

Mar.1
Cash Sales*
2,000

Mar.2
Purchased machinery by cheque*
5,000

Mar.4
Paid Salaries by Cheq

Date	Particular	Detail	Cost	Input CGST	Input SGST	Input ISGT	Total
Dr.	In the Book of SubhashGeneral Stores
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

T.S. Grewal 11 Class Financial Accounting Solutions Chapter No 11 - Special Purpose Books II - Other books

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Table of Contents

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

The solution of Question No 1 Chapter No 11: -

Question No 2 Chapter No 11 - T.S. Grewal 11 Class

Question No 3 Chapter No 11 - T.S. Grewal 11 Class

Question No 4 Chapter No 11 - T.S. Grewal 11 Class

Question No 5 Chapter No 11 - T.S. Grewal 11 Class

Question No 6 Chapter No 11 - T.S. Grewal 11 Class

Question No 7 Chapter No 11 - T.S. Grewal 11 Class

Question No 8 Chapter No 11 - T.S. Grewal 11 Class

Question No 9 Chapter No 11 - T.S. Grewal 11 Class

Question No 10 Chapter No 11 - T.S. Grewal 11 Class

Question No 11 Chapter No 11 - T.S. Grewal 11 Class

Question No 12 Chapter No 11 - T.S. Grewal 11 Class

Question No 13 Chapter No 11 - T.S. Grewal 11 Class

Question No 14 Chapter No 11 - T.S. Grewal 11 Class

Question No 15 Chapter No 11 - T.S. Grewal 11 Class

Question No 16 Chapter No 11 - T.S. Grewal 11 Class

Question No 17 Chapter No 11 - T.S. Grewal 11 Class

Question No 18 Chapter No 11 - T.S. Grewal 11 Class

Question No 19 Chapter No 11 - T.S. Grewal 11 Class

Question No 20 Chapter No 11 - T.S. Grewal 11 Class

Question No 21 Chapter No 11 - T.S. Grewal 11 Class

Question No 22 Chapter No 11 - T.S. Grewal 11 Class

Question No 23 Chapter No 11 - T.S. Grewal 11 Class

Sarbjit SinghB.Com and M.Com

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