Question No 10 Chapter No 8 - T.S. Grewal 11 Class

Question No 10 Chapter No 8

Journalise the following transactions of Ram, Delhi:

2018		Rs
Jan-01	Ram commenced business with cash	30,000
Jan-02	Opened Bank account with Union Bank by cheque from savings account	21,000
Jan-03	Purchased goods from Rahul in cash	10,000
Jan-07	Withdrew cash from Bank for office use	3,000
Jan-10	Sold Goods to Hari, Delhi on Credit	5,000
Jan-15	Purchased goods from Shyam, Meerut(UP)	15,000
Jan-20	Cash Sales	3,000
Jan-25	Paid to Shyam	14,750
	Discount Received	250
Jan-31	Paid Salaries	10,000

CGST and SGST @6% each on intra-state sale and purchase. IGST is lived @ 12% on inter-state sale and purchase.

Solution of Question No 10 Chapter No 8: –

In the Books of Ram , Delhi

Date	Particulars		L.F.	Debit	Credit
Jan 1	Cash A/c	Dr.		30,000
	To Capital A/c				30,000
	(Being Ram commenced business with cash.)

Jan 1	Bank A/c	Dr.		21,000
	To Capital A/c				21,000
	(Being cheque deposited from his saving account)

Jan 5	Purchase A/c	Dr.		10,000
	CGST Input A/c	Dr.		600
	SGST Input A/c	Dr.		600
	To Cash A/c				11,200
	(Being goods purchased from Rahul for Cash.)

Jan 7	Cash A/c	Dr.		10,000
	To Bank A/c				10,000
	(Being Cash withdrew from bank for office use)

Jan 10	Hari A/c	Dr.		5,600
	To Sales A/c				5,000
	To CGST Output A/c				300
	To SGST Output A/c				300
	(Being goods sold Hari)

Jan 15	Purchase A/c	Dr.		15,000
	IGST Input A/c	Dr.		1,800
	To Shyam A/c				16,800
	(Being goods purchased from Shyam inter-state)

Jan 20	Cash A/c	Dr.		3,360
	To Sales A/c				3,000
	To CGST Output A/c				180
	To SGST Output A/c				180
	(Being goods sold for cash)

Jan 27	Shyam A/c	Dr.		15,000
	To Cash A/c				14,750
	To Discount Received A/c				250
	(Being cash paid to Mohan)

Jan 31	Salary A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being salary paid.)

Explanation of All Transactions with images: –

This is not a part of the solution, So you don’t have to write it in the exam. So, why we explained if it is not needed. Because This explanation will help you to understand all transactions with logic and you don’t need to remember all the transactions but just understand and remember the logic use behind it.

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Transaction No. 1

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Cash	Assets	Real Account	Cash received by business	Cash Comes In	Debit
Capital (owner)	Personal	Personal Account	Giving cash to business	Owner is Giver	Credit

Transaction No. 2

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Bank	Artificial Person	Personal Account	Bank receiving cheque	Bank is receiver	Debit
Capital (Owner)	Personal	Personal Account	Depositing cash into business bank account	Owner is Giver	Credit

Transaction No. 3

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Purchase (Goods)	Assets	Real Account	Goods received by business	Goods comes in	Debit
CGST Input A/c	Expenses	Nominal Account	Tax collected from buyer	All Expenses and losses	Debit
SGST Input A/c	Expenses	Nominal Account	Tax collected from buyer	All Expenses and losses	Debit
Cash	Assets	Real Account	Payment made in cash	Cash goes out	Credit

Transaction No. 4

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Cash	Assets	Real Account	Cash received by business	Cash Comes In	Debit
Bank	Artificial Person	Personal Account	Bank giving cash	Bank is Giver	Credit

Transaction No. 5

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Hari	Person	Personal Account	Goods received	Ram is receiver	Debit
Sales a/c (Goods)	Assets	Real Account	Goods giving by Business	Goods Goes out	Credit
CGST Output A/c	Income	Nominal Account	Tax collected from buyer	All income and gains	Credit
SGST Output A/c	Income	Nominal Account	Tax collected from buyer	All income and gains	Credit

Transaction No. 6

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Purchase (Goods)	Assets	Real Account	Goods received by business	Goods comes in	Debit
IGST Input A/c	Expenses	Nominal Account	Tax collected from buyer	All Expenses and losses	Debit
Mr. Shyam	Person	Personal Account	Making payment	Ram is Giver	Credit

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Transaction No. 7

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Cash	Assets	Real Account	Cash received by business	Cash Comes In	Debit
Sales a/c (Goods)	Assets	Real Account	Goods giving by Business	Goods Goes out	Credit
CGST Output A/c	Income	Nominal Account	Tax collected from buyer	All income and gains	Credit
SGST Output A/c	Income	Nominal Account	Tax collected from buyer	All income and gains	Credit

Transaction No. 8

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Mr. Shyam	Person	Personal Account	Receiving payment	Shyam is Receiver	Debit
Cash	Assets	Real Account	Payment made in cash	Cash goes out	Credit
Discount Received	gain	Nominal Account	Discount received	All income and gains	Credit

Transaction No. 9

Name of Account	Type of Account	Rule which will Applicable	What happen in the transaction	Rule applied	According to Rule It will be
Salary A/c	Loss	Nominal Account	Expenses incurred	All Expenses and Losses	Debit
Cash	Assets	Real Account	Payment made in cash	Cash goes out	Credit

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Question No 10 Chapter No 8 – T.S. Grewal 11 Class