Question No 10 Chapter No 9 – T.S. Grewal 11 Class

Question No. 10 - Chapter No.9 - T.S. Grewal +1 Book 2019

Question No 10 Chapter No 9

Write up the following transactions in the Journal of Ashok, Delhi and post them to the Ledger for April, 2018 Also, Prepare the Trail Balance as on 30th April, 2018: –

2018   Rs.
Apr-01 Commenced business with Cash* 40,000
Apr-02 Opened Bank Account and deposited cheque from Saving A/c*  3,00,000
Apr-05 Bought goods against cheque  50,000
Apr-07 Sold goods to Amit, Chandigarh 25,000
Apr-09 Bought goods from Parvat, Delhi 51,000
Apr-12 Received cheque from Amit* 19,500
  Discount allowed* 500
Apr-13 Issued cheque to Parvat* 39,000
  Discount allowed by him*  1,000
Apr-16 Withdrew Cash for personal Expenses* 10,000
Apr-17 Received cash from Amit and Deposited into Bank* 5,000
Apr-25 Paid rent by cheque 9,000
Apr-29 Goods sold to Romy, Delhi 48,000

Inter-State transactions are subject to levy of IGST@12% and Intra-state transactions are subject to levy of CGST and SGST @6% each. GST is not levied on transactions marked with (*).

Solution of Question No 10 Chapter No 9: – 

In the Books of Ashok, Delhi

Date   Particulars
L.F. Debit Credit
2018          
Apr. 1 Cash A/c Dr.   40,000  
            To Capital A/c       40,000
  (Being business commenced with Cash)      
           
Apr. 2 Bank A/c Dr.   3,00,000  
            To Capital A/c       3,00,000
  (Being opened Bank Account and deposited cheque from saving A/c)      
           
Apr. 5 Purchase A/c Dr.   50,000  
  Input CGST A/c Dr.   3,000  
  Input SGST A/c Dr.   3,000  
             To Bank A/c     56,000
  (Being goods bought against cheque)      
         
Apr. 7 Amit, Chandigarh A/c Dr.   28,000  
            To Sale A/c       25,000
            To Output IGST A/c     3,000
  (Being Goods Sold to Amit, Chandigarh)      
           
Apr. 9 Purchase A/c Dr.   51,000  
  Input CGST A/c Dr.   3,060  
  Input SGST A/c Dr.   3,060  
             To Parvat, Delhi A/c     57,120
  (Being Goods Purchase from Parvat, Delhi)      
         
Apr. 12 Bank A/c Dr.   19,500  
  Discount Allowed A/c Dr.   500  
             To Amit, Chandigarh A/c     20,000
  (Being payment received by cheque from Amit, Chandigarh)      
         
Apr. 13 Parvat, Delhi A/c Dr.   40,000  
            To Bank A/c       39,000
            To Discount Received A/c     1,000
  (Being Payment made by cheque to Parvat, Delhi )      
           
Apr. 16 Drawing A/c Dr.   10,000  
             To Cash A/c     10,000
  (Being Cash withdrew for personal use )      
         
Apr. 17 Cash A/c Dr.   5,000  
             To Amit, Chandigarh A/c     5,000
  (Being Cash received from Amit, Chandigarh)      
         
Apr. 15 Bank A/c Dr.   5,000  
             To Cash A/c     5,000
  (Being Cash deposited into Bank )      
         
Apr. 25 RentA/c Dr.   9,000  
  Input CGST A/c Dr.   540  
  Input SGST A/c Dr.   540  
             To Bank A/c     10,080
  (Being rent paid by cheque)      
         
Apr. 15 Romy, Delhi A/c Dr.   53,760  
            To Sale A/c       48,000
            To Output CGST A/c     2,880
            To Output SGST A/c     2,880 
  (Being Goods Sold to Romy, Delhi)      
         

To clear the meaning of Ledger and Ledger balancing Click below: 

What is Ledger – Explained with Example

Ledger balancing or Closing of ledger account | Ledger
 
Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Capital A/c    40,000 Apr. 16 By DrawingA/c   10,000
Apr. 17 To Amit A/c   5,000 Apr. 17 By Bank A/c   5,000
        Apr. 30 By Balance C/d   30,000
               
      20,000       20,000

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Cash A/c    40,000
        Apr.  By Bank A/c    3,00,000
Apr. 30 To Balance C/d   3,40,000        
               
      3,40,000       3,40,000

 

Dr. Bank A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 2 To Capital A/c   3,00,000 Apr. 5 By Purchase A/c   50,000
Apr. 12 To Amit Chandigarh A/c   19,500 Apr. 5 By Input CGST A/c   3,000
Apr. 12 To Cash A/c   5,000 Apr. 5 By Input SGST A/c   3,000
        Apr. 27 By Parvat, Delhi A/c   39,000
        Apr. 27 By Rent A/c   9,000
        Apr. 5 By Input CGST A/c   540
        Apr. 5 By Input SGST A/c   540
        Apr. 30 By Balance C/d   2,19,420
               
      3,24,500       3,24,500

 

Dr. Purchase A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 5 To Bank A/c   50,000        
Apr. 9 To Parvat, Delhi A/c   51,000        
        Apr. 30 By Balance C/d   1,01,000
               
      1,01,000       1,01,000

 

Dr. Sales A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 7 By Amit, Chandigarh A/c   28,000
        Apr. 29 By Romy, Delhi A/c   48,000
Apr. 30 To Balance C/d   76,000        
               
      76,000       76,000

 

Dr. Amit, Chandigarh A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 7 To Sales A/c   25,000 Apr. 12 By Bank A/c   19,500
Apr. 7 To Output IGST  A/c   3,000 Apr. 12 By Discount Allowed A/c   500
        Apr. 18 By Cash A/c   5,000
        Apr. 30 By Balance C/d   3,000
               
      28,000       28,000

 

Dr. Parvat, Delhi A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 7 To Bank A/c   39,000 Apr. 12 By Purchase A/c   51,000
Apr. 7 To Discount Received A/c   1,000 Apr. 12 By Input CGST A/c   3,060
        Apr. 12 By Input SGST A/c   3,060
Apr. 30 To Balance C/d   17,120        
               
      57,120       57,120

 

Dr. Romy, Delhi A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 7 To Sales A/c   48,000        
Apr. 7 To Output CGST  A/c   2,880        
Apr. 7 To Output SGST  A/c   2,880        
        Apr. 30 By Balance C/d   53,760
               
      53,760       53,760

 

Dr. Drawing A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 16 To Cash A/c   10,000 Apr. 30 By Balance C/d   10,000
               
      1,500       1,500

 

Dr. Discount Allowed A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 10 To Amit, Chandigarh A/c   500 Apr. 30 By Balance C/d   500
               
      500       500

 

Dr. Discount Received A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 13 By Parvat, Delhi A/c   1,000
Apr. 30 To Balance C/d   1,000        
               
      1,000       1,000

 

Dr. Input CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 5 To Bank A/c   3,000        
Apr. 8 To Parvat, Delhi A/c   3,060        
Apr. 25 To Rent A/c   540        
        Apr. 30 By Balance C/d   6,600
               
      6,600       6,600

 

Dr. Input SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 5 To Bank A/c   3,000        
Apr. 8 To Parvat, Delhi A/c   3,060        
Apr. 25 To Rent A/c   540        
        Apr. 30 By Balance C/d   6,600
               
      6,600       6,600

 

Dr. Output CGST A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 29 By Romy, Delhi A/c   2,880
Apr. 30 To Balance C/d   2,880        
               
      2,880       2,880

 

Dr. Output SGST A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 29 By Romy, Delhi A/c   2,880
Apr. 30 To Balance C/d   2,880        
               
      2,880       2,880

 

Dr. Output IGST A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 10 By Amit Chandigarh A/c   3,000
Apr. 30 To Balance C/d   3,000        
               
      3,000       3,000

 

Trial Balance 
Particulars
L.F. Debit Credit
Cash A/c   30,000  
Capital A/c     3,40,000
Bank A/c   2,19,420  
Purchases A/c   1,01,000  
Sale A/c     73,000
Amit, Chandigarh A/c   3,000  
Parvat, Delhi A/c     17,120
Romy, Delhi A/c   53,760  
Discount Allowed A/c   500  
Discount Received A/c     1,000
Rent A/c   9,000  
Input CGST A/c   6,600  
Input SGST A/c   6,600  
Output CGST A/c     2,880
Output SGST A/c     2,880
Output IGST A/c     3,000
    4,39,880 4,39,880

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T.S. Grewals Double Entry Book Keeping - Question No 10 Chapter No 9 - T.S. Grewal 11 Class

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