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

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)

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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

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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

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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

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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

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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