Question No 13 Chapter No 8 – T.S. Grewal 11 Class

Question No. 13 - Chapter No.8 - T.S. Grewal +1 Book 2019

Question No 13 Chapter No 8

Journalise the following transactions of Satish, Noida(UP):

2017   Rs
Jan 01 Started business with cash  80,000
Jan 01 Cash Paid into bank 50,000
Jan 01 Brought stationery of Rs 300 plus CGST and SGST @6% each for cash  
Jan 02 Brought goods of Rs 21,000 plus CGST and SGST @6% each for cash  
Jan 05 Sold goods of Rs 7,500 plus CGST and SGST @6% each for cash  
Jan 06 Brought office furniture of Rs 5,000 plus CGST and SGST @6% each from Banerjee bros.  
Jan 11 Sold goods of Rs 10,000 plus CGST and SGST @6% each to Mahendra  
Jan 12 Received cheque form Mahendra for the amount due  
Jan 16 Sold goods of Rs 5,000 plus CGST and SGST @6% each to Ramesh & Co.   
Jan 20 Brought goods of Rs 20,000 plus IGST @12% from S. Seth & Bros. Delhi  
Jan 23 Brought goods of Rs 20,000 plus IGST @12% from S. Narain & Co., Ludhiana (Punjab)  
Jan 26 Ramesh & Co. paid on account 2,500
Jan 28 Paid to S. Seth & Bros. by cheque in full settlement  22,000
Jan 31 Rent is due to S. Sharma but not yet paid  1,000

Solution of Question No 13 Chapter No 8:

In the Books of R Singh & Co., Kanpur(UP)
Date   Particulars
L.F. Debit Credit
Jan 1 Cash A/c Dr.   80,000  
             To Capital A/c     80,000
  (Being commenced business with cash.)      
           
Jan 1 Bank A/c Dr.   50,000  
             To Cash A/c     50,000
  (Being opened a current account)      
           
Jan 1 Stationery A/c Dr.   300  
  CGST Input A/c Dr.   18  
  SGST Input A/c Dr.   18  
            To Cash A/c     336
  (Being stationery purchased for cash.)      
           
Jan 2 Purchase A/c Dr.   21,000  
  CGST Input A/c Dr.   1,260  
  SGST Input A/c Dr.   1,260  
            To Cash A/c     23,520
  (Being Goods purchased for cash.)      
           
Jan 5 Cash A/c Dr.   8,400  
            To Sales A/c       7,500
            To CGST Output A/c       450
            To SGST Output A/c       450
  (Being goods sold for cash)      
           
Jan 6 Office Furniture A/c Dr.   5,000  
  CGST Input A/c Dr.   300  
  SGST Input A/c Dr.   300  
            To Banerjee Bros A/c       5,600
  (Being Office furniture purchased from Banerjee Bros)      
Jan 11 Mahendra A/c Dr.   11,200  
            To Sales A/c       10,000
            To CGST Output A/c       600
            To SGST Output A/c       600
  (Being goods sold to Mahendra)      
           
Jan 12 Bank A/c Dr.   11,200  
            To Mahendra A/c       11,200
  (Being payment received from Mahendra by cheque)      
           
Jan 16 M/s Ramesh & Co. A/c Dr.   5,600  
            To Sales A/c     5,000
            To CGST Output A/c     600
            To SGST Output A/c     600
  (Being goods sold to M/s Ramesh & Co.)      
           
Jan 20 Purchase A/c Dr.   20,000  
  IGST Input A/c Dr.   2,400  
            To S. Seth & Bros., Delhi A/c     22,400
  (Being Goods purchased from S. Seth & Bros., Delhi .)      
           
Jan 23 Purchase A/c Dr.   2,250  
  IGST Input A/c Dr.   270  
            To S. Narain & Co., Ludhiana A/c     2,520
  (Being Goods purchased from S. Narain & Co., Ludhiana.)      
           
Jan 26 Cash A/c Dr.   2,500  
            To M/s Sharda & Co. A/c       2,500
  (Being payment received from M/s Ramesh & Co.)      
           
Jan 28 M/s S. Seth & Bros. A/c Dr.   22,400  
            To Cash  A/c       22,000
            To Discount Received A/c       400
  (Being payment made to M/s S. Seth & Bros. and receive discount)      
           
Jan 31 Rent A/c Dr.   1,000  
            To Outstanding Rent A/c       1,000
  (Being Rent Due to S. Sharma but not 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.

Transaction No. 1

Transaction No. 1 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 1 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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

Transaction No. 2 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 2 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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 giving by business  Cash goes out Credit 
Bank  Personal   Personal Account   Receiving cash from business Bank is Receiver Debit

Transaction No. 3

Transaction No. 3 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 3 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
Stationery Expenses Nominal Account Stationery items purchased  All Expenses and losses 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

Transaction No. 4 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 4 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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. 5

Transaction No. 5 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 5 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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. 6

Transaction No. 6 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 6 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
Office Furniture   Assets   Real Account   Office furniture purchased Furniture 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 
 Banerjee bros. A/c  A/ Person Personal Account   Furniture given by them Bank Giver Credit

Transaction No. 7

Transaction No. 7 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 7 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
Mahendra  Person   Personal Account  Goods received He 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. 8

Transaction No. 8 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 8 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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
Mahendra Person Personal Account making  payment He is giver Credit

Transaction No. 9

Transaction No. 9 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 9 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
Ramesh & Co.  A/Person   Personal Account  Goods received They are 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. 10

Transaction No. 10 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 10 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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 
M/s S. Seth & Bros.  A/Person   Personal Account  Goods given They are Giver Credit

Transaction No. 11

Transaction No. 11 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 11 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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 
M/s S. Narain & Co.,  A/Person   Personal Account  Goods given They are Giver Credit

Transaction No. 12

Transaction No. 12 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 12 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
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
Ramesh & Co. A/Person  Personal Account making  payment He is giver Credit

Transaction No. 13

Transaction No. 13 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 13 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
 M/s S. Seth & Bros. A/Person Personal Account Receiving  payment They are 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. 14

Transaction No. 14 Question No.13 Chapter No.8 T.S. Grewal 1 Book 2019 - Question No 13 Chapter No 8 - T.S. Grewal 11 Class
Transaction No. 14 Question No.13 – Chapter No.8 – T.S. Grewal +1 Book 2019
Name of Account Type of Account Rule which will Applicable What happen in the transaction Rule applied According to Rule It will be
Rent A/c  Expneses Nominal Account Expenses incurred   All Expenses and Losses  Debit
Outstanding Rent A/c  Representative Person Personal Account Actually landlord is giving his cash to business.  Giver Credit

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