Question No 13 Chapter No 9 – D.K Goal 11 Class

Question No 13 Chapter No 9

Question No 13 Chapter No 9

13. Enter the following transactions in subsidiary books, post them into Ledger, and prepare a Trial Balance:
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand 27,500; Bank Balance 40,000; Debtors : Ashok 18,000, Bahadur 25,000, Charu 30,000; Stock 1,60,000 and Furniture 40,000.
Liabilities : Creditors: Dinesh 20,000 and Ekta 15,000.

2018  
Apr.1 Cash Sales 18,000.
Apr.2 Deposited into Bank 20,000.
Apr.3 Purchased from Dinesh :
  300 metres Cotton @ 60 per metre
  200 metres Silk @ 100 per metre
Apr.5 Cheque issued to Dinesh for 25,000
Apr.6 Accepted a bill at one month for 15,000 drawn by Dinesh
Apr.8 Sold to Ashok :
  400 metres Cotton @ 80 per metre
  250 metres Silk @ 140 per metre
Apr.10 Returned by Ashok 50 metres Silk
Apr.12 Received Cash 8,000 and a Cheque for 40,000 from Ashok. The cheque was immediately sent to Bank. 
Apr.13 Received a B/R from Bahadur for 20,000 in one month.
Apr.15 Accepted a bill at two months drawn by Ekta for the amount due to her
Apr.16 Purchased a Computer for office use from Shiva Ltd. for 45,000 on Credit.
Apr.18 Cash purchases 10,000.
Apr.19 Received full payment from Charu by cheque, sent it to Bank. Discount allowed 2%.
Apr.20 Issued a cheque to Dinesh in full payment of his account after deducting a 1% discount.
Apr.22 Settled the account of Shiva Ltd. by a cheque. 
Apr.24 Proprietor took away goods worth 5,000 and Cash 6,000.
Apr.25 Purchased from Ganesh 200 metres Cotton @ 70 per metre subject to a trade discount of 5%.
Apr.27 Paid Rent 3,000 and Salaries 8,000.
Apr.30 Interest allowed by bank 600

The solution of Question No 13 Chapter No 9: –

Dr. Cash Book Cr.
Date Particulars
L.
F.
Discount
Allowed
Cash Bank Date Particulars
L.
F.
Discount Received Cash Bank
2020           2020          
Apr.1 To Balance c/d   27,500 40,000 Apr.2 By Bank A/c   20,000
Apr.1 To Sales A/c   18,000 Apr.5 By Dinesh’s A/c   25,000
Apr.02 To Cash A/c   20,000 Apr.18 By Purchases A/c   10,000
Apr.12 To Ashok’s A/c   8,000 40,000 Apr.20 By Dinesh’s A/c   180 17,820
Apr.19 To Charu’s A/c   600 29,400 Apr.22 By Shiva A/c     45,000
Apr.30 To Interest A/c   600 Apr.24 By Drawings A/c   6,000 10,000
            Apr.27 By Rent A/c   3,000
            Apr.27 By Salaries A/c   8,000
                       
May.31 To Balance c/d   600 May.31 By Balance C/d   180
6,500 42,180
      600 53,500 1,30,000       180 53,500 1,30,000
Purchases Book 
Date Particular Detail Total
2018
Apr.
     
5 Dinesh    
  300 metres Cotton @Rs 60 per metre 18,000  
  200 metres Silk @Rs 100 per metre 20,000  
    1,980 1,980
25 Ganesh    
  200 metres Cotton @Rs 70 per metre 14,000  
  Less: 5% Trade Discount 700  
    13,300 13,300
      1,00,800
Sale Book 
Date Particular Detail Total
2018
Apr.
     
10 Ashok    
  400 metres Cotton @Rs 80 per metre 32,000  
  250 metres Silk @Rs 140 per metre 35,000  
    67,000 67,000
      67,000
Sale Return Book 
Date Particular Detail Total
2018
Apr.
     
10 Ashok    
  50 metres Silk @Rs 140 per metre 7,000  
    7,000 7,000
      7,000
In the Books of Radhika Traders
Date Particulars
L.F. Debit Credit
2019          
Apr.1 Cash in hand A/c Dr.   27,500  
  Bank A/c Dr.   40,000  
  Stock A/c Dr.   1,60,000  
  Ashok’s A/c Dr.   18,000  
  Bahadur’s A/c Dr.   25,000  
  Charu’s A/c Dr.   30,000  
  Furniture A/c Dr.   40,000  
  To Dinesh’s A/c       20,000
  To Ekta’s A/c       15,000
  To Capital A/c (Balancing figure)       3,05,500
  (Being Opening entry made)      
           
Apr.6 Dinesh’s A/c Dr.   15,000  
  To Bills Payable A/c     15,000
  (Being Acceptance given for bill drawn by Dinesh)      
         
Apr.13 Bills Receivable A/c Dr.   8,150  
  To Bahadur’s A/c       8,000
  (Being Bills receivable received from one of our debtor, Bahadur)        
           
Apr.15 Ekta’s A/c Dr.   15,000  
  To Bills Receivable A/c       15,000
  (Being Acceptance given for bill drawn by Ekta)        
           
Apr.16 Computer A/c Dr.   45,000  
  To Shiva Ltd.       45,000
  (Being Computer purchased on credit)        
           
Apr.19 Discount Allowed A/c Dr.   600  
  To Charu A/c       600
  (Being Acceptance given for bill drawn by Ekta)        
           
Apr.20 Dinesh A/c Dr.   180  
  To Discount Received A/c       180
  (Being discount )        
           
Apr.24 Drawings A/c Dr.   5,000  
  To Purchases A/c       5,000
  (Being Goods with drawn by proprietor)        
         
Dr. Sales A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.1 By Cash A/c   18,000
        Apr.30 By Sundries as per Sales Book A/c   67,00
Apr. 30 To Balance c/d   85,000        
      85,000       85,000
Dr. Ashok’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.1 By Balance c/d   18,000 Apr.6 By Cash A/c   8,000
Apr.8 By Sales A/c   67,000 Apr.6 By Bank A/c   40,000
        Apr.10 By Sales Return A/c   7,000
        Apr. 30 By Balance c/d   30,000
      85,000       85,000
Dr. Charu’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.19 To Bank A/c   29,400
Apr. 30 To Sales A/c   30,000 Apr.19 To Discount Allowed A/c   600
      30,000       30,000
Dr. Interest A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.30 To Bank A/c   600
Apr. 30 To Sales A/c   600        
      600       600
Dr. Shiva Ltd. A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.22 To Bank A/c   45,000 Apr.16 To Computer A/c   45,000
      45,000       45,000
Dr. Dinesh’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.05 To Bank A/c   25,000 Apr. 01 By Balance c/d   20,000
Apr.06 To Bills Payable A/c   15,000 Apr. 03 By Purchases A/c   38,000
Apr.20 To Bank A/c   17,820        
Apr.20 To Discount Received A/c   180        
      58,000       58,000
Dr. Purchases A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.18 To Cash A/c   10,000 Apr.24 By Bank A/c   10,000
Apr.30 To Sundries asper
Purchases
Book A/c
  51,300        
        Apr.30 To Balance c/d   56,300
      61,300       61,300
Dr. Rent A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.27 To Cash A/c   3,000        
               
        Apr. 30 By Balance c/d   3,000
      3,000       3,000
Dr. Ganesh’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.25 By Purchases A/c   13,300
Apr.30 To Balance c/d   13,300        
      13,300       13,300
Dr. Bahadur’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.1 To Balance b/d   25,000 Apr.13 By Bills Receivable A/c   22,000
        Apr.30 By Balance c/d   5,000
      25,000       25,000
Dr. Furniture A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.01 To Balance b/d   40,000        
        Apr. 30 By Balance c/d   40,000
      40,000       40,000
Dr. Ekta’s A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.15 To Bills Payable A/c   15,000        
        Apr. 30 By Balance c/d   15,000
      15,000       15,000
Dr. Bills Payable A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.06 To Dinesh’s A/c   15,000
        Apr.15 To Ekta’s A/c   15,000
Apr.30 To Balance c/d   30,000        
      30,000       30,000
Dr. Computer A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.01 To Shiva A/c   45,000        
        Apr. 30 By Balance c/d   45,000
      45,000       45,000
Dr. Discount Allowed A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.19 To Charu’s A/c   600        
        Apr. 30 By Balance c/d   600
      600       600
Dr. Bills Receivable A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.13 To Bhadur’s A/c   20,000        
        Apr. 30 By Balance c/d   20,000
      20,000       20,000
Dr. Salaries A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.27 To Cash A/c   8,000        
        Apr. 30 By Balance c/d   8,000
      8,000       8,000
Dr. Sales Return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.30 To Sundries as
per Sales
Return Book A/c
  7,000        
        Apr. 30 By Balance c/d   7,000
      7,000       7,000
Dr. Stock A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.1 To Balance b/d   1,60,000        
        Apr. 30 By Balance c/d   1,60,000
      1,60,000       1,60,000
Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 30 By Balance b/d   3,05,500
Apr.30 To Balance c/d   3,05,000        
      3,05,500       3,05,500
Dr. Discount Received A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 20 To Dinesh’s A/c   180
Apr.30 To Balance c/d   180        
      180       180
Trail Balance A/c
Particulars
J.F. Debit Credit
Cash A/c   6,500  
Stock A/c   42,180  
Sales A/c     85,000
Ashok’s A/c   30,000  
Interest A/c     600
Purchases A/c   56,300  
Drawings A/c   11,000  
Rent A/c   3,000  
Salaries A/c   8,000  
Ganesh’s A/c     13,300
Sales Return A/c   7,000  
Bahadur’s A/c   5,000  
Stock A/c   1,60,000  
Furniture A/c   40,000  
Bills Receivable A/c   20,000  
Bills Payable A/c     30,000
Computer A/c   45,000  
Capital A/c     3,05,500
Discount Allowed   600  
Discount Received A/c     180
    4,34,580 4,34,580

What is Ledger in accounting – explain its Types

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