Question No 18 Chapter No 11 – T.S. Grewal 11 Class

Question No.18 Chapter No.11 T.S. Grewal 1 Book 2019 Solution min min 1024x576 - Question No 18 Chapter No 11 - T.S. Grewal 11 Class

Question No 18 Chapter No 11

18. Write up Purchases and Sale Books from the following transaction of Kalyan Silks, Kochi, Kerala given for April 2018 and post the total in the Ledger :

2018  
Apr.1 Purchased from Ram Prasad, Chennai:
  100 metres Silk @ Rs 400 per metre
  75 meters Vellvet @ Rs 150 per meter
  Plus: IGST@ 12% 
Apr.10 Sold to Rati Ram, Ahmedabad:
  60 metres Silk @ Rs 500 per metre
   10 meters  Velvet @ RS 200 per metre 
  Charged: IGST@12%
Apr.12 Sold o Ramaswami, Kochi
  10 metres Silk @ Rs 550 per metre
  10 metres Velvet @ Rs 200 per metre
  Charged: CGST and SGST @6% each 
Apr.18 Roop Narain& sons, Kochi purchased from us:
  10 meters Silk @ Rs 550 per metre
  5 metres Valvet @ Rs 200 per meter
  Allowed Trad Discount 10%, Charged CGST and SGST @6% each
Apr.22 Purchased from Man Mohan Lal, Varanasi:
  Shirting Cloth Rs 10,000
  Sarees Rs 60,000
  Received Trade Discount 10%, Charged CGST and SGST @ 6% each
Apr.23 Sold to Brij Mohan & Bros., Mathura:
  Shirting Cloth Rs 7,000
  Sarees Rs 25,000
  Charged IGST @12%

The solution of Question No 18 Chapter No 11: – 

In the Books of Kalyan Silks, Kochi, Kerala

  Purchases Book 
Date Particular Detail Cost
Input CGST Input SGST  Input
ISGT
 
Total
2018
Apr.
             
1 Ram Prasad, Chennai:            
  100 metres Silk @ Rs 400 per metre 40,000          
  75 metres Velvet @ Rs 150 per metre 11,250          
    51,250          
  Add: IGST 12% 6,150          
    57,400 51,250     6,150 57,400
2 Man Mohan Lal, Varanasi:            
  Shirting cloth Rs 10,000 10,000          
  Sarees Rs 60,000 60,000          
    70,000          
  Less: trade Discount 10% 7,000          
    63,000          
  Add: IGST 12% 7,560          
    70,560 63,000     7,560 70,560
      1,14,250     13,710 1,27,960

 

  Sale Book 
Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Apr.
             
10 Rati Ram, Ahmedabad :            
  60 metres Silk @ Rs 500 per metre 30,000          
  10 metres Velvet @ Rs 200 per metre 2,000          
    32,000          
  Add: IGST 12% 3,840          
    35,840 32,000     3,840 35,840
12 Ramaswami, Kochi::            


10 metres Silk @ Rs 550 per Metres 5,500          
  10 Metres Velvet @ Rs 200 per metres 2,000          
    7,500          
  Add: CGST 6% 450          
  Add: SGST 6% 450          
    8,400 7,500 450 450   8,400
18 Roop Narain & Sons, Kochi :            
  10 metres Silk @ Rs 550 per metre 5,500          
  5 metres Valvet @ Rs 200 per metre 1,000          
    6,500          
  Less: Trade Discount 10% 650          
    5,850          
  Add: CGST 6% 351          
  Add: SGST 6% 351          
    6,552 5,850 351 351   6,552
23 Brij Mohan  Bros., Mathura            
  Shirting Cloth Rs 7,000 7,000          
  Sarees Rs 25,000 25,000          
    32,000          
  Add: IGST@12% 3,840          
    35,840 32,000     3,840 35,840
      77,350 801 801 7,680 86,632

 

Dr. Purchase A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.1 To Ram Prasad, Chennai A/c   51,250        
Apr.9 To Man Mohan Lal, Varanasi A/c   63,000        
        Apr.30 To Balance C/d   1,14,250
      1,14,250       1,14,250

 

Dr. Sale A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.10 By Rati Ram, Ahmedabad A/c  

32,000

        Apr.12 By Ramaswami, Kochi A/c   7,500
        Apr.18 By Roop Narain & Sons, Kochi A/c   5,850
        Apr.22 By Brij Mohan & Bros, Mathura A/c   32,000
Apr.30 To Balance C/d   77,350        
      77,350       77,350

 

Dr. Ram Prasad, Chennai A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.1 By Purchase A/c   51,250
        Apr.1 By Input IGST A/c   6,150
Apr.30 To Balance C/d   57,400        
      57,400       57,400

 

Dr. Man Mohan Lal, Varanasi A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.22 By Purchase/c   63,000
        Apr.22 By Input IGST A/c   7,560
Apr.30 To Balance C/d   70,560        
      70,560       70,560

 

Dr. Rati Ram, Ahmedabad A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.10 To Sale A/c   32,000        
Apr.10 To Output IGST A/c   3,840        
        Apr.30 To Balance C/d   35,840
      35,840       35,840

 

Dr. Ramaswami, Kochi A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.12 To Sale A/c   7,500        
Apr.12 To Output CGST A/c   450        
Apr.12 To Output SGST A/c   450        
        Apr.30 To Balance C/d   8,400
      8,400       8,400

 

Dr. Roop Narain & Sons, Kochi A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.18 To Sale A/c   5,850        
Apr.18 To Output CGST A/c   351        
Apr.18 To Output SGST A/c   351        
        Apr.30 To Balance C/d   6,552
      6,552       6,552

 

Dr. Brij Mohan & Bros, Mathura A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.22 To Sale A/c   32,000        
Apr.22 To Output IGST A/c   3,840        
        Apr.30 To Balance C/d   35,840
      35,840       35,840

 

To understand more about cash book please check out following links: –

Sales Return Book | Subsidiary Books | Examples

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Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 18 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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