Question No 19 Chapter No 11 – T.S. Grewal 11 Class

Posted by By Shubham Sharma 9 Min Read July 2, 2020
Question No.19 - Chapter No.11 - T.S. Grewal +1 Book 2019-Solution-min-min

Question No 19 Chapter No 11

19. Record the following transaction of Prabhat Electric Co., Delhi in the proper subsidiary books :

 

2018  
Jan.1 Sold on CREDIT TO Grover & Co., Kanpur:
  10 Crompton Water Coolers @ Rs 6,000 each
  5 Pedestal Fans @ Rs 2,000 each
  Trade Discount 10%, Charged IGST @ 12%
Jan.5 Purchased on credit from Ram & Bros., Delhi:
  25 Videocon Washing Machines @ Rs 7,000 each
  10 Wall Fans @ Rs 1,500 each
  Trade Discount 25% plus CGST and SGST @ 6% each
Jan.10 Purchased for Cash from Raja & Co., Delhi:
  10 Electric Kettles @ Rs 750
  Plus: CGST and SGST @ 6% each
Jan.15 Sold to Mahesh Bros., Chandigarh:
  5 Crompton Water Coolers @ Rs 7,000 each 
  2 Pedestal Fans @ Rs 2,500 each 
  Charged IGST @12%
Jan.18 Return to Ram & Bros.:
  2 Videocon Washing Machines being defective
Jan.20 Purchased from Sethi & Co., Delhi
  20 Toasters @ Rs 800
  They charged CGST and SGST @ 6% each
Jan.27 Mahesh Bros. returned one Crompton Water Cooler, it being defective

The solution of Question No 19 Chapter No 11: – 

In the Books of Prabhat Electric Co., Delhi

  Purchases Book 
Date Particular Detail Cost
 Input CGST Input SGST  Input
ISGT 		 Total
2018
Jan.		              
5 Ram & Bros., Delhi:            
  25 Videocon Washing Machines @ Rs 7,000 1,75,000          
  10 Wall Fans @ Rs 1,500 each 15,000          
    1,90,000          
  Less: Trade Discount 25% 47,500          
    1,42,500          
  Add: CGST 6% 8,550          
  Add: SGST 6% 8,550          
    1,59,600 1,42,500 8,550 8,550   1,59,600
20 Sethi & co., Delhi:            
  20 Toasters @ Rs 800 16,000          
    16,000          
  Add: CGST 6% 960          
  Add: SGST 6% 960          
    17,920 16,000 960 960   17,920
      1,58,500 9,510 9,510   1,27,960

 

  Sale Book 
Date Particular Detail Cost
 Output CGST Output SGST  Output
ISGT 		 Total
2018
Jan.		              
5 Grover & Co., Kanpur:            
  10 Crompton Water Coolers @ Rs 6,000 60,000          
  5 Pedestal Fans @ Rs 2,000 each 10,000          
    70,000          
  Less: Trade Discount 10% 7,000          
    63,000          
  Add: IGST 12% 7,560          
    70,560 63,000     7,560 70,560
15 Mahesh Bros., Chandigarh:            


5 Crompton Water Coolers @ Rs 7,000 35,000          
  2 Pedestal Fans @ Rs 2,500 each 5,000          
    40,000          
  Add: IGST 12% 4,800          
    44,800 40,000     4,800 44,800
      1,03,000     12,360 1,15,360

 

  Purchases Return Book 
Date Particular Detail Cost
 Output CGST Output SGST  Output
ISGT 		 Total
2018
Jan.		              
18 Ram & Bros., Delhi:            
  2 Videocon Washing Machines@ Rs 7,000 14,000          
    14,000          
  Less: Trade Discount 25% 3,500          
    10,500          
  Add: CGST 6% 630          
  Add: SGST 6% 630          
    11,760 10,500 630 630   11,760
      10,500 630 630   11,760

 

  Sale Return Book 
Date Particular Detail Cost
 Output CGST Output SGST  Output
ISGT 		 Total
2018
Jan.		              
27 Mahesh Bros ., Chandigarh            
  1 Crompton Water Coolers @ Rs 7,000 7,000          
    7,000          
  Add: IGST 12% 840          
    7,840 7,000     840 7,840
      7,000     840 7,840

 

 

 

 

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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. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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