Question No 2 Chapter No 13
Without Goods and Services Tax (GST)
2. Journalese the following transactions, post them into the ledger and prepare a Trial Balance :
Date | Particulars |
(Rs ) | Date | Particulars |
(Rs ) |
Apr.1 | Mohan commenced business with cash | 1,00,000 | Apr.20 | Received cash from Gopal Discount allowed |
3,950 50 |
Apr.3 | Bought goods | 5,000 | Apr.25 | Paid wages | 700 |
Apr.4 | Sold goods from Gopal | 4,000 | Apr.27 | Paid to ram in the full statement | 7,700 |
Apr.10 | Bought goods from Ram | 8,000 | Apr.30 | Paid rent | 2,00,000 |
Apr.15 | Paid trade expenses | 2,000 |
The solution of Question No 2 Chapter No 13: –
In the Books of Mohan | |||||
Date | Particulars |
L.F. | Debit | Credit | |
Apr. 1 | Cash A/c | Dr | 1,00,000 | ||
To Capital A/c | 1,00,000 | ||||
(Being started business with cash) | |||||
Apr. 3 | Purchase A/c | Dr | 5,000 | ||
To Cash A/c | 5,000 | ||||
(Being goods purchase on credit from Gupta ) | |||||
Apr. 4 | Cash A/c | Dr | 4,000 | ||
To Gupta A/c | 4,000 | ||||
(Being goods sold for cash) | |||||
Apr. 10 | Purchase A/c | Dr | 8,000 | ||
To Ram A/c | 8,000 | ||||
(Being goods purchased from ram ) | |||||
Apr. 15 | Trade expenses A/c | Dr | 2,000 | ||
To Cash A/c | 2,000 | ||||
(Being trade expenses paid ) | |||||
Apr. 20 | Cash A/c | Dr | 3,950 | ||
Discount allowed A/c | Dr | 50 | |||
To Gopal A/c | 4,000 | ||||
(Being cash received from Gopal ) | |||||
Apr. 25 | Wages A/c | Dr | 700 | ||
To Cash A/c | 700 | ||||
(Being wages paid ) | |||||
Apr. 27 | Ram A/c | Dr | 8,000 | ||
To Cash A/c | 300 | ||||
To Discount received A/c | 7,700 | ||||
(Being cash paid to ram ) | |||||
Apr. 30 | Wages A/c | Dr | 1,500 | ||
To Cash A/c | 1,500 | ||||
(Being wages paid in cash ) |
Dr. | Purchases Account | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 3 | To cash A/c | 5,000 | |||||
Apr. 10 | To Ram A/c | 8,000 | |||||
Apr. 30 | By Balance C/d | 13,000 | |||||
13,000 | 13,000 |
Dr. | Capital A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 1 | By Cash A/c | 1,00,000 | |||||
Apr. 30 | To Balance C/d | 1,00,000 | |||||
1,00,000 | 1,00,000 |
Dr. | Sale Account | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 4 | By Gopal A/c | 4,000 | |||||
Apr. 30 | To Balance C/d | 4,000 | |||||
4,000 | 4,000 |
Dr. | Trade Expenses A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 15 | To cash A/c | 2,000 | |||||
Apr. 30 | By Balance C/d | 2,000 | |||||
2,000 | 2,000 |
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Dr. | Gopal A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 3 | To sale A/c | 4,000 | Apr. 20 | By cash A/c | 3,950 | ||
Apr. 20 | By discount received A/c | 50 | |||||
4,000 | 4,000 |
Dr. | Wages | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 25 | To cash A/c | 700 | |||||
Apr. 30 | By Balance C/d | 700 | |||||
700 | 700 |
Dr. | Ram A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 24 | To cash A/c | 7,700 | Apr. 10 | By purchases A/c | 8,000 | ||
Apr. 24 | To discount received A/c | 300 | |||||
8,000 | 8,000 |
Dr. | Rent | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 30 | To cash A/c | 1,500 | |||||
Apr. 30 | By Balance C/d | 1,500 | |||||
1,500 | 1,500 |
Dr. | Cash A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 1 | To Capital A/c | 1,00,000 | Apr. 3 | By Purchases A/c | 5,000 | ||
Apr. 20 | To Gopal A/c | 3,950 | Apr. 15 | By Trade expenses A/c | 2,000 | ||
Apr. 25 | By Wages A/c | 700 | |||||
Apr. 27 | By Ram A/c | 7,700 | |||||
Apr. 30 | By Rent A/c | 1,500 | |||||
Apr. 30 | By Balance C/d | 87,050 | |||||
1,03,950 | 1,03,950 |
Dr. | Discount allowed A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 20 | To Gopal A/c | 50 | |||||
Apr. 31 | By Balance C/d | 50 | |||||
50 | 50 |
Dr. | Discount received A/c | Cr. | |||||
Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
2018 | 2018 | ||||||
Apr. 27 | By Ram A/c | 300 | |||||
Apr. 30 | To Balance C/d | 300 | |||||
300 | 300 |
Trail Balance A/c | |||
Particulars |
J.F. | Debit | Credit |
Capital | 1,00,000 | ||
purchases | 13,000 | ||
Sale | 4,000 | ||
Trade expenses | 2,000 | ||
wages | 700 | ||
Rent | 1,500 | ||
Cash | 87,050 | ||
Discount allowed | 50 | ||
Discount received | 300 | ||
1,04,300 | 1,04,300 |
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Also, Check out the solved question of previous Chapters: –
- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
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