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Question No 2 Chapter No 13 – T.S. Grewal 11 Class

Question No 2 Chapter No 13
Question No.2 - Chapter No.13- T.S. Grewal +1 Book 2019-Solution-min-min

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Question No 2 Chapter No 13

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Without Goods and Services Tax (GST)

2. Journalese the following transactions, post them into the ledger and prepare a Trial Balance :

   
DateParticulars
 (Rs )DateParticulars
(Rs )
Apr.1Mohan commenced business with cash1,00,000Apr.20Received cash from Gopal
Discount allowed
3,950
50
Apr.3Bought goods5,000Apr.25Paid wages700
Apr.4Sold goods from Gopal4,000Apr.27Paid to ram in the full statement7,700
Apr.10Bought goods from Ram8,000Apr.30Paid rent2,00,000
Apr.15Paid trade expenses2,000   

The solution of Question No 2 Chapter No 13: –  

In the Books of Mohan
Date Particulars
L.F.DebitCredit
Apr. 1Cash A/cDr 1,00,000 
 To Capital A/c   1,00,000
 (Being started business with cash)    
Apr. 3Purchase A/cDr 5,000 
 To Cash A/c   5,000
 (Being goods purchase on credit from Gupta )    
Apr. 4Cash A/cDr 4,000 
 To Gupta A/c   4,000
 (Being goods sold for cash)    
Apr. 10Purchase A/cDr 8,000 
 To Ram A/c   8,000
 (Being goods purchased from ram )    
Apr. 15Trade expenses A/cDr 2,000 
 To Cash A/c   2,000
 (Being trade expenses paid )    
Apr. 20Cash A/cDr 3,950 
 Discount allowed A/cDr 50 
 To Gopal A/c   4,000
 (Being cash received from Gopal )    
Apr. 25Wages A/cDr 700 
 To Cash A/c   700
 (Being wages paid )    
Apr. 27Ram A/cDr 8,000 
 To Cash A/c   300
 To Discount received A/c   7,700
 (Being cash paid to ram )    
Apr. 30Wages A/cDr 1,500 
 To Cash A/c   1,500
 (Being wages paid in cash )    

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Dr.Purchases AccountCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To cash A/c 5,000    
Apr. 10To Ram A/c 8,000    
    Apr. 30By Balance C/d 13,000
   13,000   13,000

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Cash A/c 1,00,000
        
Apr. 30To Balance C/d 1,00,000    
   1,00,000   1,00,000

 

 

Dr.Sale AccountCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 4By Gopal A/c 4,000
        
Apr. 30To Balance C/d 4,000    
   4,000   4,000

 

Dr.Trade Expenses A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 15To cash A/c 2,000    
        
    Apr. 30By Balance C/d 2,000
   2,000   2,000

 

Dr.Gopal A/c Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To sale A/c 4,000Apr. 20By cash A/c 3,950
    Apr. 20By discount received A/c 50
        
   4,000   4,000

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Dr.Wages Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 25To cash A/c 700    
        
    Apr. 30By Balance C/d 700
   700   700

 

Dr.Ram A/c Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 24To cash A/c 7,700Apr. 10By purchases A/c 8,000
Apr. 24To discount received A/c 300    
        
   8,000   8,000

 

Dr.RentCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 30To cash A/c 1,500    
        
    Apr. 30By Balance C/d 1,500
   1,500   1,500

 

Dr.Cash A/c Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Capital A/c 1,00,000Apr. 3By Purchases A/c 5,000
Apr. 20To Gopal A/c 3,950Apr. 15By Trade expenses A/c 2,000
    Apr. 25By Wages A/c 700
    Apr. 27By Ram A/c 7,700
    Apr. 30By Rent A/c 1,500
    Apr. 30By Balance C/d 87,050
   1,03,950   1,03,950

 

Dr.Discount allowed A/c Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 20To Gopal A/c 50    
        
    Apr. 31By Balance C/d 50
   50   50

 

Dr.Discount received A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 27By Ram A/c 300
        
Apr. 30To Balance C/d 300    
   300   300

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Trail Balance A/c 
Particulars
J.F.DebitCredit
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
  1,04,3001,04,300

 

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

Trial Balance | Explanation | Methods | Examples

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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

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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