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

Question No 2 Chapter No 13

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. 31 By Balance C/d   13,000
      13,000       13,000

 

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

 

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

 

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. Grewals Double Entry Book Keeping - Question No 2 Chapter No 13 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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