Question No 2 Chapter No 9 - T.S. Grewal 11 Class

Question No 2 Chapter No 9

Suresh, Kanpur commenced business on 1st January, 2018 Introducing capital in cash Rs. 1,00,000. His other transactions during the month were as follows:

2018		Rs.
Jan. 1	Started Business with cash	1,00,000
Jan. 2	Bought goods for cash	20,000
Jan. 3	Sold goods for cash	7,000
Jan. 15	Sold goods to Shravan, Delhi	6,000
Jan. 18	Bought goods on credit from Anurag, Kanpur	50,000
Jan. 19	Goods returned to Anurag	5,000
Jan. 20	Sold goods for cash	30,000
Jan. 22	Paid electricity bill	1,000
Jan. 28	Paid for telephone bill	500
Jan. 29	Paid rent	800
Jan. 31	Paid wages	3,000

Solution of Question No 2 Chapter No 9: –

In the Books of Suresh, Kanpur

Date	Particulars		L.F.	Debit	Credit
2018
Jan. 1	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Being Commenced business with cash.)

Jan. 2	Purchase A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being goods purchase for cash)

Jan. 3	Cash A/c	Dr.		7,000
	To Sales A/c				7,000
	(Being goods sold for cash)

Jan. 15	Shravan, Delhi A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being goods sold to the Shravan, Delhi )

Jan. 18	Purchase A/c	Dr.		50,000
	To Anurag, Kanpur A/c				50,000
	(Being goods purchased from Anurag.)

Jan. 19	Anurag A/c	Dr.		5,000
	To Purchase Return A/c				5,000
	(Being Goods returned by Anurag)

Jan. 20	Cash A/c	Dr.		30,000
	To Sales A/c				30,000
	(Being goods sold for cash)

Jan. 22	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being Electricity Charges paid)

Jan. 28	Telephone Charges A/c	Dr.		500
	To Cash A/c				500
	(Being Telephone Charges paid)

Jan. 29	Rent A/c	Dr.		800
	To Cash A/c				800
	(Being Rent paid)

Jan. 31	Wages A/c	Dr.		3,000
	To Cash A/c				3,000
	(Being Wages paid)

To clear the meaning of Ledger and Ledger balancing Click below:

What is Ledger in accounting – explain its Types

Ledger balancing or Closing of ledger account | Ledger

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 1	To Capital A/c		1,00,000	Jan. 2	By Purchase A/c		20,000
Jan. 3	To Sales A/c		7,000	Jan. 22	By Electricity Charges A/c		1,000
Jan. 20	To Sales A/c		30,000	Jan. 28	By Telephone Charges A/c		500
				Jan. 29	By Rent A/c		800
				Jan. 31	By WagesA/c		3,000

				Jan. 31	By Balance C/d		1,11,700

			1,37,000				1,37,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Jan. 1	By Cash A/c		1,00,000
Jan. 31	By Balance C/d		1,00,000

			1,00,000				1,00,000

Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 2	To Cash A/c		20,000
Jan. 18	To Anurag, Kanpur A/c		50,000
				Jan. 31	By Balance C/d		70,000

			70,000				70,000

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Jan. 3	By Cash A/c		7,000
				Jan. 15	By Shravan, Delhi A/c		6,000
				Jan. 22	By Cash A/c		30,000
Jan. 31	By Balance C/d		43,000

			43,000				43,000

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Dr.	Shravan, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 15	To Sales A/c		6,000
				Jan. 31	By Balance C/d		6,000

			6,000				6,000

Dr.	Anurag, Kanpur A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 19	To Purchase Return A/c		5,000	Jan. 18	By Purchase A/c		50,000
Jan. 31	By Balance C/d		45,000

			50,000				50,000

Dr.	Purchase Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Jan. 19	By Anurag, Kanpur A/c		5,000
Jan. 31	By Balance C/d		5,000

			5,000				5,000

Dr.	Electricity Charges A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 22	To CashA/c		1,000
				Jan. 31	By Balance C/d		1,000

			1,000				1,000

Dr.	Telephone Charges A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 28	To CashA/c		500
				Jan. 31	By Balance C/d		500

			500				500

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 29	To CashA/c		800
				Jan. 31	By Balance C/d		800

			800				800

Dr.	Wages A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 31	To CashA/c		3,000
				Jan. 31	By Balance C/d		3,000

			1,000				1,000

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T.S. Grewal’s Double Entry Book Keeping

Question No 2 Chapter No 9 – T.S. Grewal 11 Class

Solution of Question No 2 Chapter No 9: –

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