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

Question No. 2 - Chapter No.9 - T.S. Grewal +1 Book 2019

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 – Explained with Example

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

 

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. Grewals Double Entry Book Keeping - Question No 2 Chapter No 9 - T.S. Grewal 11 Class

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