Question No 20 Chapter No 11 - T.S. Grewal 11 Class

Question No 20 Chapter No 11

20. R. Chetan, Kolkata has the following balances in his books on 1st March 2018
Cash Rs 15,400; Cash at Bank RS 85,500; Stock Rs 1,95,500; Plant And Machinery Rs 4,40,000.
Sundry Debtors: Rajesh Rs 27,500; James Rs 13,750.
Sundry Creditors: Rao Rs 19,250, Samanta Rs 35,750; Capital Rs 7,16,650
The following are the transactions for the month of March 2018 :

2018		Rs
Mar.1	Cash Sales*	2,000
Mar.2	Purchased machinery by cheque*	5,000
Mar.4	Paid Salaries by Cheque	2,750
Mar.7	Paid Wages in cash	440
Mar.9	Rajesh settled his account by cheque less 5% discount
Mar.11	Sold goods on credit to James, Patna**	10,000
Mar.13	Sent a credit note to James for goods returned **(Including IGST reversed)	2,240
Mar.18	Paid Rao by cheque in full Settlement	18,000
Mar.20	Took Loan from Bank of Baroda	50,000
Mar.22	Withdraw from the bank for private purposes	2,500
Mar.25	Bought goods on credit from Samanta, Delhi**	5,000
Mar.27	Paid corporation Tax by Cheque	1,155
Mar.30	Cash Sale ( Including CGST and SGST @6% each) and paid into a bank	4,480
Mar.31	All cash in hand, With the exception of Rs 825 retained for change, was paid into the bank

Transactions marked* are Intra State transaction Subject to be CGST and SGST @ 6% each

Transactions marked** are inter-State transaction Subject to be IGST @ 12%

The solution of Question No 20 Chapter No 11: –

In the Books of Prabhat Electric Co., Delhi

	Cash Book
Date	Particular	L.F	Cash	Bank	Date	Particular	L.F	Cash	Bank
Mar 1	To Balance B/f		15,400	82,500	Mar 2	By Machinery A/c			5,000
1	To Sale A/c		2,000		2	By Input CGST A/c			300
1	To Output CGST A/c		120		2	By Input SGST A/c			300
1	To Output SGST A/c		120		4	By Salaries A/c			2,750
9	To Rajesh A/c			26,125	7	By Wages A/c		440
20	To Baroda A/c			50,000	18	By Rao A/c			18,000
30	To Sale A/c			4,000	22	By Drawing A/c			2,500
30	To Output CGST A/c			240	27	By Corporation tax A/c			1,155
30	To Output CGST A/c			240	31	By Bank A/c		16,375
31	To Cash A/c			16,375
					31	By Balance C/d		825	1,49,475
			17,640	1,79,480				17,640	1,79,480

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	Purchases Book
Date	Particular	Detail	Cost	Input CGST	Input SGST	Input ISGT	Total
2018 Mar.
25	Samanta, Delhi:
		5,000
		5,000
	Add: IGST 12%	600
		5,600	5,000			600	5,600
			5,000			600	5,600

	Sale Return Book
Date	Particular	Detail	Cost	Output CGST	Output SGST	Output ISGT	Total
2018 Mar.
13	James, Patna:
		10,000
		10,000
	Add: IGST 6%	1,200
		11,200	10,000			1,200	11,200
			10,000			1,200	11,200

	Sale Book
Date	Particular	Detail	Cost	Output CGST	Output SGST	Output ISGT	Total
2018 Mar.
11	James, Patna:
		2,000
		2,000
	Add: IGST 6%	240
		2,240	2,000			240	2,240
			2,000			240	2,240

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Samanta A/c		5,000
				Apr. 30	By Balance C/d		5,000
			5,000				5,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Balance b/f		7,16,650

Mar.31	To Balance C/d		7,16,650

			7,16,650				7,16,650

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Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		15,400	Mar. 7	By Wages A/c		440
Mar. 1	To Sale A/c		2,000	Mar. 31	By Bank A/c		16,375
Mar. 1	To Output CGST A/c		120
Mar. 1	To Output SGST A/c		120
				Mar.31	To Balance C/d		825
			17,640				17,640

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Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		1,92,500


				Mar.31	To Balance C/d		1,92,500
			1,92,500				1,92,500

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		82,500	Mar. 2	By Machinery A/c		5,000
Mar. 9	To Rajesh A/c		26,125	Mar. 2	By Input CGST A/c		300
Mar. 20	To Baroda A/c		50,000	Mar. 2	By Input SGST A/c		300
Mar. 30	To Sale A/c		4,000	Mar. 4	By Salary A/c		2,750
Mar. 30	To Output CGST A/c		240	Mar. 18	By Rao A/c		18,000
Mar. 30	To Output SGST A/c		240	Mar. 22	By Drawing A/c		2,500
Mar. 31	To Cash A/c		16,375	Mar. 30	By Corporation Tax A/c		1,155
				Mar.31	To Balance C/d		1,49,475
			1,79,480				1,79,480

Dr.	Plant and Machinery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		4,40,000
Mar. 2	To Bank A/c		5,000

				Mar.31	To Balance C/d		4,45,000
			4,45,000				4,45,000

Dr.	Rajesh A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		27,500	Mar. 9	By Bank A/c		26,125
				Mar. 9	By Discount A/c		1,375

			27,500				27,500

Dr.	James A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Balance b/f		13,750	Mar. 13	By Sale Return A/c		2,000
Mar. 11	To Sale A/c		10,000	Mar. 13	By Output IGST A/c		240
Mar. 11	To Output IGST A/c		1,200	Mar. 31	By Balance C/d		22,710

			24,950				24,950

Dr.	Rao A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 18	To Bank A/c		18,000	Mar. 1	By Balance b/f		19,250
Mar. 18	To Discount Received A/c		1,250
			19,250				19,250

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Dr.	Samanta A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Balance b/f		35,750
				Mar. 25	By Purchases A/c		5,000
				Mar. 25	By Input IGST A/c		1,200
Apr. 30	To Balance C/d		41,350
			41,350				41,350

Dr.	Sale A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Cash A/c		2,000
				Mar. 11	By James, Patna A/c		10,000
				Mar. 30	By Bank A/c		4,000
Apr. 30	To Balance C/d		16,000
			16,000				16,000

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 2	To Plant And Machinery A/c		300
				Mar. 31	To Balance C/d		300
			300				300

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 2	To Plant And Machinery A/c		300
				Mar. 31	To Balance C/d		300
			300				300

Dr.	Input IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 25	To Samanta A/c		600
				Mar. 31	To Balance C/d		600
			600				600

Dr.	Output CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Cash A/c		120
				Mar. 2	By Bank A/c		240
Mar. 31	To Balance C/d		360

			360				360

Dr.	Output SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Cash A/c		120
				Mar. 2	By Bank A/c		240
Mar. 31	To Balance C/d		360

			360				360

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Dr.	Output IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 13	To James A/c		240	Mar. 2	By James A/c		1,200

Mar. 31	To Balance C/d		960
			1,200				1,200

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Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 9	To Rajesh A/c		1,375

				Mar. 31	By Balance C/d		1,375

			1,375				1,375

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 18	To Rao A/c		1,250

Mar. 31	By Balance C/d		1,250
			1,250				1,250

Dr.	Salary A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 4	To Bank A/c		2,750

				Mar. 31	By Balance C/d		2,750

			2,750				2,750

Dr.	Wages A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 7	To Cash A/c		440

				Mar. 31	By Balance C/d		440

			440				440

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Dr.	Loan From Baroda A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 20	By Bank A/c		50,000

Mar. 31	By Balance C/d		50,000

			50,000				50,000

Dr.	Drawing A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 22	To Bank A/c		2,500

				Mar. 31	By Balance C/d		2,500

			2,500				2,500

Dr.	Corporation Tax A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 27	To Bank A/c		1,155

				Mar. 31	By Balance C/d		1,155

			1,155				1,155

Trial Balance A/c			Cr.
Particulars	J.F.	Debit	Credit
Cash A/c		825
Bank A/c		1,49,475
Stock A/c		1,92,500
Plant and Machinery A/c		4,45,000
James A/c		22,710
Samanta A/c			41,350
Capital A/c			7,16,650
Sale A/c			16,000
Sale Return A/c		2,000
Purchase A/c		5,000
Discount Allowed A/c		1,375
Loan from Baroda A/c			50,000
Wages A/c		440
Salaries A/c		2,750
Drawing A/c		2,500
Corporation Tax A/c		1,155
Discount Received A/c			1,250
Input CGST A/c		300
Input SGST A/c		300
Input IGST A/c		600
Output CGST A/c			360
Output SGST A/c			360
Output IGST A/c			960
		8,26,930	8,26,930

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

Sales Return Book | Subsidiary Books | Examples

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Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal’s Double Entry Book Keeping

Question No 20 Chapter No 11 – T.S. Grewal 11 Class

The solution of Question No 20 Chapter No 11: –

In the Books of Prabhat Electric Co., Delhi

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