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

Question No.20 Chapter No.11 T.S. Grewal 1 Book 2019 Solution min min 1024x576 - 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

 

  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

 

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

 

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

 

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

 

 

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

 

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

 

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

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. Grewals Double Entry Book Keeping - Question No 20 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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