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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

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Question No 20 Chapter No 11

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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.1Cash Sales*2,000
Mar.2Purchased machinery by cheque*5,000
Mar.4Paid Salaries by Cheque 2,750
Mar.7Paid Wages in cash440
Mar.9Rajesh settled his account by cheque less 5% discount 
Mar.11Sold goods on credit to James, Patna**10,000
Mar.13Sent a credit note to James for goods returned **(Including IGST reversed)2,240
Mar.18Paid Rao by cheque in full Settlement18,000
Mar.20Took Loan from Bank of Baroda50,000
Mar.22Withdraw from the bank for private purposes2,500
Mar.25Bought goods on credit from Samanta, Delhi**5,000
Mar.27Paid corporation Tax by Cheque1,155
Mar.30Cash Sale ( Including CGST and SGST @6% each) and paid into a bank4,480
Mar.31All 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 
DateParticularL.FCashBankDateParticularL.F
CashBank
Mar
1
To Balance B/f 15,40082,500Mar
2
By Machinery A/c  5,000
1To Sale A/c 2,000 2By Input CGST A/c  300
1To Output CGST A/c 120 2By Input SGST A/c  300
1To Output SGST A/c 120 4By Salaries A/c  2,750
9To Rajesh A/c  26,1257By Wages A/c 440 
20To Baroda A/c  50,00018By Rao A/c  18,000
30To Sale A/c  4,00022By Drawing A/c  2,500
30To Output CGST A/c  24027By Corporation tax A/c  1,155
30To Output CGST A/c  24031By Bank A/c 16,375 
31To Cash A/c  16,375     
     31By Balance C/d 8251,49,475
   17,6401,79,480   17,6401,79,480

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 Purchases Book 
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
Mar.
       
25Samanta, Delhi:      
  5,000     
  5,000     
 Add: IGST 12%600     
  5,6005,000  6005,600
   5,000  6005,600

 

 Sale Return  Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Mar.
       
13James, Patna:      
  10,000     
  10,000     
 Add: IGST 6%1,200     
  11,20010,000  1,20011,200
   10,000  1,20011,200

 

 Sale Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Mar.
       
11James, Patna:      
  2,000     
  2,000     
 Add: IGST 6%240     
  2,2402,000  2402,240
   2,000  2402,240

 

Dr.Purchases A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 1To Samanta A/c 5,000    
    Apr. 30By Balance C/d 5,000
   5,000   5,000

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 1By Balance b/f 7,16,650
        
Mar.31To Balance C/d 7,16,650    
        
   7,16,650   7,16,650

 

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

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Dr.Stock A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 1To Balance b/f 1,92,500    
        
        
    Mar.31To Balance C/d 1,92,500
   1,92,500   1,92,500

 

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

 

Dr.Plant and Machinery A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 1To Balance b/f 4,40,000    
Mar. 2To Bank A/c 5,000    
        
    Mar.31To Balance C/d 4,45,000
   4,45,000   4,45,000

 

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

 

Dr.James A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 1To Balance b/f 13,750Mar. 13By Sale Return A/c 2,000
Mar. 11To Sale A/c 10,000Mar. 13By Output IGST A/c 240
Mar. 11To Output IGST A/c 1,200Mar. 31By Balance C/d 22,710
        
   24,950   24,950

 

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

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

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

 

Dr.Input CGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 2To Plant And Machinery A/c 300    
    Mar. 31To Balance C/d 300
   300   300

 

Dr.Input SGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 2To Plant And Machinery A/c 300    
    Mar. 31To Balance C/d 300
   300   300

 

Dr.Input IGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 25To Samanta A/c 600    
    Mar. 31To Balance C/d 600
   600   600

 

Dr.

 

Output CGST A/c

 

Cr.

DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 1By Cash A/c 120
    Mar. 2By Bank A/c 240
Mar. 31To Balance C/d 360    
        
   360   360

 

 

Dr.

 

Output SGST A/c

 

Cr.

DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 1By Cash A/c 120
    Mar. 2By Bank A/c 240
Mar. 31To Balance C/d 360    
        
   360   360

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Dr.Output IGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 13To James A/c 240Mar. 2By James A/c 1,200
        
Mar. 31To Balance C/d 960    
   1,200   1,200

 

Dr. Discount Allowed A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 9To Rajesh A/c 1,375    
        
    Mar. 31By Balance C/d 1,375
        
   1,375   1,375

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Dr.Discount Received A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 18To Rao A/c 1,250
        
Mar. 31By Balance C/d 1,250    
   1,250   1,250

 

Dr.Salary A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 4To Bank A/c 2,750    
        
    Mar. 31By Balance C/d 2,750
        
   2,750   2,750

 

Dr.Wages A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 7To Cash A/c 440    
        
    Mar. 31By Balance C/d 440
        
   440   440

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Dr.Loan From Baroda A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 20By Bank A/c 50,000
        
Mar. 31By Balance C/d 50,000    
        
   50,000   50,000

 

Dr.Drawing A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 22To Bank A/c 2,500    
        
    Mar. 31By Balance C/d 2,500
        
   2,500   2,500

 

Dr.Corporation Tax A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 27To Bank A/c 1,155    
        
    Mar. 31By Balance C/d 1,155
        
   1,155   1,155

 

Trial Balance A/cCr.
Particulars
J.F.DebitCredit
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
  8,26,9308,26,930

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. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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