Question No 21 Chapter No 11 – T.S. Grewal 11 Class

Posted by By Shubham Sharma 25 Min Read July 4, 2020
Question No.21 - Chapter No.11 - T.S. Grewal +1 Book 2019-Solution-min-min

Question No 21 Chapter No 11

21. On 1st March 2018, Shri Kailash Chand, Lucknow commenced business with Cash Rs 50,000. The following are his transactions for the month of March 2018. Record them in proper books, post them to the ledger and take out a trial Balance:

 

2018   Rs
Mar.1 Bought goods for Cash * 5,000
  Purchase from Hari, Lucknow*  
  5 Laptop @ Rs 35,000 each  
  5 Desktop @ Rs 25,000 each  
  Less: Trade Discount 15%  
Mar.2 Purchased Computer & printer from M/s Computer Mart Against Cash For office use* 20,000
Mar.5 Deposited into Bank 15,000
Mar.7 Sold goods to Shri Ramesh Chand, Kanpur*   
  2 Laptop @ Rs 32,000 each  
  2 Desktop @ Rs 25,000 each  
Mar.10 Received cheque from Shri Ramesh Chand on account  75,000
Mar.14 Received another cheque in full settlement from Ramesh Chand 49,000
Mar.15 Sold goods to Jagdish, Kolkata**  
  2 Laptop@ Rs 35,000 each  
  2 Desktop @ Rs 25,000 each  
  Less: Trade Discount 5%  
Mar.18 Bought from Shyam Lal, Delhi**:  
  10 Keyboards @ Es 1,000 each  
  10 Moue @ Rs 500 each  
Mar.20 Drew cash from the bank for office  17,000
Mar.21 Paid to Shyam Lal in full Settlement 16,500
Mar.23 Cash Sale 5 Keyboards @ Rs 1,200 each 5 Mouse @ Rs 600 each   
Mar.25 Paid Salary 2,500
Mar.28 Paid Rent*  1,500
Mar.30 Paid into Bank  5,000
Mar.31 Drew cash for private expenses 500

 

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 21 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   50,000   Mar
1		 By Purchases A/c   5,000  
5 To Cash A/c     15,000 1 By Input CGST A/c   300  
10 To Shri Ramesh Chand, Kanpur A/c     75,000 1 By Input SGST A/c   300  
14 To Shri Ramesh Chand, Kanpur A/c     49,440 2 By Computer & Printer A/c   20,000  
20 To Bank A/c   17,000   2 By Input CGST A/c   1,200  
23 To Sale A/c   9,000   2 By Input CGST A/c   1,200  
23 To Output CGST A/c   540   5 By Bank A/c   15,000  
23 To Output SGST A/c   540   20 By Cash A/c     17,000
30 To Cash A/c     5,000 21 By Shyam lal A/c   16,500  
          25 By Salary A/c   2,500  
          28 By Wages A/c   1,500  
          28 By Input CGST A/c   90  
          28 By Input SGST A/c   90  
          30 By Bank A/c   5,000  
          31 By Drawing A/c   500  
          31 By Balance C/d   7,900 1,27,440
      77,080 1,44,440       77,080 1,44,440

 

  Purchases Book 
Date Particular Detail Cost
 Input CGST Input SGST  Input
ISGT 		 Total
2018
Mar.		              
1 Hari, Lucknow :            
  5 Laptops @ RS 35,000 each 1,75,000          
  5 Desktops @ RS 25,000 each 1,25,000          
    3,00,000          
  Less: Trade Discount 15% 45,000          
    2,55,000          
  Add: CGST 6% 15,300          
  Add: SGST 6% 15,300          
    2,85,600 2,55,000 15,300 15,300   2,85,600
18 Shyam Lal, Delhi:            
  10 Keyboards @ Rs 1,000 each 10,000          
  10 Mouse @ Rs 500 each 5,000          
    15,000          
  Add: IGST 6% 1,800          
    16,800 15,000     1,800 16,800
      1,58,500 9,510 9,510   1,27,960

 

  Sale Book 
Date Particular Detail Cost
 Output CGST Output SGST  Output
ISGT 		 Total
2018
Mar.		              
7 Shri Ramesh Chand, Kanpur:            
  2 Laptops @ Rs 32,000 each 64,000          
  2 desktops @ Rs 24,000 each 48,000          
    1,12,000          
  Add: CGST 6% 6720          
  Add: SGST 6% 6,720          
    1,25,440   6,720 6,720   1,25,440
15 Jagdish, Kolkata:            


2 Laptops @ Rs 35,000 each 70,000          
  2 Desktops @ Rs 25,000 each 50,000          
    1,20,000          
  Add: IGST 12% 14,400          
    1,34,400 1,20,000     14,400 1,34,400
      2,32,000 6,720 6,720 14,400 2,59,840

 

Dr. Purchases A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 1 To Cash A/c   5,000        
Mar. 1 To Hari, Lucknow A/c   2,55,000        
Mar.18 To Shyam Lal, A/c   15,000        
        Apr. 30 By Balance C/d   2,75,000
               
      2,75,000       2,75,000

 

Dr. Capital A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 1 By Cash A/c   50,000
               
Mar.31 To Balance C/d   50,000        
               
      50,000       50,000

 

Dr. Hari, Lucknow A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 1 By Purchases A/c   2,55,000
        Mar. 1 By Input CGST A/c   15,300
        Mar. 1 By Input SGST A/c   15,300
Mar.31 To Balance C/d   2,85,600        
      2,85,600       2,85,600

 

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Dr. Shyam Lal A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 21 To Cash A/c   16,500 Mar. 18 By Purchases A/c   15,000
Mar. 21 To Discount Received A/c   300 Mar. 18 By Input IGST A/c   1,800
               
               
      16,800       16,800

 

Dr. Discount Received A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 21 By Shyam Lal A/c   300
Mar.31 To Balance C/d   300        
      300       300

 

Dr. Shri Ramesh Chand, Kanpur A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 7 To Sale A/c   1,12,000 Mar. 10 By Bank A/c   75,000
Mar. 7 To output CGST A/c   6,720 Mar. 14 By Bank A/c   49,440
Mar. 7 To output CGST A/c   6,720 Mar. 14 By Discount Allowed A/c   1,000
               
      1,25,440       1,25,440

 

Dr. Discount Allowed A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 14 To Shri chand A/c   1,000        
        Mar. 31 By Balance C/d   1,000
               
      1,000       1,000

 

Dr. Jagdish, Kolkata A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 7 To Sale A/c   1,14,000        
Mar. 7 To output IGST A/c   13,680        
        Mar. 31 By Balance C/d   1,27,680
               
      1,27,680       1,27,680

 

Dr. Input CGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 1 To Hari A/c   15,300        
Mar. 1 To Cash A/c   300        
Mar. 2 To Cash A/c   1,200        
Mar. 28 To Cash A/c   90        
        Apr. 30 By Balance C/d   16,890
      16,890       16,890

 

Dr. Input SGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 1 To Hari A/c   15,300        
Mar. 1 To Cash A/c   300        
Mar. 2 To Cash A/c   1,200        
Mar. 28 To Cash A/c   90        
        Apr. 30 By Balance C/d   16,890
      16,890       16,890

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Dr. Input IGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 18 To Shyam Lal A/c   1,800        
        Apr. 30 By Balance C/d   1,800
      1,800       1,800

 

Dr. Output CGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 7 By Shri Ramesh chand A/c   6,720
        Mar. 23 By Cash A/c   540
               
Mar. 31 To Balance C/d   7,260        
      7,260       7,260

 

Dr. Output SGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 7 By Shri Ramesh chand A/c   6,720
        Mar. 23 By Cash A/c   540
               
Mar. 31 To Balance C/d   7,260        
      7,260       7,260

 

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Dr. Output IGST A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 15 By Jagdish A/c   13,680
               
Mar. 31 To Balance C/d   13,680        
               
      13,680       13,680

 

Dr. SaleA/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
        Mar. 23 By Cash A/c   9,000
        Mar. 31 By Sunders as per Sale Book A/c   2,26,000
Mar. 31 To Balance C/d   2,35,000        
      2,35,000       2,35,000

 

Dr. Computer And Printer A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 2 To Cash A/c   20,000        
               
        Mar. 31 By Balance C/d   20,000
               
      20,000       20,000

 

Dr. Salary A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 25 To Cash A/c   2,500        
               
        Mar. 31 By Balance C/d   2,500
               
      2,500       2,500

 

 

Dr. Rent A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 28 To Cash A/c   1,500        
               
        Mar. 31 By Balance C/d   1,500
               
      1,500       1,500

 

Dr. Drawing A/c Cr.
Date Particulars
 J.F. Amount Date Particulars
 J.F. Amount
2018       2018      
Mar. 31 To Cash A/c   500        
               
        Mar. 31 By Balance C/d   500
               
      500       500

 

 

Trail BalanceA/c Cr.
Particulars
 J.F. Debit Credit
Capital A/c     50,000
Cash A/c   7,900  
Bank A/c   1,27,440  
Purchase A/c   2,75,000  
Sale A/c     2,35,000
Salaries A/c   2,500  
Rent A/c   1,500  
Drawing A/c   500  
Computer and Printer A/c   20,000  
Discount Allowed A/c   1,000  
Discount Received A/c     300
Hari A/c     2,85,600
Jagdish A/c   1,27,680  
Input CGST A/c   16,890  
Input SGST A/c   16,890  
Input IGST A/c   1,800  
Output CGST A/c     7,260
Output SGST A/c     7,260
Output IGST A/c     13,680
    5,99,100 5,99,100

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

Sales Return Book | Subsidiary Books | Examples

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T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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