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

Question No.21 - Chapter No.11 - T.S. Grewal +1 Book 2019-Solution-min-min

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Question No 21 Chapter No 11

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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.1Bought 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.2Purchased Computer & printer from M/s Computer Mart Against Cash For office use*20,000
Mar.5Deposited into Bank15,000
Mar.7Sold goods to Shri Ramesh Chand, Kanpur*  
 2 Laptop @ Rs 32,000 each 
 2 Desktop @ Rs 25,000 each 
Mar.10Received cheque from Shri Ramesh Chand on account 75,000
Mar.14Received another cheque in full settlement from Ramesh Chand49,000
Mar.15Sold goods to Jagdish, Kolkata** 
 2 Laptop@ Rs 35,000 each 
 2 Desktop @ Rs 25,000 each 
 Less: Trade Discount 5% 
Mar.18Bought from Shyam Lal, Delhi**: 
 10 Keyboards @ Es 1,000 each 
 10 Moue @ Rs 500 each 
Mar.20Drew cash from the bank for office 17,000
Mar.21Paid to Shyam Lal in full Settlement16,500
Mar.23Cash Sale 5 Keyboards @ Rs 1,200 each 5 Mouse @ Rs 600 each  
Mar.25Paid Salary2,500
Mar.28Paid Rent* 1,500
Mar.30Paid into Bank 5,000
Mar.31Drew cash for private expenses500

 

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 
DateParticularL.FCashBankDateParticularL.F
CashBank
Mar
1
To Balance B/f 50,000 Mar
1
By Purchases A/c 5,000 
5To Cash A/c  15,0001By Input CGST A/c 300 
10To Shri Ramesh Chand, Kanpur A/c  75,0001By Input SGST A/c 300 
14To Shri Ramesh Chand, Kanpur A/c  49,4402By Computer & Printer A/c 20,000 
20To Bank A/c 17,000 2By Input CGST A/c 1,200 
23To Sale A/c 9,000 2By Input CGST A/c 1,200 
23To Output CGST A/c 540 5By Bank A/c 15,000 
23To Output SGST A/c 540 20By Cash A/c  17,000
30To Cash A/c  5,00021By Shyam lal A/c 16,500 
     25By Salary A/c 2,500 
     28By Wages A/c 1,500 
     28By Input CGST A/c 90 
     28By Input SGST A/c 90 
     30By Bank A/c 5,000 
     31By Drawing A/c 500 
     31By Balance C/d 7,9001,27,440
   77,0801,44,440   77,0801,44,440

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 Purchases Book 
DateParticularDetailCost
Input CGSTInput SGST Input
ISGT
 
Total
2018
Mar.
       
1Hari, Lucknow :      
 5 Laptops @ RS 35,000 each1,75,000     
 5 Desktops @ RS 25,000 each1,25,000     
  3,00,000     
 Less: Trade Discount 15%45,000     
  2,55,000     
 Add: CGST 6%15,300     
 Add: SGST 6%15,300     
  2,85,6002,55,00015,30015,300 2,85,600
18Shyam Lal, Delhi:      
 10 Keyboards @ Rs 1,000 each10,000     
 10 Mouse @ Rs 500 each5,000     
  15,000     
 Add: IGST 6%1,800     
  16,80015,000  1,80016,800
   1,58,5009,5109,510 1,27,960

 

 Sale Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Mar.
       
7Shri Ramesh Chand, Kanpur:      
 2 Laptops @ Rs 32,000 each64,000     
 2 desktops @ Rs 24,000 each48,000     
  1,12,000     
 Add: CGST 6%6720     
 Add: SGST 6%6,720     
  1,25,440 6,7206,720 1,25,440
15Jagdish, Kolkata:      


2 Laptops @ Rs 35,000 each70,000     
 2 Desktops @ Rs 25,000 each50,000     
  1,20,000     
 Add: IGST 12%14,400     
  1,34,4001,20,000  14,4001,34,400
   2,32,0006,7206,72014,4002,59,840

 

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

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 1By Cash A/c 50,000
        
Mar.31To Balance C/d 50,000    
        
   50,000   50,000

 

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

 

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

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Dr.Discount Received A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 21By Shyam Lal A/c 300
Mar.31To Balance C/d 300    
   300   300

 

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

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

 

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

 

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

 

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

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

 

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

 

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

 

Dr.Output IGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 15By Jagdish A/c 13,680
        
Mar. 31To Balance C/d 13,680    
        
   13,680   13,680

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

 

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

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Dr.Salary A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 25To Cash A/c 2,500    
        
    Mar. 31By Balance C/d 2,500
        
   2,500   2,500

 

 

Dr.Rent A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 28To Cash A/c 1,500    
        
    Mar. 31By Balance C/d 1,500
        
   1,500   1,500

 

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

 

 

Trail BalanceA/cCr.
Particulars
J.F.DebitCredit
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
  5,99,1005,99,100

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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

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T.S. Grewal’s Double Entry Book Keeping

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