Question No 29 Chapter No 8 – T.S. Grewal 11 Class

Question No. 29 - Chapter No.8 - T.S. Grewal +1 Book 2019
Question No. 29 - Chapter No.8 - T.S. Grewal +1 Book 2019

Question No 29 Chapter No 8

Journalise the following in the books of Amit Saini, Gurugram (Haryana):

(i) Goods of Rs 5,000 were used by him for domestic purpose.
(ii) Rs. 2,000 due from Sohan became bad debts.
(iii) Goods of Rs 6,000 were destroyed by fire and were not insured.
(iv) Paid Rs 4,000 in cash as wages on installation of machine. GST is not to be levied.
(v) Sold goods to Arjun of Delhi of list price Rs 20,000. Trade discount @ 10% and cash discount of 5% was allowed. He paid the amount on the same day and availed the cash discount.
(vi) Received cash for a bad debt written off last year Rs 2,000
(vii) Goods of Rs 1,000 given as charity. 
(viii) Received Rs 9,750 from Ramesh in full settlement of his account of 10,000. 
(ix) Paid rent in advance Rs 4,000.

Solution of Question No 29 Chapter No 8: – 

In the Books of Amit Saini, Gurugram (Haryana)

Date   Particulars
L.F. Debit Credit
(i) Drawing A/c Dr.   5,600  
             To Purchase A/c     5,000
             To Input CGST A/c     300
             To Input SGST A/c     30
  (Being Goods used by owner for domestic purpose.)      
(ii) Bad Debts A/c Dr.   2,000  
            To Sohan A/c       2,000
  (Being amount due from Sohan became bad debts)      
(iii) Loss by fire A/c Dr.   6,720  
             To Purchase A/c     6,000
             To Input CGST A/c     360
             To Input SGST A/c     360
  (Being goods destroyed by fire)      
(iv) Machine A/c Dr.   4,000  
             To Cash A/c     4,000
  (Being wages paid for installation of machine)      
(v) Cash A/c Dr.   19,152  
  Discount Allowed A/c Dr.   1,008  
             To Sales A/c     18,000
             To Output IGST A/c     2,160
  (Being goods sold to Arjun of Delhi for cash.)      
(vi) Cash A/c Dr.   2,000  
             To Bad Debts recover A/c     2,000
  (Being Bad Debts recovered written as bad last year.)      
(vii) Charity A/c Dr.   1,120  
             To Purchase A/c     1,000
             To Input CGST A/c     60
             To Input SGST A/c     60
  (Being goods given as charity)      
(viii) Cash A/c Dr.   9,750  
  Discount Allowed A/c Dr.   250  
             To Ramesh A/c     10,000
  (Being received from Ramesh in full settlement)      
(ix) Pre paid Rent A/c Dr.   4,000  
             To Cash A/c     4,000
  (Being rent paid in advance.)      

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