Question No 3 Chapter No 9 – T.S. Grewal 11 Class

Question No. 3 - Chapter No.9 - T.S. Grewal +1 Book 2019

Question No 3 Chapter No 9

Journalise the following transactions book of Afzal, Kolkata and post them in the ledger:

2018   Rs.
Jan. 1 Started Business with cash  1,00,000
Jan. 3 Bought goods on credit from Gupta & Co., Delhi 20,000
Jan. 5 Cash sale 5,000
Jan. 8 Cash purchases 8,000
Jan. 10 Sold good to Ahemd & Co., Lucknow 10,000
Jan. 11 Deposited cash in bank* 50,000
Jan. 13  Purchased a computer for office  20,000
Jan. 15 Took a lone form Mehboob* 70,000
Jan. 16 Goods returned by Ahmed & Co. 2,000
Jan. 17  Purchased furniture from Mehfil Mart, Kolkata   10,000
Jan. 18 Paid interest to mehboob* 2,000
Jan. 19 Received claim from Ahmed & Co. for defects in good supplied to them. Claim was accepted and rebate was allowed  1,000
Jan. 22 Paid rent by cheque 2,000
Jan. 24 Withdrew from bank* 20,000
Jan. 25 Sale of goods at counter after allowing trade discount of 10% 10,000
Jan. 26  Goods purchased from Gupta & Co., Delhi were destroyed by accident 10,000
Jan. 27 Advertisement expenses paid through bank   5,000
Jan. 28 Ahmed & Co. settled their account by cheque* 7,000
Jan. 29 Paid to Gupta & Co. by cheque* 18,000
  Discount allowed by them*  2,000
Jam. 31 Sold old newspapers  500

Solution of Question No 3 Chapter No 9: – 

In the Books of Afzal, Kolkata

Date   Particulars
L.F. Debit Credit
2018          
Jan. 1 Cash A/c Dr.   1,00,000  
            To Capital A/c       1,00,000
  (Being Commenced business with cash.)      
         
Jan. 2 Purchase A/c Dr.   20,000  
  Input IGST A/c Dr.   2,400  
            To Gupta & Co., Delhi A/c       22,400
  (Being goods purchase on credit)      
           
Jan. 3 Cash A/c Dr.   5,600  
             To Sales A/c       5,000
             To Output CGST A/c       300
             To Output SGST A/c       300
  (Being goods sold for cash)      
         
Jan. 8 Purchase A/c Dr.   8,000  
  Input CGST A/c Dr.   480  
  Input SGST A/c Dr.   480  
             To Cash A/c     8,960
  (Being goods purchased for cash )      
         
Jan. 10 Ahmed & Co., Lucknow A/c Dr.   11,200  
             To Sale A/c     10,000
             To Output IGST A/c       1,200
  (Being Goods sold to Ahmed )      
         
Jan. 11 Bank A/c Dr.   50,000  
             To Cash A/c     50,000
  (Being Cash deposited in Bank)      
         
Jan. 13 Computer A/c Dr.   20,000  
  Input CGST A/c Dr.   1,200  
  Input SGST A/c Dr.   1,200  
              To Cash A/c     22,400
  (Being Office computer purchases for Cash)      
         
Jan. 15 Cash A/c Dr.   70,000  
             To Mehboob’s Loan A/c     70,000
  (Being Loan taken form Mehboob)      
           
Jan. 16 Sale Return A/c Dr.   2,000  
  Output IGST A/c Dr.   240  
             To Cash A/c     2,240
  (Being Goods Return from Ahmed.)      
           
Jan. 17 Furniture A/c Dr.   10,000  
  Input IGST A/c Dr.   600  
  Input IGST A/c Dr.   600  
             To Mehfil Mart, Kolkata A/c     11,200
  (Being Furniture purchased from Mehfil Mart, Kolkata .)      
           
Jan. 18 Interest on Loan A/c Dr.   2,000  
             To Cash A/c     2,000
  (Being Interest on Mehboob Loan paid)      
           
Jan. 18 Interest on Loan A/c Dr.   2,000  
             To Cash A/c     2,000
  (Being Interest on Mehboob Loan paid)      
           
Jan. 19 Claim for defect goods A/c Dr.   1,000  
             To Ahmed& Co., A/c     1,000
  (Being Claim allowed to Ahmed.)      
           
Jan. 22 Rent A/c Dr.   2,000  
            To Cash A/c     2,000
  (Being rent paid by Cheque)      
         
Jan. 24 CashA/c Dr.   20,000  
            To Bank A/c     20,000
  (Being Cash Withdrew from Bank)      
         
Jan. 25 CashA/c Dr.   9,000  
            To Sale A/c     9,000
  (Being Sale of Goods after allowing 10% trade discount)      
         
Jan. 26 Destroyed by Accident A/c Dr.   10,000  
            To Sale A/c     10,000
  (Being Goods Destroyed in Accident )      
         
Jan. 27 Advertisement A/c Dr.   5,000  
            To Bank A/c     5,000
  (Being Advertisement Expenses paid by cheque)      
         
Jan. 28 Ahmed & Co., A/c Dr.   7,000  
            To Bank A/c     7,000
  (Being Ahmed & co., settled account by cheque)      
         
Jan. 29 Gupta & Co., A/c Dr.   20,000  
            To Bank A/c     18,000
            To Discount Received A/c     2,000
  (Being Sale of Goods after allowing 10% trade discount)      
         
Jan. 30 Cash A/c Dr.   500  
            To Scrap A/c     500
  (Being Goods Destroyed in Accident )      
         

To clear the meaning of Ledger and Ledger balancing Click below: 

What is Ledger – Explained with Example

Ledger balancing or Closing of ledger account | Ledger
 
Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 1 To Capital A/c   1,00,000 Jan. 2 By Purchase A/c   8,960
Jan. 5 To Sales A/c   5,600 Jan. 11 By Bank A/c   50,000
Jan. 15 To Loan from Mehboob A/c   70,000 Jan. 13 By Bank A/c   22,400
Jan. 24 To Bank A/c   20,000 Jan. 18 By Interest to Mehboob A/c   2,000
Jan. 25 To Sale A/c   9,000        
Jan. 31 To Scrap A/c   500        
        Jan. 31 By Balance C/d   1,21,740
               
      2,05,100       2,05,100

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Jan. 1 By Cash A/c   1,00,000
Jan. 31 By Balance C/d   1,00,000        
               
      1,00,000       1,00,000

 

Dr. Purchase A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 2 To Cash A/c   20,000        
Jan. 18 To Anurag, Kanpur A/c   50,000        
        Jan. 31 By Balance C/d   70,000
               
      70,000       70,000

 

Dr. Sales A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Jan. 3 By Cash A/c   7,000
        Jan. 15 By Shravan, Delhi A/c   6,000
        Jan. 22 By Cash A/c   30,000
Jan. 31 By Balance C/d   43,000        
               
      43,000       43,000

 

Dr. Shravan, Delhi  A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 15 To Sales A/c   6,000        
        Jan. 31 By Balance C/d   6,000
               
      6,000       6,000

 

Dr. Anurag, Kanpur A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 19 To Purchase Return A/c   5,000 Jan. 18 By Purchase A/c   50,000
Jan. 31 By Balance C/d   45,000        
               
      50,000       50,000

 

Dr. Purchase Return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Jan. 19 By Anurag, Kanpur A/c   5,000
Jan. 31 By Balance C/d   5,000        
               
      5,000       5,000

 

Dr. Electricity Charges A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 22 To CashA/c   1,000        
        Jan. 31 By Balance C/d   1,000
               
      1,000       1,000

 

Dr. Telephone Charges A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 28 To CashA/c   500        
        Jan. 31 By Balance C/d   500
               
      500       500

 

Dr. Rent A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 29 To CashA/c   800        
        Jan. 31 By Balance C/d   800
               
      800       800

 

Dr. Wages A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 31 To CashA/c   3,000        
        Jan. 31 By Balance C/d   3,000
               
      1,000       1,000

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T.S. Grewals Double Entry Book Keeping - Question No 3 Chapter No 9 - T.S. Grewal 11 Class

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