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

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 CGST A/c	Dr.		600
	Input SGST 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. 19	Claim for defect goods A/c	Dr.		1,000
	Output IGST A/c			120
	To Ahmed& Co., Lucknow A/c				1,120
	(Being Claim for defective goods is allowed to Ahmed & Co. Lucknow.)

Jan. 22	Rent A/c	Dr.		2,000
	Input IGST A/c	Dr.		120
	Input IGST A/c	Dr.		120
	To Cash A/c				2,240
	(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.		10,080
	To Sale A/c				9,000
	To Output CGST A/c				540
	To Output SGST A/c				540
	(Being Sale of Goods after allowing 10% trade discount)

Jan. 26	Destroyed by Accident A/c	Dr.		11,200
	To Purchases A/c				10,000
	To Input IGST A/c				1,200
	(Being Goods Destroyed in Accident )

Jan. 27	Advertisement A/c	Dr.		5,000
	Input IGST A/c	Dr.		300
	Input IGST A/c	Dr.		300
	To Bank A/c				5,600
	(Being Advertisement Expenses paid by cheque)

Jan. 28	Bank A/c	Dr.		7,000
	Input IGST A/c			840
	To Ahmed& Co., Lucknow A/c				7,840
	(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.		560
	To Scrap A/c				500
	To Output CGST A/c				30
	To Output SGST A/c				30
	(Being Goods Destroyed in Accident )

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

What is Ledger in accounting – explain its Types

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

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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. Grewal’s Double Entry Book Keeping

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

Solution of Question No 3 Chapter No 9: –

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