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

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

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Question No 3 Chapter No 9

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

2018 Rs.
Jan. 1Started Business with cash 1,00,000
Jan. 3Bought goods on credit from Gupta & Co., Delhi20,000
Jan. 5Cash sale5,000
Jan. 8Cash purchases8,000
Jan. 10Sold good to Ahemd & Co., Lucknow10,000
Jan. 11Deposited cash in bank*50,000
Jan. 13 Purchased a computer for office 20,000
Jan. 15Took a lone form Mehboob*70,000
Jan. 16Goods returned by Ahmed & Co.2,000
Jan. 17 Purchased furniture from Mehfil Mart, Kolkata  10,000
Jan. 18Paid interest to mehboob*2,000
Jan. 19Received claim from Ahmed & Co. for defects in good supplied to them. Claim was accepted and rebate was allowed 1,000
Jan. 22Paid rent by cheque2,000
Jan. 24Withdrew from bank*20,000
Jan. 25Sale of goods at counter after allowing trade discount of 10%10,000
Jan. 26 Goods purchased from Gupta & Co., Delhi were destroyed by accident10,000
Jan. 27Advertisement expenses paid through bank  5,000
Jan. 28Ahmed & Co. settled their account by cheque*7,000
Jan. 29Paid to Gupta & Co. by cheque*18,000
 Discount allowed by them* 2,000
Jam. 31Sold old newspapers 500

Solution of Question No 3 Chapter No 9: – 

In the Books of Afzal, Kolkata

Date  Particulars
L.F.DebitCredit
2018     
Jan. 1Cash A/cDr. 1,00,000 
           To Capital A/c   1,00,000
 (Being Commenced business with cash.)   
     
Jan. 2Purchase A/cDr. 20,000 
 Input IGST A/cDr. 2,400 
           To Gupta & Co., Delhi A/c   22,400
 (Being goods purchase on credit)   
      
Jan. 3Cash A/cDr. 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. 8Purchase A/cDr. 8,000 
 Input CGST A/cDr. 480 
 Input SGST A/cDr. 480 
            To Cash A/c  8,960
 (Being goods purchased for cash )   
     
Jan. 10Ahmed & Co., Lucknow A/cDr. 11,200 
            To Sale A/c  10,000
            To Output IGST A/c   1,200
 (Being Goods sold to Ahmed )   
     
Jan. 11Bank A/cDr. 50,000 
            To Cash A/c  50,000
 (Being Cash deposited in Bank)   
     
Jan. 13Computer A/cDr. 20,000 
 Input CGST A/cDr. 1,200 
 Input SGST A/cDr. 1,200 
             To Cash A/c  22,400
 (Being Office computer purchases for Cash)   
     
Jan. 15Cash A/cDr. 70,000 
            To Mehboob’s Loan A/c  70,000
 (Being Loan taken form Mehboob)   
      
Jan. 16Sale Return A/cDr. 2,000 
 Output IGST A/cDr. 240 
            To Cash A/c  2,240
 (Being Goods Return from Ahmed.)   
      
Jan. 17Furniture A/cDr. 10,000 
 Input CGST A/cDr. 600 
 Input SGST A/cDr. 600 
            To Mehfil Mart, Kolkata A/c  11,200
 (Being Furniture purchased from Mehfil Mart, Kolkata .)   
      
Jan. 18Interest on Loan A/cDr. 2,000 
            To Cash A/c  2,000
 (Being Interest on Mehboob Loan paid)   
      
Jan. 19Claim for defect goods A/cDr. 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. 22Rent A/cDr. 2,000 
 Input IGST A/cDr. 120 
 Input IGST A/cDr. 120 
           To Cash A/c  2,240
 (Being rent paid by Cheque)   
     
Jan. 24CashA/cDr. 20,000 
           To Bank A/c  20,000
 (Being Cash Withdrew from Bank)   
     
Jan. 25CashA/cDr. 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. 26Destroyed by Accident A/cDr. 11,200 
           To Purchases A/c  10,000
           To Input IGST A/c   1,200
 (Being Goods Destroyed in Accident )   
     
Jan. 27Advertisement A/cDr. 5,000 
 Input IGST A/cDr. 300 
 Input IGST A/cDr. 300 
           To Bank A/c  5,600
 (Being Advertisement Expenses paid by cheque)   
     
Jan. 28Bank A/cDr. 7,000 
 Input IGST A/c 840 
           To Ahmed& Co., Lucknow A/c  7,840
 (Being Ahmed & co., settled account by cheque)   
     
Jan. 29Gupta & Co., A/cDr. 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. 30Cash A/cDr. 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: 

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What is Ledger in accounting – explain its Types

Ledger balancing or Closing of ledger account | Ledger

 
Dr.Cash A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 1To Capital A/c 1,00,000Jan. 2By Purchase A/c 8,960
Jan. 5To Sales A/c 5,600Jan. 11By Bank A/c 50,000
Jan. 15To Loan from Mehboob A/c 70,000Jan. 13By Bank A/c 22,400
Jan. 24To Bank A/c 20,000Jan. 18By Interest to Mehboob A/c 2,000
Jan. 25To Sale A/c 9,000    
Jan. 31To Scrap A/c 500    
    Jan. 31By Balance C/d 1,21,740
        
   2,05,100   2,05,100

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan. 1By Cash A/c 1,00,000
Jan. 31By Balance C/d 1,00,000    
        
   1,00,000   1,00,000

 

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

 

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

 

Dr.Shravan, Delhi  A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 15To Sales A/c  6,000    
    Jan. 31By Balance C/d 6,000
        
   6,000   6,000

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

 

Dr.Purchase Return A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan. 19By Anurag, Kanpur A/c 5,000
Jan. 31By Balance C/d 5,000    
        
   5,000   5,000

 

Dr.Electricity Charges A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 22To CashA/c  1,000    
    Jan. 31By Balance C/d 1,000
        
   1,000   1,000

 

Dr.Telephone Charges A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 28To CashA/c  500    
    Jan. 31By Balance C/d 500
        
   500   500

 

Dr.Rent A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 29To CashA/c  800    
    Jan. 31By Balance C/d 800
        
   800   800

 

Dr.Wages A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 31To CashA/c  3,000    
    Jan. 31By Balance C/d 3,000
        
   1,000   1,000

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