Question No 32 Chapter No 8 – T.S. Grewal 11 Class

Question No. 32 - Chapter No.8 - T.S. Grewal +1 Book 2019

Question No 32 Chapter No 8

D. Chadha, Delhi commenced business on 1st January, 2018. His transactions for the month are given below. Journalise them.

2018   Rs.
Jan. 1 Commenced Business with Cash  25,000
Jan. 2 Opened Bank Account with cheque from his Savings Account 2,25,000
Jan. 3  Bought goods from Ramesh & Co. Delhi paid CGST and SGST @ 6% each  54,000
Jan. 3 Sold goods to Rajesh of Rs. 60,000. charged CGST and SGST @ 5% each   
Jan. 7 Bought goods of Rs. 65,000 from Rahul, Chennai, paid IGST  @ 12%  
Jan. 8 Paid wages in cash  8,000
Jan. 8 Sold goods to Mahesh, Kochi of Rs 60,000; charged IGST @12%  
Jan. 10 Received cheque from Rajesh (Discount allowed Rs. 1,200) 66,000
Jan. 10 Paid into Bank 66,000
Jan. 11 Paid to Ramesh & Co. (Discount received Rs 2,700) 51,300
Jan. 12 Paid rent @ 15,000 per month for three months up to March, paid CGST and SGST @ 6% each  
Jan. 15 Paid office expenses in cash  8,000
Jan. 21 Sold to Mahesh, Delhi goods of Rs 25,000 charged CGST and SGST @ 6% each  
Jan. 22 Paid office Expenses in cash  500
Jan. 22 Paid Rahul be cheque (discount Rs 3,200) 61,300
Jan. 25 Received cheque from Mahesh, Kochi (discount Rs 1,500) 65,700
Jan. 27 Mahesh, Delhi returned goods (not up to sample) 2,000
Jan. 29 Paid wages in cash  10,000
Jan. 31 Paid office expenses in cash  400
Jan. 31 Paid Salaries for the month  20,000

Solution of Question No 32 Chapter No 8: – 

In the Books of Amit Saini, Gurugram (Haryana)

Date   Particulars
L.F. Debit Credit
2018          
Jan. 1 Cash A/c Dr.   25,000  
            To Capital A/c       25,000
  (Being Commenced business with cash.)      
         
Jan. 2 Bank A/c Dr.   2,25,000  
            To Capital A/c       2,25,000
  (Being introduce further capital into business.)      
           
Jan. 3 Purchase A/c Dr.   54,000  
  Input CGST A/c Dr.   3,240  
  Input SGST A/c Dr.   3,240  
             To Cash A/c     60,480
  (Being purchased goods from Ramesh & Co., Delhi)      
         
Jan. 3 Rajesh’s A/c Dr.   67,200  
             To Sales A/c     60,000
             To Output CGST A/c     3,600
             To Output SGST A/c     3,600
  (Being goods sold to Rajesh)      
         
Jan. 7 Purchase A/c Dr.   65,000  
  Input IGST A/c Dr.   7,800  
             To Sales A/c     72,800
  (Being purchased goods from Rahul, Chennai)      
         
Jan. 8 Wages A/c Dr.   8,000  
             To Cash A/c     8,000
  (Being cheque dishonored.)      
         
Jan. 10 Bank A/c Dr.   66,000  
  Discount Allowed A/c Dr.   1,200  
             To Rajesh’s A/c     67,200
  (Being payment received with cheque and discount allowed. )      
         
Jan. 11 Ramesh & Co. A/c Dr.   54,000  
             To Cash A/c     51,300
             To Discount Received A/c     2,700
  (Being payment made to Ramesh & Co.)      
         
Jan. 12 Rent A/c Dr.   45,000  
  Input CGST A/c Dr.   2,700  
  Input SGST A/c Dr.   2,700  
             To Mohan’s A/c     50,400
  (Being Rent paid)      
           
Jan. 15 Wages A/c Dr.   8,000  
            To Cash A/c     8,000
  (Being wages paid )      
         
Jan. 15 Office Expenses A/c Dr.   700  
            To Cash A/c     700
  (Being office expenses paid )      
         
Jan. 21 Mahesh’s A/c Dr.   28,000  
              To Sales A/c     25,000
              To Cash A/c     1,500
              To Cash A/c     1,500
  (Being goods sold to Mahesh)

     
Jan. 22 Office Expenses A/c Dr.   500  
            To Cash A/c     500
  (Being office expenses paid)      
         
Jan. 22 Rahul’s A/c Dr.   64,500  
             To Bank A/c     61,300
             To Discount Received A/c     3,200
  (Being Paid Rahul by cheque)      
         
Jan. 25 Bank A/c Dr.   65,700  
  Discount Allowed A/c      1,500  
             To Mahesh, Kochi A/c     67,200
  (Being payment received with cheque and discount allowed. )      
         
Jan. 27 Sale Retuned A/c Dr.   2,000  
  Output CGST A/c Dr.   120  
  Output SGST A/c Dr.   120  
             To Barun, Chandigarh A/c     22,400
  (Being goods returned by Mahesh, Delhi)      
         
Jan. 29 Wages A/c Dr.   10,000  
            To Cash A/c     10,000
  (Being wages paid )      
         
Jan. 31 Office Expenses A/c Dr.   400  
            To Cash A/c     400
  (Being office expenses paid )      
         
Jan. 31 Salaries A/c Dr.   20,000  
            To Cash A/c     20,000
  (Being salaries paid.)      
         
 

Thanks Please share with your friends  

Comment if you have any question.

Check out perivous questions: –

Check out T.S. Grewal +1 Book 2019 ir?t=tutorstips 21&l=ur2&o=31 - Question No 32 Chapter No 8 - T.S. Grewal 11 Class@ Amazon.in

T.S. Grewals Double Entry Book Keeping - Question No 32 Chapter No 8 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.