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. 1Commenced Business with Cash 25,000
Jan. 2Opened Bank Account with cheque from his Savings Account2,25,000
Jan. 3 Bought goods from Ramesh & Co. Delhi paid CGST and SGST @ 6% each 54,000
Jan. 3Sold goods to Rajesh of Rs. 60,000. charged CGST and SGST @ 6% each  
Jan. 7Bought goods of Rs. 65,000 from Rahul, Chennai, paid IGST  @ 12% 
Jan. 8Paid wages in cash 8,000
Jan. 8Sold goods to Mahesh, Kochi of Rs 60,000; charged IGST @12% 
Jan. 10Received cheque from Rajesh (Discount allowed Rs. 1,200)66,000
Jan. 10Paid into Bank66,000
Jan. 11Paid to Ramesh & Co. (Discount received Rs 2,700)51,300
Jan. 12Paid rent @ 15,000 per month for three months up to March, paid CGST and SGST @ 6% each 
Jan. 15Paid office expenses in cash 700
Jan. 21Sold to Mahesh, Delhi goods of Rs 25,000 charged CGST and SGST @ 6% each 
Jan. 22Paid office Expenses in cash 500
Jan. 22Paid Rahul be cheque (discount Rs 3,200)61,300
Jan. 25Received cheque from Mahesh, Kochi (discount Rs 1,500)65,700
Jan. 27Mahesh, Delhi returned goods (not up to sample)2,000
Jan. 29Paid wages in cash 10,000
Jan. 31Paid office expenses in cash 400
Jan. 31Paid 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.DebitCredit
2018     
Jan. 1Cash A/cDr. 25,000 
           To Capital A/c   25,000
 (Being Commenced business with cash.)   
     
Jan. 2Bank A/cDr. 2,25,000 
           To Capital A/c   2,25,000
 (Being introduce further capital into business.)   
      
Jan. 3Purchase A/cDr. 54,000 
 Input CGST A/cDr. 3,240 
 Input SGST A/cDr. 3,240 
            To Cash A/c  60,480
 (Being purchased goods from Ramesh & Co., Delhi)   
     
Jan. 3Rajesh’s A/cDr. 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. 7Purchase A/cDr. 65,000 
 Input IGST A/cDr. 7,800 
            To Sales A/c  72,800
 (Being purchased goods from Rahul, Chennai)   
     
Jan. 8Wages A/cDr. 8,000 
            To Cash A/c  8,000
 (Being cheque dishonored.)   
     
Jan. 10Bank A/cDr. 66,000 
 Discount Allowed A/cDr. 1,200 
            To Rajesh’s A/c  67,200
 (Being payment received with cheque and discount allowed. )   
     
Jan. 11Ramesh & Co. A/cDr. 54,000 
            To Cash A/c  51,300
            To Discount Received A/c  2,700
 (Being payment made to Ramesh & Co.)   
     
Jan. 12Rent A/cDr. 45,000 
 Input CGST A/cDr. 2,700 
 Input SGST A/cDr. 2,700 
            To Mohan’s A/c  50,400
 (Being Rent paid)   
      
Jan. 15Wages A/cDr. 8,000 
           To Cash A/c  8,000
 (Being wages paid )   
     
Jan. 15Office Expenses A/cDr. 700 
           To Cash A/c  700
 (Being office expenses paid )   
     
Jan. 21Mahesh’s A/cDr. 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. 22Office Expenses A/cDr. 500 
           To Cash A/c  500
 (Being office expenses paid)   
     
Jan. 22Rahul’s A/cDr. 64,500 
            To Bank A/c  61,300
            To Discount Received A/c  3,200
 (Being Paid Rahul by cheque)   
     
Jan. 25Bank A/cDr. 65,700 
 Discount Allowed A/c   1,500 
            To Mahesh, Kochi A/c  67,200
 (Being payment received with cheque and discount allowed. )   
     
Jan. 27Sale Retuned A/cDr. 2,000 
 Output CGST A/cDr. 120 
 Output SGST A/cDr. 120 
            To Barun, Chandigarh A/c  22,400
 (Being goods returned by Mahesh, Delhi)   
     
Jan. 29Wages A/cDr. 10,000 
           To Cash A/c  10,000
 (Being wages paid )   
     
Jan. 31Office Expenses A/cDr. 400 
           To Cash A/c  400
 (Being office expenses paid )   
     
Jan. 31Salaries A/cDr. 20,000 
           To Cash A/c  20,000
 (Being salaries paid.)   
     
 

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