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Question No 4 Chapter No 9 – T.S. Grewal 11 Class

Question No. 4 - Chapter No.9 - T.S. Grewal +1 Book 2019
Question No. 4 - Chapter No.9 - T.S. Grewal +1 Book 2019

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Question No 4 Chapter No 9

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

2018 Rs.
Apr. 1Commenced Business with Cash*1,50,000
Apr. 2Opened a Bank Account with PNB*50,000
Apr. 3Purchase Furniture20,000
Apr. 7Bought goods for cash from M/s. Rupa Traders, Delhi30,000
Apr. 8Purchased goods from M/s. Hema Traders, Chandigarh42,000
Apr. 10 Cash sales 30,000
Apr. 14Sold goods on credit to M/s. Gupta Traders, Kolkata 12,000
Apr. 16Rent Paid 4,000
Apr. 18 Paid Electricity expenses*1,000
Apr. 20Received cash from Gupta Traders*12,000
Apr. 22Goods returned to Hema Traders2,000
Apr. 23Cash paid to Hema Traders*40,000
Apr. 25Bought postage stamps*100
Apr. 30Paid salary to Mohan*4,000

Intra-State transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12 %. Out of the above transactions, transactions marked(*) are not subject to levy of GST.

Solution of Question No 4 Chapter No 9: – 

In the Books of Afzal, Kolkata

Date  Particulars
L.F.DebitCredit
2018     
Apr. 1Cash A/cDr. 1,50,000 
           To Capital A/c   1,50,000
 (Being Commenced business with cash.)   
     
Apr. 2Bank – PNB A/cDr. 50,000 
           To Cash A/c   50,000
 (Being Bank account opened in PNB)   
      
Apr. 3Furniture A/cDr. 20,000 
 Input CGST A/cDr. 1,200 
 Input SGST A/cDr. 1,200 
            To Cash A/c  22,400
 (Being Furniture purchased for cash )   
     
Apr. 7Purchase A/cDr. 30,000 
 Input CGST A/cDr. 1,800 
 Input SGST A/cDr. 1,800 
            To Cash A/c  33,600
 (Being goods purchased for cash )   
     
Apr. 8Purchase A/cDr. 42,000 
 Input IGST A/cDr. 5,040 
            To M/s Hema Traders, CHD A/c  47,040
 (Being goods purchased for cash )   
     
Apr. 10Cash A/cDr. 33,600 
            To Sales A/c   30,000
            To Output CGST A/c   1,800
            To Output SGST A/c   1,800
 (Being goods sold for cash)   
     
Apr. 14M/s. Gupta Traders, Kolkata A/cDr. 13,440 
            To Sales A/c   12,000
            To Output IGST A/c   1,440
 (Being goods sold for cash)   
     
Apr. 16Rent A/cDr. 4,000 
 Input CGST A/cDr. 240 
 Input SGST A/cDr. 240 
            To Cash A/c  4,480
 (Being Rent paid to Landlord)   
     
Apr. 18Electricity Charges A/cDr. 1,000 
            To Cash A/c  1,000
 (Being Electricity Charges paid)   
     
Apr. 20Cash A/cDr. 12,000 
            To M/s Gupta Traders A/c  12,000
 (Being payment received in cash)   
     
Apr. 22M/s. Hema Traders, CHD A/cDr. 2,240 
             To Pruchase Return A/c  2,000
             To Input IGST A/c  240
 (Being goods returned)   
     
Apr. 23M/s. Hema Traders, CHD A/cDr. 40,000 
             To Cash A/c  40,000
 (Being payment made to vendor)   
      
Apr. 25Postage & stamps A/cDr. 100 
            To Cash A/c  100
 (Being cash paid for postage & stamps)   
      
Apr. 30Salary A/cDr. 4,000 
            To Cash A/c  4,000
 (Being Salary paid)   
     

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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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Capital A/c 1,50,000Apr. 2By Bank- PNB A/c 50,000
Apr. 5To Sales A/c 33,600Apr. 11By Furniture A/c 22,400
Apr. 15To M/s Gupta Traders A/c 12,000Apr. 13By Purchase A/c 33,600
    Apr. 16By Rent A/c 4,480
    Apr. 18By Electricity A/c 1,000
    Apr. 23By Hema Traders A/c 40,000
    Apr. 25By Postage & Stamps A/c 100
    Apr. 30By SalaryA/c 4,000
    Apr. 30By Balance C/d 40,020
        
   1,95,600   1,95,600

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Cash A/c 1,50,000
Apr. 30By Balance C/d 1,50,000    
        
   1,50,000   1,50,000

 

Dr.Bank – PNB A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 2To Cash A/c 50,000    
    Apr. 30By Balance C/d 50,000
        
   50,000   50,000

 

Dr.Furniture A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To Cash A/c 22,400    
    Apr. 30By Balance C/d 22,400
        
   22,400   22,400

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Dr.Purchase A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 7To Cash A/c 33,600    
Apr. 8To M/s Hema Trader, Kolkata A/c 47,040    
    Apr. 30By Balance C/d 80,640
        
   80,640   80,640

 

Dr.Sales A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 10By Cash A/c 33,600
    Apr. 14By M/s Gupta Traders, CHD A/c 13,440
Jan. 31By Balance C/d 47,040    
        
   47,040   47,040

 

Dr.M/s Hema Traders, Chandigarh 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

 

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

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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

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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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