Question No 5 Chapter No 11 – T.S. Grewal 11 Class

Question No.5 Chapter No.11 T.S. Grewal 1 Book 2019 Solution min min 1024x576 - Question No 5 Chapter No 11 - T.S. Grewal 11 Class

Question No 5 Chapter No 11

Sales Book

5. Prepare Sale Book from the following transaction of Hema Traders, Kolkata dealing in furniture. Open the Ledger Account also:

2018  
Apr.1 Sold to M/s Gupta Furniture House, Delhi:
  100 Chairs @ Rs 1,500 Per Chair
  40 Tables @ Rs 2,000 per Table 
  Less: Trade Discount @5%
  Charged IGST @12% 
Apr.10 Sold to M/s Ajit Singh & Sons, Kolkata:
  150 Desks @ Rs 1,000 Per desk
  160 Chairs @ Rs 1,500 per Cahir
  Less: Trade Discount @5% 
  Charged CGST and SGST @6% each
Apr.15 Sold to M/s Ideal Furniture House, Darjeeling
  10 Sofa sets @ Rs75,000 each 
  5 Almirahs @ Rs 3,000 each
  25 Office Table Tables @ Rs 4,000 each
  Less: Trade Discount @10%
  Charged CGST and SGST @ 6% each   

The solution of Question No 5 Chapter No 11: – 

In the Books of Gaurav, Delhi

  Sale Book 
Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Apr
             
1 M/s Gupta Furniture House, Delhi            
  100 Chairs @ Rs 1,500 per chair 1,50,000          
  40 Table @ Rs 2,000 per Table 80,000          
    2,30,000          
  Less: Trade Discount 5% 11,500          
    2,18,500          
  Add: Output IGST 26,220          
    2,44,720 2,30,000     26,220 2,44,720
               
10 M/s Ajit Singh & Sons, Kolkata :            
  150 Desks @ Rs 1,000 per Desks 1,50,000          
  160 Chair @ Rs 1,500 P
per Chair
2,40,000          
    3,90,000          
  Less: Trade Discount 5% 19,500          
    3,70,500          
  Add: Output CGST 22,230          
  Add: Output SGST 22,230          
    4,14,960 3,70,500 22,230 22,230   4,14,960
               
15 M/s Ideal Furniture House, Darjeeling :            
  10 Sofa sat @ Rs 75,000 each 7,50,000          
  5 Almirahs @ Rs 3,000 each 15,000          
  25 Office Table @ Rs 4,000 each 1,00,000          
    8,65,000          
  Less: Trade Discount@10% 86,500          
    7,78,500          
  Add: Output CGST 46,710          
  Add: Output SGST 46,710          
    8,71,920 7,78,500 46,710 46,710   8,71,920
      13,67,500 68,940 68,940 26,220 15,31,600

 

Dr. Sale A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr.1 By M/s Gupta Furniture House, Delhi A/c   2,18,500
        Apr.10 By M/s Ajit Singh & Sons, Kolkata A/c   3,70,500
        Apr.15 By M/s Ideal Furniture House, Darjeeling A/c   7,78,500
Apr. 30 By Balance C/d   13,67,500        
      13,67,500       13,67,500

 

Dr. Output CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 10  By M/s Ajit Singh & Sons Kolkata A/c   22,230
Apr. 30 To Balance C/d   68,940 Apr.15 By M/s Ideal Furniture House, Darjeeling A/c   46,710
      68,940       68,940

 

Dr. Output SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 10 By M/s Ajit Singh & Sons Kolkata A/c   22,230
Apr. 30 To Balance C/d   68,980 Apr.15 By M/s Ideal Furniture House, Darjeeling A/c   46,710
      68,940       68,940

 

Dr. Output IGST  A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To M/s Gupta Furniture House, Delhi A/c   26,220        
        Apr. 30 By Balance C/d   26,220
      26,220       26,220

 

Dr. M/s Gupta Furniture House, Delhi A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Sale A/c   2,18,500        
Apr.1 To Output IGST A/c   26,220        
        Apr. 30 By Balance C/d   2,44,720
      2,44,720       2,44,720

 

Dr. M/s Ajit Singh & Sons, Kolkata A/c Cr.  
Date Particulars
J.F. Amount Date Particulars
J.F. Amount  
2018       2018        
Apr.10 To Sale A/c   3,70,500          
Apr.10 To Output CGST A/c   22,230          
Apr.10 To Output SGST A/c   22,230          
        Apr.30 By Balance c/d
  4,14,960  
                 
      4,14,960       4,14,960  

 

Dr. m/s Ideal Furniture House, Darjeeling  A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr.15 To Sale A/c   7,78,500        
Apr.15 To Output CGST A/c   46,710        
Apr.15 To Output CGST A/c   46,710        
               
        Apr. 30 By Balance C/d   8,71,920
      8,71,920       8,71,920

 

To understand more about cash book please check out following links: –

Purchase Book | Types | Examples | Subsidiary Books

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Also, Check out the solved question of previous Chapters: –

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 5 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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