Question No 5 Chapter No 9 – T.S. Grewal 11 Class

Question No. 5 - Chapter No.9 - T.S. Grewal +1 Book 2019

Question No 5 Chapter No 9

5. Journalise the following transactions in the Journal of M/s Gupta Brothers(Prop. Shri R.K. Gupta) Delhi and Post them to the ledger:

2018   Rs.
Mar. 1 Started Business with cash* 2,00,000
Mar. 2 Opened a Bank Account with SBI* 80,000
Mar. 4 Goods Purchased from Raj, Jaipur (Rajasthan) 22,000
Mar. 5 Goods purchased for cash  30,000
Mar. 8 Goods Sold to Naman, Delhi 12,000
Mar. 10  Cash paid to Raj* 22,000
Mar. 15 Cash received from Naman* 11,700
  Discount Allowed  300
Mar. 16 Paid wages* 200
Mar. 18 Furniture purchased for office use 5,000
Mar. 20 Withdrawn from bank for personal use* 4,000
Mar. 22 Issued cheque for rent 3,000
Mar. 23 Goods taken for household purpose. These goods were purchased from Raj 2,000
Mar. 24 Drawn cash from bank for office use* 6,000
Mar. 26 Commission received charges  1,000
Mar. 27 Bank charges  300
Mar. 28 Cheque issued for life insurance premium of Proprietor* 3,000
Mar. 29 Paid Salary* 10,000
Mar. 30 Cash Sales  20,000

Inter-State transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with(*).

Solution of Question No 5 Chapter No 9: – 

In the Books of M/s Gupta Brothers(Prop. Shri R.K. Gupta) Delhi

Date   Particulars
L.F. Debit Credit
2018          
Mar. 1 Cash A/c Dr.   2,00,000  
            To Capital A/c       2,00,000
  (Being Commenced business with cash.)      
         
Mar. 2 Bank – SBI A/c Dr.   80,000  
            To Cash A/c       80,000
  (Being Bank account opened in SBI)      
           
Mar. 3 PurchasesA/c Dr.   22,000  
  Input IGST A/c Dr.   2,640  
             To Raj, Jaipur A/c     24,640
  (Being Furniture purchased for cash )      
         
Mar. 5 Purchase A/c Dr.   30,000  
  Input CGST A/c Dr.   1,800  
  Input SGST A/c Dr.   1,800  
             To Cash A/c     33,600
  (Being goods purchased for cash )      
         
Mar. 8 Naman, Delhi A/c Dr.   13,440  
             To Sales A/c       12,000
             To Output CGST A/c       720
             To Output SGST A/c       720
  (Being goods Sold to Naman, Delhi)      
         
Mar. 10 Raj, Jaipur A/c Dr.   22,000  
             To Cash A/c       22,000
  (Being payment made to Raj)      
         
Mar. 15 Cash A/c Dr.   11,700  
  Discount Allowed A/c Dr.   300  
             To Naman, Delhi A/c     12,000
  (Being payment received in cash)      
         
Mar. 16 Wages A/c Dr.   5,000  
             To Cash A/c     5,000
  (Being wages paid)      
         
Apr. 16 Furniture A/c Dr.   4,000  
  Input CGST A/c Dr.   240  
  Input SGST A/c Dr.   240  
             To Cash A/c     4,480
  (Being Rent paid to Landlord)      
         
Mar. 20 Drawing A/c Dr.   1,000  
             To Cash A/c     1,000
  (Being wages paid)      
         
Mar. 22 Rent A/c Dr.   3,000  
  Input CGST A/c Dr.   180  
  Input SGST A/c Dr.   180  
             To Bank A/c     3,360
  (Being rent paid by cheque)      
         
Mar. 23 Drawing A/c Dr.   2,240  
             To Purchase A/c     2,000
             To Input IGST A/c     240
  (Being goods taken for household purpose)      
         
Mar. 24 Cash A/c Dr.   6,000  
             To Bank A/c     6,000
  (Being cash withdrawal from bank for office use)      
         
Mar. 26 Cash A/c Dr.   1,000  
             To Commission received A/c     1,000
  (Being payment received in cash for commission)      
         
Mar. 27 Bank Charges A/c Dr.   300  
             To Bank A/c     300
  (Being bank charges deducted by bank)      
         
Mar. 28 DrawingA/c Dr.   3,000  
             To Bank A/c     3,000
  (Being life insurance premium paid of proprietor’s life)      
         
Mar. 29 Salary A/c Dr.   10,000  
             To Cash A/c     10,000
  (Being bank charges deducted by bank)      
           
Mar. 30 Cash A/c Dr.   22,400  
             To Sales A/c       20,000
             To Output CGST A/c       1,200
             To Output SGST A/c       1,200
  (Being goods Sold for cash)      
         

To clear the meaning of Ledger and Ledger balancing Click below: 

What is Ledger – Explained with Example

Ledger balancing or Closing of ledger account | Ledger
 
Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Capital A/c   1,50,000 Apr. 2 By Bank- PNB A/c   50,000
Apr. 5 To Sales A/c   33,600 Apr. 11 By Furniture A/c   22,400
Apr. 15 To M/s Gupta Traders A/c   12,000 Apr. 13 By Purchase A/c   33,600
        Apr. 16 By Rent A/c   4,480
        Apr. 18 By Electricity A/c   1,000
        Apr. 23 By Hema Traders A/c   40,000
        Apr. 25 By Postage & Stamps A/c   100
        Apr. 30 By SalaryA/c   4,000
        Apr. 30 By Balance C/d   40,020
               
      1,95,600       1,95,600

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Cash A/c   1,50,000
Apr. 30 By Balance C/d   1,50,000        
               
      1,50,000       1,50,000

 

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

 

Dr. Furniture A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 3 To Cash A/c   22,400        
        Apr. 30 By Balance C/d   22,400
               
      22,400       22,400

 

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

 

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

 

Dr. M/s Hema Traders, Chandigarh A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 15 To Sales A/c   6,000        
        Jan. 31 By Balance C/d   6,000
               
      6,000       6,000

 

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

 

Dr. Purchase Return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Jan. 19 By Anurag, Kanpur A/c   5,000
Jan. 31 By Balance C/d   5,000        
               
      5,000       5,000

 

Dr. Electricity Charges A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 22 To CashA/c   1,000        
        Jan. 31 By Balance C/d   1,000
               
      1,000       1,000

 

Dr. Telephone Charges A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 28 To CashA/c   500        
        Jan. 31 By Balance C/d   500
               
      500       500

 

Dr. Rent A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 29 To CashA/c   800        
        Jan. 31 By Balance C/d   800
               
      800       800

 

Dr. Wages A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 31 To CashA/c   3,000        
        Jan. 31 By Balance C/d   3,000
               
      1,000       1,000

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T.S. Grewals Double Entry Book Keeping - Question No 5 Chapter No 9 - T.S. Grewal 11 Class

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