Question No 6 Chapter No 9 – T.S. Grewal 11 Class

Question No. 6 - Chapter No.9 - T.S. Grewal +1 Book 2019

Question No 6 Chapter No 9

Following balance appeared in books of Ashok, Delhi on 1st Apr, 2018
Assets: Cash RS 50,000; Stock RS 30,000; Debtor-Ram RS 50,000; Machinery RS 60,000
Liabilities : Creditor – Rajesh RS 30,000
The following transactions took place in Apr, 2018;

2018   Rs.
Apr-04 Sold goods for cash 7,000
Apr-06 Goods returned by ram, Delhi 1,000
Apr-10 Purchased goods from Rajesh, Jaipur(Rajasthan) of price RS 10,000 for 9,000
Apr-15 Bought goods at list price of RS 15,000 from Rakesh, Kolkata less 10% trade discount and 5% cash discount and paid 40% price immediately  
Apr-20 Paid to Rajesh in full settlement of his account* 38,600
Apr-25 Paid for the life insurance of the proprietor* 500
Apr-30 Received for commission  2,000

CGST and SGST @6% each is levied on inter-state transactions and IGST is levied @12% on inter-state transactions . Transactions marked(*)are not subject to levy of GST
Pass journal entries for the above transactions, post them into the ledger and prepare the trial balance on 30th Apr, 2018

Solution of Question No 6 Chapter No 9: – 

In the Books of Ashok, Delhi

Date   Particulars
L.F. Debit Credit
2018          
Apr. 1 Cash A/c Dr.   50,000  
  Stock A/c Dr.   30,000  
  Debtor-Ram A/c Dr.   50,000  
  Machinery A/c Dr.   60,000  
            To Creditor- Rajesh A/c       30,000
            To Capital A/c       1,60,000
  (Being Opening balance transfer to current year)      
         
Apr. 4 Cash A/c Dr.   7,840  
            To Sale A/c       7,000
            To Output CGST A/c     420
            To Output SGST A/c     420
  (Being goods sold for cash)      
           
Apr. 6 Sale Return A/c Dr.   1,000  
  Output CGST A/c Dr.   60  
  Output SGST A/c Dr.   60  
             To Ram, Delhi A/c     1,120
  (Being goods returned by Ram, Delhi)      
         
Apr. 10 Purchase A/c Dr.   9,000  
  Input IGST A/c Dr.   1,080  
             To Rajesh, Jaipur A/c     10,080
  (Being Goods purchased from Rajesh, Jaipur(Rajasthan) )      
         
Apr. 15 Purchase A/c Dr.   13,500  
  Input IGST A/c Dr.   1,620  
             To Rakesh, Kolkata A/c        9,072
             To Cash A/c       5,746
             To Discount received A/c       302
  (Being Goods Purchase from Rakesh. Purchase and IGST amount in Credit amount : – 9072 = 8100-972 and cash amount :- 5746 = 5098 – 648.)      
         
Apr. 20 Rajesh, Jaipur A/c Dr.   40,080  
             To Cash A/c       38,600
             To Discount received A/c     1,480
  (Being payment made to Rajesh, Jaipur)      
         
Apr. 25 Drawing A/c Dr.   500  
             To Cash A/c     500
  (Being Life Insurance premium of the proprietor paid .)      
         
Apr. 30 Cash A/c Dr.   2,240  
             To Commission received A/c     2,000
             To Output CGST A/c     120
             To Output SGST A/c     120
  (Being Commission received )      
         

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 balance b/d A/c   50,000 Apr. 10 By Purchase A/c   5,746
Apr. 4 To Sales A/c   7,000 Apr. 11 By Rajesh, Jaipur A/c   38,600
Apr. 4 To Output CGST A/c   420 Apr. 13 By Drawing A/c   500
Apr. 4 To Output SGST A/c   420        
Apr. 15 To Commission received A/c   2,000        
Apr. 15 To Output CGST A/c   420        
Apr. 15 To Output SGST A/c   420        
        Apr. 30 By Balance C/d   15,234
               
      60,080       60,080

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance B/d   1,60,000
Apr. 30 By Balance C/d   1,60,000        
               
      1,60,000       1,60,000

 

Dr. Sale return A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 6 To Ram, Delhi A/c   1,000        
        Apr. 30 By Balance C/d   1,000
               
      500       500

 

Dr. Purchase A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 10 To Rajesh, Jaipur A/c   9,000        
Apr. 15 To Rakesh, Kolkata A/c   8,100        
Apr. 15 To Cash A/c   5,098        
Apr. 15 To Discount received A/c   302        
        Apr. 30 By Balance C/d   22,500
               
      22,500       22,500

 

Dr. Sales A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 10 By Cash A/c   7,000
Apr. 30 By Balance C/d   7,000        
               
      7,000       7,000

 

Dr. Stock A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance B/d   30,000        
        Apr. 30 By Balance C/d   30,000
               
      30,000       30,000

 

Dr. Machinery A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance B/d   60,000        
        Apr. 30 By Balance C/d   60,000
               
      60,000       60,000

 

Dr. Debtors – Ram A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance B/d   50,000 Apr. 6 By Sale return A/c   1,000
        Apr. 6 By Output CGST A/c   60
        Apr. 6 By Output SGST A/c   60
        Apr. 30 By Balance C/d   48,880
               
      60,000       60,000

 

Dr. Creditor – Rajesh A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 11 To Cash A/c   38,600 Apr. 1 By Balance B/d   30,000
Apr. 11 To Discount received A/c   1,400 Apr. 6 By Purchase A/c   9,000
        Apr. 6 By Input IGST A/c    1,080
               
      40,080       40,080

 

Dr. Creditor – Rakesh, Kolkata A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 6 By Purchase A/c   302
        Apr. 6 By Rajesh, Jaipur A/c    1,480
Apr. 30 By Balance C/d   1,782        
      1,782       1,782

 

Dr. Creditor – Rakesh, Kolkata A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 6 By Purchase A/c   8,100
        Apr. 6 By Input IGST A/c    972
Apr. 30 By Balance C/d   9,072        
      9,072       9,072

 

Dr. Drawing A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 25 To Cash A/c   500        
        Apr. 30 By Balance C/d   500
               
      500       500

 

Dr. Commission Received A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 30 By Cash A/c   2,000
Apr. 30 To Balance C/d   2,000        
      2,000       2,000

 

Dr. Output CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 6 To Ram, Delhi A/c   60 Apr. 4 By Cash A/c   420
        Apr. 30 By Cash A/c   120
               
Apr. 30 To Balance C/d   480        
      540       540

 

Dr. Output SGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 6 To Ram, Delhi A/c   60 Apr. 4 By Cash A/c   420
        Apr. 30 By Cash A/c   120
               
Apr. 30 To Balance C/d   480        
      540       540

 

Dr. Input IGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 10 To Rajesh, Jaipur A/c   1,080        
Apr. 15 To Rakesh, Kolkata A/c   972        
Apr. 15 To Cash A/c   648        
        Apr. 30 By Balance C/d   2,700
               
      2,700       2,700

 

Trial Balance 
Particulars
L.F. Debit Credit
Cash A/c   15,234  
Capital A/c     1,60,000
Purchases A/c   22,500  
Sale A/c     7,000
Opening Stock A/c   30,000  
Machinery A/c   60,000  
Sale return A/c   1,000  
Debtor – Ram A/c   48,880  
Discount received A/c     1,782
Rakesh, Kolkata A/c     9,072
Drawing A/c   500  
Commission received A/c     2,000
Input IGST A/c   2,700  
Output CGST A/c     480
Output SGST A/c     480
    1,80,814 1,80,814

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