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

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 )

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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

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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

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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

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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

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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

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

Solution of Question No 6 Chapter No 9: –

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