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Question No 7 Chapter No 11 – T.S. Grewal 11 Class

Question No.7 - Chapter No.11 - T.S. Grewal +1 Book 2019-Solution-min-min

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Question No 7 Chapter No 11

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7. From the following particulars, prepare Sales book of Gupta & Co., Kolkata who deals in furniture:

2018 
Jan.1Sold on credit to Hari & Co., Kolkata:
 10 Table @ Rs 1,100 each
 20 Chair @ Rs 1,000 each
 Charged CGST and SGST @ 6% each
Jan.10Sold to M/s Sharma & Co., Delhi on credit:
 5 Almirahs @ Rs 5,000 each 
 5 Stools @ Rs 1,000 each
 Charged IGST @ 12%
*Jan.20Sold Old typewriter fir Rs 600 to Raji & Co., Kolkata on Credit:
 Charged CGST and SGST @6% each 
Jan.25Sold to M/s Sohan Lal & Bros., Kolkata On credit:
 5 Table @ Rs 2,500 each
 1 Revolving Chair @ Rs 5,000
 Charged CGST and SGST @ 6% each

Write up the Ledger Account

The solution of Question No 7 Chapter No 11: – 

In the Books of Gaurav, Gupta & Co., Kolkata  

 Sale Book 
DateParticularDetailCost
Output CGSTOutput SGST Output
ISGT
 
Total
2018
Jan
       
5Hari & co., Kolkata:      
 10 Table @ Rs 1,100 each11,000     
 20 Chair @ Rs 1,000 each20,000     
  31,000     
 Add: CGST1,860     
 Add: SGST1,860     
  34,72031,0001,8601,860 34,720
10M/s Sharma & CO., Delhi:      
 5 Almirahs @ Rs 5,000 each25,000     
 5 Stools @ Rs 1,000 each5,000     
  30,000     
 IGST @ 12%3,600     
  33,60030,000  3,60033,600
        
25M/s sohan Lal & Bros ., Kolkata:      
 5 Table @ Rs 2,500 each12,500     
 1 Revolving Chair @ Rs 5,0005,000     
  17,500     
 Add: Output CGST1,050     
 Add: Output SGST1,050     
  19,60017,5001,0501,050 19,600
   78,5002,9102,9103,60087,920

 

Dr.Sale A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Jan.5By M/s Hari & Co., Kolkata A/c 31,000
    Jan.10By M/s Sharma & Co., Delhi A/c 30,000
    Jan.25By M/s Sohan Lal & Bros., Kolkata A/c 17,500
Jan. 30To Balance C/d 78,500    
   78,500   78,500

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Dr.Output CGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jun. 5

To Hari & Co., Kolkata A/c

 1,860    
Jan.25To M/s Sohan Lal & Bros., Kolkata A/c 1,050Jan. 30By Balance C/d 2,910
   2,910   2,910

 

Dr.Output SGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan.5To Hari & Co., Kolkata A/c 1,860    
Jan.25To M/s Sohan Lal & Bros., Kolkata A/c 1,050Jan. 30By Balance C/d 2,910
   2,910   2,910

 

Dr.Output IGST  A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan.15To M/s Sharma & Co., Delhi A/c 3,600    
    Jan.30By Balance C/d 3,600
   3,600   3,600

 

Dr.Hari & Co., Kolkata A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Jan. 5To Sale A/c 31,000    
Jan.5To Output CGST A/c 1,860    
Jan.5To Output SGST A/c 1,860    
    Jan. 30By Balance C/d 34,720
   34,720   34,720

 

Dr.M/s Sharma & Co., Delhi A/cCr. 
DateParticulars
J.F.AmountDateParticulars
J.F.Amount 
2018   2018    
Apr.10To Sale A/c 30,000     
Apr.10To Output IGST A/c 3,600     
    Apr.30By Balance c/d
 33,600 
         
   33,600   33,600 

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Dr.M/s Sohan lal & Bros ., Kolkata A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr.15To Sale A/c 17,500    
Apr.15To Output CGST A/c 1,050    
Apr.15To Output CGST A/c 1,050    
    Apr. 30By Balance C/d 19,600
   19,600   19,600

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* Sold Old typewriter fir Rs 600 to Raji & Co., Kolkata on Credit:
Charged CGST and SGST @6% each

In this transaction, the typewriter will be treated as an Sale for the business this is not a good because business deal with Furniture, So only Sale of Furniture goods are record in the Sale book so it will not be recorded in the Sale book

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. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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