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 1024x576 - Question No 7 Chapter No 11 - T.S. Grewal 11 Class

Question No 7 Chapter No 11

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

2018  
Jan.1 Sold 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.10 Sold to M/s Sharma & Co., Delhi on credit:
  5 Almirahs @ Rs 5,000 each 
  5 Stools @ Rs 1,000 each
  Charged IGST @ 12%
*Jan.20 Sold Old typewriter fir Rs 600 to Raji & Co., Kolkata on Credit:
  Charged CGST and SGST @6% each 
Jan.25 Sold 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 
Date Particular Detail Cost
Output CGST Output SGST  Output
ISGT
 
Total
2018
Jan
             
5 Hari & co., Kolkata:            
  10 Table @ Rs 1,100 each 11,000          
  20 Chair @ Rs 1,000 each 20,000          
    31,000          
  Add: CGST 1,860          
  Add: SGST 1,860          
    34,720 31,000 1,860 1,860   34,720
10 M/s Sharma & CO., Delhi:            
  5 Almirahs @ Rs 5,000 each 25,000          
  5 Stools @ Rs 1,000 each 5,000          
    30,000          
  IGST @ 12% 3,600          
    33,600 30,000     3,600 33,600
               
25 M/s sohan Lal & Bros ., Kolkata:            
  5 Table @ Rs 2,500 each 12,500          
  1 Revolving Chair @ Rs 5,000 5,000          
    17,500          
  Add: Output CGST 1,050          
  Add: Output SGST 1,050          
    19,600 17,500 1,050 1,050   19,600
      78,500 2,910 2,910 3,600 87,920

 

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

 

Dr. Output CGST A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jun. 5

To Hari & Co., Kolkata A/c

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

 

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

 

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

 

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

 

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

 

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

* 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. Grewals Double Entry Book Keeping - Question No 7 Chapter No 11 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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