Question No 7 Chapter No 9 - T.S. Grewal 11 Class

Question No 7 Chapter No 9

On 1st Apr,2018,the following were the ledger balance of M/s . Ram & co., Delhi:
Cash in hand Rs 300; Cash in Bank Rs 7,000; Bills Payable Rs1,000; Zahir (Dr)Rs 800;Stock Rs 4,000;
Gobind (Cr)Rs 2,000;Sharma (Dr)Rs 2,000;Rahul(Cr)Rs 900;Capital Rs 9,700
Transactions during the month of April, 2018 were:

2018		Rs.
Apr-02	Bought goods from Gobind ,Delhi	900
Apr-03	Sold goods to sharma , Kanpur	1,000
Apr-05	Bought goods from Rahul, Delhi	1,200
Apr-08	Sold goods to Zahir, Kolkata	500
Apr-15	Paid Gobind by cheque	1,500
Apr-18	Received from sharma a cheque of	2,000
	Allowed him discount*	50
Apr-20	Sold goods to Sharma, Kanpur	800
Apr-20	Paid rent by cheque	200
Apr-25	Sold goods to Zahir , Kolkata	1,000
Apr-30	Paid salaries in cash	300

Inter-state transactions are subject to levy of IGST@12% and Inter-state transactions are subject to levy of CGST and SGST@6% each GST is not levied on transactions marked with (*)
Pass the above transactions to the ledger and prepare the trial balance on 30th Apr, 2018

Solution of Question No 7 Chapter No 9: –

In the Books of M/s Ram, Delhi

Date	Particulars		L.F.	Debit	Credit
2018
Apr. 1	Cash A/c	Dr.		300
	Bank A/c	Dr.		7,000
	Zahir A/c	Dr.		800
	Stock A/c	Dr.		4,000
	Sharma A/c	Dr.		1,500
	To Gobind A/c				2,000
	To Bills Payable A/c				1,000
	To Rahul A/c				900
	To Capital A/c				9,700
	(Being Opening balance transfer to current year)

Apr. 2	PurchaseA/c	Dr.		900
	Input CGST A/c	Dr.		54
	Input SGST A/c	Dr.		54
	To Gobind, Delhi A/c				1,008
	(Being goods returned by Gobind )

Apr. 3	Sharma, Kanpur A/c	Dr.		1,120
	To Sale A/c				1,000
	To Output IGST A/c				120
	(Being Goods sold to sharma, Kanpur)

Apr. 5	Purchase A/c	Dr.		1,200
	Input CGST A/c	Dr.		72
	Input SGST A/c	Dr.		72
	To Rahul, Delhi A/c				1,344
	(Being Goods Purchase from Rahul, Delhi )

Apr. 15	Gobind, Delhi A/c	Dr.		1,500
	To Bank A/c				1,500
	(Being payment made to Gobind by cheque .)
Apr. 18	Bank A/c	Dr.		2000
	Discount allowed A/c	Dr.		50
	To Sharma A/c				2050
	(Being payment received from Sharma)

Apr. 20	Sharma, Kanpur A/c	Dr.		896
	To Sale A/c				800
	To Output IGST A/c				96
	(Being Goods sold to Sharma)

Apr. 20	RentA/c	Dr.		200
	To Bank A/c				200
	(Being Rent Paid by cheque )

Apr. 25	Zahir, Kolkata A/c	Dr.		1,120
	To Sale A/c				1,000
	To Output IGST A/c				120
	(Being Goods sold to Zahir Kolkata .)

Apr. 20	Salaries A/c	Dr.		300
	To Cash A/c				300
	(Being Salaries paid by cash )

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

What is Ledger in accounting – explain its Types

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		300	Apr. 10	By Salaries A/c		300

			300				300

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Balance B/d		9,700
Apr. 30	By Balance C/d		9,700

			9,700				9,700

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

			1,000				1,000

Advertisement-X

Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Gobind, Delhi A/c		9,000
Apr. 5	To Rahul, Delhi A/c		1,200
				Apr. 30	By Balance C/d		2,100

			2,100				2,100

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 3	By Sharma, Kanpur A/c		1,000
				Apr. 8	By Zahir, Kolkata A/c		500
				Apr. 20	By Sharma, Kanpur A/c		800
				Apr. 25	By Zahir, Kolkata A/c		1,000
Apr. 30	By Balance C/d		3,300

			3,300				3,300

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		4,000
				Apr. 30	By Balance C/d		4,000

			4,000				4,000

Dr.	Gobind A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 15	To Bank		1,500	Apr. 1	By Balance b/d A/c		9,700
				Apr. 2	By Purchase A/c		900
				Apr. 2	By Input CGST A/c		54
				Apr. 2	By Input SGST A/c		54
Apr. 30	By Balance C/d		9,208

			10,708				10,708

Dr.	Sharma, Kanpur A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		1,500	Apr. 18	By BankA/c		2,000
Apr. 3	To Sale A/c		1,000	Apr. 18	By Discount allowed A/c		50
Apr. 3	To Output IGST A/c		120
Apr. 20	To Sale A/c		800
Apr. 20	To Output IGST A/c		96
				Apr. 30	By Balance C/d		1,466

			3,516				3,516

Dr.	Zahir, Kanpur A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		800
Apr. 8	To Sale A/c		500
Apr. 8	To Output IGST A/c		60
Apr. 25	To Sale A/c		1,000
Apr. 25	To Output IGST A/c		120
				Apr. 30	By Balance C/d		2,480

			2,480				2,480

Dr.	Rahul, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By balance b/d		900
				Apr. 5	By Purchase A/c		1,200
				Apr. 5	By Purchase A/c		72
				Apr. 5	By Purchase A/c		72
Apr. 30	By Balance C/d		2,244

			2,244				2,244

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 20	To Bank A/c		200
				Apr. 30	By Balance C/d		200

			200				200

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 30	To Cash A/c		300
				Apr. 30	By Balance C/d		300

			60,000				60,000

Advertisement-Y

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Gobind, Delhi A/c		54
Apr. 15	To Rahul, Delhi A/c		74
				Apr. 30	By Balance C/d		128

			128				128

Advertisement-X

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Gobind, Delhi A/c		54
Apr. 15	To Rahul, Delhi A/c		74
				Apr. 30	By Balance C/d		128

			128				128

Dr.	Output IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 6	To Ram, Delhi A/c		60	Apr. 3	By Sharma ,Kanpur A/c		120
				Apr. 8	By Zahir ,Kolkata A/c		60
				Apr. 20	By Sharma ,Kanpur A/c		96
				Apr. 25	By Zahir ,Kolkata A/c		120
Apr. 30	To Balance C/d		396
			396				396

Trial Balance
Particulars	L.F.	Debit	Credit
Capital A/c			9,700
Bill Payables A/c			1,000
Purchases A/c		2,100
Sale A/c			3,300
Opening Stock A/c		4,000
Gobind, Delhi A/c			1,508
Bank A/c		7,300
Sharma, Kanpur A/c		1,466
Zahir, Kolkata A/c		2,480
Rahul, Delhi A/c			2,244
Rent A/c		200
Salary A/c		300
Discount Allowed A/c		50
Input CGST A/c		126
Input SGST A/c		126
Output IGST A/c			396
		18,148	18,148

Thanks Please share with your friends

Comment if you have any question.

Check out previous questions: –

T.S. Grewal’s Double Entry Book Keeping

Question No 7 Chapter No 9 – T.S. Grewal 11 Class

Solution of Question No 7 Chapter No 9: –

Related