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

Question No. 7 - Chapter No.9 - T.S. Grewal +1 Book 2019

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 – 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   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

 

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

 

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

 

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

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T.S. Grewals Double Entry Book Keeping - Question No 7 Chapter No 9 - T.S. Grewal 11 Class

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