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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 - T.S. Grewal +1 Book 2019

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Question No 7 Chapter No 9

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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-02Bought goods from Gobind ,Delhi900
Apr-03Sold goods to sharma , Kanpur1,000
Apr-05Bought goods from Rahul, Delhi1,200
Apr-08Sold goods to Zahir, Kolkata500
Apr-15Paid Gobind by cheque1,500
Apr-18Received from sharma a cheque of2,000
 Allowed him discount*50
Apr-20Sold goods to Sharma, Kanpur800
Apr-20Paid rent by cheque200
Apr-25Sold goods to Zahir , Kolkata1,000
Apr-30Paid salaries in cash300

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.DebitCredit
2018     
Apr. 1Cash A/cDr. 300 
 Bank A/cDr. 7,000 
 Zahir A/cDr. 800 
 Stock A/cDr. 4,000 
 Sharma A/cDr. 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. 2PurchaseA/cDr. 900 
 Input CGST A/cDr. 54 
 Input SGST A/cDr. 54 
            To Gobind, Delhi A/c  1,008
 (Being goods returned by Gobind )   
     
Apr. 3Sharma, Kanpur A/cDr. 1,120 
           To Sale A/c   1,000
           To Output IGST A/c  120
 (Being Goods sold to sharma, Kanpur)   
      
Apr. 5Purchase A/cDr. 1,200 
 Input CGST A/cDr. 72 
 Input SGST A/cDr. 72 
            To Rahul, Delhi A/c  1,344
 (Being Goods Purchase from Rahul, Delhi )   
     
Apr. 15Gobind, Delhi A/cDr. 1,500 
           To Bank A/c   1,500
 (Being payment made to Gobind by cheque .)

   
Apr. 18Bank A/cDr. 2000 
 Discount allowed A/cDr. 50 
            To Sharma A/c  2050
 (Being payment received from Sharma)   
     
Apr. 20Sharma, Kanpur A/cDr. 896 
           To Sale A/c   800
           To Output IGST A/c  96
 (Being Goods sold to Sharma)   
      
Apr. 20RentA/cDr. 200 
            To Bank A/c  200
 (Being Rent Paid by cheque )   
     
Apr. 25Zahir, Kolkata A/cDr. 1,120 
           To Sale A/c   1,000
           To Output IGST A/c  120
 (Being Goods sold to Zahir Kolkata .)   
      
Apr. 20Salaries A/cDr. 300 
            To Cash A/c  300
 (Being Salaries paid by cash )   
     

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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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To balance b/d A/c 300Apr. 10By Salaries A/c 300
        
   300   300

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Balance B/d 9,700
Apr. 30By Balance C/d 9,700    
        
   9,700   9,700

 

Dr.Bill Payable A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Balance B/d 1,000
Apr. 30By Balance C/d 1,000    
        
   1,000   1,000

 

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

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

 

Dr.Stock A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 4,000    
    Apr. 30By Balance C/d 4,000
        
   4,000   4,000

 

Dr.Gobind A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 15To Bank  1,500Apr. 1By Balance b/d A/c 9,700
    Apr. 2By Purchase A/c 900
    Apr. 2By Input CGST A/c 54
    Apr. 2By Input SGST A/c 54
Apr. 30By Balance C/d 9,208    
        
   10,708   10,708

 

Dr.Sharma, Kanpur A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To balance b/d 1,500Apr. 18By BankA/c 2,000
Apr. 3To Sale A/c 1,000Apr. 18By Discount allowed A/c 50
Apr. 3To Output IGST A/c 120    
Apr. 20To Sale A/c 800    
Apr. 20To Output IGST A/c 96    
    Apr. 30By Balance C/d 1,466
        
   3,516   3,516

 

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

 

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

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Dr.Rent A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 20To Bank A/c 200    
    Apr. 30By Balance C/d 200
        
   200   200

 

Dr.Salaries A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 30To Cash A/c 300    
    Apr. 30By Balance C/d 300
        
   60,000   60,000

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

 

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

 

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

 

Trial Balance 
Particulars
L.F.DebitCredit
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
  18,14818,148

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T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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