Question No 8 Chapter No 9 - T.S. Grewal 11 Class

Question No 8 Chapter No 9

You are to open the books of Rajesh Prabhu, Gurugram(Haryana) a trader, through the journal to record the assets and liabilities and then to record the daily transactions for the month of April, 2018.A Trail Balance is to be extracted as on 30th April, 2018:

2018		Rs.
Apr-01	Assets : Premises Rs2,00,000;DeliveryVan Rs50,000; Stock Rs75,000;Debtors; Hariharan Rs30,000 Rajhans Rs 50,000; Cash in Bank Rs 45,000Cash in handRs30,000
	Liabilities: Creditors: Jawahar Rs1,00,000; Vikas Rs45,000; Telephone Expenses Payable Rs4,000 Output CGST Rs240; Output SGST Rs240;Electricity Expenses Payable Rs4,520;salaries payable Rs7,000.
Apr-01	Paid rent by cheque	5,000
Apr-02	Goods purchased on Credit to Prabhat, Delhi Rs15,000;Rajan, Delhi Rs 8,000; Passi, Delhi Rs7,000
Apr-03	Goods sold on Credit to Rakesh, Gurugram Rs17,000; Devender, Delhi Rs 25,000;
	Paid Telephone Bills, CGST and SGST by cheque
Apr-04	Paid the Bill of petrol expenses for delivery van*	5,700
Apr-05	Cash drawings by Rajesh Prabhu*	4,000
Apr-07	Paid salaries for the month of March,2018*	8,000
Apr-09	Cash sales	5,000
Apr-11	Goods returned by Rakesh Rs5,000; Devender RS 1,000
Apr-12	Received cheques from debtors: Hariharan Rs20,000; RaihansRs40,000*
Apr-16	Goods returned to Prabhat Rs 4,000; Rajan Rs 1,000
Apr-20	Cheques issued to creditors: Jawahar Rs50,000; Vikas Rs 10,000*
Apr-22	Received cheque from Hariharan Rs10,000; Rajhans Rs 10,000; Rakesh Rs 10,000; Devender Rs5,000;chques received from Rakesh and Devender are dated 25th May,2018*	`
Apr-24	Cheques from Rakesh and devender were discounted form bank paying interest@10%*
Apr-25	Received cash from Devender in full settlement*	21,000

Inter-State transactions are subject to levy of IGST@12% and Intra-state transactions are subject to levy of CGST and SGST @6% each. GST is not levied on transactions marked with (*)

Solution of Question No 8 Chapter No 9: –

In the Books of Rajesh Prabhu, Gurugram (Haryana)

Date	Particulars		L.F.	Debit	Credit
2018
Apr. 1	Cash A/c	Dr.		30,000
	Stock A/c	Dr.		75,000
	Debtor-Hariharan A/c	Dr.		30,000
	Premises A/c	Dr.		2,00,000
	Delivery Van A/c	Dr.		50,000
	Fixtures A/c	Dr.		5,000
	Debtor–Rajhans A/c	Dr.		50,000
	Bank A/c	Dr.		45,000
	To Creditor- Jawahar A/c				1,00,000
	To Creditor-Vikas A/c				45,000
	To Telephone Expenses Payable A/c				4,000
	To Electricity Expenses Payable A/c				4,520
	To Outstanding Salaries A/c				7,000
	To Output CGST A/c				240
	To Output SGST A/c				240
	To Capital A/c				3,24,000
	(Being Opening balance transfer to current year)

Apr. 2	Rent A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Bank A/c				5,600
	(Being Rent Paid by cheque)

Apr. 2	Purchase A/c	Dr.		15,000
	Input IGST A/c	Dr.		1,800
	To Prabhat, Delhi A/c				16,800
	(Being Goods Purchase from Prabhat, Delhi)

Apr. 2	Purchase A/c	Dr.		8,000
	Input IGSTA/c	Dr.		960
	To Rajan , Delhi A/c				8,960
	(Being Goods Purchase from Prabhat, Delhi )

Apr. 2	Purchase A/c	Dr.		7,000
	Input IGSTA/c	Dr.		840
	To Passi, Delhi A/c				7,840
	(Being Goods Purchase from Passi, Delhi )

Apr. 3	Rakesh, Gurugram A/c	Dr.		19,040
	To Sale A/c				17,000
	To Output CGST A/c				1,020
	To Output SGST A/c				1,020
	(Being Goods Sold to Rakesh, Gurugram)

Apr. 3	Devender, Delhi A/c	Dr.		28,000
	To Sale A/c				25,000
	To Output IGST A/c				3,000
	(Being Goods Sold to Devender, Delhi)

Apr. 3	Telephone Expenses Payable A/c	Dr.		4000
	Output CGST A/c	Dr.		240
	Output SGST A/c	Dr.		240
	To Bank A/c				4,480
	(Being Telephone bill, Output CGST, Output SGST Paid by cheque)

Apr. 4	Vehicle Running Expenses A/c	Dr.		5,700
	To Cash A/c				5,700
	(Being Bill of petrol paid by cash)

Apr. 5	Drawing A/c	Dr.		4,000
	To Cash A/c				4,000
	(Being Goods Sold to Rakesh, Gurugram)

Apr. 7	Outstanding Salaries A/c	Dr.		1,120
	To Cash A/c				1,000
	(Being Outstanding Salaries paid in Cash )

Apr. 9	Cash A/c	Dr.		5,300
	To Sale A/c				5,000
	To Output CGST A/c				300
	To Output SGST A/c				300
	(Being cash Sale made)

Apr. 11	Sale Return A/c	Dr.		5,000
	Output CGST A/c	Dr.		300
	Output SGST A/c	Dr.		300
	To Rajesh, Gurugram A/c				5,600
	(Being Goods Return by Rakesh, Gurugram)

Apr. 11	Sale Return A/c	Dr.		1,000
	Output IGST A/c	Dr.		120
	To Devender, Delhi A/c				1,120
	(Being Goods Return by Devender, Delhi)

Apr. 12	Bank A/c	Dr.		60,000
	To Hariharan A/c				20,000
	To Rajhans A/c				40,000
	(Being Cheque received from Hariharan and Rajhans)

Apr. 16	Prabhat, Delhi A/c	Dr.		4,480
	To Purchases Return A/c				4,000
	To Input IGST A/c				480
	(Being Goods Return to Prabhat, Delhi )

Apr. 16	Rajan, Delhi A/c	Dr.		4,480
	To Purchases Return A/c				4,000
	To Input IGST A/c				480
	(Being Goods Return to Rajan, Delhi )

Apr. 20	Jawahar A/c	Dr.		50,000
	Vikas A/c	Dr.		10,000
	To Bank A/c				60,000
	(Being Cheque Issued to Jawahar and Vikas )

Apr. 22	Bank A/c	Dr.		20,000
	To Hariharan A/c				10,000
	To Rajhans A/c				10,000
	(Being Cheque received from Hariharan and Rajhans)

Apr. 22	Cheque in Hands A/c	Dr.		15,000
	To Rakesh A/c				10,000
	To Devender A/c				5,000
	(Being Cheque received from Rakesh and Devender )

Apr. 24	Bank A/c	Dr.		14,875
	Discount A/c	Dr.		125
	To Cheque in Hands A/c				15,000
	(Being Cheque Issued to Jawahar and Vikas )

Apr. 25	Cash A/c	Dr.		21,000
	Discount A/c	Dr.		880
	To Devender A/c				21,880
	(Being Cash received from Devender in full Settlement of his account )

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		30,000	Apr. 4	By Vehicle Running Expenses A/c		5,700
Apr. 9	To Sales A/c		5,000	Apr. 5	By Drawing A/c		4,000
Apr. 9	To Output CGST A/c		300	Apr. 7	By Outstanding salaries A/c		7,000
Apr. 9	To Output SGST A/c		300
Apr. 25	To Devender A/c		21,000
				Apr. 30	By Balance C/d		39,900

			56,600				56,600

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Balance B/d		3,24,000
Apr. 30	By Balance C/d		3,24,000

			3,24,000				3,24,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		45,000	Apr. 1	By Rent A/c		5,000
Apr. 2	To Hariharan, A/c		20,000	Apr. 1	By Input CGST A/c		300
Apr. 2	To Rajhans A/c		40,000	Apr. 1	By Input SGST A/c		300
Apr. 22	To Hariharan, A/c		10,000	Apr. 3	By Telephone Bill A/c		4,000
Apr. 22	To Rajhans A/c		10,000	Apr. 3	By Output CGST A/c		240
Apr. 24	To Cheque in Hands A/c		14,875	Apr. 3	By Output SGST A/c		240
				Apr. 20	By Jawahar A/c		50,000
				Apr. 20	By Vikas A/c		10,000
				Apr. 30	By Balance C/d		69,795

			139,875				139,875

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Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Prabhat, Delhi A/c		15,000
Apr. 2	To Rajan, Delhi A/c		8,000
Apr. 2	To Passi, Delhi A/c		7,000
				Apr. 30	By Balance C/d		30,000

			30,000				30,000

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 3	By Rakesh, Gurugram A/c		17,000
				Apr. 8	By Devender, Delhi A/c		25,000
				Apr. 9	ByCashA/c		5,000
Apr. 30	By Balance C/d		47,000

			47,000				47,000

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		75,000
				Apr. 30	By Balance C/d		75,000

			75,000				75,000

Dr.	Delivery Van A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		50,000
				Apr. 30	By Balance C/d		50,000

			50,000				50,000

Dr.	Fixtures A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		5,000
				Apr. 30	By Balance C/d		5,000

			5,000				5,000

Dr.	Hariharan A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		30,000	Apr. 12	By Bank A/c		20,000
				Apr. 22	By Bank A/c		10,000

			30,000				30,000

Dr.	Rajhans A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		50,000	Apr. 12	By Bank A/c		40,000
				Apr. 22	By Bank A/c		10,000

			50,000				50,000

Dr.	Jawahar A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 20	To Bank		50,000	Apr. 1	By Balance b/d		1,00,000
Apr. 30	By Balance C/d		50,000

			1,00,000				1,00,000

Dr.	Vikas A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 20	To Bank		10,000	Apr. 1	By Balance b/d		45,000
Apr. 30	By Balance C/d		35,000

			45,000				45,000

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Dr.	Telephone Expenses Payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Bank		4,000	Apr. 1	By Balance b/d		4,000

			5,000				4,000

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Dr.	Salaries Payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 7	To Bank		7,000	Apr. 1	By Balance b/d		7,000

			7,000				7,000

Dr.	Electricity Expenses Payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 7	To Bank		4,520	Apr. 1	By Balance b/d		4,520

			4,520				4,520

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 8	To Bank		5,000	Apr. 30	By Balance C/d		5,000

			5,000				5,000

Dr.	Prabhat, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 8	To Purchase return A/c		4,000	Apr. 2	By Purchase A/c		15,000
Apr. 8	To Input IGST A/c		480	Apr. 2	By Input IGST A/c		1,800
Apr. 30	To Balance C/d		12,320

			16,800				16,800

Dr.	Rajan, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 8	To Purchase return A/c		1,000	Apr. 2	By Purchase A/c		8,000
Apr. 8	To Input IGST A/c		120	Apr. 2	By Input IGST A/c		960
Apr. 30	To Balance C/d		7,840

			16,800				16,800

Dr.	Rajan, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 2	By Purchase A/c		7,000
				Apr. 2	By Input IGST A/c		840
Apr. 30	To Balance C/d		7,840

			7,840				7,840

Dr.	Rakesh, Gurugram A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Sale A/c		17,000	Apr. 11	By Sale return A/c		5,000
Apr. 16	To Output CGST A/c		1,020	Apr. 11	By Output CGST A/c		300
Apr. 16	To Output SGST A/c		1,020	Apr. 11	By Output SGST A/c		300
				Apr. 22	By cheque in Hands A/c		10,000
				Apr. 30	By Balance C/d		3,440

			3,516				3,516

Dr.	Vehicle Running Expenses A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Bank		5,700	Apr. 30	By Balance C/d		5,700

			5,700				5,700

Dr.	Devender ,Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Sale A/c		25,000	Apr. 11	By Sale return A/c		1,000
Apr. 16	To Output IGST A/c		3,000	Apr.11	By Output IGST A/c		120
				Apr. 22	By Cheques in Hands A/c		5,000
				Apr. 25	By Cash A/c		21,000
				Apr. 25	By Discount A/c		880

			28,000				28,000

Dr.	Drawing A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 5	To Cash A/c		4,000	Apr. 30	By Balance C/d		4,000

			4,000				4,000

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Dr.	Sale Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 11	To Devender, Delhi A/c		1,000
Apr. 11	To Rakesh A/c		5,000
				Apr. 30	By Balance C/d		6,000
			6,000				6,000

Dr.	Purchase Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 16	By Prabhat, Delhi A/c		4,000
				Apr. 25	By Rajan, Delhi A/c		1,000
Apr. 30	To Balance C/d		5,000

			5,000				5,000

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Dr.	Interest Charged A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 24	To Cheque in Hands A/c		128
				Apr. 30	By Balance C/d		128

			128				128

Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 24	To Devender, Delhi A/c		880
				Apr. 30	By Balance C/d		880

			880				880

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	By Bank A/c		300
				Apr. 30	By Balance C/d		300

			300				300

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	By Bank A/c		300
				Apr. 30	By Balance C/d		300

			300				300

Dr.	Input IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 2	To Prabhat, Delhi A/c		1,800	Apr. 16	By Prabhat, Delhi A/c		480
Apr. 2	To Rajan, Delhi A/c		960	Apr. 25	By Rajan, Delhi A/c		120
Apr. 2	To Passi, Delhi A/c		840
				Apr. 30	By Balance C/d		3,000

			3,600				3,600

Dr.	Output CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Bank A/c		240	Apr. 1	By Balance B/d		240
Apr. 3	To Rakesh, Gurugram A/c		300	Apr. 3	By Rakesh, Gurugram A/c		1,020
				Apr. 9	By Cash A/c		300
Apr. 30	To Balance C/d		1,020
			1,560				1,560

Dr.	Output SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Bank A/c		240	Apr. 1	By Balance B/d		240
Apr. 3	To Rakesh, Gurugram A/c		300	Apr. 3	By Rakesh, Gurugram A/c		1,020
				Apr. 9	By Cash A/c		300
Apr. 30	To Balance C/d		1,020
			1,560				1,560

Dr.	Output IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 11	To Devender, Delhi A/c		120	Apr. 16	By Devender, Delhi A/c		3,000
Apr. 30	To Balance C/d		2,880

			3,000				3,000

Trial Balance
Particulars	L.F.	Debit	Credit
Cash A/c		39,900
Capital A/c			3,24,000
Bank A/c		69,795
Purchases A/c		30,000
Sale A/c			47,000
Opening Stock A/c		75,000
Delivery Van A/c		50,000
Premises A/c		2,00,000
Fixtures A/c		5,000
Jawahar A/c			50,000
Vikas A/c			35,000
Electricity Expenses Payable A/c			4,520
Rent A/c		5,000
Prabhat, Delhi A/c			12,320
Rajan, Delhi A/c			7,840
Passi, Delhi A/c			7,840
Rakesh, Gurugram A/c		3,440
Vehicle Running Expenses A/c		5,700
Drawing A/c		4,000
Sale Return A/c		6,000
Purchase Return A/c			5,000
Interest Charged A/c		125
Discount Allowed A/c		880
Input CGST A/c		300
Input SGST A/c		300
Input IGST A/c		3,000
Output CGST A/c			1,020
Output SGST A/c			1,020
Output IGST A/c			2,880
		4,98,440	4,98,440