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

Question No. 8 - Chapter No.9 - T.S. Grewal +1 Book 2019

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Question No 8 Chapter No 9

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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-01Assets : 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-01Paid rent by cheque5,000
Apr-02Goods purchased on Credit to Prabhat, Delhi Rs15,000;Rajan, Delhi Rs 8,000; Passi, Delhi Rs7,000 
Apr-03Goods sold on Credit to Rakesh, Gurugram Rs17,000; Devender, Delhi Rs 25,000; 
 Paid Telephone Bills, CGST and SGST by cheque 
Apr-04Paid the Bill of petrol expenses for delivery van*5,700
Apr-05Cash drawings by Rajesh Prabhu*4,000
Apr-07Paid salaries for the month of March,2018*8,000
Apr-09Cash sales5,000
Apr-11Goods returned by Rakesh Rs5,000; Devender RS 1,000 
Apr-12Received cheques from debtors: Hariharan Rs20,000; RaihansRs40,000* 
Apr-16Goods returned to Prabhat Rs 4,000; Rajan Rs 1,000 
Apr-20Cheques issued to creditors: Jawahar Rs50,000; Vikas Rs 10,000* 
Apr-22Received 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-24Cheques from Rakesh and devender were discounted form bank paying interest@10%* 
Apr-25Received 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.DebitCredit
2018     
Apr. 1Cash A/cDr. 30,000 
 Stock A/cDr. 75,000 
 Debtor-Hariharan A/cDr. 30,000 
 Premises A/cDr. 2,00,000 
 Delivery Van A/cDr. 50,000 
 Fixtures A/cDr. 5,000 
 Debtor–Rajhans A/cDr. 50,000 
 Bank A/cDr. 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. 2Rent A/cDr. 5,000 
 Input CGST A/cDr. 300 
 Input SGST A/cDr. 300 
            To Bank A/c  5,600
 (Being Rent Paid by cheque)   
     
Apr. 2Purchase A/cDr. 15,000 
 Input IGST A/cDr. 1,800 
           To Prabhat, Delhi A/c   16,800
 (Being Goods Purchase from Prabhat, Delhi)   
      
Apr. 2Purchase A/cDr. 8,000 
 Input IGSTA/cDr. 960 
            To Rajan , Delhi A/c  8,960
 (Being Goods Purchase from Prabhat, Delhi )   
     
Apr. 2Purchase A/cDr. 7,000 
 Input IGSTA/cDr. 840 
            To Passi, Delhi A/c  7,840
 (Being Goods Purchase from Passi, Delhi )   
     
Apr. 3Rakesh, Gurugram A/cDr. 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. 3Devender, Delhi A/cDr. 28,000 
           To Sale A/c   25,000
           To Output IGST A/c  3,000
 (Being Goods Sold to Devender, Delhi)   
     
Apr. 3Telephone Expenses Payable A/cDr. 4000 
 Output CGST A/cDr. 240 
 Output SGST A/cDr. 240 
            To Bank A/c  4,480
 (Being Telephone bill, Output CGST, Output SGST Paid by cheque)   
     
Apr. 4Vehicle Running Expenses A/cDr. 5,700 
           To Cash A/c   5,700
 (Being Bill of petrol paid by cash)   
      
Apr. 5Drawing A/cDr. 4,000 
            To Cash A/c  4,000
 (Being Goods Sold to Rakesh, Gurugram)    
     
Apr. 7Outstanding Salaries A/cDr. 1,120 
           To Cash A/c   1,000
 (Being Outstanding Salaries paid in Cash )   
      
Apr. 9Cash A/cDr. 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. 11Sale Return A/cDr. 5,000 
 Output CGST A/cDr. 300 
 Output SGST A/cDr. 300 
            To Rajesh, Gurugram A/c  5,600
 (Being Goods Return by Rakesh, Gurugram)   
     
Apr. 11Sale Return A/cDr. 1,000 
 Output IGST A/cDr. 120 
            To Devender, Delhi A/c  1,120
 (Being Goods Return by Devender, Delhi)   
      
Apr. 12Bank A/cDr. 60,000 
           To Hariharan A/c   20,000
           To Rajhans A/c  40,000
 (Being Cheque received from Hariharan and Rajhans)   
      
Apr. 16Prabhat, Delhi A/cDr. 4,480 
           To Purchases Return A/c   4,000
           To Input IGST A/c  480
 (Being Goods Return to Prabhat, Delhi )   
      
Apr. 16Rajan, Delhi A/cDr. 4,480 
           To Purchases Return A/c   4,000
           To Input IGST A/c  480
 (Being Goods Return to Rajan, Delhi )   
      
Apr. 20Jawahar A/cDr. 50,000 
 Vikas A/cDr. 10,000 
            To Bank A/c  60,000
 (Being Cheque Issued to Jawahar and Vikas )   
      
Apr. 22Bank A/cDr. 20,000 
           To Hariharan A/c   10,000
           To Rajhans A/c  10,000
 (Being Cheque received from Hariharan and Rajhans)   
      
Apr. 22Cheque in Hands A/cDr. 15,000 
           To Rakesh A/c   10,000
           To Devender A/c  5,000
 (Being Cheque received from Rakesh and Devender )   
      
Apr. 24Bank A/cDr. 14,875 
 Discount A/cDr. 125 
            To Cheque in Hands A/c  15,000
 (Being Cheque Issued to Jawahar and Vikas )   
      
Apr. 25Cash A/cDr. 21,000 
 Discount A/cDr. 880 
            To Devender A/c  21,880
 (Being Cash received from Devender in full Settlement of his account )   
     

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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 30,000Apr. 4By Vehicle Running Expenses A/c 5,700
Apr. 9To Sales A/c 5,000Apr. 5By Drawing A/c 4,000
Apr. 9To Output CGST A/c 300Apr. 7By Outstanding salaries A/c 7,000
Apr. 9To Output SGST A/c 300    
Apr. 25To Devender A/c 21,000    
    Apr. 30By Balance C/d 39,900
        
   56,600   56,600

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Balance B/d 3,24,000
Apr. 30By Balance C/d 3,24,000    
        
   3,24,000   3,24,000

 

Dr.Bank A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 45,000Apr. 1By Rent A/c 5,000
Apr. 2To Hariharan, A/c 20,000Apr. 1By Input CGST A/c 300
Apr. 2To Rajhans A/c 40,000Apr. 1By Input SGST A/c 300
Apr. 22To Hariharan, A/c 10,000Apr. 3By Telephone Bill A/c 4,000
Apr. 22To Rajhans A/c 10,000Apr. 3By Output CGST A/c 240
Apr. 24To Cheque in Hands A/c 14,875Apr. 3By Output SGST A/c 240
    Apr. 20By Jawahar A/c 50,000
    Apr. 20By Vikas A/c 10,000
    Apr. 30By Balance C/d 69,795
        
   139,875   139,875

 

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

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

 

Dr.Stock A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 75,000    
    Apr. 30By Balance C/d 75,000
        
   75,000   75,000

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Dr.Delivery Van A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 50,000    
    Apr. 30By Balance C/d 50,000
        
   50,000   50,000

 

Dr.Fixtures A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 5,000    
    Apr. 30By Balance C/d 5,000
        
   5,000   5,000

 

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

 

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

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Dr.Jawahar A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 20To Bank  50,000Apr. 1By Balance b/d 1,00,000
Apr. 30By Balance C/d 50,000    
        
   1,00,000   1,00,000

 

Dr.Vikas A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 20To Bank  10,000Apr. 1By Balance b/d 45,000
Apr. 30By Balance C/d 35,000    
        
   45,000   45,000

 

Dr.Telephone Expenses Payable A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To Bank  4,000Apr. 1By Balance b/d 4,000
        
   5,000   4,000

 

Dr.Salaries Payable A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 7To Bank  7,000Apr. 1By Balance b/d 7,000
        
   7,000   7,000

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Dr.Electricity Expenses Payable A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 7To Bank  4,520Apr. 1By Balance b/d 4,520
        
   4,520   4,520

 

Dr.Rent A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 8To Bank  5,000Apr. 30By Balance C/d 5,000
        
   5,000   5,000

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Dr.Prabhat, Delhi A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 8To Purchase return A/c 4,000Apr. 2By Purchase A/c 15,000
Apr. 8To Input IGST A/c 480Apr. 2By Input IGST A/c 1,800
Apr. 30To Balance C/d 12,320    
        
   16,800   16,800

 

Dr.Rajan, Delhi A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 8To Purchase return A/c 1,000Apr. 2By Purchase A/c 8,000
Apr. 8To Input IGST A/c 120Apr. 2By Input IGST A/c 960
Apr. 30To Balance C/d 7,840    
        
   16,800   16,800

 

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

 

Dr.Rakesh, Gurugram A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To Sale A/c 17,000Apr. 11By Sale return A/c 5,000
Apr. 16To Output CGST A/c 1,020Apr. 11By Output CGST A/c 300
Apr. 16To Output SGST A/c 1,020Apr. 11By Output SGST A/c 300
    Apr. 22By cheque in Hands A/c 10,000
    Apr. 30By Balance C/d 3,440
        
   3,516   3,516

 

Dr.Vehicle Running Expenses A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To Bank  5,700Apr. 30By Balance C/d 5,700
        
   5,700   5,700

 

Dr.Devender ,Delhi A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 3To Sale A/c 25,000Apr. 11By Sale return A/c 1,000
Apr. 16To Output IGST A/c 3,000Apr.11By Output IGST A/c 120
    Apr. 22By Cheques in Hands A/c 5,000
    Apr. 25By Cash A/c 21,000
    Apr. 25By Discount A/c 880
        
   28,000   28,000

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Dr.Drawing A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 5To Cash A/c 4,000Apr. 30By Balance C/d 4,000
        
   4,000   4,000

 

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

 

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



Dr.Interest Charged A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 24To Cheque in Hands A/c 128    
    Apr. 30By Balance C/d 128
        
   128   128

 

Dr.Discount Allowed A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 24To Devender, Delhi A/c 880    
    Apr. 30By Balance C/d 880
        
   880   880

 

Dr.Input CGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1By Bank A/c 300    
    Apr. 30By Balance C/d 300
        
   300   300

 

Dr.Input SGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1By Bank A/c 300    
    Apr. 30By Balance C/d 300
        
   300   300

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Dr.Input IGST A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 2To Prabhat, Delhi A/c 1,800Apr. 16By Prabhat, Delhi A/c 480
Apr. 2To Rajan, Delhi A/c 960Apr. 25By Rajan, Delhi A/c 120
Apr. 2To Passi, Delhi A/c 840    
    Apr. 30By Balance C/d 3,000
        
   3,600   3,600

 

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

 

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

 

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

 

Trial Balance 
Particulars
L.F.DebitCredit
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
  4,98,4404,98,440

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