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

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

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 – 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   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

 

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

 

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

 

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

 

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



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

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T.S. Grewals Double Entry Book Keeping - Question No 8 Chapter No 9 - T.S. Grewal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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