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Question No 9 Chapter No 16 – T.S. Grewal 11 Class

Question No 9 Chapter No 16
Question No.9 - Chapter No.16- T.S. Grewal +1 Book 2019-Solution

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Question No 9 Chapter No 16

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9. A sold goods to B for 20,000 plus CGST and SGST @ 9% each on credit 3 months. B paid A 3,600 by cheque and accepted a draft for the balance amount. The draft was endorsed in favor of C, who got the payment on maturity. Give Journal entries in the books of A.

The solution of Question No 9 Chapter No 16: – 


Books of A
Date  Particulars
L.F.DebitCredit
      
 B A/cDr. 23,600 
 To Sales A/c   20,000
 To Output CGST A/c   1,800
 To Output CGST A/c   1,800
 (Being goods sold plus CGST and SGST @9)    
 Bills Receivable A/cDr. 20,000 
 Bank A/cDr. 3,600 
 Bills Payable A/c   23,600
 (Being bill accepted by B and paid CGST and SGST by Cheque )   
 C A/cDr. 20,000 
 To Bills Receivable A/c   20,000
 (Being B′s acceptance endorsed in favour of C)   
     

 

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Bill of exchange (BOE): Meaning and Examples

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Also, Check out the solved question of previous Chapters: –

  • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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