Question No 9 Chapter No 9

Enter the following transactions in the Journal of M/s Karim Bros., Prop. Shri Karim Khan, Kolka

ta, post to the Ledger and prepare the Trial Balance

2018		Rs.
Apr-01	Assets : Cash in Hand Rs 20,000; Cash in Bank Rs 35,000; Stock Rs 15,000; Furniture Rs 4,500; Input SGST Rs 5,000; Input IGST Rs 2,000 , Debtors: Poonam Rs 20,000 ; Sonu Rs 10,000
	Creditors: Ashok Rs 13,500 ; Pankaj Rs 21,500
Apr-04	Purchased goods from Pankaj, Kolkata	5,000
Apr-07	Paid to Ashok by cheque in full settlement of his account*	13,000
Apr-10	Sold goods to Poonam, Delhi	11,000
Apr-12	Purchased goods from Ashok , Delhi	15,000
Apr-15	Sold goods to Sonu, Kanpur	6,000
Apr-18	Received cheque from Poonam*	24,500
	Allowed her discount*	1,500
Apr-25	Paid for stationery	1,200
Apr-27	Paid telephone Bill by cheque	3,500
Apr-30	Paid salaries	6,000

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 9 Chapter No 9: –

In the Books of Rajesh Prabhu, Gurugram (Haryana)

Date	Particulars		L.F.	Debit	Credit
2018
Apr. 1	Cash A/c	Dr.		20,000
	Bank A/c	Dr.		35,000
	Stock A/c	Dr.		15,000
	Furniture A/c	Dr.		4,500
	Input SGST A/c	Dr.		5,000
	Input IGST A/c	Dr.		5,000
	Poonam A/c	Dr.		20,000
	Sonu A/c	Dr.		10,000
	To Ashok A/c				13,500
	To Pankaj A/c				21,500
	To Capital A/c				79,500
	(Being Opening balance transfer to current year)

Apr. 4	Purchase A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Pankaj, KolkataA/c				5,600
	(Being goods purchase from Pankaj, Kolkata)

Apr. 7	Ashok, Delhi A/c	Dr.		13,500
	To Bank A/c				13,000
	To Discount Received A/c				500
	(Being cheque paid to Ashok in full Settlement of his Account )

Apr. 10	Poonam, Delhi A/c	Dr.		12,320
	To Sale A/c				11,000
	To Output IGST A/c				1,320
	(Being Goods Sold to Poonam, Delhi)

Apr. 12	Purchase A/c	Dr.		8,000
	Input IGST A/c	Dr.		960
	To Ashok, Delhi A/c				8,960
	(Being Goods Purchase from Ashok, Delhi)

Apr. 15	Sonu, Kanpur A/c	Dr.		6,720
	To Sale A/c				6,000
	To Output IGST A/c				720
	(Being Goods Sold to Sonu, Kanpur)

Apr. 18	Bank A/c	Dr.		24,500
	Discount Allowed A/c	Dr.		1,500
	To Poonam, Delhi A/c				26,000
	(Being payment received from Poonam, Delhi)

Apr. 25	Stationery A/c	Dr.		1,200
	Input CGST A/c	Dr.		72
	Input SGST A/c	Dr.		72
	To Bank A/c				1,344
	(Being paid for Stationery)

Apr. 27	Telephone bill A/c	Dr.		3,500
	Input CGST A/c	Dr.		210
	Input SGST A/c	Dr.		210
	To Bank A/c				3,920
	(Being paid for Telephone bill)

Apr. 30	Salaries A/c	Dr.		6,000
	To Cash A/c				6,000
	(Being salaries paid)

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		20,000	Apr. 25	By Stationery A/c		1,200
				Apr. 25	By Input CGST A/c		72
				Apr. 25	By Input SGST A/c		72
				Apr. 30	By Salaries A/c		6,000
				Apr. 30	By Balance C/d		12,656

			20,000				20,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		35,000	Apr. 7	By Ashok, Delhi A/c		13,000
Apr. 18	To Poonam, Delhi A/c		24,500	Apr. 27	By Telephone bill A/c		3,500
				Apr. 27	By Input CGST A/c		210
				Apr. 27	By Input SGST A/c		210
				Apr. 30	By Balance C/d		42,580

			72,500				72,500

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Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Balance B/d		79,500
Apr. 30	To Balance C/d		79,500

			79,500				79,500

Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 4	To Pankaj, Kolkata A/c		5,000
Apr. 12	To Ashok, Delhi A/c		15,000
				Apr. 30	By Balance C/d		20,000

			20,000				20,000

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 10	By Poonam, Delhi A/c		11,000
				Apr. 15	By Sonu, Kanpur A/c		6,000
Apr. 30	To Balance C/d		17,000

			17,000				77,000

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		15,000
				Apr. 30	By Balance C/d		15,000

			15,000				75,000

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		4,500
				Apr. 30	By Balance C/d		4,500

			4,500				4,500

Dr.	Poonam, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		20,000	Apr. 18	By Bank A/c		24,500
Apr. 10	To Sales A/c		11,000	Apr. 18	By Discount Allowed A/c		500
Apr. 10	To Output IGST A/c		1,320
				Apr. 30	By Balance C/d		7,320

			32,320				32,320

Dr.	Sonu, Kanpur A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To balance b/d		10,000
Apr. 15	To Sales A/c		6,000
Apr. 15	To Output IGST A/c		720
				Apr. 30	By Balance C/d		16,720

			16,720				16,720

Dr.	Ashok, Delhi A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 7	To Bank A/c		13,000	Apr. 1	By Balance b/d		13,500
Apr. 7	To Discount Received A/c		500	Apr. 12	By Purchase A/c		15,000
				Apr. 12	By Input IGST A/c		1,800
Apr. 30	To Balance C/d		16,800

			30,300				30,300

Dr.	Pankaj, Kolkata A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Balance b/d		21,500
				Apr. 4	By Purchase A/c		5,000
				Apr. 4	By Input IGST A/c		300
				Apr. 4	By Input IGST A/c		300
Apr. 30	To Balance C/d		27,100

			27,100				27,100

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 4	By Ashok, Delhi A/c		500
Apr. 30	To Balance C/d		500

			500				500

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Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 10	To Poonam, Delhi A/c		1,500	Apr. 30	By Balance C/d		1,500

			1,500				1,500

Dr.	Stationery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 25	To Cash A/c		1,200	Apr. 30	By Balance C/d		1,200

			1,200				1,200

Dr.	Telephone Expenses A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 27	To Bank A/c		3,500	Apr. 30	By Balance C/d		3,500

			3,500				3,500

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 30	To Poonam, Delhi A/c		6,000	Apr. 30	By Balance C/d		6,000

			6,000				6,000

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 4	To Pankaj, Kolkata A/c		300
Apr. 25	To Cash A/c		72
Apr. 27	To Bank A/c		210
				Apr. 30	By Balance C/d		582

			582				582

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		5,000
Apr. 4	To Pankaj, Kolkata A/c		300
Apr. 25	To Cash A/c		72
Apr. 27	To Bank A/c		210
				Apr. 30	By Balance C/d		5,582

			5,582				5,582

Dr.	Input IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Balance B/d		2,000
Apr. 12	To Ashok, Delhi A/c		1,800
				Apr. 30	By Balance C/d		3,800

			3,800				3,800

Dr.	Output IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 10	By Poonam, Delhi A/c		1,320
				Apr. 15	By Sonu, Kanpur A/c		720
Apr. 30	To Balance C/d		2,040

			2,040				2,040

Trial Balance
Particulars	L.F.	Debit	Credit
Cash A/c		12,656
Capital A/c			76,500
Bank A/c		42,580
Purchases A/c		20,000
Sale A/c			17,000
Opening Stock A/c		15,000
Furniture A/c		4,500
Poonam, Delhi A/c		6,320
Sonu, Kanpur A/c		16,720
Ashok, Delhi A/c			16,800
Pankaj, Kolkata A/c			27,100
Discount Received A/c			500
Discount Allowed A/c		1,500
Stationery A/c		1,200
Telephone Expenses A/c		3,500
Salaries A/c		6,000
Input CGST A/c		582
Input SGST A/c		5,582
Input IGST A/c		3,800
Output IGST A/c			2,040
		1,39,940	1,39,940