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

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

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Question No 9 Chapter No 9

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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-01Assets : 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-04Purchased goods from Pankaj, Kolkata 5,000
Apr-07Paid to Ashok by cheque in full settlement of his account*13,000
Apr-10Sold goods to Poonam, Delhi11,000
Apr-12Purchased goods from Ashok , Delhi15,000
Apr-15Sold goods to Sonu, Kanpur 6,000
Apr-18Received cheque from Poonam*24,500
 Allowed her discount*1,500
Apr-25Paid for stationery1,200
Apr-27Paid telephone Bill by cheque3,500
Apr-30Paid salaries6,000

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: – 

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In the Books of Rajesh Prabhu, Gurugram (Haryana)

Date  Particulars
L.F.DebitCredit
2018     
Apr. 1Cash A/cDr. 20,000 
 Bank A/cDr. 35,000 
 Stock A/cDr. 15,000 
 Furniture A/cDr. 4,500 
 Input SGST A/cDr. 5,000 
 Input IGST A/cDr. 5,000 
 Poonam A/cDr. 20,000 
 Sonu A/cDr. 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. 4Purchase A/cDr. 5,000 
 Input CGST A/cDr. 300 
 Input SGST A/cDr. 300 
            To Pankaj, KolkataA/c  5,600
 (Being goods purchase from Pankaj, Kolkata)   
     
Apr. 7Ashok, Delhi A/cDr. 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. 10Poonam, Delhi A/cDr. 12,320 
           To Sale A/c   11,000
           To Output IGST A/c  1,320
 (Being Goods Sold to Poonam, Delhi)   
      
Apr. 12Purchase A/cDr. 8,000 
 Input IGST A/cDr. 960 
            To Ashok, Delhi A/c  8,960
 (Being Goods Purchase from Ashok, Delhi)   
     
Apr. 15Sonu, Kanpur A/cDr. 6,720 
           To Sale A/c   6,000
           To Output IGST A/c  720
 (Being Goods Sold to Sonu, Kanpur)   
     
Apr. 18Bank A/cDr. 24,500 
 Discount Allowed A/cDr. 1,500 
            To Poonam, Delhi A/c  26,000
 (Being payment received from Poonam, Delhi)   
     
Apr. 25Stationery A/cDr. 1,200 
 Input CGST A/cDr. 72 
 Input SGST A/cDr. 72 
            To Bank A/c  1,344
 (Being paid for Stationery)   
     
Apr. 27Telephone bill A/cDr. 3,500 
 Input CGST A/cDr. 210 
 Input SGST A/cDr. 210 
            To Bank A/c  3,920
 (Being paid for Telephone bill)   
     
Apr. 30Salaries A/cDr. 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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To balance b/d 20,000Apr. 25By Stationery A/c 1,200
    Apr. 25By Input CGST A/c 72
    Apr. 25By Input SGST A/c 72
    Apr. 30By Salaries A/c 6,000
    Apr. 30By Balance C/d 12,656
        
   20,000   20,000

 

Dr.Bank A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 35,000Apr. 7By Ashok, Delhi A/c 13,000
Apr. 18To Poonam,  Delhi A/c 24,500Apr. 27By Telephone bill  A/c 3,500
    Apr. 27By Input CGST A/c 210
    Apr. 27By Input SGST A/c 210
    Apr. 30By Balance C/d 42,580
        
   72,500   72,500

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 1By Balance B/d 79,500
Apr. 30To Balance C/d 79,500    
        
   79,500   79,500

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

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Dr.Sales A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 10By Poonam, Delhi A/c 11,000
    Apr. 15By Sonu, Kanpur A/c 6,000
Apr. 30To Balance C/d 17,000    
        
   17,000   77,000

 

Dr.Stock A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 15,000    
    Apr. 30By Balance C/d 15,000
        
   15,000   75,000

 

Dr.Furniture A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To Balance B/d 4,500    
    Apr. 30By Balance C/d 4,500
        
   4,500   4,500

 

Dr.Poonam, Delhi A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 1To balance b/d 20,000Apr. 18By Bank A/c 24,500
Apr. 10To Sales A/c 11,000Apr. 18By Discount Allowed A/c 500
Apr. 10To Output IGST  A/c 1,320    
    Apr. 30By Balance C/d 7,320
        
   32,320   32,320

 

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

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Dr.Ashok, Delhi A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 7To Bank A/c 13,000Apr. 1By Balance b/d 13,500
Apr. 7To Discount Received A/c 500Apr. 12By Purchase A/c 15,000
    Apr. 12By Input IGST A/c 1,800
Apr. 30To Balance C/d 16,800    
        
   30,300   30,300

 

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

 

Dr.Discount Received A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Apr. 4By Ashok, Delhi A/c 500
Apr. 30To Balance C/d 500    
        
   500   500

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

 

Dr.Stationery A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 25To Cash A/c 1,200Apr. 30By Balance C/d 1,200
        
   1,200   1,200

 

Dr.Telephone Expenses A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 27To Bank A/c 3,500Apr. 30By Balance C/d 3,500
        
   3,500   3,500

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Dr.Salaries A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Apr. 30To Poonam, Delhi A/c 6,000Apr. 30By Balance C/d 6,000
        
   6,000   6,000

 

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

 

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

 

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

 

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

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Trial Balance 
Particulars
L.F.DebitCredit
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
  1,39,9401,39,940

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T.S. Grewal’s Double Entry Book Keeping

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