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

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 – 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   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

 

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

 

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

Thanks Please share with your friends  

Comment if you have any question.

Check out previous questions: –

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

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

T.S. Grewal’s Double Entry Book Keeping