T.S. Grewal 11 Class Financial Accounting Solutions Chapter No 9 - Ledger- T.S. Grewal - XI

Question No 1 Chapter No 9

On 1st April, 2018 Mohit, Delhi started business with a capital of Rs 50,000. He made the following transactions:

2018		Rs.
April 03	Purchased goods from Rita, Delhi on credit for	20,000
April 04	Cash paid to Rita	10,000
April 06	Goods sold to Rohit, Chandigarh	25,000
April 08	Received cash from Rohit	20,000
April 12	Goods purchased from Rita	12,000
April 18	Cash paid to Rita	20,000
April 25	Goods sold to Rohit, Chandigarh	10,000
April 30	Received cash from Rohit	6,000

Solution of Question No 1 Chapter No 9: - 

In the Books of Mohit, Delhi:

Date	Particulars		L.F.	Debit	Credit
2018
April 1	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Being Commenced business with cash.)
April 3	Purchase A/c	Dr.		20,000
	To Rita A/c				20,000
	(Being goods purchase from Rita )
April 4	Rita A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being cash paid to Rita.)
April 6	Rohit A/c	Dr.		25,000
	To Sales A/c				25,000
	(Being goods sold to the Rohit)
April 8	Cash A/c	Dr.		20,000
	To Rohit A/c				20,000
	(Being cash received from Rohit)
April 12	Purchase A/c	Dr.		12,000
	To Rita A/c				12,000
	(Being Goods purchased from Rita)
April 18	Rita A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being cash paid to Rita)
April 25	Rohit A/c	Dr.		10,000
	To Sale A/c				10,000
	(Being goods sold to Rohit)
April 30	Cash A/c	Dr.		6,000
	To Rohit A/c				6,000
	(Being cash paid to Rohit)

To clear the meaning of Ledger and Ledger balancing Click below: 

https://tutorstips.com/ledger/

https://tutorstips.com/ledger-balancing/

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Capital A/c		50,000	Apr. 4	By Rita A/c		10,000
Apr. 8	To Rohit A/c		20,000	Apr. 18	By Rita A/c		20,000
Apr. 30	To Rohit A/c		6,000	Apr. 30	By Balance C/d		46,000
			76,000				76,000

 

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Cash A/c		50,000
Apr. 30	By Balance C/d		50,000
			50,000				50,000

 

Dr.	Purchase A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 3	To Rita A/c		20,000
Apr. 12	To Rita A/c		12,000
				Apr. 30	By Balance C/d		32,000
			32,000				32,000

 

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 6	By Rohit A/c		25,000
				Apr. 25	By Rohit A/c		10,000
Apr. 30	By Balance C/d		35,000
			35,000				35,000

 

Dr.	Rita A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 4	To Cash A/c		10,000	Apr. 3	By Purchase A/c		20,000
Apr. 18	To Cash A/c		20,000	Apr. 12	By Purchase A/c		12,000
Apr. 30	By Balance C/d		2,000
			32,000				32,000

 

Dr.	Rohit A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 6	To Sale A/c		25,000	Apr. 8	By Cash  A/c		20,000
Apr. 25	To Sale A/c		10,000	Apr. 30	By Cash A/c		6,000
				Apr. 30	By Balance C/d		9,000
			35,000				35,000

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