Class 11-commerce NCERT Solutions Accountancy Part I Chapter 4: Recording of Transactions - II

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Recording of Transactions - II Exercise 152

Solution SA 1

Transactions are recorded directly from source documents in the cash book, so there is no need to record transactions in the journal book. Further, on the basis of the cash transactions recorded in the cash book, cash and bank balances can be determined, and so there is no need to prepare cash account (which is a part of ledger) separately. Thus, the cash book serves the purpose of both journal as well as ledger.

The need to record transactions in the journal book ceased to exist as the transactions are recorded directly from source documents in the cash book. A ledger is simply a collection of credit/debit and balances. However, in a cash book, cash and transactions can be determined just on the basis of cash transactions recorded in it. Thus, the cash book serves the purpose of both journal and a ledger.

Solution SA 2

The cash deposits or withdrawals from bank i.e. transactions recorded both on the credit and the debit side can be termed as a contra entry. Transactions which effect both cash and bank balances are indicated by the contra entry. The transactions are recorded in the bank column on the receipt side (Dr.) side and in the cash column on the payment (Cr.) side, on the day of the deposit to the bank. A contra entry is denoted by 'C' in the ledger folio column.

Solution SA 3

All the transactions relating to any small business can be recorded in one book or a journal. However, as the business expands, recording each and every transaction can be a Herculean task, To simplify it, the journals were divided into special journals or special purpose books. Following were the special purpose books:

i. Cash book

ii. Purchases book

iii. Purchases return book

iv. Sales book

v. Sales return book

vi. Journal proper

These special purpose books made accounting work easier and economical.

Solution SA 4

Every organisation needs to keep a record of even the smallest expenses such as on telegrams, postage, conveyance and few others. Such kind of expenses may also be termed as petty expenses. Large organisations, who want to minimise the burden on the accounting, apart from their cashier, appoints petty cashier to maintain a record of the petty expenses. These petty expenses are recorded in the petty cash book which is maintained by the petty cashier.

A petty cash book may be maintained by ordinary system or by imprest system are as follows:

A petty cash book is prepared using the ordinary system. In this, petty cashier is given an appropriate amount of cash and after spending the whole amount, he submits the accounts to the cashier.
A petty cash book is prepared using the imprest system. In this, an imprest amount, a fixed amount is given to the cashier at the start of a certain period. This imprest amount is used up to make the small payments. By the end of the period, the cashier gets a reimbursement for the amount paid. Thus, the cashier will have a full imprest amount at the start of the next period.

Solution SA 5

Posting is the process of transferring the business transactions from cash book/journal to ledgers.

All the transactions are first recorded in the journal and subsequently transferred to their respective accounts.

Solution SA 6

All the transactions relating to any small business can be recorded in one book or a journal. However, as the business expands, recording each and every transaction through journal entry can be a Herculean task, To simplify and in order to save time and effort, the journals were divided into special journals or special purpose books. These special purpose books infused higher degree of accountability to the accountants for the specific subsidiary journal assigned to them and made it easier, economical.

Subsidiary journals are, thus, maintained for the following purposes:

Work is divided to enhance efficiency and effectiveness
Saves time and efforts while recording the transactions
Records transactions of similar nature

Solution SA 7

Return Inwards	Return Outwards
Goods sold to the customers, are returned by them.	Goods purchased are returned to the suppliers.
It has debit balance.	It has credit balance.
It is deducted from sales in the trading account.	It is deducted from purchases in the trading account.
Credit note is prepared by the seller.	Debit note is prepared by the buyer.
It reduces the payment from the debtors.	It reduces the payment made to the creditors.
It is also termed as sales returns.	It is also termed as purchases returns.

Solution SA 8

All the transactions recorded in the journal and is later transferred to a ledger. A ledger has each page or folio pointing to different account number. This ledger folio number corresponding to that account is then entered in the folio column in the journal. This helps in easily locating the account in the ledger. This ensures that all entries are posted and thus saves time in rechecking and recording.

Solution SA 9

Trade Discount	Cash Discount
It is allowed when goods are purchased or sold.	It is allowed at the time of payment.
It is recorded in a invoice/bill but not in the books.	It is recorded in the discount column of the Cash Book's debit side, if allowed, and credit side, if received.
It is allowed to increase sale.	It is allowed for earlier payment.
It is deducted from the price-list of the goods.	It is not deducted from the price-list of the goods.

Solution SA 10

The process of preparing ledger from Journal can be explained with the help of an example. Let us suppose that machinery is purchased from Mr. X, so, the journal entry will be:

Machinery A/c	Dr.	35,000
To Mr. X Account			35,000

In this example, Machinery Account is debited and Mr. X Account is credited. Let us understand the process of preparing ledger from the journal entry.

Account which is debited in the entry:

Step 1: Identify the account in ledger that is debited, i.e., 'Machinery Account'.

Step 2: Enter date in the debit side of the 'Machinery Account' in the 'Date' column.

Step 3: Enter the name of the account as 'Mr. X Account' (which is credited in the entry) in the 'Particulars' column in the debit side of the Machinery Account.

Step 4: Enter the page number of the journal, where the entry is recorded in the 'J.F.' (journal folio) column.

Step 5: Post the corresponding amount in the 'Amount' column, which is recorded against 'Machinery Account' in the journal entry.

Account which is credited in entry:

Step 1: Identify the account in ledger that is credited, i.e., 'Mr. X Account'.

Step 2: Enter date in the credit side of 'Mr. X Account' in the 'Date' column.

Step 3: Enter the name of the account as 'Machinery Account' (which is debited in the entry) in the 'Particulars' column in the credit side of the 'Machinery Account'.

Step 4: Enter the page number of the journal where the entry is recorded in the 'J.F.' (journal folio) column.

Step 5: Post the corresponding amount in the 'Amount' column, which is recorded against 'Mr. X Account' in the journal entry.

Solution SA 11

A petty cash book is prepared using the imprest system. In this, an imprest amount, a fixed amount is given to the cashier at the start of a certain period. This imprest amount is used up to make the small payments. By the end of the period, the cashier gets a reimbursement for the amount paid. Thus, the cashier will have a full imprest amount at the start of the next period.

For example, if the main cashier gives an imprest amount of Rs.3000 to the petty cashier on May 01, 2014 and at the end of the month the petty expenses amount spent by the petty cashier sums up to be Rs.2500. In this case, Rs.2500 will be reimbursed, so, that on June 01, 2014, the petty cashier will have Rs.3,000 at his disposable to meet petty expenses for the next month.

Solution LA 1

The need for drawing up the special purpose book is given below:

Easy posting of similar natured transactions: Posting becomes a lot easier if we are able to record similar transactions at one place as most of the businesses have similar and repetitive transactions.
Comprehensive information at one place: All transaction information related to purchases, sales, cash receipts and payments are easily available and is hassle-free.
Quick and efficient recording: It is a time consuming process to record all the transactions in a journal. If there are separate books, then recording of transactions can be done more efficiently and timely. So, the need of special purpose book arises.
Economical: It is more economical as recording through the special purpose books saves time and also enhances the efficiency of accountants and clerks.

Solution LA 2

Cash book is a book of original entry which it records all transactions related to payments of cash, receipts and deposits in and withdrawals from a bank on a monthly basis. Cash book also serves the purpose of both journal and a ledger.

Single Column Cash Book: A single column cash book contains one column of amount on both sides i.e. one in the debit side and other on the credit side. In this, cash transactions are recorded in a chronological order. All cash receipts are recorded on the debit side of the cash book, while side all cash payments are recorded on the credit side.
Double Column Cash Book: A double column cash book contains two columns of amount, namely cash column and bank column on both sides. On the left side, the payments to the bank were recorded and the right side had all the payments/withdrawals from the bank.

Cash Book

Dr.									Cr.
Date	Particulars	L.F.	Cash Rs.	Bank Rs.	Date	Particular	L.F.	Cash Rs.	Bank Rs.

Triple Column Cash Book: In a triple column Cash Book, there are three columns of amount namely, cash, bank and discount. Discount allowed and discount received are recorded in the discount column. While in the debit side, discount allowed is recorded along with the receipts, either in cash or through cheque; whereas, in the credit side, discount received is recorded, along with the payments made either in cash or by issuing cheques.
Petty Cash Book: Large organisations, who want to minimise the burden on the accounting, apart from their cashier, appoints petty cashier to maintain a record of the petty expenses. These petty expenses are recorded in the petty cash book which is maintained by the petty cashier.

Solution LA 3

The cash deposits or withdrawals from bank i.e. transactions recorded both on the credit and the debit side can be termed as a contra entry. Transactions which effect both cash and bank balances are indicated by the contra entry. The transactions are recorded/showed in the bank column on the receipt side (Dr.) and in the cash column on the payment (Cr.) side, on the day of the deposit to the bank. A contra entry is denoted by 'C' in the ledger folio column.

For example, Rs.500 cash was deposited into the bank. This transaction increases the bank amount on one hand and on the other hand, reduces the cash balance. In this entry, on the debit side of the cash book, 'Cash' will be recorded with a balance of Rs.500 in the bank column and on the credit side of the cash book, 'Bank' will be recorded with a balance of Rs.500 in the cash column. This entry is a contra entry as it affects both cash and bank balance together. The contra entries are denoted by 'C'.

Some transactions which lead to contra entry are given below.

Opening a bank account
Depositing cash into bank
Withdrawal from bank

These transactions are recorded in a double column Cash Book as given below.

Dr.									Cr.
Date	Particulars	L.F.	Cash Rs.	Bank Rs.	Date	Particulars	L.F.	Cash Rs.	Bank Rs.

Recording of Transactions - II Exercise 153

Solution LA 4

The performance of petty cash book is given below.

Petty Cash book

Receipts

Rs.

Date

V. No.

Particulars

Total

Payment Rs.

Analysis of Payments

Stationery

Conveyance

Telephone and

Miscellaneous

Advantages of Petty Cash Book:

Error free and control efficiency: All the recorded transactions are audited at the end of the period by the main cashier.
Saves time: Saves time of the main cashier in recording the transactions.
Easy posting: Entries are recorded under separate headings, which makes posting easier and quicker.

Solution LA 5

The advantages of sub-division of journal are:

Work divided to enhance efficiency and effectiveness: If there is large number of transactions, multiple entries are to be entered into the journal which will be a tough task. Sub-dividing the journals will be flexible and will enable different accountants to work on different books at a time.
Sense of accountability: These special purpose books infuse higher degree of accountability to the accountants for the specific subsidiary journal assigned to them.
Saves time and efforts: The subsidiary books were brought in place in order to reduce an accountant's time spent on gathering and recording transactions all together in a single journal. Here, work and the journals are divided so as to save time and efforts.
Records transactions of similar nature: Special purpose books are assigned to record transactions of similar nature so as to get a ready and easy access to such information. Also, any information regarding any transactions can be easily located in a subsidiary book as compared to a journal.

Solution LA 6

At the end of each accounting period, quarterly, monthly, weekly or fortnightly, the net effect of each amount in the accounts specified in the ledger are balanced and calculated. When the two sides, the credit and the debit, are balanced, it is termed as balancing of an account. The difference between the two sides is calculated and the side which is falling short of reaching the total is mentioned. 'Balance c/d' is written against the difference amount which will be written on the debit side, if the credit exceeds the debit, known as credit balance and 'Balance b/d' on the credit side, if the debit exceeds the credit, known as debit balance.

Solution NUM 1

CASH BOOK

Dr.							Cr.
Date	Receipts	L.F.	Amount Rs.	Date	Payments	L.F.	Amount Rs.
2016				2016
Dec 01	To Balance b/d		12,000	Dec 07	By Rent A/c		2,000
Dec 05	To Bhanu A/c		4,000	Dec 10	By Purchases A/c		6,000
Dec 15	To Sales A/c		9,000	Dec 18	By Stationery A/c		300
				Dec 22	By Rahul A/c		2,000
				Dec 28	By Salary A/c		1,000
				Dec 30	By Rent A/c		500
				Dec 31	By Balance c/d		13,200
			25,000				25,000
2017				2017
Jan 1	To Balance b/d		13,200

Solution NUM 2

CASH BOOK

Dr.							Cr.
Date	Receipts	L.F.	Amount Rs.	Date	Payments	L.F.	Amount Rs.
2016				2016
Nov 01	To Balance b/d		12,500	Nov 04	By Hari A/c		600
Nov 12	To Amit A/c		1,960	Nov 07	By Purchases A/c		800
Nov 16	To Sales A/c		800	Nov 20	By Manish A/c		590
				Nov 25	By Cartage A/c		100
				Nov 30	By Salary A/c		1,000
				Nov 30	By Balance c/d		12,170
			15,260				15,260
Dec 1	To Balance b/d		12,170

Solution NUM 3

CASH BOOK

Dr.							Cr.
Date	Receipts	L.F.	Amount Rs.	Date	Payments	L.F.	Amount Rs.
2017				2017
Dec 01	To Balance b/d		7,750	Dec 04	By Sonu A/c		45
Dec 15	To Prakash A/c		960	Dec 08	By Purchases A/c		600
Dec 20	To Sales A/c		500	Dec 25	By S. Kumar A/c		1,200
				Dec 30	By Rent A/c		600
				Dec 31	By Balance c/d		6,765
			9,210				9,210
2018				2018
Jan 1	To Balance b/d		6,765

Solution NUM 4

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash	Bank	Date	Particulars	L.F.	Cash	Bank
2016					2016
Dec 01	To Capital A/c		80,000		Dec 04	By Bank A/c	C	50,000
Dec 04	To Cash A/c	C		50,000	Dec 15	By Purchases A/c		8,000
Dec 10	To Rahul A/c		1,000		Dec 22	By Purchases A/c			10,000
Dec 30	To Bank A/c	C	2,000		Dec 25	By Shyam A/c		20,000
					Dec 30	By Cash A/c	C		2,000
					Dec 31	By Rent A/c			1,000
					Dec 31	By Balance c/d		5,000	37,000
			83,000	50,000				83,000	50,000
2017					2017
Jan 1	To Balance b/d		5,000	37,000

Recording of Transactions - II Exercise 154

Solution NUM 5

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash	Bank	Date	Particulars	L.F.	Cash	Bank
2016					2016
Dec 01	To Capital A/c		1,20,000		Dec 03	By Bank A/c	C	50,000
Dec 03	To Cash A/c	C		50,000	Dec 10	By Sushmita A/c		20,000
Dec 06	To Dinker A/c		20,000		Dec 14	By Bank A/c	C	20,000
Dec 14	To Cash A/c	C		20,000	Dec 20	By Cartage A/c		500
Dec 22	To Rani A/c		12,000		Dec 30	By Drawings A/c		2000
Dec 27	To Commission A/c		5,000		Dec 31	By Balance b/d		64,500	70,000
			1,57,000	70,000				1,57,000	70,000
2017					2017
Jan 1	To Balance b/d		64,500	70,000

Solution NUM 6

M/s Ambika Traders

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash	Bank	Date	Particulars	L.F.	Cash	Bank
2017					2017
Jul 01	To Capital A/c		50,000		Jul 03	By Bank A/c	C	30,000
Jul 03	To Cash A/c	C		30,000	Jul 05	By Purchases A/c		10,000
Jul 15	To Rohan A/c		7,000		Jul 10	By Office Machine A/c		5,000
Jul 18	To Sales A/c		8,000		Jul 20	By Bank A/c	C	7,000
Jul 20	To Cash A/c	C		7,000	Jul 22	By Cartage A/c			500
					Jul 25	By Drawings A/c		2,000
					Jul 30	By Rent A/c			1,000
					Jul 30	By Balance c/d		11,000	35,500
			65,000	37,000				65,000	37,000
Aug 1	To Balance b/d		11,000	35,500

Solution NUM 7

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash	Bank	Date	Particulars	L.F.	Cash	Bank
2017					2017
Jul 01	To Balance b/d		7,500		Jul 01	By Balance b/d (Overdraft)			3,500
Jul 05	To Sales A/c		7,000		Jul 03	By Wages A/c		200
Jul 10	To Cash A/c	C		4,000	Jul 10	By Bank A/c	C	4,000
					Jul 15	By Purchases A/c			2,000
					Jul 20	By Rent A/c		500
					Jul 25	By Drawings A/c			400
					Jul 30	By Salaries A/c		1,000
Jul 30	To Balance c/d (overdraft)			1,900	Jul 30	Balance c/d		8,800
			14,500	5,900				14,500	5,900
Aug 1	To Balance b/d		8,800		Aug 1	By Balance b/d (Overdraft)			1,900

Recording of Transactions - II Exercise 155

Solution NUM 8

CASH BOOK

Dr.									Cr.
Date	Particular	L.F.	Cash	Bank	Date	Particular	L.F.	Cash	Bank
2017					2017
Jan 01	To Balance b/d		3,500		Jan 01	By Balance b/d			2,300
Jan 10	To Sales A/c		8,000		Jan 03	By Purchases A/c		1,200
Jan 15	To Cash A/c	C		6,000	Jan 05	By Wages A/c		200
Jan 22	To Sales A/c			2,000	Jan 15	By Bank A/c	C	6,000
					Jan 25	By Rent A/c			1,200
					Jan 28	By Drawings A/c			1,000
					Jan 31	By Purchases A/c			1,000
					Jan 31	By Balance c/d		4,100	2,500
			11,500	8,000				11,500	8,000
Feb 1	To Balance b/d		4,100	2,500

Solution NUM 9

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash	Bank	Date	Particulars	L.F.	Cash	Bank
2017					2017
Aug 01	To Balance c/d		17,500	5,000	Aug 03	By Purchases A/c		3,000
Aug 08	To Sales A/c		7,000		Aug 12	By Purchases A/c			20,000
Aug 10	To Cheque in hand A/c (Jasmeet)			10,000	Aug 15	By Establishment Expenses A/c			1,000
Aug 18	To Sales A/c		7,000		Aug 20	By Bank A/c	C	10,000
Aug 20	To Cash A/c	C		10,000	Aug 24	By Trade Expenses A/c		500
Aug 27	To Commission A/c			6,000	Aug 29	By Rent A/c		2,000
					Aug 30	By Drawings A/c		1,200
					Aug 31	By Salaries A/c		6,000
					Aug 31	By Balance c/d		8,800	10,000
			31,500	31,000				31,500	31,000
2017					2017
Sept 1	To Balance b/d		8,800	10,000

Note:

Cheque received from Jasmeet on 5^th August, 2017 will be recorded in Journal Proper:

		Rs.	Rs.
Cheque in Hand A/c	Dr.	10,000
To Jasmeet A/c			10,000
(Being cheque received from Jasmeet not yet deposited)

When the above cheque is deposited into bank (i.e., 10^th August, 2017) it will be recorded in debit column of Bank.

Solution NUM 10

M/s Ruchi Traders

CASH BOOK

Dr.									Cr.
Date	Particulars	L.F.	Cash Rs.	Bank Rs.	Date	Particular	L.F.	Cash Rs.	Bank Rs.
2017					2017
Jul 01	To Balance b/d		1,354	7,560	Jul 05	By Purchases A/c			6,000
Jul 03	To Sales A/c		2,300		Jul 12	By Trade expenses A/c		700
Jul 08	To Sales A/c		10,000		Jul 18	By Motor car A/c			15,000
Jul 15	To Sales A/c			20,000	Jul 25	By Manisha A/c (Dishonoured)			10,000
Jul 20	To Manisha A/c			10,000	Jul 28	By Rent A/c		2,000
Jul 22	To Sales A/c		7,000		Jul 29	By Telephone Expenses A/c			500
					Jul 31	By Drawings A/c		2,000
					Jul 31	By Balance c/d		15,954	6,060
			20,654	37,560				20,654	37,560
2017					2017
Aug 1	To Balance b/d		15,954	6,060

Recording of Transactions - II Exercise 156

Solution NUM 11

Petty Cash Book

Amount Received Rs.	Date	Particulars	Voucher No.	Amount Paid Rs.	Analysis of Payments
Amount Received Rs.	Date	Particulars	Voucher No.	Amount Paid Rs.	Telephone and Telegram	Postage	Conveyance	Refreshment	Cartage	Miscellaneous
2,000	Jan 01	To Cash A/c
	Jan 01	By Cartage A/c		50					50
	Jan 02	By STD charges A/c		40	40
	Jan 02	By Bus fare A/c		20			20
	Jan 03	By Postage A/c		30		30
	Jan 04	By Refreshment for employees A/c		80				80
	Jan 06	By Courier charges A/c		30		30
	Jan 08	By Refreshment of customer A/c		50				50
	Jan 10	By Cartage A/c		35					35
	Jan 15	By Taxi fare to manager A/c		70			70
	Jan 18	By Stationery A/c		65						65
	Jan 20	By Bus fare A/c		10			10
	Jan 22	By Fax Charges A/c		30	30
	Jan 25	By Telegrams charges A/c		35	35
	Jan 27	By Postage Stamps A/c		200		200
	Jan 29	By Repairs on Furniture A/c		105						105
	Jan 30	By Laundry expenses A/c		115						115
	Jan 31	By Miscellaneous expenses A/c		100						100
				1,065	105	260	100	130	85	385
	Jan 31	By Balance c/d		935
2,000				2,000
935	Feb 01	To Balance b/d
1,065	Feb 02	To Cash A/c

Solution NUM 12

Petty Cash Book

Amount received Rs.	Date	Particulars	Voucher No.	Amount paid	Analysis of payments
Amount received Rs.	Date	Particulars	Voucher No.	Amount paid	Stationery	Conveyance	Cartage	Postage	miscellaneous
	2017
500	Jan 24	To Cash A/c
	Jan 24	By Stationery A/c		100	100
	Jan 25	By Bus fare A/c		12		12
	Jan 25	By Cartage A/c		40			40
	Jan 26	By Taxi fare A/c		80		80
	Jan 27	By Wages to casual labour A/c		90					90
	Jan 29	By Postage A/c		80				80
				402	100	92	40	80	90
	Jan 30	By Balance c/d		98
500	2017			500
98	Jan 31	To Balance b/d
402	Jan 31	To Cash A/c

Solution NUM 13

Books of M/s. Gupta Traders

Purchases Book

Date	Invoice No.	Name of Supplier (Accounts to be credited)	L.F.	Details Rs.	Amount Rs.
2017
July 1	20041	Rahul Traders
		40 Registers @ Rs.60 each		2,400
		80 Gel Pens @ Rs.15 each		1,200
		50 Note books @ Rs.20 each		1,000
				4,600
		Less: Trade discount 10%		460	4,140

July 15	1132	Global Stationers
		40 Ink Pads @ Rs.8 each		320
		50 Files @ Rs.10 each		500
		20 Colour Books @ Rs.20 each		400
				1,220
		Less: Trade discount 5%		61	1,159

July 25	1111	Mumbai Traders
		10 Paper Rim @ Rs.100 per rim		1,000
		400 Drawing Sheets @ Rs.3 each		1,200
		20 Packet water colour @ Rs.40 per packet		800	3,000
July 31		Purchases A/c Dr.			8,299

Note:

Purchase of Furniture from Lamba Furniture is not recorded in Purchase Book as furniture is not considered goods for M/s Gupta Traders. According to transactions M/s Gupta Traders deal in stationery and not in furniture.

Recording of Transactions - II Exercise 157

Solution NUM 14

Books of M/s. Bansal Electronics

Sales book

Date	Invoice No.	Name of Customers (Accounts to be Debited )	L.F.	Details	Amount Rs.
2014
Sept 1	4321	Amit Traders
		20 Pocket Radio @70 per radio.		1,400
		2.T.V set, BandW (6'') @ Rs. 800 per T.V.		1,600	3,000

Sept 10	4351	Arun Electronics
		5 T.V. sets (20'') BandW@ Rs.3,000 per T.V.		15,000
		2 T.V. sets (21'') colour @ Rs.4800 per T.V.		9,600	24,600

Sept 22	4399	Handa Electronics
		10 Tape recorders @ Rs.600 each		6,000
		5 Walkman @ Rs.300 each		1,500	7,500

Sept 28	4430	Harish Traders
		10 Mixer Juicer Grinder @ Rs.800 each		8,000	8,000
Sept 30		Sales A/c Cr.			43,100

Solution NUM 15

Purchases Return Book

Date	Debit Note no.	Name of Supplier (Account to be debited )		L.F.	Amount Rs.
2017
April 05		M/s Kartik Traders			1,200
April 10		Sahil Pvt. Ltd.			2,500
April 17		M/s Kohinoor Traders
		List Price	2,000
		Less: 10% Trade discount	200		1,800
April 28		M/s Handa Traders			550

April 31		Purchase Return A/c	Cr.		6,050

Recording of Transactions - II Exercise 158

Solution NUM 16

Books of M/s. Bansal Electronics

Sales Return Book

Date	Credit Note no.	Name of Customer (Account to be Credited )	L.F.	Amount Rs.
2017
July 04		M/s Gupta Traders		1,500
July 10		M/s Harish Traders		800
July 18		M/s Rahul Traders		1,200
July 28		Sushil Traders		1,000
July 30		Sales Return A/c Dr.		4,500

Solution NUM 17

Journal

Purchases Book

Date	Invoice No.	Name of Supplier (Account to be credited)		L.F.	Amount Rs.
2017
Feb 04		Kushal Traders			2,480
Feb 14		Kunal Traders			5,200
Feb 17		Naresh			4,060
Feb 24		Kirit and Co.	5,700
		Less : trade discount 10%	(570)		5,130

Feb 28		Purchases A/c	Dr.		16,870

Sales Book

Date	Invoice No.	Name of Customer (Accounts to be debited )		L.F.	AmountRs.
2017
Feb 01		Sachin			5,000
Feb 06		Manish traders			2,100
Feb 10		Mukesh			3,300
Feb25		Shri Chand	6,600
		Less: 5% Trade discount	(330)		6,270
Feb 26		Ramesh Brothers			4,000

Feb 28		Sales A/c Cr.			20,670

Sales Return Book

Date	Credit Note no.	Name of Customer (Account to be Credited)	L.F.	Amount Rs.
2017
Feb 07		Sachin		600
Feb 22		Mukesh		250
Feb 28		Ramesh Brothers		500

Feb 28		Sales Return A/c Dr.		1,350

Purchases Return Book

Date	Debit Note no.	Name of supplier (Account to be debited )		L.F.	Amount Rs.
2017
Feb 08		Kushal Traders			280
Feb 20		Kunal Traders			200
Feb 28		Kirit and Co.	1000
		Less: 10% Trade Discount	(100)		900

Feb 28		Purchase Return A/c	Cr.		1,380

Journal Proper

Date	Particulars		L.F.	Debit Rs.	Credit Rs.
2017
Feb 15	Furniture A/c	Dr.		3,200
	To Tarun A/c				3,200
	(Being furniture purchased from tarun)

Ledger

Purchase Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 28	To Sundries as per Purchases Book		16,870
				Feb 28	By Balance c/d		16,870
			16,870				16,870

Sales Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Feb 28	By Sundries as per Sales Book		20,670
Feb 28	To Balance c/d		20,670
			20,670				20,670

Sales Return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 28	To Sundries as per Sales Return Book		1,350
				Feb 28	By Balance c/d		1,350
			1,350				1,350

Purchases Return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Feb 28	By Sundries as per Purchases Book		1,380
Feb 28	To Balance c/d		1,380
			1,380				1,380

Sachin's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 01	To Sales A/c		5,000	Feb 07	By Sales Return A/c		600
				Feb 28	By Balance c/d		4,400
			5,000				5,000

Kushal Traders' Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 08	To Purchases Return A/c		280	Feb 04	By Purchases A/c		2,480
Feb 28	To Balance c/d		2,200
			2,480				2,480

Manish Traders' Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 06	To Sales A/c		2,100
				Feb 28	By Balance c/d		2,100
			2,100				2,100

Mukesh's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 10	To Sales A/c		3,300	Feb 22	By Sales Return A/c		250
				Feb 28	By Balance c/d		3,050
			3,300				3,300

Kunal Traders' Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 20	To Purchase Return A/c		200	Feb 14	By Purchases A/c		5,200
Feb 28	To Balance c/d		5,000
			5,200				5,200

Furniture Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 15	To Tarun A/c		3,200
				Feb 28	By Balance c/d		3,200
			3,200				3,200

Tarun's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Feb 15	By Furniture A/c		3,200
Feb 28	To Balance c/d		3,200
			3,200				3,200

Naresh's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Feb 17	By Purchases A/c		4,060
Feb 28	To Balance c/d		4,060
			4,060				4,060

Kirit and Co. Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 28	To Purchases Return A/c		900	Feb 24	By Purchases A/c		5,130
Feb 28	To Balance c/d		4,230
			5,130				5,130

Shri Chand and Co. Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 25	To Sales A/c		6,270
				Feb 28	By Balance c/d		6,270
			6,270				6,270

Ramesh's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Feb 26	To Sales A/c		4,000	Feb 28	By Sales Return A/c		500
				Feb 28	By Balance c/d		3,500
			4,000				4,000

Solution NUM 18

Books of M/s Marble traders

Date	Particulars		L.F.	Debit Rs.	Credit Rs.
2017
April 1	Cash A/c	Dr.		6,000
	Bank A/c	Dr.		12,000
	Bills receivable A/c	Dr.		7,000
	Stock A/c	Dr.		5,400
	Rahul's A/c	Dr.		9,700
	Himanshu's A/c	Dr.		10,000
	To Ramesh's A/c				3,000
	To Bill's payable A/c				2,000
	To Capital A/c (balancing figure )				45,100
	(Being balance brought from last year)

April 01	Manish A/c	Dr.		3,000
	To Sales A/c				3,000
	(Being Goods sold to Manish)

Apr 02	Purchases A/c	Dr.		8,000
	To Ramesh A/c				8,000
	(Being goods purchased from Ramesh)

Apr 03	Cash A/c	Dr.		9,200
	Discount Allowed A/c	Dr.		500
	To Rahul A/c				9,700
	(Being cash received from Rahul and discount allowed)

Apr 05	Cash A/c	Dr.		4,000
	To Himanshu A/c				4,000
	(Being cash received from Himanshu)

Apr 06	Ramesh A/c	Dr.		6,000
	To Bank A/c				6,000
	(Being cheque issued to Ramesh)

Apr 08	Rent A/c	Dr.		1,200
	To Bank A/c				1,200
	(Being rent paid by cheque)

Apr 10	Cash A/c	Dr.		3,000
	To Manish A/c				3,000
	(Being cash received from Manish)

Apr 12	Cash A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being goods sold for cash)

Apr 14	Ramesh A/c	Dr.		1,000
	To Purchase Return A/c				1,000
	(Being goods returned to Ramesh)

Apr 15	Ramesh A/c	Dr.		4,000
	To Cash A/c				3,700
	To Discount Received A/c				300
	(Being Cash paid to Ramesh and discount received)

Apr 18	Kushal A/c	Dr.		10,000
	To Sales A/c				10,000
	(Being goods sold to Kushal)

Apr 20	Trade Expenses A/c	Dr.		200
	To Cash A/c				200
	(Being trade expenses paid)

Apr 21	Drawings A/c	Dr.		1000
	To Cash A/c				1000
	(Being cash withdrawn for personal use)

Apr 22	Sales Return A/c	Dr.		1200
	To Kushal				1200
	(Being Kushal retrun goods)

Apr 24	Cash A/c	Dr.		6000
	To Kushal A/c				6000
	(Being cash recived from Kushal)

Apr 26	Stationery A/c	Dr.		100
	To cash				100
	(Being stationery paid )

Apr 27	Postage A/c	Dr.		60
	To cash A/c				60
	(Being postage charges paid)

Apr 28	Salaries A/c	Dr.		2500
	To cash A/c				2500
	(Being salary paid)

Apr 29	Purchase A/c	Dr.		7000
	To Sheetal Traders				7000
	(Being goods purchased from Sheetal Traders)

Apr 30	Kirit A/c	Dr.		6000
	To sales A/c				6000
	(Being goods sold to Kirit)

Apr 30	Purchases A/c	Dr.		5000
	To Handa Traders				5000
	(Being goods Purchase from Handa Traders)

	Total			1,35,060	1,35,060

Ledger

Cash Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		6,000	Apr 15	By Ramesh A/c		3,700
Apr 03	To Rahul A/c		9,200	Apr 20	By Trade Expenses A/c		200
Apr 05	To Himanshu A/c		4,000	Apr 21	By Drawing A/c		1,000
Apr 10	To Manish A/c		3,000	Apr 26	By Stationery A/c		100
Apr 12	To Sales A/c		6,000	Apr 27	By Postage A/c		60
Apr 15	To Kushal A/c		6,000	Apr 28	By Salaries A/c		2,500
				Apr 30	By Balance c/d		26,640
			34,200				34,200

Bank Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		12,000	Apr 06	By Ramesh A/c		6,000
				Apr 08	By Rent A/c		1,000
				Apr 30	By Balance c/d		4,800
			12,000				12,000

Bills Receivable Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		7,000
				Apr 30	By Balance c/d		7,000
			7,000				7,000

Stock Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		5,400
				Apr 30	By Balance c/d		5,400
			5,400				5,400

Rahul's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		9,700	Apr 03	By Cash A/c		9,200
				Apr 03	By Discount allowed A/c		500
			9,700				9,700

Himanshu's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 01	To Balance b/d		10,000	Apr 05	By Cash A/c		4,000
				Apr 30	By Balance c/d		6,000
			10,000				10,000

Ramesh's Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 06	To Bank A/c		6,000	Apr 01	By Balance b/d		3,000
Apr 14	To Purchase return A/c		1,000	Apr 02	By Purchases A/c		8,000
Apr 15	To Cash A/c		3,700
Apr 15	To Discount Received A/c		300
			11,000				11,000

Bills payable Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 01	By Balance b/d		2,000
Apr 30	To Balance c/d		2,000
			2,000				2,000

Capital Accounts

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 01	By Balance b/d		45,100
Apr 30	To Balance c/d		45,100
			45,100				45,100

Manisha's Accounts

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 01	By Manisha A/c		3,000
				Apr 12	By Cash A/c		6,000
				Apr 18	By Kushal A/c		10,000
Apr 30	To Balance c/d		25,000	Apr 30	By Kirit A/c		6,000
			25,000				25,000

Purchases Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 02	To Ramesh A/c		8,000
Apr 29	To Sheetal traders A/c		7,000
Apr 30	To Handa traders A/c		5,000	Apr 30	By Balance c/d		20,000
			20,000				20,000

Discount Allowed Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 03	To rahul A/c		500
				Apr 30	By Balance c/d		500
			500				500

Rent account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 08	To Bank A/c		1,200
				Apr 30	By Balance c/d		1,200
			1,200				1,200

Discount received

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 15	By Ramesh A/c		300
Apr 30	To Balance c/d		300
			300				300

Kushal's account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 18	To sales A/c		10,000	Apr 22	By Sales return A/c		1,200
				Apr 24	By Cash A/c		6,000
				Apr 30	By Balance c/d		2,800
			10,000				10,000

Trade Expenses account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 20	To cash A/c		200
				Apr 30	By Balance c/d		200
			200				200

Drawings Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 21	To cash A/c		1,000
				Apr 30	By Balance c/d		1,000
			1,000				1,000

Sales return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 22	To Kushal A/c		1,200
				Apr 30	By Balance c/d		1,200
			1,200				1,200

Stationary Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 26	To cash A/c		100
				Apr 30	By Balance c/d		100
			100				100

Postage Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 27	To cash A/c		60
				Apr 30	By Balance c/d		60
			60				60

Salaries Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 28	To cash A/c		2,500
				Apr 30	By Balance c/d		2,500
			2,500				2,500

Sheetal Traders Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 29	By Purchases A/c		7,000
Apr 30	To Balance c/d		7,000
			7,000				7,000

Handa's traders

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 30	By purchases A/c		5,000
Apr 30	To Balance c/d		5,000
			5,000				5,000

Purchase Return Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
				Apr 14	By Ramesh A/c		1,000

Apr 30	To Balance c/d		1,000
			1,000				1,000

Kirit Account

Dr.							Cr.
Date	Particulars	J.F.	Amount Rs.	Date	Particulars	J.F.	Amount Rs.
2017				2017
Apr 30	To Sales A/c		6,000
				Apr 30	By Balance c/d		6,000
			6,000				6,000

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Class 11-commerce NCERT Solutions Accountancy Part I Chapter 4: Recording of Transactions - II

Recording of Transactions - II Exercise 152

Solution SA 1

Solution SA 2

Solution SA 3

Solution SA 4

Solution SA 5

Solution SA 6

Solution SA 7

Solution SA 8

Solution SA 9

Solution SA 10

Solution SA 11

Solution LA 1

Solution LA 2

Solution LA 3

Recording of Transactions - II Exercise 153

Solution LA 4

Solution LA 5

Solution LA 6

Solution NUM 1

Solution NUM 2

Solution NUM 3

Solution NUM 4

Recording of Transactions - II Exercise 154

Solution NUM 5

Solution NUM 6

Solution NUM 7

Recording of Transactions - II Exercise 155

Solution NUM 8

Solution NUM 9

Solution NUM 10

Recording of Transactions - II Exercise 156

Solution NUM 11

Solution NUM 12

Solution NUM 13

Recording of Transactions - II Exercise 157

Solution NUM 14

Solution NUM 15

Recording of Transactions - II Exercise 158

Solution NUM 16

Solution NUM 17

Solution NUM 18

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