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T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 8 - Journal

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T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 8 - Journal Page/Excercise 8.51

Solution PQ 1

Book of Ramesh

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2018

 

 

 

 

 

April 01

Cash A/c

Dr.

 

1,00,000

 

 

--------To capital A/c

 

 

 

1,00,000

 

(Being Ramesh started business with cash)

 

 

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

20,000

 

 

--------To Cash A/c

 

 

 

20,000

 

(Being cash paid into bank)

 

 

 

 

 

 

 

 

 

 

April 03

Purchase A/c

Dr.

 

50,000

 

 

--------To Cash A/c

 

 

 

50,000

 

(Being purchased goods for cash )

 

 

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

10,000

 

 

--------To Bank A/c

 

 

 

10,000

 

(Being drew cash from bank for office use)

 

 

 

 

 

 

 

 

 

 

April 13

Krishna A/c

Dr.

 

15,000

 

 

--------To Sales A/c

 

 

 

15,000

 

(Being sold goods to Krishna on credit)

 

 

 

 

 

 

 

 

 

 

April 20

Purchase A/c

Dr.

 

22,500

 

 

--------To Shyam A/c

 

 

 

22,500

 

(Being bought goods from Shyam on credit )

 

 

 

 

 

 

 

 

 

 

April 24

Cash A/c

Dr.

 

12,500

 

 

Discount Allowed A/c

Dr.

 

500

 

 

--------To Krishna A/c

 

 

 

13,000

 

(Being received cash from Krishna and discount allowed)

 

 

 

 

 

 

 

 

 

 

April 28

Shyam A/c

Dr.

 

22,500

 

 

--------To Cash A/c

 

 

 

21,500

 

--------To Discount received A/c

 

 

 

1,000

 

(Being paid to Shyam and discount received)

 

 

 

 

 

 

 

 

 

 

April 28

Sales Return A/c

Dr.

 

2,000

 

 

--------To Krishna A/c

 

 

 

2,000

 

(Being goods return by krishna)

 

 

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

80,000

 

 

--------To Sales A/c

 

 

 

80,000

 

(Being sold goods for cash)

 

 

 

 

 

 

 

 

 

 

April 30

Rent A/c

Dr.

 

5,000

 

 

Salary A/c

Dr.

 

10,000

 

 

--------To Cash A/c

 

 

 

15,000

 

(Being rent and salary were paid )

 

 

 

 

 

 

 

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 8 - Journal Page/Excercise 8.52

Solution PQ 2

 

 

Books of Rahul

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2018

 

 

 

 

 

Jan. 01

Cash A/c

Dr.

 

1,00,000

 

 

--------To Capital A/c

 

 

 

1,00,000

 

(Being Rahul started business with cash)

 

 

 

 

 

 

 

 

 

 

Jan. 02

Bank A/c

Dr.

 

60,000

 

 

--------To Cash A/c

 

 

 

60,000

 

(Being paid into Bank)

 

 

 

 

 

 

 

 

 

 

Jan. 03

Purchase A/c

Dr.

 

20,000

 

 

--------To M/s. S. Singh of Co. A/c

 

 

 

20,000

 

(Being purchased goods from M/s S. Singh and Co)

 

 

 

 

 

 

 

 

 

 

Jan. 03

Cartage A/c

Dr.

 

300

 

 

--------To Cash A/c

 

 

 

300

 

(Being paid for Cartage)

 

 

 

 

 

 

 

 

 

 

Jan. 04

Furniture A/c

Dr.

 

2,000

 

 

Office Equipments A/c

Dr.

 

1,000

 

 

Computer A/c

Dr.

 

13,000

 

 

--------To Bank A/c

 

 

 

16,000

 

(Being Furniture, Office Equipments and Computer purchased through cheque)

 

 

 

 

 

 

 

 

 

 

Jan. 04

HP Printers A/c

Dr.

 

5,000

 

 

--------To Bank A/c

 

 

 

5,000

 

(Being Advance payment for placing an order for HP Printers)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan. 06

Postage A/c

Dr.

 

150

 

 

--------To Cash A/c

 

 

 

150

 

(Being paid for postage)

 

 

 

 

 

 

 

 

 

 

Jan. 08

Cash A/c

Dr.

 

4,000

 

 

--------To Sales A/c

 

 

 

4,000

 

(Being sold goods for Cash)

 

 

 

 

 

 

 

 

 

 

Jan. 09

M/s. S. Sharda and Co. A/c

Dr.

 

10,000

 

 

--------To Sales A/c

 

 

 

10,000

 

(Being sold goods to M/s. S. Sharda and Co.)

 

 

 

 

 

 

 

 

 

 

Jan. 15

M/s S. Singh and Co. A/c

Dr.

 

17,500

 

 

--------To Cash A/c

 

 

 

17,500

 

(Being paid to M/s S. Singh and Co.)

 

 

 

 

 

 

 

 

 

 

Jan. 25

M/s. Ray and Co. A/c

Dr.

 

5,600

 

 

--------To Sales A/c

 

 

 

5,600

 

(Being sold goods to M/s. Ray and Co)

 

 

 

 

 

 

 

 

 

 

Jan. 27

Bank A/c

Dr.

 

9,750

 

 

Discount Allowed A/c

Dr.

 

250

 

 

--------To M/s S. Sharda and Co. A/c

 

 

 

10,000

 

(Being cash received from M/s S. Sharda and Co. and discount allowed)

 

 

 

 

 

 

 

 

 

 

Jan. 31

Electricity Charges A/c

Dr.

 

1,000

 

 

Salary A/c

Dr.

 

1,500

 

 

--------To Cash A/c

 

 

 

2,500

 

(Being electricity charges and salary paid)

 

 

 

 

 

 

 

 

 

 

Jan. 31

Rent A/c

Dr.

 

2,500

 

 

Drawings A/c

Dr.

 

2,500

 

 

--------To Cash A/c

 

 

 

5,000

 

(Being rent paid half of which related to personal use)

 

 

 

 

 

 

 

 

 

 

Jan. 31

Drawings A/c

Dr.

 

3,500

 

 

--------To Cash A/c

 

 

 

3,500

 

(Being withdrew for private use)

 

 

 

 

 

Solution PQ 3

 

 

Journal

Sr. No.

Particulars

 

L.F.

Dr. 

Rs. 

Cr.

Rs. 

i.

Purchase A/c

Dr.

 

16,000

 

 

--------To Cash A/c

 

 

 

16,000

 

(Being goods purchase by cheque)

 

 

 

 

 

 

 

 

 

 

ii.

Purchase A/c

Dr.

 

17,000

 

 

--------To Cash A/c

 

 

 

17,000

 

(Being goods purchased by cash)

 

 

 

 

 

 

 

 

 

 

iii.

Purchase A/c

Dr.

 

24,000

 

 

--------To Amit A/c

 

 

 

24,000

 

(Being goods purchased by Amit on credit)

 

 

 

 

 

 

 

 

 

 

iv.

Purchase A/c

Dr.

 

35,000

 

 

--------To Cash A/c

 

 

 

35,000

 

(Being cash purchases)

 

 

 

 

 

 

 

 

 

 

v.

Amit A/c

Dr.

 

8,000

 

 

--------To Purchase Return A/c

 

 

 

8,000

 

(Being goods return by Amit)

 

 

 

 

 

 

 

 

 

 

vi.

Bank A/c

Dr.

 

36,000

 

 

--------To Sales A/c

 

 

 

36,000

 

(Being sold to Parul by cheque)

 

 

 

 

 

 

 

 

 

 

vii.

Cash A/c

Dr.

 

27,000

 

 

--------To Sales A/c

 

 

 

27,000

 

(Being sold goods for cash)

 

 

 

 

 

 

 

 

 

 

viii.

Pawan A/c

Dr.

 

18,000

 

 

--------To Sales A/c

 

 

 

18,000

 

(Being sold goods to Pawan on credit)

 

 

 

 

 

 

 

 

 

 

ix.

Yamini A/c

Dr.

 

23,000

 

 

--------To Sales A/c

 

 

 

23,000

 

(Being sold goods to Yamini on credit)

 

 

 

 

 

 

 

 

 

 

x.

Bhupesh A/c (WN 1)

Dr.

 

10,800

 

 

--------To Cash A/c

 

 

 

10,800

 

(Being sold goods to Bhupesh on credit)

 

 

 

 

 

 

 

 

 

 

xi.

Bank A/c (WN 2)

Dr.

 

47,812.50

 

 

--------To Sales A/c

 

 

 

47,812.50

 

(Being sold goods to cheque)

 

 

 

 

 

 

 

 

 

 

xii.

Sales Return A/c

Dr.

 

9,000

 

 

--------To Aman A/c

 

 

 

9,000

 

(Being goods return by Aman)

 

 

 

 

 

 

 

 

 

 

Working Notes:

1.  

Calculation of Sales Price

Sales Price = Goods Sold + Cost - trade discount  

Sales Price = 10,000 + 20% - 10% = Rs.10,800 

2.  

Calculation of Purchase and sales Price

Purchase Price = Purchases goods - Trade Discount

Purchase Price =50,000 - 15% = Rs.42,500

Sales Price = Goods Sold + Profit - trade discount

Sales Price = 42,500 + 25%  - 10% = Rs.47,812.50 

 

 

 

Solution PQ 4

Journal

Sr. No.

Particulars

 

L.F.

Dr. 

Rs. 

Cr.

Rs. 

i.

Cash A/c

Dr.

 

20,000

 

 

Discounted Allowed A/c

Dr.

 

500

 

 

--------To Bharat A/c

 

 

 

20,500

 

(Being Payment received from Bharat on cash)

 

 

 

 

 

 

 

 

 

 

ii.

Bank A/c

Dr.

 

35,000

 

 

Discounted Allowed A/c

Dr.

 

750

 

 

--------To Vikas A/c

 

 

 

35,750

 

(Being Payment received from Vikas on credit)

 

 

 

 

 

 

 

 

 

 

iii.

Cash A/c

Dr.

 

38,000

 

 

Discounted Allowed A/c

Dr.

 

2,000

 

 

--------To Akhil A/c

 

 

 

40,000

 

(Being Payment received from Akhil on cash)

 

 

 

 

 

 

 

 

 

 

iv.

Bank A/c

Dr.

 

50,000

 

 

--------To Amrit A/c

 

 

 

50,000

 

(Being Payment received from Amrit on credit)

 

 

 

 

 

 

 

 

 

 

v.

Suresh A/c

Dr.

 

40,000

 

 

--------To Cash A/c

 

 

 

39,200

 

--------To Discount Received A/c

 

 

 

800

 

(Being Payment mead to Suresh with Discount Received)

 

 

 

 

 

 

 

 

 

 

vi.

Mehar A/c

Dr.

 

26,000

 

 

--------To Cash A/c

 

 

 

25,000

 

--------To Discount Received A/c

 

 

 

1,000

 

(Being Payment mead to Mehar with Discount Received)

 

 

 

 

 

 

 

 

 

 

vii.

Yogesh A/c

Dr.

 

25,000

 

 

--------To Bank A/c

 

 

 

25,000

 

(Being Payment mead to Yogesh)

 

 

 

 

 

 

 

 

 

 

viii.

Purchase A/c

Dr.

 

97,000

 

 

--------To Bank A/c

 

 

 

97,000

 

(Being goods purchase to cheque)

 

 

 

 

 

 

 

 

 

 

ix.

Purchase A/c

Dr.

 

60,000

 

 

--------To Akash and co. A/c

 

 

 

30,000

 

--------To Cash A/c

 

 

 

29,100

 

--------To Discount Received A/c

 

 

 

900

 

(Being goods purchase to Akash and co.)

 

 

 

 

 

 

 

 

 

 

x.

Bank A/c

Dr.

 

29,400

 

 

--------To Sales A/c

 

 

 

29,400

 

(Being sold goods to cheque)

 

 

 

 

 

 

 

 

 

 

xi.

Vimal A/c

Dr.

 

30,000

 

 

Cash A/c

Dr.

 

29,400

 

 

Discount Allowed A/c

Dr.

 

600

 

 

--------To Aman A/c

 

 

 

60,000

 

(Being goods return by Aman)

 

 

 

 

 

 

 

 

 

 

 

T. S. Grewal Solution for Class 11 Commerce Accountancy Chapter 8 - Journal Page/Excercise 8.53

Solution PQ 5

 

Journal

Sr. No.

Particular

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

i.

Cash A/c

Dr.

 

7,500

 

 

Bad Debt A/c

Dr.

 

2,500