T. S. Grewal Solutions for Class 11-commerce Accountancy CBSE Chapter 8: Journal

Journal Exercise 8.68

Solution PQ 1

Book of Ramesh
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
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 kirshna)

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 )

Journal Exercise 8.69

Solution PQ 2

Books of Rahul
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
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. Shardaand 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)

Journal Exercise 8.70

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
	--------To Shyam's A/c				10,000
	(Being insolvency of Shyam with 75 paisa in a rupee recoverable)

ii.	Cash A/c	Dr.		5,000
	--------To Bad Debts Recovered A/c				5,000
	(Being amount written off as bad debts recovered )

iii.	Rent A/c	Dr.		8,000
	--------To Outstanding Rent A/c				8,000
	(Being rent due to landlord)

iv.	Salary A/c	Dr.		10,000
	--------To Outstanding Salary A/c				10,000
	(Being salary due to clerk)

v.	Advance to Rakesh Mohan A/c	Dr.		10,000
	--------To Bank A/c				10,000
	(Being advance paid to Rakesh Mohan for a future order)

Solution PQ 6

Journal
Sr. No.	Particulars		L.F.	Dr. Rs.	Cr. Rs.
i.	Charity A/c	Dr.		500
	--------To Purchase A/c				500
	(Being goods given as charity)

ii.	Bank A/c	Dr.		25,000
	Mayank A/c	Dr.		75,000
	--------To Sales A/c				1,00,000
	(Being goods sold partly thought bank and partly on credit )

iii.	Cash A/c	Dr.		975
	Discount Allowed A/c	Dr.		25
	--------To Harikrishna A/c				1,000
	(Being cash received from Harikrishna in full and final settlement )

iv.	Cash A/c	Dr.		600
	Bad Debts A/c	Dr.		400
	--------To Rajan A/c				1,000
	(Being first and final dividend received from Rajan in full settlement of his debt)

v.	Depreciation A/c	Dr.		1,000
	--------To Plant A/c				1,000
	(Being depreciation charged on plant)

vi.	Drawing A/c	Dr.		1,500
	--------To Interest on Drawing A/c				1,500
	(Being interest on drawing charged)

vii.	Cash A/c	Dr.		43,200
	--------To Sales A/c				40,000
	--------To VAT A/c				3,200
	(Being sold goods to Anil at 10% discount and 8% VAT )

	Cartage A/c	Dr.		100
	--------To Cash A/c				100
	(Being cartage paid)

Solution PQ 7

Journal
Sr. No.	Particular		L.F.	Dr. Rs.	Cr. Rs.
i.	Cash A/c	Dr.		37,500
	Bad Debt A/c	Dr.		12,500
	--------To Shyam's A/c				50,000
	(Being insolvency of Shyam with 75 paisa in a rupee recoverable)

ii.	Cash A/c	Dr.		25,000
	--------To Bad Debts Recovered A/c				25,000
	(Being amount written off as bad debts recovered )

iii.	Rent A/c	Dr.		40,000
	--------To Outstanding Rent A/c				40,000
	(Being rent due to landlord)

iv.	Depreciation A/c	Dr.		5,000
	--------To Office Furniture A/c				5,000
	(Being depreciation on office furniture)

v.	Salary A/c	Dr.		50,000
	--------To Outstanding Salary A/c				50,000
	(Being salary due to staff)

vi.	Income Tax A/c	Dr.		1,50,000
	--------To Bank A/c				1,50,000
	(Being income tax paid)

vi.	Bank A/c	Dr.		25,000
	--------To Commission Received A/c				25,000
	(Being received commission half in advance)

	Commission Received A/c	Dr.		12,500
	To Commission Received in Advance A/c				12,500
	(Being commission received in advance adjusted)

Solution PQ 8

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2018
June 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

June 02	Bank A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Cheque deposited from Savings A/c to Firm's A/c)

June 03	Cash A/c	Dr.		50,000
	To Ram's A/c				50,000
	(Received cash from Ram)

June 04	Purchases A/c	Dr.		15,000
	To Cash A/c				15,000
	(Goods purchased)

June 11	M/s Hari A/c	Dr.		12,000
	To Sales A/c				12,000
	(Goods sold on credit)

June 13	Ramavtar's A/c	Dr.		40,000
	To Cash A/c				40,000
	(Paid to Ramavtar)

June 17	Cash A/c	Dr.		10,000
	To M/s Hari A/c				10,000
	(Received from M/s Hari A/c)

June 20	Furniture A/c	Dr.		20,000
	To Cash A/c				20,000
	(Bought furniture for cash)

June 27	Rent A/c	Dr.		28,000
	To Cash A/c				28,000
	(Paid rent)

June 30	Salary A/c	Dr.		50,000
	To Cash A/c				50,000
	(Paid salary)

Journal Exercise 8.71

Solution PQ 9

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2019
Jan 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

Jan 02	Purchases A/c	Dr.		10,000
	To Cash A/c				10,000
	(Goods purchased for cash)

Jan 05	Purchases A/c	Dr.		6,000
	To Mohan A/c				6,000
	(Goods purchased on credit)

Jan 07	Bank A/c	Dr.		10,000
	To Cash A/c				10,000
	(Opened Bank A/c with Bank of India)

Jan 10	Furniture A/c	Dr.		2,000
	To Cash A/c				2,000
	(Furniture purchased)

Jan 15	Cash A/c	Dr.		8,000
	To Sales A/c				8,000
	(Goods sold)

Jan 20	Ram A/c	Dr.		5,600
	To Sales A/c				5,000
	(Goods sold)

Jan 25	Cash A/c	Dr.		2,500
	To Sales A/c				2,500
	(Goods sold with CGST and SGST @ 6% each)

Jan 27	Mohan's A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid to Mohan on account)

Jan 28	Sales Return A/c	Dr.		500
	To Ram's A/c				500
	(Ram returned goods)

Jan 31	Salary A/c	Dr.		9,000
	To Cash				9,000
	(Paid salaries)

Jan 31	Mohan's A/c	Dr.		600
	To Purchases Return A/c				600
	(Rejected and returned 10% of the goods supplied by Mohan)

Solution PQ 10

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2019
Jan 01	Cash A/c	Dr.		40,000
	To Capital A/c				40,000
	(Started business with cash)

Jan 02	Bank A/c	Dr.		60,000
	To Capital A/c				60,000
	(Cheque deposited from Savings A/c to Firm's A/c)

Jan 03	Purchases A/c	Dr.		20,000
	To M/s S. Singh and Co. A/c				20,000
	(Goods purchased)

Jan 04	Computer A/c	Dr.		15,000
	To Bank A/c				15,000
	(Purchased computer)

Jan 06	Postage A/c	Dr.		150
	To Cash A/c				150
	(Paid for postage)

Jan 08	Cash A/c	Dr.		4,000
	To Sales A/c				4,000
	(Goods sold)

Jan 09	M/s Sharda and Co. A/c	Dr.		10,000
	To Sales A/c				10,000
	(Goods sold)

Jan 15	M/s S. Singh and Co. A/c	Dr.		20,000
	To Cash A/c				19,500
	To Discount Received A/c				500
	(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
	(Goods sold with IGST @ 12%)

Jan 27	Bank A/c	Dr.		9,750
	Discount Allowed A/c	Dr.		250
	To M/s Sharda and Co. A/c				10,000
	(Received from M/s Sharda and Co., allowed discount)

Jan 31	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid for electricity charges)

Jan 31	Rent A/c	Dr.		2,500
	Drawings A/c	Dr.		2,500
	To Cash A/c				5,000
	(Paid rent for building, half building is occupied for residential purpose by proprietor)

Jan 31	Drawings A/c	Dr.		3,500
	To Cash				3,500
	(Paid salaries)

Journal Exercise 8.72

Solution PQ 11

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2018
July 01	Cash A/c	Dr.		80,000
	To Capital A/c				80,000
	(Started business with cash)

July 01	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash paid into bank)

July 01	Stationery A/c	Dr.		300
	Input CGST A/c	Dr.		18
	Input SGST A/c	Dr.		18
	To Cash A/c				336
	(Stationery purchased with CGST and SGST @ 6% each)

July 02	Purchases A/c	Dr.		21,000
	Input CGST A/c	Dr.		1,260
	Input SGST A/c	Dr.		1,260
	To Cash A/c				23,520
	(Purchased goods with CGST and SGST @ 6% each)

July 05	Cash A/c	Dr.		8,400
	To Sales A/c				7,500
	To Output CGST A/c				450
	To Output SGST A/c				450
	(Goods sold with CGST and SGST @ 6% each)

July 06	Furniture A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Banerjee Bros. A/c				5,600
	(Furniture purchased with CGST and SGST @ 6% each)

July 11	Mahendra A/c	Dr.		11,200
	To Sales A/c				10,000
	To Output CGST A/c				600
	To Output SGST A/c				600
	(Goods sold with CGST and SGST @ 6% each)

July 12	Cash A/c	Dr.		11,200
	To Mahendra A/c				11,200
	(Received from Mahendra)

July 16	Ramesh and Co. A/c	Dr.		5,600
	To Sales A/c				5,000
	To Output CGST A/c				300
	To Output SGST A/c				300
	(Goods sold with CGST and SGST @ 6% each)

July 20	Purchases A/c	Dr.		20,000
	Input IGST A/c	Dr.		2,400
	To S. Seth and Bros. A/c				22,400
	(Goods purchased with IGST @ 12%)

July 23	Purchases A/c	Dr.		2,250
	Input IGST A/c	Dr.		270
	To Cash A/c				2,520
	(Goods purchased with IGST @ 12%)

July 26	Cash A/c	Dr.		2,500
	To Ramesh and Co. A/c				2,500
	(Ramesh and Co. paid on account)

July 28	S. Seth and Bros. A/c	Dr.		22,400
	To Bank A/c				22,000
	To Discount Received A/c				400
	(Paid to S. Seth and Bros., received discount)

July 31	Rent A/c	Dr.		1,000
	To Rent Outstanding A/c				1,000
	(Rent due but not paid)

Solution PQ 12

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2019
Jan 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

Jan 02	Bank A/c	Dr.		3,50,000
	To Capital A/c				3,50,000
	(Opened Current A/c by personal cheque)

Jan 10	Machinery A/c	Dr.		1,00,000
	Input CGST A/c	Dr.		6,000
	Input SGST A/c	Dr.		6,000
	To Bank A/c				1,12,000
	(Machinery purchased with CGST and SGST @ 6% each)

Jan 15	Machinery A/c	Dr.		2,000
	To Cash A/c				2,000
	(Paid wages for the installation of machinery)

Jan 20	Purchases A/c	Dr.		18,000
	Input CGST A/c	Dr.		1,080
	Input SGST A/c	Dr.		1,080
	To Singh and Co. A/c				20,160
	(Purchased timber @ 10% trade discount, with CGST and SGST @ 6% each)

Jan 25	Office Furniture A/c	Dr.		5,000
	To Purchases A/c				5,000
	(Goods used for furnishing office)

Jan 31	Rakesh A/c	Dr.		10,080
	To Sales A/c				9,000
	To Output CGST A/c				540
	To Output SGST A/c				540
	(Goods sold with CGST and SGST @ 6% each)

Feb 10	Singh and Co. A/c	Dr.		20,160*
	To Bank A/c				20,160*
	To Discount Received A/c				-
	(Issued cheque in full settlement)

Feb 15	Cash A/c	Dr.		10,000
	Discount Allowed A/c	Dr.		80
	To Rakesh A/c				10,000
	(Received in full settlement)

Feb 20	Wages A/c	Dr.		15,000
	To Cash A/c				15,000
	(Paid wages)

Feb 28	Rent A/c	Dr.		5,000
	To Bank A/c				5,000
	(Issue cheque for rent of February)

Journal Exercise 8.73

Solution PQ 13

Calculation of Invoice value:
Purchased 500 pieces of car horns (Rs.200 each)	1,00,000
Less: Trade Discount @ 10%	(10,000)
	90,000
Add: Input IGST @12%	10,800
Invoice Value	1,00,800

In the books of M/s. Auto Aid, Delhi
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Purchases A/c	Dr.		90,000
	Input IGST @12%	Dr.		10,800
	--------To M/s Auto Horns				1,00,800
	(Being purchases the car horns less @10% trade discount, payable @12% IGST)

Solution PQ 14

Calculation of Trade Discount and Cash Discount value:
Purchased 500 pieces of Parker Pens (Rs.200 each)	1,00,000
**Less: Trade Discount @ 15%**	(15,000)
	85,000
Add: Input CGST @6%	5,100
Add: Input SGST @6%	5,100
	95,200
**Less: Cash Discount @ 5%**	4,760
	90,440

In the books of M/s. Vaish Traders, Delhi
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Purchases A/c	Dr.		85,000
	Input CGST @6%	Dr.		5,100
	Input SGST @6%	Dr.		5,100
	--------To Luxor pens Ltd.				90,440
	--------To Cash Discount A/c				4,760
	(Being purchases the Parker Pens less @15% trade discount and cash discount received @5%, payable CGST and SGST @6% each.)

Solution PQ 15

Calculation of Trade Discount
Purchased 500 pieces of Motor cycle (Rs.100 each)	50,000
**Less: Trade Discount @ 15%**	(5,000)
	45,000
Add: Input IGST @12%	5,400
	50,400

Note: Cash discount will not allowed because payment is paid on M/s. Auto Help after 30days.

In the books of M/s. Auto Help, Delhi
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Purchases A/c	Dr.		45,000
	Input IGST @12%	Dr.		5,400
	--------To M/s G.S. Auto				50,400
	(Being purchases the Motor cycle @10% trade discount, payable IGST @12%.)

Solution PQ 16

Full settlement of Rs.5000

Paid amount	5,000
Less: Paid cheque by Ajay	(4,800)
Discount Received	200

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Ajay A/c	Dr.		5,000
	--------To Bank A/c				4,800
	--------To Discount Received A/c				200
	(Being full settlement of `5000)

Solution PQ 17

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Cash/Bank A/c	Dr.		9,878
	Discount Allowed A/c (10,080 × 2%)	Dr.		202
	--------To Sales A/c				9,000
	--------To Output CGST @6% A/c				540
	--------To Output SGST @6% A/c				540
	(Being sales the goods less @10% trade discount and cash discount allowed @2%, payable CGST and SGST @6% each.)

Solution PQ 18

In the books of Amrit, Delhi
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Purchases A/c (25,000 - 15%)	Dr.		21,250
	Input IGST @12%	Dr.		2,550
	--------To Ayur Products, Agra (UP)				23,800
	(Being purchases the goods less @15% trade discount, payable IGST @12%.)

Solution PQ 19

In the books of Amrit, Delhi
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.

	Purchases A/c	Dr.		13,500
	Input CGST @6% A/c	Dr.		810
	Input SGST @6% A/c	Dr.		810
	--------To Cash/Bank A/c				14,666
	--------To Discount Received A/c (15,120 × 3%)				454
	(Being Purchases the goods less @10% trade discount and cash discount received @3%, payable CGST and SGST @6% each.)

Solution PQ 20

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
	Purchases A/c	Dr.		1,08,000
	Input IGST A/c	Dr.		12,960
	To Hero Cycles A/c				1,20,960
	(Goods purchased @ 10% trade discount, with IGST @ 12%)

	Hero Cycles A/c	Dr.		12,096
	To Purchases Return A/c				10,800
	To Input IGST A/c				1,296
	(Returned 10 cycles)

	Hero Cycles A/c	Dr.		1,08,864
	To Cash A/c				1,05,598
	To Discount Received A/c				3,266
	(Balance paid after availing cash discount of 3%)

Solution PQ 21

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
Jan 04	Gupta Shawls A/c	Dr.		16,800
	To Sales A/c				15,000
	To Output IGST A/c				1,800
	(Goods sold @ 25% trade discount, with IGST @ 12%)

Jan 14	Cash A/c	Dr.		8,400
	To Gupta Shawls A/c				8,400
	(50% payment received)

Feb 10	Cash A/c	Dr.		8,400
	To Gupta Shawls A/c				8,400
	(Balance 50% payment received)

Journal Exercise 8.74

Solution PQ 23

Journal
Date	Particulars		L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2019
Apr 01	Bank A/c	Dr.		60,000
	To Capital A/c				60,000
	(Paid into bank as Capital)

Apr 02	Purchases A/c	Dr.		24,000
	Input CGST A/c	Dr.		1,440
	Input SGST A/c	Dr.		1,440
	To Bank A/c				26,880
	(Goods purchased with CGST and SGST @ 6% each)

Apr 03	Mukand and Co. A/c	Dr.		7,504
	To Sales A/c				6,700
	To Output CGST A/c				402
	To Output SGST A/c				402
	(Goods sold with CGST and SGST @ 6% each)

Apr 04	Cash A/c	Dr.		12,208
	To Sales A/c				10,900
	To Output CGST A/c				654
	To Output SGST A/c				654
	(Goods sold with CGST and SGST @ 6% each)

Apr 05	Sundry Expenses A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid sundry expenses)

Apr 08	Office Furniture and Fittings A/c	Dr.		4,000
	Input CGST A/c	Dr.		240
	Input SGST A/c	Dr.		240
	To Bank A/c				4,480
	(Paid for office furniture and fittings)

Apr 09	Purchases A/c	Dr.		10,600
	Input IGST A/c	Dr.		1,272
	To Ramesh and Bros. A/c				11,872
	(Goods purchased with IGST @ 12%)

Apr 10	Mahendra A/c	Dr.		20,944
	To Sales A/c				18,700
	To Output CGST A/c				1,122
	To Output SGST A/c				1,122
	(Goods sold with CGST and SGST @ 6% each)

Apr 11	Ramesh and Bros. A/c	Dr.		1,680
	To Purchases Return A/c				1,500
	To Input IGST A/c				180
	(Returned goods)

Apr 12	Ramesh and Bros. A/c	Dr.		10,192
	To Bank A/c				9,000
	To Discount Received A/c				1,192
	(Issue cheque in full settlement)

Apr 14	Cash A/c	Dr.		5,488
	To Sales A/c				4,900
	To Output CGST A/c				294
	To Output SGST A/c				294
	(Goods sold with CGST and SGST @ 6% each)

Apr 30	Bank Interest A/c	Dr.		200
	To Bank A/c				200
	(Bank charged interest)

Apr 30	Cash A/c	Dr.		50,000
	To 10% Loan from Ridhi A/c				50,000
	(Borrowed from Ridhi)

Apr 30	Cash A/c	Dr.		6,000
	To Mahendra's A/c				6,000
	(Received on account)

Apr 30	Cash A/c	Dr.		2,000
	To Capital A/c				2,000
	(Sold household furniture and paid into business)

Apr 30	Cash A/c	Dr.		5,376
	To Sales A/c				4,800
	To Output CGST A/c				288
	To Output SGST A/c				288
	(Goods sold with CGST and SGST @ 6% each)

Apr 30	Sunil's A/c	Dr.		21,654
	To Sales A/c				19,200
	To Cartage A/c				150
	To Output CGST A/c				1,152
	To Output SGST A/c				1,152
	(Goods sold with CGST and SGST @ 6% each)

Solution PQ 22

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
(i)	Cash A/c	Dr.		11,700
	Discount Allowed A/c	Dr.		300
	To Hari Krishan's A/c				12,000
	(Received in full settlement)

(ii)	Cash A/c	Dr.		11,700
	To Shyam's A/c				11,700
	(Received from Shyam on account)

(iii)	Cash A/c	Dr.		4,900
	Bad Debts A/c	Dr.		2,100
	To Rajagopal's A/c				7,000
	(Received 70 paise in a rupee from a debtor of Rs 7,000)

(iv)	A.K. Mandal's A/c	Dr.		3,000
	To Cash A/c				2,880
	To Discount Received A/c				120
	(Paid in full settlement)

(v)	S.K. Gupta's A/c	Dr.		2,880
	To Cash A/c				2,880
	(Paid on account to S.K. Gupta)

Solution PQ 24

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
Apr 01	Bank A/c	Dr.		21,000
	To Cash A/c				21,000
	(Paid into bank for opening a Current A/c)

Apr 02	Drawings A/c	Dr.		5,000
	To Cash A/c				5,000
	(Withdrew for private expenses)

Apr 04	Cash A/c	Dr.		3,000
	To Bank A/c				3,000
	(Withdrew from bank)

Apr 5	Fixed Deposit A/c	Dr.		5,000
	To Bank A/c				5,000
	(Placed on FD by transfer from Current A/c)

Apr 10	Cheques in Hand A/c	Dr.		2,940
	Discount Allowed A/c	Dr.		60
	To Shiv and Co. A/c				3,000
	(Received from Shiv and Co., allowed 2% discount)

Apr 14	Bank A/c	Dr.		2,940
	To Cheques in Hand A/c				2,940
	(Shiv and Co.'s cheque banked)

Apr 16	Shiv and Co. A/c	Dr.		2,950
	To Bank A/c				2,950
	(Shiv and Co.'s cheque dishonoured)

Apr 17	Bank A/c	Dr.		3,000
	To Shiv and Co. A/c				2,950
	To Interest A/c				50
	(Shiv and Co. settled his account)

Note for Apr 17

Cheque of Rs.2,940 dishonoured. Bank charged Rs.10 (to be recovered from Shiv and Co.). Total due from Shiv and Co. Rs.2,950. New cheque received for Rs.3,000, so interest charged should be Rs.50 (not Rs.40, as given in the book).

Journal Exercise 8.75

Solution PQ 25

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
(i)	Drawings A/c	Dr.		5,600
	To Purchases A/c				5,000
	To Input CGST A/c				300
	To Input SGST A/c				300
	(Goods used for personal use)

(ii)	Bad Debts A/c	Dr.		2,000
	To Sohan's A/c				2,000
	(Debtors proved bad)

(iii)	Loss by Fire A/c	Dr.		6,720
	To Purchases A/c				6,000
	To Input CGST A/c				360
	To Input SGST A/c				360
	(Uninsured goods lost by fire)

(iv)	Machine A/c	Dr.		4,000
	To Cash A/c				4,000
	(Wages paid for installation of machine)

(v)	Cash A/c	Dr.		19,152
	Discount Allowed A/c	Dr.		1,008
	To Sales A/c				18,000
	To IGST A/c				2,160
	(Goods purchased and discount allowed)

(vi)	Cash A/c	Dr.		2,000
	To Bad Debts Recovered A/c				2,000
	(Debtor written-off previously paid off)

(vii)	Charity A/c	Dr.		2,200
	To Purchases A/c				1,000
	To Input CGST A/c				600
	To Input SGST A/c				600
	(Goods given as charity)

(viii)	Cash A/c	Dr.		9,750
	Discount Allowed A/c	Dr.		250
	To Ramesh's A/c				10,000
	(Received from Ramesh in full settlement)

(ix)	Prepaid Rent A/c	Dr.		4,000
	To Cash A/c				4,000
	(Paid rent in advance)

Solution PQ 26

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
(i)	Cash A/c	Dr.		15,000
	Bad-Debts A/c	Dr.		10,000
	To Raj's A/c				25,000
	(Received 60 paise in full and final settlement)

(ii)	Rent A/c	Dr.		10,000
	To Rent Outstanding A/c				10,000
	(Owed rent to landlord)

(iii)	Depreciation A/c	Dr.		5,000
	To Furniture A/c				5,000
	(10% depreciation charged on furniture)

(iv)	Salaries A/c	Dr.		20,000
	To Salaries Outstanding A/c				20,000
	(Salaries due to employees)

(v)	Cash A/c	Dr.		8,500
	Discount Allowed A/c	Dr.		1,580
	To Sales A/c				9,000
	To Output CGST A/c				540
	To Output SGST A/c				540
	(Goods sold with CGST and SGST @ 6% each)

(vi)	Interest on Capital A/c	Dr.		10,000
	To Capital A/c				10,000
	(Interest on capital allowed @ 10% p.a.)

(vii)	Loss of Stock by Theft A/c	Dr.		5,600
	To Purchases A/c				5,000
	To Input IGST A/c				600
	(Goods lost by theft)

Solution PQ 27

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
(i)	*No Entry*

(ii)	Cash A/c	Dr.		25,000
	To Advance from Ak and Co.				25,000
	(Advance received against order)

(iii)	Outstanding Salary A/c	Dr.		40,000
	To Cash A/c				40,000
	(Payment of outstanding salaries)

(iv)	Bharat's A/c	Dr.		11,200
	To Sales A/c				10,000
	To Output IGST A/c				1,200
	(Goods sold with IGST 12%)

	Sales Return A/c	Dr.		2,000
	Output IGST A/c	Dr.		240
	To Bharat's A/c				2,240
	(One-fifth goods returned by Bharat)

(v)	Feroz's A/c	Dr.		20,000
	To Bank A/c				20,000
	(Cheque issued by Feroz dishonoured)

(vi)	Cash A/c	Dr.		8,000
	Bad Debts A/c	Dr.		12,000
	To Feroz's A/c				20,000
	(Received 40 paise in a rupee as full and final settlement from Feroz)

(vii)	Cheque in Hand A/c	Dr.		25,000
	To Mohan's A/c				25,000
	(Received cheque from Mohan, not banked)

(viii)	Purchases A/c	Dr.		10,000
	Input IGST A/c	Dr.		1,200
	To Barun's A/c				11,200
	(Goods purchased with IGST 12%)

	Arun's A/c	Dr.		22,400
	To Sales A/c				20,000
	To Output IGST A/c				2,400
	(Goods sold with IGST 12%)

(ix)	Sales Return A/c	Dr.		6,000
	Output IGST A/c	Dr.		720
	To Arun's A/c				6,720
	(Goods returned by Arun)

	Barun's A/c	Dr.		6,720
	To Purchases Return A/c				6,000
	To Input IGST A/c				720
	(Goods returned to Barun)

(x)	TV A/c	Dr.		2,00,000
	Input IGST A/c	Dr.		24,000
	To Cash A/c				2,24,000
	(TV purchased with IGST @ 12%)

	Cash A/c	Dr.		2,80,000
	To TV A/c				2,00,000
	To Profit on Sale of TV A/c				50,000
	To Output CGST A/c				15,000
	To Output SGST A/c				15,000
	(TV sold with CGST and SGST @ 6% each)

(xi)	Insurance A/c	Dr.		12,000
	Input CGST A/c	Dr.		720
	Input SGST A/c	Dr.		720
	To Cash A/c				13,440
	(Paid insurance with CGST and SGST @ 6% each)

(xii)	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Sold personal car and invested the proceeds into business)

(xiii)	Insurance Company A/c	Dr.		1,12,000
	To Purchases A/c				1,00,000
	To Input CGST A/c				6,000
	To Input SGST A/c				6,000
	(Claim lodged with insurance company, including CGST and SGST)

	Bank A/c	Dr.		75,000
	Loss by Fire A/c	Dr.		37,000
	To Insurance Company A/c				1,12,000

(xiv)	Machinery A/c	Dr.		65,000
	Input IGST A/c	Dr.		6,000
	To Cash A/c				71,000
	(Purchased machinery with IGST @ 12%)

(xv)	Bank A/c	Dr.		47,416
	Discount Allowed A/c	Dr.		968
	To Sales A/c				43,200
	To Output CGST A/c				2,592
	To Output SGST A/c				2,592
	(Goods sold @ 10% trade discount, 2% cash discount with CGST and SGST @ 6% each)

(xvi)	Machinery A/c	Dr.		50,000
	Bank Charges A/c	Dr.		500
	To Bank A/c				50,500
	(Purchased machinery and paid by band draft)

Journal Exercise 8.76

Solution PQ 28

Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
Jan 01	Cash A/c	Dr.		25,000
	To Capital A/c				25,000
	(Commenced business with cash)

Jan 02	Bank A/c	Dr.		2,25,000
	To Capital A/c				2,25,000
	(Cheque deposited from Savings A/c to Firm's A/c)

Jan 03	Purchases A/c	Dr.		54,000
	Input CGST A/c	Dr.		3,240
	Input SGST A/c	Dr.		3,240
	To Ramesh and Co. A/c				60,480
	(Goods purchased with CGST and SGST @ 6% each)

Jan 03	Rajesh's A/c	Dr.		67,200
	To Sales A/c				60,000
	To Output CGST A/c				3,600
	To Output SGST A/c				3,600
	(Goods sold with CGST and SGST @ 6% each)

Jan 07	Purchases A/c	Dr.		65,000
	Input IGST A/c	Dr.		7,800
	To Rahul's A/c				72,800
	(Goods purchased with IGST @ 12%)

Jan 08	Wages A/c	Dr.		8,000
	To Cash A/c				8,000
	(Paid wages in cash)

Jan 08	Mahesh's A/c	Dr.		67,200
	To Sales A/c				60,000
	To Output CGST A/c				7,200
	(Goods sold with ISGST @ 12%)

Jan 10	Bank A/c	Dr.		66,000
	Discount Allowed A/c	Dr.		1,200
	To Rajesh's A/c				67,200
	(Received cheque from Rajesh and allowed discount)

Jan 10	Bank A/c	Dr.		66,000
	To Cash A/c				66,000
	(Paid into bank)

Jan 11	Ramesh and Co. A/c	Dr.		54,000
	To Cash A/c				51,300
	To Discount Received A/c				2,700
	(Paid to Ramesh and Co. and received discount)

Jan 12	Rent A/c	Dr.		45,000
	Input CGST A/c	Dr.		2,700
	Input SGST A/c	Dr.		2,700
	To Cash A/c				50,400
	(Paid rent with CGST and SGST @ 6% each)

Jan 15	Wages A/c	Dr.		8,000
	To Cash A/c				8,000
	(Paid wages in cash)

Jan 15	Office Expenses A/c	Dr.		700
	To Cash A/c				700
	(Paid office expenses in cash)

Jan 21	Mahesh's A/c	Dr.		28,000
	To Sales A/c				25,000
	To Output CGST A/c				1,500
	To Output SGST A/c				1,500
	(Goods sold with CGST and SGST @ 6% each)

Jan 22	Office Expenses A/c	Dr.		500
	To Cash A/c				500
	(Paid office expenses in cash)

Jan 22	Rahul A/c's	Dr.		64,500
	To Bank A/c				61,300
	To Discount Received A/c				3,200
	(Paid Rahul by cheque)

Jan 25	Bank A/c	Dr.		65,700
	Discount Allowed A/c	Dr.		1,500
	To Mahesh's A/c				67,200
	(Received from Mahesh)

Jan 27	Sales Return A/c	Dr.		2,000
	Output CGST A/c	Dr.		120
	Output SGST A/c	Dr.		120
	To Mahesh's A/c				2,240
	(Mahesh returned goods, not up to sample)

Jan 29	Wages A/c	Dr.		10,000
	To Cash A/c				10,000
	(Paid wages in cash)

Jan 31	Office Expenses A/c	Dr.		400
	To Cash A/c				400
	(Paid office expenses in cash)

Jan 31	Salaries A/c	Dr.		20,000
	To Cash A/c				20,000
	(Paid salaries for the month)

Solution PQ 29

In the Books of Manoj Store
Journal
Sr. No.	Particular		L.F.	Dr. Rs.	Cr. Rs.
i.	Purchase A/c	Dr.		16,000
	Input IGST Paid A/c	Dr.		1,920
	--------To Ramesh A/c				17,920
	(Being goods purchased from Ramesh at 20% trade discount plus IGST @12%)

ii.	Krishna A/c	Dr.		10,080
	--------To Sales A/c				9,000
	--------To Output IGST A/c				1,080
	(Being goods sold to Krishna for `9,000 plus IGST @12%)

iii.	Bank A/c	Dr.		11,200
	--------To Sales A/c				10,000
	--------To VAT Collected A/c				1,200
	(Being goods worth `10,000 sold and charged IGST @12%)

iv.	Bank A/c	Dr.		5,000
	--------To Cash A/c				5,000
	(Being deposited into saving account)

v.	Machinery A/c	Dr.		4,00,000
	--------To Advance (Purchase) A/c				40,000
	--------To Capital A/c				1,60,000
	--------To Bank A/c				2,00,000
	(Being purchase machinery for old machinery exchange and bank transaction)

vi.	Machinery A/c	Dr.		2,500
	--------To Cash A/c				2,500
	(Being paid for machinery installation charges)

Note: An old personal machinery in exchange of Rs.30,000 and bank transaction of Rs.1,30,000 from Saving account will increasing the Capital account of proprietor.

Journal Exercise 8.77

Solution PQ 30

In the books of Rahman
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
1^st April	Cash-in-Hand A/c	Dr.		11,200
	Cash-at-Bank A/c	Dr.		2,57,600
	Bills Receivable A/c	Dr.		68,800
	Jai Ram A/c	Dr.		16,000
	Ram Kumar A/c	Dr.		48,080
	Office Furniture A/c	Dr.		52,800
	Stock-in-Trade A/c	Dr.		4,16,000
	--------To Doulat Ram A/c				1,74,720
	--------To Hari Ram A/c				2,16,960
	--------To Bills Payable A/c				80,000
	--------To Capital A/c (Balancing Amount)				3,98,800
	(Being balances of assets and liabilities and capital brought forward.)

Solution PQ 31

In the books of Tendulkar
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
1^st April	Stock-in-Hand A/c	Dr.		2,88,000
	Cash at Bank A/c	Dr.		2,16,000
	Plant and Machinery A/c	Dr.		1,20,000
	Debtors A/c	Dr.		60,000
	Investment A/c	Dr.		2,40,000
	--------To Creditors A/c				96,000
	--------To Loan A/c				1,80,000
	--------To Bills Payable A/c				48,000
	--------To Capital A/c (Balancing Amount)				6,00,000
	(Being balances of assets and liabilities and capital brought forward.)

Solution PQ 32

In the books of Vikas
Journal
Date	Particulars		L.F.	Dr. Rs.	Cr. Rs.
2019
April 01	Land and Building A/c	Dr.		1,50,000
	Plant and Machinery A/c	Dr.		2,50,750
	Chandra and Sons A/c	Dr.		71,270
	Closing stock A/c	Dr.		56,250
	Bank A/c	Dr.		75,250
	Cash A/c	Dr.		15,700
	--------To Salary Payable A/c				15,000
	--------To Magic traders A/c				27,220
	--------To Babbar and Co. Ltd's A/c				11,770
	--------To Capital A/c *				5,65,230
	(Being opening entry made)

* Capital Account is tally amount of Balancing Figure.

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Class 11-commerce T S GREWAL Solutions Accountancy Chapter 8 - Journal