T S GREWAL Solutions for Class 11-commerce Accountancy Chapter 8 - Journal
Chapter 8 - Journal Exercise 8.68
Q 1
Book of Ramesh |
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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 ) |
|
|
|
|
Chapter 8 - Journal Exercise 8.69
Q 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) |
|
|
|
|
Q 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
Q 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) |
|
|
|
|
|
|
|
|
|
|
Chapter 8 - Journal Exercise 8.70
Q 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) |
|
|
|
|
Q 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) |
|
|
|
|
|
|
|
|
|
|