Class 11commerce T S GREWAL Solutions Accountancy 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 