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Class 11-commerce T S GREWAL Solutions Accountancy Chapter 9: Ledger

Ledger Exercise 9.25

Solution PQ 1

 

 

Journal

Date

Particular

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

April 01

Cash A/c

Dr.

 

50,000

 

 

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

 

 

 

50,000

 

(Being commenced business with cash)

 

 

 

 

 

 

 

 

 

 

April 03

Purchase A/c

Dr.

 

20,000

 

 

--------To Rita A/c

 

 

 

20,000

 

(Being goods purchase on credit)

 

 

 

 

 

 

 

 

 

 

April 04

Rita A/c

Dr.

 

10,000

 

 

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

 

 

 

10,000

 

(Being paid to Rita)

 

 

 

 

 

 

 

 

 

 

April 06

Rohit A/c

Dr.

 

25,000

 

 

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

 

 

 

25,000

 

(Being goods sold to Rohit on credit)

 

 

 

 

 

 

 

 

 

 

April 08

Cash A/c

Dr.

 

20,000

 

 

--------To Rohit A/c

 

 

 

20,000

 

(Being Cash received from Rohit )

 

 

 

 

 

 

 

 

 

 

April 12

Purchase A/c

Dr.

 

12,000

 

 

--------To Rita A/c

 

 

 

12,000

 

(Being goods purchase on credit)

 

 

 

 

 

 

 

 

 

 

April 18

Rita A/c

Dr.

 

20,000

 

 

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

 

 

 

20,000

 

(Being paid to Rita)

 

 

 

 

 

 

 

 

 

 

April 25

Rohit A/c

Dr.

 

10,000

 

 

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

 

 

 

10,000

 

(Being goods sold to Rohit)

 

 

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

6,000

 

 

--------To Rohit A/c

 

 

 

6,000

 

(Being Cash received from Rohit )

 

 

 

 

 

 

Ledgers

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 1

To Capital A/c

 

50,000

April 4

By Rita A/c

 

10,000

April 8

To Rohit's A/c

 

20,000

April 18

By Rita A/c

 

20,000

April 30

To Rohit's A/c

 

6,000

April 30

By Balance c/d

 

46,000

 

 

 

76,000

 

 

 

76,000

 

 

 

 

 

 

 

 

May 1

To Balance b/d

 

46,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

50,000

April 1

By Cash A/c

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

May 1 

By Balance b/d 

 

50,000

 

 

 

 

 

 

 

 

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 3

To Rita's A/c

 

20,000

April 30

By Balance c/d

 

32,000

April 12

To Rita's A/c

 

12,000

 

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

May 1

To Balance b/d

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Rita's Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 4

To Cash A/c

 

10,000

April 3

By Purchase A/c

 

20,000

April 18

To Cash A/c

 

20,000

April 12

By Purchase A/c

 

12,000

April 30

To Balance c/d

 

2,000

 

 

 

 

 

 

 

32,000

 

 

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

May 1 

By Balance b/d

 

2,000

 

 

 

 

 

 

 

 

 

Rohit's Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 6

To Sales A/c

 

25,000

April 8

By Cash A/c

 

20,000

April 25

To Sales A/c

 

10,000

April 30

By Cash A/c

 

6,000

 

 

 

 

April 30

By Balance c/d

 

9,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

May 1 

To Balance b/d

 

9,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

35,000

April 6

By Rohit's A/c

 

25,000

 

 

 

 

April 25

By Rohit's A/c

 

10,000

 

 

 

35,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

 

 

 

May 1 

By Balance b/d

 

35,000

 

 

 

 

 

 

 

 

 

Solution PQ 2

 

Journal 

Date 

Particulars 

L.F. 

Debit 

Amount 

(Rs.) 

Credit 

Amount 

(Rs.) 

2019

 

 

 

 

 

Jan 01

Cash A/c

Dr.

 

1,00,000

 

 

 To Capital A/c

 

 

 

1,00,000

 

(Started business with cash)

 

 

 

 

 

 

 

 

 

 

Jan 02

Purchases A/c

Dr.

 

20,000

 

 

 To Cash A/c

 

 

 

20,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Jan 03

Cash A/c

Dr.

 

7,000

 

 

 To Sales A/c

 

 

 

7,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan 15

Shravan A/c

Dr.

 

6,000

 

 

 To Sales A/c

 

 

 

6,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan 18

Purchases A/c

Dr.

 

50,000

 

 

 To Anurag A/c

 

 

 

50,000

 

(Goods purchased on credit)

 

 

 

 

 

 

 

 

 

 

Jan 19

Anurag A/c

Dr.

 

5,000

 

 

 To Purchases Return A/c

 

 

 

5,000

 

(Goods returned)

 

 

 

 

 

 

 

 

 

 

Jan 20

Cash A/c

Dr.

 

30,000

 

 

 To Sales A/c

 

 

 

30,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan 22

Electricity Expenses A/c

Dr.

 

1,000

 

 

 To Cash A/c

 

 

 

1,000

 

(Paid electricity bill)

 

 

 

 

 

 

 

 

 

 

Jan 28

Telephone Expenses A/c

Dr.

 

500

 

 

 To Cash A/c

 

 

 

500

 

(Paid telephone bill)

 

 

 

 

 

 

 

 

 

 

Jan 29

Rent A/c

Dr.

 

800

 

 

 To Cash A/c

 

 

 

800

 

(Paid rent)

 

 

 

 

 

 

 

 

 

 

Jan 31

Wages A/c

Dr.

 

3,000

 

 

 To Cash A/c

 

 

 

3,000

 

(Paid wages)

 

 

 

 

 

 

Cash Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 01

Capital A/c

 

1,00,000

Jan 02

Purchases A/c

 

20,000

Jan 03

Sales A/c

 

7,000

Jan 22

Electricity Expenses A/c

 

1,000

Jan 20

Sales A/c

 

30,000

Jan 28

Telephone Expenses A/c

 

500

 

 

 

 

Jan 29

Rent A/c

 

800

 

 

 

 

Jan 31

Wages A/c

 

3,000

 

 

 

 

Jan 31

Balance c/d

 

1,11,700

 

 

 

1,37,000

 

 

 

1,37,000

 

 

 

 

 

 

 

 

 

 

Purchases Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 02

Cash A/c

 

20,000

Jan 31

Balance c/d

 

70,000

Jan 18

Anurag A/c

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

70,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

 

Purchases Return Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 31

Balance c/d

 

5,000

Jan 19

Anurag A/c

 

5,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Sales Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 31

Balance c/d

 

43,000

Jan 03

Cash A/c

 

7,000

 

 

 

 

Jan 15

Shravan A/c

 

6,000

 

 

 

 

Jan 20

Cash A/c

 

30,000

 

 

 

43,000

 

 

 

43,000

 

 

 

 

 

 

 

 

 

Wages Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 31

Cash A/c

 

3,000

Jan 31

Balance c/d

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

 

 

Rent Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 29

Cash A/c

 

800

Jan 31

Balance c/d

 

800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

800

 

 

 

800

 

 

 

 

 

 

 

 

 

Electricity Expenses Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 22

Cash A/c

 

1,000

Jan 31

Balance c/d

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Telephone Expenses Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 28

Cash A/c

 

500

Jan 31

Balance c/d

 

500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Capital Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 01

Cash A/c

 

1,00,000

Jan 31

Balance c/d

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

 

Anurag Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(`) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 19

Purchases Return A/c

 

5,000

Jan 18

Purchases A/c

 

50,000

Jan 31

Balance c/d

 

45,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

Shravan Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Jan 15

Sales A/c

 

6,000

Jan 31

Balance c/d

 

6,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

 

 

Ledger Exercise 9.26

Solution PQ 3

 

Books of Afzal

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

01 Jan

Cash A/c

Dr.

 

1,00,000

 

 

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

 

 

 

1,00,000

 

(Being commenced business with cash)

 

 

 

 

 

 

 

 

 

 

03 Jan

Purchase A/c

Dr.

 

20,000

 

 

--------To Gupta and Co. A/c

 

 

 

20,000

 

(Being goods purchased from Gupta and Co. on credit)

 

 

 

 

 

 

 

 

 

 

05 Jan

Cash A/c

Dr.

 

5,000

 

 

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

 

 

 

5,000

 

(Being goods sold for cash)

 

 

 

 

 

 

 

 

 

 

08 Jan

Purchase A/c

Dr.

 

8,000

 

 

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

 

 

 

8,000

 

(Being goods purchased in cash)

 

 

 

 

 

 

 

 

 

 

10 Jan

Ahmed and Co. A/c

Dr.

 

10,000

 

 

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

 

 

 

10,000

 

(Being goods sold to Ahmed and Co. on credit)

 

 

 

 

 

 

 

 

 

 

11 Jan

Bank A/c

Dr.

 

50,000

 

 

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

 

 

 

50,000

 

(Being money deposited in bank)

 

 

 

 

 

 

 

 

 

 

13 Jan

Computers A/c

Dr.

 

20,000

 

 

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

 

 

 

20,000

 

(Being computers purchased for cash)

 

 

 

 

 

 

 

 

 

 

15 Jan

Cash A/c

Dr.

 

70,000

 

 

--------To Loan (from Mehboob) A/c

 

 

 

70,000

 

(Being loan taken from mehaboob)

 

 

 

 

 

 

 

 

 

 

16 Jan

Sales Return A/c

Dr.

 

2,000

 

 

--------To Ahmed and Co. A/c

 

 

 

2,000

 

(Being goods return by Ahmed and Co.,)

 

 

 

 

 

 

 

 

 

 

17 Jan

Furniture A/c

Dr.

 

10,000

 

 

--------To Mehfil Mart A/c

 

 

 

10,000

 

(Being furniture bought from Mehfil Mart)

 

 

 

 

 

 

 

 

 

 

18 Jan

Interest on Mehboob Loan A/c

Dr.

 

2,000

 

 

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

 

 

 

2,000

 

(Being paid interest on loan)

 

 

 

 

 

 

 

 

 

 

19 Jan

Claim for Defect in Goods A/c

Dr.

 

1,000

 

 

--------To Ahmed and Co. A/c

 

 

 

1,000

 

(Being due to insurance claim)

 

 

 

 

 

 

 

 

 

 

22 Jan

Rent A/c

Dr.

 

2,000

 

 

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

 

 

 

2,000

 

(Being amount paid as rent)

 

 

 

 

 

 

 

 

 

 

24 Jan

Cash A/c

Dr.

 

20,000

 

 

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

 

 

 

20,000

 

(Being cash withdrawn from bank)

 

 

 

 

 

 

 

 

 

 

25 Jan

Cash A/c

Dr.

 

9,000

 

 

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

 

 

 

9,000

 

(Being goods sold for cash)

 

 

 

 

 

 

 

 

 

 

26 Jan

Loss by Accident A/c

Dr.

 

10,000

 

 

--------To Purchases A/c 

 

 

 

10,000

 

(Being goods lost by accident)

 

 

 

 

 

 

 

 

 

 

27 Jan

Advertisement A/c

Dr.

 

5,000

 

 

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

 

 

 

5,000

 

(Being advertisements expenses paid)

 

 

 

 

 

 

 

 

 

 

28 Jan

Bank A/c

Dr.

 

7,000

 

 

--------To Ahmed and Co. A/c

 

 

 

8,000

 

(Being received payment)

 

 

 

 

 

 

 

 

 

 

29 Jan

Gupta and Co. A/c

Dr.

 

20,000

 

 

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

 

 

 

18,000

 

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

 

 

 

2,000

 

(Being paid payment)

 

 

 

 

 

 

 

 

 

 

31 Jan

Cash A/c

Dr.

 

500

 

 

--------To Sundry Income A/c

 

 

 

500

 

(Being amount received by sale of newspapers)

 

 

 

 

 

 

 

 

 

 

 

 

Ledger

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

01 Jan 

To Capital b/d

 

1,00,000

08 Jan

By Purchase A/c

 

8,000

05 Jan 

To Sales A/c

 

5,000

11 Jan

By Bank A/c 

 

50,000

15 Jan 

To Loan from Mehboob A/c

 

70,000

13 Jan

By Computer A/c 

 

20,000

24 Jan 

To Bank A/c

 

20,000

18 Jan

By Interest on meheboob Loan A/c

 

2,000

25 Jan 

To Sales A/c

 

9,000

 

 

 

 

31 Jan

To Sundry Income A/c

 

500

 

 

 

 

 

 

 

 

31 Jan

By Balance c/d

 

1,24,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,04,500

 

 

 

2,04,500 

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

1,24,500

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

03 Jan 

To Gupta and Co. A/c

 

20,000

26 Jan 

By Loss by Accident A/c

 

10,000

08 Jan 

To Cash A/c

 

8,000

31 Jan 

By Balance c/d

 

8,000

 

 

 

28,000

 

 

 

28,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d

 

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

1,00,000

01 Jan 

By Cash A/c

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

1,00,000

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

24,000

05 Jan 

By Cash A/c

 

5,000

 

 

 

 

10 Jan 

By Ahmed and Co. A/c

 

10,000

 

 

 

 

25 Jan 

By Cash A/c

 

9,000

 

 

 

24,000

 

 

 

24,000

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

24,000

 

 

 

 

 

 

 

 

 

Gupta and Co. Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

29 Jan 

To Bank A/c

 

18,000

03 Jan 

By Purchase A/c

 

20,000

29 Jan 

To Discount Received A/c

 

2,000

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ahmed and Co. Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

10 Jan 

To Sales A/c

 

10,000

16 Jan 

By Sales Return A/c

 

2,000

 

 

 

 

19 Jan 

By Claim against Defects A/c

 

1,000

 

 

 

 

28 Jan

By Bank A/c

 

7,000

 

 

 

11,200

 

 

 

11,200

 

Bank Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

11 Jan 

To Cash A/c

 

50,000

22 Jan 

By Rent A/c

 

2,000

28 Jan

To Ahmed and Co. A/c

 

7,000

24 Jan 

By Cash A/c

 

20,000

 

 

 

 

27 Jan 

By Advertisement A/c

 

5,000

 

 

 

 

29 Jan

By Gupta and Co. A/c

 

18,000

 

 

 

 

31 Jan

By Balance c/d

 

12,000

 

 

 

57,000

 

 

 

57,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

12,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Computers Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

13 Jan 

To Cash A/c

 

20,000

31 Jan

By Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

20,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan from Mehboob Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

70,000

15 Jan

By Cash A/c

 

70,000

 

 

 

70,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

70,000

 

 

 

 

 

 

 

 

 

Defect in Goods A/c

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

19 Jan 

To Ahmed and Co. A/c

 

1,000

31 Jan

By Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Rent Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

22 Jan 

To Bank A/c

 

2,000

31 Jan

By Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss by Accident Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

26 Jan 

To Purchases A/c 

 

10,000

31 Jan

By Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

10,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertisement Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

27 Jan 

To Bank A/c

 

5,000

31 Jan

By Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

5,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Returns Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

16 Jan 

To Ahmed and Co. A/c

 

2,000

31 Jan

By Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Furniture Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

17 Jan 

To Mehfil Mart A/c

 

10,000

31 Jan

By Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

10,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Mehfil Mart Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

10,000

17 Jan

By Furniture A/c

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

10,000

 

 

 

 

 

 

 

 

 

Interest on Mehboob's Loan Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

18 Jan 

To Cash A/c

 

2,000

31 Jan

By Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

01 Feb 

To Balance b/d 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

2,000

29 Jan

By Gupta and Co. A/c

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

2,000

 

 

 

 

 

 

 

 

 

Sundry Incomes Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

31 Jan 

To Balance c/d

 

500

31 Jan

By Cash A/c

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

 

 

01 Feb 

By Balance b/d 

 

500

 

 

 

 

 

 

 

 

 

 

Solution PQ 4

 

Journal 

Date 

Particulars 

L.F. 

Debit 

 Rs. 

Credit 

Rs. 

2019

 

 

 

 

 

Apr 01

Cash A/c

Dr.

 

1,50,000

 

 

 To Capital A/c

 

 

 

1,50,000

 

(Started business with cash)

 

 

 

 

 

 

 

 

 

 

Apr 02

Bank A/c

Dr.

 

50,000

 

 

 To Cash A/c

 

 

 

50,000

 

(Opened Bank A/c)

 

 

 

 

 

 

 

 

 

 

Apr 03

Furniture A/c

Dr.

 

20,000

 

 

 To Cash A/c

 

 

 

20,000

 

(Furniture purchased)

 

 

 

 

 

 

 

 

 

 

Apr 07

Purchases A/c

Dr.

 

30,000

 

 

 To Cash A/c

 

 

 

30,000

 

(Goods purchased for cash)

 

 

 

 

 

 

 

 

 

 

Apr 08

Purchases A/c

Dr.

 

42,000

 

 

 To M/s Hema Traders A/c

 

 

 

42,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Apr 10

Cash A/c

Dr.

 

30,000

 

 

 To Sales A/c

 

 

 

30,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Apr 14

M/s Gupta Traders A/c

Dr.

 

12,000

 

 

 To Sales A/c

 

 

 

12,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Apr 16

Rent A/c

Dr.

 

4,000

 

 

 To Cash A/c

 

 

 

4,000

 

(Rent paid)

 

 

 

 

 

 

 

 

 

 

Apr 18

Electricity Expenses A/c

Dr.

 

1,000

 

 

 To Cash A/c

 

 

 

1,000

 

(Paid electricity expenses)

 

 

 

 

 

 

 

 

 

 

Apr 20

Cash A/c

Dr.

 

12,000

 

 

 To Gupta Traders A/c

 

 

 

12,000

 

(Cash received from Gupta Traders)

 

 

 

 

 

 

 

 

 

 

Apr 22

Hema Traders A/c

Dr.

 

2,240

 

 

 To Purchases Return A/c

 

 

 

2,000

 

(Goods returned)

 

 

 

 

 

 

 

 

 

 

Apr 23

Hema Traders A/c

Dr.

 

40,000

 

 

 To Cash A/c

 

 

 

40,000

 

(Cash paid)

 

 

 

 

 

 

 

 

 

 

Apr 25

Postage A/c 

Dr.

 

100

 

 

 To Cash A/c

 

 

 

100

 

(Bought postage stamps)

 

 

 

 

 

 

 

 

 

 

Apr 30

Salary A/c

Dr.

 

4,000

 

 

 To Cash A/c

 

 

 

4,000

 

(Paid salary)

 

 

 

 

 

 

Cash Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 01

Capital A/c

 

1,50,000

Apr 02

Bank A/c

 

50,000

Apr 10

Sales A/c

 

30,000

Apr 03

Furniture A/c

 

20,000

Apr 20

Gupta Traders A/c

 

12,000

Apr 07

Purchases A/c

 

30,000

 

 

 

 

Apr 16

Rent A/c

 

4,000

 

 

 

 

Apr 18

Electricity Expenses A/c

 

1,000

 

 

 

 

Apr 23

Hema Traders A/c

 

40,000

 

 

 

 

Apr 25

Postage A/c

 

100

 

 

 

 

Apr 30

Salary A/c

 

4,000

 

 

 

 

Apr 30

Balance c/d

 

42,900

 

 

 

1,92,000

 

 

 

1,92,000

 

 

 

 

 

 

 

 

 

Bank Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(`) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 02

Cash A/c

 

50,000

Apr 30

Balance c/d

 

50,000

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

Purchases Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 07

Cash A/c

 

30,000

Apr 30

Balance c/d

 

72,000

Apr 08

M/s Hema Traders A/c

 

42,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

72,000

 

 

 

72,000

 

 

 

 

 

 

 

 

 

Purchases Return Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 30

Balance c/d

 

2,000

Apr 22

Hema Traders A/c

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

Hema Traders Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 22

Purchases Return A/c

 

2,000

Apr 08

Purchases

 

42,000

Apr 23

Cash A/c

 

40,000

 

 

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

 

 

Furniture Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 03

Cash A/c

 

20,000

Apr 30

Balance c/d

 

20,000

 

 

 

 

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

Sales Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 30

Balance c/d

 

42,000

Apr 10

Cash A/c

 

30,000

 

 

 

 

Apr 14

Gupta Traders A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

42,000

 

 

 

42,000

 

 

 

 

 

 

 

 

 

Gupta Traders Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 14

Sales A/c

 

12,000

Apr 20

Cash A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

13,440

 

 

 

13,440

 

 

 

 

 

 

 

 

 

 

Salary Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 30

Cash A/c

 

4,000

Apr 30

Balance c/d

 

4,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

 

Rent Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 16

Cash A/c

 

4,000

Apr 30

Balance c/d

 

4,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

 

Electricity Expenses Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 18

Cash A/c

 

1,000

Apr 30

Balance c/d

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Postage Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 25

Cash A/c

 

100

Apr 30

Balance c/d

 

100

 

 

 

 

 

 

 

 

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

 

Capital Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Date 

Particulars 

J.F. 

Amount 

(Rs.) 

Apr 01

Cash A/c

 

1,50,000

Apr 30

Balance c/d

 

1,50,000

 

 

 

 

 

 

 

 

 

 

 

1,50,000

 

 

 

1,50,000

 

 

 

 

 

 

 

 

 

 

Ledger Exercise 9.27

Solution PQ 5

 

 

Books of M/s Gupta Brothers, Delhi

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

Mar 01

Cash A/c

Dr.

 

2,00,000

 

 

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

 

 

 

2,00,000

 

(Being started business with cash)

 

 

 

 

 

 

 

 

 

 

Mar 02

Bank A/c

Dr.

 

80,000

 

 

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

 

 

 

80,000

 

(Being bank account opened with SBI)

 

 

 

 

 

 

 

 

 

 

Mar 04

Purchase A/c

Dr.

 

22,000

 

 

--------To Raj A/c

 

 

 

22,000

 

(Being goods purchased from Raj)

 

 

 

 

 

 

 

 

 

 

Mar 05

Purchase A/c

Dr.

 

30,000

 

 

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

 

 

 

30,000

 

(Being goods purchased for cash)

 

 

 

 

 

 

 

 

 

 

Mar 08

Naman A/c

Dr.

 

12,000

 

 

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

 

 

 

12,000

 

(Being good sold to Naman)

 

 

 

 

 

 

 

 

 

 

Mar 10

Raj A/c

Dr.

 

22,000

 

 

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

 

 

 

22,000

 

(Being cash paid to raj)

 

 

 

 

 

 

 

 

 

 

Mar 15

Cash A/c

Dr.

 

11,700

 

 

Discount Allowed A/c

Dr.

 

300

 

 

--------To Naman A/c

 

 

 

12,000

 

(Being cash received from Naman and discount allowed )

 

 

 

 

 

 

 

 

 

 

Mar 16

Wages A/c

Dr.

 

200

 

 

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

 

 

 

200

 

(Being paid wages)

 

 

 

 

 

 

 

 

 

 

Mar 18

Furniture A/c

Dr.

 

5,000

 

 

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

 

 

 

5,000

 

(Being furniture purchased for office use)

 

 

 

 

 

 

 

 

 

 

Mar 20

Drawings A/c

Dr.

 

4,000

 

 

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

 

 

 

4,000

 

(Being withdrawn from bank for personal use)

 

 

 

 

 

 

 

 

 

 

Mar 22

Rent A/c

Dr.

 

3,000

 

 

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

 

 

 

3,000

 

(Being rent paid through cheque)

 

 

 

 

 

 

 

 

 

 

Mar 23

Drawings A/c

Dr.

 

2,000

 

 

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

 

 

 

2,000

 

(Being goods taken for personal use)

 

 

 

 

 

 

 

 

 

 

Mar 24

Cash A/c

Dr.

 

6,000

 

 

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

 

 

 

6,000

 

(Being cash withdrawn from bank)

 

 

 

 

 

 

 

 

 

 

Mar 26

Cash A/c

Dr.

 

1,000

 

 

--------To Commission A/c

 

 

 

1,000

 

(Being cash received for commission)

 

 

 

 

 

 

 

 

 

 

Mar 27

Bank Charges A/c

Dr.

 

300

 

 

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

 

 

 

300

 

(Being bank charges paid)

 

 

 

 

 

 

 

 

 

 

Mar 28

Insurance Premium A/c

Dr.

 

3,000

 

 

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

 

 

 

3,000

 

(Being insurance premium paid)

 

 

 

 

 

 

 

 

 

 

Mar 29

Salary A/c

Dr.

 

10,000

 

 

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

 

 

 

10,000

 

(Being paid salary)

 

 

 

 

 

 

 

 

 

 

Mar 30

Cash A/c

Dr.

 

20,000

 

 

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

 

 

 

20,000

 

(Being sold goods for cash, Paid CGST and SGST 6% each)

 

 

 

 

 

 

 

Ledger

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Rs.

Date

Particulars

L.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 01

To Capital A/c

 

2,00,000

March 02

By Bank A/c

 

80,000

March 15

To Naman A/c

 

11,700

March 05

By Purchase A/c

 

30,000

March 24

To Bank A/c

 

6,000

March 10

By Raj A/c 

 

22,000

March 26

To Commission A/c

 

1,000

March 16

By Wages A/c 

 

200

March 30

To Sales A/c

 

20,000

March 18

By Furniture A/c

 

5,000

 

 

 

 

March 29

By Salary A/c

 

10,000

 

 

 

 

March 31

By Balance c/d

 

91,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,38,700

 

 

 

2,38,700

 

 

 

 

Bank Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 02

To Cash A/c

 

80,000

March 20

By Drawings A/c

 

4,000

 

 

 

 

March 22

By Rent A/c

 

3,000

 

 

 

 

March 24

By Cash A/c

 

6,000

 

 

 

 

March 27

By Bank Charges A/c

 

300

 

 

 

 

March 28

By Insurance Premium A/c

 

3,000

 

 

 

 

March 31

Balance c/d

 

63,700

 

 

 

 

 

 

 

 

 

 

 

80,000

 

 

 

80,000

 

 

 

 

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

2,00,000

March 01

By Cash A/c

 

2,00,000

 

 

 

 

 

 

 

 

 

 

 

2,00,000

 

 

 

2,00,000

 

 

 

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 04

To Raj A/c

 

22,000

March 23

By Drawings A/c

 

2,000

March 05

To Cash A/c

 

30,000

March 31

By Balance c/d

 

50,000

 

 

 

 

 

 

 

 

 

 

 

52,000

 

 

 

52,000

 

 

 

Raj Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 10

To Cash A/c

 

22,000

March 04

By Purchase A/c

 

22,000

 

 

 

 

 

 

 

 

 

 

 

22,000

 

 

 

22,000

 

 

 

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

32,000

March 08

By Naman A/c

 

12,000

 

 

 

 

March 30

By Cash A/c

 

20,000

 

 

 

32,000

 

 

 

32,000

 

 

Naman Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 08

To Sales A/c

 

12,000

March 15

By Cash A/c

 

11,700

 

 

 

 

March 15

By Discount allowed A/c

 

300

 

 

 

 

 

 

 

 

 

 

 

12,000

 

 

 

12,000

 

 

 

 

Discount Allowed Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 15

To Naman A/c

 

300

March 31

By Balance c/d

 

300

 

 

 

 

 

 

 

 

 

 

 

300

 

 

 

300

 

 

 

Wages Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 16

To Cash A/c

 

200

March 31

By Balance c/d

 

200

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

200

 

 

 

Furniture Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 18

To Cash A/c

 

5,000

March 31

By Balance c/d

 

5,000

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

Drawings Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 20

To Bank A/c

 

4,000

March 31

By Balance c/d

 

6,000

March 23

To Purchase A/c

 

2,000

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

 

 

 

Commission Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

1,000

March 26

By Cash A/c

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

Bank Charges Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 22

To Bank A/c

 

300

March 31

By Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

Rent Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 22

To Bank A/c

 

3000

March 22

By Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

 

 

Insurance Premium Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 28

To Bank A/c

 

3000

March 31

By Balance c/d

 

3,000

 

 

 

3,000

 

 

 

3,000

 

 

Salary Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

March 29

To Cash A/c

 

10,000

March 31

By Balance c/d

 

10,000

 

 

 

10,000

 

 

 

10,000

 

 

Solution PQ 6

 

Books of Ashok, Delhi

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

April 01

Cash A/c

Dr.

 

50,000

 

 

Stock A/c

Dr.

 

30,000

 

 

Debtors A/c

Dr.

 

50,000

 

 

Machinery A/c

Dr.

 

60,000

 

 

--------To Rajesh A/c

 

 

 

30,000

 

--------To Capital A/c (balancing amount)

 

 

 

1,60,000

 

(Being balance brought forward)

 

 

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

7,840

 

 

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

 

 

 

7,000

 

--------To Output CGST A/c 

 

 

 

420

 

--------To Output SGST A/c 

 

 

 

420

 

(Being sold goods for cash, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 06

Sales Return A/c

Dr.

 

1,000

 

 

Output CGST A/c

Dr.

 

60

 

 

Output CGST A/c

Dr.

 

60

 

 

--------To Ram A/c

 

 

 

1,120

 

(Being goods returned to Ram, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 10

Purchase A/c

Dr.

 

9,000

 

 

Input IGST A/c

Dr.

 

1,080

 

 

--------To Rajesh A/c

 

 

 

10,080

 

(Being bought goods from Rajesh, paid IGST 12%)

 

 

 

 

 

 

 

 

 

 

April 15

Purchase A/c

Dr.

 

13,500

 

 

Input IGST A/c

Dr.

 

1,620

 

 

--------To Rakesh A/c

 

 

 

9,072

 

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

 

 

 

5,746

 

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

 

 

 

302

 

(Being bought goods from Rakesh, 40% of price paid immediately and availed 5% cash discount on payment, Paid IGST 12% )

 

 

 

 

 

 

 

 

 

 

April 20

Rajesh A/c

Dr.

 

40,080

 

 

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

 

 

 

38,600

 

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

 

 

 

1,480 

 

(Being paid Rajesh and discount received)

 

 

 

 

 

 

 

 

 

 

April 25

Drawings A/c

Dr.

 

500

 

 

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

 

 

 

500

 

(Being paid life insurance premium of proprietor)

 

 

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

2,240

 

 

--------To Commission A/c

 

 

 

2,000

 

--------To Output CGST A/c 

 

 

 

120

 

--------To Output CGST A/c 

 

 

 

120

 

(Being received commission, paid CGST and SGST 6% each)

 

 

 

 

 

 

Ledger

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 01

To Balance b/d

 

50,000

April 15

By Purchase A/c

 

5,746

April 04

To Sales A/c

 

7,000

April 20

By Rajesh A/c

 

38,600

April 04

To Output CGST A/c 

 

420

April 25

By Drawings A/c

 

500

April 04

To Output CGST A/c 

 

420

April 30

By Balance c/d

 

15,234

April 30

To Commission A/c

 

2,000

 

 

 

 

April 30

To Output CGST A/c

 

120

 

 

 

 

April 30

To Output SGST A/c

 

120

 

 

 

 

 

 

 

60,080

 

 

 

60,080

 

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 30

To Balance c/d

 

1,60,000

April 01

By Balance b/d

 

1,60,000

 

 

 

 

 

 

 

 

 

 

 

1,60,000

 

 

 

1,60,000

 

 

Rakesh Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 30

To Balance c/d

 

9,072

April 15

By Purchase A/c

 

9,072

 

 

 

 

 

 

 

 

 

 

 

9,072

 

 

 

9,072

 

 

Stock Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 01

To Balance b/d

 

30,000

April 30

By Balance c/d

 

30,000

 

 

 

 

 

 

 

 

 

 

 

30,000

 

 

 

30,000

 

 

Debtors (Ram, others) Account 

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 01

To Balance b/d

 

50,000

April 06

By Sales Return A/c

 

1,000

 

 

 

 

April 06

By Output CGST A/c 

 

60

 

 

 

 

April 06

By Output SGST A/c 

 

60

 

 

 

 

April 30

By Balance c/d

 

48,880

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

 

Machinery Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 01

To Balance b/d

 

60,000

April 30

By Balance c/d

 

60,000

 

 

 

 

 

 

 

 

 

 

 

60,000

 

 

 

60,000

 

 

Rajesh Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 20

To Cash A/c

 

38,600

April 01

By Balance b/d

 

30,000

April 20

To Discount Received A/c

 

1,480

April 10

By Purchase A/c

 

9,000

 

 

 

 

April 10

By Input IGST A/c

 

1,080

 

 

 

40,080

 

 

 

40,080

 

 

Sales Return Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 06

To Ram A/c

 

1,000

April 30

By Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

Drawings Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 25

To Cash A/c

 

500

April 30

By Balance c/d

 

500

 

 

 

500

 

 

 

5000

 

 

Commission Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 30

To Balance c/d

 

2,000

April 30

By Cash A/c

 

2,000

 

 

 

2,000

 

 

 

2,000

 

 

Discount Received A/c

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 30

To Balance c/d

 

1,782

April 15

By Purchase A/c

 

302

 

 

 

 

April 20

By Rajesh A/c

 

1,480

 

 

 

 

 

 

 

 

 

 

 

1,782

 

 

 

1,782

 

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 10

To Rajesh A/c

 

9,000

April 30

By Balance c/d

 

24,120

April 15

To Rakesh A/c

 

9,072

 

 

 

 

April 15

To Cash A/c

 

5,746

 

 

 

 

April 15

To Discount Received A/c

 

302

 

 

 

 

 

 

 

24,120

 

 

 

24,120

 

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 30

To Balance b/d

 

7,000

April 04

By Cash A/c

 

7,000

 

 

 

7,000

 

 

 

7,000

 

Input IGST A/c

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 10

To Rajesh A/c

 

1,080

April 30

By Balance c/d

 

1,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,080

 

 

 

1,080

 

 

Output CGST A/c

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 04

To Ram A/c

 

60

April 04

By Cash A/c

 

420

 

 

 

 

April 30

By Cash A/c

 

120

April 30

To Balance c/d

 

480

 

 

 

 

 

 

 

540

 

 

 

540

 

Output SGST A/c

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2018

 

 

 

2018

 

 

 

April 04

To Ram A/c

 

60

April 04

By Cash A/c

 

420

 

 

 

 

April 30

By Cash A/c

 

120

April 30

To Balance c/d

 

480

 

 

 

 

 

 

 

540

 

 

 

540

 

 

Trial Balance as

on April 30, 2019

Particulars

L.F.

Dr.

Rs. 

Cr.

Rs. 

Cash

 

15,234 

 

Capital

 

 

1,60,000 

Rakesh 

 

 

9,072 

Stock

 

30,000

 

Debtors

 

48,880 

 

Machinery

 

60,000

 

Sales Return

 

1,000 

 

Drawings

 

500

 

Commission

 

 

2,000 

Discount Received

 

 

1,782 

Purchase

 

24,120 

 

Sales

 

 

7,000 

Input IGST

 

1,080

 

Output CGST

 

 

480 

Output SGST

 

 

480 

 

 

1,80,814

1,80,814

 

Ledger Exercise 9.28

Solution PQ 7

 

Cash Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

300

Apr 30

Salaries

 

300

 

 

 

 

 

 

 

 

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Bank Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

7,000

Apr 15

Gobind A/c

 

1,500

Apr 18

Sharma A/c

 

2,000

Apr 20

Rent A/c

 

200

 

 

 

 

Apr 20

Input CGST A/c

 

12

 

 

 

 

Apr 20

Input SGST A/c

 

12

 

 

 

 

Apr 30

Balance c/d

 

7,276

 

 

 

9,000

 

 

 

9,000

 

 

 

 

 

 

 

 

 

Input CGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 02

Gobind A/c

 

54

Apr 30

Balance c/d

 

138

Apr 05

Rahul A/c

 

72

 

 

 

 

Apr 20

Bank A/c

 

12

 

 

 

 

 

 

 

138

 

 

 

138

 

 

 

 

 

 

 

 

 

Input SGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 02

Gobind A/c

 

54

Apr 30

Balance c/d

 

138

Apr 05

Rahul A/c

 

72

 

 

 

 

Apr 20

Bank A/c

 

12

 

 

 

 

 

 

 

138

 

 

 

138

 

 

 

 

 

 

 

 

 

Output IGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

396

Apr 03

Sharma A/c

 

120

 

 

 

 

Apr 08

Zahir A/c

 

60

 

 

 

 

Apr 20

Sharma A/c

 

96

 

 

 

 

Apr 25

Zahir A/c

 

120

 

 

 

396

 

 

 

396

 

 

 

 

 

 

 

 

 

Purchases Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 02

Gobind A/c

 

900

Apr 30

Balance c/d

 

2,100

Apr 05

Rahul A/c

 

1,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,100

 

 

 

2,100

 

 

 

 

 

 

 

 

 

Sales Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

3,300

Apr 03

Sharma A/c

 

1,000

 

 

 

 

Apr 08

Zahir A/c

 

500

 

 

 

 

Apr 20

Sharma A/c

 

800

 

 

 

 

Apr 25

Zahir A/c

 

1,000

 

 

 

3,300

 

 

 

3,300

 

 

 

 

 

 

 

 

 

Capital Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

9,700

Apr 30

Balance c/d

 

9,700

 

 

 

 

 

 

 

 

 

 

 

9,700

 

 

 

9,700

 

 

 

 

 

 

 

 

 

Salary Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Cash A/c

 

300

Apr 30

Balance c/d

 

300

 

 

 

 

 

 

 

 

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Rent Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 20

Bank A/c

 

200

Apr 30

Balance c/d

 

200

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

200

 

 

 

 

 

 

 

 

 

Discount Allowed Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 18

Sharma A/c

 

50

Apr 30

Balance c/d

 

50

 

 

 

 

 

 

 

 

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

 

Bills Payable Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

1,000

Apr 01

Balance b/d

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

 

Stock Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

4,000

Apr 30

Balance c/d

 

4,000

 

 

 

 

 

 

 

 

 

 

 

4,000

 

 

 

4,000

 

 

 

 

 

 

 

 

 

 

Gobind Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 15

Bank A/c

 

1,500

Apr 01

Balance b/d

 

2,000

Apr 30

Balance c/d

 

1,508

Apr 02

Purchases A/c

 

900

 

 

 

 

Apr 02

Input CGST A/c

 

54

 

 

 

 

Apr 02

Input CGST A/c

 

54

 

 

 

 

 

 

 

 

 

 

 

3,008

 

 

 

3,008

 

 

 

 

 

 

 

 

 

Zahir Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

800

Apr 30

Balance c/d

 

2,480

Apr 08

Sales A/c

 

500

 

 

 

 

Apr 08

Output IGST A/c

 

60

 

 

 

 

Apr 25

Sales A/c

 

1,000

 

 

 

 

Apr 25

Output IGST A/c

 

120

 

 

 

 

 

 

 

2,480

 

 

 

2,480

 

 

 

 

 

 

 

 

 

 

Sharma Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

1,500

Apr 18

Bank A/c

 

2,000

Apr 03

Sales A/c

 

1,000

Apr 18

Discount Allowed A/c

 

50

Apr 03

Output IGST A/c

 

120

Apr 30

Balance c/d

 

1,466

Apr 20

Sales A/c

 

800

 

 

 

 

Apr 20

Output IGST A/c

 

96

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,516

 

 

 

3,516

 

 

 

 

 

 

 

 

 

Rahul Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

 

Balance c/d

 

2,244

Apr 01

Balance b/d

 

900

 

 

 

 

Apr 05

Purchases A/c

 

1,200

 

 

 

 

Apr 05

Input CGST A/c

 

72

 

 

 

 

Apr 05

Input CGST A/c

 

72

 

 

 

2,244

 

 

 

2,244

 

 

 

 

 

 

 

 

 

Trial Balance

as on Apr 30, 2018

S.No.

List of Items

Debit Balances

Credit Balances

1

Bank

7,276

 

2

Input CGST A/c

138

 

3

Input SGST A/c

138

 

4

Output ISGT A/c

 

396

5

Purchases

2,100

 

6

Sales

 

3,300

7

Capital

 

9,700

8

Salary

300

 

9

Rent

200

 

10

Discount Allowed

50

 

11

Bills Payable

 

1,000

12

Stock

4,000

 

13

Gobind 

 

1,508

14

Zahir 

2,480

 

15

Sharma

1,466

 

16

Rahul

 

2,244

 

Total

18,148

18,148

 

 

Solution PQ 8

 

In the Books of Rajesh Prabhu

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

April 01

Premises A/c

Dr.

 

2,00,000

 

 

Delivery Van A/c

Dr.

 

50,000

 

 

Fixture A/c

Dr.

 

5,000

 

 

Stock A/c

Dr.

 

75,000

 

 

Hariharan A/c

Dr.

 

30,000

 

 

Rajhans A/c

Dr.

 

50,000

 

 

Bank A/c

Dr.

 

45,000

 

 

Cash A/c

Dr.

 

30,000

 

 

--------To Jawahar A/c

 

 

 

1,00,000

 

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

 

 

 

45,000

 

--------To Telephone Expenses Payable A/c

 

 

 

4,000

 

--------To Output CGST A/c 

 

 

 

240

 

--------To Output SGST A/c 

 

 

 

240

 

--------To Expense Payable A/c

 

 

 

4,520

 

--------To Salaries Payable A/c 

 

 

 

7,000

 

--------To Capital A/c (balancing amt.)

 

 

 

3,24,000

 

(Being balance forwarded from last month)

 

 

 

 

 

 

 

 

 

 

April 01

Rent A/c

Dr.

 

5,000

 

 

Input CGST A/c

Dr.

 

300

 

 

Input SGST A/c

Dr.

 

300

 

 

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

 

 

 

5,600

 

(Being rent paid by cheque, paid CGST and SGST 6%)

 

 

 

 

 

 

 

 

 

 

April 02

Purchase A/c

Dr.

 

30,000

 

 

Input IGST A/c (1,800 + 960 + 840)

Dr.

 

3,600

 

 

--------To Prabhat A/c

 

 

 

16,800

 

--------To Rajan A/c

 

 

 

8,960

 

--------To Passi A/c

 

 

 

7,840

 

(Being goods purchased from Prabhat, Rajhans and Passi, paid IGST 12%)

 

 

 

 

 

 

 

 

 

 

April 03

Rakesh A/c

Dr.

 

19,040

 

 

Devender A/c

Dr.

 

28,000

 

 

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

 

 

 

22,000

 

--------To Output CGST A/c

 

 

 

1,020

 

--------To Output SGST A/c

 

 

 

1,020

 

--------To Output IGST A/c

 

 

 

3,000

 

(Being sold goods to Rakesh, Devender, Paid IGST 12% and CGST and SGST 6% each)

 

 

 

 

April 03

Telephone Expenses Paid A/c

Dr.

 

4,000

 

 

Input CGST A/c

Dr.

 

240

 

 

Input SGST A/c

Dr.

 

240

 

 

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

 

 

 

4,480

 

(Being paid Telephone Expenses by Cheque, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 04

Delivery Van Expenses A/c

Dr.

 

5,700

 

 

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

 

 

 

5,700

 

(Being paid petrol expenses of delivery van)

 

 

 

 

 

 

 

 

 

 

April 05

Drawings A/c

Dr.

 

4,000

 

 

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

 

 

 

4,000

 

(Being cash drawn by Proprietor)

 

 

 

 

 

 

 

 

 

 

April 07

Salaries A/c

Dr.

 

7,000

 

 

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

 

 

 

7,000

 

(Being paid salaries)

 

 

 

 

 

 

 

 

 

 

April 09

Cash A/c

Dr.

 

5,600

 

 

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

 

 

 

5,000

 

--------To Output CGST A/c

 

 

 

300

 

--------To Output SGST A/c

 

 

 

300

 

(Being goods sold for cash, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 11

Sales Return A/c

Dr.

 

6,000

 

 

Output CGST A/c

Dr.

 

300

 

 

Output SGST A/c

Dr.

 

300

 

 

Output IGST A/c

Dr.

 

120

 

 

--------To Rakesh A/c

 

 

 

5,600

 

--------To Devender A/c

 

 

 

1,120

 

(Being goods returned by Rakesh and Devender, Paid IGST 12% and CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 12

Bank A/c

Dr.

 

60,000

 

 

--------To Hariharan A/c

 

 

 

20,000

 

--------To Rajhans A/c

 

 

 

40,000

 

(Being received cheques from Hariharan and Rajans)

 

 

 

 

 

 

 

 

 

 

April 16

Prabhat A/c

Dr.

 

4,480

 

 

Rajan A/c

Dr.

 

1,120

 

 

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

 

 

 

5,000

 

--------To Input IGST A/c (480 + 120) 

 

 

 

600

 

(Being goods returned to Prabhat and Rajan, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 20

Jawahar A/c

Dr.

 

50,000

 

 

Vikas A/c

Dr.

 

10,000

 

 

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

 

 

 

60,000

 

(Being cheques issued to Jawahar and Vikas )

 

 

 

 

 

 

 

 

 

 

April 22

Bank A/c

Dr.

 

20,000

 

 

--------To Hariharan A/c

 

 

 

10,000

 

--------To Rajhans A/c

 

 

 

10,000

 

(Being received cheques from Hariharan and Rajhans )

 

 

 

 

 

 

 

 

 

 

April 22

Cheque in Hand A/c

Dr.

 

15,000

 

 

--------To Rakesh A/c

 

 

 

10,000

 

--------To Devender A/c

 

 

 

5,000

 

(Being cheques received from Rakesh and Devender which are dated 15th May, 2018 )

 

 

 

 

 

 

 

 

 

 

April 24

Bank A/c

Dr.

 

14,914

 

 

Interest A/c [15,000 × 10% ×(21/365)]

Dr.

 

86

 

 

--------To Cheque in Hand A/c

 

 

 

15,000

 

(Being Rakesh and Devender cheque discounted with bank at interest of 10% p.a.)

 

 

 

 

 

 

 

 

 

 

April 25

Cash A/c

Dr.

 

21,000

 

 

Discount Received A/c

Dr.

 

880

 

 

--------To Devender A/c

 

 

 

21,880

 

(Being cash received from Devender and discount allowed)

 

 

 

 

 

 

Ledgers

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

30,000

April 04

By Delivery Van Exp. A/c

 

5,700

April 09

To Sales A/c

 

5,000

April 05

By Drawings A/c

 

4,000

April 09

To Output CGST A/c 

 

300

April 07

By Salaries A/c

 

7,000

April 09

To Output SGST A/c 

 

300

April 30

By Balance c/d

 

39,900

April 18

To Devender A/c

 

21,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

56,600

 

 

 

56,600

 

Bank Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

45,000

April 01

By Rent A/c

 

5,000

April 12

To Hariharan A/c

 

20,000

April 01

By Input CGST A/c

 

300

April 12

To Rajhans A/c

 

40,000

April 01

By Input SGST A/c

 

300

April 22

To Hariharan A/c

 

10,000

April 03

Telephone Expenses A/c

 

4,000

April 22

To Rajhans A/c

 

10,000

April 03

Input CGST A/c

 

240

April 24

To Cheque in Hand A/c

 

14,914

April 03

Input SGST A/c

 

240

 

 

 

 

April 20

By Jawahar A/c

 

50,000

 

 

 

 

April 20

By Vikas A/c

 

10,000

 

 

 

 

April 30

By Balance c/d

 

69,834

 

 

 

1,39,914

 

 

 

1,39,914

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Receipts

J.F.

Rs.

Date

Payments

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

3,24,000

April 01

By Balance b/d

 

3,24,000

 

 

 

3,24,000

 

 

 

3,24,000

 

 

Premises Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Receipts

J.F.

Rs.

Date

Payments

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

2,00,000

April 30

By Balance c/d

 

2,00,000

 

 

 

 

 

 

 

 

 

 

 

2,00,000

 

 

 

2,00,000

 

 

Delivery Van Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Receipts

J.F.

Rs.

Date

Payments

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

50,000

April 30

By Balance c/d

 

50,000

 

 

 

50,000

 

 

 

50,000

 

Fixture Account

Dr. 

 

 

 

 

 

 

Cr.

Date

particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

5,000

April 30

By Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

Stock Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance b/d

 

75,000

April 30

By Balance c/d

 

75,000

 

 

 

75,000

 

 

 

75,000

 

 

Hariharan Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

30,000

April 12

By Bank A/c

 

20,000

 

 

 

 

April 22

By Bank A/c

 

10,000

 

 

 

 

 

 

 

 

 

 

 

30,000

 

 

 

30,000

 

 

Rajhans Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Balance b/d

 

50,000

April 12

By Bank A/c

 

40,000

 

 

 

 

April 22

By Bank A/c

 

10,000

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

 

Jawahar Account

Dr. 

 

 

 

 

 

 

Cr.

Date

particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 20

To Bank A/c

 

50,000

April 01

By Balance b/d

 

1,00,000

April 30

To Balance c/d

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

Vikas Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 20

To Bank A/c

 

10,000

April 01

By balance b/d

 

45,000

April 30

To balance c/d

 

35,000

 

 

 

 

 

 

 

45,000

 

 

 

45,000

 

 

Telephone Expenses Payable Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 03

To Bank A/c

 

4,000

April 01

By Balance b/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

 

Expenses Payable Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

4,520

April 01

By Balance b/d

 

4,520

 

 

 

4,520

 

 

 

4,520

 

 

Rent Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Bank A/c

 

5,000

April 30

By Balance c/d

 

5,000

 

 

 

5,000

 

 

 

5,000

 

 

Prabhat Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 16

To Purchase Return A/c

 

4,000

April 02

By Purchase A/c

 

15,000

April 16

To Input IGST A/c  

 

480

April 02

By Input IGST A/c

 

1,800

April 30

To Balance c/d

 

12,320

 

 

 

 

 

 

 

16,800

 

 

 

16,800

 

 

Salaries Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 07

To Cash A/c

 

7,000

April 01

By Balance b/d

 

7,000

 

 

 

 

 

 

 

 

 

 

 

7,000

 

 

 

7,000

 

 

Sales Return Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 11

To Rakesh A/c

 

5,000

April 30

By Balance c/d

 

6,000

April 11

To Devender A/c 

 

1,000

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

 

Purchase Return Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

5,000

April 16

By Prabhat A/c

 

4,000

 

 

 

 

April 16

By Rajan A/c

 

1,000

 

 

 

5,000

 

 

 

5,000

 

 

Interest Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 24

To Cheque in Hand A/c

 

86

April 30

By Balance c/d

 

86

 

 

 

86

 

 

 

86

 

Discount Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 25

To Devender A/c 

 

880

April 30

By Balance c/d

 

880

 

 

 

880

 

 

 

880

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

47,000

April 03

By Rakesh A/c

 

17,000

 

 

 

 

April 03

By Devender A/c

 

25,000

 

 

 

 

April 09

By Cash A/c

 

5,000

 

 

 

47,000

 

 

 

47,000

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 02

To Prabhat A/c

 

15,000

April 30

By Balance c/d

 

30,000

April 02

To Rajhans A/c

 

8,000

 

 

 

 

April 02

To Passi A/c

 

7,000

 

 

 

 

 

 

 

30,000

 

 

 

30,000

 

Cheque in Hand Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 22

To Rakesh A/c

 

10,000

April 24

By Bank A/c

 

14,912

April 24

To Devender A/c

 

5,000

April 24

By Interest A/c

 

88

 

 

 

15,000

 

 

 

15,000

 

 

Delivery Van Expenses Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 04

To Cash A/c

 

5,700

April 30

By Balance c/d

 

5,700

 

 

 

5,700

 

 

 

5,700

 

 

Drawings Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 05

To Cash A/c

 

4,000

April 30

By Balance c/d

 

4,000

 

 

 

4,000

 

 

 

4,000

 

Rajan Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 16

To Purchase Return A/c

 

1,000

April 02

By Purchase A/c

 

8,000

April 16

To Input IGST A/c 

 

120

April 02

By Input IGST A/c

 

960

April 30

To Balance c/d

 

7,840

 

 

 

 

 

 

 

8,960

 

 

 

8,960

 

Passi Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

7,840

April 02

By Purchase A/c

 

7,000

 

 

 

 

April 02

By Input IGST A/c

 

840

 

 

 

7,840

 

 

 

7,840

 

Rakesh Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 03

To Sales A/c

 

17,000

April 11

By Sales Return A/c

 

5,000

April 03

To Output CGST A/c

 

1,020

April 11

By Output CGST A/c 

 

300

April 03

To Output SGST A/c

 

1,020

April 11

By Output CGST A/c 

 

300

 

 

 

 

April 22

By Cheque in Hand A/c

 

10,000

 

 

 

 

April 30

By Balance c/d

 

3,440

 

 

 

19,040

 

 

 

19,040

 

Devender Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 03

To Sales A/c

 

25,000

April 11

By Sales Return A/c

 

1,000

April 03

To Output IGST A/c

 

3,000

April 11

By Output IGST A/c 

 

120

 

 

 

 

April 22

By Cheque in Hand

 

5,000

 

 

 

 

April 30

By Cash A/c

 

21,000

 

 

 

 

April 30

By Discount Received A/c 

 

880

 

 

 

28,000

 

 

 

28,000

 

Input CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Bank A/c

 

300

April 30

By Balance c/d

 

540

April 03

To Bank A/c

 

240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

540

 

 

 

540

 

Input CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Bank A/c

 

300

April 30

By Balance c/d

 

540

April 03

To Bank A/c

 

240

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

540

 

 

 

540

 

 

Input IGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 02

To Prabhat A/c 

 

1,800

April 16

To Prabhat A/c 

 

480

April 02

To Rajan A/c 

 

960

April 16

To Rajan A/c 

 

120

April 02

To Passi A/c 

 

840

April 30

By Balance c/d

 

3,000

 

 

 

3,600

 

 

 

3,600

 

 

Output CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 11

To Rakesh A/c

 

300

April 01

By Balance b/d

 

240

April 30

To Balance c/d

 

1,260

April 03

By Rakesh A/c

 

1,020

 

 

 

 

April 03

By Cash A/c

 

300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,560

 

 

 

1,560

 

Output SGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 11

To Rakesh A/c

 

300

April 01

By Balance b/d

 

240

April 30

To Balance c/d

 

1,260

April 03

By Rakesh A/c

 

1,020

 

 

 

 

April 03

By Cash A/c

 

300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,560

 

 

 

1,560

 

 

Output IGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 11

To Devender A/c 

 

120

April 03

By Devender A/c 

 

3,000

April 30

To Balance c/d

 

2,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,000

 

 

 

3,000

 

Trial Balance as

on April 30, 2019

Particulars

L.F.

Dr.

Rs. 

Cr.

Rs. 

Cash

 

39,900 

 

Bank

 

69,834 

 

Capital

 

 

3,24,000 

Premises

 

2,00,000

 

Deliver van

 

50,000

 

Fixtures

 

5,000

 

Stock

 

75,000

 

Rajan 

 

 

7,840 

Passi 

 

 

7,840

Rakesh 

 

3,440 

 

Delivery Van expenses

 

5,700

 

Drawings

 

4,000

 

Expenses Payable

 

 

4,520

Rent

 

5,000

 

Purchase

 

30,000

 

Prabhat 

 

 

12,320

Jawahar 

 

 

50,000

Vikas 

 

 

35,000

Sales

 

 

47,000

Sales Return

 

6,000

 

Purchase Return

 

 

5,000

Interest

 

86

 

Discount

 

880

 

Input CGST

 

300

 

Input SGST

 

300

 

Input IGST

 

3,000

 

Output CGST

 

 

1,020

Output SGST

 

 

1,020

Output IGST

 

 

2,880

 

 

4,98,440

4,98,440

 

 

 

 

Sett-off Opening CGST and SGST

Output CGST (April 1)

240

Output SGST (April 1) 

240 

Input CGST

(540) 

Input SGST 

(540) 

Total

(3,00)

Total

(3,00)

 

Ledger Exercise 9.29

Solution PQ 9

 

Journal 

Date 

Particulars 

L.F. 

Dr.

Rs. 

Cr 

Rs. 

2019

 

 

 

 

 

Apr 01

Cash in Hand A/c

Dr.

 

20,000

 

 

Cash at Bank A/c

Dr.

 

35,000

 

 

Stock A/c

Dr.

 

15,000

 

 

Furniture A/c

Dr.

 

4,500

 

 

Input SGST A/c

Dr.

 

5,000

 

 

Input IGST A/c

Dr.

 

2,000

 

 

Poonam A/c

Dr.

 

20,000

 

 

Sonu A/c

Dr.

 

10,000

 

 

 To Ashok A/c

 

 

 

13,500

 

 To Pankaj A/c

 

 

 

21,500

 

 To Capital A/c (bal. fig.)

 

 

 

76,500

 

(Assets and Liabilities brought down from last year)

 

 

 

 

 

 

 

 

 

 

Apr 04

Purchases A/c

Dr.

 

5,000

 

 

Input CGST A/c

Dr.

 

300

 

 

Input SGST A/c

Dr.

 

300

 

 

 To Pankaj A/c

 

 

 

5,600

 

(Goods purchased with CGST and SGST @ 6% each)

 

 

 

 

 

 

 

 

 

 

Apr 07

Ashok A/c

Dr.

 

13,500

 

 

 To Bank A/c

Dr.

 

 

13,000

 

 To Discount Received A/c

 

 

 

500

 

(Paid to Ashok in full settlement)

 

 

 

 

 

 

 

 

 

 

Apr 10

Poonam A/c

Dr.

 

12,320

 

 

 To Sales A/c

 

 

 

11,000

 

 To Output IGST A/c

 

 

 

1,320

 

(Goods sold with IGST @ 12%)

 

 

 

 

 

 

 

 

 

 

Apr 12

Purchases A/c

Dr.

 

15,000

 

 

Input IGST A/c

Dr.

 

1,800

 

 

 To Ashok A/c

 

 

 

16,800

 

(Goods purchased with IGST @ 12%)

 

 

 

 

 

 

 

 

 

 

Apr 15

Sonu A/c

Dr.

 

6,720

 

 

 To Sales A/c

 

 

 

6,000

 

 To Output IGST A/c

 

 

 

720

 

(Goods sold with IGST @ 12%)

 

 

 

 

 

 

 

 

 

 

Apr 18

Bank A/c

Dr.

 

24,500

 

 

Discount Allowed A/c

Dr.

 

1,500

 

 

 To Poonam A/c

 

 

 

26,000

 

(Received from Poonam)

 

 

 

 

 

 

 

 

 

 

Apr 25

Stationery A/c

Dr.

 

1,200

 

 

Input CGST A/c

Dr.

 

72

 

 

Input SGST A/c

Dr.

 

72

 

 

 To Cash A/c

 

 

 

1,344

 

(Stationery purchased)

 

 

 

 

 

 

 

 

 

 

Apr 27

Telephone Expenses A/c

Dr.

 

3,500

 

 

Input CGST A/c

Dr.

 

210

 

 

Input SGST A/c

Dr.

 

210

 

 

 To Bank A/c

 

 

 

3,920

 

(Telephone expenses paid)

 

 

 

 

 

 

 

 

 

 

Apr 30

Salary A/c

Dr.

 

6,000

 

 

 To Cash A/c

 

 

 

6,000

 

(Paid salary)

 

 

 

 

 

 

Cash in Hand Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

20,000

Apr 25

Stationery A/c

 

1,200

 

 

 

 

Apr 25

Input CGST A/c

 

72

 

 

 

 

Apr 25

Input SGST A/c

 

72

 

 

 

 

Apr 30

Salaries A/c

 

6,000

 

 

 

 

Apr 30

Balance c/d

 

12,656

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

Cash at Bank Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

35,000

Apr 07

Ashok A/c

 

13,000

Apr 18

Poonam A/c

 

24,500

Apr 27

Telephone Expenses A/c

 

3,500

 

 

 

 

Apr 27

Input CGST A/c

 

210

 

 

 

 

Apr 27

Input SGST A/c

 

210

 

 

 

 

Apr 30

Balance c/d

 

42,580

 

 

 

 

 

 

 

 

 

 

 

59,500

 

 

 

59,500

 

 

 

 

 

 

 

 

 

Input CGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 04

Pankaj A/c

 

300

Apr 30

Balance c/d

 

582

Apr 25

Stationery A/c

 

72

 

 

 

 

Apr 27

Telephone Expenses A/c

 

210

 

 

 

 

 

 

 

582

 

 

 

582

 

 

 

 

 

 

 

 

 

Input SGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

5,000

Apr 30

Balance c/d

 

5,582

Apr 04

Pankaj A/c

 

300

 

 

 

 

Apr 25

Stationery A/c

 

72

 

 

 

 

Apr 27

Telephone Expenses A/c

 

210

 

 

 

 

 

 

 

5,582

 

 

 

5,582

 

 

 

 

 

 

 

 

 

Input IGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

2,000

Apr 30

Balance c/d

 

3,800

Apr 12

Ashok A/c

 

1,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,800

 

 

 

3,800

 

 

 

 

 

 

 

 

 

 

Output IGST Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

2,040

Apr 10

Poonam A/c

 

1,320

 

 

 

 

Apr 15

Sonu A/c

 

720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,040

 

 

 

2,040

 

 

 

 

 

 

 

 

 

Purchases Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 04

Pankaj A/c

 

5,000

Apr 30

Balance c/d

 

20,000

Apr 12

Ashok A/c

 

15,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

Sales Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

17,000

Apr 10

Poonam A/c

 

11,000

 

 

 

 

Apr 15

Sonu A/c

 

6,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

Capital Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

76,500

Apr 30

Balance c/d

 

76,500

 

 

 

 

 

 

 

 

 

 

 

76,500

 

 

 

76,500

 

 

 

 

 

 

 

 

 

 

Salary Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Cash A/c

 

6,000

Apr 30

Balance c/d

 

6,000

 

 

 

 

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

 

Telephone Expenses Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 27

Bank A/c

 

3,500

Apr 30

Balance c/d

 

3,500

 

 

 

 

 

 

 

 

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

 

 

Stationery Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 25

Cash A/c

 

1,200

Apr 30

Balance c/d

 

200

 

 

 

 

 

 

 

 

 

 

 

1,200

 

 

 

1,200

 

 

 

 

 

 

 

 

 

Discount Allowed Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 18

Poonam A/c

 

1,500

Apr 30

Balance c/d

 

1,500

 

 

 

 

 

 

 

 

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Discount Received Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

500

Apr 30

Ashok

 

500

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

Furniture Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

4,500

Apr 30

Balance c/d

 

4,500

 

 

 

 

 

 

 

 

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

 

Stock Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

15,000

Apr 30

Balance c/d

 

15,000

 

 

 

 

 

 

 

 

 

 

 

15,000

 

 

 

15,000

 

 

 

 

 

 

 

 

 

 

Pankaj Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 30

Balance c/d

 

27,100

Apr 01

Balance b/d

 

21,500

 

 

 

 

Apr 04

Purchases A/c

 

5,000

 

 

 

 

Apr 04

Input CGST A/c

 

300

 

 

 

 

Apr 04

Input CGST A/c

 

300

 

 

 

 

 

 

 

 

 

 

 

27,100

 

 

 

27,100

 

 

 

 

 

 

 

 

 

Poonam Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

20,000

Apr 18

Bank A/c

 

24,500

Apr 10

Sales A/c

 

11,000

Apr 18

Discount Allowed A/c

 

1,500

Apr 10

Output IGST A/c

 

1,320

Apr 30

Balance c/d

 

6,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32,320

 

 

 

32,320

 

 

 

 

 

 

 

 

 

 

Sonu Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 01

Balance b/d

 

10,000

Apr 30

Balance c/d

 

16,720

Apr 15

Sales A/c

 

6,000

 

 

 

 

Apr 15

Output IGST A/c

 

720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16,720

 

 

 

16,720

 

 

 

 

 

 

 

 

 

 

Ashok Account 

Dr. 

 

Cr. 

Date 

Particulars 

J.F. 

Rs. 

Date 

Particulars 

J.F. 

Rs. 

Apr 07

Bank A/c

 

13,000

Apr 01

Balance b/d

 

13,500

Apr 07

Discount Received A/c

 

500

Apr 12

Purchases A/c

 

15,000

Apr 30

Balance c/d

 

16,800

Apr 12

Input IGST A/c

 

1,800

 

 

 

 

 

 

 

 

 

 

 

30,300

 

 

 

30,300

 

 

 

 

 

 

 

 

 

 

Trial Balance

S.No.

List of Items

Debit Balances

Credit

Balances

1

Cash in Hand

12,656

 

2

Cash at Bank

42,580

 

3

Input CGST A/c

582

 

4

Input SGST A/c

5,582

 

5

Input IGST A/c

3,800

 

6

Output IGST A/c

 

2,040

7

Purchases

20,000

 

8

Sales

 

17,000

9

Capital

 

76,500

10

Salary

6,000

 

11

Stationery

1,200

 

12

Telephone Expenses

3,500

 

13

Discount Allowed

1,500

 

14

Furniture

4,500

 

15

Stock

15,000

 

16

Discount Received

 

500

17

Pankaj 

 

27,100

18

Poonam 

6,320

 

19

Sonu 

16,720

 

20

Ashok

 

16,800

 

Total

1,39,940

1,39,940

 

 

 

Solution PQ 10

 

In the Books of Shri S.K. Gupta, Chandigarh

Journal

Date

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

2019

 

 

 

 

 

April 01

Cash A/c

Dr.

 

60,000

 

 

Bank A/c

 

 

60,000

 

 

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

 

 

 

1,20,000

 

(Being commenced business with cash and bank)

 

 

 

 

 

 

 

 

 

 

April 02

Furniture and Fittings A/c

Dr.

 

20,000

 

 

Input CGST A/c

Dr.

 

1,200

 

 

Input SGST A/c

Dr.

 

1,200

 

 

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

 

 

 

22,400

 

(Being bought furniture and fittings, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 05

Purchase A/c

Dr.

 

16,000

 

 

Input CGST A/c

Dr.

 

960

 

 

Input SGST A/c

Dr.

 

960

 

 

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

 

 

 

17,920

 

(Being bought goods in cash, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 08

Purchase A/c

Dr.

 

11,000

 

 

Input CGST A/c

Dr.

 

660

 

 

Input SGST A/c

Dr.

 

660

 

 

--------To Ramesh A/c

 

 

 

12,320

 

(Being goods from Ramesh, paid CGST and SGST 6% each )

 

 

 

 

 

 

 

 

 

 

April 12

Sameer A/c

Dr.

 

23,520

 

 

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

 

 

 

21,000

 

--------To Output IGST A/c 

 

 

 

2,520

 

(Being sold goods to Sameer, paid IGST 12%)

 

 

 

 

 

 

 

 

 

 

April 13

Stationary A/c

Dr.

 

1,800

 

 

Input CGST A/c

Dr.

 

108

 

 

Input SGST A/c

Dr.

 

108

 

 

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

 

 

 

2,016

 

(Being stationary for cash, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 13

Ramesh A/c

Dr.

 

11,000

 

 

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

 

 

 

10,000

 

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

 

 

 

1,000

 

(Being paid to Ramesh and discount received )

 

 

 

 

 

 

 

 

 

 

April 17

Cash A/c

Dr.

 

4,000

 

 

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

 

 

 

4,000

 

(Being withdrawn cash for office use)

 

 

 

 

 

 

 

 

 

 

April 18

Purchase A/c

Dr.

 

30,000

 

 

Input CGST A/c

Dr.

 

1,800

 

 

Input SGST A/c

Dr.

 

1,800

 

 

--------To Sen A/c

 

 

 

33,600

 

(Being bought goods from Sen, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 19

Cash A/c

Dr.

 

20,000

 

 

Discount Allowed A/c

Dr.

 

1,000

 

 

--------To Sameer A/c

 

 

 

21,000

 

(Being cash received from Sameer and discount allowed)

 

 

 

 

 

 

 

 

 

 

April 20

Raj Banwari A/c

Dr.

 

44,800

 

 

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

 

 

 

40,000

 

--------To Output IGST A/c 

 

 

 

4,800

 

(Being sold to Raj Banwari, paid IGST paid 12%)

 

 

 

 

 

 

 

 

 

 

April 28

Cash A/c

Dr.

 

1,568

 

 

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

 

 

 

1,400

 

--------To Output CGST A/c 

 

 

 

84

 

--------To Output SGST A/c 

 

 

 

84

 

(Being sold goods for cash, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 30

Salary A/c

Dr.

 

8,000

 

 

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

 

 

 

8,000

 

(Being paid salary by cheque )

 

 

 

 

 

 

 

 

 

 

April 30

Rent A/c

Dr.

 

5,000

 

 

Input CGST A/c

Dr.

 

300

 

 

Input SGST A/c

Dr.

 

300

 

 

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

 

 

 

5,600

 

(Being paid rent by cheque, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 30

Telephone Expenses A/c

Dr.

 

2,000

 

 

Input CGST A/c

Dr.

 

120

 

 

Input SGST A/c

Dr.

 

120

 

 

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

 

 

 

2,240

 

(Being paid telephone expenses by cheque, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

April 30

Bank A/c

Dr.

 

2,000

 

 

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

 

 

 

2,000

 

(Being Paid cash to Dinesh and discount Received )

 

 

 

 

 

 

Ledgers

Furniture and Fitting Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 02

To Cash A/c

 

20,000

April 30

By Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Capital A/c

 

60,000

April 02

By Furniture and Fitting A/c

 

20,000

April 17

To Bank A/c

 

4,000

April 02

By Input CGST A/c 

 

1,200

April 19

To Sameer A/c

 

20,000

April 02

By Input CGST A/c 

 

1,200

April 28

To Sales A/c

 

1,400

April 05

By Purchase A/c

 

16,000

April 28

To Output CGST A/c 

 

84

April 05

By Input CGST A/c 

 

960

April 28

To Output SGST A/c 

 

84

April 05

By Input CGST A/c 

 

960

 

 

 

 

April 13

By Stationary A/c

 

1,800

 

 

 

 

April 13

By Input CGST A/c 

 

108

 

 

 

 

April 13

By Input CGST A/c 

 

108

 

 

 

 

April 13

By Ramesh A/c

 

10,000

 

 

 

 

April 30

By Bank A/c

 

2,000

 

 

 

 

April 30

By Balance c/d

 

31,232

 

 

 

85,568

 

 

 

85,568

 

 

Purchase Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 05

To Cash A/c

 

16,000

April 30

By Balance c/d

 

57,000

April 08

To Ramesh A/c

 

11,000

 

 

 

 

April 18

To Sen A/c

 

30,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

57,000

 

 

 

57,000

 

 

Ramesh Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 13

To Cash A/c

 

10,000

April 08

By Purchase A/c

 

11,000

April 04

To Discount received A/c

 

1,000

April 08

By Input CGST A/c 

 

660

April 30

To Balance c/d

 

1,320

April 08

By Input SGST A/c 

 

660

 

 

 

12,320

 

 

 

12,320

 

 

Sameer Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 12

To Sales A/c

 

21,000

April 19

By Cash A/c

 

20,000

April 12

To Output IGST A/c 

 

2,520

April 19

By Discount Allowed A/c

 

1,000

 

 

 

 

April 30

By Balance c/d

 

2,520

 

 

 

23,520

 

 

 

23,520

 

 

Bank Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 01

To Capital A/c

 

60,000

April 17

By Cash A/c

 

4,000

April 30

To Cash A/c

 

2,000

April 30

By Salary A/c

 

8,000

 

 

 

 

April 30

By Rent A/c

 

5,000

 

 

 

 

April 30 

By Input CGST A/c 

 

300

 

 

 

 

April 30

By Input SGST A/c 

 

300

 

 

 

 

April 30

By Telephone Expenses A/c 

 

2,000

 

 

 

 

April 30

By Input CGST A/c 

 

120

 

 

 

 

April 30

By Input SGST A/c 

 

120

 

 

 

 

April 30

By Balance c/d

 

42,160

 

 

 

62,000

 

 

 

62,000

 

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

1,20,000

April 01

By Cash A/c

 

60,000

 

 

 

 

April 01

By Bank A/c

 

60,000

 

 

 

1,20,000

 

 

 

1,20,000

 

 

Raj Banwari Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 20

To Sales A/c

 

40,000

April 30

By Balance c/d

 

44,800

April 20

To Output IGST A/c 

 

4,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

44,800

 

 

 

44,800

 

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

62,400

April 12

By Sameer A/c

 

21,000

 

 

 

 

April 20

By Raj Banwari A/c

 

40,000

 

 

 

 

April 28

By Cash A/c

 

1,400

 

 

 

 

 

 

 

 

 

 

 

62,400

 

 

 

62,400

 

 

Salary Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Bank A/c

 

8,000

April 30

By Balance c/d

 

8,000

 

 

 

 

 

 

 

 

 

 

 

8,000

 

 

 

8,000

 

 

Rent Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Bank A/c

 

5,000

April 30

By Balance c/d

 

5,000

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

Stationery Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 13

To Cash A/c

 

1,800

April 30

By Balance c/d

 

1,800

 

 

 

 

 

 

 

 

 

 

 

1,800

 

 

 

1,800

 

 

Discount Received Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

1,000

April 13

By Ramesh A/c

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

Sen Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

33,600

April 18

By Purchase A/c

 

30,000

 

 

 

 

April 18

By Input CGST A/c 

 

1,800

 

 

 

 

April 18

By Input SGST A/c 

 

1,800

 

 

 

 

 

 

 

 

 

 

 

33,600

 

 

 

33,600

 

 

Discount Allowed Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 19

To Sameer A/c

 

1,000

April 30

By Balance c/d

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

Telephone Expenses Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Bank A/c

 

2,000

April 30

By Balance c/d

 

2,000

 

 

 

2,000

 

 

 

2,000

 

Input CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 02

To Cash A/c

 

1,200

April 30

By Balance c/d

 

5,148

April 05

To Cash A/c

 

960

 

 

 

 

April 05

To Ramesh A/c

 

660

 

 

 

 

April 13 

To Cash A/c

 

108

 

 

 

 

April 18

To Sen A/c

 

1,800

 

 

 

 

April 30

To Bank A/c

 

300

 

 

 

 

April 30

To Bank A/c

 

120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,148

 

 

 

5,148

 

Input SGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 02

To Cash A/c

 

1,200

April 30

By Balance c/d

 

5,148

April 05

To Cash A/c

 

960

 

 

 

 

April 05

To Ramesh A/c

 

660

 

 

 

 

April 13 

To Cash A/c

 

108

 

 

 

 

April 18

To Sen A/c

 

1,800

 

 

 

 

April 30

To Bank A/c

 

300

 

 

 

 

April 30

To Bank A/c

 

120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,148

 

 

 

5,148

 

 

Output CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

84

April 28

To Cash A/c

 

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

84

 

 

 

84

 

Output SGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

84

April 28

To Cash A/c

 

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

84

 

 

 

84

 

 

Output IGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

2019

 

 

 

2019

 

 

 

April 30

To Balance c/d

 

7,320

April 12

To Sameer A/c

 

2,520

 

 

 

 

April 20

To Raj Banwari A/c 

 

4,800

 

 

 

 

 

 

 

 

 

 

 

7,320

 

 

 

7,320

 

Trial Balance

as on April 30, 2019 

Particulars

L.F.

Dr.

Rs. 

Cr.

Rs. 

Cash

 

31,232 

 

Bank

 

42,160 

 

Capital

 

 

1,20,000

Furniture and Fittings

 

20,000

 

Purchases

 

57,000

 

Raj Banwari

 

44,800

 

Sales

 

 

62,400

Salary

 

8,000

 

Rent

 

5,000

 

Stationary

 

1,800

 

Discount Received

 

 

1,000

Sen 

 

 

33,600

Sameer

 

2,520

 

Ramesh

 

 

1,320

Discount Allowed

 

1,000

 

Telephone Expenses

 

2,000

 

Input CGST

 

5,148

 

Input SGST

 

5,148

 

Output CGST

 

 

84 

Output SGST

 

 

84 

Output IGST

 

 

7,320 

 

 

 

 

 

 

2,25,808

2,25,808

 

Solution PQ 11

 

 

Journal

Sr. No.

Particulars

 

L.F.

Dr.

Rs. 

Cr.

Rs. 

 

 

 

 

 

 

 

Cash A/c

Dr.

 

15,000

 

 

Bank A/c

Dr.

 

55,000

 

 

Stock A/c

Dr.

 

28,000

 

 

Debtors A/c

Dr.

 

25,000

 

 

Computer and Printer A/c

Dr.

 

50,000

 

 

Delivery Van A/c

Dr.

 

25,000

 

 

Furniture A/c

Dr.

 

10,000

 

 

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

 

 

 

90,000

 

--------To Outstanding Salary A/c 

 

 

 

15,000

 

--------To Creditors A/c

 

 

 

20,000

 

--------To Bills Payable A/c

 

 

 

10,000

 

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

 

 

 

73,000

 

(Being balance brought forwarded from last month)

 

 

 

 

 

 

 

 

 

 

i.

Purchase A/c

Dr.

 

9,000

 

 

Input IGST A/c

Dr.

 

1,080

 

 

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

 

 

 

9,900

 

--------To Discount Received A/c 

 

 

 

180

 

(Being bought goods by bank with Discount Received, paid IGST 12%)

 

 

 

 

 

 

 

 

 

 

ii.

Bank A/c

Dr.

 

9,800

 

 

Discount Allowed A/c

Dr.

 

200

 

 

--------To Debtors A/c

 

 

 

10,000

 

(Being payment received Abhay With Discount Allowed)

 

 

 

 

 

 

 

 

 

 

iii.

Bank A/c

Dr.

 

10,000

 

 

--------To Debtors A/c

 

 

 

10,000

 

(Being payment received from Alok by bank)

 

 

 

 

 

 

 

 

 

 

iv.

Bank A/c

Dr.

 

3,750

 

 

Bad Debts A/c

Dr.

 

1,250

 

 

--------To Debtors A/c

 

 

 

5,000

 

(Being claim received by Sunil only 75%)

 

 

 

 

 

 

 

 

 

 

v.

Charity A/c

Dr.

 

1,120

 

 

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

 

 

 

1,000

 

--------To Input CGST A/c 

 

 

 

60

 

--------To Input SGST A/c 

 

 

 

60

 

(Being bought goods by Charity, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

vi.

Advertisement A/c

Dr.

 

560

 

 

--------To Purchases A/c

 

 

 

500

 

--------To Input IGST A/c 

 

 

 

60

 

(Being goods used by Advertisement, paid CGST and SGST 6% each)

 

 

 

 

 

 

 

 

 

 

vii.

Cash A/c

Dr.

 

10,000

 

 

--------To Bad Debts A/c

 

 

 

10,000

 

(Being recovered Bad Debts)

 

 

 

 

 

 

 

 

 

 

viii.

Salaries  A/c

Dr.

 

15,000

 

 

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

 

 

 

15,000

 

(Being paid salaries by cheque)

 

 

 

 

 

 

 

 

 

 

ix.

Cash A/c

Dr.

 

16,80,000

 

 

Debtors A/c

Dr.

 

3,36,000

 

 

--------To sales A/c

 

 

 

18,00,000

 

--------To Output CGST A/c (cash) 

 

 

 

90,000

 

--------To Output SGST A/c (cash) 

 

 

 

90,000

 

--------To Output IGST A/c (Debtors) 

 

 

 

36,000

 

(Being sales goods by cash and credit, paid CGST andSGST 6% each and IGST 12%)

 

 

 

 

 

 

 

 

 

 

x.

Purchase A/c

Dr.

 

1,00,000

 

 

Input CGST A/c(cash)

Dr.

 

6,000

 

 

Input SGST A/c(cash)

Dr.

 

6,000

 

 

Input IGST A/c (Creditors)

Dr. 

 

1,08,000

 

 

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

 

 

 

1,12,000

 

--------To Creditors A/c 

 

 

 

10,08,000

 

(Being bought goods by cash and credit, paid CGST andSGST 6% each and IGST 12%)

 

 

 

 

x.

Bank A/c

Dr.

 

15,00,000

 

 

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

 

 

 

15,00,000

 

(Being deposited cash)

 

 

 

 

x.

Bank A/c

Dr.

 

2,00,000

 

 

--------To Debtors A/c

 

 

 

2,00,000

 

(Being cheque received debtors)

 

 

 

 

 

 

 

 

 

 

xi.

Creditors A/c

Dr.

 

8,90,000

 

 

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

 

 

 

8,90,000

 

(Being paid to creditors by bank)

 

 

 

 

 

 

 

 

 

 

xii.

Bank Loan A/c

Dr.

 

20,000

 

 

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

 

 

 

20,000

 

(Being Loan paid in Cash)

 

 

 

 

 

 

 

 

 

 

 

Ledgers

Cash Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance b/d

 

15,000

 

By Purchases A/c

 

1,00,000

 

To Bad Debts A/c (Recovered)

 

10,000

 

By Input CGST A/c(cash) 

 

6,000

 

To Sales A/c

 

15,00,000

 

By Input CGST A/c(cash) 

 

6,000

 

To Output CGST A/c  

 

90,000

 

By Bank A/c

 

15,00,000

 

To Output CGST A/c  

 

90,000

 

By Balance c/d

 

93,000

 

 

 

 

 

 

 

 

 

 

 

17,05,000

 

 

 

17,05,000

 

Bank Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance b/d

 

55,000

 

By Purchase A/c

 

8,820

 

To Cash A/c

 

15,00,000

 

By Input IGST A/c

 

1,080

 

To Debtors A/c

 

9,800

 

By Creditors A/c

 

8,90,000

 

To Debtors A/c

 

10,000

 

By Salaries A/c 

 

15,000

 

To Debtors A/c

 

3,750

 

By Bank Loan A/c

 

20,000

 

To Debtors A/c

 

2,00,000

 

By Balance c/d

 

8,43,650

 

 

 

 

 

 

 

 

 

 

 

17,78,550

 

 

 

17,78,550

 

Stock Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

 

 

 

 

 

 

 

 

To Balance b/d

 

28,000

 

By Balance c/d

 

28,000

 

 

 

 

 

 

 

 

 

 

 

28,000

 

 

 

28,000

 

Debtors Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

 

 

 

 

 

 

 

 

To Balance b/d

 

25,000

 

By Bank A/c

 

9,800

 

To sales A/c

 

3,00,000

 

By Discount Allowed A/c 

 

200

 

To Output IGST A/c  

 

36,000

 

By Bank A/c 

 

10,000

 

 

 

 

 

By Bank A/c 

 

3,750

 

 

 

 

 

By Bad Debts A/c 

 

1,250

 

 

 

 

 

By Bank A/c

 

2,00,000

 

 

 

 

 

By Balance c/d

 

1,36,000

 

 

 

3,61,000

 

 

 

3,61,000

 

Furniture Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance b/d

 

10,000

 

By Balance c/d

 

10,000

 

 

 

 

 

 

 

 

 

 

 

10,000

 

 

 

10,000

 

Computer and printers Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance b/d

 

50,000

 

By Balance c/d

 

50,000

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

Delivery Van Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance b/d

 

25,000

 

By Balance c/d

 

25,000

 

 

 

 

 

 

 

 

 

 

 

25,000

 

 

 

25,000

 

Bank Loan Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Bank A/c

 

20,000

 

By Balance b/d

 

90,000

 

To Balance c/d

 

70,000

 

 

 

 

 

 

 

90,000

 

 

 

90,000

 

Creditors Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Bank A/c

 

8,90,000

 

By Balance b/d

 

20,000

 

To Balance c/d

 

1,38,000

 

By Purchase A/c

 

9,00,000

 

 

 

 

 

By Output IGST A/c

 

1,08,000

 

 

 

10,28,000

 

 

 

10,28,000

 

Bills Payable Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

10,000

 

By Balance b/d

 

10,000

 

 

 

 

 

 

 

 

 

 

 

10,000

 

 

 

10,000

 

Capital Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

73,000

 

By Balance b/d

 

73,000

 

 

 

 

 

 

 

 

 

 

 

73,000

 

 

 

73,000

 

Salaries Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Bank A/c

 

15,000

 

By Balance c/d

 

15,000

 

 

 

 

 

 

 

 

 

 

 

15,000

 

 

 

15,000

 

Purchases Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Bank A/c

 

8,820

 

By Charity A/c

 

1,000

 

To Discount Received A/c

 

180

 

By Drawing A/c

 

500

 

To Cash A/c

 

1,00,000

 

By Balance c/d

 

10,07,500

 

To Creditors A/c

 

9,00,000

 

 

 

 

 

 

 

10,09,000

 

 

 

10,09,000

 

Discount Received Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

180

 

By Purchases A/c

 

180

 

 

 

 

 

 

 

 

 

 

 

180

 

 

 

180

 

 

Discount Allowed Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Debtors A/c

 

200

 

By Balance c/d

 

200

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

200

 

Bad Debts Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Debtors A/c

 

1,250

 

By Balance c/d

 

1,250

 

 

 

 

 

 

 

 

 

 

 

1,250

 

 

 

1,250

 

Charity Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Purchases A/c

 

1,000

 

By Balance c/d

 

1,120

 

To Input CGST A/c

 

60

 

 

 

 

 

To Input SGST A/c

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,120

 

 

 

1,120

 

Advertisement Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Purchases A/c

 

500

 

By Balance c/d

 

560

 

To Input IGST A/c 

 

60

 

 

 

 

 

 

 

560

 

 

 

560

 

 

Bad Debts (Recovered) Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

10,000

 

By Cash A/c

 

10,000

 

 

 

 

 

 

 

 

 

 

 

10,000

 

 

 

10,000

 

Sales Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

18,00,000

 

By Cash A/c

 

15,00,000

 

 

 

 

 

By Debtors A/c

 

3,00,000

 

 

 

18,00,000

 

 

 

18,00,000

 

Input CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Cash A/c

 

6,000

 

By Charity A/c

 

60

 

 

 

 

 

By Balance c/d

 

5,940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

Input SGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Cash A/c

 

6,000

 

By Charity A/c

 

60

 

 

 

 

 

By Balance c/d

 

5,940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

Input IGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Bank A/c

 

1,080

 

By Balance c/d

 

1,09,020

 

To Creditors A/c

 

1,08,000

 

By Advertisement  A/c

 

60

 

 

 

1,09,080

 

 

 

1,09,080

 

Output CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

90,000

 

By Cash A/c

 

90,000

 

 

 

 

 

 

 

 

 

 

 

90,000

 

 

 

90,000

 

Output CGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

90,000

 

By Cash A/c

 

90,000

 

 

 

 

 

 

 

 

 

 

 

90,000

 

 

 

90,000

 

Output IGST Account

Dr. 

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs. 

 

To Balance c/d

 

36,000

 

By Debtors A/c

 

36,000

 

 

 

 

 

 

 

 

 

 

 

36,000

 

 

 

36,000