Page No 13.57:
Question 1:
Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance :−
2017
|
|
(â¹) |
March 1 |
Shyam Sunder & Sons commenced business with cash |
80,000 |
2 |
Purchased goods for cash |
36,000 |
3 |
Machinery purchased for cash |
4,000 |
4 |
Purchased goods from : |
|
|
Raghu
|
22,000 |
|
Dilip
|
30,000 |
6 |
Returned goods to Raghu |
4,000 |
8 |
Paid to Raghu, in full settlement of his account |
17,500 |
10 |
Sold goods to Mahesh Chand & Co. for â¹ 32,000 at 5% trade discount |
|
13 |
Received cash from Mahesh Chand & Co. |
19,800 |
|
Discount allowed |
200 |
15 |
Paid cash to Dilip |
14,850 |
|
Discount received |
150 |
20 |
Sold goods for cash |
25,000 |
24 |
Sold goods for cash to Sudhir Ltd. |
18,000 |
25 |
Paid for Rent |
1,500 |
26 |
Received for Commission |
2,000 |
28 |
Withdrew by Proprietor for his personal use |
5,000 |
28 |
Purchased a fan for Proprietor's house |
1,200 |
Answer:
Journal In the Books of… |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
2017 |
|
|
|
|
|
Mar. 01 |
Cash A/c |
Dr. |
|
80,000 |
|
|
To Capital A/c |
|
|
|
80,000 |
|
(Business started with cash) |
|
|
|
|
|
|
|
|
|
|
Mar. 02 |
Purchases A/c |
Dr. |
|
36,000 |
|
|
To Cash A/c |
|
|
|
36,000 |
|
(Goods purchased for cash) |
|
|
|
|
|
|
|
|
|
|
Mar. 03 |
Machinery A/c |
Dr. |
|
4,000 |
|
|
To Cash A/c |
|
|
|
4,000 |
|
(Machinery purchased for cash) |
|
|
|
|
|
|
|
|
|
|
Mar. 04 |
Purchases A/c |
Dr. |
|
52,000 |
|
|
To Raghu’s A/c |
|
|
|
22,000 |
|
To Dilip’s A/c |
|
|
|
30,000 |
|
(Goods purchased on credit from Raghu and Dilip) |
|
|
|
|
|
|
|
|
|
Mar. 06 |
Raghu’s A/c |
Dr. |
|
4,000 |
|
|
To Purchases Return A/c |
|
|
|
4,000 |
|
(Goods returned to Raghu) |
|
|
|
|
|
|
|
|
|
|
Mar. 08 |
Raghu’s A/c |
Dr. |
|
18,000 |
|
|
To Cash A/c |
|
|
|
17,500 |
|
To Discount Received A/c |
|
|
|
500 |
|
(Cash paid to Raghu in full settlement) |
|
|
|
|
|
|
|
|
|
|
Mar. 10 |
Mahesh Chand & Co. |
Dr. |
|
30,400 |
|
|
To Sales A/c |
|
|
|
30,400 |
|
(Goods sold to Mahesh Chand & Co. at trade discount) |
|
|
|
|
|
|
|
|
|
Mar. 13 |
Cash A/c |
Dr. |
|
19,800 |
|
|
Discount Allowed A/c |
|
|
200 |
|
|
To Mahesh Chand & Co. |
|
|
|
20,000 |
|
(Cash received from Mahesh Chand & Co.) |
|
|
|
|
|
|
|
|
|
|
Mar. 15 |
Dilip’s A/c |
Dr. |
|
15,000 |
|
|
To Cash A/c |
|
|
|
14,850 |
|
To Discount Received A/c |
|
|
|
150 |
|
(Cash paid to Dilip) |
|
|
|
|
|
|
|
|
|
|
Mar. 20 |
Cash A/c |
Dr. |
|
25,000 |
|
|
To Sales A/c |
|
|
|
25,000 |
|
(Goods sold for cash) |
|
|
|
|
|
|
|
|
|
|
Mar. 24 |
Cash A/c |
Dr. |
|
18,000 |
|
|
To Sales A/c |
|
|
|
18,000 |
|
(Goods sold for cash) |
|
|
|
|
|
|
|
|
|
|
Mar. 25 |
Rent A/c |
Dr. |
|
1,500 |
|
|
To Cash A/c |
|
|
|
1,500 |
|
(Rent paid) |
|
|
|
|
|
|
|
|
|
|
Mar. 26 |
Cash A/c |
Dr. |
|
2,000 |
|
|
To Commission A/c |
|
|
|
2,000 |
|
(Commission received) |
|
|
|
|
|
|
|
|
|
|
Mar. 28 |
Drawings A/c |
Dr. |
|
6,200 |
|
|
To Cash A/c |
|
|
|
6,200 |
|
(Cash withdrawn and fan purchased for personal use) |
|
|
|
|
|
TOTAL |
|
3,12,100 |
3,12,100 |
|
|
|
|
|
Cash Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.01 |
Capital A/c |
|
80,000 |
Mar.02 |
Purchases A/c |
|
36,000 |
Mar.13 |
Mahesh Chand & Co. |
|
19,800 |
Mar.03 |
Machinery A/c |
|
4,000 |
Mar.20 |
Sales A/c |
|
25,000 |
Mar.08 |
Raghu’s A/c |
|
17,500 |
Mar.24 |
Sales A/c |
|
18,000 |
Mar.15 |
Dilip’s A/c |
|
14,850 |
Mar.26 |
Commission A/c |
|
2,000 |
Mar.25 |
Rent A/c |
|
1,500 |
|
|
|
|
Mar.28 |
Drawings A/c |
|
6,200 |
|
|
|
|
Mar.31 |
Balance c/d |
|
64,750 |
|
|
|
1,44,800 |
|
|
|
1,44,800 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
64,750 |
|
|
|
|
|
|
|
|
|
|
|
|
Capital Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.31 |
Balance c/d |
|
80,000 |
Mar.01 |
Cash A/c |
|
80,000 |
|
|
|
80,000 |
|
|
|
80,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
80,000 |
|
|
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.02 |
Cash A/c |
|
36,000 |
Mar.31 |
Balance c/d |
|
88,000 |
Mar.04 |
Raghu’s A/c |
|
22,000 |
|
|
|
|
|
Dilip’s A/c |
|
30,000 |
|
|
|
|
|
|
|
88,000 |
|
|
|
88,000 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
88,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Machinery Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.03 |
Cash A/c |
|
4,000 |
Mar.31 |
Balance c/d |
|
4,000 |
|
|
|
4,000 |
|
|
|
4,000 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
4,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Raghu’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.06 |
Purchases Return A/c |
|
4,000 |
Mar.04 |
Purchases A/c |
|
22,000 |
Mar.08 |
Cash A/c |
|
17,500 |
|
|
|
|
|
Discount Received A/c |
|
500 |
|
|
|
|
|
|
|
22,000 |
|
|
|
22,000 |
|
|
|
|
|
|
|
|
Dilip’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.15 |
Cash A/c |
|
14,850 |
Mar.04 |
Purchases A/c |
|
30,000 |
Mar.15 |
Discount Received A/c |
|
150 |
|
|
|
|
Mar.31 |
Balance c/d |
|
15,000 |
|
|
|
|
|
|
|
30,000 |
|
|
|
30,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
15,000 |
|
|
|
|
|
|
|
|
Purchases Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.31 |
Balance c/d |
|
4,000 |
Mar.06 |
Raghu’s A/c |
|
4,000 |
|
|
|
4,000 |
|
|
|
4,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
4,000 |
|
|
|
|
|
|
|
|
Discount Received Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.31 |
Balance c/d |
|
650 |
Mar.08 |
Raghu’s A/c |
|
500 |
|
|
|
|
Mar.15 |
Dilip’s A/c |
|
150 |
|
|
|
650 |
|
|
|
650 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
650 |
|
|
|
|
|
|
|
|
Discount Allowed Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.13 |
Mahesh Chand & Co. |
|
200 |
Mar.31 |
Balance c/d |
|
200 |
|
|
|
200 |
|
|
|
200 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
200 |
|
|
|
|
|
|
|
|
|
|
|
|
Mahesh Chand & Co. |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.10 |
Sales A/c |
|
30,400 |
Mar.13 |
Cash A/c |
|
19,800 |
|
|
|
|
Mar.13 |
Discount Allowed A/c |
|
200 |
|
|
|
|
Mar.31 |
Balance c/d |
|
10,400 |
|
|
|
30,400 |
|
|
|
30,400 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
10,400 |
|
|
|
|
|
|
|
|
|
|
|
|
Rent Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.25 |
Cash A/c |
|
1,500 |
Mar.31 |
Balance c/d |
|
1,500 |
|
|
|
1,500 |
|
|
|
1,500 |
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
1,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Commission Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.31 |
Balance c/d |
|
2,000 |
Mar.26 |
Cash A/c |
|
2,000 |
|
|
|
2,000 |
|
|
|
2,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
2,000 |
|
|
|
|
|
|
|
|
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.28 |
Cash A/c |
|
6,200 |
Mar.31 |
Balance c/d |
|
6,200 |
|
|
|
6,200 |
|
|
|
6,200 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
6,200 |
|
|
|
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar.31 |
Balance c/d |
|
73,400 |
Mar.10 |
Mahesh Chand & Co. |
|
30,400 |
|
|
|
|
Mar.20 |
Cash A/c |
|
25,000 |
|
|
|
|
Mar.24 |
Cash A/c |
|
18,000 |
|
|
|
73,400 |
|
|
|
73,400 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Apr.01 |
Balance b/d |
|
73,400 |
|
|
|
|
|
|
|
|
Trial Balance as on March 31, 2017 |
Name of Accounts |
L.F. |
Debit Balances Amount (Rs) |
Credit Balances Amount (Rs) |
Cash A/c |
|
64,750 |
|
Capital A/c |
|
|
80,000 |
Purchases A/c |
|
88,000 |
|
Machinery A/c |
|
4,000 |
|
Dilip’s A/c |
|
|
15,000 |
Purchases Return A/c |
|
|
4,000 |
Discount Received A/c |
|
|
650 |
Discount Allowed A/c |
|
200 |
|
Mahesh Chand & Co. |
|
10,400 |
|
Rent A/c |
|
1,500 |
|
Commission A/c |
|
|
2,000 |
Drawings A/c |
|
6,200 |
|
Sales A/c |
|
|
73,400 |
Total |
|
1,75,050 |
1,75,050 |
|
|
|
|
Page No 13.58:
Question 2:
Following balances appeared in the books of Ram & Shyam on January 1, 2017 :−
Assets : Cash in hand â¹ 30,000; Stock â¹ 36,000; Lal Chand â¹ 7,600; Mukesh Khanna â¹ 16,200; Furniture â¹ 8,000.
Liabilities : Ghanshyam â¹ 6,000; Vinod â¹ 8,000.
Following transactions took place during Jan. 2017 :−
2017
|
|
Jan. 2 |
Purchased Typewriter for â¹ 7,500. |
4 |
Sold goods for Cash of the list price of â¹ 25,000 at 20% trade discount and 5% Cash discount. |
6 |
Sold goods to Gopal Seth for â¹ 10,000. |
8 |
Gopal Seth returned goods for â¹ 1,500. |
12 |
Purchased goods from Arun â¹ 12,000; and from Varun â¹ 15,000. |
13 |
Settled Arun's account in full after deducting 5% for cash discount. |
14 |
Paid cash to Ghanshyam in full settlement of his account. |
16 |
Received â¹ 7,500 from Lal Chand in full settlement of his account. |
17 |
Purchased a Scooter for office use â¹ 18,000. |
20 |
Sold goods for cash â¹ 20,000. |
22 |
Received from Gopal Seth â¹ 4,850 and discount allowed â¹ 150. |
27 |
Paid for Wages â¹ 7,000 and Salaries â¹ 3,000. |
28 |
Withdrew goods for â¹ 2,000 and Cash â¹ 1,500 for private use. |
29 |
Paid for Life Insurance Premium of the Proprietor â¹ 1,600. |
Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance.
Answer:
Journal In the Books of Ram & Shyam |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
2017 |
|
|
|
|
|
Jan.01 |
Cash in hand A/c |
Dr. |
|
30,000 |
|
|
Stock A/c |
Dr. |
|
36,000 |
|
|
Lal Chand’s A/c |
Dr. |
|
7,600 |
|
|
Mukesh Khanna’s A/c |
Dr. |
|
16,200 |
|
|
Furniture A/c |
Dr. |
|
8,000 |
|
|
To Ghanshyam’s A/c |
|
|
|
6,000 |
|
To Vinod’s A/c |
|
|
|
8,000 |
|
To Capital A/c (Balancing figure) |
|
|
|
83,800 |
|
(Opening entry made) |
|
|
|
|
|
|
|
|
|
Jan.02 |
Office Equipment A/c |
Dr. |
|
7,500 |
|
|
To Cash A/c |
|
|
|
7,500 |
|
(Typewriter purchased) |
|
|
|
|
|
|
|
|
|
|
Jan.04 |
Cash A/c |
Dr. |
|
19,000 |
|
|
Discount Allowed A/c |
Dr. |
|
1,000 |
|
|
To Sales A/c |
|
|
|
20,000 |
|
(Goods sold for cash at 20% trade discount) |
|
|
|
|
|
|
|
|
|
|
Jan.06 |
Gopal Seth’s A/c |
Dr. |
|
10,000 |
|
|
To Sales A/c |
|
|
|
10,000 |
|
(Goods sold on credit to Gopal Seth) |
|
|
|
|
|
|
|
|
|
|
Jan.08 |
Sales Return A/c |
Dr. |
|
1,500 |
|
|
To Gopal Seth’s A/c |
|
|
|
1,500 |
|
(Goods returned) |
|
|
|
|
|
|
|
|
|
|
Jan.12 |
Purchases A/c |
Dr. |
|
27,000 |
|
|
To Arun’s A/c |
|
|
|
12,000 |
|
To Varun’s A/c |
|
|
|
15,000 |
|
(Goods purchased on credit) |
|
|
|
|
|
|
|
|
|
|
Jan.13 |
Arun’s A/c |
Dr. |
|
12,000 |
|
|
To Cash A/c |
|
|
|
11,400 |
|
To Discount Received A/c |
|
|
|
600 |
|
(Cash paid to Arun in full settlement) |
|
|
|
|
|
|
|
|
|
|
Jan.14 |
Ghanshyam’s A/c |
Dr. |
|
6,000 |
|
|
To Cash A/c |
|
|
|
6,000 |
|
(Cash paid to Ghanshyam) |
|
|
|
|
|
|
|
|
|
|
Jan.16 |
Cash A/c |
Dr. |
|
7,500 |
|
|
Discount Allowed A/c |
Dr. |
|
100 |
|
|
To Lal Chand’s A/c |
|
|
|
7,600 |
|
(Cash received) |
|
|
|
|
|
|
|
|
|
|
Jan.17 |
Scooter A/c |
Dr. |
|
18,000 |
|
|
To Cash A/c |
|
|
|
18,000 |
|
(Scooter purchased) |
|
|
|
|
|
|
|
|
|
|
Jan.20 |
Cash A/c |
Dr. |
|
20,000 |
|
|
To Sales A/c |
|
|
|
20,000 |
|
(Goods sold for cash) |
|
|
|
|
|
|
|
|
|
|
Jan.22 |
Cash A/c |
Dr. |
|
4,850 |
|
|
Discount Allowed A/c |
Dr. |
|
150 |
|
|
To Gopal Seth’s A/c |
|
|
|
5,000 |
|
(Cash received) |
|
|
|
|
|
|
|
|
|
|
Jan.27 |
Wages A/c |
Dr. |
|
7,000 |
|
|
Salaries A/c |
Dr. |
|
3,000 |
|
|
To Cash A/c |
|
|
|
10,000 |
|
(Expenses paid) |
|
|
|
|
|
|
|
|
|
|
Jan.28 |
Drawings A/c |
Dr. |
|
3,500 |
|
|
To Purchases A/c |
|
|
|
2,000 |
|
To Cash A/c |
|
|
|
1,500 |
|
(Amount withdrawn) |
|
|
|
|
|
|
|
|
|
|
Jan.29 |
Drawings A/c |
Dr. |
|
1,600 |
|
|
To Cash A/c |
|
|
|
1,600 |
|
(Paid life insurance premium) |
|
|
|
|
|
TOTAL |
|
2,47,500 |
2,47,500 |
|
|
|
|
|
Cash Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.01 |
Balance c/d |
|
30,000 |
Jan.02 |
Typewriter A//c |
|
7,500 |
Jan.04 |
Sales A/c |
|
19,000 |
Jan.13 |
Arun’s A/c |
|
11,400 |
Jan.06 |
Lal Chand’s A/c |
|
7,500 |
Jan.14 |
Ghanshyam’s A/c |
|
6,000 |
Jan.20 |
Sales A/c |
|
20,000 |
Jan.17 |
Scooter A/c |
|
18,000 |
Jan.26 |
Gopal Seth’s A/c |
|
4,850 |
Jan.27 |
Wages A/c |
|
7,000 |
|
|
|
|
Jan.27 |
Salaries A/c |
|
3,000 |
|
|
|
|
Jan.28 |
Drawings A/c |
|
1,500 |
|
|
|
|
Jan.29 |
Drawings A/c |
|
1,600 |
|
|
|
|
Jan.31 |
Balance c/d |
|
25,350 |
|
|
|
81,350 |
|
|
|
81,350 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
25,350 |
|
|
|
|
|
|
|
|
|
|
|
|
Stock Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.01 |
Balance b/d |
|
36,000 |
Jan.31 |
Balance c/d |
|
36,000 |
|
|
|
36,000 |
|
|
|
36,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
36,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Lal Chand’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.01 |
Balance b/d |
|
7,600 |
Jan.06 |
Cash A/c |
|
7,500 |
|
|
|
|
|
Discount Allowed |
|
100 |
|
|
|
7,600 |
|
|
|
7,600 |
|
|
|
|
|
|
|
|
Mukesh Khanna’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.01 |
Balance b/d |
|
16,200 |
Jan.31 |
Balance c/d |
|
16,200 |
|
|
|
16,200 |
|
|
|
16,200 |
2017 |
|
|
|
|
|
|
|
Jan.01 |
Balance b/d |
|
16,200 |
|
|
|
|
|
|
|
|
|
|
|
|
Furniture Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.01 |
Balance b/d |
|
8,000 |
Jan.31 |
Balance c/d |
|
8,000 |
|
|
|
8,000 |
|
|
|
8,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
8,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Ghanshyam’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.14 |
Cash A/c |
|
6,000 |
Jan.01 |
Balance b/d |
|
6,000 |
|
|
|
6,000 |
|
|
|
6,000 |
|
|
|
|
|
|
|
|
Vinod’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.31 |
Balance c/d |
|
8,000 |
Jan.01 |
Balance b/d |
|
8,000 |
|
|
|
8,000 |
|
|
|
8,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
8,000 |
|
|
|
|
|
|
|
|
Capital Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.31 |
Balance c/d |
|
83,800 |
Jan.01 |
Balance b/d |
|
83,800 |
|
|
|
83,800 |
|
|
|
83,800 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
83,800 |
|
|
|
|
|
|
|
|
Office Equipment Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.02 |
Cash A/c |
|
7,500 |
Jan.31 |
Balance c/d |
|
7,500 |
|
|
|
7,500 |
|
|
|
7,500 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
7,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Discount Allowed Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.04 |
Sales A/c |
|
1,000 |
Jan.31 |
Balance c/d |
|
1,250 |
Jan.16 |
Lal Chand’s A/c |
|
100 |
|
|
|
|
Jan.22 |
Gopal Seth’s A/c |
|
150 |
|
|
|
|
|
|
|
1,250 |
|
|
|
1,250 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
1,250 |
|
|
|
|
|
|
|
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.31 |
Balance c/d |
|
50,000 |
Jan.04 |
Cash A/c |
|
19,000 |
|
|
|
|
Jan.04 |
Discount Allowed A/c |
|
1,000 |
|
|
|
|
Jan.06 |
Gopal Seth’s A/c |
|
10,000 |
|
|
|
|
Jan.20 |
Cash A/c |
|
20,000 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
50,000 |
|
|
|
|
|
|
|
|
Gopal Seth’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.06 |
Sales A/c |
|
10,000 |
Jan.08 |
Sales Return A/c |
|
1,500 |
|
|
|
|
Jan.22 |
Cash A/c |
|
4,850 |
|
|
|
|
Jan.22 |
Discount Allowed |
|
150 |
|
|
|
|
Jan.31 |
Balance c/d |
|
3,500 |
|
|
|
10,000 |
|
|
|
10,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
3,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.08 |
Gopal Seth’s A/c |
|
1,500 |
Jan.31 |
Balance c/d |
|
1,500 |
|
|
|
1,500 |
|
|
|
1,500 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
1,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.12 |
Arun’s A/c |
|
12,000 |
Jan.28 |
Drawings A/c |
|
2,000 |
|
Varun’s A/c |
|
15,000 |
Jan.31 |
Balance c/d |
|
25,000 |
|
|
|
27,000 |
|
|
|
27,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
25,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Arun’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.13 |
Cash A/c |
|
11,400 |
Jan.12 |
Purchases A/c |
|
12,000 |
Jan.13 |
Discount Received A/c |
|
600 |
|
|
|
|
|
|
|
12,000 |
|
|
|
12,000 |
|
|
|
|
|
|
|
|
Varun’s A/c |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.31 |
Balance c/d |
|
15,000 |
Jan.12 |
Purchases A/c |
|
15,000 |
|
|
|
15,000 |
|
|
|
15,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
15,000 |
|
|
|
|
|
|
|
|
Discount Received Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.31 |
Balance c/d |
|
600 |
Jan.13 |
Arun’s A/c |
|
600 |
|
|
|
600 |
|
|
|
600 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
600 |
|
|
|
|
|
|
|
|
Scooter Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.17 |
Cash A/c |
|
18,000 |
Jan.31 |
Balance c/d |
|
18,000 |
|
|
|
18,000 |
|
|
|
18,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
18,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Wages Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.27 |
Cash A/c |
|
7,000 |
Jan.31 |
Balance c/d |
|
7,000 |
|
|
|
7,000 |
|
|
|
7,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
7,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Salaries Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.27 |
Cash A/c |
|
3,000 |
Jan.31 |
Balance c/d |
|
3,000 |
|
|
|
3,000 |
|
|
|
3,000 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
3,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan.28 |
Purchases A/c |
|
2,000 |
Jan.31 |
Balance c/d |
|
5,100 |
Jan.28 |
Cash A/c |
|
1,500 |
|
|
|
|
Jan.29 |
Cash A/c |
|
1,600 |
|
|
|
|
|
|
|
5,100 |
|
|
|
5,100 |
2017 |
|
|
|
|
|
|
|
Feb.01 |
Balance b/d |
|
5,100 |
|
|
|
|
|
|
|
|
|
|
|
|
Trial Balance as on Jan. 31, 2017 |
Name of Accounts |
L.F. |
Debit
Balances Amount (Rs) |
Credit
Balances Amount (Rs) |
Cash A/c |
|
25,350 |
– |
Stock A/c |
|
36,000 |
– |
Mukesh Khanna’s A/c |
|
16,200 |
– |
Furniture A/c |
|
8,000 |
– |
Vinod’s A/c |
|
– |
8,000 |
Capital A/c |
|
– |
83,800 |
Office Equipment A/c |
|
7,500 |
– |
Discount Allowed A/c |
|
1,250 |
– |
Sales A/c |
|
– |
50,000 |
Gopal Seth’s A/c |
|
3,500 |
– |
Sales Return A/c |
|
1,500 |
– |
Purchases A/c |
|
25,000 |
– |
Varun’s A/c |
|
– |
15,000 |
Discount Received A/c |
|
– |
600 |
Scooter A/c |
|
18,000 |
– |
Wages A/c |
|
7,000 |
– |
Salaries A/c |
|
3,000 |
– |
Drawings A/c |
|
5,100 |
– |
Total |
|
1,57,400 |
1,57,400 |
|
|
|
|
Page No 13.59:
Question 3:
Prepare Journal Entries of the following postings :-
(I) Dr. |
PURCHASES A/C |
Cr. |
|
â¹ |
|
â¹ |
To Cash A/c |
2,000 |
|
|
(II) Dr. |
SALARIES A/C |
Cr. |
|
â¹ |
|
â¹ |
To Cash A/c |
1,500 |
|
|
(III) Dr. |
INTEREST A/C |
Cr. |
|
â¹ |
|
â¹ |
To Cash A/c |
5,000 |
|
|
Answer:
Journal In the Books of… |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
(I) |
Purchases A/c |
Dr. |
|
2,000 |
|
|
To Cash A/c |
|
|
|
2,000 |
|
(Goods purchased for cash) |
|
|
|
|
|
|
|
|
|
|
(II) |
Salaries A/c |
Dr. |
|
1,500 |
|
|
To Cash A/c |
|
|
|
1,500 |
|
(Salary paid in cash) |
|
|
|
|
|
|
|
|
|
|
(III) |
Cash A/c |
Dr. |
|
800 |
|
|
To Interest A/c |
|
|
|
800 |
|
(Received interest in cash) |
|
|
|
|
|
|
|
|
|
|
(IV) |
Mohan’s A/c |
Dr. |
|
5,000 |
|
|
To Cash A/c |
|
|
|
5,000 |
|
(Cash paid to Mohan) |
|
|
|
|
|
|
|
|
|
Page No 13.59:
Question 4:
Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger â¶
May 1 |
Balance of Cash in Hand â¹ 12,400; Bank Overdraft â¹ 36,000. |
3 |
Direct deposit by Mr. Ganesh in our bank account â¹ 10,000. Discount allowed â¹ 200. |
5 |
Issued a cheque of â¹ 7,700 to Mr. Suresh in full settlement of his account of â¹ 8,000. |
6 |
Received a cheque from X for â¹ 12,000. Discount allowed â¹ 500. This cheque was deposited into bank on 7th May. |
8 |
Received Cash â¹ 22,000 and cheque of â¹ 8,000 for cash sale. |
12 |
Cash sale â¹ 70,000 of which â¹ 55,000 banked. |
15 |
Cheque received on 8th May endorsed to Mr. Sunil. Discount received â¹ 150. |
20 |
Discounted a B/R of â¹ 10,000 at 1% through bank. |
24 |
Cheque received from X dishonoured, Bank debits â¹ 20 in respect of bank charges. |
25 |
Purchased goods for â¹ 50,000 at a trade discount of 10%. Payment was made in cash. |
26 |
Withdrew from bank â¹ 10,000 for office use and â¹ 2,000 for personal use. |
31 |
Interest debited by Bank â¹ 4,500. |
Answer:
Cash Book |
Dr. |
|
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
May 01 |
Balance b/d |
|
12,400 |
– |
May 01 |
Balance b/d |
|
– |
36,000 |
May 03 |
Ganesh’s A/c |
|
– |
10,000 |
May 05 |
Suresh’s A/c |
|
– |
7,700 |
May 07 |
Cheques-in-hand A/c |
|
– |
12,000 |
May 24 |
X’s A/c |
|
– |
12,000 |
May 08 |
Sales A/c |
|
22,000 |
– |
May 24 |
Bank Charges A/c |
|
– |
20 |
May 12 |
Sales A/c |
|
15,000 |
55,000 |
May 25 |
Purchases A/c |
|
45,000 |
– |
May 20 |
Bills Receivable A/c |
|
– |
9,900 |
May 26 |
Cash A/c |
C |
– |
10,000 |
May 26 |
Bank A/c |
C |
10,000 |
– |
May 26 |
Drawings A/c |
|
– |
2,000 |
|
|
|
|
|
May 31 |
Interest A/c |
|
– |
4,500 |
|
|
|
|
|
May 31 |
Balance c/d |
|
14,400 |
14,680 |
|
|
|
59,400 |
86,900 |
|
|
|
59,400 |
86,900 |
June 01 |
Balance b/d |
|
14,400 |
14,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Journal |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
May 06 |
Cheques-in-Hand A/c |
Dr. |
|
12,000 |
|
|
Discount Allowed A/c |
Dr. |
|
500 |
|
|
To X’s A/c |
|
|
|
12,500 |
|
(Cheque received from X but not banked) |
|
|
|
|
|
|
|
|
|
|
May 08 |
Cheques-in-Hand A/c |
Dr. |
|
8,000 |
|
|
To Sales A/c |
|
|
|
8,000 |
|
(Cheque received for sales but not banked) |
|
|
|
|
|
|
|
|
|
|
May 15 |
Sunil’s A/c |
Dr. |
|
8,150 |
|
|
To Cheques-in-Hand A/c |
|
|
|
8,000 |
|
To Discount Received A/c |
|
|
|
150 |
|
(Cheque received from sales endorsed to Sunil) |
|
|
|
|
|
|
|
|
|
|
May 20 |
Discounting Charges A/c |
Dr. |
|
100 |
|
|
To Bills Receivable A/c |
|
|
|
100 |
|
(Bills receivable discounted with bank) |
|
|
|
|
|
|
|
|
|
|
May 24 |
X’s A/c |
Dr. |
|
500 |
|
|
To Discount Allowed A/c |
|
|
|
500 |
|
(Discount cancelled) |
|
|
|
|
|
|
|
|
|
Discount Allowed Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 03 |
Ganesh’s A/c |
|
200 |
May 24 |
X’s A/c |
|
500 |
May 06 |
X’s A/c |
|
500 |
May 31 |
Balance c/d |
|
200 |
|
|
|
700 |
|
|
|
700 |
June 01 |
Balance b/d |
|
200 |
|
|
|
|
|
|
|
|
|
|
|
|
Discount Received Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 31 |
Balance c/d |
|
450 |
May 05 |
Suresh’s A/c |
|
300 |
|
|
|
|
May 15 |
Sunil’s A/c |
|
150 |
|
|
|
450 |
|
|
|
450 |
|
|
|
|
June 01 |
Balance b/d |
|
450 |
|
|
|
|
|
|
|
|
Cheques-in-Hand Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 06 |
X’s A/c |
|
12,000 |
May 07 |
Bank A/c |
|
12,000 |
May 08 |
Sales A/c |
|
8,000 |
May 15 |
Sunil’s A/c |
|
8,000 |
|
|
|
20,000 |
|
|
|
20,000 |
|
|
|
|
|
|
|
|
Discounting Charges Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 20 |
Bills Receivable A/c |
|
100 |
May 31 |
Balance c/d |
|
100 |
|
|
|
100 |
|
|
|
100 |
June 01 |
Balance b/d |
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
Bills Receivable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 31 |
Balance c/d |
|
10,000 |
May 20 |
Bank A/c |
|
9,900 |
|
|
|
|
May 20 |
Discounting Charges A/c |
|
100 |
|
|
|
10,000 |
|
|
|
10,000 |
|
|
|
|
June 01 |
Balance b/d |
|
100 |
|
|
|
|
|
|
|
|
Ganesh’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 31 |
Balance c/d |
|
10,200 |
May 03 |
Bank A/c |
|
10,000 |
|
|
|
|
May 03 |
Discount Allowed A/c |
|
200 |
|
|
|
10,200 |
|
|
|
10,200 |
|
|
|
|
June 01 |
Balance b/d |
|
10,200 |
|
|
|
|
|
|
|
|
X’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 24 |
Discount Allowed A/c |
|
500 |
May 06 |
Cheques-in-Hand A/c |
|
12,000 |
May 24 |
Bank A/c |
|
12,000 |
May 06 |
Discount Allowed A/c |
|
500 |
|
|
|
12,500 |
|
|
|
12,500 |
|
|
|
|
|
|
|
|
Suresh’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 05 |
Bank A/c |
|
7,700 |
May 31 |
Balance c/d |
|
8,000 |
May 05 |
Discount Received A/c |
|
300 |
|
|
|
|
|
|
|
8,000 |
|
|
|
8,000 |
June 01 |
Balance b/d |
|
8,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 31 |
Balance c/d |
|
1,00,000 |
May 08 |
Cash A/c |
|
22,000 |
|
|
|
|
May 08 |
Cheques-in-Hand A/c |
|
8,000 |
|
|
|
|
May 15 |
Cash A/c |
|
15,000 |
|
|
|
|
May 15 |
Bank A/c |
|
55,000 |
|
|
|
1,00,000 |
|
|
|
1,00,000 |
|
|
|
|
June 01 |
Balance b/d |
|
1,00,000 |
|
|
|
|
|
|
|
|
Bank Charges Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 24 |
Bank A/c |
|
20 |
May 31 |
Balance c/d |
|
20 |
|
|
|
20 |
|
|
|
20 |
June 01 |
Balance b/d |
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 25 |
Bank A/c |
|
45,000 |
May 31 |
Balance c/d |
|
45,000 |
|
|
|
45,000 |
|
|
|
45,000 |
June 01 |
Balance b/d |
|
45,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 26 |
Bank A/c |
|
2,000 |
May 31 |
Balance c/d |
|
2,000 |
|
|
|
2,000 |
|
|
|
2,000 |
June 01 |
Balance b/d |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Interest Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 31 |
Bank A/c |
|
4,500 |
May 31 |
Balance c/d |
|
4,500 |
|
|
|
4,500 |
|
|
|
4,500 |
June 01 |
Balance b/d |
|
4,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Sunil’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
May 15 |
Cheques-in-Hand A/c |
|
8,000 |
May 31 |
Balance c/d |
|
8,150 |
May 15 |
Discount Received A/c |
|
150 |
|
|
|
|
|
|
|
8,150 |
|
|
|
8,150 |
June 01 |
Balance b/d |
|
8,150 |
|
|
|
|
|
|
|
|
|
|
|
|
Page No 13.60:
Question 5:
Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger:
2017 |
|
Nov. 3 |
Purchased goods from Sachdeva Furniture Store, New Delhi : |
|
50 Chairs @ â¹ 2,000 each
|
|
5 Tables @ â¹ 10,000 each
|
|
Less: 10% Trade Discount
|
10 |
Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued â¹ 2,00,000, less % Trade Discount. |
18 |
Purchased furniture from Fashion Furniture House, Chandigarh of the list price of â¹ 2,50,000, less 15%. |
20 |
Purchased from India Furniture House, New Delhi : |
|
100 Chairs @ â¹ 1,800 each
|
25 |
Purchased from Mohan Lal & Sons furniture of the value of â¹ 20,000 for cash. |
Answer:
Purchases Book of Modern Furniture House, New Delhi |
|
|
|
|
Date |
Particulars |
L.F. |
Details (â¹) |
Purchases (â¹) |
Input CGST
(â¹) |
Input SGST
(â¹) |
Input IGST
(â¹) |
Total
Amount
(â¹) |
2017 |
|
|
|
|
|
|
|
|
Nov. 03 |
Sachdeva Furniture Store, New Delhi |
|
|
|
|
|
|
|
|
50 Chairs @ Rs 2,000 each |
|
1,00,000 |
|
|
|
|
|
|
05 Tables @ Rs 10,000 each |
|
50,000 |
|
|
|
|
|
|
|
|
1,50,000 |
|
|
|
|
|
|
Less: 10% Trade Discount |
|
15,000 |
|
|
|
|
|
|
|
|
1,35,000 |
|
|
|
|
|
|
Add: 12% IGST |
|
16,200 |
|
|
|
|
|
|
|
|
1,51,200 |
1,35,000 |
- |
- |
16,200 |
1,51,200 |
Nov. 10 |
Mahadeva & Co.,Jaipur (Rajasthan) |
|
2,00,000 |
|
|
|
|
|
|
Less: Trade Discount |
|
25,000 |
|
|
|
|
|
|
|
|
1,75,000 |
|
|
|
|
|
|
Add: 6% CGST |
|
10,500 |
|
|
|
|
|
|
6% SGST |
|
10,500 |
|
|
|
|
|
|
|
|
1,96,000 |
1,75,000 |
10,500 |
10,500 |
- |
1,96,000 |
Nov. 18 |
Fashion Furniture House, Chandigarh (Punjab) |
|
2,50,000 |
|
|
|
|
|
|
Less: 15% Discount |
|
37,500 |
|
|
|
|
|
|
|
|
2,12,500 |
|
|
|
|
|
|
Add: 6% CGST |
|
12,750 |
|
|
|
|
|
|
6% SGST |
|
12,750 |
|
|
|
|
|
|
|
|
2,38,000 |
2,12,500 |
12,750 |
12,750 |
- |
2,38,000 |
Nov. 20 |
India Furniture House, New Delhi |
|
|
|
|
|
|
|
|
100 Chairs @ 1,800 each |
|
1,80,000 |
|
|
|
|
|
|
Add: 12% IGST |
|
21,600 |
|
|
|
|
|
|
|
|
2,01,600 |
1,80,000 |
- |
- |
21,600 |
2,01,600 |
Nov. 30 |
Purchases A/c |
Dr. |
|
|
7,02,500 |
23,250 |
23,250 |
37,800 |
7,86,800 |
|
|
|
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Nov. 30 |
Sundries as per Purchases Book |
|
7,02,500 |
|
|
|
|
|
|
|
|
|
|
|
|
Sachdeva Furniture Store Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Nov. 03 |
Purchases A/c |
|
1,35,000 |
|
|
|
|
Nov. 03 |
Input IGST A/c |
|
16,200 |
Mahadeva & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Nov. 10 |
Purchases A/c |
|
1,75,000 |
|
|
|
|
Nov. 10 |
Input CGST A/c |
|
10,500 |
|
|
|
|
Nov. 10 |
Input SGST A/c |
|
10,500 |
Fashion Furniture House Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Nov. 18 |
Purchases A/c |
|
2,12,500 |
|
|
|
|
Nov. 18 |
Input CGST A/c |
|
12,750 |
|
|
|
|
Nov. 18 |
Input SGST A/c |
|
12,750 |
India Furniture House Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Nov. 20 |
Purchases A/c |
|
1,80,000 |
|
|
|
|
Nov. 20 |
Input IGST A/c |
|
21,600 |
|
|
|
|
|
|
|
|
|
|
Note: Transaction on Nov. 25 will not be recorded in the Purchases Book as it is a cash transaction.
(2) Input CGST, Input SGST and Input IGST according to text book are Rs.18,900, 18,900 and Rs.46,500 respectively while as per our calculation Input CGST, Input SGST and Input IGST are Rs.23,250, 2,250 and Rs.37,800 respectively
Page No 13.60:
Question 6:
Record the following transaction in the Sales Book of Karunakaran & Sons, Chennai (Tamilnadu) assuming CGST @ 90% and SGST @ 9% and post them into Ledger :-
2017 |
|
Dec. 5 |
Sold of M/s Banwari Lal & Sons, Chennai, goods valued at â¹ 2,00,000 less Trade Discount 10%. |
10 |
Sold to M/s Kanti Bhai & Sons, Bengaluru (Karnataka) : |
|
75 Electric Fans @ â¹ 4,000 each |
|
20 Room Coolers @ â¹ 10,000 each |
|
Less: Trade Discount 8% |
16 |
Mahindra & Co., Kochi (Kerala) purchased from us goods of â¹ 1,20,000, less: 5%. |
24 |
Sold goods for cash â¹ 60,000. |
Answer:
Sales Book of Karunakaran & Sons, Chennai (Tamilnadu) |
|
|
|
|
Date |
Particulars |
L.F. |
Details (â¹) |
Sales (â¹) |
Output CGST
(â¹) |
Output SGST
(â¹) |
Output IGST
(â¹) |
Total Amount
(â¹) |
2017 |
|
|
|
|
|
|
|
|
Dec. 05 |
M/s Banwari Lal & Sons, Chennai |
|
2,00,000 |
|
|
|
|
|
|
Less: 10% Trade Discount |
|
20,000 |
|
|
|
|
|
|
|
|
1,80,000 |
|
|
|
|
|
|
Add: 9% CGST |
|
16,200 |
|
|
|
|
|
|
9% SGST |
|
16,200 |
|
|
|
|
|
|
|
|
2,12,400 |
1,80,000 |
16,200 |
16,200 |
– |
2,12,400 |
Dec. 10 |
M/s Kanti Bhai & Sons, Bengaluru (Karnataka) |
|
|
|
|
|
|
|
|
75 Electric Fans @ Rs 4,000 each |
|
3,00,000 |
|
|
|
|
|
|
20 Room Coolers @ Rs 10,000 each |
|
2,00,000 |
|
|
|
|
|
|
|
|
5,00,000 |
|
|
|
|
|
|
Less: 8% Trade Discount |
|
40,000 |
|
|
|
|
|
|
|
|
4,60,000 |
|
|
|
|
|
|
Add: 18% IGST |
|
82,800 |
|
|
|
|
|
|
|
|
5,42,800 |
4,60,000 |
– |
– |
82,800 |
5,42,800 |
|
|
|
|
|
|
|
|
|
Dec. 16 |
Mahindra & Co., Kochi (Kerala) |
|
1,20,000 |
|
|
|
|
|
|
Less: 5% Trade Discount |
|
6,000 |
|
|
|
|
|
|
|
|
1,14,000 |
|
|
|
|
|
|
Add: 18% IGST |
|
20,520 |
|
|
|
|
|
|
|
|
1,34,520 |
1,14,000 |
– |
– |
20,520 |
1,34,520 |
Dec. 31 |
|
|
|
|
7,54,000 |
16,200 |
16,200 |
1,03,320 |
8,89,720 |
|
|
|
|
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Dec. 31 |
Sundries as per Sales Book |
|
7,54,000 |
|
|
|
|
|
|
|
|
M/s Banwari Lal & Sons |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Dec. 05 |
Sales A/c |
|
1,80,000 |
|
|
|
|
Dec. 05 |
Output CGST A/c |
|
16,200 |
|
|
|
|
Dec. 05 |
Output SGST A/c |
|
16,200 |
|
|
|
|
M/s Kanti Bhai & Sons Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Dec. 10 |
Sales A/c |
|
4,60,000 |
|
|
|
|
Dec. 10 |
Outpput IGST A/c |
|
82,800 |
|
|
|
|
Mahindra & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Dec. 16 |
Sales A/c |
|
1,14,000 |
|
|
|
|
Dec. 16 |
Outpput IGST A/c |
|
20,520 |
|
|
|
|
Note: Transaction on Dec. 24 will not be recorded in the Sales Book as it is a cash transaction.
Page No 13.61:
Question 7:
Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-
2017 |
|
Nov. 7 |
Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat) : |
|
5 Chairs @ â¹ 2,000 each |
|
1 Table for â¹ 15,000 |
|
Less: 10% Trade Discount |
22 |
Returned 8 Chairs to India Furniture House, Jodhpur (Rajasthan) @ â¹ 1,500 each, being not of specified quality. |
24 |
Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample â¹ 50,000. |
28 |
Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of mistake in the invoice â¹ 16,000. |
Answer:
Purchases Return Book of Modern Furniture House, Udaipur (Rajasthan) |
|
|
|
|
Date |
Particulars |
Debit Note No. |
L.F. |
Details (â¹) |
Purchases Return (â¹) |
Input CGST
(â¹) |
Input SGST
(â¹) |
Input IGST
(â¹) |
Total Amount
(â¹) |
2017 |
|
|
|
|
|
|
|
|
|
Nov. 07 |
Sachdeva Furniture Store, Ahemdabad (Gujarat) |
|
|
|
|
|
|
|
|
|
5 Chairs @ 2,000 each |
|
|
10,000 |
|
|
|
|
|
|
1 Table for Rs 15,000 |
|
|
15,000 |
|
|
|
|
|
|
|
|
|
25,000 |
|
|
|
|
|
|
Less: 10% Trade Discount |
|
|
2,500 |
|
|
|
|
|
|
|
|
|
22,500 |
|
|
|
|
|
|
Add: 12% IGST |
|
|
2,700 |
|
|
|
|
|
|
|
|
|
25,200 |
22,500 |
– |
– |
2,700 |
25,200 |
|
|
|
|
|
|
|
|
|
|
Nov. 22 |
India Furniture House, Jodhpur (Rajasthan) |
|
|
|
|
|
|
|
|
|
8 Chairs @ Rs 1,500 per Chair |
|
|
12,000 |
|
|
|
|
|
|
Add: 6% CGST |
|
|
720 |
|
|
|
|
|
|
6% SGST |
|
|
720 |
|
|
|
|
|
|
|
|
|
13,440 |
12,000 |
720 |
720 |
– |
13,440 |
Nov. 24 |
Arora & Co, Jaipur (Rajasthan) |
|
|
|
|
|
|
|
|
|
1 Dining Tables @ Rs 50,000 each |
|
|
50,000 |
|
|
|
|
|
|
Add: 6% CGST |
|
|
3,000 |
|
|
|
|
|
|
6% SGST |
|
|
3,000 |
|
|
|
|
|
|
|
|
|
56,000 |
50,000 |
3,000 |
3,000 |
– |
56,000 |
|
|
|
|
|
|
|
|
|
|
Nov. 28 |
Delhi Furniture Shop, Ahemdabad (Gujarat) |
|
|
16,000 |
|
|
|
|
|
|
Add: 12% IGST |
|
|
1,920 |
|
|
|
|
|
|
|
|
|
17,920 |
16,000 |
– |
– |
1,920 |
17,920 |
Nov. 30 |
|
|
|
|
|
1,00,500 |
3,720 |
3,720 |
4,620 |
1,12,560 |
|
|
|
|
|
|
|
|
|
|
Purchases Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Nov. 30 |
Sundries as per Purchases Return Book |
|
1,00,500 |
|
|
|
|
|
|
|
|
India Furniture House Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Nov. 22 |
Purchases Return A/c |
|
12,000 |
|
|
|
|
Nov. 22 |
Input CGST A/c |
|
720 |
|
|
|
|
Nov. 22 |
Input SGST A/c |
|
720 |
|
|
|
|
Delhi Furniture Shop Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Nov. 28 |
Purchases Return A/c |
|
16,000 |
|
|
|
|
Nov. 28 |
Input IGST |
|
1,920 |
|
|
|
|
Sachdeva Furniture Store Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Nov. 07 |
Purchases Return A/c |
|
22,500 |
|
|
|
|
Nov. 07 |
Input IGST |
|
2,700 |
|
|
|
|
Arora & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2017 |
|
|
|
|
|
|
|
Nov. 24 |
Purchases Return A/c |
|
50,000 |
|
|
|
|
Nov. 24 |
Input CGST A/c |
|
3,000 |
|
|
|
|
Nov. 24 |
Input SGST A/c |
|
3,000 |
|
|
|
|
Page No 13.61:
Question 8:
Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:
2018 |
|
Jan. 5 |
Goods returned to us by Giriraj & Co., Pune (Maharashtra) worth â¹ 40,000, less 10% trade discount. |
10 |
Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to sample â¹ 30,000. |
16 |
Allowance claimed by Jai Singh & Co., Mathura (U.P) on account of a mistake in the invoice â¹ 10,000. |
20 |
Good returned by Gopalsons, Mumbai being defective â¹ 20,000. |
Answer:
Sales Return Book of M/s Kanitkar & Co. , Mumbai (Maharashtra) |
|
|
|
|
Date |
Particulars |
Credit Note No. |
L.F. |
Details (â¹) |
Sales Return (â¹) |
Output CGST
(â¹) |
Output SGST
(â¹) |
Output IGST
(â¹) |
Total Amount
(â¹) |
2018 |
|
|
|
|
|
|
|
|
|
Jan. 05 |
Giriraj & Co., Pune (Maharashtra) |
|
|
40,000 |
|
|
|
|
|
|
Less: 10% Trade Discount |
|
|
4,000 |
|
|
|
|
|
|
|
|
|
36,000 |
|
|
|
|
|
|
Add: 2.5% CGST |
|
|
900 |
|
|
|
|
|
|
2.5% SGST |
|
|
900 |
|
|
|
|
|
|
|
|
|
37,800 |
36,000 |
900 |
900 |
- |
37,800 |
Jan. 10 |
Shah Brothers, Jaipur (Rajasthan) |
|
|
30,000 |
|
|
|
|
|
|
Add: 5% IGST |
|
|
1,500 |
|
|
|
|
|
|
|
|
|
31,500 |
30,000 |
- |
- |
1,500 |
31,500 |
Jan. 16 |
Jai Singh & Co., Mathura (U.P.) |
|
|
10,000 |
|
|
|
|
|
|
Add: 5% IGST |
|
|
500 |
|
|
|
|
|
|
|
|
|
10,500 |
10,000 |
- |
- |
500 |
10,500 |
Jan. 20 |
Gopalsons, Mumbai |
|
|
20,000 |
|
|
|
|
|
|
Add: 2.5% CGST |
|
|
500 |
|
|
|
|
|
|
2.5% SGST |
|
|
500 |
|
|
|
|
|
|
|
|
|
21,000 |
20,000 |
500 |
500 |
- |
21,000 |
Jan. 31 |
Sales Return A/c |
Dr. |
|
|
|
96,000 |
1,400 |
1,400 |
2,000 |
1,00,800 |
|
|
|
|
|
|
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
2018 |
|
|
|
|
|
|
|
Jan. 31 |
Sundries as per Sales Return Book |
|
96,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Shah Brothers Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2018 |
|
|
|
|
|
|
|
Jan. 10 |
Sales Return A/c |
|
30,000 |
|
|
|
|
Jan. 10 |
Output IGST |
|
1,500 |
Gopalsons Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2018 |
|
|
|
|
|
|
|
Jan. 20 |
Sales Return A/c |
|
20,000 |
|
|
|
|
Jan. 20 |
Output CGST |
|
500 |
|
|
|
|
Jan. 20 |
Output SGST |
|
500 |
Giriraj & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2018 |
|
|
|
|
|
|
|
Jan. 05 |
Sales Return A/c |
|
36,000 |
|
|
|
|
Jan. 05 |
Output CGST |
|
900 |
|
|
|
|
Jan. 05 |
Output SGST |
|
900 |
Jai Singh & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (â¹) |
Date |
Particulars |
J.F. |
Amount (â¹) |
|
|
|
|
2018 |
|
|
|
|
|
|
|
Jan. 16 |
Sales Return A/c |
|
10,000 |
|
|
|
|
Jan. 16 |
Output IGST |
|
500 |
Page No 13.61:
Question 9:
Enter the following transactions in proper Subsidiary Books and post them into Ledger :−
2017
|
|
March 2 |
Purchased from Navrang Traders for â¹ 8,300 |
3 |
Sold goods to Rohan for â¹ 3,200 |
5 |
Bought of Ruchi Traders for â¹ 12,100 |
8 |
Rohan returns the goods for â¹ 600 |
10 |
Purchased goods from Jaipur Stores of the list price of â¹ 15,400 less 5% Trade Discount |
12 |
Sold goods to Arun Traders for â¹ 18,000 less 15% Trade Discount |
12 |
Bought of Amit Traders for â¹ 10,000 |
16 |
Purchased Machinery from Kirloskar Ltd. â¹ 20,000 |
18 |
Returned goods to Jaipur Stores for â¹ 800 less 5% Trade Discount. |
19 |
Arun Traders returned goods for â¹ 3,000, less 15% Trade Discount |
20 |
Sales to Kalpna & Co. for â¹ 14,700 |
22 |
Purchased goods from Navrang Traders â¹ 25,000 |
25 |
Returns outward to Navrang Traders for â¹ 1,200 |
26 |
Sales to Rupa Traders for â¹ 10,000 less 10% Trade Discount |
29 |
Returns inward from Kalpana & Co. for â¹ 2,000 |
Answer:
Purchases Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
Mar. 02 |
Navrang Traders |
|
|
8,300 |
Mar. 05 |
Ruchi Traders |
|
|
12,100 |
Mar. 10 |
Jaipur Stores |
|
15,400 |
|
|
Less: 5% Trade Discount |
|
770 |
14,630 |
Mar. 12 |
Amit Traders |
|
|
10,000 |
Mar. 22 |
Navrang Traders |
|
|
25,000 |
Mar. 31 |
Purchases A/c |
Dr. |
|
|
70,030 |
|
|
|
|
|
Sales Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
Mar. 03 |
Rohan |
|
|
3,200 |
Mar. 12 |
Arun Traders |
|
18,000 |
|
|
Less: 15% Trade Discount |
|
2,700 |
15,300 |
Mar. 20 |
Kalpana & Co. |
|
|
14,700 |
Mar. 26 |
Rupa Traders |
|
10,000 |
|
|
Less: 10% Trade Discount |
|
1,000 |
9,000 |
Mar. 31 |
Sales A/c |
Cr. |
|
|
42,200 |
|
|
|
|
|
Purchases Return Book |
Date |
Particulars |
Debit Note No. |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
|
Mar. 18 |
Jaipur Stores |
|
|
800 |
|
|
Less: 5% Trade Discount |
|
|
40 |
760 |
Mar. 25 |
Navrang Traders |
|
|
|
1,200 |
Mar. 31 |
Purchases Return A/c |
Cr. |
|
|
|
1,960 |
|
|
|
|
|
|
Sales Return Book |
Date |
Particulars |
Credit Note No. |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
|
Mar. 08 |
Rohan |
|
|
|
600 |
Mar. 19 |
Arun Traders |
|
|
3,000 |
|
|
Less: 15% Trade Discount |
|
|
450 |
2,550 |
Mar. 29 |
Kalpana & Co. |
|
|
|
2,000 |
Mar. 31 |
Sales Return A/c |
Dr. |
|
|
|
5,150 |
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
|
|
|
|
Mar. 31 |
Sundries as per Purchases Book |
|
70,030 |
|
|
|
|
|
|
|
|
|
|
|
|
Navrang Traders Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar. 25 |
Purchases Return A/c |
|
1,200 |
Mar. 02 |
Purchases A/c |
|
8,300 |
|
|
|
|
Mar. 22 |
Purchases A/c |
|
25,000 |
|
|
|
|
|
|
|
|
Ruchi Traders Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Mar. 05 |
Purchases A/c |
|
12,100 |
|
|
|
|
|
|
|
|
Amit Traders Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Mar. 12 |
Purchases A/c |
|
10,000 |
|
|
|
|
|
|
|
|
Jaipur Stores Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar. 18 |
Purchases Return A/c |
|
760 |
Mar. 10 |
Purchases A/c |
|
14,630 |
|
|
|
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Mar. 31 |
Sundries as per Sales Book |
|
42,200 |
|
|
|
|
|
|
|
|
Rohan’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar. 03 |
Sales A/c |
|
3,200 |
Mar. 08 |
Sales Return A/c |
|
600 |
|
|
|
|
|
|
|
|
Arun Traders Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar. 12 |
Sales A/c |
|
15,300 |
Mar. 19 |
Sales Return A/c |
|
2,550 |
|
|
|
|
|
|
|
|
Kalpana & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Mar. 20 |
Sales A/c |
|
14,700 |
Mar. 29 |
Sales Return A/c |
|
2,000 |
|
|
|
|
|
|
|
|
Rupa Traders Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
|
|
|
|
Mar. 26 |
Sales A/c |
|
9,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Mar. 31 |
Sundries as per Purchases Return Book |
|
1,960 |
|
|
|
|
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
|
|
|
|
Mar. 31 |
Sundries as per Sales Return Book |
|
5,150 |
|
|
|
|
|
|
|
|
|
|
|
|
Page No 13.62:
Question 10:
Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance:
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand â¹ 27,500; Bank Balance â¹ 40,000; Debtors : Ashok â¹ 18,000, Bahadur â¹ 25,000, Charu â¹ 30,000; Stock â¹ 1,60,000 and Furniture â¹ 40,000.
Liabilities : Creditors : Dinesh â¹ 20,000 and Ekta â¹ 15,000.
2017 |
|
|
April 1 |
|
Cash Sales â¹ 18,000. |
2 |
|
Deposited into Bank â¹ 20,000. |
3 |
|
Purchased from Dinesh : |
|
|
300 metres Cotton @ â¹ 60 per metre
|
|
|
200 metres Silk @ â¹ 100 per metre
|
5 |
|
Cheque issued to Dinesh for â¹ 25,000. |
6 |
|
Accepted a bill at one month for â¹ 15,000 drawn by Dinesh. |
8 |
|
Sold to Ashok : |
|
|
400 metres Cotton @ â¹ 80 per metre
|
|
|
250 metres Silk @ â¹ 140 per metre
|
10 |
|
Returned by Ashok 50 metres Silk. |
12 |
|
Received Cash â¹ 8,000 and a Cheque for â¹ 40,000 from Ashok. Cheque was immediately sent to Bank. |
13 |
|
Received a B/R from Bahadur for â¹ 20,000 at one month. |
15 |
|
Accepted a bill at two months drawn by Ekta for the amount due to her. |
16 |
|
Purchased a Computer for office use from Shiva Ltd. for â¹ 45,000 on Credit. |
18 |
|
Cash purchases â¹ 10,000. |
19 |
|
Received full payment from Charu by cheque, sent it to Bank. Discount allowed 2%. |
20 |
|
Issued a cheque to Dinesh in full payment of his account after deducting 1% discount. |
22 |
|
Settled the account of Shiva Ltd. by a cheque. |
24 |
|
Proprietor took away goods worth â¹ 5,000 and Cash â¹ 6,000. |
25 |
|
Purchased from Ganesh 200 metres Cotton @ â¹ 70 per metre subject to trade discount of 5%. |
27 |
|
Paid Rent â¹ 3,000 and Salaries â¹ 8,000. |
30 |
|
Interest allowed by bank â¹ 600. |
Answer:
Cash Book |
Dr. |
|
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
2017 |
|
|
|
|
2017 |
|
|
|
|
April 01 |
Balance b/d |
|
27,500 |
40,000 |
April 02 |
Bank A/c |
C |
20,000 |
– |
April 01 |
Sales A/c |
|
18,000 |
– |
April 05 |
Dinesh’s A/c |
|
– |
25,000 |
April 02 |
Cash A/c |
C |
– |
20,000 |
April 18 |
Purchases A/c |
|
10,000 |
– |
April 12 |
Ashok’s A/c |
|
8,000 |
40,000 |
April 20 |
Dinesh’s A/c |
|
– |
17,820 |
April 19 |
Charu’s A/c |
|
– |
29,400 |
April 22 |
Shiva Ltd. |
|
– |
45,000 |
April 30 |
Interest A/c |
|
– |
600 |
April 24 |
Drawings A/c |
|
6,000 |
– |
|
|
|
|
|
April 27 |
Rent A/c |
|
3,000 |
– |
|
|
|
|
|
April 27 |
Salaries A/c |
|
8,000 |
– |
|
|
|
|
|
April 30 |
Balance c/d |
|
6,500 |
42,180 |
|
|
|
53,500 |
1,30,000 |
|
|
|
53,500 |
1,30,000 |
May 01 |
Balance b/d |
|
6,500 |
42,180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
April 03 |
Dinesh |
|
|
|
|
300 metres Cotton @Rs 60 per metre |
|
18,000 |
|
|
200 metres Silk @Rs 100 per metre |
|
20,000 |
38,000 |
April 25 |
Ganesh |
|
|
|
|
200 metres Cotton @Rs 70 per metre |
|
14,000 |
|
|
Less: 5% Trade Discount |
|
700 |
13,300 |
April 30 |
Purchases A/c |
Dr. |
|
|
51,300 |
|
|
|
|
|
Sales Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
April 08 |
Ashok |
|
|
|
|
400 metres Cotton @Rs 80 per metre |
|
32,000 |
|
|
250 metres Silk @Rs 140 per metre |
|
35,000 |
67,000 |
April 30 |
Sales A/c |
Cr. |
|
|
67,000 |
|
|
|
|
|
Sales Return Book |
Date |
Particulars |
Credit Note No. |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
|
April 10 |
Ashok |
|
|
|
|
|
50 metres Silk @Rs 140 per metre |
|
|
7,000 |
7,000 |
April 30 |
Sales Return A/c |
Dr. |
|
|
|
7,000 |
|
|
|
|
|
|
Journal |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
2017 |
|
|
|
|
|
April 01 |
Cash in hand A/c |
Dr. |
|
27,500 |
|
|
Bank A/c |
Dr. |
|
40,000 |
|
|
Stock A/c |
Dr. |
|
1,60,000 |
|
|
Ashok’s A/c |
Dr. |
|
18,000 |
|
|
Bahadur’s A/c |
Dr. |
|
25,000 |
|
|
Charu’s A/c |
Dr. |
|
30,000 |
|
|
Furniture |
Dr. |
|
40,000 |
|
|
To Dinesh’s A/c |
|
|
|
20,000 |
|
To Ekta’s A/c |
|
|
|
15,000 |
|
To Capital A/c (Balancing Figure) |
|
|
|
3,05,500 |
|
(Balances of previous year brought forward) |
|
|
|
|
|
|
|
|
|
|
April 06 |
Dinesh’s A/c |
Dr. |
|
15,000 |
|
|
To Bills Payable A/c |
|
|
|
15,000 |
|
(Acceptance given for bill drawn by Dinesh) |
|
|
|
|
|
|
|
|
|
|
April 13 |
Bills Receivable A/c |
Dr. |
|
20,000 |
|
|
To Bahadur’s A/c |
|
|
|
20,000 |
|
(Bills receivable received from one of our debtor, Bahadur) |
|
|
|
|
|
|
|
|
|
|
April 15 |
Ekta’s A/c |
Dr. |
|
15,000 |
|
|
To Bills Payable A/c |
|
|
|
15,000 |
|
(Acceptance given for bill drawn by Ekta) |
|
|
|
|
|
|
|
|
|
|
April 16 |
Computer A/c |
Dr. |
|
45,000 |
|
|
To Shiva Ltd. |
|
|
|
45,000 |
|
(Computer purchased on credit) |
|
|
|
|
|
|
|
|
|
|
April 19 |
Discount Allowed A/c |
Dr. |
|
600 |
|
|
To Charu |
|
|
|
600 |
|
(Discount of 2% allowed to Charu) |
|
|
|
|
|
|
|
|
|
|
April 20 |
Dinesh |
Dr. |
|
180 |
|
|
To Discount Received A/c |
|
|
|
180 |
|
(Discount of 1% received from Dinesh) |
|
|
|
|
|
|
|
|
|
|
April 24 |
Drawings A/c |
Dr. |
|
5,000 |
|
|
To Purchases A/c |
|
|
|
5,000 |
|
(Goods withdrawn by proprietor) |
|
|
|
|
|
TOTAL |
|
4,41,280 |
4,41,280 |
|
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
85,000 |
April 01 |
Cash A/c |
|
18,000 |
|
|
|
|
April 30 |
Sundries as per Sales Book |
|
67,000 |
|
|
|
85,000 |
|
|
|
85,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
85,000 |
Ashok’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 01 |
Balance b/d |
|
18,000 |
April 12 |
Cash A/c |
|
8,000 |
April 08 |
Sales A/c |
|
67,000 |
April 12 |
Bank A/c |
|
40,000 |
|
|
|
|
April 10 |
Sales Return A/c |
|
7,000 |
|
|
|
|
April 30 |
Balance c/d |
|
30,000 |
|
|
|
85,000 |
|
|
|
85,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
30,000 |
|
|
|
|
Charu’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 01 |
Balance b/d |
|
30,000 |
April 19 |
Bank A/c |
|
29,400 |
|
|
|
|
April 19 |
Discount Allowed A/c |
|
600 |
|
|
|
30,000 |
|
|
|
30,000 |
|
|
|
|
|
|
|
|
Interest Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
600 |
April 30 |
Bank A/c |
|
600 |
|
|
|
600 |
|
|
|
600 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
600 |
Dinesh’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 05 |
Bank A/c |
|
25,000 |
April 01 |
Balance b/d |
|
20,000 |
April 06 |
Bills Payable A/c |
|
15,000 |
April 03 |
Purchases A/c |
|
38,000 |
April 20 |
Bank A/c |
|
17,820 |
|
|
|
|
April 20 |
Discount Received A/c |
|
180 |
|
|
|
|
|
|
|
58,000 |
|
|
|
58,000 |
|
|
|
|
|
|
|
|
Shiva Ltd. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 22 |
Bank A/c |
|
45,000 |
April 16 |
Computer A/c |
|
45,000 |
|
|
|
45,000 |
|
|
|
45,000 |
|
|
|
|
|
|
|
|
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 18 |
Cash A/c |
|
10,000 |
April 24 |
Drawings A/c |
|
5,000 |
April 30 |
Sundries as per Purchases Book |
|
51,300 |
April 30 |
Balance c/d |
|
56,300 |
|
|
|
61,300 |
|
|
|
61,300 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
56,300 |
|
|
|
|
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 24 |
Cash A/c |
|
6,000 |
April 30 |
Balance c/d |
|
11,000 |
April 24 |
Purchases A/c |
|
5,000 |
|
|
|
|
|
|
|
11,000 |
|
|
|
11,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
11,000 |
|
|
|
|
Rent Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 27 |
Cash A/c |
|
3,000 |
April 30 |
Balance c/d |
|
3,000 |
|
|
|
3,000 |
|
|
|
3,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
3,000 |
|
|
|
|
Ganesh’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
13,300 |
April 25 |
Purchases A/c |
|
13,300 |
|
|
|
13,300 |
|
|
|
13,300 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
13,300 |
Bahadur’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 01 |
Balance b/d |
|
25,000 |
April 13 |
Bills Receivable A/c |
|
20,000 |
|
|
|
|
April 30 |
Balance c/d |
|
5,000 |
|
|
|
25,000 |
|
|
|
25,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
5,000 |
|
|
|
|
Salaries Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 27 |
Cash A/c |
|
8,000 |
April 30 |
Balance c/d |
|
8,000 |
|
|
|
8,000 |
|
|
|
8,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
8,000 |
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Sundries as per Sales Return Book |
|
7,000 |
April 30 |
Balance c/d |
|
7,000 |
|
|
|
7,000 |
|
|
|
7,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
7,000 |
|
|
|
|
Stock Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 01 |
Balance b/d |
|
1,60,000 |
April 30 |
Balance c/d |
|
1,60,000 |
|
|
|
1,60,000 |
|
|
|
1,60,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
1,60,000 |
|
|
|
|
Furniture Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 01 |
Balance b/d |
|
40,000 |
April 30 |
Balance c/d |
|
40,000 |
|
|
|
40,000 |
|
|
|
40,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
40,000 |
|
|
|
|
Ekta’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 15 |
Bills Payable A/c |
|
15,000 |
April 30 |
Balance b/d |
|
15,000 |
|
|
|
15,000 |
|
|
|
15,000 |
|
|
|
|
|
|
|
|
Bills Payable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
30,000 |
April 06 |
Dinesh’s A/c |
|
15,000 |
|
|
|
|
April 15 |
Ekta’s A/c |
|
15,000 |
|
|
|
30,000 |
|
|
|
30,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
30,000 |
Computer Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 16 |
Shiva Ltd. |
|
45,000 |
April 30 |
Balance c/d |
|
45,000 |
|
|
|
45,000 |
|
|
|
45,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
45,000 |
|
|
|
|
Discount Allowed Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 19 |
Charu’s A/c |
|
600 |
April 30 |
Balance c/d |
|
600 |
|
|
|
600 |
|
|
|
600 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
600 |
|
|
|
|
Bills Receivable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 13 |
Bhadur’s A/c |
|
20,000 |
April 30 |
Balance c/d |
|
20,000 |
|
|
|
20,000 |
|
|
|
20,000 |
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
20,000 |
|
|
|
|
Capital Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
3,05,500 |
April 01 |
Balance b/d |
|
3,05,500 |
|
|
|
3,05,500 |
|
|
|
3,05,500 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
3,05,000 |
Discount Received Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
April 30 |
Balance c/d |
|
180 |
April 20 |
Dinesh’s A/c |
|
180 |
|
|
|
180 |
|
|
|
180 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
May 01 |
Balance b/d |
|
180 |
Trial Balance as on April 30, 2017 |
Name of Accounts |
L.F |
Debit
Balances Amount (Rs) |
Credit Balances Amount (Rs) |
Cash A/c |
|
6,500 |
– |
Bank A/c |
|
42,180 |
– |
Sales A/c |
|
– |
85,000 |
Ashok’s A/c |
|
30,000 |
– |
Interest A/c |
|
– |
600 |
Purchases A/c |
|
56,300 |
– |
Drawings A/c |
|
11,000 |
– |
Rent A/c |
|
3,000 |
– |
Salaries A/c |
|
8,000 |
– |
Ganesh’s A/c |
|
– |
13,300 |
Sales Return A/c |
|
7,000 |
– |
Bahadur’s A/c |
|
5,000 |
– |
Stock A/c |
|
1,60,000 |
– |
Furniture A/c |
|
40,000 |
– |
Bills Receivable A/c |
|
20,000 |
– |
Bills Payable A/c |
|
– |
30,000 |
Computer A/c |
|
45,000 |
– |
Capital A/c |
|
– |
3,05,500 |
Discount Allowed |
|
600 |
– |
Discount Received |
|
– |
180 |
TOTAL |
|
4,34,580 |
4,34,580 |
|
|
|
|
Page No 13.63:
Question 11:
Record the following transactions of M/s Mahipal Bros. in Proper Subsidiary Books, post them into the Ledger and take out a Trial Balance:
2017 |
|
|
Jan. 1 |
|
Commenced business with Cash â¹ 2,00,000. |
2 |
|
Deposited into U.T.I Bank â¹ 1,75,000. |
4 |
|
Purchased goods from Dilip for â¹ 40,000. Trade Discount 20%. |
6 |
|
Gave a cheque to Dilip for â¹ 16,800 and discount allowed by him â¹ 200. |
8 |
|
Goods bought from Nilesh for Cash â¹ 14,000. |
10 |
|
Accepted a bill at 2 months for â¹ 15,000 drawn by Dilip. |
11 |
|
Bought goods from Suresh â¹ 75,000. |
13 |
|
Paid to Suresh a Cheque for â¹ 58,800 after receiving discount of 2%. |
15 |
|
Cash sales made to Jyoti Parshad â¹ 8,000. |
16 |
|
Sold goods to Mohinder for â¹ 20,000. |
17 |
|
Goods returned by Mohinder for â¹ 1,500. |
18 |
|
Received from Mohinder â¹ 7,900 after allowing a discount of 1.25%. |
20 |
|
Goods sold to Banerjee â¹ 50,000. |
21 |
|
Deposited into Bank â¹ 20,000. |
25 |
|
Goods taken for personal use â¹ 2,000. |
25 |
|
Purchased furniture â¹ 40,000 and Typewriter â¹ 10,000 for office use. |
|
|
Payment for both the items is made by Cheque. |
25 |
|
Sold goods to Anubhav â¹ 30,000. |
27 |
|
Goods returned by Anubhav â¹ 5,000. |
27 |
|
Received full payment from Banerjee by Cheque, sent it to Bank, Discount allowed 2%. |
28 |
|
Acceptance received from Anubhav at 30 days for the amount due from him. |
28 |
|
Paid for stationery â¹ 400 and for Postage â¹ 200. |
31 |
|
Rent of proprietor's house paid by Cheque â¹ 2,500. |
Answer:
Cash Book |
Dr. |
|
Cr. |
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
Discount (Rs) |
Date |
Particulars |
L.F. |
Cash (Rs) |
Bank (Rs) |
Discount (Rs) |
2017 |
|
|
|
|
|
2017 |
|
|
|
|
|
Jan. 01 |
Capital A/c |
|
2,00,000 |
– |
– |
Jan. 02 |
Bank A/c |
C |
1,75,000 |
– |
– |
Jan. 02 |
Cash A/c |
C |
– |
1,75,000 |
– |
Jan. 06 |
Dilip’s A/c |
|
– |
16,800 |
200 |
Jan. 15 |
Sales A/c |
|
8,000 |
– |
– |
Jan. 08 |
Purchases A/c |
|
14,000 |
– |
– |
Jan. 18 |
Mohinder’s A/c |
|
7,900 |
– |
100** |
Jan. 13 |
Suresh’s A/c |
|
– |
58,800 |
1,200* |
Jan. 21 |
Cash A/c |
C |
– |
20,000 |
– |
Jan. 21 |
Bank A/c |
C |
20,000 |
– |
– |
Jan. 27 |
Banerjee’s A/c |
|
– |
49,000 |
1,000 |
Jan. 25 |
Furniture A/c |
|
– |
40,000 |
– |
|
|
|
|
|
|
Jan. 25 |
Typewriter A/c |
|
– |
10,000 |
– |
|
|
|
|
|
|
Jan. 28 |
Stationery A/c |
|
400 |
– |
– |
|
|
|
|
|
|
Jan. 28 |
Postage A/c |
|
200 |
– |
– |
|
|
|
|
|
|
Jan. 31 |
Drawings A/c |
|
– |
2,500 |
– |
|
|
|
|
|
|
Jan. 31 |
Balance c/d |
|
6,300 |
1,15,900 |
– |
|
|
|
2,15,900 |
2,44,000 |
1,100 |
|
|
|
2,15,900 |
2,44,000 |
1,400 |
Feb. 01 |
Balance b/d |
|
6,300 |
1,15,900 |
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
Jan. 04 |
Dilip |
|
40,000 |
|
|
Less: 20% Trade Discount |
|
8,000 |
32,000 |
Jan. 11 |
Suresh |
|
|
75,000 |
Jan. 31 |
Purchases A/c |
Dr. |
|
|
1,07,000 |
|
|
|
|
|
Sales Book |
Date |
Particulars |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
Jan. 16 |
Mohinder |
|
|
20,000 |
Jan. 20 |
Banerjee |
|
|
50,000 |
Jan. 25 |
Anubhav |
|
|
30,000 |
Jan. 31 |
Sales A/c |
Cr. |
|
|
1,00,000 |
|
|
|
|
|
Sales Return Book |
Date |
Particulars |
Credit Note No. |
L.F. |
Details (Rs) |
Amount (Rs) |
2017 |
|
|
|
|
|
Jan. 17 |
Mohinder |
|
|
|
1,500 |
Jan. 27 |
Anubhav |
|
|
|
5,000 |
Jan. 31 |
Sales Return A/c |
Dr. |
|
|
|
6,500 |
|
|
|
|
|
|
Journal |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
2017 |
|
|
|
|
|
Jan. 06 |
Dilip |
Dr. |
|
200 |
|
|
To Discount Received A/c |
|
|
|
200 |
|
(Discount of Rs 200 received from Dilip) |
|
|
|
|
|
|
|
|
|
|
Jan. 10 |
Dilip’s A/c |
Dr. |
|
15,000 |
|
|
To Bills Payable A/c |
|
|
|
15,000 |
|
(Acceptance given to the bill drawn by Dilip) |
|
|
|
|
|
|
|
|
|
|
Jan. 13 |
Suresh |
Dr. |
|
1,200* |
|
|
To Discount Received A/c |
|
|
|
1,200* |
|
(Discount of 2% received from Suresh) |
|
|
|
|
|
|
|
|
|
|
Jan. 18 |
Discount Allowed A/c |
Dr. |
|
100** |
|
|
To Mohinder |
|
|
|
100** |
|
(Discount of 1.25% allowed to Mohinder) |
|
|
|
|
|
|
|
|
|
|
Jan. 25 |
Drawings A/c |
Dr. |
|
2,000 |
|
|
To Purchases A/c |
|
|
|
2,000 |
|
(Goods taken for personal use) |
|
|
|
|
|
|
|
|
|
|
Jan. 27 |
Discount Allowed A/c |
Dr. |
|
1,000 |
|
|
To Banerjee |
|
|
|
1,000 |
|
(Discount of 2% allowed to Banerjee) |
|
|
|
|
|
|
|
|
|
|
Jan. 28 |
Bills Receivable A/c |
Dr. |
|
25,000 |
|
|
To Anubhav’s A/c |
|
|
|
25,000 |
|
(Acceptance received from Anubahv) |
|
|
|
|
|
TOTAL |
|
44,500 |
44,500 |
|
|
|
|
|
![](/img/site_content/ask-answer/loader.gif)
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
1,08,000 |
Jan. 15 |
Cash A/c |
|
8,000 |
|
|
|
|
Jan. 31 |
Sundries as per Sales Book |
|
1,00,000 |
|
|
|
1,08,000 |
|
|
|
1,08,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,08,000 |
Capital Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
2,00,000 |
Jan. 01 |
Cash A/c |
|
2,00,000 |
|
|
|
2,00,000 |
|
|
|
2,00,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
2,00,000 |
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 08 |
Cash A/c |
|
14,000 |
Jan. 25 |
Drawings A/c |
|
2,000 |
Jan. 31 |
Sundries as per Purchases Book |
|
1,07,000 |
Jan. 31 |
Balance c/d |
|
1,19,000 |
|
|
|
1,21,000 |
|
|
|
1,21,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,19,000 |
|
|
|
|
Mohinder’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 16 |
Sales A/c |
|
20,000 |
Jan. 18 |
Cash A/c |
|
7,900 |
|
|
|
|
Jan. 18 |
Discount Allowed A/c |
|
100 |
|
|
|
|
Jan. 17 |
Sales Return A/c |
|
1,500 |
|
|
|
|
Jan. 31 |
Balance c/d |
|
10,500 |
|
|
|
20,000 |
|
|
|
20,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
10,500 |
|
|
|
|
Banerjee’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 20 |
Sales A/c |
|
50,000 |
Jan. 27 |
Bank A/c |
|
49,000 |
|
|
|
|
Jan. 27 |
Discount Allowed A/c |
|
1,000 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
|
|
|
|
|
|
Dilip’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 06 |
Bank A/c |
|
16,800 |
Jan. 04 |
Purchases A/c |
|
32,000 |
Jan. 06 |
Discount Received A/c |
|
200 |
|
|
|
|
Jan. 10 |
Bills Payable A/c |
|
15,000 |
|
|
|
|
|
|
|
32,000 |
|
|
|
32,000 |
|
|
|
|
|
|
|
|
Suresh’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 13 |
Bank A/c |
|
58,800 |
Jan. 11 |
Purchases A/c |
|
75,000 |
Jan. 13 |
Discount Received A/c |
|
1,200 |
|
|
|
|
Jan. 31 |
Balance c/d |
|
15,000 |
|
|
|
|
|
|
|
75,000 |
|
|
|
75,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
15,000 |
Furniture Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 25 |
Bank A/c |
|
40,000 |
Jan. 31 |
Balance c/d |
|
40,000 |
|
|
|
40,000 |
|
|
|
40,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
40,000 |
|
|
|
|
Stationery Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 28 |
Cash A/c |
|
400 |
Jan. 31 |
Balance c/d |
|
400 |
|
|
|
400 |
|
|
|
400 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
400 |
|
|
|
|
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 25 |
Purchases A/c |
|
2,000 |
Jan. 31 |
Balance c/d |
|
4,500 |
Jan. 31 |
Bank A/c |
|
2,500 |
|
|
|
|
|
|
|
4,500 |
|
|
|
4,500 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
4,500 |
|
|
|
|
Typewriter Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 25 |
Bank A/c |
|
10,000 |
Jan. 31 |
Balance c/d |
|
10,000 |
|
|
|
10,000 |
|
|
|
10,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
10,000 |
|
|
|
|
Postage Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 28 |
Cash A/c |
|
200 |
Jan. 31 |
Balance c/d |
|
200 |
|
|
|
200 |
|
|
|
200 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
200 |
|
|
|
|
Anubhav’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 25 |
Sales A/c |
|
30,000 |
Jan. 27 |
Sales Return A/c |
|
5,000 |
|
|
|
|
Jan. 28 |
Bills Receivable A/c |
|
25,000 |
|
|
|
30,000 |
|
|
|
30,000 |
|
|
|
|
|
|
|
|
Bills Payable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
15,000 |
Jan. 10 |
Dilip’s A/c |
|
15,000 |
|
|
|
15,000 |
|
|
|
15,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
15,000 |
Bills Receivable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 28 |
Anubhav’s A/c |
|
25,000 |
Jan. 31 |
Balance c/d |
|
25,000 |
|
|
|
25,000 |
|
|
|
25,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
25,000 |
|
|
|
|
Discount Allowed Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 18 |
Mohinder’s A/c |
|
100 |
Jan. 31 |
Balance c/d |
|
1,100 |
Jan. 27 |
Banerjee’s A/c |
|
1,000 |
|
|
|
|
|
|
|
1,100 |
|
|
|
1,100 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,100 |
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Sundries as per Sales Return Book |
|
6,500 |
Jan. 31 |
Balance c/d |
|
6,500 |
|
|
|
6,500 |
|
|
|
6,500 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
6,500 |
|
|
|
|
Discount Received Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
1,400 |
Jan. 06 |
Dilip’s A/c |
|
200 |
|
|
|
|
Jan. 13 |
Suresh’s A/c |
|
1,200 |
|
|
|
1,400 |
|
|
|
1,400 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,400 |
Trial Balance as on Jan. 31, 2017 |
Name of Accounts |
L.F. |
Debit
Balances Amount (Rs) |
Credit
Balances Amount (Rs) |
Cash A/c |
|
6,300 |
– |
Bank A/c |
|
1,15,900 |
– |
Capital A/c |
|
– |
2,00,000 |
Sales A/c |
|
– |
1,08,000 |
Purchases A/c |
|
1,19,000 |
– |
Mohinder’s A/c |
|
10,500 |
– |
Suresh’s A/c |
|
– |
15,000 |
Furniture A/c |
|
40,000 |
– |
Typewriter A/c |
|
10,000 |
– |
Stationery A/c |
|
400 |
– |
Postage A/c |
|
200 |
– |
Drawings A/c |
|
4,500 |
– |
Bills Payable A/c |
|
– |
15,000 |
Bills Receivable A/c |
|
25,000 |
– |
Sales Return A/c |
|
6,500 |
– |
Discount Allowed A/c |
|
1,100 |
– |
Discount Received A/c |
|
– |
1,400 |
|
|
3,39,400 |
3,39,400 |
|
|
|
|
Page No 13.63:
Question 12:
Enter the following transactions in proper Subsidiary Books, post them into Ledger Accounts, balance the accounts and prepare a Trial Balance :
2017 |
|
|
Jan. 1 |
Assets : |
Cash in hand â¹ 20,000; Debtors : Sri Gopal â¹ 15,000, Poonam & Co. â¹ 30,000; Stock â¹ 1,75,000, Machinery â¹ 1,20,000; Furniture â¹ 40,000. |
|
Liabilities: |
Bank Overdraft â¹ 33,000; Creditors : Niranjan Lal â¹ 24,000, Bombay Trading Co. â¹ 16,000. |
Jan. 2 |
|
Purchased from Manohar Lal & Sons goods of the list price of â¹ 20,000 at 10% trade discount. |
5 |
|
Returned to Manohar Lal & sons goods of the list price of â¹ 2,000. |
10 |
|
Issued a Cheque to Manohar Lal & Sons in full settlement of their account. |
12 |
|
Sold to Sri Gopal, goods worth â¹ 25,000. |
15 |
|
Received Cash â¹ 10,000 and a Cheque for â¹ 8,000 from Sir Gopal. The Cheque was immediately sent to bank. |
16 |
|
Withdrew for personal use : Cash â¹ 5,000 and goods â¹ 3,000. |
17 |
|
Accepted a bill for 45 days drawn by Niranjan Lal for the amount due to him. |
18 |
|
Acceptance received from Poonam & Co. for the amount due from them payable after 30 days. |
19 |
|
Sold to Raghubir Brothers, goods valued â¹ 16,000. |
20 |
|
Cash purchases â¹ 15,000. |
22 |
|
Withdrew from bank fo office use â¹ 10,000. |
23 |
|
Purchased from Bombay Trading Co., goods valued â¹ 24,000. |
24 |
|
Sri Gopal returned goods worth â¹ 2,000. |
25 |
|
Received from Raghubir Brothers â¹ 10,000. |
27 |
|
Accepted a bill for â¹ 25,000 for 1 month drawn by Bombay Trading Co. |
27 |
|
Paid Rent by Cheque â¹ 2,800. |
|
|
Received Commission in Cash â¹ 800. |
31 |
|
Paid salaries â¹ 5,000. |
Answer:
Journal |
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
2017 |
|
|
|
|
|
Jan. 01 |
Cash in Hand A/c |
Dr. |
|
20,000 |
|
|
Sri Gopal’s A/c |
Dr. |
|
15,000 |
|
|
Stock A/c |
Dr. |
|
1,75,000 |
|
|
Poonam & Co. |
Dr. |
|
30,000 |
|
|
Machinery A/c |
Dr. |
|
1,20,000 |
|
|
Furniture A/c |
Dr. |
|
40,000 |
|
|
To Bank Overdraft A/c |
|
|
|
33,000 |
|
To Niranjan Lal’s A/c |
|
|
|
24,000 |
|
To Bombay Trading Co. |
|
|
|
16,000 |
|
To Capital A/c (Balancing Figure) |
|
|
|
3,27,000 |
|
(Balances of previous year brought forward) |
|
|
|
|
|
|
|
|
|
|
Jan. 02 |
Purchases A/c |
Dr. |
|
18,000 |
|
|
To Manohar Lal & Sons |
|
|
|
18,000 |
|
(Goods purchased on credit) |
|
|
|
|
|
|
|
|
|
|
Jan. 05 |
Manohar Lal & Sons |
Dr. |
|
1,800 |
|
|
To Purchases Return A/c |
|
|
|
1,800 |
|
(Goods returned excluding trade discount @ 10%) |
|
|
|
|
|
|
|
|
|
Jan. 10 |
Manohar Lal & Sons |
Dr. |
|
16,200 |
|
|
To Bank A/c |
|
|
|
16,200 |
|
(Cheque issued to Manohar Lal & Sons in full settlement of their account) |
|
|
|
|
|
|
|
|
|
|
Jan. 12 |
Sri Gopal’s A/c |
Dr. |
|
25,000 |
|
|
To Sales A/c |
|
|
|
25,000 |
|
(Goods sold on credit to Sri Gopal) |
|
|
|
|
|
|
|
|
|
|
Jan. 15 |
Cash A/c |
Dr. |
|
10,000 |
|
|
Bank A/c |
Dr. |
|
8,000 |
|
|
To Sri Gopal’s A/c |
|
|
|
18,000 |
|
(Received cash & cheque from Sri Gopal) |
|
|
|
|
|
|
|
|
|
|
Jan. 16 |
Drawings A/c |
Dr. |
|
8,000 |
|
|
To Cash A/c |
|
|
|
5,000 |
|
To Purchases A/c |
|
|
|
3,000 |
|
(Withdrew cash and goods for personal use) |
|
|
|
|
|
|
|
|
|
|
Jan. 17 |
Niranjan Lal’s A/c |
Dr. |
|
24,000 |
|
|
To Bills Payable A/c |
|
|
|
24,000 |
|
(Acceptance given for the amount owed) |
|
|
|
|
|
|
|
|
|
|
Jan. 18 |
Bills Receivable A/c |
Dr. |
|
30,000 |
|
|
To Poonam & Co. |
|
|
|
30,000 |
|
(Acceptance received from debtor) |
|
|
|
|
|
|
|
|
|
|
Jan. 19 |
Raghubir Brothers |
Dr. |
|
16,000 |
|
|
To Sales A/c |
|
|
|
16,000 |
|
(Goods sold on credit) |
|
|
|
|
|
|
|
|
|
|
Jan. 20 |
Purchases A/c |
Dr. |
|
15,000 |
|
|
To Cash A/c |
|
|
|
15,000 |
|
(Goods purchased for cash) |
|
|
|
|
|
|
|
|
|
|
Jan. 22 |
Cash A/c |
Dr. |
|
10,000 |
|
|
To Bank A/c |
|
|
|
10,000 |
|
(Cash withdrawn from bank for office use) |
|
|
|
|
|
|
|
|
|
|
Jan. 23 |
Purchases A/c |
Dr. |
|
24,000 |
|
|
To Bombay Trading Co. |
|
|
|
24,000 |
|
(Goods purchased on credit) |
|
|
|
|
|
|
|
|
|
|
Jan. 24 |
Sales Return A/c |
Dr. |
|
2,000 |
|
|
To Sri Gopal’s A/c |
|
|
|
2,000 |
|
(Goods returned by Sri Gopal) |
|
|
|
|
|
|
|
|
|
|
Jan. 25 |
Cash A/c |
Dr. |
|
10,000 |
|
|
To Raghubir Brothers |
|
|
|
10,000 |
|
(Cash received from Raghubir) |
|
|
|
|
|
|
|
|
|
|
Jan. 27 |
Bombay Trading Co. |
Dr. |
|
25,000 |
|
|
To Bills Payable A/c |
|
|
|
25,000 |
|
(Acceptance given for the amount owed) |
|
|
|
|
|
|
|
|
|
|
Jan. 27 |
Rent A/c |
Dr. |
|
2,800 |
|
|
To Bank A/c |
|
|
|
2,800 |
|
(Rent paid) |
|
|
|
|
|
|
|
|
|
|
Jan. 27 |
Cash A/c |
Dr. |
|
800 |
|
|
To Commission A/c |
|
|
|
800 |
|
(Commission received) |
|
|
|
|
|
|
|
|
|
|
Jan. 31 |
Salaries A/c |
Dr. |
|
5,000 |
|
|
To Cash A/c |
|
|
|
5,000 |
|
(Salaries paid) |
|
|
|
|
|
TOTAL |
|
6,51,600 |
6,51,600 |
|
|
|
|
|
Cash Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
20,000 |
Jan. 16 |
Drawings A/c |
|
5,000 |
Jan. 15 |
Sri Gopal’s A/c |
|
10,000 |
Jan. 20 |
Purchases A/c |
|
15,000 |
Jan. 22 |
Bank A/c |
|
10,000 |
Jan. 31 |
Salaries A/c |
|
5,000 |
Jan. 25 |
Raghubir Brothers |
|
10,000 |
Jan. 31 |
Balance c/d |
|
25,800 |
Jan. 27 |
Commission A/c |
|
800 |
|
|
|
|
|
|
|
50,800 |
|
|
|
50,800 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
25,800 |
|
|
|
|
Sri Gopal’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
15,000 |
Jan. 15 |
Cash A/c |
|
10,000 |
Jan. 12 |
Sales A/c |
|
25,000 |
Jan. 15 |
Bank A/c |
|
8,000 |
|
|
|
|
Jan. 24 |
Sales Return A/c |
|
2,000 |
|
|
|
|
Jan. 31 |
Balance c/d |
|
20,000 |
|
|
|
40,000 |
|
|
|
40,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
20,000 |
|
|
|
|
Poonam & Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
30,000 |
Jan. 18 |
Bills Receivable A/c |
|
30,000 |
|
|
|
30,000 |
|
|
|
30,000 |
|
|
|
|
|
|
|
|
Stock Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
1,75,000 |
Jan. 31 |
Balance c/d |
|
1,75,000 |
|
|
|
1,75,000 |
|
|
|
1,75,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,75,000 |
|
|
|
|
Machinery Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
1,20,000 |
Jan. 31 |
Balance c/d |
|
1,20,000 |
|
|
|
1,20,000 |
|
|
|
1,20,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,20,000 |
|
|
|
|
Furniture Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 01 |
Balance b/d |
|
40,000 |
Jan. 31 |
Balance c/d |
|
40,000 |
|
|
|
40,000 |
|
|
|
40,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
40,000 |
|
|
|
|
Niranjan Lal’s Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 17 |
Bills Payable A/c |
|
24,000 |
Jan. 01 |
Balance b/d |
|
24,000 |
|
|
|
24,000 |
|
|
|
24,000 |
|
|
|
|
|
|
|
|
Capital Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
3,27,000 |
Jan. 01 |
Balance b/d |
|
3,27,000 |
|
|
|
3,27,000 |
|
|
|
3,27,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
3,27,000 |
Bombay Trading Co. Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 27 |
Bills Payable A/c |
|
25,000 |
Jan. 01 |
Balance b/d |
|
16,000 |
Jan. 31 |
Balance c/d |
|
15,000 |
Jan. 23 |
Purchases A/c |
|
24,000 |
|
|
|
40,000 |
|
|
|
40,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
15,000 |
Purchases Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 02 |
Manohar Lal & Sons |
|
18,000 |
Jan. 16 |
Drawings A/c |
|
3,000 |
Jan. 20 |
Cash A/c |
|
15,000 |
Jan. 31 |
Balance c/d |
|
54,000 |
Jan. 23 |
Bombay Trading Co. |
|
24,000 |
|
|
|
|
|
|
|
57,000 |
|
|
|
57,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
54,000 |
|
|
|
|
Sales Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
41,000 |
Jan. 12 |
Sri Gopal’s A/c |
|
25,000 |
|
|
|
|
Jan. 19 |
Raghubir Brothers |
|
16,000 |
|
|
|
41,000 |
|
|
|
41,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
41,000 |
Manohar Lal & Sons Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 05 |
Purchases Return A/c |
|
1,800 |
Jan. 02 |
Purchases A/c |
|
18,000 |
Jan. 10 |
Bank A/c |
|
16,200 |
|
|
|
|
|
|
|
18,000 |
|
|
|
18,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 15 |
Sri Gopal’s A/c |
|
8,000 |
Jan. 01 |
Balance b/d |
|
33,000 |
Jan. 31 |
Balance c/d |
|
54,000 |
Jan. 19 |
Manohar Lal & Sons |
|
16,200 |
|
|
|
|
Jan. 22 |
Cash A/c |
|
10,000 |
|
|
|
|
Jan. 27 |
Rent A/c |
|
2,800 |
|
|
|
62,000 |
|
|
|
62,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
54,000 |
Purchases Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
1,800 |
Jan. 05 |
Manohar Lal & Sons |
|
1,800 |
|
|
|
1,800 |
|
|
|
1,800 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
1,800 |
Drawings Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 16 |
Cash A/c |
|
5,000 |
Jan. 31 |
Balance c/d |
|
8,000 |
Jan. 16 |
Purchases A/c |
|
3,000 |
|
|
|
|
|
|
|
8,000 |
|
|
|
8,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
8,000 |
|
|
|
|
Bills Payable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
49,000 |
Jan. 17 |
Niranjan Lal’s A/c |
|
24,000 |
|
|
|
|
Jan. 27 |
Bombay Trading Co. |
|
25,000 |
|
|
|
49,000 |
|
|
|
49,000 |
|
|
|
|
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
49,000 |
Bills Receivable Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 18 |
Poonam & Co. |
|
30,000 |
Jan. 31 |
Balance c/d |
|
30,000 |
|
|
|
30,000 |
|
|
|
30,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
30,000 |
|
|
|
|
Raghubir Brothers Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 19 |
Sales A/c |
|
16,000 |
Jan. 25 |
Cash A/c |
|
10,000 |
|
|
|
|
Jan. 31 |
Balance c/d |
|
6,000 |
|
|
|
16,000 |
|
|
|
16,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
6,000 |
|
|
|
|
Sales Return Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 24 |
Sri Gopal’s A/c |
|
2,000 |
Jan. 31 |
Balance c/d |
|
2,000 |
|
|
|
2,000 |
|
|
|
2,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
2,000 |
|
|
|
|
Rent Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 27 |
Bank A/c |
|
2,800 |
Jan. 31 |
Balance c/d |
|
2,800 |
|
|
|
2,800 |
|
|
|
2,800 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
2,800 |
|
|
|
|
Commission Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Balance c/d |
|
800 |
Jan. 27 |
Cash A/c |
|
800 |
|
|
|
800 |
|
|
|
800 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
800 |
|
|
|
|
Salaries Account |
Dr. |
|
Cr. |
Date |
Particulars |
J.F. |
Amount (Rs) |
Date |
Particulars |
J.F. |
Amount (Rs) |
2017 |
|
|
|
2017 |
|
|
|
Jan. 31 |
Cash A/c |
|
5,000 |
Jan. 31 |
Balance c/d |
|
5,000 |
|
|
|
5,000 |
|
|
|
5,000 |
2017 |
|
|
|
|
|
|
|
Feb. 01 |
Balance b/d |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trial Balance
as on Jan. 31,2017
|
Name of Accounts |
L.F |
Debit
Balances Amount (Rs) |
Credit Balances Amount (Rs) |
Cash A/c |
|
25,800 |
– |
Sri Gopal |
|
20,000 |
– |
Stock A/c |
|
1,75,000 |
– |
Furniture A/c |
|
40,000 |
– |
Machinery A/c |
|
1,20,000 |
– |
Capital A/c |
|
– |
3,27,000 |
Bombay Trading Co. |
|
– |
15,000 |
Purchases A/c |
|
54,000 |
– |
Sales A/c |
|
– |
41,000 |
Bank A/c |
|
– |
54,000 |
Purchases Return A/c |
|
– |
1,800 |
Drawings A/c |
|
8,000 |
– |
Bills Payable A/c |
|
– |
49,000 |
Bills Receivable A/c |
|
30,000 |
– |
Raghubir Brothers |
|
6,000 |
– |
Sales Return A/c |
|
2,000 |
– |
Rent A/c |
|
2,800 |
– |
Commission A/c |
|
– |
800 |
Salaries A/c |
|
5,000 |
– |
|
|
4,88,600 |
4,88,600 |
|
|
|
|
Note: Answer of Journal proper as per solution (Rs 6,51,600) is different from answer provided by the book (Rs 4,82,000)
View NCERT Solutions for all chapters of Class 13