Double Entry Book Keeping Ts Grewal 2019 for Class 11 Commerce Accountancy Chapter 6 - Ledger

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Page No 9.25:

Question 1:

On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following transactions during the month of April:

2019		₹
April 3	Purchased goods from Rita, Delhi on credit for	20,000
April 4	Cash paid to Rita	10,000
April 6	Goods sold to Rohit, Chandigarh	25,000
April 8	Received cash from Rohit	20,000
April 12	Goods purchased from Rita	12,000
April 18	Cash paid to Rita	20,000
April 25	Goods sold to Rohit, Chandigarh	10,000
April 30	Received cash from Rohit	6,000

You are required to journalise the above transactions and show the respective Ledger accounts.

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Apr.01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Business started with cash)

Apr.03	Purchases A/c	Dr.		20,000
	To Rita				20,000
	(Goods purchased from Rita on credit)

Apr.04	Rita	Dr.		10,000
	To Cash A/c				10,000
	(Cash paid to Rita)

Apr.06	Rohit	Dr.		25,000
	To Sales A/c				25,000
	(Goods sold to Rohit on credit)

Apr.08	Cash A/c	Dr.		20,000
	To Rohit				20,000
	(Cash received from Rohit)

Apr.12	Purchases A/c	Dr.		12,000
	To Rita				12,000
	(Goods purchased from Rita on credit)

Apr.18	Rita	Dr.		20,000
	To Cash A/c				20,000
	(Cash paid to Rita)

Apr.25	Rohit	Dr.		10,000
	To Sales A/c				10,000
	(Goods Sold to Rohit)

Apr.30	Cash A/c	Dr.		6,000
	To Rohit				6,000
	(Cash received from Rohit)

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Capital A/c		50,000	Apr.04	Rita		10,000
Apr.08	Rohit		20,000	Apr.18	Rita		20,000
Apr.30	Rohit		6,000	Apr.30	Balance c/d		46,000


			76,000				76,000
May.01	Balance b/d		46,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		50,000	Apr.01	Cash A/c		50,000

			50,000				50,000
				May.01	Balance b/d		50,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.03	Rita		20,000	Apr.30	Balance c/d		32,000
Apr.12	Rita		12,000

			32,000				32,000
May.01	Balance b/d		32,000

Rita
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.04	Cash A/c		10,000	Apr.03	Purchases A/c		20,000
Apr.18	Cash A/c		20,000	Apr.12	Purchases A/c		12,000
Apr.30	Balance c/d		2,000

			32,000				32,000
				May.01	Balance b/d		2,000

Rohit
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.06	Sales A/c		25,000	Apr.08	Cash A/c		20,000
Apr.25	Sales A/c		10,000	Apr.30	Cash A/c		6,000
				Apr.30	Balance c/d		9,000

			35,000				35,000
May.01	Balance b/d		9,000

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.30	Balance c/d		35,000	Apr.06	Rohit		25,000
				Apr.25	Rohit		10,000

			35,000				35,000
				May.01	Balance b/d		35,000

Page No 9.25:

Question 2:

Suresh, Kanpur commenced business on 1st January, 2019 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows:


2019		₹
Jan 1	Started business with cash	1,00,000
Jan 2	Bought goods for cash	20,000
Jan 3	Sold goods for cash	7,000
Jan 15	Sold goods to Shravan, Delhi	6,000
Jan 18	Bought goods on credit from Anurag, Kanpur	50,000
Jan 19	Goods returned to Anurag	5,000
Jan 20	Sold goods for cash	30,000
Jan 22	Paid electricity bill	1,000
Jan 28	Paid for telephone bill	500
Jan 29	Paid rent	800
Jan 31	Paid wages	3000

Enter the above transactions in his books of account.

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
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)

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 (₹)	Date	Particulars	J.F.	Amount (₹)
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

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 01	Cash A/c		1,00,000	Jan 31	Balance c/d		1,00,000

			1,00,000				1,00,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Shravan Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 15	Sales A/c		6,000	Jan 31	Balance c/d		6,000

			6,000				6,000

Anurag Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 31	Balance c/d		5,000	Jan 19	Anurag A/c		5,000

			5,000				5,000

Electricity Expenses Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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 (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 28	Cash A/c		500	Jan 31	Balance c/d		500

			500				500

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 29	Cash A/c		800	Jan 31	Balance c/d		800

			800				800

Wages Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Jan 31	Cash A/c		3,000	Jan 31	Balance c/d		3,000

			3,000				3,000

Page No 9.26:

Question 3:

Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:

2019		₹
Jan. 1	Started business with cash	1,00,000
Jan. 3	Bought goods on credit from Gupta & Co., Delhi	20,000
Jan. 5	Cash sales	5,000
Jan. 8	Cash purchases	8,000
Jan. 10	Sold goods to Ahmed & Co., Lucknow	10,000
Jan. 11	Deposited cash in bank	50,000
Jan. 13	Purchased a computer for office	20,000
Jan. 15	Took a loan from Mehboob	70,000
Jan. 16	Goods returned by Ahmed & Co.	2,000
Jan. 17	Purchased furniture from Mehfil Mart, Kolkata	10,000
Jan. 18	Paid interest to Mehboob	2,000
Jan. 19	Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed.	1,000
Jan. 22	Paid rent by cheque	2,000
Jan. 24	Withdrew from bank	20,000
Jan. 25	Sales of goods at counter after allowing trade discount of 10%	10,000
Jan. 26	Goods purchased from Gupta & Co., Delhi were destroyed by accident	10,000
Jan. 27	Advertisement expenses paid through bank	5,000
Jan. 28	Ahmed & Co. settled their account by cheque	7,000
Jan. 29	Paid the due amount to Gupta & Co. by cheque after availing discount of ₹ 800
Jan. 31	Sold old newspapers	500

Answer:

Journal of Afjal, Kolkata
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Jan.01	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Business started with cash)

Jan.03	Purchases A/c	Dr.		20,000
	To Gupta & Co.				20,000
	(Goods purchased on credit)

Jan.05	Cash A/c	Dr.		5,000
	To Sales A/c				5,000
	(Goods sold for cash)

Jan.08	Purchases	Dr.		8,000
	To Cash A/c				8,000
	(Goods purchased for cash)

Jan.10	Ahmed & Co.	Dr.		10,000
	To Sales A/c				10,000
	(Goods sold on credit)

Jan.11	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash deposited into bank)

Jan.13	Computers A/c	Dr.		20,000
	To Cash A/c				20,000
	(Computers purchased)

Jan.15	Cash A/c	Dr.		70,000
	To Loan from Mehboob				70,000
	(Loan taken from Mehboob)

Jan.16	Sales Return A/c	Dr.		2,000
	To Ahmed & Co.				2,000
	(Goods returned by Ahmed & Co.)

Jan.17	Furniture A/c	Dr.		10,000
	To Mehfil Mart				10,000
	(Furniture purchased)

Jan.18	Interest on Mehboob Loan A/c	Dr.		2,000
	To Cash A/c				2,000
	(Interest on Loan paid)

Jan.19	Insurance Claim A/c	Dr.		1,000
	To Ahmed & Company				1,000
	(Insurance Claim due)

Jan.22	Rent A/c	Dr.		2,000
	To Bank A/c				2,000
	(Rent paid)

Jan.24	Cash A/c	Dr.		20,000
	To Bank A/c				20,000
	(Cash withdrawn from bank)

Jan.25	Cash A/c	Dr.		9,000
	To Sales A/c				9,000
	(Goods sold for cash)

Jan.26	Loss by Accident A/c	Dr.		10,000
	To Purchases A/c				10,000
	(Goods lost by accident)

Jan.27	Advertisement A/c	Dr.		5,000
	To Bank A/c				5,000
	(Advertisement expenses paid)

Jan.28	Bank A/c	Dr.		7,000
	To Ahmed & Company				7,000
	(Payment Received in full settlement)

Jan.29	Gupta & Company	Dr.		20,000
	To Bank A/c				19,200
	To Discount Received A/c				800
	(Payment made)

Jan.31	Cash A/c	Dr.		500
	To Sundry Income A/c				500
	(Sundry Income received)

**Ledger**
Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.01	Capital		1,00,000	Jan.08	Purchases		8,000
Jan.05	Sales		5,000	Jan.11	Bank		50,000
Jan.15	Loan from Mehboob		70,000	Jan.13	Computer		20,000
Jan.24	Bank		20,000	Jan.18	Interest on Mehboob Loan		2,000
Jan.25	Sales		9,000	Jan.31	Balance c/d		1,24,500
Jan.31	Sundry income		500

			2,04,500				2,04,500
Feb.01	Balance b/d		1,24,500

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.03	Gupta & Company		20,000	Jan.26	Loss by Accident		10,000
Jan.08	Cash		8,000	Jan.31	Balance c/d		18,000

			28,000				28,000
Feb.01	Balance b/d		18,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		1,00,000	Jan.01	Cash		1,00,000

			1,00,000				1,00,000
				Feb.01	Balance b/d		1,00,000

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		24,000	Jan.05	Cash		5,000
				Jan.10	Ahmed & Company		10,000
				Jan.25	Cash		9,000

			24,000				24,000
				Feb.01	Balance b/d		24,000

Gupta & Company
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.29	Bank		19,200	Jan.03	Purchases		20,000
Jan.29	Discount Received		800

			20,000				20,000

Ahmed & Company
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.10	Sales		10,000	Jan.16	Sales returns		2,000
				Jan.19	Insurance claim		1,000
				Jan.28	Bank		7,000


			10,000				10,000

Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.11	Cash		50,000	Jan.22	Rent		2,000
Jan.28	Ahmed & Company		7,000	Jan.24	Cash		20,000
				Jan.27	Advertisement		5,000
				Jan.29	Gupta & Company		19,200
				Jan.31	Balance c/d		10,800

			57,000				57,000
Feb.01	Balance b/d		10,800

Computers Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.13	Cash		20,000	Jan.31	Balance c/d		20,000

			20,000				20,000
Feb.01	Balance b/d		20,000

Loan from Mehboob
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		70,000	Jan.15	Cash		70,000

			70,000				70,000
				Feb.01	Balance b/d		70,000

Insurance Claim Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.19	Ahmed & Company		1,000	Jan.31	Balance c/d		1,000

			1,000				1,000
Feb.01	Balance b/d		1,000

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.22	Bank		2,000	Jan.31	Balance c/d		2,000

			2,000				2,000
Feb.01	Balance b/d		2,000

Loss by Accident Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.26	Purchases		10,000	Jan.31	Balance c/d		11,200

			10,000				10,000
Feb.01	Balance b/d		10,000

Advertisement Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.27	Bank		5,000	Jan.31	Balance c/d		5,000

			5,000				5,000
Feb.01	Balance b/d		5,000

Sales Returns Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.16	Ahmed & Company		2,000	Jan.31	Balance c/d		2,000

			2,000				2,000
Feb.01	Balance b/d		2,000

Furniture Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.17	Mehfil Mart		10,000	Jan.31	Balance c/d		10,000

			10,000				10,000
Feb.01	Balance b/d		10,000

Mehfil Mart
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		10,000	Jan.17	Furniture		10,000

			10,000				10,000
				Feb.01	Balance b/d		10,000

Interest on Mehboob Loan Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.18	Cash A/c		2,000	Jan.31	Balance c/d		2,000

			2,000				2,000
Feb.01	Balance b/d		2,000

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.28	Ahmed & Company		800	Jan.31	Balance c/d		800

			800				800
Feb.01	Balance b/d		800

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		2,000	Jan.29	Gupta & Company		2,000

			2,000				2,000
				Feb.01	Balance b/d		2,000

Sundry Incomes Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Jan.31	Balance c/d		500	Jan.31	Cash		500

			500				500
				Feb.01	Balance b/d		500

Page No 9.26:

Question 4:

Pass Journal entries of M/s Bhanu Traders, Delhi from the following transactions. Post them to the Ledger:


2019		₹
April 1	Commenced business with cash	1,50,000
April 2	Opened a bank account with PNB	50,000
April 3	Purchased furniture	20,000
April 7	Bought goods for cash from M/s. Rupa Traders, Delhi	30,000
April 8	Purchased goods from M/s. Hema Traders, Chandigarh	42,000
April 10	Cash sales	30,000
April 14	Sold goods on credit to M/s. Gupta Traders, Kolkata	12,000
April 16	Rent paid	4,000
April 18	Paid Electricity expenses	1,000
April 20	Received cash from Gupta Traders	12,000
April 22	Goods returned to Hema Traders	2,000
April 23	Cash paid to Hema Traders	40,000
April 25	Bought postage stamps	100
April 30	Paid salary to Mohan	4,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
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)

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.		2,000
	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 (₹)	Date	Particulars	J.F.	Amount (₹)
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

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 01	Cash A/c		1,50,000	Apr 30	Balance c/d		1,50,000

			1,50,000				1,50,000

Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 02	Cash A/c		50,000	Apr 30	Balance c/d		50,000

			50,000				50,000

Furniture Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 03	Cash A/c		20,000	Apr 30	Balance c/d		20,000

			20,000				20,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Hema Traders Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 22	Purchases Return A/c		2,000	Apr 08	Purchases		42,000
Apr 23	Cash A/c		40,000

			42,000				42,000

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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 (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 14	Sales A/c		12,000	Apr 20	Cash A/c		12,000

			12,000				12,000

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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 (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 18	Cash A/c		1,000	Apr 30	Balance c/d		1,000

			1,000				1,000

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30	Balance c/d		2,000	Apr 22	Hema Traders A/c		2,000

			2,000				2,000

Postage Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 25	Cash A/c		100	Apr 30	Balance c/d		100

			100				100

Salary Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30	Cash A/c		4,000	Apr 30	Balance c/d		4,000

			4,000				4,000

Page No 9.27:

Question 5:

Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and post them to the Ledger:

2019		₹
March 1	Started business with cash	2,00,000
March 2	Opened bank account with SBI	80,000
March 4	Goods purchased from Raj, Jaipur (Rajasthan)	22,000
March 5	Goods purchased for cash	30,000
March 8	Goods sold to Naman, Delhi	12,000
March 10	Cash paid to Raj	22,000
March 15	Cash received from Naman	11,700
	Discount allowed	300
March 16	Paid wages	200
March 18	Furniture purchased for office use	5,000
March 20	Withdrawn from bank for personal use	4,000
March 22	Issued cheque for rent	3,000
March 23	Goods taken for household purpose. These goods were purchased from Raj	2,000
March 24	Drawn cash from bank for office use	6,000
March 26	Commission received	1,000
March 27	Bank charges	300
March 28	Cheque issued for life insurance premium of Proprietor	3,000
March 29	Paid salary	10,000
March 30	Cash sales	20,000

Answer:

Books of M/s Gupta Brothers
Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Mar.01	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Started business with Cash)

Mar.02	Bank A/c	Dr.		80,000
	To Cash A/c				80,000
	(Opened Bank account with SBI)

Mar.04	Purchases A/c To Raj A/c	Dr.		24,000	24,000
	(Purchased goods on credit)

Mar.05	Purchases A/c To Cash A/c (Purchased goods in cash)	Dr.		30,000	30,000

Mar.08	Naman A/c	Dr.		12,000
	To Sales A/c (Sold good to on credit)				12,000

Mar.10	Raj	Dr.		22,000
	To Cash A/c				22,000
	(Cash Paid to Raj)

Mar.15	Cash A/c	Dr.		11,700
	Discount Allowed A/c	Dr.		300
	To Naman				12,000
	(Cash received from Naman and discount allowed)

Mar.16	Wages A/c	Dr.		200
	To Cash				200
	(Paid Wages)

Mar.18	Furniture A/c To Cash (Purchased furniture in cash)	Dr.		5,000	5,000

Mar.20	Drawings A/c	Dr.		4,000
	To Bank A/c				4,000
	(Withdrawn from bank for personal use)

Mar.22	Rent A/c To Bank A/c (Paid Rent through cheque)	Dr.		3,000	3,000

Mar.23	Drawings A/c	Dr.		2,000
	To Purchases A/c (Goods taken for personal use and IGST reversed)				2,000

Mar.24	Cash A/c	Dr.		6,000
	To Bank				6,000
	(Cash withdrawn from bank)

Mar.26	Cash A/c To Commission A/c	Dr.		1,000	1,000
	(Cash received for commission)

Mar.27	Bank Charges A/c To Bank A/c (Bank Charges debited)	Dr.		300	300

Mar.28	Drawings A/c	Dr.		3,000
	To Bank				3,000
	(Amount withdrawn to pay Insurance Premium of proprietor)

Mar.29	Salary A/c	Dr.		10,000
	To Cash A/c				10,000
	(Paid Salary)

Mar.30	Cash A/c	Dr.		20,000
	To Sales A/c (Sold goods for Cash)				20,000

Ledger
Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Mar.01	Capital		2,00,000	Mar.02	Bank		80,000
Mar.15 Mar.24 Mar.26 Mar.30	Naman Bank Commission Sales		11,700 6,000 1,000 20,000	Mar.05 Mar.10 Mar.16 Mar.18 Mar.29 Mar.31	Purchases Raj Wages Furniture Salary Balance c/d		30,000 22,000 200 5,000 10,000 91,500

			2,38,700				2,38,700

Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Mar.02	Cash		80,000	Mar.20 Mar.22	Drawings Rent		4,000 3,000
				Mar.24	Cash		6,000
				Mar.27 Mar.28	Bank Charges Drawings		300 3,000
				Mar.31	Balance C/d		63,700
			80,000				80,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Mar.31	Balance c/d		2,00,000	Mar.01	Cash		2,00,000
			2,00,000				2,00,000

Purchases Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.04	Raj		22,000	Mar.23	Drawings		2,000
Mar.05	Cash		30,000	Mar.31	Balance c/d		50,000
			52,000				52,000

Raj Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.10	Cash		22,000	Mar.04	Purchase		22,000
			22,000				22,000

Sales Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
				Mar.08	Naman		12,000
Mar.31	Balance c/d		32,000	Mar.30	Cash		20,000
			32,000				32,000

Naman
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.08	Sales		12,000	Mar.15 Mar.15	Cash Discount Allowed		11,700 300

			12,000				12,000

Discount Allowed Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.15	Naman		300	Mar.31	Balance c/d		300
			300				300

Wages Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.16	Cash		200	Mar.31	Balance c/d		200
			200				200

Furniture Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.18	Cash		5,000	Mar.31	Balance c/d		5,000
			5,000				5,000

Drawings Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.20	Bank		4,000
Mar.23 Mar.28	Purchases A/c Bank		2,000 3,000	Mar.31	Balance c/d		9,000
			9,000				9,000

Commission Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.31	Balance c/d		1,000	Mar.26	Cash		1,000
			1,000				1,000

Bank Charges Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.22	Bank A/c		300	Mar.31	Balance c/d		300
			300				300

Rent Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.22	Bank		3,000	Mar.22	Balance c/d		3,000
			3,000				3,000

Salary Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
Mar.29	Cash		10,000	Mar.31	Balance c/d		10,000
			10,000				10,000

Page No 9.27:

Question 6:

Following balances appeared in the books of Ashok, Delhi on 1st April, 2019:
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors − Ram ₹ 50,000; Machinery ₹ 60,000.
Liabilities: Creditor − Rajesh ₹ 30,000.
The following transactions took place in April, 2019:

2019		₹
April 4	Sold goods for cash	7,000
April 6	Goods returned by Ram, Delhi	1,000
April 10	Purchased goods from Rajesh, Jaipur (Rajasthan) of list price ₹ 10,000 for	9,000
April 15	Bought goods of list price of ₹ 15,000 from Rakesh, Kolkata less 10% trade
	discount and 5% cash discount and paid 40% of amount immediately
April 20	Paid to Rajesh in full settlement of his account*	38,600
April 25	Paid for the life insurance premium of the proprietor*	500
April 30	Received commission (Including CGST and SGST @ 6% each)	2,000

CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-state transactions. Transactions marked with (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance on 30th April, 2019.

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
April 01	Cash A/c	Dr.		50,000
	Stock A/c	Dr.		30,000
	Ram	Dr.		50,000
	Machinery A/c	Dr.		60,000
	To Rajesh				30,000
	To Capital A/c (Balancing Figure)				1,60,000
	(Balance Brought forward)

April 04	Cash A/c	Dr.		7,840
	To Sales A/c To Output CGST A/c To Output SGST A/c				7,000 420 420
	(Sold Goods for Cash plus CGST and SGST @ 6% each)

April 06	Sales Return A/c Output CGST A/c Output SGST A/c	Dr. Dr. Dr.		1,000 60 60
	To Ram				1,120
	(Goods returned and GST reversed)

April 10	Purchases A/c Input IGST A/c To Rajesh (Bought goods from Rajesh plus IGST @ 12%)	Dr. Dr.		9,000 1,080	10,080



April 15	Purchases A/c Input IGST A/c	Dr.		13,500 1,620
	To Rakesh				8,100
	To Cash (5,130+1,620)				6,750
	To Discount Received A/c (5% Net of GST)				270
	(Bought goods from Rakesh, 40% of price paid
	immediately and availed 5% cash discount on payment)

April 20	Rajesh A/c	Dr.		40,080
	To Cash A/c				38,600
	To Discount Received				1,480
	(Paid to Rajesh and discount received)

April 25	Drawings A/c	Dr.		500
	To Cash A/c				500
	(Paid Life Insurance Premium of Proprietor)

April 30	Cash A/c	Dr.		2,240
	To Commission A/c To Output CGST A/c To Output SGST A/c				2,000 120 120
	(Received Commission plus CGST and SGST @ 6% each)

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01 April 04	Balance b/d Sales		50,000 7,000	April 15 April 15	Purchases Input IGST		5,130 1,620
April 04 April 04 April 30	Output CGST Output SGST Commission		420 420 2,000	April 20 April 25 April 30	Rajesh Drawings Balance c/d		38,600 500 14,230
April 30 April 30	Output CGST Output SGST		120 120

			60,080				60,080

Capital Account
Dr.				Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		1,60,000	April 01	Balance b/d		1,60,000
			1,60,000				1,60,000

Rakesh
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		8,100	Apr.15	Purchases		8,100
			8,100				8,100

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		30,000	April 30	Balance c/d		30,000
			30,000				30,000

Ram
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 01	Balance b/d		50,000	April 06 April 06 April 06	Sales Return Output CGST A/c Output SGST A/c		1,000 60 60
				April 30	Balance c/d		48,880
			50,000				50,000

Machinery Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 01	Balance b/d		60,000	April 30	Balance c/d		60,000
			60,000				60,000

Rajesh Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 20	Cash		38,600	April 01	Balance b/d		30,000
April 20	Discount Received		1,480	April 10 April 10	Purchases Input IGST A/c		9,000 1,080
			40,080				40,080

Sales Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 06	Ram		1,000	April 30	Balance c/d		1,000
			1,000				1,000

Drawings Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 25	Cash		500	April 30	Balance c/d		500
			500				500

Commission Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		2,000	April 30	Cash		2,000
			2,000				2,000

Discount Received
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
				April 15	Purchases		270
April 30	Balance c/d		1,750	April 20	Rajesh		1,480
			1,750				1,750

Purchases Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 10	Rajesh		9,000	April 30	Balance c/d		22,500
April 15	Rakesh		8,100
April 15	Cash A/c		5,130
April 15	Discount Received A/c		270
			22,500				22,500

Sales Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 30	Balance c/d		7,000	April 04	Cash A/c		7,000
			7,000				7,000

Input IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.10	Rajesh		1,080	Apr.30	Balance c/d		3,348
Apr.15 Apr.15	Cash Cash		1,620 648

			3,348				3,348

Output CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.06 Apr.30	Ram Balance c/d		60 60	Apr.30	Cash		120

			120				120

Output SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.06 Apr.30	Ram Balance c/d		60 60	Apr.30	Cash		120

			120				120

Page No 9.27:

Question 7:

On 1st April, 2019, the following were Ledger balances of M/s. Ram & Co., Delhi:
Cash in Hand ₹ 300; Cash at Bank ₹ 7,000; Bills Payable ₹ 1,000; Zahir (Dr.) ₹ 800; Stock ₹ 4,000; Gobind (Cr.) ₹ 2,000; Sharma (Dr.) ₹ 1,500; Rahul (Cr.) ₹ 900; Capital ₹ 9,700.

Transactions during the month of April, 2019 were:


2019		₹
April 2	Bought goods from Gobind, Delhi	900
April 3	Sold goods to Sharma, Kanpur	1,000
April 5	Bought goods from Rahul, Delhi	1,200
April 8	Sold goods to Zahir, Kolkata	500
April 15	Paid Gobind by cheque on account*	1,500
April 18	Received from Sharma a cheque of	2,000
	Allowed him discount*	50
April 20	Sold goods to Sharma, Kanpur	800
April 20	Paid rent by cheque	200
April 25	Sold goods to Zahir, Kolkata	1,000
April 30	Paid salaries in cash*	300

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).

Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2019.

[Trial Balance Total

-

₹ 18,148]

Answer:

Cash in Hand Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 01	Balance b/d		300	Apr 30	Salaries		300

			300				300

Cash at Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Bills Payable Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30	Balance c/d		1,000	Apr 01	Balance b/d		1,000

			1,000				1,000

Zahir Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Sharma Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
	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

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 01	Balance b/d		9,700	Apr 30	Balance c/d		9,700

			9,700				9,700

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 02	Gobind A/c		900	Apr 30	Balance c/d		2,100
Apr 05	Rahul A/c		1,200

			2,100				2,100

Input CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Output IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 18	Sharma A/c		50	Apr 30	Balance c/d		50

			50				50

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 20	Bank A/c		200	Apr 30	Balance c/d		200

			200				200

Salary Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
Apr 30	Cash A/c		300	Apr 30	Balance c/d		300

			300				300

Trial Balance as on Apr 30, 2019
S.No.	List of Items	Debit Balances (₹)	Credit Balances (₹)
1	Bank	7,276
2	Bills Payable		1,000
3	Zahir	2,480
4	Stock	4,000
5	Gobind		1,508
6	Sharma	1,466
7	Rahul		2,244
8	Capital		9,700
9	Purchases	2,100
10	Input CGST A/c	138
11	Input SGST A/c	138
12	Sales		3,300
13	Output IGST A/c		396
14	Discount Allowed	50
15	Rent	200
16	Salary	300
	Total	18,148	18,148

Page No 9.28:

Question 8:

You are to open the books of Rajesh Prabhu, Gurugram (Haryana) a trader, through the Journal to record the assets and liabilities and then post the transactions to the Ledger for the month of April, 2019.

2019
April 1	Assets: Premises ₹ 2,00,000; Delivery Van ₹ 50,000; Fixtures ₹ 5,000; Stock ₹ 75,000; Debtors: Hariharan ₹ 30,000;
	Rajhans ₹ 50,000; Cash at Bank ₹ 45,000; Cash in Hand ₹ 30,000 Liabilities: Creditors: Jawahar ₹ 1,00,000; Vikas ₹ 45,000; Telephone Expenses Payable ₹ 4,000; Output CGST ₹ 240; Output SGST ₹ 240; Electricity Expenses Payable ₹ 4,520; Salaries Payable ₹ 7,000.
April 1	Paid rent by cheque ₹ 5,000
April 2	Goods purchased on credit from Prabhat, Delhi ₹ 15,000; Rajan, Delhi ₹ 8,000; Passi, Delhi ₹ 7,000
April 3	Goods sold on credit to Rakesh, Gurugram ₹ 17,000; Devender, Delhi ₹ 25,000; Paid Telephone Expenses payable by Cheque*
April 4	Paid the bill of petrol expenses for Delivery Van ₹ 5,700*
April 5	Cash drawings by Rajesh Prabhu ₹ 4,000*
April 7	Paid salaries for the month of March, 2019 ₹ 7,000*
April 9	Cash sales ₹ 5,000
April 11	Goods returned by Rakesh ₹ 5,000; Devender ₹ 1,000
April 12	Received cheques from debtors: Hariharan ₹ 20,000; Rajhans ₹ 40,000*
April 16	Goods returned to Prabhat ₹ 4,000; Rajan ₹ 1,000
April 20	Cheques issued to creditors: Jawahar ₹ 50,000; Vikas ₹ 10,000*
April 22	Received cheques from Hariharan ₹ 10,000; Rajhans ₹ 10,000; Rakesh ₹ 10,000; Devender ₹ 5,000;
	Cheques received from Rakesh and Devender are dated 25th May, 2019*.
April 24	Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.*
April 25	Received cash from Devender in full settlement ₹ 21,000*

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).

Answer:

In the books of Rajesh Prabhu
Journal

Date	Particulars		L.F.	Debit (₹)	Credit (₹)
2019 April 01	Premises A/c	Dr.		2,00,000
	Delivery Van A/c	Dr.		50,000
	Fixtures A/c	Dr.		5,000
	Stock A/c	Dr.		75,000
	Hariharan	Dr.		30,000
	Rajhans	Dr.		50,000
	Bank A/c	Dr.		45,000
	Cash A/c	Dr.		30,000
	To Jawahar				1,00,000
	To Vikas				45,000
	To Telephone Expenses Payable A/c To Output CGST A/c To Output SGST A/c				4,000 240 240
	To Electricity Expenses Payable A/c To Salaries Payable A/c				4,520 7,000
	To Capital A/c (Balancing Figure)				3,24,000
	(Balance forwarded from the 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
	(Rent paid by cheque plus 6% intra-state GST)

April 02	Purchases A/c Input IGST A/c	Dr. Dr.		30,000 3,600
	To Prabhat				16,800
	To Rajan				8,960
	To Passi				7,840
	(Goods purchased from Prabhat, Rajan and Passi @ 12% IGST)

April 03	Rakesh	Dr.		19,040
	Devender	Dr.		28,000
	To Sales A/c				42,000
	To Output CGST A/c				1,020
	To Output SGST A/c To Output IGST A/c				1,020 3,000
	(Sold goods to Rakesh of Gurum @ 6% CGST and SGST, Devender of Delhi @ 12% IGST)

April 03	Telephone Expenses Payable A/c	Dr.		4,000
	To Bank A/c				4,000
	(Outstanding paid by cheque)

April 04	Delivery Van Expenses A/c	Dr.		5,700
	To Cash A/c				5,700
	(Paid for petrol expenses of Delivery Van)

April 05	Drawings A/c	Dr.		4,000
	To Cash A/c				4,000
	(Cash drawn by proprietor for personal use)

April 07	Salaries Payable A/c	Dr.		7,000
	To Cash A/c				7,000
	(Outstanding paid by cheque)

April 09	Cash A/c	Dr.		5,600
	To Sales A/c To Output CGST A/c To Output SGST A/c				5,000 300 300
	(Goods Sold for Cash @ 6% CGST and SGST)

April 11	Sales Return A/c Output CGST A/c Output SGST A/c Output IGST A/c	Dr. Dr. Dr. Dr.		6,000 300 300 120
	To Rakesh				5,600
	To Devender				1,120
	(Goods returned by Rakesh of Gurugram and Dvender of Delhi; GST reversed)

April 12	Bank A/c	Dr.		60,000
	To Hariharan				20,000
	To Rajhans				40,000
	(Received Cheques from Hariharan and Rajhans)

April 16	Prabhat	Dr.		4,480
	Rajan	Dr.		1,120
	To Purchases Return A/c To Input IGST A/c				5,000 600
	(Goods returned to Prabhat and Rajan and GST reversed)

April 20	Jawahar	Dr.		50,000
	Vikas	Dr.		10,000
	To Bank A/c				60,000
	(Cheques issued to Jawahar and Vikas)

April 22	Bank A/c	Dr.		20,000
	To Hariharan				10,000
	To Rajhans				10,000
	(Cheques received from debtors)

April 22	Cheques-in-hand A/c	Dr.		15,000
	To Rakesh				10,000
	To Devender				5,000
	(Received post dated cheques from Rakesh and Devender dated 25th May, 2018)

April 24	Bank A/c	Dr.		14,873
	Discounting Charges A/c	Dr.		127
	To Cheques-in-hand A/c				15,000
	(Rakesh and Devender’s Cheque discounted with bank at interest of 10% p.a [15,000 × 10% × (31/365)])

April 25	Cash A/c	Dr.		21,000
	Discount Allowed A/c	Dr.		880
	To Devender				21,880
	(Cash Received from Devender and discount allowed)

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		30,000	April 04	Delivery Van Exp.		5,700
April 09	Sales		5,000	April 05	Drawings		4,000
April 09	Output CGST		300	April 07	Salaries Payable		7,000
April 09	Output SGST		300	April 30	Balance c/d		39,900
April 25	Devender		21,000
			56,600				56,600

Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		45,000	April 01	Rent		5,000
April 12	Hari Haran		20,000	April 01	Input CGST		300
April 12	Rajhans		40,000	April 01	Input SGST		300
April 22	Hari Haran		10,000	April 03	Telephone Expenses Payable		4,000
April 22	Rajhans		10,000	April 20	Jawahar		50,000
April 24	Cheques in Hand		14,873	April 20	Vikas		10,000
				April 30	Balance c/d		70,273

			1,39,873				1,39,873

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		3,24,000	April 01	Balance b/d		3,24,000
			3,24,000				3,24,000

Premises Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		2,00,000	April 30	Balance c/d		2,00,000
			2,00,000				2,00,000

Delivery Van Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		50,000	April 30	Balance c/d		50,000
			50,000				50,000

Fixtures Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		5,000	April 30	Balance c/d		5,000
			5,000				5,000

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		75,000	April 30	Balance c/d		75,000
			75,000				75,000

Hariharan
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		30,000	April 12	Bank		20,000
				April 22	Bank		10,000
			30,000				30,000

Rajhans
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Balance b/d		50,000	April 12	Bank		40,000
				April 22	Bank		10,000
			50,000				50,000

Jawahar
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 20	Bank		50,000	April 01	Balance b/d		1,00,000
April 30	Balance c/d		50,000
			1,00,000				1,00,000

Vikas
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 20	Bank		10,000	April 01	Balance b/d		45,000
April 30	Balance c/d		35,000
			45,000				45,000

Telephone Expense Payable Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 03	Bank A/c		4,000	April 01	Balance b/d		4,000
			4,000				4,000

Electricity Expenses Payable Account
Dr.								Cr.
Date	Particulars	L.F.	Amount (₹)	Date	Particulars	L.F.	Amount (₹)
2019				2019
April 30	Balance c/d		4,520	April 01	Balance b/d		4,520
			4,520				4,520

Salaries Payable Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 07	Cash		7,000	April 01	Balance b/d		7,000
			7,000				7,000

Output IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 11	Devender		120	April 03	Devender		3,000
April 30	Balance c/d		2,880
			3,000				3,000

Output CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 11	Rakesh		300	April 01	Balance b/d		240
April 30	Balance c/d		1,260	April 03	Rakesh		1,020
				April 09	Cash		300

			1,560				1,560

Output SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 11	Rakesh		300	April 01	Balance b/d		240
April 30	Balance b/d		1,260	April 03	Rakesh		1,020
				April 09	Cash		300
			1,560				1,560

Input IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 02 April 02 April 02	Prabhat Rajan Passi		1,800 960 840	April 16 April 16 April 30	Prabhat Rajan Balance c/d		480 120 3,000
			3,600				3,600

Cheques in hand Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 22	Rakesh		10,000	April 24	Bank		14,873
April 22	Devender		5,000	April 24	Discounting Charges		127
			15,000				15,000


Dr.	Prabhat								Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 16 April 16		Purchases Return Input IGST		4,000 480	April 02 April 02	Purchases Input IGST		15,000 1,800
April 30		Balance c/d		12,320
				16,800				16,800


Dr.	Rajan								Cr.
Date		Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019					2019
April 16 April 16		Purchases Return Input IGST		1,000 120	April 02 April 02	Purchases Input IGST		8,000 960
April 30		Balance c/d		7,840
				8,960				8,960

Passi
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		7,840	April 02	Purchases		7,000
				April 02	Input IGST		840
			7,840				7,840

Rakesh
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 03	Sales		17,000	April 11	Sales Return		5,000
April 03	Output CGST		1,020	April 11	Output CGST		300
April 03	Output SGST		1,020	April 11	Output SGST		300
				April 22	Cheques in hand		10,000
				April 30	Balance c/d		3,440
			19,040				19,040

Devender
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 03	Sales		25,000	April 11	Sales Return		1,000
April 03	Output IGST		3,000	April 11	Output IGST		120
				April 22	Cheques in hand		5,000
				April 25	Cash		21,000
				April 25	Discount Allowed		880
			28,000				28,000

Discounting Charges Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 24	Cheques in hand		127	April 30	Balance c/d		127
			127				127

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 25	Devender		880	April 30	Balance c/d		880
			880				880

Delivery Van Expenses Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 04	Cash A/c		5,700	April 30	Balance c/d		5,700
			5,700				5,700

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Bank		5,000	April 30	Balance c/d		5,000
			5,000				5,000

Input CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Bank		300	April 30	Balance c/d		300
			300				300

Input SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	Bank		300	April 30	Balance c/d		300
			300				300

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 02	Prabhat		15,000	April 30	Balance c/d		30,000
April 02	Rajan		8,000
April 02	Passi		7,000
			30,000				30,000

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		47,000	April 03	Rakesh		17,000
				April 03	Devender		25,000
				April 09	Cash		5,000
			47,000				47,000

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	Balance c/d		5,000	April 16	Prabhat		4,000
				April 16	Rajan		1,000
			5,000				5,000

Sales Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 11	Rakesh		5,000	April 30	Balance c/d		6,000
April 11	Devender		1,000
			6,000				6,000

Drawings Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 05	Cash		4,000	April 30	Balance c/d		4,000
			4,000				4,000

Trial Balance as on April,30,2019
S. No.	Particulars	DEBIT	CREDIT

1.	Cash A/c	39,900
2.	Bank A/c	70,273
3.	Stock A/c	75,000
4	Fixtures A/c	5,000
5.	Premises	2,000,000
6.	Delivery Van	50,000
7.	Jawahar		50,000
8.	Vikas		35,000
9.	Capital A/c		3,24,000
10.	Purchases A/c	30,000
11.	Electricity Expenses Payable A/c		4,520
12.	Sales A/c		47,000
13.	Delivery Van Expenses A/c	5,700
14.	Rent A/c	5,000
15.	Prabhat		12,320
16.	Rajan		7,840
17.	Passi		7,840
18.	Rakesh	3,440
19.	Discount Allowed A/c	880
20.	Discounting Charges	127
21.	Purchses Return A/c		5,000
22.	Sales Return A/c	6,000
23.	Drawings A/c	4,000
24..	Input IGST A/c	3,000
25.	Input CGST A/c	300
26.	Input SGST A/c	300
27.	Output IGST A/c		2,880
28.	Output CGST A/c		1,260
29.	Output SGST A/c		1,260
		4,98,920	4,98,920

Page No 9.29:

Question 9:

Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata, post to the Ledger:

2019		₹
April 1	Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000; Furniture ₹ 4,500; Input SGST ₹ 5,000; Input IGST ₹ 2,000 Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000 Liabilities Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500
April 4	Purchased goods from Pankaj, Kolkata	5,000
April 7	Paid to Ashok by cheque in full settlement of his account*	13,000
April 10	Sold goods to Poonam, Delhi	11,000
April 12	Purchased goods from Ashok, Delhi	15,000
April 15	Sold goods to Sonu, Kanpur	6,000
April 18	Received cheque from Poonam on account*	24,500
	Allowed her discount*	500
April 25	Paid for stationery	1,200
April 27	Paid telephone bill by cheque	3,500
April 30	Paid salaries*	6,000

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Apr.01	Cash A/c	Dr.		20,000
	Bank A/c	Dr.		35,000
	Stock A/c	Dr.		15,000
	Furniture A/c	Dr.		4,500
	Poonam	Dr.		20,000
	Sonu	Dr.		10,000
	Input SGST	Dr.		5,000
	Input IGST	Dr.		2,000
	To Ashok				13,500
	To Pankaj				21,500
	To Capital A/c				76,500
	(Opening entry made)

Apr.04	Purchases A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Pankaj				5,600
	(Goods purchased from Pankaj on credit plus 6% Intra State GST)

Apr.07	Ashok	Dr.		13,500
	To Bank A/c				13,000
	To Discount Received A/c				500
	(Payment made to Ashok)

Apr.10	Poonam	Dr.		12,320
	To Sales A/c				11,000
	To Output IGST A/c				1,320
	(Goods sold to Poonam on credit plus 12% inter state GST)

Apr.12	Purchases A/c	Dr.		15,000
	Input IGST A/c	Dr.		1,800
	To Ashok				16,800
	(Goods purchased from Ashok on Credit plus 12% inter state GST)

Apr.15	Sonu	Dr.		6,720
	To Sales A/c				6,000
	To Output IGST A/c				720
	(Goods sold to Sonu on credit plus 12% inter state GST)

Apr.18	Bank A/c	Dr.		24,500
	Discount Allowed A/c	Dr.		500
	To Poonam				25,000
	(Payment 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 in cash plus 6% intra state GST)

Apr.27	Telephone Bill A/c	Dr.		3,500
	Input CGST A/c	Dr.		210
	Input SGST A/c	Dr.		210
	To Bank A/c				3,920
	(Rent paid by cheque plus 6% intra state GST)

Apr.30	Salaries A/c	Dr.		6,000
	To Cash A/c				6,000
	(Salaries paid )

Ledger

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
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
May.01	Balance b/d		12,656

Bank Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Balance b/d		35,000	Apr.07	Ashok		13,000
Apr.18	Poonam		24,500	Apr.27	Telephone Bill 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
May.01	Balance b/d		42,580

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Balance b/d		15,000	Apr.30	Balance c/d		15,000

			15,000				15,000
May.01	Balance b/d		15,000

Furniture Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Balance b/d		4,500	Apr.30	Balance c/d		4,500

			4,500				4,500
May.01	Balance b/d		4,500

Poonam
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
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		500
Apr.10	Output IGST A/c		1,320	Apr.30	Balance c/d		7,320

			32,320				32,320
May.01	Balance b/d		7,320

Sonu
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
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
May.01	Balance b/d		16,720

Ashok
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.07	Bank A/c		13,000	Apr.01	Balance b/d		13,500
Apr.07	Discount Received		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
				May.01	Balance b/d		16,800
Pankaj
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
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 SGST A/c		300

			27,100				27,100
				May.01	Balance b/d		27,100

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		76,500	Apr.01	Balance b/d		76,500

			76,500				76,500
				May.01	Balance b/d		76,500

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.04	Pankaj		5,000	Apr.30	Balance c/d		20,000
Apr.12	Ashok		15,000

			20,000				20,000
May.01	Balance b/d		20,000

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		500	Apr.07	Ashok		500

			500				500
				May.01	Balance b/d		500

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Balance c/d		17,000	Apr.10	Poonam		11,000
				Apr.15	Sonu		6,000

			17,000				17,000
				May.01	Balance b/d		17,000

Stationery Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.25	Cash A/c		1,200	Apr.30	Balance c/d		1,200

			1,200				1,200
May.01	Balance b/d		1,200

Telephone Bill Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.27	Bank A/c		3,500	Apr.30	Balance c/d		3,500

			3,500				3,500
May.01	Balance b/d		3,500

Salaries Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30	Cash A/c		6,000	Apr.30	Balance c/d		6,000

			6,000				6,000
May.01	Balance b/d		6,000

Discount allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.18	Poonam		500	Apr.30	Balance c/d		500

			500				500
May.01	Balance b/d		500

Input IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Balance b/d		2,000
Apr.12	Ashok		1,800	Apr.30	Balance c/d		3,800

			3,800				3,800
May.01	Balance b/d		3,800

Input CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.04	Pankaj		300	Apr.30	Balance c/d		582
Apr.25	Cash A/c		72
Apr.27	Telephone Bill A/c		210
			582				582
May.01	Balance b/d		582

Input SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.01	Balance b/d		5,000
Apr.04	Pankaj		300	Apr.30	Balance c/d		5,582
Apr.25	Cash A/c		72
Apr.27	Telephone Bill A/c		210
			5,582				5,582
May.01	Balance b/d		5,582

Output IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
Apr.30			2,040	Apr.10	Poonam		1,320
				Apr.15	Sonu		720
			2,040				2,040
				May.01	Balance b/d		2,040

Trial Balance as on April,30,2019
S. No.	Particulars	DEBIT	CREDIT

1.	Cash A/c	12,656
2.	Bank A/c	42,580
3.	Stock A/c	15,000
4	Furniture A/c	4,500
5.	Poonam	7,320
6.	Sonu	16,720
7.	Ashok		16,800
8.	Pankaj		27,100
9.	Capital A/c		76,500
10.	Purchases A/c	20,000
11.	Discount Received A/c		500
12.	Sales A/c		17,000
13.	Stationery A/c	1,200
14.	Telephone Bill A/c	3,500
15.	Salaries A/c	6,000
16.	Discount Allowed A/c	500
17.	Input IGST A/c	3,800
18.	Input CGST A/c	582
19.	Input SGST A/c	5,582
20.	Output IGST A/c		2,040
		1,39,940	1,39,940

Page No 9.29:

Question 10:

Shri S. K. Gupta, Chandigarh commenced business on 1st April, 2019 with a capital of ₹ 1,20,000 of which ₹ 60,000 was paid into his Bank Account and balance retained as cash. His other transactions during the month were as follows:

2019		₹
April 2	Bought office furniture	20,000
April 5	Purchased goods	16,000
April 8	Purchased goods from Ramesh, Chandigarh	11,000
April 12	Sold goods to Sameer, Delhi	21,000
April 13	Purchased stationery for cash	1,800
April 13	Paid to Ramesh in cash on account*	10,000
	Discount allowed by him*	1,000
April 17	Withdrawn cash for office use*	4,000
April 18	Sen of Chandigarh sold goods to S.K. Gupta	30,000
April 19	Cash received from Sameer on account*	20,000
	Allowed him discount*	1,000
April 20	Sold to Raj Banwari, Delhi	40,000
April 28	Cash sales	1,400
April 30	Paid salary by cheque*	8,000
April 30	Paid rent by cheque	5,000
April 30	Paid telephone expenses by cheque	2,000
April 30	Paid cash into bank*	2,000

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Journalise the above transactions and post them to the Ledger.

Answer:

**Books of Shri S.K. Gupta Chandigarh**
Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
April 01	Bank A/c	Dr.		60,000
	Cash A/c	Dr.		60,000
	To Capital A/c				1,20,000
	(Being business commenced and 50% cash deposited into bank)

April 02	Furniture 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 furniture purchased plus 6% intra state GST)

April 08	Purchases 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 purchased on credit plus 6% intra-sate GST)

April 12	Sameer	Dr.		23,520
	To Sales A/c				21,000
	To Output CGST A/c				1,260
	To Output SGST A/c				1,260
	(Being goods sold on credit plus 6% intra-state GST)

April 13	Stationery A/c	Dr.		1,800
	Input CGST A/c	Dr.		108
	Input SGST A/c	Dr.		108
	To Cash A/c				2,016
	(Being Stationery purchased plus 6% intra state GST)

April 13	Ramesh	Dr.		11,000
	To Cash A/c				10,000
	To Discount Received A/c				1,000
	(Being cash paid and discount received)

April 17	Cash A/c	Dr.		4,000
	To Bank A/c				4,000
	(Being cash withdrawn from bank for office use)

April 18	Purchases A/c	Dr.		30,000
	Input CGST A/c	Dr.		1,800
	Input SGST A/c	Dr.		1,800
	To Sen				33,600
	(Being goods purchased on credit plus 6% intra-state GST)

April 19	Cash A/c	Dr.		20,000
	Discount Allowed A/c	Dr.		1,000
	To Sameer				21,000
	(Being Cash received and discount allowed)

April 20	Raj Banwari	Dr.		44,800
	To Sales A/c				40,000
	To Output IGST A/c				4,800
	(Being good sold plus 12% inter-state GST)

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 goods sold in cash plus 6% intra-state GST)

April 30	Salary A/c	Dr.		8,000
	To Bank A/c				8,000
	(Being salary paid 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 rent paid with 6% intra-state GST)

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 telephone expenses paid with 6% intra-state GST)

April 30	Bank A/c	Dr.		2,000
	To Cash A/c				2,000
	(Being cash deposited into bank account)

Ledger

Bank Account
Dr.						Cr.
Date	Particulars	Amount (₹)	Date	Particulars	Amount (₹)
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	300
			April 30	By Input SGST	300
			April 30	By Telephone Exp.	2,000
			April 30	By Input CGST	120
			April 30	By Input SGST	120
			April 30	By Balance c/d	42,160

		62,000			62,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		1,20,000	April 01	By Bank A/c		60,000
				April 01	By Cash A/c		60,000
			1,20,000				1,20,000

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Capital A/c		60,000	April 02	By Furniture 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		20,000	April 02	By Input SGST A/c		1,200
April 28	To Sales A/c		1,400	April 13	By Stationery A/c		1,800
April 28	To output CGST A/c		84	April 13	By Input CGST A/c		108
April 28	To output SGST A/c		84	April 13	By Input SGST A/c		108
				April 13	By Ramesh		10,000
				April 30	By Bank A/c		2,000
				April 30	By Balance c/d		49,152
			85,568				85,568

Furniture Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 02	To Cash A/c		20,000	April 30	By Balance c/d		20,000
			20,000				20,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 08	To Ramesh		11,000	April 30	By Balance c/d		41,000
April 18	To Sen		30,000
			41,000				41,000

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		62,400	April 12	By Sameer		21,000
				April 20	By Raj Banwari		40,000
				April 28	By Cash A/c		1,400
			62,400				62,400

Ramesh
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 13	To Cash		10,000	April 08	By Purchases		11,000
April 13	To Discount Received		1,000	April 08	By Input CGST		660
April 30	To Balance c/d		1,320	April 08	By Input SGST		660
			12,320				12,320

Input CGST Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 02	To Cash A/c		1,200	April 30	By Balance c/d		4,188
April 08	To Ramesh		660
April 13	To Cash		108
April 18	To Sen		1,800
April 30	To Bank A/c		300
April 30	To Bank A/c		120
			4,188				4,188

Input SGST Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 02	To Cash A/c		1,200	April 30	By Balance c/d		4,188
April 08	To Ramesh		660
April 13	To Cash		108
April 18	To Sen		1,800
April 30	To Bank A/c		300
April 30	To Bank A/c		120
			4,188				4,188

Output CGST Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		1,344	April 12	By Sameer		1,260
				April 28	By Cash A/c		84

			1,344				1,344

Output SGST Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		1,344	April 12	By Sameer		1,260
				April 28	By Cash A/c		84

			1,344				1,344

Sameer
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 12	To Sales A/c		21,000	April 19	By Cash A/c		20,000
April 12	To Output CGST		1,260	April 19	By Discount Allowed A/c		1,000
April 12	To Output SGST		1,260	April 30	By balance c/d		2,520
			23,520				23,520

Stationery Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 13	To Cash A/c		1,800	April 30	By Balance c/d		1,800
			1,800				1,800

Ramesh
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 13	To Cash A/c		10,000	April 08	By Purchases		11,000
April 13	To Discount Received A/c		1,000	April 08	By Input CGST		660
April 30	To Balance c/d		1,320	April 08	By Input SGST		660
			12,320				12,320

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		1,000	April 13	By Ramesh		1,000
			1,000				1,000

Salary Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Bank A/c		5,000	April 30	By Balance c/d		5,000
			5,000				5,000

Telephone Expenses Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Bank A/c		2,000	April 30	By Balance c/d		2,000
			2,000				2,000

Output IGST Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		4,800	April 20	By Raj Banwari		4,800

			4,800				4,800

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 19	To Sameer		1,000	April 30	By Balance c/d		1,000
			1,000				1,000

Sen
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		33,600	April 18	By Purchases		30,000
				April 18	By Input CGST		1,800
				April 18	By Input SGST		1,800
			33,600				33,600

Raj Banwari
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
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

Trial Balance As on 30^th April 2019
S. No.	Particular	J.F.	Debit Amount (₹)	Credit Amount (₹)
1	Cash		49,152
2	Bank		42,160
3	Capital			1,20,000
4	Furniture		20,000
5	Purchase		41,000
6	Sales			62,400
7	Ramesh			1,320
8	Sameer		2,520
9	Sen			33,600
10	Raj Banwari		44,800
11	Telephone expenses		2,000
12	Stationery		1,800
13	Salary		8,000
14	Rent		5,000
15	Discount Received			1,000
16	Discount Allowed		1,000
17	Input CGST		4,188
18	Input SGST		4,188
19	Output CGST			1,344
20	Output SGST			1,344
21	Output IGST			4,800
			2,25,808	2,25,808

Page No 9.29:

Question 11:

Journalise the following transactions in the books of Shri Manoj, Kolkata and prepare Ledger Accounts.
Opening Debit Balances:
Cash in Hand ₹ 15,000; Cash at Bank ₹ 55,000; Stock ₹ 28,000; Debtors ₹ 25,000 (Sunil ₹ 5,000; Abhay ₹ 10,000 and Alok ₹ 10,000); Fixed Assets: Computer and Printer ₹ 50,000; Furniture ₹ 10,000; Delivery Van ₹ 25,000.

Opening Credit Balances:
Bank Loan ₹ 90,000; Salaries Outstanding ₹ 15,000; Creditors ₹ 20,000; Bills Payable ₹ 10,000; Capital ₹ 73,000.

Transactions for the month of April, 2019 were :
(i) Purchased goods from M/s Prabhat Electricals, Delhi ₹ 10,000 less 10% Trade Discount. Cheque was issued immediately and availed 2% Cash Discount on purchase price.
(ii) Cheque was received from Abhay for the balance allowing him discount of 2%*.
(iii) Cheque was received from Alok for the balance due* .
(iv) Sunil was unable to pay the full dues and offered to pay 75%, which was accepted. Cheque was duly received*.
(v) Gave goods costing ₹ 1,000 as charity. These goods were purchased in Kolkata.
(vi) In a competition held by the RWA where the shop is located an electric iron costing ₹ 500 was given as an award. It had been purchased from Prabhat Electricals, Delhi.
(vii) A debt of ₹ 10,000 that was written off as bad debt in the past was received*.
(viii) Salaries amounting to ₹ 15,000 provided in the books for the month of March, 2019 were paid through cheque*.
(ix) Sales for the month were: Cash Sales ₹ 15,00,000 (Intra-state) and Credit Sales ₹ 3,00,000 (Inter-state).
(x) Purchases for the month were: Cash Purchases ₹ 1,00,000 (Intra-state) and Credit Purchases (Inter-state) ₹ 9,00,000.

Cheques Received from Debtors ₹ 2,00,000; Deposited Cash ₹ 15,00,000.

(xi) Paid to creditors through cheques ₹ 8,90,000*.
(xii) Bank Loan repaid during the month ₹ 20,000*.

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).

Answer:

Journal of Shri Manoj, Kolkata
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
April 01	Cash A/c	Dr.		15,000
	Bank A/c	Dr.		55,000
	Stock A/c	Dr.		28,000
	Sunil	Dr.		5,000
	Abhay	Dr.		10,000
	Alok	Dr.		10,000
	Computer and Printer A/c	Dr.		50,000
	Furniture A/c	Dr.		10,000
	Delivery Van A/c	Dr.		25,000
	To Bank Loan				90,000
	To Salaries Outstanding A/c				15,000
	To Creditors A/c				20,000
	To Bills payable A/c				10,000
	To Capital				73,000
	(Being opening entry passed)

(i)	Purchases 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 goods purchased plus 6% intra-state GST and availed discount)

(ii)	Bank A/c	Dr.		9,800
	Discount Allowed A/c	Dr.		200
	To Abhay				10,000
	(Being amount received and discount allocated)

(iii)	Bank A/c	Dr.		10,000
	To Alok				10,000
	(Being cheque received on account)

(iv)	Bank A/c	Dr.		3,750
	Bad Debts A/c	Dr.		1,250
	To Sunil				5,000
	(Being cheque received for part and balance turned bad.)

(v)	Charity A/c	Dr.		1,120
	To Purchaser A/c				1,000
	To Input CGST A/c				60
	To Input SGST A/c				60
	(Being goods given as charity and GST reversed)

(vi)	Advertisements A/c	Dr.		560
	To Purchases A/c				500
	To Input IGST A/c				60
	(Being goods given as an award and GST reversed)

(vii)	Cash A/c	Dr.		10,000
	To Bad Debts Recovered A/c				10,000
	(Being bad debts recovered)

(viii)	Salaries Outstanding A/c	Dr.		15,000
	To Bank A/c				15,000
	(Being outstanding paid by cheque)

(ix)	Cash A/c	Dr.		16,80,000
	To Sales A/c				15,00,000
	To Output CGST A/c				90,000
	To Output SGST A/c				90,000
	(Being cash sales at 6% intra-state GST)

	Debtors' A/c	Dr.		3,36,000
	To Sales A/c				3,00,000
	To Output IGST A/c				36,000
	(Being inter-state sales for the month @ 12% IGST on credit)

(x)	Purchases A/c	Dr.		10,00,000
	Input CGST A/c	Dr.		6,000
	Input SGST A/c	Dr.		6,000
	Input IGST A/c	Dr.		1,08,000
	To Cash A/c				1,12,000
	To Creditors' A/c				10,08,000
	(Being intra-state cash purchases and inter-state credit purchases GST @ 6% and 12% respectively)

(x)	Bank A/c	Dr.		17,00,000
	To Debtors' A/c				2,00,000
	To Cash A/c				15,00,000
	(Being cheque received and cash deposited in Bank)

(xi)	Creditors' A/c	Dr.		8,90,000
	To Bank A/c				8,90,000
	(Being cheque issued)

(xi)	Bank Loan A/c	Dr.		20,000
	To Bank A/c				20,000
	(Being part of the loan repaid)

Ledger
Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		15,000	(x)	By Purchases		1,00,000
(vii)	To Bad Debts Recovered A/c		10,000		By Input CGST A/c		6,000
(ix)	To Sales A/c		15,00,000		By Input SGST A/c		6,000
	To output CGST A/c		90,000	(x)	By Bank A/c		15,00,000
	To output SGST A/c		90,000	April 30	By Balance c/d		93,000
			17,05,000				17,05,000

Bank Account
Dr.						Cr.
Date	Particulars	Amount (₹)	Date	Particulars	Amount (₹)
2019			2019
April 01	To Balance b/d	55,000	(i)	By Purchases	9,900
(ii)	To Abhay	9,800	(viii)	By Salaries outstanding A/c	15,000
(iii)	To Alok	10,000	(xi)	By Creditors' A/c	8,90,000
(iv)	To Sunil	3,750	(xii)	By Bank Loan A/c	20,000
(x)	To Debtors' A/c	2,00,000	April 30	By Balance c/d	8,43,650
	To Cash A/c	15,00,000
		17,78,550			17,78,550

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		28,000	April 30	By Balance c/d		28,000
			28,000				28,000

Sunil
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		5,000	(iv)	By Bank A/c		3,750
					By Bad Debts A/c		1,250
			5,000				5,000

Abhay
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		10,000	(ii)	By Bank A/c		9,800
					By Discount Allowed A/c		200
			10,000				10,000

Alok
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		10,000	(iii)	By Bank A/c		10,000
			10,000				10,000

Computer and Printer Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		50,000	April 30	By Balance c/d		50,000
			50,000				50,000

Furniture Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		10,000	April 30	By Balance c/d		10,000
			10,000				10,000

Delivery Van Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 01	To Balance b/d		25,000	April 30	By Balance c/d		25,000
			25,000				25,000

Bank Loan Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(xii)	To Bank A/c		20,000	April 01	By Balance b/d		90,000
April 30	To Balance c/d		70,000
			90,000				90,000

Salaries Outstanding Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(viii)	To Bank A/c		15,000	April 01	By Balance b/d		15,000
			15,000				15,000

Creditors Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(xi)	To Bank A/c		8,90,000	April 01	By Balance b/d		20,000
April 30	To Balance c/d		1,38,000	(x)	By Purchases		9,00,000
					By Input IGST		1,08,000
			10,28,000				10,28,000

Bills Payable Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		10,000	April 01	By Balance b/d		10,000
			10,000				10,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		73,000	April 01	By Balance b/d		73,000
			73,000				73,000

Output IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		36,000	(ix)	By Debtors' A/c		36,000
			36,000				36,000

Input IGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(i)	To Bank A/c		1,080	(vi)	By Advertisements A/c		60
(x)	To Creditors' A/c		1,08,000	April 30	By Balance c/d		1,09,020
			1,09,080				1,09,080

Advertisement Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(vi)	To Purchases A/c		500	April 30	By Balance c/d		560
	To Input IGST A/c		60
			560				560

Bad Debts Recovered Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		10,000	(vii)	By Cash A/c		10,000
			10,000				10,000

Debtors Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(ix)	To Sales A/c		3,00,000	(xi)	By Bank A/c		2,00,000
	To Output IGST A/c		36,000	April 30	By Balance c/d		1,36,000
			3,36,000				3,36,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(i)	To Bank A/c		8,820	(v)	By Charity A/c		1,000
	To Discount Received		180	(vi)	By Advertisement A/c		500
(x)	To Cash A/c		1,00,000	April 30	By Balance c/d		1,07,500
	To Creditors' A/c		9,00,000
			10,09,000				10,09,000

Input CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(x)	To Cash A/c		6,000	(v)	By Charity A/c		60
				April 30	By Balance c/d		5,940
			6,000				6,000

Input SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(x)	To Cash A/c		6,000	(v)	By Charity A/c		60
				April 30	By Balance c/d		5,940
			6,000				6,000

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		180	(i)	By Purchases		180
			180				180

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		18,00,000	(ix)	By Cash A/c		15,00,000
					By Debtors' A/c		3,00,000
			18,00,000				18,00,000

Output CGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		90,000	(ix)	By Cash A/c		90,000
			90,000				90,000

Output SGST Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
April 30	To Balance c/d		90,000	(ix)	By Cash A/c		90,000
			90,000				90,000

Charity Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(v)	To Purchases A/c		1,000	April 30	By Balance c/d		1,120
	To Input CGST A/c		60
	To Input SGST A/c		60
			1,120				1,120

Bad Debts Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(iv)	To Sunil		1,250	April 30	By Balance c/d		1,250
			1,250				1,250

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2019				2019
(ii)	To Abhay		200	April 30	By Balance c/d		200
			200				200

Trial Balance As on 30^th April 2019
S. No.	Particular	J.F.	Debit Amount (₹)	Credit Amount (₹)
1	Cash		93,000
2	Bank		8,43,650
3	Stock		28,000
4	Computer & Printers		50,000
5	Furniture		10,000
6	Delivery Van		25,000
7	Creditors			1,38,000
8	Bills Payable			10,000
9	Capital			73,000
10	Output IGST			36,000
11	Input IGST		1,09,020
12	Advertisement		560
13	Debtors		1,36,000
14	Purchases		10,07,500
15	Input CGST		5,940
16	Input SGST		5,940
17	Discount Received			180
18	Sales			18,00,000
19	Output CGST			90,000
20	Output SGST			90,000
21	Bank Loan			70,000
22	Charity		1,120
23	Bad Debts		1,250
24	Discount Allowed		200
25	Bad Debts Recovered			10,000
			23,17,180	23,17,180

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