Double Entry Book Keeping Ts Grewal 2019 Solutions for Class 11 Commerce Accountancy Chapter 8 Special Purpose Books Ii Other Books are provided here with simple step-by-step explanations. These solutions for Special Purpose Books Ii Other Books are extremely popular among Class 11 Commerce students for Accountancy Special Purpose Books Ii Other Books Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keeping Ts Grewal 2019 Book of Class 11 Commerce Accountancy Chapter 8 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal 2019 Solutions. All Double Entry Book Keeping Ts Grewal 2019 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 11.42:
Question 1:
Record the following transactions in the Purchases Book of Subhash General Stores, Delhi:
| 2019 | |||
| May 1 | Bought from M/s. Chunni Lal Mam Raj, Delhi: | ||
| 100 bags of ITC Wheat Atta @ ₹ 530 per bag | |||
| 50 bags of Rice Basmati @ ₹ 500 per bag | |||
| Less: Trade Discount @ 10% | |||
| CGST and SGST @ 6% each was payable on the purchases | |||
| May 3 | Bought from M/s. Kanodia Oil Mills, Delhi: | ||
| 40 tins Oil @ ₹ 1,500 per tin | |||
| 20 tins Banaspati Oil @ ₹ 900 per tin | |||
| Less: Trade Discount @ 5% | |||
| CGST and SGST @ 6% each was payable on the purchases | |||
| May 4 | Purchased from M/s. Gupta Bros., Hapur: | ||
| 25 bags gram @ ₹ 480 per bag | |||
| 40 bags oats @ ₹ 25 per bag | |||
| Less: Trade Discount @ 5% | |||
| IGST @ 12% was payable on the purchases | |||
Answer:
|
Purchases Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
|
Cost
|
Input
CGST
|
Input SGST
|
Input
IGST
|
Total
|
| 2019 | |||||||||
|
May 01
|
M/s Chunni Lal Mam Raj, Delhi |
|
|
|
|
|
|
||
| 100 bags of ITC Wheat Atta @ Rs 530 per bag |
53,000
|
|
|
|
|
|
|||
|
|
50 bags of Rice Basmati @ Rs 500 per bag |
25,000
|
|
|
|
|
|
||
|
|
78,000
|
|
|
|
|
|
|||
|
|
Less: 10% T.D. |
7,800
|
|
|
|
|
|
||
|
|
70,200
|
|
|
|
|
|
|||
|
|
Add: CGST @ 6% |
4,212
|
|
|
|
|
|
||
|
|
Add: SGST @ 6% |
4,212
|
|
|
|
|
|
||
|
78,624
|
70,200
|
4,212
|
4,212
|
–
|
78,624
|
||||
|
|
|
|
|
|
|
|
|||
|
May 03
|
M/s Kanodia Oil Mills, Delhi |
|
|
|
|
|
|
||
|
|
40 tins Oil @ Rs 1,500 per tin |
60,000
|
|
|
|
|
|
||
|
|
20 tins Banaspati Oil @ Rs 900 per tin |
18,000
|
|
|
|
|
|
||
|
|
78,000
|
|
|
|
|
|
|||
|
|
Less: 5% T.D. |
3,900
|
|
|
|
|
|
||
|
|
74,100
|
|
|
|
|
|
|||
|
|
Add: CGST @ 6% |
4,446
|
|
|
|
|
|
||
|
|
Add: SGST @ 6% |
4,446
|
|
|
|
|
|
||
|
|
82,992
|
74,100
|
4,446
|
4,446
|
–
|
82,992
|
|||
|
May 03
|
M/s Gupta Bros., Hapur |
|
|
|
|
|
|
||
|
|
25 bags gram @ Rs 480 per bag |
12,000
|
|
|
|
|
|
||
|
|
40 bags Oats @ Rs 25 per bag |
1,000
|
|
|
|
|
|
||
|
|
13,000
|
|
|
|
|
|
|||
|
|
Less: 5% T.D. |
650
|
|
|
|
|
|
||
|
|
12,350
|
|
|
|
|
|
|||
|
|
Add: IGST @ 12% |
1,482
|
|
|
|
|
|
||
|
|
13,832
|
12,350
|
–
|
–
|
1,482
|
13,832
|
|||
|
1,56,650
|
8,658
|
8,658
|
1,482
|
1,75,448
|
|||||
|
|
|
|
|
|
|||||
Page No 11.42:
Question 2:
Verma Bros. Kolkata carry on business as wholesale cloth dealer. From the following, write up their Purchases Book for January, 2019:
| Jan. 3 | Purchased from M/s. Birla Mills, Kolkata: |
| 100 pieces long cloth @ ₹ 800 each | |
| 50 pieces shirting @ ₹ 500 each | |
| CGST and SGST payable @ 6% each | |
| Jan. 8 | Purchased for cash from M/s. Ambika Mills, Ahmedabad: |
| 50 pieces muslin @ ₹ 1,000 each | |
| IGST payable @ 12% | |
| Jan. 15 | Purchased from M/s. Arvind Mills, Ahmedabad: |
| 20 pieces coating @ ₹ 2,000 each | |
| 10 pieces shirting @ ₹ 500 each | |
| IGST payable @ 12% | |
| Jan. 20 | Purchased from M/s. Bharat Typewriters Ltd. Kolkata: |
| 5 typewriters @ ₹ 1,400 each | |
| CGST and SGST payable @ 6% each |
Show the posting from Purchases Book to Ledger accounts also.
Answer:
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
|
Cost
|
Input
CGST
|
Input SGST
|
Input
IGST
|
Total
|
| 2019 | |||||||||
|
Jan 03
|
M/s Birla Mills, Kolkata |
|
|
|
|
|
|
||
| 100 pieces long cloth @ Rs 800 each |
80,000
|
|
|
|
|
|
|||
|
|
50 pieces shirting @ Rs 500 each |
25,000
|
|
|
|
|
|
||
|
|
1,05,000
|
|
|
|
|
|
|||
|
|
Add: CGST @ 6% |
6,300
|
|
|
|
|
|
||
|
|
Add: SGST @ 6% |
6,300
|
|
|
|
|
|
||
|
1,17,600
|
1,05,000
|
6,300
|
6,300
|
–
|
1,17,600
|
||||
|
Jan 15
|
M/s Arvind Mills, Ahmedabad |
|
|
|
|
|
|
||
|
|
20 pieces coating @ Rs.2,000 each |
40,000
|
|
|
|
|
|
||
|
|
10 pieces shirting @ Rs.500 each |
5,000
|
|
|
|
|
|
||
|
|
45,000 |
|
|
|
|
|
|||
| Add: IGST @ 12% | 5,400 | ||||||||
| 50,400 | 45,000 | - | - | 5,400 | 50,400 | ||||
| Jan 31 |
1,50,000
|
6,300
|
6,300
|
5,400
|
1,68,000
|
||||
|
|
|
|
|
|
Page No 11.43:
Question 3:
From the following transactions of Kamal, Guwahati, prepare Purchases Book and post into Ledger:
| 2019 | |
| April 1 | Purchased from Videocon India Ltd., Kolkata; |
| 30 Colour T.Vs @ ₹ 15,000 each, less Trade Discount @ 10% plus IGST @ 12%. Freight charges ₹ 2,000. | |
| April 15 | Purchased from Sony India Ltd., Guwahati: |
| 10 colour T.Vs @ ₹ 20,000 each less Trade Discount @ 10% plus CGST and SGST @ 6% each. | |
| April 20 | Purchased from Music India Ltd., Delhi: |
| 10 music systems @ ₹ 10,000 each less Trade Discount @ 15% plus IGST @ 12%. | |
| April 30 | Purchased from Videocon India Ltd., Kolkata: |
| 5 washing machines @ ₹ 15,000 each less Trade Discount @ 20%, plus IGST @ 12%, Freight charges ₹ 1,000. |
Answer:
|
Purchases Book of Kamal, Guwahati
|
||||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
|
Cost
|
Input
CGST
|
Input SGST
|
Input
IGST
|
Freight Charges |
Total
|
|
2019
April 01 |
Videocon India Ltd., Kolkata |
|
|
|
|
|
|
|||
| 30 Color T.Vs. @ Rs.15,000 each |
4,50,000
|
|
|
|
|
|
||||
|
|
Less: 10% T.D. |
45,000
|
|
|
|
|
|
|||
|
|
4,05,000
|
|
|
|
|
|
||||
|
|
Add:IGST @ 12% |
48,600
|
|
|
|
|
|
|||
|
|
Add:Freight Charges | 2,000 |
|
|
|
|
|
|||
|
4,55,600
|
4,05,000
|
– | – |
48,600
|
2,000 |
4,55,600
|
||||
|
|
|
|
|
|
|
|
||||
|
April 15
|
Sony India Ltd., Guwahati |
|
|
|
|
|
|
|||
|
|
10 Color T.Vs. @ Rs.20,000 each |
2,00,000
|
|
|
|
|
|
|||
|
|
Less: 10% T.D. |
20,000
|
|
|
|
|
|
|||
|
|
1,80,000
|
|
|
|
|
|
||||
|
|
Add: CGST @ 6% |
10,800
|
|
|
|
|
|
|||
|
|
Add: SGST @ 6% |
10,800
|
|
|
|
|
|
|||
|
|
2,01,600
|
1,80,000
|
10,800
|
10,800
|
–
|
– |
2,01,600
|
|||
| April 20 | Music India Ltd., Delhi | |||||||||
| 10 Music Systems @ Rs.10,000 each | 1,00,000 | |||||||||
| Less: 15% T.D. | 15,000 | |||||||||
| 85,000 | ||||||||||
| Add: IGST @ 12% | 10,200 | |||||||||
| 95,200 | 85,000 | – | – | 10,200 | 95,200 | |||||
|
April 30
|
Videocon India Ltd., Kolkata |
|
|
|
|
|
|
|||
|
|
5 Washing Machines @ 15,000 each |
75,000
|
|
|
|
|
|
|||
|
|
Less: 20% T.D. |
15,000
|
|
|
|
|
|
|||
|
|
60,000
|
|
|
|
|
|
||||
| Add: IGST @ 12% | 7,200 | |||||||||
|
|
Add: Freight Charges |
1,000
|
|
|
|
|
|
|||
|
|
68,200
|
60,000
|
|
–
|
7,200
|
1,000 |
68,200
|
|||
| April 30 | 7,30,000 | 10,800 | 10,800 | 66,000 | 3,000 | 8,20,600 | ||||
|
|
|
|
|
|
||||||
|
Purchases Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||||
| April 30 | Sundries of Purchases as per | |||||||
| Purchases Book for the month of April |
7,30,000
|
|||||||
|
Freight Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
| April 01 | Videocon India Ltd. |
2,000
|
|||||
| April 30 | Videocon India Ltd. |
1,000
|
|||||
|
Videcon India Ltd.
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
| April 01 | Purchases |
4,05,000
|
|||||
| April 01 | Input IGST | 48,600 | |||||
| April 01 | Freight | 2,000 | |||||
| April 30 | Purchases | 60,000 | |||||
| April 30 | Input IGST | 7,200 | |||||
|
|
April 30 | Freight |
1,000
|
||||
|
Soni India Ltd.
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
|
April 15
|
Purchases |
1,80,000
|
|||||
| April 15 | Input CGST | 10,800 | |||||
|
|
April 15
|
Input SGST |
10,800
|
||||
|
Music India Ltd.
|
|||||||||
| Dr. |
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
||
|
2019
|
|||||||||
|
April 20
|
Purchases |
85,000
|
|||||||
|
April 20
|
Input IGST |
10,200
|
|||||||
|
Input IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
|
|
April 01
|
Videocon India Ltd. |
48,600
|
||||
| April 20 | Music India Ltd. | 10,200 | |||||
| April 30 | Videocon India Ltd. | 7,200 | |||||
|
Input CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
| April 15 | Sony India Ltd. | 10,800 | |||||
|
Input SGST Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
|
2019
|
|||||||
|
|
April 15
|
Sony India Ltd. |
10,800
|
|||||
|
Input IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
|
|
April 01
|
Videocon India Ltd. |
48,600
|
||||
| April 20 | Music India Ltd. | 10,200 | |||||
|
|
|
April 30
|
Videocon India Ltd. |
7,200
|
|||
Page No 11.43:
Question 4:
The following purchases were made by Karam, Kolkata, during the month of April, 2019. Prepare Purchases Book and post into Ledger Accounts:
| 2019 | |
| April 8 | Purchased on credit from Subodh Brothers, Delhi: 5 chests of tea @ ₹ 7,000 per chest at a Trade Discount of 10% plus IGST @ 12% and packing and other charges ₹ 500. |
| April 12 |
Purchased in cash 20 boxes of tea @ ₹ 500 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each. |
| April 18 | Purchased from Raj Furnishing House: 3 show cases @ ₹ 7,500 per case at a Trade Discount of 10% plus CGST and SGST @ 6% each. |
| April 20 |
Purchased from Siliguri Tea Agency, Siliguri, West Bengal: 15 boxes of tea @ ₹ 600 per box at a Trade Discount of 10% plus CGST and SGST @ 6% each and packing and other charges ₹ 50. |
| April 25 | Purchased from Darjeeling Tea House, Darjeeling, West Bengal: 5 kgs of Special Green Tea @ ₹ 500 per kg at a Trade Discount of 10% plus CGST and SGST @ 6% each for household consumption of proprietor. |
Answer:
|
Books of M/s. B. K. Gupta, Kolkata
Purchases Books
|
|||||||||
|
Date
|
Particulars
|
L.F.
|
Details (₹)
|
Cost
(₹)
|
Input IGST
(₹)
|
Input CGST
(₹)
|
Input SGST
(₹)
|
Packing and Other Charges
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
||||
|
April 08
|
Subodh Brothers, Delhi |
|
|
|
|
|
|||
|
|
5 chests of tea @ ₹ 7,000 per chest |
35,000
|
|
|
|
|
|||
|
|
Less: 10% Trade Discount |
(3,500)
|
|
|
|
|
|||
|
|
31,500
|
|
|
|
|
||||
| Add: 12% IGST | 3,780 | ||||||||
|
|
Add: Packing and Other Charges |
500
|
|||||||
| 35,780 | 31,500 | 3,780 | - | - | 500 | 35,780 | |||
|
|
|
|
|
|
|
||||
|
April 20
|
Siliguri Tea Agency, Siliguri |
|
|
|
|
|
|||
|
|
15 Boxes Tea @ ₹ 600 per Box |
9,000
|
|
|
|
|
|||
|
|
Less: 10% Trade Discount |
(900)
|
|
|
|
|
|||
|
|
8,100
|
|
|
|
|
||||
| Add: 6% SGST | 486 | ||||||||
| Add: 6% CGST | 486 | ||||||||
| Add: Packing and Other Charges | 00050 |
||||||||
|
|
9,122
|
8,100
|
-
|
486
|
486
|
50 |
9,122
|
||
|
April 30
|
|
39,600
|
3,780
|
486 | 486 |
550
|
44,902
|
||
|
|
|||||||||
|
Purchases Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||||
|
April 30
|
Sundries of Purchases | |||||||
|
|
as per Purchases Book | |||||||
|
|
for the month of April |
39,600
|
||||||
|
|
|
|||||||
|
|
||||||||
|
Packing and Other Charges Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
|
April 08
|
Subodh BrotheRs |
500
|
|||||
|
April 20
|
Siliguri Tea Agency |
50
|
|
|
|||
|
|
|||||||
|
Subodh Brothers
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
|
April 08
|
Purchases |
31,500
|
|||||
|
April 08
|
Input IGST |
3,780
|
|||||
|
|
|
April 08
|
Freight and Other Charges |
500
|
|||
|
Siliguri Tea Agency
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
|
|
|
|
2019
|
||||
| April 20 | Purchases |
8,100
|
||||||
| April 20 | Input CGST |
486
|
||||||
| April 20 | Input SGST | 486 | ||||||
|
|
April 20 | Freight and Other Charges |
50
|
|||||
|
Input IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
|
April 08
|
Subodh Brothers |
3,780
|
|||||
|
|
|||||||
|
Input CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
|
April 20
|
Siliguri Tea Agency |
486
|
|
|
|||
|
|
|||||||
|
Input SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
| April 20 | Siliguri Tea Agency | 486 | |||||
Page No 11.43:
Question 5:
Prepare Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open the Ledger Accounts also:
| 2019 | |
| April 1 | Sold to M/s. Gupta Furniture House, Delhi: |
| 100 Chairs @ ₹ 1,500 per chair | |
| 40 Tables @ ₹ 2,000 per table | |
| Less: Trade Discount @ 5% | |
| Charged IGST @ 12% | |
| April 10 | Sold to M/s. Ajit Singh & Sons, Kolkata: |
| 150 Desks @ ₹ 1,000 per desk | |
| 160 Chairs @ ₹ 1,500 per chair | |
| Less: Trade Discount @ 5% | |
| Charged CGST and SGST @ 6% each | |
| April 15 | Sold to M/s. Ideal Furniture House, Darjeeling: |
| 10 Sofa sets @ ₹ 75,000 each | |
| 5 Almirahs @ ₹ 3,000 each | |
| 25 Office Tables @ ₹ 4,000 each | |
| Less: Trade Discount @ 10% | |
| Charged CGST and SGST @ 6% each |
Answer:
|
Sales Book of Hema Traders, Kolkata |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details |
Sales Value (₹) |
Output IGST (₹) |
Output CGST (₹) |
Output SGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
April 01 |
M/s Gupta Furniture House, Delhi |
|
|
|
||||||
|
|
100 chairs@ ₹ 1,500 per chair |
|
1,50,000 |
|
||||||
|
|
40 Tables @ ₹ 2,000per table |
|
80,000 |
|
||||||
|
|
|
|
2,30,000 |
|
||||||
|
|
Less: 5% Trade Discount |
|
|
|
||||||
|
|
|
|
2,18,500 |
|
||||||
| Add: 12% IGST | 26,220 |
|||||||||
| 2,44,720 | 2,18,500 | 26,220 | - | - | 2,44,720 | |||||
|
April 10 |
M/s. Ajit Singh & Sons, Kolkata |
|
|
|
||||||
|
|
150 Desks @ ₹1,000 per desk |
|
1,50,000 |
|
||||||
|
|
160 Chairs @ ₹ 1,500 per chair. |
|
2,40,000 |
|
||||||
|
|
|
|
3,90,000 |
|
||||||
|
|
Less: 5% Trade Discount |
|
(19,500) |
|
||||||
|
|
|
|
3,70,500 |
|
||||||
| Add: 6% CGST | 22,230 | |||||||||
| 6% SGST | 22,230 | |||||||||
| 4,14,960 | 3,70,500 | - | 22,230 | 22,230 | 4,14,960 | |||||
|
April 15 |
M/s. Ideal Furniture House, Darjeeling |
|
|
|
||||||
|
|
10 Sofa sets @ ₹ 75,000 each |
|
7,50,000 |
|
||||||
|
|
5 Almirahs @ each ₹ 3,000 each |
|
15,000 |
|
||||||
|
|
25 Office Tables @ ₹ 4,000 each |
|
1,00,000 |
|
||||||
|
|
|
|
8,65,000 |
|
||||||
| Less: 10% Trade Discount | (86,500) | |||||||||
| 7,78,500 | ||||||||||
| Add: 6% CGST | 46,710 | |||||||||
| 6% SGST | 46,710 | |||||||||
|
|
|
|
8,71,920 |
7,78,500 |
46,710 | 46,710 | 8,71,920 | |||
|
April 30 |
|
|
|
|
13,67,500 |
26,220 | 68,940 | 68,940 | 15,31,600 | |
|
|
|
|
|
|
||||||
|
Sales Account |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
|
|
|
2019 |
|
|
|
|
|
|
|
|
April 30 |
Sundries as per the Sales Book |
|
13,67,500 |
|
|
|
|
|
|
|
|
|
|
M/s. Gupta Furniture House, Delhi |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
2019 |
|
|
|
|
|
|
|
|
April 01 |
Sales |
|
2,18,500 |
|
|
|
|
| April 01 | Output IGST | 26,220 | |||||
|
|
|
|
|
|
|
|
|
|
M/s. Ajit Singh & Sons, Kolkata |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
2019 |
|
|
|
|
|
|
|
|
April 10 |
Sales |
|
3,70,500 |
|
|
|
|
| April 10 | Output CGST | 22,230 | |||||
| April 10 | Output SGST | 22,230 | |||||
|
|
|
|
|
|
|
|
|
|
M/s. Ideal Furniture House, Darjeeling |
||||||||
|
Dr. |
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
|
|
|
|
|
|
April 15 |
Sales |
|
7,78,500 |
|
|
|
|
|
| April 15 | Output CGST | 46,710 | ||||||
| April 15 | Output SGST | 46,710 | ||||||
|
|
|
|
|
|
|
|
|
|
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
| 2019 | |||||||
| April 01 | M/s Gupta Furniture House | 26,220 | |||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
| April 10 | M/s. Ajit Singh & Sons | 22,230 | |||||
|
April 15
|
M/s. Ideal Furniture House |
46,710
|
|||||
|
|
|||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
| April 10 | M/s. Ajit Singh & Sons | 22,230 | |||||
| April 15 | M/s. Ideal Furniture House | 46,710 | |||||
Page No 11.44:
Question 6:
From the following particulars, prepare a Sales Book of M/s. Gyan Prasad & Bros., Delhi, dealers of stationery and post into Ledger Accounts:
| 2018 | |
| July 1 | Sold to M/s. Stationery Mart, Delhi: |
| 10 reams white paper @ ₹ 300 per ream | |
| Charged CGST and SGST @ 6% each | |
| July 2 | Sold to M/s. Puran Chand & Co., Chandigarh: |
| 6 dozen pens @ ₹ 200 per dozen | |
| Charged IGST @ 12% | |
| July 10 | Sold old newspaper for ₹ 62 |
| July 25 | Sold on credit to M/s. Rahim & Co., Varanasi: |
| 10 Drawing Boards @ ₹ 500 per piece | |
| Charged IGST @ 12% | |
| July 30 | Sold to M/s. Kay Cee & Co., Delhi: |
| 4 Portable Study Tables @ ₹ 5,000 per table | |
| Charged CGST and SGST @ 6% each |
Answer:
|
Books of M/s. B. K. Gupta, Kolkata
Purchases Books
|
|||||||||
|
Date
|
Particulars
|
Invoice No. |
L.F.
|
Details (₹)
|
Sale Value
(₹)
|
Output IGST
(₹)
|
Output
CGST (₹)
|
Output SGST
(₹)
|
Total
(₹)
|
|
2018
|
|
|
|
|
|||||
|
July 01
|
M/s Stationery Mart, Delhi |
|
|
|
|
||||
|
|
10 reams white paper @ Rs.300 per ream |
3,000
|
|
|
|
||||
|
|
|
|
|
|
|||||
| Add: 6% CGST | 180 | ||||||||
|
|
6% SGST |
180
|
|||||||
| 3,360 | 3,000 | - | 180 | 180 | 3,360 | ||||
|
|
|
|
|
|
|||||
|
July 02
|
M/s Puran Chand & Company,Chandigarh |
|
|
|
|
||||
|
|
6 dozens of pens @ Rs.200 per dozen |
1,200
|
|
|
|
||||
|
|
Add: 12% IGST |
144
|
|
|
|
||||
|
|
1,344
|
1,200
|
144
|
- | - |
1,344
|
|||
| July 25 | M/s Rahim & Co.,Varanasi | ||||||||
| 10 Drawing Boards @ Rs.500 per piece | 5,000 | ||||||||
| Add: 12% IGST | 600 | ||||||||
| 5,600 | 5,000 | 600 | - | - | 5,600 | ||||
| July 30 | M/s Kay Cee & Co., Delhi | ||||||||
| 4 Portable Study Tables @ Rs.5,000 per table | 20,000 |
||||||||
| Add: 6% CGST | 1,200 | ||||||||
| 6% SGST | 1,200 | ||||||||
|
|
22,400
|
20,000
|
-
|
1,200 | 1,200 | 22,400 | |||
|
July 31
|
|
29,200
|
744
|
1,380 | 1,380 |
32,704
|
|||
|
|
|||||||||
|
Sales Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
| 2018 | ||||||||
| July 31 | Sundries of Sales as per Sales Book for the month of July | 29,200 | ||||||
|
|
||||||||
|
|
||||||||
|
|
|
|||||||
|
|
||||||||
|
M/s Stationery Mart, Delhi
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2018
|
|
||||||
| July 01 | Sales | 3,000 | |||||
| July 01 | Output CGST | 180 | |||||
|
July 01
|
Output SGST |
180
|
|||||
|
|
|||||||
|
M/s Puran Chand & Co., Chandigarh
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2018
|
|||||||
| July 02 | Sales | 1,200 | |||||
| July 02 | Output IGST | 144 | |||||
|
|
|
||||||
|
M/s Rahim & Co., Varanasi
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2018
|
|
|
|
|||||
| July 20 | Sales | 5,000 | ||||||
| July 20 | Output IGST | 600 | ||||||
|
|
||||||||
|
Output IGST Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
| 2018 | ||||||||
| July 02 | M/s Puran Chand & Co., Chandigarh | 144 | ||||||
|
|
July 20 | M/s Rahim & Co.,Varanasi | 600 | |||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2018
|
|||||||
| July 01 | M/s Stationery Mart, Delhi | 180 | |||||
|
July 30
|
M/s Kay Cee & Co., Delhi |
1,200
|
|||||
|
|
|||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2018
|
|||||||
| July 01 | M/s Stationery Mart, Delhi | 180 | |||||
| July 01 | M/s Kay Cee & Co., Delhi | 1,200 | |||||
|
M/s Kay Cee & Co., Delhi
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2018
|
|
||||||
| July 30 | Sales | 20,000 | |||||
| July 30 | Output CGST | 1,200 | |||||
|
July 30
|
Output SGST |
1,200
|
|||||
|
|
|||||||
Page No 11.44:
Question 7:
From the following particulars, prepare Sales Book of Gupta & Co., Kolkata who deals in furniture:
| 2019 | |
| Jan. 5 | Sold to Hari & Co., Kolkata: |
| 10 Tables @ ₹ 1,100 each | |
| 20 Chairs @ ₹ 1,000 each | |
| Charged CGST and SGST @ 6% each | |
| Jan. 10 | Sold to M/s. Sharma & Co., Delhi: |
| 5 Almirahs @ ₹ 5,000 each | |
| 5 Stools @ ₹ 1,000 each | |
| Charged IGST @ 12% | |
| Jan. 20 | Sold old printer for ₹ 600 to Raja & Co., Kolkata |
| Charged CGST and SGST @ 6% each | |
| Jan. 25 | Sold to M/s. Sohan Lal & Bros., Kolkata: |
| 5 Tables @ ₹ 2,500 each | |
| 1 Revolving Chair @ ₹ 5,000 | |
| Charged CGST and SGST @ 6% each |
Show the Posting from Sales Book to Ledger Accounts.
Answer:
|
Sales Book of Gupta & Co., Kolkata |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (₹) |
Sales Value (₹) |
Output IGST (₹) |
Output CGST (₹) |
Output SGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
|
|
|
|
|
|
|
Jan.05 |
Hari & Co., Kolkata |
|
|
|
|
|
|
|
|
|
|
|
20 Chairs@ Rs 1,000 per chair |
|
|
20,000 |
|
|
|
|
|
|
|
|
10 Tables @ Rs 1,100 per table |
|
|
11,000 |
|
|
|
|
|
|
|
|
|
|
|
31,000 |
|
|
|
|
|
|
|
|
Add: 6% CGST |
|
|
1,860 |
|
|
|
|
|
|
|
|
|
|
|
34,720 |
31,000 |
1,860 |
1,860 |
34,720 |
||
|
Jan.10 |
M/s. Sharma & Co., Delhi |
|
|
|
|
|
|
|
|
|
|
|
5 Almirahas @ Rs. 5,000 each |
|
|
25,000 |
|
|
|
|
|
|
|
|
5 Stools @ Rs. 1,000 each |
|
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
30,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
|
3,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,600 |
30,000 |
3,600 |
33,600 |
|||
|
Jan. 25 |
M/s. Sohan Lal & Brothers, Kolkata |
|
|
|
|
|
|
|
|
|
|
|
5 Tables @ Rs 2,500 each |
|
|
12,500 |
|
|
|
|
|
|
|
|
1 Revolving Chair @ Rs. 5,000 each |
|
|
5,000 |
|
|
|
|
|
|
|
|
|
|
|
17,500 |
|
|
|
|
|
|
|
|
Add: 6% CGST |
|
|
1,050 |
|
|
|
|
|
|
|
|
6% SGST |
|
|
1,050 |
|
|
|
|
|
|
|
|
|
|
|
19,600 |
17,500 |
1,050 |
1,050 |
19,600 |
||
|
Jan 31 |
|
|
|
|
|
78,500 |
3,600 |
2,910 |
2,910 |
87,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Account |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
|
|
|
2019 |
|
|
|
|
|
|
|
|
Jan 31 |
Sundries as per the Sales Book |
|
78,500 |
|
|
|
|
|
|
|
|
|
|
Hari & Co., Kolkata |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
2019 |
|
|
|
|
|
|
|
|
Jan 05 |
Sales |
|
31,000 |
|
|
|
|
| Jan 05 | Output CGST | 1,860 | |||||
| Jan 05 | Output SGST | 1,860 | |||||
|
|
|
|
|
|
|
|
|
|
M/s. Sharma & Co. , Delhi |
|||||||
|
Dr. |
Cr. |
||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
2019 |
|
|
|
|
|
|
|
|
Jan 10 |
Sales |
|
30,000 |
|
|
|
|
| Jan 10 | Output IGST | 3,600 | |||||
|
|
|
|
|
|
|
|
|
|
M/s. Sohan Lal & Brothers, Kolkata |
||||||||
|
Dr. |
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
|
|
|
|
|
|
Jan 25 |
Sales |
|
17,500 |
|
|
|
|
|
| Jan 25 | Output CGST | 1,050 | ||||||
| Jan 25 | Output SGST | 1,050 | ||||||
|
|
|
|
|
|
|
|
|
|
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
| 2019 | |||||||
| Jan 10 | M/sSharma & Co. | 3,600 | |||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
| Jan 05 | M/s. Hari & Co. | 1,860 | |||||
| Jan 25 | M/s. Sohan Lal Brothres | 1,050 | |||||
|
|
|||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
| Jan 05 | M/s. Hari & Co. | 1,860 | |||||
| Jan 25 | M/s. Sohan Lal Brothres | 1,050 | |||||
Page No 11.45:
Question 8:
Prepare Purchases and Sales Book from the following transactions of Rahul, Bengaluru:
| 2019 | |
| Jan. 1 | Bought from M/s. Uma Datt, Mumbai: |
| 1,000 Registers @ ₹ 80 each | |
| 50 Reams Paper @ ₹ 250 per ream | |
| Less: Trade Discount 25% | |
| Plus: IGST @ 5% | |
| Jan. 2 | Sold to Shri Dayal, Bengaluru: |
| 250 Registers @ ₹ 85 each | |
| 5 Reams paper @ ₹ 300 per ream | |
| Charged CGST and SGST @ 2.5% each | |
| Jan. 8 | Bought from BILT, Delhi: |
| 100 Reams Ruled Paper @ ₹ 600 per ream | |
| Less: Trade Discount 15% | |
| Plus IGST @ 5% | |
| Jan. 12 | Sold to Gupta Bros., Delhi: |
| 250 Registers @ ₹ 85 each | |
| 50 Reams Ruled Paper @ 700 per ream | |
| Less: Trade Discount 5%, charged IGST @ 5% | |
| Jan. 18 | Sold to Ram Saran Das: |
| 20 copies Double Entry Book Keeping @ ₹ 85 each | |
| Jan. 25 | Bought from Hari Ram, Delhi: |
| 1,000 pens @ ₹ 10 each | |
| Less: Trade Discount 15% | |
| Plus IGST @ 5% | |
| Jan. 31 | Sold to Rishi Kumar, Bengaluru: |
| 300 Registers @ ₹ 90 each | |
| 50 Reams Ruled Paper @ ₹ 700 per ream | |
| 20 Reams Paper @ ₹ 300 per ream | |
| Less: Trade Discount 10%, charged CGST and SGST @ 2.5% each |
Answer:
|
Purchases Book of Rahul, Bengaluru
|
|||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
|
Cost
|
Input
IGST
|
Total
|
| 2019 | |||||||
|
Jan. 01
|
M/s Uma Dutt, Mumbai |
|
|
|
|
||
| 1,000 Registers @ Rs. 80 each |
80,000
|
|
|
|
|||
|
|
50 Reams Paper@ Rs. 250per ream |
12,500
|
|
|
|
||
|
|
92,500
|
|
|
|
|||
|
|
Less: 10% T.D. |
23,125
|
|
|
|
||
|
|
69,375
|
|
|
|
|||
|
|
Add: IGST @ 5% |
3,469
|
|
|
|
||
|
|
|
|
|
||||
|
72,844
|
69,375
|
3,469
|
72,844
|
||||
|
|
|
|
|
|
|||
|
Jan. 08
|
BILT, Delhi |
|
|
|
|
||
|
|
100 Reams Ruled Paper @ Rs. 600 per ream |
60,000
|
|
|
|
||
|
|
Less: 15% T.D. |
9,000
|
|
|
|
||
|
|
51,000
|
|
|
|
|||
|
|
Add: IGST @ 5% |
2,550
|
|
|
|
||
|
|
|
|
|
||||
|
|
53,550
|
51,000
|
2,550
|
53,550
|
|||
|
Jan. 25
|
Hari Ram, Delhi |
|
|
|
|
||
|
|
1,000 Pens @ Rs. 10 each |
10,000
|
|
|
|
||
|
|
Less: 15% T.D. |
1,500
|
|
|
|
||
|
|
8,500
|
|
|
|
|||
|
|
Add: IGST @ 5% |
425
|
|
|
|
||
|
|
8,925
|
8,500
|
425
|
8,925
|
|||
| Jan. 31 |
1,28,875
|
6,444
|
1,35,319
|
||||
|
|
|
|
|||||
|
Sales Book of Rahul, Bengaluru |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details |
Sales Value (₹) |
Output IGST (₹) |
Output CGST (₹) |
Output SGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
Jan. 02 |
Shri Dayal, Bengalur |
|
|
|
||||||
|
|
250 Registers @ Rs. 85 each |
|
21,250 |
|
||||||
|
|
5 Reams Paper @ Rs. 300 per ream |
|
1,500 |
|
||||||
|
|
|
|
22,750 |
|
||||||
|
|
Add: 2.5% CGST |
|
569 |
|
||||||
|
|
|
|
23,888 |
22,750 |
- | 569 | 569 | 23,888 | ||
|
Jan. 12 |
M/s.Gupta Bros., Delhi |
|
||||||||
|
|
250 Registers @ Rs. 85 each |
|
21,250 |
|
||||||
|
|
50 Reams Ruled Paper @ Rs. 700 per ream |
|
35,000 |
|
||||||
|
|
|
|
56,250 |
|
||||||
|
|
Less: 5% Trade Discount |
|
(2,812) |
|
||||||
|
|
|
|
53,438 |
|
||||||
| Add: 5% IGST | 2,672 | |||||||||
| 56,110 | 53,438 | 2,672 | - | - | 56,110 | |||||
|
Jan. 18 |
Ram Saran Das |
|
|
|
||||||
|
|
20 copies Double Entry Book Keeping @ Rs. 85 each |
|
1,700 |
|
||||||
|
|
1,700 |
- | - | - | 1,700 | |||||
|
Jan. 31 |
Rishi Kumar, Bengaluru |
|
|
|
||||||
| 300 Registers @ Rs. 90 each | 27,000 | |||||||||
| 50 Reams Ruled Paper @ Rs. 700 per ream | 35,000 | |||||||||
| 20 Reams Paper @ Rs. 300 per ream | 6,000 | |||||||||
| 68,000 | ||||||||||
| Less: 10% Trade Discount | 6,800 | |||||||||
| 61,200 | ||||||||||
| Add: 2.5% CGST | 1,530 | |||||||||
| 2.5% SGST | 1,530 | |||||||||
|
|
|
|
64,260 |
61,200 |
- | 1,530 | 1,530 | 64,260 | ||
|
Jan. 31 |
|
|
|
|
1,39,088 |
2,672 | 2,099 | 2,099 | 1,45,958 | |
|
|
|
|
|
|
||||||
Page No 11.45:
Question 9:
Prepare Purchases Return Book of Aruna Stores, Kolkata from the following transactions and post them into Ledger:
| 2019 | |
| Jan. 10 | Returned to Sohan & Sons, Kolkata: |
| 10 Rohtas fans 36'' @ ₹ 1,250 each | |
| Trade Discount 10% | |
| CGST and SGST was paid @ 6% each | |
| Jan. 25 | Returned to Ram & Co., Delhi: |
| 25 Tubelights @ ₹ 200 each | |
| IGST was paid @ 12% |
Answer:
|
Books of Aruna Stores Purchases Return Book |
||||||||||
|
Date |
Particulars |
Debit Note No |
L.F. |
Details (₹) |
Cost (₹) |
Input CGST (₹) |
Input CGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
|
|||||
|
Jan.10 |
Sohan & Sons, Kolkata |
|
|
|
|
|||||
|
|
10 Rohtas Fan 36” @ 1,250 each |
|
|
12,500 |
|
|||||
|
|
Less: 10% Trade Discount |
|
|
(1,250) |
|
|||||
|
|
|
|
|
11,250 |
|
|||||
| Add: 6% CGST | 675 | |||||||||
| 6% SGST | 675 | |||||||||
| 12,600 | 11,250 | 675 | 675 | - | 12,600 | |||||
|
Jan.25 |
Ram & Co. |
|
|
|
|
|||||
| 25 Tubelights @ Rs. 200 each | 5,000 | |||||||||
| Add: 12% IGST | 600 | |||||||||
|
|
|
|
|
5,600 |
5,000 |
- | - | 600 | 5,600 | |
|
Jan. 31 |
|
|
|
16,250 | 675 | 675 | 600 | 18,200 | ||
|
|
|
|
|
|
|
|||||
Page No 11.46:
Question 10:
Record the following transactions in the Purchases Return Book of Kamla Stores, Delhi for April, 2019:
| 2019 | |
| April 6 | Returned goods to Ramesh Brothers, Delhi purchased for ₹ 5,000 plus CGST and SGST @ 6% each |
| April 8 | Returned goods to Sohan Brothers, Meerut purchased for ₹ 10,000 plus IGST @ 12% |
| April 17 | Returned goods to Mahesh Brothers of ₹ 2,000 plus CGST and SGST @ 6% each |
Answer:
|
Books of Kamla Stores Purchases Return Book |
||||||||||
|
Date |
Particulars |
Debit Note No |
L.F. |
Details (₹) |
Cost (₹) |
Input CGST (₹) |
Input SGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|||||||
|
April 06 |
Ramesh Brothers, Delhi |
|
|
5,000 | ||||||
| Add: 6% CGST | 300 | |||||||||
| 6% SGST | 300 | |||||||||
| 5,600 | 5,000 | 300 | 300 | - | 5,600 | |||||
|
April 08 |
Sohan Brothers, Meerut |
|
|
10,000 | ||||||
| Add: 12% IGST | 1,200 | |||||||||
| 11,200 | 10,000 | - | - | 1,200 | 11,200 | |||||
| April 17 | Mahesh Brothers | 2,000 | ||||||||
| Add: 6% CGST | 120 | |||||||||
| 6% SGST | 120 | |||||||||
|
|
|
|
|
2,240 | 2,000 | 120 | 120 | - | 2,240 | |
|
April 30 |
|
|
17,000 | 420 | 420 | 1,200 | 19,040 | |||
|
|
|
|
|
|||||||
Page No 11.46:
Question 11:
Prepare Sales Return Book of Shiv Shankar, Delhi from the following transactions and post them into Ledger:
| 2019 | |
| Feb. 10 | Rama Stores, Delhi returned: |
| 2 Televisions Sony sold @ ₹ 20,000 each plus CGST and SGST @ 9% each | |
| Feb. 20 | Sohan Singh & Co. Dehradun returned: |
| 3 Washing Machines Videocon sold @ ₹ 10,000 each plus IGST @ 18% |
Answer:
|
Sales Return Book of Shiv Shankar, Delhi |
||||||||||
|
Date |
Particulars |
Credit Note No. |
L.F. |
Details (₹) |
Sales Value (₹) |
Output CGST (₹) |
Output SGST (₹) |
Output IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
|
|||||
|
Feb.10 |
Rama Stores, Delhi |
|
|
|
|
|||||
|
|
2 Television Sony sold @ Rs. 20,000 each |
|
|
40,000 |
|
|||||
| Add: 9% CGST | 3,600 | |||||||||
| 9% SGST | 3,600 | |||||||||
|
|
|
|
|
47,200 |
40,000 |
3,600 | 3,600 | - | 47,200 | |
|
Feb.20 |
Sohan Singh & Co., Dehradun |
|
|
|
|
|||||
| 3 Washing Machines Videocon sold @ Rs. 10,000 each | 30,000 | |||||||||
| Add: 18% IGST | 5,400 | |||||||||
|
|
|
|
35,400 |
30,000 |
- | - | 5,400 | 35,400 | ||
|
Feb. 28 |
|
|
|
70,000 |
3,600 | 3,600 | 5,400 | 82,600 | ||
|
|
|
|
|
|
|
|||||
Page No 11.46:
Question 12:
Enter the following transactions in the Sales Return Book of Raj Computers, Delhi:
| 2018 | |
| July 1 | Sohan & Sons returned 2 Laptops HP sold @ ₹ 40,000 each plus CGST and SGST @ 6% each |
| July 2 | Ramesh & Sons, Noida returned 2 'Ricoh' printers sold @ ₹ 10,000 each plus IGST @ 12% |
| July 25 | Dinesh, Chandigarh returned 10 HP Desktops sold @ ₹ 20,000 each plus IGST @ 12% for delayed supply |
| July 26 | Computer Mouse returned by Ravi, Delhi sold to him for cash ₹ 2,000 plus CGST and SGST @ 6% each |
Write up the Ledger Accounts.
Answer:
|
Sales Return Book of Raj Computers, Delhi |
||||||||||
|
Date |
Particulars |
Credit Note No |
L.F. |
Details (Rs) |
Sales Value (Rs) |
Output CGST (Rs.) |
Output SGST (Rs.) |
Output IGST (Rs.) |
Total (Rs.) |
|
|
2018 |
|
|
|
|
|
|||||
|
July 01 |
Sohan & Sons, Delhi |
|
|
|
|
|||||
|
|
2 Laptops HP sold @ Rs. 40,000 each |
|
|
80,000 |
||||||
| Add: 6% CGST | 4,800 | |||||||||
| 6% SGST | 4,800 | |||||||||
| 89,600 | 80,000 | 4,800 | 4,800 | - | 89,600 | |||||
|
|
|
|
|
|
||||||
|
July 02 |
Ramesh & Sons, Noida |
|
|
|
||||||
|
|
2 Ricoh Printers sold @ Rs. 10,000 each |
|
|
20,000 |
||||||
| Add: 12% IGST | 2,400 | |||||||||
| 22,400 | 20,000 | - | - | 2,400 | 22,400 | |||||
|
|
|
|
|
|
||||||
|
July 25 |
Dinesh, Chandigarh |
|
|
|
||||||
|
|
10 HP Desktop sold @ Rs. 20,000 each |
|
|
2,00,000 |
||||||
| Add:12% IGST | 24,000 | |||||||||
|
|
|
|
|
2,24,000 |
2,00,000 | - | - | 24,000 | 2,24,000 | |
|
July 31 |
|
|
|
3,00,000 | 4,800 | 4,800 | 26,400 | 3,36,000 | ||
|
|
|
|
|
|
|
|||||
Page No 11.46:
Question 13:
Prepare Returns Inward and Return Outward Books of Manoj, Mumbai from the following transactions and post them into Ledger Accounts:
| 2019 | |
| March 1 | Mathur Bros., New Delhi, returned: |
| 5 pairs of Shoes for being defective @ ₹ 2,000 per pair | |
| Less: Trade Discount 10%, IGST was charged @ 18% | |
| March 5 | Returned to Kanpur Leather Private Ltd., Kanpur: |
| 100 pairs of Chappals being not up to the approved sample. They were purchased @ ₹ 300 per pair | |
| Less: Trade Discount 15% | |
| IGST was paid @ 18% | |
| March 12 | Baluja Shoes Co., Mumbai, returned 12 pairs of ladies chappals sold to them @ ₹ 4,000 per pair |
| Less: Trade Discount 10%, CGST and SGST was charged @ 9% each | |
| March 20 | Returned to Bata Shoes Pvt Ltd., Mumbai: |
| 100 pairs B.S.C Canvas Shoes @ ₹ 500 per pair | |
| Less: Trade Discount 15% | |
| CGST and SGST was paid @ 9% each |
Answer:
|
Returns Inward Book |
|||||||||
|
Date |
Particulars |
Credit Note No |
L.F. |
Details (₹) |
Sales Value (₹) |
Output CGST (₹) |
Output SGST (₹) |
Output IGST (₹) |
Total (₹) |
|
2019 |
|
|
|
|
|
||||
|
March 01 |
Mathur Bros., New Delhi |
|
|
|
|
||||
|
|
5 pairs of Shoes @ Rs 2,000 per pair |
|
|
10,000 |
|
||||
|
|
Less: 10% Trade Discount |
|
|
(1,000) |
|
||||
|
|
|
|
|
9,000 |
|
||||
| Add: 18% IGST | 1,620 | ||||||||
| 10,620 | 9,000 | - | - | 1,620 | 10,620 | ||||
|
March 12 |
Baluja Shoes Co., Delhi |
|
|
|
|
||||
|
|
12 pairs of Ladies Chappals @ Rs 4,000 per pair |
|
|
48,000 |
|
||||
|
|
Less: 10% Trade Discount |
|
|
(4,800) |
|
||||
|
|
|
|
|
43,200 |
|
||||
| Add: 9% CGST | 3,888 | ||||||||
|
|
9% SGST |
3,888 | |||||||
|
|
|
50,976 |
43,200 |
3,888 | 3,888 | - | 50,976 | ||
|
March 31 |
|
|
|
|
52,200 |
3,888 | 3,888 | 1,620 | 61,596 |
|
|
|
|
|
|
|
||||
|
Returns Outward Book |
||||||||||
|
Date |
Particulars |
Debit Note No |
L.F. |
Details (₹) |
Cost (₹) |
Input CGST (₹) |
Input SGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
|
|||||
|
March 05 |
Kanpur Leather Private Ltd., Kanpur |
|
|
|
|
|||||
|
|
100 pairs of Chappals @ Rs 300 per pair |
|
|
30,000 |
|
|||||
|
|
Less: 15% Trade Discount |
|
|
(4,500) |
|
|||||
|
|
|
|
|
25,500 |
|
|||||
| Add: 18% IGST | 4,590 | |||||||||
| 30,090 | 25,500 | - | - | 4,590 | 30,090 | |||||
|
March 20 |
Bata Shoes Pvt. Ltd., Mumbai |
|
|
|
|
|||||
|
|
100 pairs B.S.C Canvas Shoes @ Rs 500 per pair |
|
|
50,000 |
|
|||||
|
Less: 15% Trade Discount |
(7,500) | |||||||||
| 42,500 | ||||||||||
| Add: 9% CGST | 3,825 | |||||||||
| 9% SGST | 3,825 | |||||||||
|
|
|
|
|
50,150 |
42,500 |
3,825 | 3,825 | - | 50,150 | |
|
|
Return Outward A/c |
Cr. |
|
|
|
68,000 |
3,825 | 3,825 | 4,590 | 80,240 |
|
|
|
|
|
|
|
|||||
Page No 11.47:
Question 14:
(Closing Entries). Give the necessary entries in the Journal Proper of Ram on 31st March, 2019 to close their books:
Freehold Premises ₹ 30,000; Plant and Machinery ₹ 20,000; Sundry Debtors ₹ 25,000; Purchases ₹ 37,500; Sales ₹ 95,000; Discount (Dr.) ₹ 150; Discount (Cr.) ₹ 175; Sundry Creditors ₹ 12,500; Carriage Inwards ₹ 375; Carriage Outwards ₹ 600; Furniture and Fixtures ₹ 2,500; Wages ₹ 5,000; Bad debts ₹ 750; Salaries ₹ 3,600; Commission (Cr.) ₹ 2,125; Capital Account − ₹ 25,000; Bills Payable ₹ 7,500; Bills Receivable ₹ 9,000; Trade Expenses ₹ 2,550; Ram's Loan Account ₹ 20,000; Cash in Hand ₹ 75; Cash at Bank ₹ 3,125.
Answer:
|
Journal
|
|||||
|
Date
|
Particulars
|
L.F.
|
Debit
Amount
(Rs)
|
Credit
Amount
(Rs)
|
|
|
|
Trading A/c |
Dr.
|
42,875
|
|
|
|
|
To Purchases A/c |
|
|
37,500
|
|
|
|
To Carriage Inwards A/c |
|
|
375
|
|
|
|
To Wages A/c |
|
|
5,000
|
|
|
|
(Direct expenses debited to Trading A/c) |
|
|
|
|
|
|
|
|
|
||
|
|
Sales A/c |
Dr.
|
95,000
|
|
|
|
|
To Trading A/c |
|
|
95,000
|
|
|
|
(Sales credited to Trading A/c) |
|
|
||
|
|
|
|
|
||
|
|
Trading A/c |
Dr.
|
52,125
|
|
|
|
|
To Profit & Loss A/c |
|
|
52,125
|
|
|
|
(Transfer of gross profit to Profit &Loss A/c) |
|
|
|
|
|
|
|
|
|
||
|
|
Profit & Loss A/c |
Dr.
|
7,650
|
|
|
|
|
To Discount A/c |
|
|
150
|
|
|
|
To Carriage Outwards A/c |
|
|
600
|
|
|
|
To Bad Debts A/c |
|
|
750
|
|
|
|
To Salaries A/c |
|
|
3,600
|
|
|
|
To Trade Expenses A/c |
|
|
2,550
|
|
|
|
(Indirect expenses debited to P&L A/c) |
|
|
|
|
|
|
|
|
|
||
|
|
Discount A/c |
Dr.
|
175
|
|
|
|
|
Commission A/c |
Dr.
|
2,125
|
|
|
|
|
To Profit & Loss A/c |
|
|
2,300
|
|
|
|
(Indirect incomes credited to P&L A/c) |
|
|
|
|
|
|
|
|
|
||
|
|
Profit & Loss A/c |
Dr.
|
46,775
|
|
|
|
|
To Capital A/c |
|
|
46,775
|
|
|
|
(Transfer of net profit to Capital A/c) |
|
|
|
|
Page No 11.47:
Question 15:
(Transfer Entries). Give the Journal entries for the following:
(i) Gross Profit of ₹ 32,000 from Trading Account to Profit and Loss Account.
(ii) Net Profit of ₹ 14,500 to Capital Account of Sri Sankar Saha.
(iii) Sri Sankar Saha draws ₹ 10,000 from his Capital Account.
(iv) Purchases Return of ₹ 7,000 plus IGST @ 12%.
(v) Sales Return of ₹ 6,000 plus CGST and SGST @ 6% each.
Answer:
|
Journal
|
|||||
|
Date
|
Particulars
|
L.F.
|
Debit
Amount
(Rs)
|
Credit
Amount
(Rs)
|
|
|
(i)
|
Trading A/c |
Dr.
|
32,000
|
|
|
|
|
To Profit & Loss A/c |
|
|
32,000
|
|
|
|
(Transfer of gross profit to Profit &Loss A/c) |
|
|
|
|
|
|
|
|
|
||
|
(ii)
|
Profit & Loss A/c |
Dr.
|
14,500
|
|
|
|
|
To Sri Sankar Saha’s Capital A/c |
|
|
14,500
|
|
|
|
(Transfer of net profit to Capital A/c) |
|
|
|
|
|
|
|
|
|
||
|
(iii)
|
Sri Sankar Saha’s Capital A/c | Dr. |
10,000
|
|
|
|
|
To Drawings A/c |
|
|
10,000
|
|
|
|
(Withdrawals from capital) |
|
|
|
|
|
|
|
|
|
||
|
(iv)
|
Cash A/c |
Dr.
|
7,840
|
|
|
|
|
To Purchases Return A/c |
|
|
7,000
|
|
|
|
To Input IGST A/c |
|
|
840
|
|
|
|
(Goods returned by us) |
|
|
|
|
|
|
|
|
|
||
|
(v)
|
Sales Return A/c |
Dr.
|
6,000
|
|
|
|
|
Output CGST A/c |
Dr.
|
360
|
|
|
|
|
Output SGST A/c |
Dr.
|
360
|
|
|
|
|
To Cash A/c |
|
|
6,720
|
|
|
|
(Goods returned by customers) |
|
|
|
|
Page No 11.47:
Question 16:
(Adjustment Entries) From the following information available on 31st March, 2019, pass the necessary Adjustment Entries in the Journal for the year ending on that date:
(i) Interest accrued ₹ 2,500.
(ii) Wages for March, 2019 outstanding ₹ 10,000.
(iii) Insurance prepaid ₹ 1,500.
(iv) Commission due to manager 6% on net profit after charging such commission. The profit before charging such commission was ₹ 1,06,000.
(v) Interest due on loan but not paid. Loan of ₹ 1,50,000 was taken at 9% p.a. 9 months before end of the year.
Answer:
|
Journal |
||||||
|
S. No. |
Particulars |
L.F. |
Debit Amount (₹) |
Credit Amount (₹) |
||
|
2019 |
|
|
|
|
||
|
March 31 |
Accrued Interest A/c |
Dr. |
|
2,500 |
|
|
|
|
To Interest A/c |
|
|
2,500 |
||
|
|
(Interest accrued) |
|
|
|
||
|
|
|
|
|
|
||
|
March 31 |
Wages A/c |
Dr. |
|
10,000 |
|
|
|
|
To Wages Outstanding A/c |
|
|
10,000 |
||
|
|
(Wages for the month of March outstanding) |
|
|
|
||
|
|
|
|
|
|
||
|
March 31 |
Prepaid Insurance A/c |
Dr. |
|
1,500 |
|
|
|
|
To Insurance A/c |
|
|
1,500 |
||
|
|
(Insurance paid in advance) |
|
|
|
||
|
|
|
|
|
|
||
|
March 31 |
Manager’s Commission A/c |
Dr. |
|
6,000 |
|
|
|
|
To Manager’s Commission Payable A/c |
|
|
6,000 |
||
|
|
(Manager Commission Charged on Net Profit) |
|
|
|
||
|
|
Note: |
|
|
|
||
|
|
|
|
|
|
||
|
|
|
|
|
|
||
|
March 31 |
Interest on Loan A/c |
Dr. |
|
10,125 |
|
|
|
|
To Interest Outstanding A/c |
|
|
10,125 |
||
|
|
(Interest on Loan Outstanding for 9 months) |
|
|
|
||
|
|
Note: |
|
|
|
||
|
|
|
|
|
|
||
Page No 11.48:
Question 17:
Enter the following transactions in proper Subsidiary Books of Ram, Lucknow (UP) for the month of January 2019:
| 2019 | ₹ | |
| Jan. 1 | Sold goods to Ramesh of Delhi for ₹ 15,000, charged IGST @ 12% | |
| Jan. 1 | Bought goods from Hari Ram, Kanpur (UP) for ₹ 8,000, plus CGST and SGST @ 6% each | |
| Jan. 2 | Ramesh returned goods | 1,000 |
| Jan. 2 | Sold goods to Dina Nath, Lucknow of ₹ 10,000, charged CGST and SGST @ 6% each | |
| Jan. 2 | Purchased goods form Mangal, Kolkata of ₹ 50,000, plus IGST @ 12% | |
| Jan. 4 | Returned goods to Mangal | 5,000 |
| Jan. 4 | Sold goods to Zakir Hussain, Lucknow of ₹ 5,000 plus CGST and SGST @ 6% each | |
| Jan. 5 | Zakir Hussain returned goods | 500 |
| Jan. 7 | Returned goods to Hari Ram | 500 |
| Jan. 9 | Purchased goods from Raghunath, Delhi of ₹ 10,000 subject to a Trade Discount of 10%, plus IGST @ 12% | |
| Jan. 10 | Sold goods to Raja Ram subject to Trade Discount of 5%, charged CGST and SGST @ 6% each | 5,000 |
Answer:
|
Books of Ram Sales Book |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (₹) |
Amount (₹) |
Output CGST (₹) |
Output SGST (₹) |
Output IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
Jan.01 |
Ramesh,Delhi |
|
15,000 |
|
||||||
| Add: 12% IGST | 1,800 | |||||||||
| 16,800 | 15,000 | - | - | 1,800 | 16,800 | |||||
|
Jan.02 |
Dina Nath, Lucknow |
|
10,000 |
|||||||
| Add: 6% CGST | 600 | |||||||||
| 6% SGST | 600 | |||||||||
| 11,200 | 10,000 | 600 | 600 | - | 11,200 | |||||
|
Jan.04 |
Zakir Hussain, Lucknow |
|
5,000 |
|||||||
| Add: 6% CGST | 300 | |||||||||
| 6% SGST | 300 | |||||||||
| 5,600 | 5,000 | 300 | 300 | - | 5,600 | |||||
|
Jan.10 |
Raja Ram |
|
5,000 |
|||||||
|
|
Less: 5% Trade Discount |
|
250 |
|||||||
|
|
|
|
4,750 | |||||||
| 285 | ||||||||||
| 285 | ||||||||||
|
|
|
|
5,320 | 4,750 | 285 | 285 | - | 5,320 | ||
|
Jan 31 |
|
|
34,750 | 1,185 | 1,185 | 1,800 | 38,920 | |||
|
|
|
|
|
|
||||||
|
Purchases Book |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (₹) |
Amount (₹) |
Input CGST (₹) |
Input SGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
Jan.01 |
Hari Ram, Kanpur (UP) |
|
8,000 |
|
||||||
| Add: 6% CGST | 480 | |||||||||
| 6% SGST | 480 | |||||||||
| 8,960 | 8,000 | 480 | 480 | - | 8,960 | |||||
|
Jan.02 |
Mangal, Kolkata |
|
50,000 |
|||||||
| Add: 12% IGST | 6,000 | |||||||||
| 56,000 | 50,000 | - | - | 6,000 | 56,000 | |||||
| Jan.09 | Raghunath, Delhi |
|
10,000 |
|||||||
| Less: 10% Trade Discount | 1,000 | |||||||||
| 9,000 | ||||||||||
|
|
Add: 12% IGST |
|
1,080 | |||||||
|
|
|
|
10,080 | 9,000 | - | - | 1,080 | 10,080 | ||
|
Jan.31 |
|
|
67,000 | 480 | 480 | 7,080 | 75,040 | |||
|
|
|
|
|
|
||||||
|
Sales Return Book |
||||||||||
|
Date |
Particulars |
Credit Note No. |
L.F. |
Details (₹) |
Amount (₹) |
Output CGST (₹) |
Output SGST (₹) |
Output IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
Jan.02 |
Ramesh, Delhi |
|
1,000 |
|||||||
| Add: 12% IGST | 120 | |||||||||
| 1,120 | 1,000 | - | - | 120 | 1,120 | |||||
|
Jan.05 |
Zakir Hussain, Lucknow |
|
500 |
|||||||
| Add: 6% CGST | 30 | |||||||||
| 6% SGST | 30 | |||||||||
|
|
560 |
500 | 30 | 30 | - | 560 | ||||
|
Jan.31 |
|
|
1,500 | 30 | 30 | 120 | 1,680 | |||
|
|
|
|
|
|
||||||
|
Purchases Return Book |
||||||||||
|
Date |
Particulars |
Debit Note No. |
L.F. |
Details (₹) |
Amount (₹) |
Input CGST (₹) |
Input SGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|||||||
|
Jan.04 |
Mangal, Kolkata |
|
5,000 |
|||||||
| Add: 12% IGST | 600 | |||||||||
| 5,600 | 5,000 | - | - | 600 | 5,600 | |||||
| Jan.07 | Hari Ram, Kanpur (UP) | 500 | ||||||||
| Add: 6% CGST | 30 | |||||||||
| 6% SGST | 30 | |||||||||
|
|
|
|
560 |
500 | 30 | 30 | - | 560 | ||
|
Jan.31 |
|
|
5,500 | 30 | 30 | 600 | 6,160 | |||
|
|
|
|
|
|
||||||
Page No 11.48:
Question 18:
Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for April, 2019 and post the totals in the Ledger.
| 2019 | |
| April 1 | Purchased from Ram Prasad, Chennai: |
| 100 metres Silk @ ₹ 400 per metre | |
| 75 metres Velvet @ ₹ 150 per metre | |
| Plus IGST @ 12% | |
| April 10 | Sold to Rati Ram, Ahmedabad: |
| 60 metres Silk @ ₹ 500 per metre | |
| 10 metres Velvet @ ₹ 200 per metre | |
| Charged IGST @ 12% | |
| April 12 | Sold to Ramaswami, Kochi |
| 10 metres Silk @ ₹ 550 per metre | |
| 10 metres Velvet @ ₹ 200 per metre | |
| Charged CGST and SGST @ 6% each | |
| April 18 | Roop Narain & Sons Kochi purchased from us: |
| 10 metres Silk @ ₹ 550 per metre | |
| 5 metres Velvet @ ₹ 200 per metre | |
| Allowed Trade Discount 10%, charged CGST and SGST @ 6% each | |
| April 22 | Purchased from Man Mohan Lal, Varanasi: |
| Shirting Cloth ₹ 10,000 | |
| Sarees ₹ 60,000 | |
| Received Trade Discount 10%, plus IGST @ 12% | |
| April 23 | Sold to Brij Mohan & Bros., Mathura: |
| Shirting Cloth ₹ 7,000 | |
| Sarees ₹ 25,000 | |
| Charged IGST @ 12% |
Answer:
|
Purchases Book |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (₹) |
Cost (₹) |
Input CGST (₹) |
Input SGST (₹) |
Input IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
April 01 |
Ram Prasad, Chennai |
|
|
|
||||||
|
|
100 metres Silk @ Rs 400 per metre |
|
40,000 |
|
||||||
|
|
75 metres Velvet @ Rs 150 per metre |
|
11,250 |
|
||||||
|
|
|
|
51,250 |
|
||||||
| Add: 12% IGST | 6,150 | |||||||||
|
|
|
|
57,400 |
51,250 |
- | - | 6,150 | 57,400 | ||
|
April 22 |
Man Mohan Lal, Varanasi |
|
|
|
||||||
|
|
Shirting Cloth |
|
10,000 |
|
||||||
| Saris | 60,000 | |||||||||
|
|
|
|
70,000 |
|
||||||
| Less: 10% Trade Discount | 7,000 | |||||||||
| 63,000 | ||||||||||
| Add: 12% IGST | 7,560 | |||||||||
| 70,560 | 63,000 | - | - | 7,560 | 70,560 | |||||
|
April 30 |
|
|
1,14,250 |
- | - | 13,710 | 1,27,960 | |||
|
|
|
|
|
|
||||||
|
Sales Book |
||||||||||
|
Date |
Particulars |
Invoice No. |
L.F. |
Details (₹) |
Amount (₹) |
Output CGST (₹) |
Output SGST (₹) |
Output IGST (₹) |
Total (₹) |
|
|
2019 |
|
|
|
|
||||||
|
April 10 |
Rati Ram, Ahmedabad |
|
|
|
||||||
|
|
60 metres Silk @ Rs 500 per metre |
|
30,000 |
|
||||||
|
|
10 metres Velvet @ Rs 200 per metre |
|
2,000 |
|
||||||
|
|
|
|
32,000 |
|
||||||
| Add: 12% IGST | 3,840 | |||||||||
| 35,840 | 32,000 | - | - | 3,840 | 35,840 | |||||
|
April 12 |
Ramaswami, Kochi |
|
|
|
||||||
|
10 metres Silk @ Rs 550 per metre |
5,500 | |||||||||
|
|
10 metres Velvet @ Rs 200 per metre |
|
2,000 |
|
||||||
|
|
|
|
7,500 |
|
||||||
| Add: 6% CGST | 450 | |||||||||
| 6% SGST | 450 | |||||||||
| 8,400 | 7,500 | 450 | 450 | - | 8,400 | |||||
|
April 18 |
Roop Narain & Sons, Kochi |
|
|
|
||||||
|
10 metres Silk @ Rs 550 per metre |
5,500 | |||||||||
|
|
5 metres Velvet @ Rs 200 per metre |
|
1,000 |
|
||||||
|
|
|
|
6,500 |
|
||||||
| Less: 10% Tade Discount | 650 | |||||||||
| 5,850 | ||||||||||
| Add: 6% CGST | 351 | |||||||||
| 6% SGST | 351 | |||||||||
| 6,552 | 5,850 | 351 | 351 | - | 6,552 | |||||
| April 23 | Brij Mohan & Bros, Mathura | |||||||||
| Shirting Cloth | 7,000 | |||||||||
|
|
Saris |
|
25,000 |
|
||||||
|
|
32,000 | |||||||||
| Add: 12% IGST | 3,840 | |||||||||
|
|
|
|
35,840 |
32,000 |
- | - | 3,840 | 35,840 | ||
|
April 30 |
|
|
77,350 |
801 | 801 | 7,680 | 86,632 | |||
|
|
|
|
|
|
||||||
|
Purchases Account
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||||
|
April 30
|
Sundries of Purchases | |||||||
|
|
as per Purchases Book | |||||||
|
|
for the month of April |
1,14,250
|
||||||
|
|
|
|||||||
|
|
||||||||
|
Ramprasad , Chennai
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
| April 01 | Purchases | 51,250 | |||||
| April 01 | Input IGST | 6,150 | |||||
|
|
|||||||
|
Man Mohan Lal, Varanasi
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
|
April 22
|
Purchases |
63,000
|
|||||
|
April 22
|
Input IGST |
7,560
|
|||||
|
Rati Ram, Ahmedabad
|
||||||||
| Dr. |
Cr.
|
|||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
|
|
|
|||||
| April 10 | Sales | 32,000 | ||||||
| April 10 | Output IGST | 3,840 | ||||||
|
Ramaswami, Kochi
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
|
April 12
|
Sales |
7,500
|
|||||
| April 12 | Output CGST | 450 | |||||
| April 12 | Output SGST | 450 | |||||
|
|
|||||||
|
Roop Narain & Sons, Kochi
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
| April 18 | Sales | 5,850 | |||||
| April 18 | Output CGST | 351 | |||||
| April 18 | Output SGST | 351 | |||||
|
Brijmohan & Brothers, Mathura
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|
||||||
| April 23 | Sales | 32,000 | |||||
| April 23 | Output IGST | 3,840 | |||||
|
Sales Account |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
|
|
|
2019 |
|
|
|
|
|
|
|
|
April 30 |
Sundries as per the Sales Book for the month of April |
|
77,350 |
|
|
|
|
|
|
|
|
|
|
Input IGST Account |
||||||||
|
Dr. |
Cr. |
|||||||
|
Date |
Particulars |
J.F. |
Amount (₹) |
Date |
Particulars |
J.F. |
Amount (₹) |
|
|
2019 |
|
|
|
|||||
|
April 01 |
Ram Prasad, Chennai |
|
6,150 |
|||||
| April 22 | Man Mohan Lal, Varanasi | 7,560 | ||||||
|
|
|
|
|
|||||
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
| 2019 | |||||||
| April 10 | Rati Ram, Ahmeabad | 3,840 | |||||
| April 10 | Brijmohan & Bros., Mathura | 3,840 | |||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
2019
|
|||||||
| April 12 | Ramaswami, Kochi | 450 | |||||
| April 18 | Roopnarain & Sons, Kochi | 351 | |||||
|
|
|||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
Date
|
Particulars
|
J.F.
|
Amount (₹)
|
|
|
2019
|
||||||
| April 12 | Ramaswami, Kochi | 450 | |||||
| April 18 | Roopnarain & Sons, Kochi | 351 | |||||
Page No 11.49:
Question 19:
Record the following transactions of Prabhat Electric Co., Delhi in the proper subsidiary books:
| 2019 | |||
| Jan. 1 | Sold to Grover & Co., Kanpur: | ||
| 10 Crompton Water Coolers @ ₹ 6,000 each | |||
| 5 Pedestal Fans @ ₹ 2,000 each | |||
| Trade Discount 10%, charged IGST @ 12% | |||
| Jan. 5 | Purchased from Ram & Bros., Delhi: | ||
| 25 Videocon Washing Machines @ 7,000 each | |||
| 10 Wall Fans @ ₹ 1,500 each | |||
| Trade Discount 25%, plus CGST and SGST @ 6% each | |||
| Jan. 10 | Purchased for cash from Raja & Co., Delhi: | ||
| 10 Electric Kettles @ ₹ 750 | |||
| Plus CGST and SGST @ 6% each | |||
| Jan. 15 | Sold to Mahesh Bros., Chandigarh: | ||
| 5 Crompton Water Coolers @ ₹ 7,000 each | |||
| 2 Pedestal Fans @ ₹ 2,500 each | |||
| Charged IGST @ 12% | |||
| Jan. 18 | Returned to Ram & Bros.: | ||
| 2 Videocon Washing Machines being defective | |||
| Jan. 20 | Purchased from Sethi & Co., Delhi: | ||
| 20 Toasters @ ₹ 800 | |||
| They charged CGST and SGST @ 6% each | |||
| Jan. 27 | Mahesh Bros. returned one Crompton Water Cooler, it being defective | ||
Answer:
|
Sales Book
|
|||||||||
|
Date
|
Particulars
|
Bill No.
|
L.F.
|
Details
|
Value
|
Output
CGST
|
Output SGST
|
Output
IGST
|
Total
|
|
Jan 01
|
Grover & Co., Kanpur |
|
|
|
|
|
|||
|
|
10 Crompton Water Coolers @ Rs 6,000 each |
60,000
|
|
|
|
|
|||
|
|
5 Pedastal Fans @ Rs 2,000 each |
10,000
|
|
|
|
|
|||
|
|
70,000
|
|
|
|
|
||||
|
|
Less: 10% T.D. |
7,000
|
|
|
|
|
|||
|
|
63,000
|
|
|
|
|
||||
|
|
Add: IGST @ 12% |
7,560
|
|
|
|
|
|||
|
|
70,560
|
63,000
|
|
–
|
7,560
|
70,560
|
|||
|
Jan 15
|
Mahesh Bros., Chandigarh |
|
|
|
|
|
|
||
|
|
5 Crompton Water Coolers @ Rs 7,000 each |
35,000
|
|
|
|
|
|
||
|
|
2 Pedastal Fans @ Rs 2,500 each |
5,000
|
|
|
|
|
|
||
|
|
40,000
|
|
|
|
|
|
|||
|
|
Add: IGST @ 12% |
4,800
|
|
|
|
|
|
||
|
|
44,800
|
40,000
|
–
|
–
|
4,800
|
44,800
|
|||
|
1,03,000
|
–
|
–
|
12,360
|
1,15,360
|
|||||
|
Purchases Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
|
Cost
|
Input
CGST
|
Input SGST
|
Input
IGST
|
Total
|
|
Jan 05
|
Ram & Bros., Delhi |
|
|
|
|
|
|||
| 25 Videocon Washing Machines @ Rs 7,000 each |
1,75,000
|
||||||||
|
|
10 Wall Fans @ Rs 1,500 each |
15,000
|
|
|
|
|
|||
|
|
1,90,000
|
|
|
|
|
||||
|
|
Less: 25% T.D. |
47,500
|
|
|
|
|
|||
|
|
1,42,500
|
|
|
|
|
||||
|
|
Add: CGST @ 6% |
8,550
|
|
|
|
|
|||
|
|
Add: SGST @ 6% |
8,550
|
|
|
|
|
|||
|
1,59,600
|
1,42,500
|
8,550
|
8,550
|
–
|
1,59,600
|
||||
|
|
|
|
|
|
|
|
|||
|
Jan 20
|
Sethi& Co., Delhi |
|
|
|
|
|
|
||
|
|
20 Toasters @ Rs 800 each |
16,000
|
|
|
|
|
|
||
|
|
Add: CGST @ 6% |
960
|
|
|
|
|
|
||
|
|
Add: SGST @ 6% |
960
|
|
|
|
|
|
||
|
|
17,920
|
16,000
|
960
|
960
|
–
|
17,920
|
|||
|
1,66,000
|
9,510
|
9,510
|
–
|
1,77,520
|
|||||
|
Purchases Return Book
|
|||||||||
|
Date
|
Particulars
|
Debit Note No.
|
L.F.
|
Details
|
Cost
|
Input
CGST
|
Input SGST
|
Input
IGST
|
Total
|
|
Jan 18
|
Ram & Bros., Delhi |
|
|
|
|
|
|
||
|
|
2 Videocon Washing Machines @ Rs 7,000 each |
14,000
|
|
|
|
|
|
||
|
|
Less: 25% T.D. |
3,500
|
|
|
|
|
|
||
|
|
10,500
|
|
|
|
|
|
|||
| Add: CGST @ 6% |
630
|
|
|
|
|
|
|||
|
|
Add: SGST @ 6% |
630
|
|
|
|
|
|
||
|
11,760
|
10,500
|
630
|
630
|
–
|
11,760
|
||||
|
10,500
|
630
|
630
|
–
|
11,760
|
|||||
|
Sales Return Book
|
|||||||||
|
Date
|
Particulars
|
Credit Note No.
|
L.F.
|
Details
|
Value
|
Output
CGST
|
Output SGST
|
Output
IGST
|
Total
|
|
Jan 27
|
Mahesh Bros., Chandigarh |
|
|
|
|
|
|
||
|
|
1 Crompton Water Coolers @ Rs 7,000 each |
7,000
|
|
|
|
|
|
||
|
|
Add: IGST @ 12% each |
840
|
|
|
|
|
|
||
|
7,840
|
7,000
|
–
|
–
|
840
|
7,840
|
||||
|
|
|
|
|
|
|
|
|||
|
1,500
|
30
|
30
|
120
|
1,680
|
|||||
Page No 11.49:
Question 20:
R. Chetan, Kolkata has the following balances in his books on 1st March, 2019:
Cash ₹ 15,400; Cash at Bank ₹ 82,500; Stock ₹ 1,92,500; Plant and Machinery ₹ 4,40,000.
Sundry Debtors: Rajesh ₹ 27,500; James ₹ 13,750.
Sundry Creditors: Rao ₹ 19,250, Samanta; ₹ 35,750; Capital ₹ 7,16,650.
The following are the transactions for the month of March 2019:
| 2019 | ₹ | |
| March 1 | Cash Sales* | 2,000 |
| March 2 | Purchases machinery by cheque* | 5,000 |
| March 4 | Paid salaries by cheque | 2,750 |
| March 7 | Paid wages | 440 |
| March 9 | Rajesh settled his account by cheque less 5% discount | |
| March 11 | Sold goods on credit to James, Patna** | 10,000 |
| March 13 | Sent a credit note to James for goods returned** (Including IGST reversed) | 2,240 |
| March 18 | Paid to Rao by cheque in full settlement | 18,000 |
| March 20 | Took loan from Bank of Baroda | 50,000 |
| March 22 | Withdrawn from bank for personal purposes | 2,500 |
| March 25 | Bought goods from Samanta, Delhi** | 5,000 |
| March 27 | Paid corporation tax by cheque | 1,155 |
| March 30 | Cash sales (Including CGST and SGST @ 6% each) and paid into bank | 4,480 |
| March 31 | All cash in hand, with the exception of ₹ 825 retained for change, was paid into the bank |
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each. Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
Record these transactions in his subsidiary books, post to the Ledger and prepare a Trial Balance as on 31st March, 2019.
Answer:
|
Cash Book
|
|
||||||||
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
|
2019
|
|
2019
|
|
||||||
|
March 01
|
To Balance b/d |
15,400
|
82,500
|
March 02
|
By Machinery |
5,000
|
|||
|
March 01
|
To Sales A/c |
2,000
|
|
March 02
|
By Input CGST |
300
|
|||
|
March 01
|
To Output CGST |
120
|
|
March 02
|
By Input SGST |
300
|
|||
|
March 01
|
To Output SGST |
120
|
|
March 04
|
By Salaries |
2,750
|
|||
|
March 09
|
To Rajesh |
26,125
|
March 07
|
By Wages A/c |
440
|
||||
|
March 20
|
To Bank Loan A/c |
50,000
|
March 18
|
By Rao |
18,000
|
||||
| March 30 | To Sales A/c |
4,000
|
|
March 22
|
By Drawings |
2,500
|
|||
| March 30 | To Output CGST |
240
|
|
March 27
|
By Corporation Tax A/c |
1,155
|
|||
| March 30 | To Output SGST |
240
|
|
March 31
|
By Bank A/c |
C
|
21,295
|
|
|
| March 31 | To Cash A/c |
C
|
21,295
|
March 31
|
By Balance c/d |
825
|
1,49,475
|
||
|
22,120
|
1,79,920
|
22,120
|
1,79,920
|
||||||
|
|
|
||||||||
|
Purchases Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Cost
(₹)
|
Input CGST
(₹)
|
Input SGST
(₹)
|
Input IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
Mar 25
|
Samanta, Delhi |
|
5,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
600
|
|
|
|
|
|
|
|
|
|
5,600
|
5,000
|
–
|
–
|
600
|
5,600
|
||
| Mar 31 |
|
|
5,000
|
–
|
–
|
600
|
5,600
|
||
|
|
|
|
|
|
|
|
|||
|
Sales Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Value
(₹)
|
Output CGST
(₹)
|
Output SGST
(₹)
|
Output IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
Mar 11
|
James Patna |
|
10,000
|
|
|
|
|
|
|
|
|
Add: Output IGST @12% |
|
1,200
|
|
|
|
|
|
|
|
|
|
11,200
|
10,000
|
–
|
–
|
1,200
|
11,200
|
||
| Mar 31 |
|
|
10,000
|
–
|
–
|
1,200
|
11,200
|
||
|
|
|
|
|
|
|
|
|||
|
Sales Return Book
|
|||||||||
|
Date
|
Particulars
|
Credit Note No.
|
L.F.
|
Details
(₹)
|
Value
(₹)
|
Output CGST
(₹)
|
Output SGST
(₹)
|
Output IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
Mar 13
|
James Patna |
|
2,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
–
|
|
240
|
|
|
|
|
|
|
|
|
2,240
|
2,000
|
–
|
–
|
240
|
2,240
|
||
| Mar 31 |
|
|
2,000
|
–
|
–
|
240
|
2,240
|
||
|
|
|
|
|
|
|
|
|||
|
Stock Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 01
|
To Balance b/d |
1,92,500
|
March 31
|
By Balance c/d |
1,92,500
|
||
|
1,92,500
|
1,92,500
|
||||||
|
Plant and Machinery Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 01
|
To Balance b/d |
4,40,000
|
March 31
|
By Balance c/d |
4,40,000
|
||
|
4,40,000
|
4,40,000
|
||||||
|
Rajesh
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 01
|
To Balance b/d |
27,500
|
March 09
|
By Bank A/c |
26,125
|
||
| March 09 | By Discount Allowed A/c |
1,375
|
|||||
|
27,500
|
27,500
|
||||||
|
James
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 01
|
To Balance b/d |
13,750
|
March 13
|
By Sales Return A/c |
2,000
|
||
|
March 11
|
To Sales A/c |
10,000
|
March 13
|
By Output IGST A/c |
240
|
||
|
March 11
|
To Output IGST A/c |
1,200
|
March 31
|
By Balance c/d |
22,710
|
||
|
24,950
|
24,950
|
||||||
|
Rao
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 18
|
To Bank A/c |
18,000
|
March 01
|
By Balance b/d |
19,250
|
||
|
March 18
|
To Discount Received A/c |
1,250
|
|||||
|
19,250
|
19,250
|
||||||
|
Samanta
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
41,350
|
March 01
|
By Balance b/d |
35,750
|
||
|
March 25
|
By Purchases A/c |
5,000
|
|||||
| March 25 | By Input IGST A/c |
600
|
|||||
|
41,350
|
41,350
|
||||||
|
Salaries Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 04
|
To Bank A/c |
2,750
|
March 31
|
By Balance c/d |
2,750
|
||
|
2,750
|
2,750
|
||||||
|
Wages Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 07
|
To Cash A/c |
440
|
March 31
|
By Balance c/d |
440
|
||
|
440
|
440
|
||||||
|
Discount Allowed Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 09
|
To Rajesh |
1,375
|
March 31
|
By Balance c/d |
1,375
|
||
|
1,375
|
1,375
|
||||||
|
Discount Received Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
1,250
|
March 18
|
By Rao |
1,250
|
||
|
1,250
|
1,250
|
||||||
|
Bank Loan Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
50,000
|
March 20
|
By Bank A/c |
50,000
|
||
|
50,000
|
50,000
|
||||||
|
Drawings Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 22
|
To Bank A/c |
2,500
|
March 31
|
By Balance c/d |
2,500
|
||
|
2,500
|
2,500
|
||||||
|
Corporation Tax Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 27
|
To Bank A/c |
1,155
|
March 31
|
By Balance c/d |
1,155
|
||
|
1,155
|
1,155
|
||||||
|
Input IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 25
|
To Samanta |
600
|
March 31
|
By Balance c/d |
600
|
||
|
600
|
600
|
||||||
|
Capital Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
7,16,650
|
March 01
|
By Balance b/d |
7,16,650
|
||
|
7,16,650
|
7,16,650
|
||||||
|
Sales Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
16,000
|
March 01
|
By Cash A/c |
2,000
|
||
|
March 30
|
By Cash A/c |
4,000
|
|||||
|
March 31
|
By Sundries from Sales Book |
10,000
|
|||||
|
16,000
|
16,000
|
||||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
360
|
March 01
|
By Cash A/c |
120
|
||
|
March 30
|
By Cash A/c |
240
|
|||||
|
360
|
360
|
||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Balance c/d |
360
|
March 01
|
By Cash A/c |
120
|
||
|
March 30
|
By Cash A/c |
240
|
|||||
|
360
|
360
|
||||||
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 13
|
To James |
240
|
March 11
|
By James |
1,200
|
||
|
March 31
|
To Balance c/d |
960
|
|||||
|
1,200
|
1,200
|
||||||
|
Machinery Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 02
|
To Bank A/c |
5,000
|
March 31
|
By 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
|
||||||
|
March 02
|
To Bank A/c |
300
|
March 31
|
By Balance c/d |
300
|
||
|
300
|
300
|
||||||
|
Input SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 02
|
To Bank A/c |
300
|
March 31
|
By Balance c/d |
300
|
||
|
300
|
300
|
||||||
|
Purchases Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Sundries from purchases Book | 5,000 |
March 31
|
By Balance c/d |
5,000
|
||
|
|
|||||||
|
5,000
|
5,000
|
||||||
|
Sales Return Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
March 31
|
To Sundries from Sales Return Book |
2,000
|
March 31
|
By Balance c/d |
2,000
|
||
|
2,000
|
2,000
|
||||||
|
Trial Balance
as on March 31, 2019
|
||||
|
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
1
|
Capital |
7,16,650
|
||
|
2
|
Purchases |
5,000
|
||
|
3
|
Sales |
16,000
|
||
|
4
|
Sales Return |
2,000
|
||
|
5
|
Output CGST |
360
|
||
|
6
|
Output SGST |
360
|
||
|
7
|
Output IGST |
960
|
||
|
8
|
Machinery |
5,000
|
||
|
9
|
Input CGST |
300
|
||
|
10
|
Input SGST |
300
|
||
| 11 | Input IGST | 600 | ||
|
12
|
Bank Loan |
50,000
|
||
|
13
|
Drawings |
2,500
|
||
|
14
|
Corporation Tax |
1,155
|
||
|
15
|
Salaries |
2,750
|
||
|
16
|
Wages |
440
|
||
|
17
|
Discount Allowed |
1,375
|
||
|
18
|
Discount Received |
1,250
|
||
|
19
|
James |
22,710
|
||
|
20
|
Samanta |
41,350
|
||
|
21
|
Stock |
1,92,500
|
||
|
22
|
Plant and Machinery |
4,40,000
|
||
|
23
|
Cash in hand |
825
|
||
|
24
|
Bank Balance |
1,49,475
|
||
|
8,26,930
|
8,26,930
|
|||
Page No 11.50:
Question 21:
On 1st March, 2019, Shri Kailash Chand, Lucknow commenced business with cash ₹ 50,000. The following are his transactions for the month of March, 2019. Record them in proper books, post them to the Ledger and take out a Trial Balance:
|
|
|||
| 2019 | ₹ | ||
| March 1 | Bought goods for cash* | 5,000 | |
| Purchased from Hari, Lucknow*: | |||
| 5 Laptops @ ₹ 35,000 each | |||
| 5 Desktops @ ₹ 25,000 each | |||
| Less: Trade Discount 15% | |||
| March 2 | Purchased computer & printer from M/s. Computer Mart against cash for office use* | 20,000 | |
| March 5 | Deposited into bank | 15,000 | |
| March 7 | Sold goods to Shri Ramesh Chand, Kanpur*: | ||
|
2 Laptops @ ₹ 32,000 each |
|
||
| 2 Desktops @ ₹ 24,000 each | |||
| March 10 |
Received Cheque from Shri Ramesh Chand on account |
75,000
|
|
| March 14 | Received another Cheque in full settlement from Ramesh Chand | 49,440 | |
| March 15 | Sold goods to Jagdish, Kolkata**: | ||
| 2 Laptops @ ₹ 35,000 each | |||
| 2 Desktops @ ₹ 25,000 each | |||
| Less: Trade Discount 5% | |||
| March 18 |
Bought from Shyam Lal, Delhi**: |
|
|
| 10 Keyboards @ ₹ 1,000 each | |||
| 10 Mouse @ ₹ 500 each | |||
| March 20 |
Drew cash from bank for office |
|
17,000
|
| March 21 | Paid to Shyam Lal in full settlement | 16,500 | |
| March 23 | Cash Sales 5 Keyboards @ ₹ 1,200 each and 5 Mouse @ ₹ 600 each* | ||
| March 25 | Paid Salary | 2,500 | |
| March 28 | Paid Rent* | 1,500 | |
| March 30 | Paid into bank | 5,000 | |
| March 31 | Drew cash for personal expenses | 500 | |
|
|
|
|
|
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
Answer:
|
Cash Book
|
|
||||||||
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
|
2018
|
|
2018
|
|
||||||
|
March 01
|
To Capital A/c |
50,000
|
|
March 01
|
By Purchases A/c |
5,000
|
|
||
|
March 05
|
To Cash A/c |
C
|
15,000
|
March 01
|
By Input CGST |
300
|
|
||
|
March 10
|
To Ramesh Chand |
75,000
|
March 01
|
By Input SGST |
300
|
|
|||
|
March 14
|
To Ramesh Chand |
49,440
|
March 02
|
By Purchases |
20,000
|
|
|||
|
March 20
|
To Bank A/c |
C
|
17,000
|
|
March 02
|
By Input CGST |
1,200
|
|
|
|
March 23
|
To Sales A/c |
9,000
|
|
March 02
|
By Input SGST |
1,200
|
|
||
|
March 23
|
To Output CGST |
540
|
|
March 05
|
By Bank A/c |
C
|
15,000
|
|
|
|
March 23
|
To Output SGST |
540
|
|
March 20
|
By Cash A/c |
C
|
17,000
|
||
|
March 30
|
To Cash A/c |
C
|
5,000
|
March 21
|
By Shyam Lal |
16,500
|
|
||
|
|
March 25
|
By Salary A/c |
2,500
|
|
|||||
|
|
March 28
|
By Rent A/c |
1,500
|
|
|||||
|
|
March 28
|
By Input CGST |
90
|
|
|||||
|
|
March 28
|
By Input SGST |
90
|
|
|||||
|
|
March 30
|
By Bank A/c |
5,000
|
|
|||||
|
|
March 31
|
By Drawing A/c |
500
|
|
|||||
|
|
March 31
|
By Balance c/d |
7,900
|
1,27,440
|
|||||
|
77,080
|
1,44,440
|
77,080
|
1,44,440
|
||||||
|
|
|
||||||||
|
Purchases Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Cost
(₹)
|
Input CGST
(₹)
|
Input SGST
(₹)
|
Input IGST
(₹)
|
Total
(₹)
|
|
2018
|
|
|
|
|
|
|
|
||
|
Mar 01
|
Hari, Lucknow 5 laptops @ ₹ 35,000 each |
|
1,75,000
|
|
|
|
|
|
|
|
|
5 Desktop @ ₹ 25,000 each |
|
1,25,000
|
|
|
|
|
|
|
|
|
|
3,00,000
|
|
|
|
|
|
||
|
|
Less: Trade Discount@15% |
|
45,000
|
|
|
|
|
|
|
|
|
|
2,55,000
|
|
|
|
|
|
||
|
|
Add: 6% CGST |
|
15,300
|
|
|
|
|
|
|
|
|
6% SGST |
|
15,300
|
|
|
|
|
|
|
|
|
|
2,85,600
|
2,55000
|
15,300
|
15,300
|
–
|
2,85,600
|
||
|
|
|
|
|
|
|
|
|
||
|
Mar 18
|
Shyam Lal, Delhi |
|
|
|
|
|
|
|
|
|
|
10 keyboards @ ₹ 1,000 each |
|
10,000
|
|
|
|
|
|
|
|
|
10 Mouse @ ₹ 5,000 each |
|
5,000
|
|
|
|
|
|
|
|
|
|
15,000
|
|
|
|
|
|
||
|
|
Add: 12% IGST |
|
1,800
|
|
|
|
|
|
|
|
|
|
16,800
|
15,000
|
–
|
–
|
1,800
|
16,800
|
||
|
Mar 31
|
|
|
2,70,000
|
15,300
|
15,300
|
1,800
|
3,02,400
|
||
|
|
|
|
|
|
|
|
|
||
|
Sales Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Value
(₹)
|
Output CGST
(₹)
|
Output SGST
(₹)
|
Output IGST
(₹)
|
Total
(₹)
|
|
2018
|
|
|
|
|
|
|
|
||
|
Mar 07
|
Shri Rames Chand Kanpur |
|
|
|
|
|
|
|
|
|
|
2 laptops @ ₹ 32,000 each |
|
64,000
|
|
|
|
|
|
|
|
|
2 Desktop @ ₹ 32,000 each |
|
48,000
|
|
|
|
|
|
|
|
|
|
1,12,000
|
|
|
|
|
|
||
|
|
Add: 6% CGST |
|
6,720
|
|
|
|
|
|
|
|
|
6% SGST |
|
6,720
|
|
|
|
|
|
|
|
|
|
1,25,440
|
1,12,000
|
6,720
|
6,720
|
–
|
1,25,440
|
||
|
|
|
|
|
|
|
|
|
||
|
Mar 15
|
Jagdish, Kolkata |
|
|
|
|
|
|
|
|
|
|
2 Laptops @ ₹ 35,000 each |
|
70,000
|
|
|
|
|
|
|
|
|
2 Desktops @ ₹ 25,000 each |
|
50,000
|
|
|
|
|
|
|
|
|
|
1,20,000
|
|
|
|
|
|
||
|
|
Less: 5% TD |
|
6,000
|
|
|
|
|
|
|
|
|
|
1,14,000
|
|
|
|
|
|
||
|
|
Add: 12% IGST |
|
13,680
|
|
|
|
|
|
|
|
|
|
1,27,680
|
1,14,000
|
–
|
–
|
13,680
|
1,27,680
|
||
|
Mar 31
|
|
|
2,26,000
|
6,720
|
6,720
|
13,680
|
2,53,120
|
||
|
|
|
|
|
|
|
|
|
||
|
Capital Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 31
|
To Balance b/d |
50,000
|
March 01
|
By Cash A/c |
50,000
|
||
|
50,000
|
50,000
|
||||||
|
Purchases Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 01
|
To Cash A/c |
5,000
|
March 31
|
By Balance c/d |
2,95,000
|
||
|
March 02
|
To Cash A/c |
20,000
|
|||||
|
March 31
|
To Sundries from Purchaser Book |
2,70,000
|
|||||
|
2,95,000
|
2,95,000
|
||||||
|
Hari
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 31
|
To Balance c/d |
2,85,600
|
March 01
|
By Purchases |
2,55,000
|
||
|
March 01
|
By Input CGST |
15,300
|
|||||
|
March 01
|
By Input SGST |
15,300
|
|||||
|
2,85,600
|
2,85,600
|
||||||
|
Input CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 01
|
To Cash A/c |
300
|
March 01
|
By Balance c/d |
16,890
|
||
|
March 01
|
To Hari |
15,300
|
|||||
|
March 02
|
To Cash A/c |
1,200
|
|||||
|
March 28
|
To Cash A/c |
90
|
|||||
|
16,890
|
16,890
|
||||||
|
Input SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 01
|
To Cash A/c |
300
|
March 31
|
By Balance c/d |
16,890
|
||
|
March 01
|
To Hari |
15,300
|
|||||
|
March 02
|
To Cash A/c |
1,200
|
|||||
|
March 28
|
To Cash A/c |
90
|
|||||
|
16,890
|
16,890
|
||||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 31
|
To Balance c/d |
7,260
|
March 7
|
By Shri Ramesh Chand |
6,720
|
||
|
March 23
|
By Cash A/c |
540
|
|||||
|
7,260
|
7,260
|
||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 31
|
To Balance c/d |
7,260
|
March 07
|
By Shri Ramesh Chand |
6,720
|
||
|
March 23
|
By Cash A/c |
540
|
|||||
|
7,260
|
7,260
|
||||||
|
Ramesh Chand
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 07
|
To Sales A/c |
1,12,000
|
March 10
|
By Bank A/c |
20,000
|
||||
|
March 07
|
To Output CGST A/c |
6,720
|
March 14
|
By Bank A/c |
1,000
|
||||
|
March 07
|
To Output SGST A/c |
6,720
|
March 14
|
By Discount Allowed A/c |
1,000
|
||||
|
1,25,440
|
1,25,440
|
||||||||
|
Sales Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 31
|
To Balance c/d |
2,35,000
|
March 23
|
By Cash A/c |
9,000
|
||||
|
March 31
|
By Sundries from Sales Book |
2,26,000
|
|||||||
|
2,35,000
|
2,35,000
|
||||||||
|
Jagdish
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 15
|
To Sales A/c |
1,14,000
|
March 31
|
By Balance c/d |
1,27,680
|
||
|
March 15
|
To Output IGST A/c |
13,680
|
|||||
|
1,27,680
|
1,27,680
|
||||||
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2018
|
2018
|
||||||
|
March 31
|
To Balance c/d |
13,680
|
March 15
|
By Jagdish |
13,680
|
||
|
13,680
|
13,680
|
||||||
|
Discount Allowed Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 14
|
To Ramesh Chand |
1,000
|
March 31
|
By Balance c/d |
1,000
|
||||
|
1,000
|
1,000
|
||||||||
|
Input IGST Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 18
|
To Shyam Lal |
1,800
|
March 31
|
By Balance c/d |
1,800
|
||||
|
1,800
|
1,800
|
||||||||
|
Shyam Lal
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 21
|
To Cash A/c |
16,500
|
March 18
|
By Purchases A/c |
15,000
|
||||
|
March 21
|
To Discount Received A/c |
300
|
March 18
|
By Input IGST A/c |
1,800
|
||||
|
16,800
|
16,800
|
||||||||
|
Rent Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 28
|
To Cash A/c |
1,500
|
March 31
|
By Balance c/d |
1,500
|
||||
|
1,500
|
1,500
|
||||||||
|
Drawings Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 31
|
To Cash A/c |
500
|
March 31
|
By Balance c/d |
500
|
||||
|
500
|
500
|
||||||||
|
Discount Received Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 31
|
To Balance c/d |
300
|
March 21
|
By Shyam lal |
300
|
||||
|
300
|
300
|
||||||||
|
Salary Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2018
|
2018
|
||||||||
|
March 25
|
To Cash A/c |
2,500
|
March 31
|
By Balance c/d |
2,500
|
||||
|
2,500
|
2,500
|
||||||||
|
Trial Balance
As on 30th April 2019
|
||||
|
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
1
|
Capital |
50,000
|
||
|
2
|
Purchases |
2,95,000
|
||
|
3
|
Hari |
2,85,600
|
||
|
4
|
Input CGST |
16,890
|
||
|
5
|
Input SGST |
16,890
|
||
|
6
|
Input IGST |
1,800
|
||
|
7
|
Output CGST |
7,260
|
||
|
8
|
Output SGST |
7,260
|
||
|
9
|
Output IGST |
13,680
|
||
|
10
|
Jagdish |
1,27,680
|
||
|
11
|
Sales |
2,35,000
|
||
|
12
|
Discount Allowed |
1,000
|
||
|
13
|
Rent |
1,500
|
||
|
14
|
Discount Received |
300
|
||
|
15
|
Cash |
7,900
|
||
|
16
|
Bank |
1,27,440
|
||
|
17
|
Drawings |
500
|
||
|
18
|
Salary |
2,500
|
||
|
5,99,100
|
5,99,100
|
|||
Page No 11.50:
Question 22:
On 1st January, 2019, Ram of Kolkata commenced business with a capital of ₹ 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2019. The Cash Book must be balanced.
| 2019 | ₹ | |
| Jan. 1 | Opened a Bank Account and Deposited | 12,500 |
| Purchased Goods against Cash Payment* | 20,000 | |
| Purchased furniture for Shop* | 5,000 | |
| Sold goods to R. Raman, Kolkata* | 5,000 | |
| Jan. 2 | Bought goods from Man Mohan, Delhi** | 10,000 |
| Jan. 3 | Bought stationery and paid by cash | 1,000 |
| Jan. 5 | Received cash from R. Raman | 5,300 |
| Discount allowed to him | 300 | |
| Jan. 6 | Sold goods to Bimal, Kolkata* | 7,500 |
| Jan. 8 | Bimal returned part of the goods supplied on the 6th instant | 1,500 |
| Jan. 10 | Paid cash into bank | 1,000 |
| Jan. 12 | Paid wages | 1,500 |
| Jan. 13 | Bought on credit from the Union Furniture Co., Kolkata office desk* | 1,500 |
| Jan. 19 | Paid wages | 1,500 |
| Jan. 21 | Paid to Man Mohan by cheque | 10,700 |
| Discount received | 500 | |
| Jan. 21 | Sold goods to Ramesh, Guwahati including IGST** | 6,720 |
| Jan. 22 | Received cheque from Bimal | 6,000 |
| Jan. 23 | Bought goods from Man Mohan, Delhi** | 7,000 |
| Jan. 24 | Drew by cheque for personal use | 2,000 |
| Jan. 27 | Paid wages | 1,500 |
| Jan. 31 | Rent due to landlord* | 1,000 |
Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.
Answer:
|
Cash Book
|
|
||||||||
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
Date
|
Particulars
|
L.F.
|
Cash
(₹)
|
Bank
(₹)
|
|
2017
|
|
2019
|
|
||||||
|
July 01
|
To Capital A/c |
30,000
|
70,000
|
July 04
|
By S.Raj |
6,800
|
|||
|
July 11
|
To R. Mukherjee |
8,600
|
|
July 05
|
By Computer A/c |
5,000
|
|
||
|
July 20
|
To Sales A/c |
3,300
|
|
July 06
|
By Purchases A/c |
5,000
|
|||
|
July 20
|
To Output CGST A/c |
198
|
|
July 06
|
By Input CGST |
300
|
|||
|
July 20
|
To Output SGST A/c |
198
|
|
July 06
|
By Input SGST |
300
|
|||
|
July 25
|
To Cash A/c |
C
|
3,500
|
July 10
|
By Drawings |
2,500
|
|
||
|
July 31
|
To T. Rana |
12,850
|
|
July 17
|
By D. Seth |
9,000
|
|||
|
|
July 25
|
By Bank A/c |
C
|
3,500
|
|
||||
|
|
July 31
|
By Wages A/c |
480
|
|
|||||
|
|
July 31
|
By Balance c/d |
56,666
|
52,100
|
|||||
|
68,146
|
73,500
|
68,146
|
73,500
|
||||||
|
|
|
||||||||
|
Purchases Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Cost
(₹)
|
Input CGST
(₹)
|
Input SGST
(₹)
|
Input IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
July 01
|
S. Raj, Delhi |
|
10,000
|
|
|
|
|
|
|
|
|
Less: Trade Discount@10% |
|
1,000
|
|
|
|
|
|
|
|
|
|
9,000
|
|
|
|
|
|
||
|
|
Add: 6% CGST |
|
540
|
|
|
|
|
|
|
|
|
6% SGST |
|
540
|
|
|
|
|
|
|
|
|
|
10,080
|
9,000
|
540
|
540
|
–
|
10,080
|
||
|
|
|
|
|
|
|
|
|
||
|
July 05
|
D. Seth, Patna |
|
20,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
2,400
|
|
|
|
|
|
|
|
|
|
22,400
|
20,000
|
–
|
–
|
2,400
|
22,400
|
||
|
|
|
|
|
|
|
|
|
||
|
July 09
|
M. Dey, Kolkata |
|
15,000
|
|
|
|
|
|
|
|
|
Less: Trade Discount @ 5% |
|
750
|
|
|
|
|
|
|
|
|
|
14,250
|
|
|
|
|
|
||
|
|
Add: 12% IGST |
|
1,710
|
|
|
|
|
|
|
|
|
|
15,960
|
14,250
|
–
|
–
|
1,710
|
15,960
|
||
|
|
|
|
|
|
|
|
|
||
|
July 14
|
D. Seth, Patna |
|
12,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
1,440
|
|
|
|
|
|
|
|
|
|
13,440
|
12,000
|
–
|
–
|
1,440
|
13,440
|
||
|
|
|
|
|
|
|
|
|
||
|
July 20
|
M. Dey, Kolkata |
|
6,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
720
|
|
|
|
|
|
|
|
|
|
6,720
|
6,000
|
–
|
–
|
720
|
6,720
|
||
| July 31 |
|
|
61,250
|
540
|
540
|
6,270
|
68,600
|
||
|
|
|
|
|
|
|
|
|||
|
Sales Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Value
(₹)
|
Output CGST
(₹)
|
Output SGST
(₹)
|
Output
IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
July 02
|
R.Mukherjee, Kolkata |
|
5,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
600
|
|
|
|
|
|
|
|
|
|
5,600
|
5,000
|
–
|
–
|
600
|
5,600
|
||
|
|
|
|
|
|
|
|
|
||
|
July 08
|
D.Das, Kolkata |
|
10,000
|
|
|
|
|
|
|
|
|
Less: 5% T.D. |
|
500
|
|
|
|
|
|
|
|
|
|
9,500
|
|
|
|
|
|
||
|
|
Add: 12% IGST |
|
1,140
|
|
|
|
|
|
|
|
|
|
10,640
|
9,500
|
–
|
–
|
1,140
|
10,640
|
||
|
|
|
|
|
|
|
|
|
||
|
July 09
|
R.Mukherjee, Kolkata |
|
12,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
1,440
|
|
|
|
|
|
|
|
|
|
13,440
|
12,000
|
–
|
–
|
1,440
|
13,440
|
||
|
|
|
|
|
|
|
|
|
||
|
July 14
|
T. Rana, Delhi |
|
20,000
|
|
|
|
|
|
|
|
|
Add: 6% CGST |
|
1,200
|
|
|
|
|
|
|
|
|
6% SGST |
|
1,200
|
|
|
|
|
|
|
|
|
|
22,400
|
20,000
|
1,200
|
1,200
|
–
|
22,400
|
||
|
|
|
|
|
|
|
|
|
||
|
July 17
|
D.Das, Kolkata |
|
10,000
|
|
|
|
|
|
|
|
|
Add: 12% IGST |
|
1,200
|
|
|
|
|
|
|
|
|
|
11,200
|
10,000
|
–
|
–
|
1,200
|
11,200
|
||
|
|
|
|
|
|
|
|
|
||
|
July 28
|
T. Rana, Delhi |
|
15,000
|
|
|
|
|
|
|
|
|
Add: 6% CGST |
|
900
|
|
|
|
|
|
|
|
|
6% SGST |
|
900
|
|
|
|
|
|
|
|
|
|
16,800
|
15,000
|
900
|
900
|
–
|
16,800
|
||
| July 31 |
|
|
71,500
|
2,100
|
2,100
|
4,380
|
80,080
|
||
|
|
|
|
|
|
|
|
|||
|
Purchases Return Book
|
|||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Cost
(₹)
|
Input CGST
(₹)
|
Input SGST
(₹)
|
Input IGST
(₹)
|
Total
(₹)
|
|
2019
|
|
|
|
|
|
|
|
||
|
July 04
|
S. Raj, Delhi |
|
3,000
|
|
|
|
|
|
|
|
|
Less: Trade Discount@10% |
|
300
|
|
|
|
|
|
|
|
|
|
2,700
|
|
|
|
|
|
||
|
|
Add: 6% CGST |
|
162
|
|
|
|
|
|
|
|
|
6% SGST |
|
162
|
|
|
|
|
|
|
|
|
|
3,024
|
2,700
|
162
|
162
|
–
|
3,024
|
||
|
|
|
|
|
|
|
|
|
||
|
July 25
|
M. Dey, Kolkata |
|
4,000
|
|
|
|
|
|
|
|
|
Less: Trade Discount @ 5% |
|
200
|
|
|
|
|
|
|
|
|
|
3,800
|
|
|
|
|
|
||
|
|
Add: 12% IGST |
|
456
|
|
|
|
|
|
|
|
|
|
4,256
|
3,800
|
–
|
–
|
456
|
4,256
|
||
| July 31 |
|
|
6,500
|
162
|
162
|
456
|
7,280
|
||
|
|
|
|
|
|
|
|
|||
|
Sales Return Book
|
|||||||||||||||
|
Date
|
Particulars
|
Invoice No.
|
L.F.
|
Details
(₹)
|
Value
(₹)
|
Output CGST
(₹)
|
Output SGST
(₹)
|
Output
IGST
(₹)
|
Total
(₹)
|
||||||
|
2019
|
|
|
|
|
|
|
|||||||||
|
July 06
|
R.Mukherjee, Kolkata |
|
2,000
|
|
|
|
|
||||||||
|
|
Add: 12% IGST |
|
240
|
|
|
|
|
|
|||||||
|
|
|
2,240
|
2,000
|
–
|
–
|
240
|
2,240
|
||||||||
|
|
|
|
|
|
|
|
|
||||||||
|
July 09
|
D. Das, Kolkata |
|
3,000
|
|
|
|
|
|
|||||||
|
|
Less: 5% T.D. |
|
150
|
|
|
|
|
|
|||||||
|
|
|
2,850
|
|
|
|
|
|
||||||||
|
|
Add: 12% IGST |
|
342
|
|
|
|
|
|
|||||||
|
|
|
3,192
|
2,850
|
–
|
–
|
342
|
3,192
|
||||||||
| July 31 |
|
|
4,850
|
–
|
–
|
582
|
5,432
|
||||||||
|
|
|
|
|
|
|
|
|||||||||
|
Capital Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
Date
|
Particulars
|
J.F.
|
Amount
(Rs)
|
|
2019
|
2019
|
||||||
|
July 31
|
To Balance b/d |
1,00,000
|
July 01
|
By Cash A/c |
30,000
|
||
|
July 01
|
By Bank A/c |
70,000
|
|||||
|
50,000
|
1,00,000
|
||||||
|
Purchases Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 06
|
To BankA/c |
5,000
|
July 06
|
By Drawings A/c |
2,500
|
||
|
July 31
|
To Sundries from Purchases Book |
61,250
|
July 31
|
By Balance c/d |
63,750
|
||
|
66,250
|
66,250
|
||||||
|
S. Raj
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
| July 04 | To Purchases Return |
2,700
|
July 01
|
By Purchases |
9,000
|
||
| July 04 | To Input CGST A/c |
162
|
July 01
|
By Input CGST |
540
|
||
| July 04 | To Input SGST A/c |
162
|
July 01
|
By Input SGST |
540
|
||
| July 04 | To Bank A/c |
6,800
|
|||||
| July 04 | To Discount Received A/c |
256
|
|||||
|
10,080
|
10,080
|
||||||
|
Input CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 01
|
To S. Raj |
540
|
July 04
|
By S. Raj |
162
|
||
|
July 01
|
To Bank A/c |
300
|
July 28
|
By Drawings A/c |
150
|
||
|
July 31
|
By Balance c/d |
528
|
|||||
|
840
|
840
|
||||||
|
Input SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 01
|
To S. Raj |
540
|
July 04
|
By S. Raj |
162
|
||
|
July 01
|
To Bank A/c |
300
|
July 28
|
By Drawings A/c |
150
|
||
|
July 31
|
By Balance c/d |
528
|
|||||
|
840
|
840
|
||||||
|
Output CGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 31
|
To Balance c/d |
2,298
|
July 14
|
By Sales A/c |
198
|
||
|
July 14
|
By T. Rana |
1,200
|
|||||
|
July 28
|
By T. Rana |
900
|
|||||
|
2,298
|
2,298
|
||||||
|
Output SGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 31
|
To Balance c/d |
2,298
|
July 14
|
By Sales A/c |
198
|
||
|
July 14
|
By T. Rana |
1,200
|
|||||
|
July 28
|
By T. Rana |
900
|
|||||
|
2,298
|
2,298
|
||||||
|
R. Mukherjee
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
| July 02 | To Sales A/c |
5,000
|
July 06
|
By Sales Return A/c |
2,000
|
||||
| July 02 | To Output IGST A/c |
600
|
July 14
|
By Output IGST A/c |
240
|
||||
| July 09 | To Sales A/c |
12,000
|
July 11
|
By Cash A/c |
8,600
|
||||
| July 09 | To Output IGST A/c |
1,440
|
July 11
|
By Discount Allowed A/c |
400
|
||||
|
July 31
|
By Balance c/d |
7,800
|
|||||||
|
19,040
|
19,040
|
||||||||
|
T. Rana
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
| July 14 | To Sales A/c |
20,000
|
July 20
|
By Cash A/c |
13,000
|
||||
| July 14 | To Output CGST A/c |
1,200
|
July 20
|
By Discount Allowed A/c |
500
|
||||
| July 14 | To Output SGST A/c |
1,200
|
July 31
|
By Cash A/c |
12,850
|
||||
| July 28 | To Sales A/c |
15,000
|
July 31
|
By Bad Debts A/c |
12,850
|
||||
| July 28 | To Output CGST A/c |
900
|
|||||||
| July 28 | To Output SGST A/c |
900
|
|||||||
|
39,200
|
39,200
|
||||||||
|
Bad Debts Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 31
|
To T. Rana |
12,850
|
July 31
|
By Balance c/d |
12,850
|
||
|
12,850
|
12,850
|
||||||
|
Sales Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 31
|
To Balance c/d |
74,800
|
July 14
|
By Cash A/c |
3,300
|
||||
|
July 31
|
By Sundries from Sales Book |
71,500
|
|||||||
|
74,800
|
74,800
|
||||||||
|
Discount Received Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 04
|
By S. Raj |
256
|
|||||
| July 31 | To Balance c/d |
756
|
July 17
|
By D. Seth |
500
|
||
|
756
|
756
|
||||||
|
Output IGST Account
|
|||||||
| Dr. |
Cr.
|
||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
|
2019
|
2019
|
||||||
|
July 06
|
To R. Mukherjee |
240
|
July 02
|
By R. Mukherjee |
600
|
||
|
July 09
|
To D. Das |
342
|
July 08
|
By D. Das |
1,140
|
||
|
July 31
|
To Balance c/d |
3,798
|
July 09
|
By R. Mukherjee |
1,440
|
||
|
July 17
|
By D. Das |
1,200
|
|||||
|
4,380
|
4,380
|
||||||
|
Discount Allowed Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 11
|
To R. Mukherjee |
400
|
|||||||
|
July 20
|
To T. Rana |
500
|
July 31
|
By Balance c/d |
900
|
||||
|
900
|
900
|
||||||||
|
Input IGST Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 05
|
To D. Seth |
2,400
|
July 25
|
By M. Dey |
456
|
||||
|
July 09
|
To M. Dey |
1,710
|
July 31
|
By Balance c/d |
5,814
|
||||
|
July 14
|
To D. Seth |
1,440
|
|||||||
|
July 20
|
To M. Dey |
720
|
|||||||
|
6,270
|
6,270
|
||||||||
|
D. Seth
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 17
|
To Bank A/c |
9,000
|
July 05
|
By Purchases A/c |
20,000
|
||||
|
July 17
|
To Discount Received A/c |
500
|
July 05
|
By Input IGST A/c |
2,400
|
||||
|
July 31
|
To Balance c/d |
26,340
|
July 14
|
By Purchases A/c |
12,000
|
||||
|
July 18
|
By Input IGST A/c |
1,440
|
|||||||
|
35,840
|
35,840
|
||||||||
|
Purchases Return Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 31
|
To Balance c/d |
6,500
|
July 31
|
By Sundries from Purchases Return Book |
6,500
|
||||
|
6,500
|
6,500
|
||||||||
|
Drawings Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 10
|
To Cash A/c |
2,500
|
July 31
|
By Balance c/d |
5,300
|
||||
|
July 28
|
To Purchases A/c |
2,500
|
|||||||
|
July 28
|
To Input CGST A/c |
150
|
|||||||
|
July 28
|
To Input SGST A/c |
150
|
|||||||
|
5,300
|
5,300
|
||||||||
|
D. Das
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 08
|
To Sales A/c |
9,500
|
July 09
|
By Sales Return A/c |
2,850
|
||||
|
July 08
|
To Output IGST A/c |
1,140
|
July 09
|
By Output IGST A/c |
342
|
||||
|
July 17
|
To Sales A/c |
10,000
|
July 31
|
By Balance c/d |
18,648
|
||||
|
July 17
|
To Output IGST A/c |
1,200
|
|||||||
|
21,840
|
21,840
|
||||||||
|
M. Dey
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 25
|
To Purchase Return A/c |
3,800
|
July 09
|
By Purchases A/c |
14,250
|
||||
|
July 25
|
To Input IGST A/c |
456
|
July 09
|
By Input IGST A/c |
1,710
|
||||
|
July 31
|
To Balance c/d |
18,424
|
July 20
|
By Purchases A/c |
6,000
|
||||
|
July 20
|
By Input IGST A/c |
720
|
|||||||
|
22,680
|
22,680
|
||||||||
|
Computer Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 05
|
To Cash A/c |
5,000
|
July 31
|
By Balance c/d |
5,000
|
||||
|
5,000
|
5,000
|
||||||||
|
Sales Return Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 3
|
To Sundries from Sales Book |
4,850
|
July 31
|
By Balance c/d |
4,850
|
||||
|
4,850
|
4,850
|
||||||||
|
Wages Account
|
|||||||||
|
Dr.
|
Cr.
|
||||||||
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
Date
|
Particulars
|
J.F.
|
Amount
(₹)
|
||
|
2019
|
2019
|
||||||||
|
July 31
|
To Cash A/c |
480
|
July 31
|
By Balance c/d |
480
|
||||
|
480
|
480
|
||||||||
|
Trial Balance
as on 31st July, 2019
|
||||
|
S. No.
|
Particular
|
J.F.
|
Debit
Amount
(₹)
|
Credit
Amount
(₹)
|
|
1
|
Capital |
1,00,000
|
||
|
2
|
Purchases |
63,750
|
||
|
3
|
Purchases Return |
6,500
|
||
|
4
|
R. Mukherjee |
7,800
|
||
|
5
|
Input CGST |
528
|
||
|
6
|
Input SGST |
528
|
||
|
7
|
Input IGST |
5,814
|
||
|
8
|
Output CGST |
2,298
|
||
|
9
|
Output SGST |
2,298
|
||
|
10
|
Output IGST |
3,798
|
||
|
11
|
D. Seth |
26,340
|
||
|
12
|
S. Das |
18,648
|
||
|
13
|
M. Dey |
18,424
|
||
|
14
|
Sales |
74,800
|
||
|
15
|
Sales Return |
4,850
|
||
|
16
|
Discount Allowed |
900
|
||
|
17
|
Bad Debts |
12,850
|
||
|
18
|
Discount Received |
756
|
||
|
19
|
Cash |
56,666
|
||
|
20
|
Bank |
52,100
|
||
|
21
|
Computer |
5,000
|
||
|
22
|
Wages |
480
|
||
|
23
|
Drawings |
5,300
|
||
|
2,35,214
|
2,35,214
|
|||
View NCERT Solutions for all chapters of Class 13