Accountancy Dk Goel 2018 for Class 11 Commerce Accountancy Chapter 7 - Ledger

Share with your friends

Accountancy Dk Goel 2018 Solutions for Class 11 Commerce Accountancy Chapter 7 Ledger are provided here with simple step-by-step explanations. These solutions for Ledger are extremely popular among Class 11 Commerce students for Accountancy Ledger Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2018 Book of Class 11 Commerce Accountancy Chapter 7 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2018 Solutions. All Accountancy Dk Goel 2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

Page No 13.57:

Question 1:

Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance :−

2017		(₹)
March 1	Shyam Sunder & Sons commenced business with cash	80,000
2	Purchased goods for cash	36,000
3	Machinery purchased for cash	4,000
4	Purchased goods from :
	Raghu	22,000
	Dilip	30,000
6	Returned goods to Raghu	4,000
8	Paid to Raghu, in full settlement of his account	17,500
10	Sold goods to Mahesh Chand & Co. for ₹ 32,000 at 5% trade discount
13	Received cash from Mahesh Chand & Co.	19,800
	Discount allowed	200
15	Paid cash to Dilip	14,850
	Discount received	150
20	Sold goods for cash	25,000
24	Sold goods for cash to Sudhir Ltd.	18,000
25	Paid for Rent	1,500
26	Received for Commission	2,000
28	Withdrew by Proprietor for his personal use	5,000
28	Purchased a fan for Proprietor's house	1,200

Answer:

Journal In the Books of…
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Mar. 01	Cash A/c	Dr.		80,000
	To Capital A/c				80,000
	(Business started with cash)

Mar. 02	Purchases A/c	Dr.		36,000
	To Cash A/c				36,000
	(Goods purchased for cash)

Mar. 03	Machinery A/c	Dr.		4,000
	To Cash A/c				4,000
	(Machinery purchased for cash)

Mar. 04	Purchases A/c	Dr.		52,000
	To Raghu’s A/c				22,000
	To Dilip’s A/c				30,000
	(Goods purchased on credit from Raghu and Dilip)

Mar. 06	Raghu’s A/c	Dr.		4,000
	To Purchases Return A/c				4,000
	(Goods returned to Raghu)

Mar. 08	Raghu’s A/c	Dr.		18,000
	To Cash A/c				17,500
	To Discount Received A/c				500
	(Cash paid to Raghu in full settlement)

Mar. 10	Mahesh Chand & Co.	Dr.		30,400
	To Sales A/c				30,400
	(Goods sold to Mahesh Chand & Co. at trade discount)

Mar. 13	Cash A/c	Dr.		19,800
	Discount Allowed A/c			200
	To Mahesh Chand & Co.				20,000
	(Cash received from Mahesh Chand & Co.)

Mar. 15	Dilip’s A/c	Dr.		15,000
	To Cash A/c				14,850
	To Discount Received A/c				150
	(Cash paid to Dilip)

Mar. 20	Cash A/c	Dr.		25,000
	To Sales A/c				25,000
	(Goods sold for cash)

Mar. 24	Cash A/c	Dr.		18,000
	To Sales A/c				18,000
	(Goods sold for cash)

Mar. 25	Rent A/c	Dr.		1,500
	To Cash A/c				1,500
	(Rent paid)

Mar. 26	Cash A/c	Dr.		2,000
	To Commission A/c				2,000
	(Commission received)

Mar. 28	Drawings A/c	Dr.		6,200
	To Cash A/c				6,200
	(Cash withdrawn and fan purchased for personal use)
	TOTAL			3,12,100	3,12,100

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.01	Capital A/c		80,000	Mar.02	Purchases A/c		36,000
Mar.13	Mahesh Chand & Co.		19,800	Mar.03	Machinery A/c		4,000
Mar.20	Sales A/c		25,000	Mar.08	Raghu’s A/c		17,500
Mar.24	Sales A/c		18,000	Mar.15	Dilip’s A/c		14,850
Mar.26	Commission A/c		2,000	Mar.25	Rent A/c		1,500
				Mar.28	Drawings A/c		6,200
				Mar.31	Balance c/d		64,750
			1,44,800				1,44,800
2017
Apr.01	Balance b/d		64,750

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.31	Balance c/d		80,000	Mar.01	Cash A/c		80,000
			80,000				80,000
				2017
				Apr.01	Balance b/d		80,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.02	Cash A/c		36,000	Mar.31	Balance c/d		88,000
Mar.04	Raghu’s A/c		22,000
	Dilip’s A/c		30,000
			88,000				88,000
2017
Apr.01	Balance b/d		88,000

Machinery Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.03	Cash A/c		4,000	Mar.31	Balance c/d		4,000
			4,000				4,000
2017
Apr.01	Balance b/d		4,000

Raghu’s Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.06	Purchases Return A/c		4,000	Mar.04	Purchases A/c		22,000
Mar.08	Cash A/c		17,500
	Discount Received A/c		500
			22,000				22,000

Dilip’s Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.15	Cash A/c		14,850	Mar.04	Purchases A/c		30,000
Mar.15	Discount Received A/c		150
Mar.31	Balance c/d		15,000
			30,000				30,000
				2017
				Apr.01	Balance b/d		15,000

Purchases Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.31	Balance c/d		4,000	Mar.06	Raghu’s A/c		4,000
			4,000				4,000
				2017
				Apr.01	Balance b/d		4,000

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.31	Balance c/d		650	Mar.08	Raghu’s A/c		500
				Mar.15	Dilip’s A/c		150
			650				650
				2017
				Apr.01	Balance b/d		650

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.13	Mahesh Chand & Co.		200	Mar.31	Balance c/d		200
			200				200
2017
Apr.01	Balance b/d		200

Mahesh Chand & Co.
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.10	Sales A/c		30,400	Mar.13	Cash A/c		19,800
				Mar.13	Discount Allowed A/c		200
				Mar.31	Balance c/d		10,400
			30,400				30,400
2017
Apr.01	Balance b/d		10,400

Rent Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.25	Cash A/c		1,500	Mar.31	Balance c/d		1,500
			1,500				1,500
2017
Apr.01	Balance b/d		1,500

Commission Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.31	Balance c/d		2,000	Mar.26	Cash A/c		2,000
			2,000				2,000
				2017
				Apr.01	Balance b/d		2,000

Drawings Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.28	Cash A/c		6,200	Mar.31	Balance c/d		6,200
			6,200				6,200
				2017
				Apr.01	Balance b/d		6,200

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Mar.31	Balance c/d		73,400	Mar.10	Mahesh Chand & Co.		30,400
				Mar.20	Cash A/c		25,000
				Mar.24	Cash A/c		18,000
			73,400				73,400
				2017
				Apr.01	Balance b/d		73,400

Trial Balance as on March 31, 2017
Name of Accounts	L.F.	Debit Balances Amount (Rs)	Credit Balances Amount (Rs)
Cash A/c		64,750
Capital A/c			80,000
Purchases A/c		88,000
Machinery A/c		4,000
Dilip’s A/c			15,000
Purchases Return A/c			4,000
Discount Received A/c			650
Discount Allowed A/c		200
Mahesh Chand & Co.		10,400
Rent A/c		1,500
Commission A/c			2,000
Drawings A/c		6,200
Sales A/c			73,400
Total		1,75,050	1,75,050

Page No 13.58:

Question 2:

Following balances appeared in the books of Ram & Shyam on January 1, 2017 :−
Assets : Cash in hand ₹ 30,000; Stock ₹ 36,000; Lal Chand ₹ 7,600; Mukesh Khanna ₹ 16,200; Furniture ₹ 8,000.
Liabilities : Ghanshyam ₹ 6,000; Vinod ₹ 8,000.
Following transactions took place during Jan. 2017 :−

2017
Jan. 2	Purchased Typewriter for ₹ 7,500.
4	Sold goods for Cash of the list price of ₹ 25,000 at 20% trade discount and 5% Cash discount.
6	Sold goods to Gopal Seth for ₹ 10,000.
8	Gopal Seth returned goods for ₹ 1,500.
12	Purchased goods from Arun ₹ 12,000; and from Varun ₹ 15,000.
13	Settled Arun's account in full after deducting 5% for cash discount.
14	Paid cash to Ghanshyam in full settlement of his account.
16	Received ₹ 7,500 from Lal Chand in full settlement of his account.
17	Purchased a Scooter for office use ₹ 18,000.
20	Sold goods for cash ₹ 20,000.
22	Received from Gopal Seth ₹ 4,850 and discount allowed ₹ 150.
27	Paid for Wages ₹ 7,000 and Salaries ₹ 3,000.
28	Withdrew goods for ₹ 2,000 and Cash ₹ 1,500 for private use.
29	Paid for Life Insurance Premium of the Proprietor ₹ 1,600.

Journalise the above transactions, post them into Ledger, balance them and prepare a Trial Balance.

Answer:

Journal In the Books of Ram & Shyam
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan.01	Cash in hand A/c	Dr.		30,000
	Stock A/c	Dr.		36,000
	Lal Chand’s A/c	Dr.		7,600
	Mukesh Khanna’s A/c	Dr.		16,200
	Furniture A/c	Dr.		8,000
	To Ghanshyam’s A/c				6,000
	To Vinod’s A/c				8,000
	To Capital A/c (Balancing figure)				83,800
	(Opening entry made)

Jan.02	Office Equipment A/c	Dr.		7,500
	To Cash A/c				7,500
	(Typewriter purchased)

Jan.04	Cash A/c	Dr.		19,000
	Discount Allowed A/c	Dr.		1,000
	To Sales A/c				20,000
	(Goods sold for cash at 20% trade discount)

Jan.06	Gopal Seth’s A/c	Dr.		10,000
	To Sales A/c				10,000
	(Goods sold on credit to Gopal Seth)

Jan.08	Sales Return A/c	Dr.		1,500
	To Gopal Seth’s A/c				1,500
	(Goods returned)

Jan.12	Purchases A/c	Dr.		27,000
	To Arun’s A/c				12,000
	To Varun’s A/c				15,000
	(Goods purchased on credit)

Jan.13	Arun’s A/c	Dr.		12,000
	To Cash A/c				11,400
	To Discount Received A/c				600
	(Cash paid to Arun in full settlement)

Jan.14	Ghanshyam’s A/c	Dr.		6,000
	To Cash A/c				6,000
	(Cash paid to Ghanshyam)

Jan.16	Cash A/c	Dr.		7,500
	Discount Allowed A/c	Dr.		100
	To Lal Chand’s A/c				7,600
	(Cash received)

Jan.17	Scooter A/c	Dr.		18,000
	To Cash A/c				18,000
	(Scooter purchased)

Jan.20	Cash A/c	Dr.		20,000
	To Sales A/c				20,000
	(Goods sold for cash)

Jan.22	Cash A/c	Dr.		4,850
	Discount Allowed A/c	Dr.		150
	To Gopal Seth’s A/c				5,000
	(Cash received)

Jan.27	Wages A/c	Dr.		7,000
	Salaries A/c	Dr.		3,000
	To Cash A/c				10,000
	(Expenses paid)

Jan.28	Drawings A/c	Dr.		3,500
	To Purchases A/c				2,000
	To Cash A/c				1,500
	(Amount withdrawn)

Jan.29	Drawings A/c	Dr.		1,600
	To Cash A/c				1,600
	(Paid life insurance premium)
	TOTAL			2,47,500	2,47,500

Cash Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.01	Balance c/d		30,000	Jan.02	Typewriter A//c		7,500
Jan.04	Sales A/c		19,000	Jan.13	Arun’s A/c		11,400
Jan.06	Lal Chand’s A/c		7,500	Jan.14	Ghanshyam’s A/c		6,000
Jan.20	Sales A/c		20,000	Jan.17	Scooter A/c		18,000
Jan.26	Gopal Seth’s A/c		4,850	Jan.27	Wages A/c		7,000
				Jan.27	Salaries A/c		3,000
				Jan.28	Drawings A/c		1,500
				Jan.29	Drawings A/c		1,600
				Jan.31	Balance c/d		25,350
			81,350				81,350
2017
Feb.01	Balance b/d		25,350

Stock Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.01	Balance b/d		36,000	Jan.31	Balance c/d		36,000
			36,000				36,000
2017
Feb.01	Balance b/d		36,000

Lal Chand’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.01	Balance b/d		7,600	Jan.06	Cash A/c		7,500
					Discount Allowed		100
			7,600				7,600

Mukesh Khanna’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.01	Balance b/d		16,200	Jan.31	Balance c/d		16,200
			16,200				16,200
2017
Jan.01	Balance b/d		16,200

Furniture Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.01	Balance b/d		8,000	Jan.31	Balance c/d		8,000
			8,000				8,000
2017
Feb.01	Balance b/d		8,000

Ghanshyam’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.14	Cash A/c		6,000	Jan.01	Balance b/d		6,000
			6,000				6,000

Vinod’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.31	Balance c/d		8,000	Jan.01	Balance b/d		8,000
			8,000				8,000
				2017
				Feb.01	Balance b/d		8,000

Capital Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.31	Balance c/d		83,800	Jan.01	Balance b/d		83,800
			83,800				83,800
				2017
				Feb.01	Balance b/d		83,800

Office Equipment Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.02	Cash A/c		7,500	Jan.31	Balance c/d		7,500
			7,500				7,500
2017
Feb.01	Balance b/d		7,500

Discount Allowed Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.04	Sales A/c		1,000	Jan.31	Balance c/d		1,250
Jan.16	Lal Chand’s A/c		100
Jan.22	Gopal Seth’s A/c		150
			1,250				1,250
2017
Feb.01	Balance b/d		1,250

Sales Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.31	Balance c/d		50,000	Jan.04	Cash A/c		19,000
				Jan.04	Discount Allowed A/c		1,000
				Jan.06	Gopal Seth’s A/c		10,000
				Jan.20	Cash A/c		20,000
			50,000				50,000
				2017
				Feb.01	Balance b/d		50,000

Gopal Seth’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.06	Sales A/c		10,000	Jan.08	Sales Return A/c		1,500
				Jan.22	Cash A/c		4,850
				Jan.22	Discount Allowed		150
				Jan.31	Balance c/d		3,500
			10,000				10,000
2017
Feb.01	Balance b/d		3,500

Sales Return Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.08	Gopal Seth’s A/c		1,500	Jan.31	Balance c/d		1,500
			1,500				1,500
2017
Feb.01	Balance b/d		1,500

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.12	Arun’s A/c		12,000	Jan.28	Drawings A/c		2,000
	Varun’s A/c		15,000	Jan.31	Balance c/d		25,000
			27,000				27,000
2017
Feb.01	Balance b/d		25,000

Arun’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.13	Cash A/c		11,400	Jan.12	Purchases A/c		12,000
Jan.13	Discount Received A/c		600
			12,000				12,000

Varun’s A/c
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.31	Balance c/d		15,000	Jan.12	Purchases A/c		15,000
			15,000				15,000
				2017
				Feb. 01	Balance b/d		15,000

Discount Received Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.31	Balance c/d		600	Jan.13	Arun’s A/c		600
			600				600
				2017
				Feb.01	Balance b/d		600

Scooter Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.17	Cash A/c		18,000	Jan.31	Balance c/d		18,000
			18,000				18,000
2017
Feb.01	Balance b/d		18,000

Wages Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.27	Cash A/c		7,000	Jan.31	Balance c/d		7,000
			7,000				7,000
2017
Feb.01	Balance b/d		7,000

Salaries Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.27	Cash A/c		3,000	Jan.31	Balance c/d		3,000
			3,000				3,000
2017
Feb.01	Balance b/d		3,000

Drawings Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2017				2017
Jan.28	Purchases A/c		2,000	Jan.31	Balance c/d		5,100
Jan.28	Cash A/c		1,500
Jan.29	Cash A/c		1,600
			5,100				5,100
2017
Feb.01	Balance b/d		5,100

Trial Balance as on Jan. 31, 2017
Name of Accounts	L.F.	Debit Balances Amount (Rs)	Credit Balances Amount (Rs)
Cash A/c		25,350	–
Stock A/c		36,000	–
Mukesh Khanna’s A/c		16,200	–
Furniture A/c		8,000	–
Vinod’s A/c		–	8,000
Capital A/c		–	83,800
Office Equipment A/c		7,500	–
Discount Allowed A/c		1,250	–
Sales A/c		–	50,000
Gopal Seth’s A/c		3,500	–
Sales Return A/c		1,500	–
Purchases A/c		25,000	–
Varun’s A/c		–	15,000
Discount Received A/c		–	600
Scooter A/c		18,000	–
Wages A/c		7,000	–
Salaries A/c		3,000	–
Drawings A/c		5,100	–
Total		1,57,400	1,57,400

Page No 13.59:

Question 3:

Prepare Journal Entries of the following postings :-

(I) Dr.

PURCHASES A/C

Cr.

	₹		₹
To Cash A/c	2,000

(II) Dr.

SALARIES A/C

Cr.

	₹		₹
To Cash A/c	1,500

(III) Dr.

INTEREST A/C

Cr.

	₹		₹
		By Cash A/c	800

(IV) Dr.

MOHAN

Cr.

	₹		₹
To Cash A/c	5,000

Answer:

Journal In the Books of…
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
(I)	Purchases A/c	Dr.		2,000
	To Cash A/c				2,000
	(Goods purchased for cash)

(II)	Salaries A/c	Dr.		1,500
	To Cash A/c				1,500
	(Salary paid in cash)

(III)	Cash A/c	Dr.		800
	To Interest A/c				800
	(Received interest in cash)

(IV)	Mohan’s A/c	Dr.		5,000
	To Cash A/c				5,000
	(Cash paid to Mohan)

Page No 13.59:

Question 4:

Enter the following transactions in a Double Column Cash Book and Journal Proper and post them into Ledger ∶

May 1	Balance of Cash in Hand ₹ 12,400; Bank Overdraft ₹ 36,000.
3	Direct deposit by Mr. Ganesh in our bank account ₹ 10,000. Discount allowed ₹ 200.
5	Issued a cheque of ₹ 7,700 to Mr. Suresh in full settlement of his account of ₹ 8,000.
6	Received a cheque from X for ₹ 12,000. Discount allowed ₹ 500. This cheque was deposited into bank on 7th May.
8	Received Cash ₹ 22,000 and cheque of ₹ 8,000 for cash sale.
12	Cash sale ₹ 70,000 of which ₹ 55,000 banked.
15	Cheque received on 8th May endorsed to Mr. Sunil. Discount received ₹ 150.
20	Discounted a B/R of ₹ 10,000 at 1% through bank.
24	Cheque received from X dishonoured, Bank debits ₹ 20 in respect of bank charges.
25	Purchased goods for ₹ 50,000 at a trade discount of 10%. Payment was made in cash.
26	Withdrew from bank ₹ 10,000 for office use and ₹ 2,000 for personal use.
31	Interest debited by Bank ₹ 4,500.

Answer:

Cash Book
Dr.
Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)	Date	Particulars	L.F.	Cash (Rs)	Bank (Rs)
May 01	Balance b/d		12,400	–	May 01	Balance b/d		–	36,000
May 03	Ganesh’s A/c		–	10,000	May 05	Suresh’s A/c		–	7,700
May 07	Cheques-in-hand A/c		–	12,000	May 24	X’s A/c		–	12,000
May 08	Sales A/c		22,000	–	May 24	Bank Charges A/c		–	20
May 12	Sales A/c		15,000	55,000	May 25	Purchases A/c		45,000	–
May 20	Bills Receivable A/c		–	9,900	May 26	Cash A/c	C	–	10,000
May 26	Bank A/c	C	10,000	–	May 26	Drawings A/c		–	2,000
					May 31	Interest A/c		–	4,500
					May 31	Balance c/d		14,400	14,680
			59,400	86,900				59,400	86,900
June 01	Balance b/d		14,400	14,680

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
May 06	Cheques-in-Hand A/c	Dr.		12,000
	Discount Allowed A/c	Dr.		500
	To X’s A/c