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. |
(II) Dr. |
SALARIES A/C |
Cr. |
(III) Dr. |
INTEREST A/C |
Cr. |
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 |
|
|
|
|