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Page No 9.59:
Question 1:
Enter the following transactions in the Journal of Manohar Lal & Sons.:
2019  ₹  
March 1  Manohar Lal & Sons started business with cash  60,000 
2  Purchased furniture for cash  10,000 
4  Purchased goods for cash  25,000 
5  Bought goods from Kamlesh  15,000 
10  Paid cash to Kamlesh  15,000 
16  Purchased goods from Sohan  6,000 
18  Purchased goods from Sohan for cash  8,000 
20  Paid rent for the office  1,000 
Answer:
Journal In the Books of Manohar Lal 

Date  Particulars  L.F.  Debit Amount (₹)  Credit Amount (₹)  
2019  
Mar. 01  Cash A/c  Dr.  60,000  
To Capital A/c

60,000  
( Started business with cash)  
Mar. 02  Furniture A/c  Dr.  10,000  
To Cash A/c

10,000  
(Furniture purchased for cash)  
Mar. 04  Purchases A/c  Dr.  25,000  
To Cash A/c

25,000  
( Goods purchased for cash)  
Mar. 05  Purchases A/c  Dr.  15,000  
To Kamlesh’s A/c

15,000  
(Goods purchased from Kamlesh)  
Mar. 10  Kamlesh’s A/c  Dr.  15,000  
To Cash A/c

15,000  
(Cash paid to Kamlesh)  
Mar. 16  Purchases A/c  Dr.  6,000  
To Sohan’s A/c

6,000  
(Goods purchased from Sohan)  
Mar. 18  Purchases A/c  Dr.  8,000  
To Cash A/c

8,000  
(Goods purchased from Sohan for cash)  
Mar. 20  Rent A/c  Dr.  1,000  
To Cash A/c

1,000  
(Paid office rent)  
TOTAL  1,40,000  1,40,000  
Page No 9.60:
Question 2:
Enter the following transactions in the Journal of M/s Tripathi Bros. :
2019  ₹  
Jan. 6  Sold goods for cash  36,000 
8  Sold goods to Hari  30,000 
14  Received cash from Hari  18,000 
26  Received Commission  750 
27  Paid Salary to Gopal  1,200 
28  Received cash from Hari  12,000 
29  Withdrew cash from office for personal use  4,000 
30  Wages paid  7,200 
30  Bought Machinery for Cash  8,000 
Answer:
Journal 

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

2019 





Jan 06 
Cash A/c 
Dr. 

36,000 


To Sales A/c 



36,000 

(Sold goods for cash) 










Jan 08 
Hari A/c 
Dr. 

30,000 


To Sales A/c 



30,000 

(Sold goods to Hari) 










Jan 14 
Cash A/c 
Dr. 

18,000 


To Hari A/c 



18,000 

(Received cash from Hari) 










Jan 26 
Cash A/c 
Dr. 

750 


To Commission A/c 



750 

(Received commission) 










Jan 27 
Salary A/c 
Dr. 

1,200 


To Cash A/c 



1,200 

(Paid salary to Gopal) 










Jan 28 
Cash A/c 
Dr. 

12,000 


To Hari A/c 



12,000 

(Received cash from Hari) 










Jan 29 
Drawings A/c 
Dr. 

4,000 


To Cash A/c 



4,000 

(Drew cash for personal use) 










Jan 30 
Wages A/c 
Dr. 

7,200 


To Cash A/c 



7,200 

(Paid wages) 










Jan 30 
Machinery A/c 
Dr. 

8,000 


To Cash A/c 



8,000 

(Purchased machinery) 








1,17,150 
1,17,150 






Page No 9.60:
Question 3:
Enter the following transactions in the Journal of Sahil Bros. :
2018  ₹  
October  1  Purchased goods from Anil for Cash  40,000 
3  Purchased goods from Atul  75,000  
6  Returned goods to Atul  3,000  
8  Paid cash to Atul  50,000  
10  Sold goods to Charu  1,00,000  
12  Charu returned 20% of goods  
15  Paid rent  2,000  
20  Sahil withdrew for personal use  10,000 
Answer:
Journal In the Books of Sahil 

Date  Particulars  L.F.  Debit Amount (₹)  Credit Amount (₹)  
2018  
Oct. 01  Purchases A/c  Dr.  40,000  
To Cash A/c

40,000  
(Goods purchased from Anil for cash)  
Oct. 03  Purchases A/c  Dr.  75,000  
To Atul’s A/c

75,000  
(Goods purchased from Atul)  
Oct. 06  Atul’s A/c  Dr.  3,000  
To Purchases Return A/c

3,000  
(Goods returned to Atul)  
Oct. 08  Atul’s A/c  Dr.  50,000  
To Cash A/c

50,000  
(Cash paid to Atul)  
Oct. 10  Charu’s A/c  Dr.  1,00,000  
To Sales A/c

1,00,000  
( Goods sold to Charu)  
Oct. 12  Sales Return A/c  Dr.  20,000  
To Charu’s A/c

20,000  
(Goods returned to Charu)  
Oct. 15  Rent A/c  Dr.  2,000  
To Cash A/c

2,000  
(Rent paid)  
Oct. 20  Drawings A/c  Dr.  10,000  
To Cash A/c

10,000  
(Cash withdrawn for personal use)  
TOTAL  3,00,000  3,00,000  
Page No 9.60:
Question 4:
Enter the following transactions in the Journal of Ganesh Bros. :
2017  ₹  
March 3  Sold goods to Dev  1,00,000  
5  Received from Dev in full settlement of his account  98,000  
6  Sold goods to Manmohan  80,000  
8  Manmohan returned goods  1,000  
15  Received from Manmohan in full settlement of his account  78,200  
16  Received cash from Ram  19,500  
and discount allowed  500  
20  Paid cash to Pawan  4,700  
and discount received from him  300  
25  Sold goods to Varun of the list price of ₹ 25,000 at 20% trade discount 
Answer:
Journal In the Books of Ganesh 

Date  Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017  
Mar. 03  Dev’s A/c  Dr.  1,00,000  
To Sales A/c

1,00,000  
(Goods sold to Dev)  
Mar. 05  Cash A/c  Dr.  98,000  
Discount Allowed A/c  Dr.  2,000  
To Dev’s A/c

1,00,000  
(Cash received from Dev in full settlement of his account)  
Mar. 06  Manmohan’s A/c  Dr.  80,000  
To Sales A/c

80,000  
(Goods sold to Manmohan)  
Mar. 08  Sales Return A/c  Dr.  1,000  
To Manmohan’s A/c

1,000  
(Goods returned to Manmohan)  
Mar. 15  Cash A/c  Dr.  78,200  
Discount Allowed A/c  Dr.  800  
To Manmohan’s A/c

79,000  
(Cash received from Manmohan in full settlement of his account)  
Mar. 16  Cash A/c  Dr.  19,500  
Discount Allowed A/c  Dr.  500  
To Ram’s A/c

20,000  
(Cash received from Ram and discount allowed)  
Mar. 20  Pawan’s A/c  Dr.  5,000  
To Cash A/c

4,700  
To Discount Received A/c

300  
(Cash paid to Pawan and received discount)  
Mar. 25  Varun’s A/c  Dr.  20,000  
To Sales A/c

20,000  
(Goods sold @ 20% trade discount)  
TOTAL  4,05,000  4,05,000  
Page No 9.60:
Question 5:
Pass Journal entries in the books of Hari Shankar & Co. from the following:
2017  ₹  
April 1  Commenced business with cash  50,000 
2  Purchased goods from Subhash  20,000 
4  Sold goods to Ramnath  15,000 
6  Ramnath returned defective goods  1,000 
10  Received cash from Ramnath and  13,800 
Discount allowed  200  
12  Gopal sold goods to us  10,000 
14  Paid to Gopal in full settlement of his account after deducting 5% discount.  
15  Paid Rent  10,000 
16  Paid Rent of Hari Shankar's residence  5,000 
18  Purchased goods for cash from Govind for ₹ 6,000 at 20% trade discount.  
20  Purchased goods from Govind for ₹ 10,000 at 20% trade discount.  
24  Paid to Govind ₹ 7,850 in full settlement of his account.  
25  Paid to Subhash ₹ 4,750; discount received ₹ 250.  
30  Paid Wages ₹ 400; Salaries ₹ 4,000; Advertisement expenses ₹ 800 and Trade expenses ₹ 1,000. 
Answer:
Journal In the Books of Hari Shankar & Co. 

Date  Particulars  L.F.  Debit Amount (₹)  Credit Amount (₹)  
2017  
Apr. 01  Cash A/c  Dr.  50,000  
To Capital A/c

50,000  
(Started business with cash)  
Apr. 02  Purchases A/c  Dr.  20,000  
To Subhash’s A/c

20,000  
(Goods purchased from Subhash)  
Apr. 04  Ramnath’s A/c  Dr.  15,000  
To Sales A/c

15,000  
(Goods sold to Ramnath)  
Apr. 06  Sales Return A/c  Dr.  1,000  
To Ramnath’s A/c

1,000  
(Goods returned to Ramnath)  
Apr. 10  Cash A/c  Dr.  13,800  
Discount Allowed A/c  Dr.  200  
To Ramnath’s A/c

14,000  
(Cash received from Ramnath and allowed discount)  
Apr. 12  Purchases A/c  Dr.  10,000  
To Gopal’s A/c

10,000  
(Goods purchased from Gopal)  
Apr. 14  Gopal’s A/c  Dr.  10,000  
To Cash A/c

9,500  
To Discount Received A/c

500  
(Cash paid to Gopal in full settlement of his account)  
Apr. 15  Rent A/c  Dr.  10,000  
To Cash A/c

10,000  
(Rent paid)  
Apr. 16  Drawings A/c  Dr.  5,000  
To Cash A/c

5,000  
(Rent paid for Hari Shankar’s residence)  
Apr. 18  Purchases A/c  Dr.  4,800  
To Cash A/c

4,800  
(Goods purchased for cash at 20% trade discount)  
Apr. 20  Purchases A/c  Dr.  8,000  
To Govind’s A/c

8,000  
(Goods purchased from Govind at 20% trade discount)  
Apr. 24  Govind’s A/c  Dr.  8,000  
To Cash A/c

7,850  
To Discount Received A/c

150  
(Cash paid to Govind in full settlement of his account)  
Apr. 25  Subhash’s A/c  Dr.  5,000  
To Cash A/c

4,750  
To Discount Received A/c

250  
(Cash paid to Subhash in full settlement of his account)  
Apr. 30  Wages A/c  Dr.  400  
Salaries A/c  Dr.  4,000  
Advertisement Expenses A/c  Dr.  800  
Trade Expenses A/c  Dr.  1,000  
To Cash A/c

6,200  
(Expenses paid)  
TOTAL  1,67,000  1,67,000  
Page No 9.61:
Question 6:
Enter the following transaction in the Journal of Marutinandan Stores:
2017  
Jan. 10  Purchased goods from Ghanshyam of the list price of ₹ 50,000 at 15% trade discount.  
13  Returned goods to Ghanshyam of the list price of ₹ 2,000.  
15  Paid cash to Ghanshyam ₹ 40,000 in full settlement of his account.  
20  Purchased goods from Raghu of the list price of ₹ 60,000 at 10% trade discount.  
22  Returned goods to Raghu of the list price of ₹ 5,000.  
25  Paid cash to Raghu ₹ 49,000 in full settlement of his account. 
Answer:
Journal In the Books of Marutinandan Stores 

Date  Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017  
Jan. 10  Purchases A/c  Dr.  42,500  
To Ghanshyam’s A/c

42,500  
(Goods purchased at 15% trade discount)  
Jan. 13  Ghanshyam’s A/c  Dr.  1,700  
To Purchases Return A/c

1,700  
(Goods returned to Ghanshyam deducting trade discount of 15%)  
Jan. 15  Ghanshyam’s A/c  Dr.  40,800  
To Cash A/c

40,000  
To Discount Received A/c

800  
(Cash paid to Ghanshyam in full settlement of his account)  
Jan. 20  Purchases A/c  Dr.  54,000  
To Raghu’s A/c

54,000  
(Goods purchased from Raghu at trade discount of 10%)  
Jan. 22  Raghu’s A/c  Dr.  4,500  
To Purchases Return A/c

4,500  
(Goods returned to Raghu deducting trade discount of 10%)  
Jan. 25  Raghu’s A/c  Dr.  49,500  
To Cash A/c

49,000  
To Discount Received A/c

500  
(Cash paid to Raghu in full settlement of his account)  
1,93,000  1,93,000  
Page No 9.61:
Question 7:
Pass Journal Entries for the following transactions:
2017  
Jan 6  Sold goods to Muskan of the list price of ₹ 2,00,000 at trade discount of 20%.  
8  Muskan returned goods of the list price of ₹ 5,000.  
15  Received from Muskan the full payment under a cash discount of 4%. 
Answer:
Journal In the Books of … 

Date  Particulars  L. F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017  
Jan. 06  Muskan’s A/c  Dr.  1,60,000  
To Sales A/c

1,60,000  
(Goods sold to Muskan at trade discount of 20%)  
Jan. 08  Sales Return A/c  4,000  
To Muskan’s A/c

4,000  
(Goods returned by Muskan deducting trade discount of 20%)  
Jan. 15  Cash A/c  Dr.  1,49,760  
Discount Allowed A/c  Dr.  6,240  
To Muskan’s A/c

1,56,000  
(Cash received from Muskan in full settlement of her account)  
3,20,000  3,20,000  
Page No 9.61:
Question 8:
Give Journal Entries for the following transactions in the books of Raja Ram & Co. :
2017  
March 3  Bought goods for cash of the list price of ₹ 80,000 at 10% trade discount and 2$\frac{1}{2}$% cash discount.  
5  Sold goods for cash of the list price of ₹ 1,00,000 at 15% trade discount and 3% cash discount.  
6  Sold goods to Nagpal of the list price of ₹ 50,000 at 20% trade discount.  
8  Nagpal returned onefourth of the above goods.  
10  Nagpal settled the account by paying cash under a discount of 5%. 
Answer:
Journal In the Books of Raja Ram 

Date

Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017


Mar. 03

Purchases A/c  Dr.  72,000  

To Cash A/c  70,200  

To Discount Received A/c  1,800  

(Goods purchased for cash and received cash discount)  


Mar. 05

Cash A/c  Dr.  82,450  

Discount Allowed A/c  Dr.  2,550  

To Sales A/c  85,000  

(Goods sold for cash and allowed cash discount)  


Mar. 06

Nagpal’s A/c  Dr.  40,000  

To Sales A/c  40,000  

(Goods sold to Nagpal)  


Mar. 08

Sales Return A/c  Dr.  10,000  

To Nagpal’s A/c  10,000  

(Goods returned by Nagpal)  


Mar. 10

Cash A/c  Dr.  28,500  

Discount Allowed A/c  Dr.  1,500  

To Sales A/c  30,000  

(Cash received in full settlement)  

TOTAL  2,37,000  2,37,000  

Page No 9.62:
Question 9:
Pass Journal entries in the books of Raghunath Bros. from the following transactions:
2016  
June 01  Raghunath Bros. started business with cash ₹ 80,000; Goods ₹ 40,000 and furniture ₹ 20,000. 
June 02  Sold goods to Nandlal of the list price of ₹ 20,000 at trade discount of 10%. 
June 04  Nandlal returned goods of the list price of ₹ 4,000. 
June 08  Received from Nandlal ₹ 14,150 in full settlement of his account. 
June 10  Purchased goods from Brij Mohan of the list price of ₹ 10,000 at 15% trade discount. 
June 13  Returned goods to Brij Mohan of the list price of ₹ 1,000. 
June 16  Settled the account of Brij Mohan by paying cash, under a discount of 4%. 
June 18  Purchased goods from Anil ₹ 5,000; Sunil ₹ 10,000. 
June 19  Paid cash to Anil ₹ 1,900 and discount received ₹ 100. 
June 20  Paid ₹ 9,800 to Sunil in full settlement of his account. 
June 20  Bought a 'Table Fan' for ₹ 8,000 for the domestic use of Raghunath. 
June 25  Sold goods for cash of the list price of ₹ 8,000 at 10% trade discount and 3% cash discount. 
June 30  Paid Rent ₹ 8,000; Trade Expenses ₹ 7,000 and Travelling Expenses ₹ 3,800. 
Answer:
Journal
In the books of Raghunath Bros.


Date

Particulars

L.F.

Debit
Amount
(₹)

Credit
Amount
(₹)


2016






June 01

Cash A/c

Dr.


80,000



Stock A/c

Dr.


40,000



Furniture A/c

Dr.


20,000



To Capital A/c




1,40,000


(started business with cash, goods and furniture)











June 02

Nandlal

Dr.


18,000



To Sales A/c




18,000


(goods sold to Nandlal @ 10% Trade discount)











June 04

Sales return A/c

Dr.


3,600



To Nandlal




3,600


(goods sold to Nandlal returned)











June 08

Cash A/c

Dr.


14,150



Discount allowed A/c

Dr.


250



To Nandlal




14,400


(cash received from Nandlal in full settlement)











June 10

Purchases A/c

Dr.


8,500



To Brij Mohan




8,500


(purchased goods from Brij Mohan on credit)











June 13

Brij Mohan

Dr.


850



To Purchase Return A/c




850


(purchased goods returned by Brij Mohan)











June 16

Brij Mohan

Dr.


7,650



To discount received A/c




306


To Cash A/c




7,344


(settled amount due to Brij Mohan)











June 18

Purchases A/c

Dr.


15,000



To Anil




5,000


To Sunil




10,000


(credit purchase from Anil & Sunil)











June 19

Anil



2,000



To discount received A/c




100


To Cash A/c




1,900


(cash paid to Anil and received discount)











June 20

Sunil

Dr.


10,000



To discount received A/c




200


To Cash A/c




9,800


(cash paid to Sunil and received discount)











June 20

Drawings A/c

Dr.


8,000



To Cash A/c




8,000


(table fan purchased for personal use)











June 25

Cash A/c



6,984



Discount allowed A/c



216



To Sales A/c




7,200


(cash sales @10% TD & @5% Cash Discount)











June 30

Rent A/c

Dr.


8,000



Trade expenses A/c

Dr.


7,000



Travelling A/c

Dr.


3,800



To Cash A/c




18,800


(expenses paid in cash)






TOTAL



2,54,000

2,54,000







Page No 9.62:
Question 10:
Journalise the following transactions:
2019  
March 5  Sold goods to Shruti for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.  
10  Purchased goods from Richa for ₹ 60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately. 
Answer:
Journal 

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

2019 





Mar.05 
Shruti 
Dr. 

68,000 


To Sales A/c 



68,000 

(Goods sold to Shruti at 15% trade discount) 










Mar.05 
Bank A/c 
Dr. 

48,960 


Discount Allowed A/c 
Dr. 

2,040 


To Shruti 



51,000 

(Payment received and cash discount allowed) 










Mar.10 
Purchases A/c 
Dr. 

54,000 


To Richa 



54,000 

(Goods purchased from Richa at 10% trade discount) 










Mar.10 
Richa 
Dr. 

32,400 


To Bank A/c 



30,780 

To Discount Received A/c 



1,620 

(Payment made and cash discount received) 









Working Notes:
1. Amount of goods sold would be Rs 68,000 (80,000  15% of 80,000) and cash discount would be Rs 2,040, it would be calculated on amount received Rs 51,000 i.e., 75% of Rs 68,000.
2. Amount of goods purchased would be Rs 54,000 (60,000  10% of 60,000) and cash discount would be Rs 1,620, it would be calculated on amount paid Rs 32,400 i.e., 60% of Rs 54,000
Page No 9.62:
Question 11:
Pass journal entries for the following:
2019  
Jan. 6  Purchased goods from Henry for ₹ 50,000 on 10% trade discount and 4% cash discount and paid 60% amount by cheque.  
Jan. 15  Bought goods from Amit for ₹ 2,00,000 at terms 5% cash discount and 20% trade discount. Paid 3/4th of the amount in cash at the time of purchase.  
Jan. 18  Sold goods to Sherpa at the list price of ₹ 50,000 less 20% trade discount and 4% cash discount if the payment is made within 7 days. 75% payment is received by cheque on Jan. 23rd.  
Jan. 25  Sold goods to Garima for ₹ 1,00,000, allowed her 20% trade discount and 5% cash discount if the payment is made within 15 days. She paid 1/4th of the amount by cheque on Feb. 5th and 60% of the remainder on Feb.15th in cash 
Answer:
Journal In the Books of … 

Date  Particulars  L.F.  Debit Amount (₹)  Credit Amount (₹)  
2019  
Jan. 06  Purchases A/c  Dr.  45,000  
To Bank A/c (WN1)

25,920  
To Discount Received A/c

1,080  
To Henry’s A/c

18,000  
(Goods purchased and discount received on cash payment)  
Jan. 15  Purchases A/c  Dr.  1,60,000  
To Bank A/c

1,14,000  
To Discount Received A/c

6,000  
To Amit’s A/c

40,000  
(Goods purchased and discount received on cash payment)  
Jan. 18  Sherpa’s A/c  Dr.  40,000  
To Sales A/c

40,000  
(Goods sold to Sherpa on credit)  
Jan. 23  Bank A/c  Dr.  28,800  
Discount Allowed A/c  Dr.  1,200  
To Sherpa’s A/c

30,000  
(75% payment received by Sherpa and allowed cash discount)  
Jan. 25  Garima’s A/c  Dr.  80,000  
To Sales A/c

80,000  
(Goods sold to Garima on credit)  
Feb. 05  Bank A/c  Dr.  19,000  
Discount Allowed A/c  Dr.  1,000  
To Garima’s A/c

20,000  
(Cheque received from Garima and allowed cash discount)  
Feb. 15  Cash A/c*  Dr.  60,000  
To Garima’s A/c

60,000  
(Cash received from Garima)  
TOTAL  4,35,000  4,35,000  
Working Notes:
WN1: Calculation of Payment made to Henry
WN2: Calculation of Payment made to Amit
Page No 9.63:
Question 12:
Journalise the following transactions in the books of Dixit & Sons. :
2018  
March 2  Sold goods to Dilip of the list price of ₹ 62,000 for ₹ 60,000. 
16  Purchased goods costing ₹ 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount. 
20  Sold goods to Vishal Traders costing ₹ 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque. 
26  Sold goods to Brij & Co. costing ₹ 50,000 at 40% profit, allowing 10% trade discount and 5% cash discount. Brij & Co. paid the full amount by cheque and availed cash discount. 
Answer:
Journal 

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

2018 





Mar 02 
Dixit A/c 
Dr. 

60,000 


(Sold to Dixit) 










Mar 16 
Purchases A/c 
Dr. 

2,00,000 


To Hari & Co. 



50,000 

To Bank A/c 



1,44,000 

To Discount Received A/c 



6,000 

(Purchased from Hari & Co., 75% paid through cheque and partly credit) 










Mar 20 
Bank A/c 
Dr. 

9,000 


Vishal Traders A/c 
Dr. 

32,400 


Discount Allowed A/c 
Dr. 

3,600 


To Sales A/c 



45,000 

(Sold to Vishal Traders, partly received through cheque and partly credit) 










Mar 26 
Bank A/c 
Dr. 

59,850 


Discount Allowed A/c 
Dr. 

3,150 


To Sales A/c 



63,000 

(Sold to Brij & Co., received fully through cheque) 








3,68,000 
3,68,000 






Page No 9.63:
Question 13:
Journalise the following transactions:
2017  ₹  
Jan. 1  Paid into bank for opening a Current Account  10,000  
3  Goods sold for ₹ 50,000 and the amount was deposited into the bank  
7  Amount withdrawn from bank  20,000  
10  Goods sold for Cash  15,000  
12  Amount deposited into bank  12,000  
14  Goods purchased and payment made by cheque.  25,000 
Answer:
Journal In the Books of … 

Date  Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017  
Jan. 01  Bank A/c  Dr.  10,000  
To Cash A/c

10,000  
(Payment made to open current account)  
Jan. 03  Bank A/c  Dr.  50,000  
To Sales A/c

50,000  
(Goods sold and amount deposited into bank)  
Jan. 07  Cash A/c  Dr.  20,000  
To Bank A/c

20,000  
(Cash withdrawn from Bank)  
Jan. 10  Cash A/c  Dr.  15,000  
To Sales A/c

15,000  
(Goods sold for cash)  
Jan. 12  Bank A/c  Dr.  12,000  
To Cash A/c

12,000  
(Cash deposited into bank)  
Jan. 14  Purchases A/c  Dr.  25,000  
To Bank A/c

25,000  
(Goods purchased and payment made by cheque)  
TOTAL  1,32,000  1,32,000  
Page No 9.63:
Question 14(A):
Assets: Cash ₹ 8,000; Cash at Bank ₹ 7,000; Stock ₹ 30,000; Debtors : ₹ 36,000 (Mohan ₹ 10,000; Sohan ₹ 12,000; Dinesh ₹ 14,000); Furniture ₹ 5,000; Building ₹ 25,000.
Liabilities: Creditors− X ₹ 5,000; Y ₹ 6,000.
In April, 2017, the following transaction took place:
2017  ₹  
April 2  Bought goods of the list price of ₹ 6,000 from Khanna Brothers less 15% trade discount and 2% cash discount and paid 40% price at the same time.  
3  Received a draft from Mohan in full settlement and deposited it into Bank  9,750  
5  Purchased goods from Suresh of the list price of ₹ 8,000 at 20% trade discount and paid him by cheque.  
8  Sold goods and received a cheque  25,000  
10  Deposited the above cheque into Bank  
12  Sohan deposited in our Bank A/c  4,000  
16  Paid Income Tax by Cheque  5,600  
20  Received a cheque from Sohan and sent to Bank  7,800  
Discount allowed  200  
21  Withdrew from Bank−for office  2,000  
for private use

4,000  
23  Sent a cheque to X in full settlement of his A/c  4,900  
27  Cheque of Sohan returned by the bank as dishonoured.  
28  Dinesh was declared insolvent and a payment of 60 paise in a ₹ received from his estate by a Cheque  
30  Bank allowed Interest  350  
Paid for Rent by cheque  1,500  
Paid for traveling expenses by cheque  500 
Answer:
Journal In the Books of Radhika Traders 

Date  Particulars  L.F.  Debit Amount (Rs)  Credit Amount (Rs)  
2017  
April 01  Cash in Hand A/c  Dr.  8,000  
Cash at Bank A/c  Dr.  7,000  
Stock A/c  Dr.  30,000  
Mohan’s A/c  Dr.  10,000  
Sohan’s A/c  Dr.  12,000  
Dinesh’s A/c  Dr.  14,000  
Furniture A/c  Dr.  5,000  
Building A/c  Dr.  25,000  
To X’s A/c  5,000  
To Y’s A/c  6,000  
To Capital A/c (Balancing figure)  1,00,000  
(Balances of previous year brought forward)  
April 02  Purchases A/c  Dr.  5,100  
To Khanna Brothers  3,060  
To Cash A/c  1,999  
To Discount Received A/c  41  
(Goods purchased and received discount on cash payment)  
April 03  Bank A/c  Dr.  9,750  
Discount Allowed A/c  Dr.  250  
To Mohan  10,000  
(Draft received from Mohan deposited into bank)  
April 05  Purchases A/c  Dr.  6,400  
To Bank A/c  6,400  
(Goods purchased and payment made by cheque)  
April 08  ChequesinHand A/c  Dr.  25,000  
To Sales A/c  25,000  
(Goods sold and received a cheque)  
April 10  Bank A/c  Dr.  25,000  
To ChequesinHand A/c  25,000  
(Cheque deposited into bank)  
April 12  Bank A/c  Dr.  4,000  
To Sohan’s A/c  4,000  
(Amount deposited by Sohan)  
April 16  Drawings A/c  Dr.  5,600  
To Cash A/c  5,600  
(Income tax paid)  
April 20  Bank A/c  Dr.  7,800  
Discount Allowed A/c  Dr.  200  
To Sohan’s A/c  8,000  
(Banked cash received from 