Double Entry Book Keeping Ts Grewal 2019 Solutions for Class 11 Commerce ACCOUNTANCY Chapter 5

Question 1:

Following transactions of Ramesh for April, 2019 are given below. Journalise them.

2019		â‚¹
April 1	Ramesh started business with cash	1,00,000
April 2	Paid into bank	20,000
April 3	Bought goods for cash	50,000
April 4	Drew cash from bank for office use	10,000
April 13	Sold goods to Krishna	15,000
April 20	Bought goods from Shyam	22,500
April 22	Krishna returned goods	2,000
April 24	Received from Krishna	12,500
	Allowed him discount	500
April 28	Paid cash to Shyam	21,500
	Discount received	1,000
April 30	Cash sales for the month	80,000
April 30	Paid rent	5,000
April 30	Paid salary	10,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
2019
Apr 01	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Started business with cash)

Apr 02	Bank A/c	Dr.		20,000
	To Cash A/c				20,000
	(Paid into bank)

Apr 03	Purchases A/c	Dr.		50,000
	To Cash A/c				50,000
	(Goods purchased)

Apr 04	Cash A/c	Dr.		10,000
	To Bank A/c				10,000
	(Drew from bank for office use)

Apr 13	Krishna A/c	Dr.		15,000
	To Sales A/c				15,000
	(Goods sold to Kirshna for Cash)

Apr 20	Purchases A/c	Dr.		22,500
	To Cash A/c				22,500
	(Goods purchased for cash)

Apr 22	Sales Return A/c	Dr.		2,000
	To Krishna A/c				2,000
	(Goods sold to Krishna returned)

Apr 24	Cash A/c	Dr.		12,500
	Discount Allowed A/c	Dr.		500
	To Krishna A/c				13,000
	(Received from Krishna)

Apr 28	Shyam A/c	Dr.		22,500
	To Cash A/c				21,500
	To Discount Received A/c				1,000
	(Paid to Shyam)

Apr 30	Cash A/c	Dr.		80,000
	To Sales				80,000
	(Cash sales for the month of April)

Apr 30	Rent A/c	Dr.		5,000
	To Cash A/c				5,000
	(Paid rent)

Apr 30	Salary A/c	Dr.		10,000
	To Cash A/c				10,000
	(Paid salary)

Question 2:

Journalise the following transactions of Mr. Rahul:

2019		â‚¹
Jan. 1	Rahul started business with cash	1,00,000
Jan. 2	Paid into bank	60,000
Jan. 3	Bought goods from M/s. Singh & Co.	20,000
Jan. 3	Paid cartage	300
Jan. 4	Purchased furniture	2,000
Jan. 4	Placed an order for HP Printers for â‚¹ 15,000, amount advanced	5,000
Jan. 4	Purchased calculator	1,000
Jan. 4	Purchased computer through cheque	13,000
Jan. 6	Paid for postage	150
Jan. 8	Sold goods for cash	4,000
Jan. 9	Sold goods to M/s. Sharda & Co.	10,000
Jan. 9	Paid cartage	200
Jan. 15	Paid to M/s Singh & Co. on account	17,500
Jan. 25	Sold goods to M/s. Ray & Co.	5,600
Jan. 27	Received cheque from M/s. Sharda & Co. in full settlement of amount due from them	9,750
Jan. 31	Paid for electricity charges	1,000
Jan. 31	Paid salary	1,500
Jan. 31	â€‹ Paid rent of building by cheque, half of the building is used by the proprietor for residential use	5,000
Jan. 31	Drew for private use	3,500

Answer:

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

Jan.02	Bank A/c	Dr.		60,000
	To Cash A/c				60,000
	(Cash deposited into cash)

Jan.03	Purchases A/c	Dr.		20,000
	To Cash A/c				20,000
	(Goods purchased for cash)

Jan.03	Cartage A/c	Dr.		300
	To Cash A/c				300
	(Cartage paid)

Jan.04	Furniture A/c	Dr.		2,000
	To Bank A/c				2,000
	(Furniture purchased by cheque)

Jan.04	HP Printers A/c	Dr.		5,000
	To Bank A/c				5,000
	(Advance paid for placing an order for printer)

Jan.04	Office Equipments A/c	Dr.		1,000
	To Bank A/c				1,000
	(Calculator purchased by cheque)

Jan.04	Computer A/c			13,000
	To Bank A/c				13,000
	(Computer purchased by cheque)

Jan.06	Postage A/c	Dr.		150
	To Cash A/c				150
	(Postage paid)

Jan.08	Cash A/c	Dr.		4,000
	To Sales A/c				4,000
	(Goods Sold)

Jan.09	Cash A/c	Dr.		10,000
	To Sales A/c				10,000
	(Goods Sold)

Jan.09	Cartage A/c	Dr.		200
	To Cash A/c				200
	(Cartage paid)

Jan.15	M/s Singh & Co. A/c	Dr.		17,500
	To Cash A/c				17,500
	(Payment made)

Jan.25	M/s Ray & Co. A/c	Dr.		5,600
	To Sales A/c				5,600
	(Goods Sold)

Jan.27	Bank A/c	Dr.		9,750
	Discount Allowed A/c	Dr.		250
	To M/s Sharda & Co. A/c				10,000
	(Payment Received)

Jan.31	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Electricity Charges paid)

Jan.31	Salary A/c	Dr.		1,500
	To Cash A/c				1,500
	(Salary paid)

Jan.31	Rent A/c	Dr.		2,500
	Drawings A/c	Dr.		2,500
	To Cash A/c				5,000
	(Rent paid)

Jan.31	Drawings A/c	Dr.		3,500
	To Cash A/c				3,500
	(Cash withdrawn for personal use)

Question 3:

Journalise the following transactions in the books of M/s. R.K. & Co.:
(i) Purchased goods of list price of â‚¹ 20,000 from Vishal at 20% trade discount against cheque payment.
(ii) Purchased goods of list price of â‚¹ 20,000 from Naman at 15% trade discount against cash.
(iii) Purchased goods of list price of â‚¹ 30,000 from Amrit at 20% trade discount.
(iv) Purchased goods of list price of â‚¹ 40,000 for â‚¹ 35,000 for cash.
(v) Goods returned of list price â‚¹ 10,000 purchased from Amrit.
(vi) Sold goods to Parul of list price of â‚¹ 40,000 at 10% trade discount against cheque payment.
(vii) Sold goods to Aman of list price of â‚¹ 30,000 at 10% trade discount against cash.
(viii) Sold goods to Pawan of list price of â‚¹ 20,000 at 10% trade discount.
(ix) Sold goods to Yamini of list price of â‚¹ 25,000 for â‚¹ 23,000.
(x) Sold goods costing â‚¹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh.
(xi) Sold goods purchased at list price of â‚¹ 50,000 less 15% trade discount sold at a profit of 25% less 10% trade discount against cheque.
(xii) Aman returned goods of list price of â‚¹ 10,000 sold to him at 10% trade discount.

Answer:

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

(i)	Purchase A/c	Dr.		16,000
	To Bank A/c				16,000
	(Goods purchased from Vishal by cheque)

(ii)	Purchase A/c	Dr.		17,000
	To Cash A/c				17,000
	(Goods purchased from Naman for cash)

(iii)	Purchase A/c	Dr.		24,000
	To Amrit				24,000
	(Goods purchased from Amrik on credit)

(iv)	Purchase A/c	Dr.		35,000
	To Cash A/c				35,000
	(Goods purchased for cash)

(v)	Amrit	Dr.		8,000
	To Purchase Returns A/c				8,000
	(Goods returned by Amrik)

(vi)	Bank A/c	Dr.		36,000
	To Sales A/c				36,000
	(Goods sold to Parul by cheque)

(vii)	Cash A/c	Dr.		27,000
	To Sales A/c				27,000
	(Goods sold to Aman for cash)

(viii)	Pawan	Dr.		18,000
	To Sales A/c				18,000
	(Goods sold to Pawan on credit)

(ix)	Yamini	Dr.		23,000
	To Sales A/c				23,000
	(Goods sold to Yamini on credit)

(x)	Bhupesh	Dr.		10,800
	To Sales A/c				10,800
	(Goods sold to Bhupesh on credit)

(xi)	Bank A/c	Dr.		47,812.50
	To Sales A/c				47,812.50
	(Goods sold against cheque)

(xii)	Sales Returns A/c	Dr.		9,000
	To Aman				9,000
	(Goods returned by Aman )

Working Notes:

WN1: Calculation of Sales price

Sales Price = $(10, 000 + 20 % = 12, 000 - 10 %) = Rs 10,800$

WN 2: Calculation of Purchase price and Sales price

$\begin{array}{l} Purchase Price = (50, 000 - 15 %) Rs 42,500 \\ Sales Price = (42, 500 + 25 % = 53, 125 - 10 %) = Rs 47,812.5 \end{array}$

Question 4:

Journalise the following transactions in the books of Bhushan Agencies:
(i) Received from Bharat cash â‚¹ 20,000, allowed him discount of â‚¹ 500.
(ii) Received from Vikas â‚¹ 35,000 by cheque, allowed him discount of â‚¹ 750.
(iii) Received from Akhil â‚¹ 38,000 in settlement of his dues of â‚¹ 40,000 in cash.
(iv) Received from Amrit â‚¹ 50,000 by cheque on account against dues of â‚¹ 60,000.
(v) Paid cash â‚¹ 40,000 to suresh, availed discount of 2%.
(vi) Paid by cheque â‚¹ 25,000 to Mehar and settled her dues of â‚¹ 26,000.
(vii) Paid â‚¹ 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing â‚¹ 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing â‚¹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
(x) Sold goods of â‚¹ 30,000 against cheque allowing 2% discount.
(xi) Sold goods of â‚¹ 60,000 to Vimal received 50% of due amount allowing 2% discount.

Answer:

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

(i)	Cash A/c	Dr.		20,000
	Discount Allowed A/c	Dr.		500
	To Bharat				20,500
	(Payment received from Bharat)

(ii)	Bank A/c	Dr.		35,000
	Discount Allowed A/c	Dr.		750
	To Vikas				35,750
	(Payment received from Vikas)

(iii)	Cash A/c	Dr.		38,000
	Discount Allowed A/c	Dr.		2,000
	To Akhil				40,000
	(Payment received from Akhil)

(iv)	Bank A/c	Dr.		50,000
	To Amrit				50,000
	(Payment received from Amrit)

(v)	Suresh	Dr.		40,000
	To Cash A/c				39,200
	To Discount Received A/c				800
	(Payment made to Suresh)

(vi)	Mehar	Dr.		26,000
	To Bank A/c				25,000
	To Discount Received A/c				1,000
	(Payment made to Meher)

(vii)	Yogesh	Dr.		25,000
	To Bank A/c				25,000
	(Payment made to Yogesh)

(viii)	Purchases A/c	Dr.		97,000
	To Bank A/c				97,000
	(Goods bought against cheque)

(ix)	Purchases A/c	Dr.		60,000
	To Akash & Co.				30,000
	To Cash A/c				29,100
	To Discount Received A/c				900
	(Goods bought from Akash & Co.)

(x)	Bank A/c	Dr.		29,400
	To Sales A/c				29,400
	(Goods sold against cheque)

(xi)	Vimal	Dr.		30,000
	Cash A/c	Dr.		29,400
	Discount Allowed A/c	Dr.		600
	To Sales A/c				60,000
	(Goods sold to Vimal)

Question 5:

Journalise the following transactions:

		â‚¹
(i)	Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. He owed us	10,000
(ii)	Received cash for bad debts written off last year.	5,000
(iii)	Rent due to landlord.	8,000
(iv)	Salaries due to clerks.	10,000
(v)	Placed an order with Rakesh Mohan for the supply of goods of the list price of â‚¹ 1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque.

Answer:

Journal
Sr. No.	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

(i)	Cash A/c	Dr.		7,500
	Bad Debts A/c	Dr.		2,500
	To Shyam’s A/c				10,000
	(Insolvency of Shyam with 75 paisa in a rupee recoverable)

(ii)	Cash A/c	Dr.		5,000
	To Bad Debts Recovered A/c				5,000
	(Amount written off as bad debts recovered)

(iii)	Rent A/c	Dr.		8,000
	To Outstanding Rent A/c				8,000
	(Rent due to landlord)

(iv)	Salary A/c	Dr.		10,000
	To Outstanding Salary A/c				10,000
	(Salary due to clerk)

(v)	Advance to Rakesh Mohan A/c	Dr.		10,000
	To Bank A/c				10,000
	(Advance paid to Rakesh Mohan for a future order)

Question 6:

Journalise the following entries:
(i) Goods costing â‚¹ 500 given as charity.
(ii) Sold goods to Mayank of â‚¹ 1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale.
(iii) Received â‚¹ 975 from Harikrishna in full settlement of his account of â‚¹ 1,000.
(iv) Received a first and final dividend of 60 paise in a rupee from the Official Receiver of Rajan, who owed us â‚¹ 1,000.
(v) Charge interest on Drawings â‚¹ 1,500.
(vi) Sold goods costing â‚¹ 40,000 to Anil for cash at a profit of 25% on cost less 20% trade discount and paid cartage â‚¹ 100, which is not to be charged from customer.

Answer:

Journal
Sr. No.	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
(i)	Charity A/c	Dr.		500
	To Purchases A/c				500
	(Goods given as charity)

(ii)	Bank A/c	Dr.		25,000
	Mayank A/c	Dr.		75,000
	To Sales A/c				1,00,000
	(Goods sold partly through cheque and partly through credit)

(iii)	Cash A/c	Dr.		975
	Discount Allowed A/c	Dr.		25
	To Harikrishna A/c				1,000
	(Cash received from Harikrishna in full and final settlement)

(iv)	Cash A/c	Dr.		600
	Bad Debts A/c	Dr.		400
	To Rajan A/c				1,000
	(First and final dividend received from Rajan in full settlement of his debt)

(v)	Drawings A/c	Dr.		1,500
	To Interest on Drawings A/c				1,500
	(Interest on drawings charged)

(vi)	Cash A/c	Dr.		40,000
	To Sales A/c				40,000
	(Goods sold to Anil at 25% profit on cost and 20% Trade Discount)

	Cartage A/c	Dr.		100
	To Cash A/c				100
	(Cartage paid)

Question 7:

Journalise the following transactions:

(a)

(b)
(c)
(d)
(e)
(f)
(g)

Shyam became insolvent. A first and final compensation of 75 paise in a rupee
was received from his official receiver. He owed a debt of
Received cash for a bad debt written off last year
Rent due to landlord
Depreciation on office furniture
Salaries due to staff
Paid income tax
Received commission â‚¹ 25,000, half of which is in advance

â‚¹
50,000
25,000
40,000
5,000
50,000
1,50,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
(a)	Cash A/c	Dr.		37,500
	Bad-Debts A/c	Dr.		12,500
	To Shyam A/c				50,000
	(75 paise in a rupee received from Shyam)

(b)	Cash A/c	Dr.		25,000
	To Bad-Debts Recovered A/c				25,000
	(Received cash against debts written off as bad earlier)

(c)	Rent A/c	Dr.		40,000
	To Rent Outstanding A/c				40,000
	(Rent due)

(d)	Depreciation A/c	Dr.		5,000
	To Office Furniture A/c				5,000
	(Depreciation on office furniture)

(e)	Salary A/c	Dr.		50,000
	To Salary Outstanding A/c				50,000
	(Salary due)

(f)	Drawings A/c	Dr.		1,50,000
	To Cash A/c				1,50,000
	(Paid income tax)

(g)	Cash A/c	Dr.		25,000
	To Commission A/c				12,500
	To Commission Received in Advance A/c				12,500
	(Commission received, half of which is advance)

Question 8:

Journalise the following transactions of Singh Enterprises, Delhi:

2018		â‚¹
June 1	Started business with cash	50,000
June 2	Deposited cheque from Savings Account in firm's account	2,00,000
June 3	Received cash from Ram	50,000
June 4	Purchased goods for cash	15,000
June 11	Sold goods to M/s. Hari Sales, Delhi	12,000
June 13	Paid to Ramavtar	40,000
June 17	Received from M/s. Hari Sales	10,000
June 20	Bought furniture from S.R. Furnishers against Cash	22,400
June 27	Paid rent	28,000
June 30	Paid salary	50,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
2018
June 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

June 02	Bank A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Cheque from Savings A/c to Firm’s A/c)

June 03	Cash A/c	Dr.		50,000
	To Ram’s A/c				50,000
	(Received cash)

June 04	Purchases A/c	Dr.		15,000
	To Cash A/c				15,000
	(Goods purchased)

June 11	M/s Hari A/c	Dr.		12,000
	To Sales A/c				12,000
	(Goods sold on credit)

June 13	Ramavtar’s A/c	Dr.		40,000
	To Cash A/c				40,000
	(Paid cash to Ramavtar)

June 17	Cash A/c	Dr.		10,000
	To M/s Hari A/c				10,000
	(Received cash from M/s Hari A/c)

June 20	Furniture A/c	Dr.		20,000
	To Cash A/c				20,000
	(Bought furniture for cash)

June 27	Rent A/c	Dr.		28,000
	To Cash A/c				28,000
	(Paid rent)

June 30	Salary A/c	Dr.		50,000
	To Cash A/c				50,000
	(Paid salary)

Question 9:

Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh):

2019		â‚¹
Jan 1	Rakesh commenced business with cash	50,000
Jan 2	Purchased goods for cash	10,000
Jan 5	Purchased goods from Mohan, Delhi	6,000
Jan 7	Opened bank account with Bank of India	10,000
Jan 10	Purchased furniture for office	2,000
Jan 15	Sold goods for cash	8,000
Jan 20	Sold goods to Ram, Delhi	5,000
Jan 25	Cash sales	3,500
Jan 27	Paid to Mohan on account	3,000
Jan 28	Ram returns goods costing	500
Jan 31	Paid Salaries	9,000
Jan 31	Rejected and returned 10% of goods supplied by Mohan

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
2019
Jan 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

Jan 02	Purchases A/c	Dr.		10,000
	To Cash A/c				10,000
	(Goods purchased)

Jan 05	Purchases A/c	Dr.		6,000
	To Mohan A/c				6,000
	(Goods purchased)

Jan 07	Bank A/c	Dr.		10,000
	To Cash A/c				10,000
	(Opened Bank A/c)

Jan 10	Furniture A/c	Dr.		2,000
	To Cash A/c				2,000
	(Furniture purchased)

Jan 15	Cash A/c	Dr.		8,000
	To Sales A/c				8,000
	(Goods sold)

Jan 20	Ram A/c	Dr.		5,000
	To Sales A/c				5,000
	(Goods sold)

Jan 25	Cash A/c	Dr.		3,500
	To Sales A/c				3,500
	(Goods sold)

Jan 27	Mohan’s A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid to Mohan on account)

Jan 28	Sales Return A/c	Dr.		500
	To Ram’s A/c				500
	(Goods returned by Ram)

Jan 31	Salary A/c	Dr.		9,000
	To Cash				9,000
	(Paid salaries)

Jan 31	Mohan’s A/c	Dr.		600
	To Purchases Return A/c				600
	(Returned 10% of the goods supplied by Mohan)

Question 10:

Journalise the following transactions of Satish, Noida (UP):

2019		â‚¹
Jan 1	Started business with cash	40,000
Jan 2	Opened Bank Account by cheque from Savings Account	60,000
Jan 3	Bought goods from M/s. S. Singh & Co., Delhi	20,000
Jan 4	Introduced additional capital by cheque	5,000
Jan 4	Purchased computer against cheque from Computer Mart, Noida	15,000
Jan 6	Paid for postage stamps	150
Jan 8	Sold goods for cash	4,000
Jan 9	Sold goods to M/s Sharda & Co., Delhi	10,000
Jan 15	Paid the due amount to M/s S. Singh & Co. after availing discount of â‚¹ 400
Jan 25	Sold goods to M/s Ray & Co., Kolkata	5,600
Jan 27	Received cheque from M/s Sharda & Co. in full settlement of amount due from them	11,000
Jan 31	Paid for electricity charges	1,000
Jan 31	Paid rent of building by cheque. Half of the building is used by the proprietor for residential use.	5,000
Jan 31	Drew for personal use	3,500

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
2019
Jan 01	Cash A/c	Dr.		40,000
	To Capital A/c				40,000
	(Started business with cash)

Jan 02	Bank A/c	Dr.		60,000
	To Capital A/c				60,000
	(Cheque from Savings A/c to Firm’s A/c)

Jan 03	Purchases A/c	Dr.		20,000
	To M/s S. Singh & Co. A/c				20,000
	(Goods purchased)

Jan 04	Computer A/c	Dr.		15,000
	To Bank A/c				15,000
	(Purchased computer)

Jan 06	Postage A/c	Dr.		150
	To Cash A/c				150
	(Paid for postage)

Jan 08	Cash A/c	Dr.		4,000
	To Sales A/c				4,000
	(Goods sold)

Jan 09	M/s Sharda & Co. A/c	Dr.		10,000
	To Sales A/c				10,000
	(Goods sold)

Jan 15	M/s S. Singh & Co. A/c	Dr.		20,000
	To Cash A/c				19,600
	To Discount Received A/c				400
	(Paid to M/s S. Singh & Co.)

Jan 25	M/s Ray & Co. A/c	Dr.		5,600
	To Sales A/c				5,600
	(Goods sold)

Jan 27	Bank A/c	Dr.		10,000
	To M/s Sharda & Co. A/c				10,000
	(Received from M/s Sharda & Co.)

Jan 31	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid for electricity charges)

Jan 31	Rent A/c	Dr.		2,500
	Drawings A/c	Dr.		2,500
	To Cash A/c				5,000
	(Paid rent for building, half building is occupied by proprietorfor residential purpose)

Jan 31	Drawings A/c	Dr.		3,500
	To Cash				3,500
	(Drawings made by proprietor)

Note: There is an error in the question as the amount paid by M/s Sharda & Co. against goods sold can be eaqual to or less than the amount due but not more. Thus, taken to be as â‚¹10,000 instead of â‚¹11,000.

Question 11:

Following are the transactions of R.Singh & Co., Kanpur (UP) for the month of July, 2018. You are required to Journalise them:

2018
July 1
July 1
July 1
July 2
July 5
July 6
July 11
July 12
July 16
July 20
July 23
July 26
July 28
July 31

Started business with cash
Cash paid into bank
â€‹Bought stationery of â‚¹ 300 plus CGST and SGST @ 6% each
Bought goods of â‚¹ 21,000 plus CGST and SGST @ 6% each
Sold goods of â‚¹ 7,500 plus CGST and SGST @ 6% each
Bought office furniture of â‚¹ 5,000 plus CGST and SGST @ 6% each from Banerjee Bros.
Sold goods of â‚¹ 10,000 plus CGST and SGST @ 6% each to Mahendra
Received cheque from Mahendra for the amount due
Sold goods of â‚¹ 5,000 plus CGST and SGST @ 6% each to Ramesh & Co.
Bought goods of â‚¹ 20,000 plus IGST @ 12% from S. Seth & Bros., Delhi
Bought goods of â‚¹ 2,250 plus IGST @12 % for cash from S. Narain & Co., Ludhiana (Punjab)
Ramesh & Co. paid on account
Paid to S. Seth & Bros. by cheque in full settlement
Rent is due to S. Sharma but not yet paid.

â‚¹ 80,000

50,000

2,500
22,000
1,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (â‚¹)	Credit Amount (â‚¹)
2018
July 01	Cash A/c	Dr.		80,000
	To Capital A/c				80,000
	(Started business with cash)

July 01	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash paid into bank)

July 01	Stationery A/c	Dr.		300
	Input CGST A/c	Dr.		18
	Input SGST A/c	Dr.		18
	To Cash A/c				336
	(Stationery purchased)

July 02	Purchases A/c	Dr.		21,000
	Input CGST A/c	Dr.		1,260
	Input SGST A/c	Dr.		1,260
	To Cash A/c				23,520
	(Purchased goods)

July 05	Cash A/c	Dr.		8,400
	To Sales A/c				7,500
	To Output CGST A/c				450
	To Output SGST A/c				450
	(Goods sold)

July 06	Furniture A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Banerjee Bros. A/c				5,600
	(Furniture purchased)

July 11	Mahendra A/c	Dr.		11,200
	To Sales A/c				10,000
	To Output CGST A/c

Double Entry Book Keeping Ts Grewal 2019 Solutions for Class 11 Commerce Accountancy Chapter 5 - Journal

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