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Page No 11.33:

Question 1:

Answer:

Books of Subhash General Stores

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

May 01

M/s. Chunni Lal Mam, Raj Delhi

 

 

 

 

100 bags Wheat @ Rs 530 per bag

 

53,000

 

 

50 bags Rice Basmati @ Rs 500 per bag

 

25,000

 

 

 

 

78,000

 

 

Less: 10% Trade Discount

 

(7,800)

70,200

 

 

 

 

 

May 03

M/s. Kanodia Oil Mills, Delhi

 

 

 

 

40 tins Oil @ Rs 450 per tin

 

18,000

 

 

20 tins Banaspati Oil @ Rs 350 per tin

 

7,000

 

 

 

 

25,000

 

 

Less: 5% Trade Discount

 

(1,250)

23,750

 

 

 

 

 

May 04

M/s. Gupta Bros, Hapur

 

 

 

 

25 bags Gram @ Rs 48 per bag

 

1,200

 

 

40 bags Oats @ Rs 25 per bag

 

1,000

 

 

 

 

2,200

 

 

Less: 5% Trade Discount

 

(110)

2,090

 

Purchases A/c

Dr.

 

 

96,040

 

 

 

 

 



Page No 11.34:

Question 2:

Books of Subhash General Stores

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

May 01

M/s. Chunni Lal Mam, Raj Delhi

 

 

 

 

100 bags Wheat @ Rs 530 per bag

 

53,000

 

 

50 bags Rice Basmati @ Rs 500 per bag

 

25,000

 

 

 

 

78,000

 

 

Less: 10% Trade Discount

 

(7,800)

70,200

 

 

 

 

 

May 03

M/s. Kanodia Oil Mills, Delhi

 

 

 

 

40 tins Oil @ Rs 450 per tin

 

18,000

 

 

20 tins Banaspati Oil @ Rs 350 per tin

 

7,000

 

 

 

 

25,000

 

 

Less: 5% Trade Discount

 

(1,250)

23,750

 

 

 

 

 

May 04

M/s. Gupta Bros, Hapur

 

 

 

 

25 bags Gram @ Rs 48 per bag

 

1,200

 

 

40 bags Oats @ Rs 25 per bag

 

1,000

 

 

 

 

2,200

 

 

Less: 5% Trade Discount

 

(110)

2,090

 

Purchases A/c

Dr.

 

 

96,040

 

 

 

 

 

Answer:

Books Verma Bros.

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 03

M/s. Birla Mills

 

 

 

 

100 pieces long cloth @ Rs 80 each

 

8,000

 

 

50 pieces shirting @ Rs 100 each

 

5,000

13,000

 

 

 

 

 

Jan. 15

M/s. Arvind Mills

 

 

 

 

20 pieces coating @ Rs 1,000 each

 

20,000

 

 

10 pieces shirting @ Rs 90 each

 

900

20,900

 

 

 

 

 

Jan. 31

Purchases A/c

Dr.

 

 

33,900

 

 

 

 

 

Page No 11.34:

Question 3:

Books Verma Bros.

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 03

M/s. Birla Mills

 

 

 

 

100 pieces long cloth @ Rs 80 each

 

8,000

 

 

50 pieces shirting @ Rs 100 each

 

5,000

13,000

 

 

 

 

 

Jan. 15

M/s. Arvind Mills

 

 

 

 

20 pieces coating @ Rs 1,000 each

 

20,000

 

 

10 pieces shirting @ Rs 90 each

 

900

20,900

 

 

 

 

 

Jan. 31

Purchases A/c

Dr.

 

 

33,900

 

 

 

 

 

Answer:

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Cost

(Rs)

Freight

(Rs)

Total

(Rs)

2016

 

 

 

 

 

 

April 01

BPL

 

 

 

 

 

 

20 Colour T.V. @ Rs 15,000 each

 

3,00,000

 

 

 

 

Less: 10% Trade Discount

 

(30,000)

2,70,000

2,000

2,72,000

 

 

 

 

 

 

 

April 15

Soni India Ltd.

 

 

 

 

 

 

10 Colour T.V. @ Rs 20,000

 

2,00,000

 

 

 

 

Less: 10% Trade Discount

 

(20,000)

1,80,000

1,000

1,81,000

 

 

 

 

 

 

 

April 20

India Today Ltd.

 

 

 

 

 

 

10 Music Systems @ Rs 10,000

 

1,00,000

 

 

 

 

Less: 15% Trade Discount

 

(15,000)

85,000

1,000

86,000

 

 

 

 

 

 

 

April 30

Videocon India Ltd.

 

 

 

 

 

 

5 Washing Machines @ Rs 15,000 each

 

75,000

 

 

 

 

Less: 20% Trade Discount

 

(15,000)

60,000

1,000

61,000

 

 

 

 

5,95,000

5,000

6,00,000

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries of  Purchases as per

 

 

 

 

 

 

 

Purchases Book  for the month of

 

 

 

 

 

 

 

April

 

5,95,000

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

Freight Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 01

BPL

 

2,000

 

 

 

 

April 15

Soni India Ltd.

 

1,000

 

 

 

 

April 20

India Today Ltd.

 

1,000

 

 

 

 

April 30

Videocon India Ltd.

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BPL

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 01

Purchases

 

2,70,000

 

 

 

 

 

Freight

 

2,000

 

 

 

 

 

 

 

 

 

 

Soni India Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 15

Purchases

 

1,80,000

 

 

 

 

April 15

Freight

 

1,000

 

 

 

 

 

 

 

 

 

 

India Today Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

85,000

 

 

 

 

April 20

Freight

 

1,000

 

 

 

 

 

 

 

 

                 

 

 

Videocon India Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Purchases

 

60,000

 

 

 

 

April 30

Freight

 

1,000

 

 

 

 

 

 

 

 

Page No 11.34:

Question 4:

Purchases Book

Date

Particulars

L.F.

Details

(Rs)

Cost

(Rs)

Freight

(Rs)

Total

(Rs)

2016

 

 

 

 

 

 

April 01

BPL

 

 

 

 

 

 

20 Colour T.V. @ Rs 15,000 each

 

3,00,000

 

 

 

 

Less: 10% Trade Discount

 

(30,000)

2,70,000

2,000

2,72,000

 

 

 

 

 

 

 

April 15

Soni India Ltd.

 

 

 

 

 

 

10 Colour T.V. @ Rs 20,000

 

2,00,000

 

 

 

 

Less: 10% Trade Discount

 

(20,000)

1,80,000

1,000

1,81,000

 

 

 

 

 

 

 

April 20

India Today Ltd.

 

 

 

 

 

 

10 Music Systems @ Rs 10,000

 

1,00,000

 

 

 

 

Less: 15% Trade Discount

 

(15,000)

85,000

1,000

86,000

 

 

 

 

 

 

 

April 30

Videocon India Ltd.

 

 

 

 

 

 

5 Washing Machines @ Rs 15,000 each

 

75,000

 

 

 

 

Less: 20% Trade Discount

 

(15,000)

60,000

1,000

61,000

 

 

 

 

5,95,000

5,000

6,00,000

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries of  Purchases as per

 

 

 

 

 

 

 

Purchases Book  for the month of

 

 

 

 

 

 

 

April

 

5,95,000

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

Freight Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 01

BPL

 

2,000

 

 

 

 

April 15

Soni India Ltd.

 

1,000

 

 

 

 

April 20

India Today Ltd.

 

1,000

 

 

 

 

April 30

Videocon India Ltd.

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BPL

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 01

Purchases

 

2,70,000

 

 

 

 

 

Freight

 

2,000

 

 

 

 

 

 

 

 

 

 

Soni India Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 15

Purchases

 

1,80,000

 

 

 

 

April 15

Freight

 

1,000

 

 

 

 

 

 

 

 

 

 

India Today Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

85,000

 

 

 

 

April 20

Freight

 

1,000

 

 

 

 

 

 

 

 

                 

 

 

Videocon India Ltd.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Purchases

 

60,000

 

 

 

 

April 30

Freight

 

1,000

 

 

 

 

 

 

 

 

Answer:

Books of M/s. B. K. Gupta, Delhi

Purchases Books

Date

Particulars

L.F.

Details (Rs)

Cost

(Rs)

VAT

(Rs)

Packing and Other Charges

(Rs)

Total

(Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

 

 

 

 

 

 

5 chests of tea @ Rs 4,000 per chest

 

20,000

 

 

 

 

 

Less: 10% Trade Discount

 

(2,000)

 

 

 

 

 

 

 

18,000

 

 

 

 

 

Add: 5% VAT

 

900

18,000

900

500

19,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 20

Siliguri Tea Agency

 

 

 

 

 

 

 

15 Boxes Tea @ Rs 600 per Box

 

9,000

 

 

 

 

 

Less: 10% Trade Discount

 

(900)

 

 

 

 

 

 

 

8,100

 

 

 

 

 

Add: 5% VAT 

 

405

8,100

405

50

8,555

 

 

 

 

26,100

1,305

550

27,955

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries of Purchases

 

 

 

 

 

 

 

as per Purchases Book

 

 

 

 

 

 

 

for the month of April

 

26,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

 

VAT Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

900

 

 

 

 

April 20

Siliguri Tea Agency

 

405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Packing and Other Charges Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

500

 

 

 

 

April 20

Siliguri Tea Agency

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subodh Brothers

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 08

Purchases

 

18,000

 

 

 

 

April 08

VAT

 

900

 

 

 

 

April 08

Freight and Other Charges

 

500

 

 

 

 

 

 

 

 

 

Siliguri Tea Agency

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

81,000

 

 

 

 

April 20

VAT

 

405

 

 

 

 

April 20

Freight and Other Charges

 

50

 

 

 

 

 

 

 

 



Page No 11.35:

Question 5:

Books of M/s. B. K. Gupta, Delhi

Purchases Books

Date

Particulars

L.F.

Details (Rs)

Cost

(Rs)

VAT

(Rs)

Packing and Other Charges

(Rs)

Total

(Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

 

 

 

 

 

 

5 chests of tea @ Rs 4,000 per chest

 

20,000

 

 

 

 

 

Less: 10% Trade Discount

 

(2,000)

 

 

 

 

 

 

 

18,000

 

 

 

 

 

Add: 5% VAT

 

900

18,000

900

500

19,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 20

Siliguri Tea Agency

 

 

 

 

 

 

 

15 Boxes Tea @ Rs 600 per Box

 

9,000

 

 

 

 

 

Less: 10% Trade Discount

 

(900)

 

 

 

 

 

 

 

8,100

 

 

 

 

 

Add: 5% VAT 

 

405

8,100

405

50

8,555

 

 

 

 

26,100

1,305

550

27,955

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries of Purchases

 

 

 

 

 

 

 

as per Purchases Book

 

 

 

 

 

 

 

for the month of April

 

26,100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

 

VAT Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

900

 

 

 

 

April 20

Siliguri Tea Agency

 

405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Packing and Other Charges Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 08

Subodh Brothers

 

500

 

 

 

 

April 20

Siliguri Tea Agency

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subodh Brothers

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 08

Purchases

 

18,000

 

 

 

 

April 08

VAT

 

900

 

 

 

 

April 08

Freight and Other Charges

 

500

 

 

 

 

 

 

 

 

 

Siliguri Tea Agency

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

81,000

 

 

 

 

April 20

VAT

 

405

 

 

 

 

April 20

Freight and Other Charges

 

50

 

 

 

 

 

 

 

 

Answer:

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

April 01

M/s Gupta Furniture House,  Delhi

 

 

 

 

120 chairs@ Rs 550 per chair

 

66,000

 

 

40 Tables @ Rs 750 per table

 

30,000

 

 

 

 

96,000

 

 

Less: 5% Trade Discount

 

(4,800)

91,200

 

 

 

 

 

April 10

M/s. Ajit Singh & Sons, Amritsar

 

 

 

 

150 Desks @ Rs 225 per desk

 

33,750

 

 

160 Chairs @ Rs 225 per Char.

 

36,000

 

 

 

 

69,750

 

 

Less: 5% Trade Discount

 

(3,487.50)

66,262.50

 

 

 

 

 

April 15

M/s. Ideal Furniture House, Patiala

 

 

 

 

10 Sofa sets @ Rs 7,500 each

 

75,000

 

 

5 Almirahs @ each Rs 750 each

 

3,750

 

 

25 Office Tables @ Rs 850 each

 

21,250

 

 

 

 

1,00,000

 

 

Less: 10% Trade Discount

 

(10,000)

90,000

 

Sales A/c

Cr.

 

 

2,47,462.50

 

 

 

 

 

           

 

 

 

Sales Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Sundries as per the Sales Book

 

2,47,426.5

 

 

 

 

 

 

 

 

 

 

M/s. Gupta Furniture House, Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 01

Sales

 

91,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Ajit Singh & Sons, Amritsar

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 10

Sales

 

66,262.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Ideal Furniture House, Patiala

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 15

Sales

 

90,000

 

 

 

 

 

 

 

 

 

 

 

 

Page No 11.35:

Question 6:

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

April 01

M/s Gupta Furniture House,  Delhi

 

 

 

 

120 chairs@ Rs 550 per chair

 

66,000

 

 

40 Tables @ Rs 750 per table

 

30,000

 

 

 

 

96,000

 

 

Less: 5% Trade Discount

 

(4,800)

91,200

 

 

 

 

 

April 10

M/s. Ajit Singh & Sons, Amritsar

 

 

 

 

150 Desks @ Rs 225 per desk

 

33,750

 

 

160 Chairs @ Rs 225 per Char.

 

36,000

 

 

 

 

69,750

 

 

Less: 5% Trade Discount

 

(3,487.50)

66,262.50

 

 

 

 

 

April 15

M/s. Ideal Furniture House, Patiala

 

 

 

 

10 Sofa sets @ Rs 7,500 each

 

75,000

 

 

5 Almirahs @ each Rs 750 each

 

3,750

 

 

25 Office Tables @ Rs 850 each

 

21,250

 

 

 

 

1,00,000

 

 

Less: 10% Trade Discount

 

(10,000)

90,000

 

Sales A/c

Cr.

 

 

2,47,462.50

 

 

 

 

 

           

 

 

 

Sales Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Sundries as per the Sales Book

 

2,47,426.5

 

 

 

 

 

 

 

 

 

 

M/s. Gupta Furniture House, Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 01

Sales

 

91,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Ajit Singh & Sons, Amritsar

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 10

Sales

 

66,262.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Ideal Furniture House, Patiala

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 15

Sales

 

90,000

 

 

 

 

 

 

 

 

 

 

 

 

Answer:

Book of M/s. Gyan Prasad & Bros.

Sales Book

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

July 01

M/s. Stationery Mart

 

300

 

2 Reams of White Paper @ Rs 150 per ream

 

 

 

 

 

 

July 02

M/s. Puran Chand & Co.

 

 

 

6 Dozen Inkpot @ Rs 120 per dozen

 

720

 

 

 

 

July 25

M/s. Rahim & Co.

 

 

 

10 Drawing Boards @ Rs 70 per piece

 

700

 

Sales A/c

Cr.

 

1,720

 

 

 

 

 

 

Sales Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

July 31

Sundries as per the Sales Book

 

1,720

 

 

 

 

 

 

 

 

 

 

M/s. Stationery Mart

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 01

Sales

 

300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Puran Chand & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 02

Sales

 

720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Rahim & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 25

Sales

 

700

 

 

 

 

 

 

 

 

 

 

 

 

Page No 11.35:

Question 7:

Book of M/s. Gyan Prasad & Bros.

Sales Book

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

July 01

M/s. Stationery Mart

 

300

 

2 Reams of White Paper @ Rs 150 per ream

 

 

 

 

 

 

July 02

M/s. Puran Chand & Co.

 

 

 

6 Dozen Inkpot @ Rs 120 per dozen

 

720

 

 

 

 

July 25

M/s. Rahim & Co.

 

 

 

10 Drawing Boards @ Rs 70 per piece

 

700

 

Sales A/c

Cr.

 

1,720

 

 

 

 

 

 

Sales Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

July 31

Sundries as per the Sales Book

 

1,720

 

 

 

 

 

 

 

 

 

 

M/s. Stationery Mart

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 01

Sales

 

300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Puran Chand & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 02

Sales

 

720

 

 

 

 

 

 

 

 

 

 

 

 

 

 

M/s. Rahim & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

July 25

Sales

 

700

 

 

 

 

 

 

 

 

 

 

 

 

Answer:

Books of Gupta & Co.

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.05

Hari & Co.

 

 

 

 

10 Tables @ Rs 1,100 each

 

11,000

 

 

20 chairs @ Rs 650 each

 

13,000

24,000

 

 

 

 

 

Jan.10

M/s Sharma & Co.

 

 

 

 

5 Almirah @ Rs 1,150 each

 

5,750

 

 

5 Stools @ Rs 100 each

 

500

6,250

 

 

 

 

 

Jan.25

M/s. Sohan Lal & Bros.

 

 

 

 

5 Tables @ Rs 575

 

2,875

 

 

1  Revolving Chair @ Rs 1,750

 

1,750

4,625

 

Sales A/c

Cr.

 

 

34,875

 

 

 

 

 



Page No 11.36:

Question 8:

Books of Gupta & Co.

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.05

Hari & Co.

 

 

 

 

10 Tables @ Rs 1,100 each

 

11,000

 

 

20 chairs @ Rs 650 each

 

13,000

24,000

 

 

 

 

 

Jan.10

M/s Sharma & Co.

 

 

 

 

5 Almirah @ Rs 1,150 each

 

5,750

 

 

5 Stools @ Rs 100 each

 

500

6,250

 

 

 

 

 

Jan.25

M/s. Sohan Lal & Bros.

 

 

 

 

5 Tables @ Rs 575

 

2,875

 

 

1  Revolving Chair @ Rs 1,750

 

1,750

4,625

 

Sales A/c

Cr.

 

 

34,875

 

 

 

 

 

Answer:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.01

M/s. Uma Datt, Mumbai

 

 

 

 

100 Copies Double Entry Book Keeping by T.S. Grewal @ Rs 80 each

 

8,000

 

 

100 Copies of Business Methods Without Tears by O.P. Goela @ Rs 50 each

 

5,000

13,000

 

 

 

 

 

Jan.08

S. Chand, Delhi

 

 

 

 

40 Copies Economics by K.K. Dewet @ Rs 80 each

 

3,200

 

 

Less: 15% Trade Discount

 

(480)

2,720

 

 

 

 

 

Jan.22

Rajab Ali, Agra

 

 

 

 

100 Copies M.S.L.C. Arithmetic @ Rs 45 each

 

4,500

 

 

Less: 20% Trade Discount

 

(900)

3,600

 

 

 

 

 

Jan.25

Hari Ram, Delhi

 

 

 

 

50 Copies History of England @ Rs 50 each

 

2,500

 

 

Less: 15% Trade Discount

 

(375)

2,125

 

Purchase A/c

Dr.

 

 

21,445

 

 

 

 

 

           

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.02

Shri Dayal

 

 

 

 

24 Double Entry Book Keeping @ Rs 85 each

 

2,040

 

 

25 Copies Business Methods Without Tears @ Rs 57

 

1,425

3,465

 

 

 

 

 

Jan.12

Gupta Bros.

 

 

 

 

20 Copies  Economics @ Rs 80 each

 

1,600

1,600

 

 

 

 

 

Jan.18

Ram Saran Das

 

 

 

 

20 copies of Double Entry Book Keeping @ Rs 85 each

 

1,700

1,700

 

 

 

 

 

Jan.31

Rishi Kumar

 

 

 

 

25 Copies M.S.L.C Arithmetic @ Rs 45 each

 

1,125

1,125

 

Sales A/c

Cr.

 

 

7,890

 

 

 

 

 

Page No 11.36:

Question 9:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.01

M/s. Uma Datt, Mumbai

 

 

 

 

100 Copies Double Entry Book Keeping by T.S. Grewal @ Rs 80 each

 

8,000

 

 

100 Copies of Business Methods Without Tears by O.P. Goela @ Rs 50 each

 

5,000

13,000

 

 

 

 

 

Jan.08

S. Chand, Delhi

 

 

 

 

40 Copies Economics by K.K. Dewet @ Rs 80 each

 

3,200

 

 

Less: 15% Trade Discount

 

(480)

2,720

 

 

 

 

 

Jan.22

Rajab Ali, Agra

 

 

 

 

100 Copies M.S.L.C. Arithmetic @ Rs 45 each

 

4,500

 

 

Less: 20% Trade Discount

 

(900)

3,600

 

 

 

 

 

Jan.25

Hari Ram, Delhi

 

 

 

 

50 Copies History of England @ Rs 50 each

 

2,500

 

 

Less: 15% Trade Discount

 

(375)

2,125

 

Purchase A/c

Dr.

 

 

21,445

 

 

 

 

 

           

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.02

Shri Dayal

 

 

 

 

24 Double Entry Book Keeping @ Rs 85 each

 

2,040

 

 

25 Copies Business Methods Without Tears @ Rs 57

 

1,425

3,465

 

 

 

 

 

Jan.12

Gupta Bros.

 

 

 

 

20 Copies  Economics @ Rs 80 each

 

1,600

1,600

 

 

 

 

 

Jan.18

Ram Saran Das

 

 

 

 

20 copies of Double Entry Book Keeping @ Rs 85 each

 

1,700

1,700

 

 

 

 

 

Jan.31

Rishi Kumar

 

 

 

 

25 Copies M.S.L.C Arithmetic @ Rs 45 each

 

1,125

1,125

 

Sales A/c

Cr.

 

 

7,890

 

 

 

 

 

Answer:

Books of Aruna Stores

Purchases Return Book

Date

Particulars

Debit Note

No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

Jan.10

Sohan & Sons

 

 

 

 

 

1 Rohtas Fan 36” @ 1,250

 

 

1,250

 

 

Less: 10% Trade Discount

 

 

(125)

1,125

 

 

 

 

 

 

Jan.25

Ram & Co.

 

 

 

 

 

1 Dozen Lamp-holder @ Rs 200 per dozen

 

 

200

200

 

Purchases Return A/c

Cr.

 

 

 

1,325

 

 

 

 

 

 

 

Purchases Return Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per the Purchases Return Book

 

1,325

 

 

 

 

 

 

 

 

 

 

Sohan & Sons

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Jan. 10

Purchases Return

 

1,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ram & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Jan. 25

Purchases Return

 

200

 

 

 

 

 

 

 

 

 

 

 

 

Page No 11.36:

Question 10:

Books of Aruna Stores

Purchases Return Book

Date

Particulars

Debit Note

No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

Jan.10

Sohan & Sons

 

 

 

 

 

1 Rohtas Fan 36” @ 1,250

 

 

1,250

 

 

Less: 10% Trade Discount

 

 

(125)

1,125

 

 

 

 

 

 

Jan.25

Ram & Co.

 

 

 

 

 

1 Dozen Lamp-holder @ Rs 200 per dozen

 

 

200

200

 

Purchases Return A/c

Cr.

 

 

 

1,325

 

 

 

 

 

 

 

Purchases Return Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per the Purchases Return Book

 

1,325

 

 

 

 

 

 

 

 

 

 

Sohan & Sons

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Jan. 10

Purchases Return

 

1,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ram & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Jan. 25

Purchases Return

 

200

 

 

 

 

 

 

 

 

 

 

 

 

Answer:

Books of Kamla Stores

Purchases Return Book

Date

Particulars

Debit

Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

June 06

Ramesh Brothers

 

 

 

50

June 08

Sohan Brothers

 

 

 

45

June 15

Prem & Co

 

 

 

70

 

Purchases Return Account

Cr.

 

 

 

165

 

 

 

 

 

 

 



Page No 11.37:

Question 11:

Books of Kamla Stores

Purchases Return Book

Date

Particulars

Debit

Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

June 06

Ramesh Brothers

 

 

 

50

June 08

Sohan Brothers

 

 

 

45

June 15

Prem & Co

 

 

 

70

 

Purchases Return Account

Cr.

 

 

 

165

 

 

 

 

 

 

 

Answer:

Book of Shiv Shankar

Sales Return Book

Date

Particulars

Credit Note No.

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

Feb.10

Rama Stores

 

 

 

 

 

1 Dozen Osram Lamps 25W @ Rs 160 per Dozen

 

 

 

160

 

 

 

 

 

 

Feb.20

Sohan Singh & Co.

 

 

 

 

 

1 Ranjit Fan 48” A.C. @ Rs 1,400

 

 

 

1,400

 

Sales Return A/c

Dr.

 

 

 

1,560

 

 

 

 

 

 



Sales Return Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Feb. 29

Sundries as per the Sales Return Book

 

1,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rama Stores

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Feb. 10

Sales Return

 

160

 

 

 

 

 

 

 

 

 

 

Sohan Singh & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Feb. 20

Sales Return

 

1,400

 

 

 

 

 

 

 

 

 

 

Page No 11.37:

Question 12:

Book of Shiv Shankar

Sales Return Book

Date

Particulars

Credit Note No.

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

Feb.10

Rama Stores

 

 

 

 

 

1 Dozen Osram Lamps 25W @ Rs 160 per Dozen

 

 

 

160

 

 

 

 

 

 

Feb.20

Sohan Singh & Co.

 

 

 

 

 

1 Ranjit Fan 48” A.C. @ Rs 1,400

 

 

 

1,400

 

Sales Return A/c

Dr.

 

 

 

1,560

 

 

 

 

 

 



Sales Return Account

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

Feb. 29

Sundries as per the Sales Return Book

 

1,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rama Stores

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Feb. 10

Sales Return

 

160

 

 

 

 

 

 

 

 

 

 

Sohan Singh & Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Feb. 20

Sales Return

 

1,400

 

 

 

 

 

 

 

 

 

 

Answer:

Books of Raj Stores

Sales Return Book

Date

Particulars

Credit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

July 01

Sohan & Sons

 

 

 

 

 

50 Bags of Rice @ Rs 130 per bag

 

 

 

6,500

 

 

 

 

 

 

July 02

Ramesh  & Sons

 

 

 

 

 

60 Bags of Sugar @ Rs 150 per bag

 

 

 

9,000

 

 

 

 

 

 

July 20

Sudhir

 

 

 

 

 

10 tins of Ghee @ Rs 120 per tin

 

 

 

1,200

 

 

 

 

 

 

July 25

Dinesh

 

 

 

200

 

Sales Return A/c

Dr.

 

 

 

16,900

 

 

 

 

 

 

 

Page No 11.37:

Question 13:

Books of Raj Stores

Sales Return Book

Date

Particulars

Credit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

July 01

Sohan & Sons

 

 

 

 

 

50 Bags of Rice @ Rs 130 per bag

 

 

 

6,500

 

 

 

 

 

 

July 02

Ramesh  & Sons

 

 

 

 

 

60 Bags of Sugar @ Rs 150 per bag

 

 

 

9,000

 

 

 

 

 

 

July 20

Sudhir

 

 

 

 

 

10 tins of Ghee @ Rs 120 per tin

 

 

 

1,200

 

 

 

 

 

 

July 25

Dinesh

 

 

 

200

 

Sales Return A/c

Dr.

 

 

 

16,900

 

 

 

 

 

 

 

Answer:

Returns Inwards Book

Date

Particulars

Credit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 01

Mathur Bros., New Delhi

 

 

 

 

 

5 pairs of Shoes @ Rs 500 per pair

 

 

2,500

 

 

Less: 10% Trade Discount

 

 

(250)

2,250

 

 

 

 

 

 

March 12

Baluja Shoes Co., Delhi

 

 

 

 

 

12 pairs of Ladies Chappals @ Rs 200 per pair

 

 

2,400

 

 

Less: 10% Trade Discount

 

 

(240)

2,160

 

 

 

 

 

 

March 24

Sethi Bros., Krishna Nagar

 

 

 

 

 

10 pairs Sandals @ Rs 250 per pair

 

 

 

2,500

 

Return Inward A/c

 

 

 

6,910

 

 

 

 

 

 

 

 

Returns Outwards Book

Date

Particulars

Debit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 05

Kanpur Leather Private Ltd., Kanpur

 

 

 

 

 

100 pairs of Chappals @ Rs 150 per pair

 

 

15,000

 

 

Less: 15% Trade Discount

 

 

(2,250)

12,750

 

 

 

 

 

 

March 20

Bata Shoes Pvt. Ltd., Kolkata

 

 

 

 

 

100 pairs B.S.C Canvas Shoes @ Rs 175 per pair

 

 

17,500

 

 

Less: 15% Trade Discount

 

 

(2,625)

14,875

 

Return Outward A/c

Cr.

 

 

 

27,625

 

 

 

 

 

 

 



Page No 11.38:

Question 14:

Returns Inwards Book

Date

Particulars

Credit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 01

Mathur Bros., New Delhi

 

 

 

 

 

5 pairs of Shoes @ Rs 500 per pair

 

 

2,500

 

 

Less: 10% Trade Discount

 

 

(250)

2,250

 

 

 

 

 

 

March 12

Baluja Shoes Co., Delhi

 

 

 

 

 

12 pairs of Ladies Chappals @ Rs 200 per pair

 

 

2,400

 

 

Less: 10% Trade Discount

 

 

(240)

2,160

 

 

 

 

 

 

March 24

Sethi Bros., Krishna Nagar

 

 

 

 

 

10 pairs Sandals @ Rs 250 per pair

 

 

 

2,500

 

Return Inward A/c

 

 

 

6,910

 

 

 

 

 

 

 

 

Returns Outwards Book

Date

Particulars

Debit Note No

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 05

Kanpur Leather Private Ltd., Kanpur

 

 

 

 

 

100 pairs of Chappals @ Rs 150 per pair

 

 

15,000

 

 

Less: 15% Trade Discount

 

 

(2,250)

12,750

 

 

 

 

 

 

March 20

Bata Shoes Pvt. Ltd., Kolkata

 

 

 

 

 

100 pairs B.S.C Canvas Shoes @ Rs 175 per pair

 

 

17,500

 

 

Less: 15% Trade Discount

 

 

(2,625)

14,875

 

Return Outward A/c

Cr.

 

 

 

27,625

 

 

 

 

 

 

 

Answer:

Books of Ram Stores

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Furniture A/c

Dr.

 

4,000

 

 

Machinery A/c

Dr.

 

20,000

 

 

Debtors

Dr.

 

5,000

 

 

Bill Receivable A/c

Dr.

 

11,800

 

 

Cash A/c

Dr.

 

14,200

 

 

To Capital A/c

 

 

30,000

 

To Bills Payable A/c

 

 

15,000

 

To Creditors

 

 

10,000

 

(Balance brought forward from the last month)

 

 

 

 

 

 

 

 

 

Page No 11.38:

Question 15:

Books of Ram Stores

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

April 01

Furniture A/c

Dr.

 

4,000

 

 

Machinery A/c

Dr.

 

20,000

 

 

Debtors

Dr.

 

5,000

 

 

Bill Receivable A/c

Dr.

 

11,800

 

 

Cash A/c

Dr.

 

14,200

 

 

To Capital A/c

 

 

30,000

 

To Bills Payable A/c

 

 

15,000

 

To Creditors

 

 

10,000

 

(Balance brought forward from the last month)

 

 

 

 

 

 

 

 

 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

March 31

 

 

 

 

 

Trading A/c

Dr.

 

42,875

 

 

 

 To Carriage Inward A/c

 

 

375

 

 

 To Wages A/c

 

 

5,000

 

 

 To Purchases A/c

 

 

37,500

 

(Direct expenses transferred to Trading A/c)

 

 

 

 

 

 

 

 

 

Sales A/c

Dr.

 

95,000

 

 

 

To Trading A/c

 

 

95,000

 

(Transfer of sales on closing date of the year to Trading A/c)

 

 

 

 

 

 

 

 

 

Trading A/c

Dr.

 

52,125

 

 

 

To Profit and Loss A/c

 

 

52,125

 

(Gross profit transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Profit and Loss A/c

Dr.

 

7,650

 

 

 

To Carriage Outward A/c

 

 

600

 

 

To Bad Debts A/c

 

 

750

 

 

To Discount A/c

 

 

150

 

 

To Salaries A/c

 

 

3,600

 

 

To Trade Expenses A/c

 

 

2,550

 

(Indirect expenses transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Commission A/c

Dr.

 

2,125

 

 

Discount A/c

Dr.

 

175

 

 

 

To Profit and Loss A/c

 

 

2,300

 

(The revenue income transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Profit and Loss A/c

Dr.

 

46,775

 

 

 

To Capital A/c

 

 

46,775

 

(Net profit transferred to Capital A/c)

 

 

 

 

 

 

 

 

 

Page No 11.38:

Question 16:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

March 31

 

 

 

 

 

Trading A/c

Dr.

 

42,875

 

 

 

 To Carriage Inward A/c

 

 

375

 

 

 To Wages A/c

 

 

5,000

 

 

 To Purchases A/c

 

 

37,500

 

(Direct expenses transferred to Trading A/c)

 

 

 

 

 

 

 

 

 

Sales A/c

Dr.

 

95,000

 

 

 

To Trading A/c

 

 

95,000

 

(Transfer of sales on closing date of the year to Trading A/c)

 

 

 

 

 

 

 

 

 

Trading A/c

Dr.

 

52,125

 

 

 

To Profit and Loss A/c

 

 

52,125

 

(Gross profit transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Profit and Loss A/c

Dr.

 

7,650

 

 

 

To Carriage Outward A/c

 

 

600

 

 

To Bad Debts A/c

 

 

750

 

 

To Discount A/c

 

 

150

 

 

To Salaries A/c

 

 

3,600

 

 

To Trade Expenses A/c

 

 

2,550

 

(Indirect expenses transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Commission A/c

Dr.

 

2,125

 

 

Discount A/c

Dr.

 

175

 

 

 

To Profit and Loss A/c

 

 

2,300

 

(The revenue income transferred to Profit and Loss A/c)

 

 

 

 

 

 

 

 

 

Profit and Loss A/c

Dr.

 

46,775

 

 

 

To Capital A/c

 

 

46,775

 

(Net profit transferred to Capital A/c)

 

 

 

 

 

 

 

 

 

Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

(i)

Trading A/c

Dr.

 

32,000

 

 

 

To Profit and Loss A/c

 

 

32,000

 

(Gross profit transferred to Profit and Loss account)

 

 

 

 

 

 

 

 

(ii)

Profit and Loss A/c

Dr.

 

14,500

 

 

 

To Sri Sankar Lal Saha’s Capital A/c

 

 

14,500

 

(Net Profit transferred to capital account of Sri Sankar Lal Saha)

 

 

 

 

 

 

 

 

(iii)

Sri Shankar Lal Saha’s Capital A/c

                        Dr.

 

460

 

 

  

To Drawings A/c

 

 

460

 

(Sri Shankar LalSaha drawings transferred to his capital account)

 

 

 

 

 

 

 

 

(iv)

Purchase Return A/c

                    Dr.

 

700

 

 

 

To Purchases A/c

 

 

700

 

(Purchased goods returned to supplier)

 

 

 

 

 

 

 

 

(v)

Sales A/c

                    Dr.

 

2,600

 

 

  

To Sales Return A/c

 

 

2,600

 

(Sold goods returned by customers)

 

 

 

 

 

 

 

 

 

Page No 11.38:

Question 17:

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

(i)

Trading A/c

Dr.

 

32,000

 

 

 

To Profit and Loss A/c

 

 

32,000

 

(Gross profit transferred to Profit and Loss account)

 

 

 

 

 

 

 

 

(ii)

Profit and Loss A/c

Dr.

 

14,500

 

 

 

To Sri Sankar Lal Saha’s Capital A/c

 

 

14,500

 

(Net Profit transferred to capital account of Sri Sankar Lal Saha)

 

 

 

 

 

 

 

 

(iii)

Sri Shankar Lal Saha’s Capital A/c

                        Dr.

 

460

 

 

  

To Drawings A/c

 

 

460

 

(Sri Shankar LalSaha drawings transferred to his capital account)

 

 

 

 

 

 

 

 

(iv)

Purchase Return A/c

                    Dr.

 

700

 

 

 

To Purchases A/c

 

 

700

 

(Purchased goods returned to supplier)

 

 

 

 

 

 

 

 

(v)

Sales A/c

                    Dr.

 

2,600

 

 

  

To Sales Return A/c

 

 

2,600

 

(Sold goods returned by customers)

 

 

 

 

 

 

 

 

 

Answer:

Journal

S. No.

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

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

Rent A/c

Dr.

 

3,000

 

 

To Rent-in-Advance A/c

 

 

3,000

 

(Rent-in-advance adjusted)

 

 

 

 

 

 

 

 

March 31

Depreciation A/c

Dr.

 

5,000

 

 

To Furniture A/c

 

 

5,000

 

(Furniture depreciated)

 

 

 

 

 

 

 

 

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 11.39:

Question 18:

Journal

S. No.

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

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

Rent A/c

Dr.

 

3,000

 

 

To Rent-in-Advance A/c

 

 

3,000

 

(Rent-in-advance adjusted)

 

 

 

 

 

 

 

 

March 31

Depreciation A/c

Dr.

 

5,000

 

 

To Furniture A/c

 

 

5,000

 

(Furniture depreciated)

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

 

 

 

Answer:

Books of Ram

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Ramesh

 

 

5,250

Jan.02

Dina Nath

 

 

5,500

Jan.04

Zakir Hussain

 

 

3,500

Jan.06

Ram Saran

 

 

5,000

Jan.06

Ghanshyam

 

 

3,000

Jan.10

Raja Ram

 

5,000

 

 

Less: 5% Trade Discount

 

(250)

4,750

Jan 31

Sales A/c

Cr.

 

 

27,000

 

 

 

 

 

           

 

 

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Hari Ram

 

 

7,800

Jan.02

Mangal

 

 

7,000

Jan.04

Devi Dayal

 

 

3,250

Jan.09

Raghunath

 

10,000

 

 

Less: 10% Trade Discount

 

(1,000)

9,000

Jan.31

Purchases A/c

Dr.

 

 

27,050

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.02

Ramesh

 

 

750

Jan.05

Zakir Hussain

 

 

40

Jan.07

Ram Saran

 

 

500

Jan.31

Sales Return A/c

Dr.

 

 

1,290

 

 

 

 

 

           

 

Purchases Return Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.04

Mangal

 

 

1,000

Jan.08

Devi Dayal

 

 

7,000

Jan.31

Purchases Return A/c

Cr.

 

 

8,000

 

 

 

 

 

 

Page No 11.39:

Question 19:

Books of Ram

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Ramesh

 

 

5,250

Jan.02

Dina Nath

 

 

5,500

Jan.04

Zakir Hussain

 

 

3,500

Jan.06

Ram Saran

 

 

5,000

Jan.06

Ghanshyam

 

 

3,000

Jan.10

Raja Ram

 

5,000

 

 

Less: 5% Trade Discount

 

(250)

4,750

Jan 31

Sales A/c

Cr.

 

 

27,000

 

 

 

 

 

           

 

 

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Hari Ram

 

 

7,800

Jan.02

Mangal

 

 

7,000

Jan.04

Devi Dayal

 

 

3,250

Jan.09

Raghunath

 

10,000

 

 

Less: 10% Trade Discount

 

(1,000)

9,000

Jan.31

Purchases A/c

Dr.

 

 

27,050

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.02

Ramesh

 

 

750

Jan.05

Zakir Hussain

 

 

40

Jan.07

Ram Saran

 

 

500

Jan.31

Sales Return A/c

Dr.

 

 

1,290

 

 

 

 

 

           

 

Purchases Return Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.04

Mangal

 

 

1,000

Jan.08

Devi Dayal

 

 

7,000

Jan.31

Purchases Return A/c

Cr.

 

 

8,000

 

 

 

 

 

 

Answer:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

April 01

Ram Prasad, Mumbai

 

 

 

 

100 metre Silk @ Rs 45 per meter

 

4,500

 

 

75 metre Velvet @ Rs 80 per meter

 

6,000

10,500

 

 

 

 

 

April 20

Hari Ram & Sons, Delhi

 

 

 

 

50 pieces Prints @ Rs 130 per piece

 

6,500

 

 

80 pieces Colico @ Rs 65 per piece

 

5,200

11,700

 

 

 

 

 

April 22

Man Mohan Lal, Varanasi

 

 

 

 

Shirting Cloth

 

10,000

 

 

Saris

 

60,000

70,000

 

 

 

 

 

April 28

Shri Ram & Bros., Hapur

 

 

 

 

Long Cloth 10 pieces @ Rs 1,000 per piece

 

10,000

 

 

Dhotis 100 pairs @ Rs 250 per pair

 

25,000

35,000

April 30

Purchases A/c

Dr.

 

 

1,27,200

 

 

 

 

 

           

 

 

Sales Book

Date

Particulars

L.F.

Details 

(Rs)

Amount

(Rs)

2016

 

 

 

 

April 10

Rati Ram, Ahmedabad

 

 

 

 

60 metres Silk @ Rs 50 per meter

 

3,000

 

 

50 metres Velvet @ Rs 82.50 per meter

 

4,125

7,125

 

 

 

 

 

April 12

Radhey Shayam, Delhi

 

 

 

 

30 metre Silk @ Rs 52.50 per metre

 

1,575

 

 

20 metre Velvet @ Rs 85 per metre

 

1,700

3,275

 

 

 

 

 

April 18

Roop Narain & Sons

 

 

 

 

10 metres Silk @ Rs 60 per metre

 

600

 

 

5 metres Velvet @ Rs 87.50

 

437.50

1,037.50

 

 

 

 

 

April 23

Brij Mohan & Bros., Mathura

 

 

 

 

Shirting Cloth

 

7,000

 

 

Saris

 

25,000

32,000

April 30

Sales A/c

Cr.

 

 

43,437.50

 

 

 

 

 

           

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries as per

 

 

 

 

 

 

 

Purchases Book

 

1,27,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Sundries as per

 

 

 

 

 

 

 

Sales Book

 

43,437.50

 

 

 

 

 

 

 

 

 

 

Ram Prasad, Mumbai

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 01

Purchases

 

10,500

 

 

 

 

 

 

 

 

 

 

Hari Ram & Sons, Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

11,700

 

 

 

 

 

 

 

 

 

 

Man Mohan Lal, Varanasi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 22

Purchases

 

70,000

 

 

 

 

 

 

 

 

 

 

Shi Ram & Bros., Hapur

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 28

Purchases

 

35,000

 

 

 

 

 

 

 

 

 

 

Rati Ram, Ahmedabad

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 10

Sales

 

7,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Radhey Shyam, Delhi 

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 12

Sales

 

3,275

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Roop Narain & Sons

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 18

Sales

 

1037.50

 

 

 

 

 

 

 

 

 

 

 

 

 

Brij Mohan & Bros., Mathura

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 23

Sales

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

 



Page No 11.40:

Question 20:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

April 01

Ram Prasad, Mumbai

 

 

 

 

100 metre Silk @ Rs 45 per meter

 

4,500

 

 

75 metre Velvet @ Rs 80 per meter

 

6,000

10,500

 

 

 

 

 

April 20

Hari Ram & Sons, Delhi

 

 

 

 

50 pieces Prints @ Rs 130 per piece

 

6,500

 

 

80 pieces Colico @ Rs 65 per piece

 

5,200

11,700

 

 

 

 

 

April 22

Man Mohan Lal, Varanasi

 

 

 

 

Shirting Cloth

 

10,000

 

 

Saris

 

60,000

70,000

 

 

 

 

 

April 28

Shri Ram & Bros., Hapur

 

 

 

 

Long Cloth 10 pieces @ Rs 1,000 per piece

 

10,000

 

 

Dhotis 100 pairs @ Rs 250 per pair

 

25,000

35,000

April 30

Purchases A/c

Dr.

 

 

1,27,200

 

 

 

 

 

           

 

 

Sales Book

Date

Particulars

L.F.

Details 

(Rs)

Amount

(Rs)

2016

 

 

 

 

April 10

Rati Ram, Ahmedabad

 

 

 

 

60 metres Silk @ Rs 50 per meter

 

3,000

 

 

50 metres Velvet @ Rs 82.50 per meter

 

4,125

7,125

 

 

 

 

 

April 12

Radhey Shayam, Delhi

 

 

 

 

30 metre Silk @ Rs 52.50 per metre

 

1,575

 

 

20 metre Velvet @ Rs 85 per metre

 

1,700

3,275

 

 

 

 

 

April 18

Roop Narain & Sons

 

 

 

 

10 metres Silk @ Rs 60 per metre

 

600

 

 

5 metres Velvet @ Rs 87.50

 

437.50

1,037.50

 

 

 

 

 

April 23

Brij Mohan & Bros., Mathura

 

 

 

 

Shirting Cloth

 

7,000

 

 

Saris

 

25,000

32,000

April 30

Sales A/c

Cr.

 

 

43,437.50

 

 

 

 

 

           

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 30

Sundries as per

 

 

 

 

 

 

 

Purchases Book

 

1,27,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 30

Sundries as per

 

 

 

 

 

 

 

Sales Book

 

43,437.50

 

 

 

 

 

 

 

 

 

 

Ram Prasad, Mumbai

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 01

Purchases

 

10,500

 

 

 

 

 

 

 

 

 

 

Hari Ram & Sons, Delhi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 20

Purchases

 

11,700

 

 

 

 

 

 

 

 

 

 

Man Mohan Lal, Varanasi

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 22

Purchases

 

70,000

 

 

 

 

 

 

 

 

 

 

Shi Ram & Bros., Hapur

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

April 28

Purchases

 

35,000

 

 

 

 

 

 

 

 

 

 

Rati Ram, Ahmedabad

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 10

Sales

 

7,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Radhey Shyam, Delhi 

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 12

Sales

 

3,275

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Roop Narain & Sons

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 18

Sales

 

1037.50

 

 

 

 

 

 

 

 

 

 

 

 

 

Brij Mohan & Bros., Mathura

Dr.

Cr.

Date

Particulars

J.F.

Amount (Rs)

Date

Particulars

J.F.

Amount (Rs)

2016

 

 

 

 

 

 

 

April 23

Sales

 

32,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Answer:

Books of Mohan Lal & Co

Cash Book

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan.10

Raja & Co.

 

3,000

 

 

 

 

 

 

 

 

 

 

Sales Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Grover & Co.

 

 

 

 

10 Electronic Irons @ Rs 250 each

 

2,500

 

 

5 Electric Stoves @ Rs 150 each

 

750

3,250

 

 

 

 

 

Jan.15

Mahesh Bros.

 

 

 

 

10 Heaters @ Rs 500 each

 

5,000

 

 

5 Water Heaters @ Rs 250 each

 

1,250

6,250

 

Sales A/c

Cr.

 

 

9,500

 

 

 

 

 

           

 

Purchases Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.05

Ram & Bros.

 

 

 

 

25 Heaters @ Rs 400 each

 

10,000

 

 

10 Water Heaters @ Rs 200 each

 

2,000

12,000

 

 

 

 

 

Jan.20

Sethi, & Co

 

 

 

 

10 Toasters @ Rs 200 each

 

2,000

 

 

10 Toasters @ Rs 300 each

 

3,000

5,000

 

Purchases A/c

Dr.

 

 

17,000

 

 

 

 

 

           

 

Return Outward Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.18

Ram & Bros.

 

 

 

 

5 Heater @ Rs 400 each

 

 

2,000

 

Return Outward A/c

Cr.

 

 

2,000

 

 

 

 

 

           

 

 

Return Inward Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

Mahesh Bros.

 

 

 

Jan.27

1 Water Heater @ Rs 250

 

 

250

 

Return Inward A/c

Dr.

 

 

250

 

 

 

 

 

Note: Answer of Q.20 is given in the answer of Q.22.

Page No 11.40:

Question 21:

Books of Mohan Lal & Co

Cash Book

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount (Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan.10

Raja & Co.

 

3,000

 

 

 

 

 

 

 

 

 

 

Sales Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.01

Grover & Co.

 

 

 

 

10 Electronic Irons @ Rs 250 each

 

2,500

 

 

5 Electric Stoves @ Rs 150 each

 

750

3,250

 

 

 

 

 

Jan.15

Mahesh Bros.

 

 

 

 

10 Heaters @ Rs 500 each

 

5,000

 

 

5 Water Heaters @ Rs 250 each

 

1,250

6,250

 

Sales A/c

Cr.

 

 

9,500

 

 

 

 

 

           

 

Purchases Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.05

Ram & Bros.

 

 

 

 

25 Heaters @ Rs 400 each

 

10,000

 

 

10 Water Heaters @ Rs 200 each

 

2,000

12,000

 

 

 

 

 

Jan.20

Sethi, & Co

 

 

 

 

10 Toasters @ Rs 200 each

 

2,000

 

 

10 Toasters @ Rs 300 each

 

3,000

5,000

 

Purchases A/c

Dr.

 

 

17,000

 

 

 

 

 

           

 

Return Outward Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Jan.18

Ram & Bros.

 

 

 

 

5 Heater @ Rs 400 each

 

 

2,000

 

Return Outward A/c

Cr.

 

 

2,000

 

 

 

 

 

           

 

 

Return Inward Book

Date

Particulars

J.F.

Details (Rs)

Amount (Rs)

2016

Mahesh Bros.

 

 

 

Jan.27

1 Water Heater @ Rs 250

 

 

250

 

Return Inward A/c

Dr.

 

 

250

 

 

 

 

 

Note: Answer of Q.20 is given in the answer of Q.22.

Answer:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 01

Mahinder

 

 

 

 

    List Price

 

40,000

 

 

    Less: 10% Trade Discount

 

4,000

36,000

 

 

 

 

 

 

 

 

 

 

Jan. 31

Purchases A/c

Dr.

 

 

36,000

 

 

 

 

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 05

Moti

 

 

10,000

Jan. 07

Shyam Singh

 

 

30,000

Jan. 08

Harish

 

 

12,000

Jan. 19

Moti

 

 

6,000

Jan. 27

Mahesh

 

 

8,000

 

 

 

 

 

 

 

 

 

 

Jan. 31

Sales A/c  

Cr.

 

 

66,000

 

 

 

 

 

 

Purchases Return Book

Date

Particulars

Debit 

Note No.

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

 

Jan. 06

Mahinder

 

 

 

 

 

    List Price

 

 

5,000

 

 

    Less: 10% Trade Discount

 

 

500

4,500

Jan. 31

Purchases Return A/c 

Cr.

 

 

 

4,500

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Purchases Book

 

36,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Sales Book

 

66,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Purchases Return A/c

 

4,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mahinder’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 06

Purchases Return  A/c

 

4,500

Jan. 01

Purchases A/c

 

36,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Moti’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 05

Sales A/c

 

10,000

 

 

 

 

Jan. 19

Sales A/c

 

6,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

Shyam Singh’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 07

Sales A/c

 

30,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Harish’s  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 08

Sales A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Mahesh’s  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 27

Sales A/c

 

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Answer of Q.21 is given in the answer of Q.23.

Page No 11.40:

Question 22:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 01

Mahinder

 

 

 

 

    List Price

 

40,000

 

 

    Less: 10% Trade Discount

 

4,000

36,000

 

 

 

 

 

 

 

 

 

 

Jan. 31

Purchases A/c

Dr.

 

 

36,000

 

 

 

 

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan. 05

Moti

 

 

10,000

Jan. 07

Shyam Singh

 

 

30,000

Jan. 08

Harish

 

 

12,000

Jan. 19

Moti

 

 

6,000

Jan. 27

Mahesh

 

 

8,000

 

 

 

 

 

 

 

 

 

 

Jan. 31

Sales A/c  

Cr.

 

 

66,000

 

 

 

 

 

 

Purchases Return Book

Date

Particulars

Debit 

Note No.

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

 

Jan. 06

Mahinder

 

 

 

 

 

    List Price

 

 

5,000

 

 

    Less: 10% Trade Discount

 

 

500

4,500

Jan. 31

Purchases Return A/c 

Cr.

 

 

 

4,500

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Purchases Book

 

36,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Sales Book

 

66,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

 

 

 

 

2016

 

 

 

 

 

 

 

Jan. 31

Sundries as per Purchases Return A/c

 

4,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mahinder’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan. 06

Purchases Return  A/c

 

4,500

Jan. 01

Purchases A/c

 

36,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Moti’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 05

Sales A/c

 

10,000

 

 

 

 

Jan. 19

Sales A/c

 

6,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                 

 

Shyam Singh’s Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 07

Sales A/c

 

30,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Harish’s  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 08

Sales A/c

 

12,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

Mahesh’s  Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

 

 

 

 

Jan. 27

Sales A/c

 

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Answer of Q.21 is given in the answer of Q.23.

Answer:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

March 25

Samanta

 

 

2,475

March 29

Samanta

 

 

2,805

March 31

Purchases A/c

 

 

5,280

 

 

 

 

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

March 11

James

 

 

4,125

March 31

Sales Account

 

 

4,125

 

 

 

 

 

 

 

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

March 01

Balance b/d

 

1,540

8,250

March 02

Machinery

 

 

4,675

March 01

Sales

 

1,925

 

March 04

Salaries

 

 

2,750

March 09

Rajesh

 

 

2612.5

March 07

Wages

 

440

 

March 20

Loan from of Baroda

 

 

13,750

March 22

Drawings

 

 

825

March 30

Sales

 

 

3,740

March 27

Corporation Tax

 

 

1,155

March 31

Cash

C

 

2,200

March 31

Bank

C

2,200

 

 

 

 

 

 

March 31

Balanced b/d

 

825

19,497.5

 

 

 

3,465

30552.5

 

 

 

3,465

30552.5

 

 

 

 

 

 

 

 

 

 

 

Working Note:

March 31 Cash departed into bank = Cash Received – (Cash paid + Closing Balance of Cost) = 3,465 – (440 + 825) = Rs 2,200

Sales Return Book

Date

Particulars

Credit

Note No.

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 11

James

 

 

 

1,100

March 31

Sales Return Account

 

 

 

1,100

 

 

 

 

 

 

 

 

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

2016

 

 

 

 

March 09

Discount Allowed  A/c

Dr.

 

137.5

 

 

To Rajesh

 

 

137.5

 

 

 

 

 

           

 

 

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

19,250

 

 

 

 

 

 

 

 

March 31

Balance c/d

 

19,250

 

 

 

19,250

 

 

 

19,250

 

 

 

 

 

 

 

 

 

Plant and Machinery Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

44,000

 

 

 

 

March 02

Bank

 

4,675

March 31

Balance c/d

 

48,675

 

 

 

48,675

 

 

 

48,675

 

 

 

 

 

 

 

 

 

Rajesh

Dr.

Cr.

 

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

2,750

March 09

Bank

 

2612.5

 

 

 

 

March 09

Discount Allowed

 

137.5

 

 

 

2,750

 

 

 

2,750

 

 

 

 

 

 

 

 

                 

 

James

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

1,375

March 13

Sales Return

 

1,100

March 11

Sales

 

4,125

March 31

Balance c/d

 

4,400

 

 

 

5,500

 

 

 

5,500

 

 

 

 

 

 

 

 

 

 

Roa

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 18

Bank

 

1,650

March 01

Balance b/d

 

1,925

March 31

Balance c/d

 

275

 

 

 

 

 

 

 

1,925

 

 

 

1,925

 

 

 

 

 

 

 

 

 

Samanta

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Balance b/d

 

3,575

 

 

 

 

March 25

Purchases

 

2,475

March 31

Balance c/d

 

8,855

 

Purchases

 

2,805

 

 

 

8,855

 

 

 

8,855

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Balance b/d

 

71,665

March 31

Balance c/d

 

71,665

 

 

 

 

 

 

 

71,665

 

 

 

71,665

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Cash

 

1,925

 

 

 

 

March 11

James

 

4,125

March 31

Balance c/d

 

9,790

March 30

Bank

 

3,740

 

 

 

9,790

 

 

 

9,790

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 31

Sundaries as per

 

5,280

 

 

 

 

 

Purchases Book

 

 

March 31

Balance c/d

 

5,280

 

 

 

5,280

 

 

 

5,280

 

 

 

 

 

 

 

 

 

Sales Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

Sundaries as

 

 

2016

 

 

 

March 13

Per Sales Return Book

 

1,100

March 31

Balance c/d

 

1,100

 

 

 

1,100

 

 

 

1,100

 

 

 

 

 

 

 

 

 

 

Discount Allowed Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 09

Rajesh

 

137.5

March 09

Balance c/d

 

137.5

 

 

 

137.5

 

 

 

137.5

 

 

 

 

 

 

 

 

 

 

Loan from Bank of Baroda

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 31

Balance c/d

 

13,750

March 20

Bank

 

13,750

 

 

 

13,750

 

 

 

13,750

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 07

Cash

 

440

March 31

Balance c/d

 

440

 

 

 

440

 

 

 

440

 

 

 

 

 

 

 

 

 

Salaries Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

March 04

Bank

 

2,750

March 31

Balance c/d

 

2,750

 

 

 

2,750

 

 

 

2,750

 

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 22

Bank

 

825

March 31

Balance c/d

 

825

 

 

 

825

 

 

 

825

 

 

 

 

 

 

 

 

 

Corporation Tax Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 27

Bank

 

1,155

March 31

Balance c/d

 

1,155

 

 

 

1,155

 

 

 

1,155

 

 

 

 

 

 

 

 

 

Trial Balance

as on March 31, 2016

S. No.

Account Title

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

 

Cash

 

825

 

 

Bank

 

19497.5

 

 

Stock

 

19,250

 

 

Plant and Machinery

 

48,675

 

 

James

 

4,400

 

 

Samanta

 

 

8,855

 

Capital

 

 

71,655

 

Sales

 

 

9,790

 

Purchases

 

5,280

 

 

Sales Return

 

1,100

 

 

Discount Allowed

 

137.5

 

 

Loan from Bank of Baroda

 

 

13,750

 

Wages

 

440

 

 

Salaries

 

2,750

 

 

Drawings

 

825

 

 

Corporation Tax

 

1,155

 

 

Roa

 

 

275

 

 

 

1,04,335

1,04,335

 

 

 

 

 

 

Note:
1) In order to get the answer equal to Rs 1,03,235 Sales Return Rs 1,100 will be deducted directly from total sales. Then Sales will be shown at Rs (9,790 – 1,100) = Rs 8,690 and Sales Return will not be shown.
2) Answer of Q.22 is given in the answer of Q.24.


 



Page No 11.41:

Question 23:

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

March 25

Samanta

 

 

2,475

March 29

Samanta

 

 

2,805

March 31

Purchases A/c

 

 

5,280

 

 

 

 

 

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

March 11

James

 

 

4,125

March 31

Sales Account

 

 

4,125

 

 

 

 

 

 

 

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

March 01

Balance b/d

 

1,540

8,250

March 02

Machinery

 

 

4,675

March 01

Sales

 

1,925

 

March 04

Salaries

 

 

2,750

March 09

Rajesh

 

 

2612.5

March 07

Wages

 

440

 

March 20

Loan from of Baroda

 

 

13,750

March 22

Drawings

 

 

825

March 30

Sales

 

 

3,740

March 27

Corporation Tax

 

 

1,155

March 31

Cash

C

 

2,200

March 31

Bank

C

2,200

 

 

 

 

 

 

March 31

Balanced b/d

 

825

19,497.5

 

 

 

3,465

30552.5

 

 

 

3,465

30552.5

 

 

 

 

 

 

 

 

 

 

 

Working Note:

March 31 Cash departed into bank = Cash Received – (Cash paid + Closing Balance of Cost) = 3,465 – (440 + 825) = Rs 2,200

Sales Return Book

Date

Particulars

Credit

Note No.

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

 

March 11

James

 

 

 

1,100

March 31

Sales Return Account

 

 

 

1,100

 

 

 

 

 

 

 

 

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

 

 

 

 

 

2016

 

 

 

 

March 09

Discount Allowed  A/c

Dr.

 

137.5

 

 

To Rajesh

 

 

137.5

 

 

 

 

 

           

 

 

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

19,250

 

 

 

 

 

 

 

 

March 31

Balance c/d

 

19,250

 

 

 

19,250

 

 

 

19,250

 

 

 

 

 

 

 

 

 

Plant and Machinery Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

44,000

 

 

 

 

March 02

Bank

 

4,675

March 31

Balance c/d

 

48,675

 

 

 

48,675

 

 

 

48,675

 

 

 

 

 

 

 

 

 

Rajesh

Dr.

Cr.

 

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

2,750

March 09

Bank

 

2612.5

 

 

 

 

March 09

Discount Allowed

 

137.5

 

 

 

2,750

 

 

 

2,750

 

 

 

 

 

 

 

 

                 

 

James

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 01

Balance b/d

 

1,375

March 13

Sales Return

 

1,100

March 11

Sales

 

4,125

March 31

Balance c/d

 

4,400

 

 

 

5,500

 

 

 

5,500

 

 

 

 

 

 

 

 

 

 

Roa

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 18

Bank

 

1,650

March 01

Balance b/d

 

1,925

March 31

Balance c/d

 

275

 

 

 

 

 

 

 

1,925

 

 

 

1,925

 

 

 

 

 

 

 

 

 

Samanta

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Balance b/d

 

3,575

 

 

 

 

March 25

Purchases

 

2,475

March 31

Balance c/d

 

8,855

 

Purchases

 

2,805

 

 

 

8,855

 

 

 

8,855

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Balance b/d

 

71,665

March 31

Balance c/d

 

71,665

 

 

 

 

 

 

 

71,665

 

 

 

71,665

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

March 01

Cash

 

1,925

 

 

 

 

March 11

James

 

4,125

March 31

Balance c/d

 

9,790

March 30

Bank

 

3,740

 

 

 

9,790

 

 

 

9,790

 

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 31

Sundaries as per

 

5,280

 

 

 

 

 

Purchases Book

 

 

March 31

Balance c/d

 

5,280

 

 

 

5,280

 

 

 

5,280

 

 

 

 

 

 

 

 

 

Sales Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

Sundaries as

 

 

2016

 

 

 

March 13

Per Sales Return Book

 

1,100

March 31

Balance c/d

 

1,100

 

 

 

1,100

 

 

 

1,100

 

 

 

 

 

 

 

 

 

 

Discount Allowed Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 09

Rajesh

 

137.5

March 09

Balance c/d

 

137.5

 

 

 

137.5

 

 

 

137.5

 

 

 

 

 

 

 

 

 

 

Loan from Bank of Baroda

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 31

Balance c/d

 

13,750

March 20

Bank

 

13,750

 

 

 

13,750

 

 

 

13,750

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 07

Cash

 

440

March 31

Balance c/d

 

440

 

 

 

440

 

 

 

440

 

 

 

 

 

 

 

 

 

Salaries Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

March 04

Bank

 

2,750

March 31

Balance c/d

 

2,750

 

 

 

2,750

 

 

 

2,750

 

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 22

Bank

 

825

March 31

Balance c/d

 

825

 

 

 

825

 

 

 

825

 

 

 

 

 

 

 

 

 

Corporation Tax Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

March 27

Bank

 

1,155

March 31

Balance c/d

 

1,155

 

 

 

1,155

 

 

 

1,155

 

 

 

 

 

 

 

 

 

Trial Balance

as on March 31, 2016

S. No.

Account Title

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

 

Cash

 

825

 

 

Bank

 

19497.5

 

 

Stock

 

19,250

 

 

Plant and Machinery

 

48,675

 

 

James

 

4,400

 

 

Samanta

 

 

8,855

 

Capital

 

 

71,655

 

Sales

 

 

9,790

 

Purchases

 

5,280

 

 

Sales Return

 

1,100

 

 

Discount Allowed

 

137.5

 

 

Loan from Bank of Baroda

 

 

13,750

 

Wages

 

440

 

 

Salaries

 

2,750

 

 

Drawings

 

825

 

 

Corporation Tax

 

1,155

 

 

Roa

 

 

275

 

 

 

1,04,335

1,04,335

 

 

 

 

 

 

Note:
1) In order to get the answer equal to Rs 1,03,235 Sales Return Rs 1,100 will be deducted directly from total sales. Then Sales will be shown at Rs (9,790 – 1,100) = Rs 8,690 and Sales Return will not be shown.
2) Answer of Q.22 is given in the answer of Q.24.


 

Answer:

Book of Shri Kailash Chand

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Mar.18

Shyam Lal

 

 

 

 

Wheat

 

16,000

 

 

Rice

 

2,000

18,000

 

 

 

 

 

Mar.22

Attar Chand

 

 

5,000

Mar.31

Purchases A/c

Dr.

 

 

23,000

 

 

 

 

 

           

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Mar.07

Shri Ramesh Chand

 

 

 

 

Wheat

 

20,000

 

 

Rice

 

5,000

25,000

 

 

 

 

 

Mar.15

Jagdish Narain

 

 

 

 

Wheat

 

6,000

 

 

Rice

 

500

6,500

Mar.31

Sales A/c

Cr.

 

 

31,500

 

 

 

 

 

           

 

Cash Book

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

Mar.01

Capital

 

25,000

 

Mar.01

Purchases

 

4,750

 

Mar.02

Cash

C

 

15,000

Mar.02

Typewriter

 

1,700

 

Mar.10

Shri Ramesh Chand

 

11,000

 

Mar.05

Bank

C

15,000

 

Mar.14

Jagdish Narain

 

2,200

 

Mar.20

Cash

C

 

7,000

Mar.20

Bank

C

7,000

 

Mar.21

Shyam Lal

 

17,500

 

Mar.23

Sales

 

6,500

 

Mar.25

Salary

 

2,500

 

Mar.30

Cash

C

 

8,000

Mar.28

Rent

 

1,500

 

 

 

 

 

 

Mar.30

Bank

C

8,000

 

 

 

 

 

 

Mar.31

Drawings

 

500

 

 

 

 

 

 

Mar.31

Balance c/d

 

250

16,000

 

 

 

51,700

23,000

 

 

 

51,700

23,000

 

 

 

 

 

 

 

 

 

 

 

Journal

Date

Particulars

L.F.

Debit Amount (Rs)

Credit Amount (Rs)

2016

 

 

 

 

Mar.14

Discount Allowed A/c

Dr.

 

300

 

 

To Jagdish Narain

 

 

300

 

(Discount allowed to Jagdish Narain on receiving cash)

 

 

 

 

 

 

 

 

Mar.21

Shyam Lal

Dr.

 

500

 

 

To Discount Received

 

 

500

 

(Discount Received from Shyam Lal on payment)

 

 

 

 

 

 

 

 

 

Typewriter Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.02

Cash

 

1,700

 

 

 

 

 

 

 

 

Mar.31

Balance c/d

 

1,700

 

 

 

1,700

 

 

 

1,700

 

 

 

 

 

 

 

 

 

Shri Ramesh Chand

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.07

Sales

 

25,000

Mar.10

Cash

 

11,000

 

 

 

 

Mar.31

Balance c/d

 

14,000

 

 

 

25,000

 

 

 

25,000

 

 

 

 

 

 

 

 

 

Jagdish Narain

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.15

Sales

 

6,500

Mar.15

Cash

 

2,200

 

 

 

 

Mar.15

Discount Allowed

 

300

 

 

 

 

Mar.31

Balance c/d

 

4,000

 

 

 

6,500

 

 

 

6,500

 

 

 

 

 

 

 

 

 

Shyam Lal

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

Mar.21

Cash

 

17,500

Mar.18

Purchases

 

18,000

Mar.21

Discount Received

 

500

 

 

 

 

 

 

 

18,000

 

 

 

18,000

 

 

 

 

 

 

 

 

 

Attar Chand

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.22

Purchases

 

5,000

Mar.31

Balance c/d

 

5,000

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.22

Shyam Lal

 

500

Mar.31

Balance c/d

 

500

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Discount Allowed Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.14

Jagdish Narain

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Salary Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.25

Cash

 

2,500

Mar.31

Balance c/d

 

2,500

 

 

 

2,500

 

 

 

2,500

 

 

 

 

 

 

 

 

 

Purchase Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.01

Cash

 

4,750

 

 

 

 

Mar.31

Sundries as per

 

 

 

 

 

 

 

Purchases Book

 

23,000

Mar.31

Balance c/d

 

27,750

 

 

 

27,750

 

 

 

27,750

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.23

Cash

 

6,500

 

 

 

 

Mar.31

Sundries as per

 

31,500

Mar.31

Balance c/d

 

38,000

 

Sales Book

 

 

 

 

 

38,000

 

 

 

38,000

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.31

Balance c/d

 

25,000

Mar.01

Cash

 

25,000

 

 

 

25,000

 

 

 

25,000

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.20

Cash

 

1,500

Mar.31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.31

Cash

 

500

Mar.31

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

Trial Balance

as on March 31, 2016

S. No.

Account Title

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

 

Cash

 

250

 

 

Bank

 

16,000

 

 

Purchases

 

27,750

 

 

Sales

 

 

38,000

 

Capital

 

 

25,000

 

Typewriter

 

1,700

 

 

Shri Ramesh Chand

 

14,000

 

 

Jagdish Narian

 

4,000

 

 

Attar Chand

 

 

5,000

 

Discount Received

 

 

500

 

Discount Allowed

 

300

 

 

Salary

 

2,500

 

 

Rent

 

1,500

 

 

Drawings

 

500

 

 

 

 

68,500

68,500

 

 

 

 

 

Note: Answer of Q.23 is given in the answer of Q.25.



Page No 11.42:

Question 24:

Book of Shri Kailash Chand

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Mar.18

Shyam Lal

 

 

 

 

Wheat

 

16,000

 

 

Rice

 

2,000

18,000

 

 

 

 

 

Mar.22

Attar Chand

 

 

5,000

Mar.31

Purchases A/c

Dr.

 

 

23,000

 

 

 

 

 

           

 

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount (Rs)

2016

 

 

 

 

Mar.07

Shri Ramesh Chand

 

 

 

 

Wheat

 

20,000

 

 

Rice

 

5,000

25,000

 

 

 

 

 

Mar.15

Jagdish Narain

 

 

 

 

Wheat

 

6,000

 

 

Rice

 

500

6,500

Mar.31

Sales A/c

Cr.

 

 

31,500

 

 

 

 

 

           

 

Cash Book

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

Mar.01

Capital

 

25,000

 

Mar.01

Purchases

 

4,750

 

Mar.02

Cash

C

 

15,000

Mar.02

Typewriter

 

1,700

 

Mar.10

Shri Ramesh Chand

 

11,000

 

Mar.05

Bank

C

15,000

 

Mar.14

Jagdish Narain

 

2,200

 

Mar.20

Cash

C

 

7,000

Mar.20

Bank

C

7,000

 

Mar.21

Shyam Lal

 

17,500

 

Mar.23

Sales

 

6,500

 

Mar.25

Salary

 

2,500

 

Mar.30

Cash

C

 

8,000

Mar.28

Rent

 

1,500

 

 

 

 

 

 

Mar.30

Bank

C

8,000

 

 

 

 

 

 

Mar.31

Drawings

 

500

 

 

 

 

 

 

Mar.31

Balance c/d

 

250

16,000

 

 

 

51,700

23,000

 

 

 

51,700

23,000

 

 

 

 

 

 

 

 

 

 

 

Journal

Date

Particulars

L.F.

Debit Amount (Rs)

Credit Amount (Rs)

2016

 

 

 

 

Mar.14

Discount Allowed A/c

Dr.

 

300

 

 

To Jagdish Narain

 

 

300

 

(Discount allowed to Jagdish Narain on receiving cash)

 

 

 

 

 

 

 

 

Mar.21

Shyam Lal

Dr.

 

500

 

 

To Discount Received

 

 

500

 

(Discount Received from Shyam Lal on payment)

 

 

 

 

 

 

 

 

 

Typewriter Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.02

Cash

 

1,700

 

 

 

 

 

 

 

 

Mar.31

Balance c/d

 

1,700

 

 

 

1,700

 

 

 

1,700

 

 

 

 

 

 

 

 

 

Shri Ramesh Chand

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.07

Sales

 

25,000

Mar.10

Cash

 

11,000

 

 

 

 

Mar.31

Balance c/d

 

14,000

 

 

 

25,000

 

 

 

25,000

 

 

 

 

 

 

 

 

 

Jagdish Narain

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.15

Sales

 

6,500

Mar.15

Cash

 

2,200

 

 

 

 

Mar.15

Discount Allowed

 

300

 

 

 

 

Mar.31

Balance c/d

 

4,000

 

 

 

6,500

 

 

 

6,500

 

 

 

 

 

 

 

 

 

Shyam Lal

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

 (Rs)

2016

 

 

 

2016

 

 

 

Mar.21

Cash

 

17,500

Mar.18

Purchases

 

18,000

Mar.21

Discount Received

 

500

 

 

 

 

 

 

 

18,000

 

 

 

18,000

 

 

 

 

 

 

 

 

 

Attar Chand

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.22

Purchases

 

5,000

Mar.31

Balance c/d

 

5,000

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.22

Shyam Lal

 

500

Mar.31

Balance c/d

 

500

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Discount Allowed Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.14

Jagdish Narain

 

300

Mar.31

Balance c/d

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Salary Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.25

Cash

 

2,500

Mar.31

Balance c/d

 

2,500

 

 

 

2,500

 

 

 

2,500

 

 

 

 

 

 

 

 

 

Purchase Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.01

Cash

 

4,750

 

 

 

 

Mar.31

Sundries as per

 

 

 

 

 

 

 

Purchases Book

 

23,000

Mar.31

Balance c/d

 

27,750

 

 

 

27,750

 

 

 

27,750

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Mar.23

Cash

 

6,500

 

 

 

 

Mar.31

Sundries as per

 

31,500

Mar.31

Balance c/d

 

38,000

 

Sales Book

 

 

 

 

 

38,000

 

 

 

38,000

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.31

Balance c/d

 

25,000

Mar.01

Cash

 

25,000

 

 

 

25,000

 

 

 

25,000

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.20

Cash

 

1,500

Mar.31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Mar.31

Cash

 

500

Mar.31

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

Trial Balance

as on March 31, 2016

S. No.

Account Title

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

 

Cash

 

250

 

 

Bank

 

16,000

 

 

Purchases

 

27,750

 

 

Sales

 

 

38,000

 

Capital

 

 

25,000

 

Typewriter

 

1,700

 

 

Shri Ramesh Chand

 

14,000

 

 

Jagdish Narian

 

4,000

 

 

Attar Chand

 

 

5,000

 

Discount Received

 

 

500

 

Discount Allowed

 

300

 

 

Salary

 

2,500

 

 

Rent

 

1,500

 

 

Drawings

 

500

 

 

 

 

68,500

68,500

 

 

 

 

 

Note: Answer of Q.23 is given in the answer of Q.25.

Answer:

Books of Ram

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.01

R. Raman

 

 

5,000

Jan.06

Bimal

 

 

7,500

Jan.21

Ramesh

 

 

6,000

Jan.31

Sales A/c

Cr.

 

 

18,500

 

 

 

 

 

           

 

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.02

Man Mohan

 

 

10,000

Jan.23

Man Mohan

 

 

7,000

Jan.31

Purchases A/c

Dr.

 

 

17,000

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.08

Bimal

 

 

1,500

Jan.31

Sales Return A/c

Dr.

 

 

1,500

 

 

 

 

 

           

 

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

Jan.01

Capital

 

12,500

12,500

Jan.03

Stationery

 

100

 

Jan.05

R. Raman

 

4,700

 

Jan.10

Bank

C

1,000

 

Jan.10

Cash

C

 

1,000

Jan.12

Wages

 

1,500

 

Jan.12

Bimal

 

 

6,000

Jan.19

Wages

 

1,500

 

 

 

 

 

 

Jan.21

Man Mohan

 

 

9,500

 

 

 

 

 

Jan.24

Drawings

 

 

2,000

 

 

 

 

 

Jan.27

Wages

 

1,500

 

 

 

 

 

 

Jan.31

Balance c/d

 

11,600

8,000

 

 

 

17,200

19,500

 

 

 

17,200

19,500

 

 

 

 

 

 

 

 

 

 

                     

 

Journal Entries

Date

Particulars

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

2016

 

 

 

 

Jan.01

Stock A/c

Dr.

 

20,000

 

 

Furniture and Fittings A/c

Dr.

 

5,000

 

 

To Capital A/c

 

 

25,000

 

(Ram brought Stock and Furniture as Capital)

 

 

 

 

 

 

 

 

Jan.05

Discount Allowed A/c

Dr.

 

300

 

 

To R. Raman

 

 

300

 

(Discount was allowed to R. Ram for Cash receiving)

 

 

 

 

 

 

 

 

Jan.19

Furniture and Fittings A/c

Dr.

 

1,500

 

 

To Unions Furniture Co.

 

 

1,500

 

(Desk Purchased from Union Furniture Co.)

 

 

 

 

 

 

 

 

Jan.21

Man Mohan

Dr.

 

500

 

 

To Discount Received A/c

 

 

500

 

(Discount allowed by Man Mohan on Paying Cash)

 

 

 

 

 

 

 

 

Jan.31

Rent A/c

Dr.

 

1,000

 

 

To Rent Outstanding A/c

 

 

1,000

 

(Rent due to Land Lord)

 

 

 

 

 

 

 

 

 

 

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital

 

20,000

 

 

 

 

 

 

 

 

Jan.31

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

 

Furniture and Fittings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital

 

5,000

 

 

 

 

Jan.13

Union Furniture Co .

 

1,500

Jan.31

Balance c/d

 

6,500

 

 

 

6,500

 

 

 

6,500

 

 

 

 

 

 

 

 

 

 

 

Union Furniture Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.13

Furniture

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.01

Cash

 

12,500

 

 

 

 

 

Bank

 

12,500

 

 

 

 

 

Stock

 

20,000

Jan.31

Balance c/d

 

50,000

 

Furniture & Fittings

 

5,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.31

Sundries as per

 

 

Jan.31

Balance c/d

 

18,500

 

Sales Book

 

18,500

 

 

 

18,500

 

 

 

18,500

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 Jan.31

Sundries as per Purchases Book

 

17,000

Jan.31

Balance c/d

 

17,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

R. Raman

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Sales

 

5,000

Jan.05

Cash

 

4,700

 

 

 

 

 

Discount Allowed

 

300

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Discount Allowed

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

 

Sales Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Man Mohan

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan 21

Bank

 

9,500

Jan 02

Purchases

 

10,000

Jan 21

Discount Received

 

500

Jan 23

Purchases

 

7,000

Jan 31

Balance c/d

 

7,000

 

 

 

 

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

 

Stationery Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.03

Cash

 

100

Jan.31

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

Bimal

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.08

Sales Return

 

1,500

Jan.06

Sales

 

7,500

Jan.22

Bank

 

6,000

 

 

 

7,500

 

 

 

7,500

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.12

Cash

 

1,500

 

 

 

 

Jan.19

Cash

 

1,500

 

 

 

 

Jan.27

Cash

 

1,500

Jan.31

Balance c/d

 

4,500

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.21

Manmohan

 

500

Jan.31

Balance c/d

 

500

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Ramesh

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.21

 

 

6,000

Jan.31

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

 

 

 

 

 

 

 

 

Jan.31

Balance c/d

 

1,500

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Rent Outstanding Account 

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

 

Trial Balance

as on January 31, 2016

S. No.

Accounts Title

L.F.

Debit

(Rs)

Credit

(Rs)

(i)

Cash

 

11,600

 

(ii)

Bank

 

8,000

 

(iii)

Capital

 

 

50,000

(iv)

Sales

 

 

18,500

(v)

Purchase

 

17,000

 

(vi)

Stock

 

20,000

 

(vii)

Furniture and Fittings

 

6,500

 

(viii)

Unioun Furniture Co

 

 

1,500

(ix)

Wages

 

4,500

 

(x)

Discount Received

 

 

500

(xi)

Ramesh

 

6,000

 

(xii)

Discount Allowed

 

300

 

(xiii)

Sales Return

 

1,500

 

(xiv)

Man Mohan

 

 

7,000

(xv)

Stationery

 

100

 

(xvi)

Drawings

 

2,000

 

(xvii)

Rent

 

1,000

 

(xviii)

Rent Outstanding

 

 

1,000

 

 

 

78,500

78,500

 

 

 

 

 

Note: Answer of Q.24 is given in the answer of Q.26.

Page No 11.42:

Question 25:

Books of Ram

Sales Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.01

R. Raman

 

 

5,000

Jan.06

Bimal

 

 

7,500

Jan.21

Ramesh

 

 

6,000

Jan.31

Sales A/c

Cr.

 

 

18,500

 

 

 

 

 

           

 

Purchases Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.02

Man Mohan

 

 

10,000

Jan.23

Man Mohan

 

 

7,000

Jan.31

Purchases A/c

Dr.

 

 

17,000

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details (Rs)

Amount

(Rs)

2016

 

 

 

 

Jan.08

Bimal

 

 

1,500

Jan.31

Sales Return A/c

Dr.

 

 

1,500

 

 

 

 

 

           

 

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

2016

 

 

 

 

2016

 

 

 

 

Jan.01

Capital

 

12,500

12,500

Jan.03

Stationery

 

100

 

Jan.05

R. Raman

 

4,700

 

Jan.10

Bank

C

1,000

 

Jan.10

Cash

C

 

1,000

Jan.12

Wages

 

1,500

 

Jan.12

Bimal

 

 

6,000

Jan.19

Wages

 

1,500

 

 

 

 

 

 

Jan.21

Man Mohan

 

 

9,500

 

 

 

 

 

Jan.24

Drawings

 

 

2,000

 

 

 

 

 

Jan.27

Wages

 

1,500

 

 

 

 

 

 

Jan.31

Balance c/d

 

11,600

8,000

 

 

 

17,200

19,500

 

 

 

17,200

19,500

 

 

 

 

 

 

 

 

 

 

                     

 

Journal Entries

Date

Particulars

L.F.

Debit

Balance

(Rs)

Credit

Balance

(Rs)

2016

 

 

 

 

Jan.01

Stock A/c

Dr.

 

20,000

 

 

Furniture and Fittings A/c

Dr.

 

5,000

 

 

To Capital A/c

 

 

25,000

 

(Ram brought Stock and Furniture as Capital)

 

 

 

 

 

 

 

 

Jan.05

Discount Allowed A/c

Dr.

 

300

 

 

To R. Raman

 

 

300

 

(Discount was allowed to R. Ram for Cash receiving)

 

 

 

 

 

 

 

 

Jan.19

Furniture and Fittings A/c

Dr.

 

1,500

 

 

To Unions Furniture Co.

 

 

1,500

 

(Desk Purchased from Union Furniture Co.)

 

 

 

 

 

 

 

 

Jan.21

Man Mohan

Dr.

 

500

 

 

To Discount Received A/c

 

 

500

 

(Discount allowed by Man Mohan on Paying Cash)

 

 

 

 

 

 

 

 

Jan.31

Rent A/c

Dr.

 

1,000

 

 

To Rent Outstanding A/c

 

 

1,000

 

(Rent due to Land Lord)

 

 

 

 

 

 

 

 

 

 

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital

 

20,000

 

 

 

 

 

 

 

 

Jan.31

Balance c/d

 

20,000

 

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

 

 

 

Furniture and Fittings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Capital

 

5,000

 

 

 

 

Jan.13

Union Furniture Co .

 

1,500

Jan.31

Balance c/d

 

6,500

 

 

 

6,500

 

 

 

6,500

 

 

 

 

 

 

 

 

 

 

 

Union Furniture Co.

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.13

Furniture

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.01

Cash

 

12,500

 

 

 

 

 

Bank

 

12,500

 

 

 

 

 

Stock

 

20,000

Jan.31

Balance c/d

 

50,000

 

Furniture & Fittings

 

5,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.31

Sundries as per

 

 

Jan.31

Balance c/d

 

18,500

 

Sales Book

 

18,500

 

 

 

18,500

 

 

 

18,500

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 Jan.31

Sundries as per Purchases Book

 

17,000

Jan.31

Balance c/d

 

17,000

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

R. Raman

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.01

Sales

 

5,000

Jan.05

Cash

 

4,700

 

 

 

 

 

Discount Allowed

 

300

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Discount Allowed

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

 

Sales Return Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

 

Man Mohan

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan 21

Bank

 

9,500

Jan 02

Purchases

 

10,000

Jan 21

Discount Received

 

500

Jan 23

Purchases

 

7,000

Jan 31

Balance c/d

 

7,000

 

 

 

 

 

 

 

17,000

 

 

 

17,000

 

 

 

 

 

 

 

 

 

 

Stationery Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.03

Cash

 

100

Jan.31

Balance c/d

 

100

 

 

 

100

 

 

 

100

 

 

 

 

 

 

 

 

 

Bimal

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.08

Sales Return

 

1,500

Jan.06

Sales

 

7,500

Jan.22

Bank

 

6,000

 

 

 

7,500

 

 

 

7,500

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.12

Cash

 

1,500

 

 

 

 

Jan.19

Cash

 

1,500

 

 

 

 

Jan.27

Cash

 

1,500

Jan.31

Balance c/d

 

4,500

 

 

 

4,500

 

 

 

4,500

 

 

 

 

 

 

 

 

 

 

Discount Received Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

Jan.21

Manmohan

 

500

Jan.31

Balance c/d

 

500

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Ramesh

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.21

 

 

6,000

Jan.31

Balance c/d

 

6,000

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

 

Drawings Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

 

 

 

 

 

 

 

 

Jan.31

Balance c/d

 

1,500

 

 

 

2,000

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Rent Outstanding Account 

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

Jan.31

Balance c/d

 

1,500

Jan.31

Balance c/d

 

1,500

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

 

Trial Balance

as on January 31, 2016

S. No.

Accounts Title

L.F.

Debit

(Rs)

Credit

(Rs)

(i)

Cash

 

11,600

 

(ii)

Bank

 

8,000

 

(iii)

Capital

 

 

50,000

(iv)

Sales

 

 

18,500

(v)

Purchase

 

17,000

 

(vi)

Stock

 

20,000

 

(vii)

Furniture and Fittings

 

6,500

 

(viii)

Unioun Furniture Co

 

 

1,500

(ix)

Wages

 

4,500

 

(x)

Discount Received

 

 

500

(xi)

Ramesh

 

6,000

 

(xii)

Discount Allowed

 

300

 

(xiii)

Sales Return

 

1,500

 

(xiv)

Man Mohan

 

 

7,000

(xv)

Stationery

 

100

 

(xvi)

Drawings

 

2,000

 

(xvii)

Rent

 

1,000

 

(xviii)

Rent Outstanding

 

 

1,000

 

 

 

78,500

78,500

 

 

 

 

 

Note: Answer of Q.24 is given in the answer of Q.26.

Answer:

Books of A Gupta

Cash Book

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2016

 

 

 

 

2016

 

 

 

 

July 01

Capital A/c

 

4,000

6,000

July 04

S. Raj

 

 

500

July 11

R. Mukherjee

 

860

 

July 05

Typewriter A/c

 

1,500

 

July 14

Sales A/c

 

3,300

 

July 06

Purchases A/c

 

 

1,500

July 20

T. Rana

 

1,300

 

July 10

Drawings A/c

 

150

 

July 25

Cash A/c

C

 

3,500

July 17

D. Seth

 

900

 

July 31

T. Rana

 

1,065

 

July 25

Bank A/c

C

3,500

 

 

 

 

 

 

July 31

Wages A/c

 

480

 

 

 

 

 

 

July 31

Balance c/d

 

3,995

7,500

 

 

 

10,525

9,500

 

 

 

10,525

9,500

 

 

 

 

 

 

 

 

 

 

                       

 

Sales Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 02

R. Mukherjee

 

 

500

July 08

D. Das

 

1,000

 

 

Less: Trade Discount @ 5%

 

(50)

950

July 09

R. Mukherjee

 

 

1,200

July 14

T. Rana

 

 

2,000

July 17

D. Dass

 

 

1,000

July 28

T. Rana

 

 

1,500

July 31

Sales A/c

Cr.

 

 

7,150

 

 

 

 

 

           

 

Purchase Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 01

S. Raj

 

1,000

 

 

Less: Trade Discount @ 10%

 

(100)

900

July 05

D. Seth

 

 

2,000

July 09

M. Dey

 

1,500

 

 

Less: Trade Discount @ 5%

 

(75)

1,425

July 14

D. Seth

 

 

1,200

July 20

M. Dey

 

 

600

July 31

Purchases A/c

Dr.

 

 

6,125

 

 

 

 

 

           

 

Purchase Return Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 04

S. Raj

 

 

300

July 25

M. Dey

 

 

400

July 31

Purchases Return A/c

Cr.

 

 

700

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 06

R. Mukherjee

 

 

200

July 09

D. Dass

 

 

300

July 31

Sales Return A/c

Dr.

 

 

500

 

 

 

 

 

           

 

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

July 04

S. Raj

Dr.

 

25

 

 

To Discount Received A/c

 

 

25

 

(Payment made to S. Raj and discount received)

 

 

 

 

 

 

 

 

July 11

Discount Allowed A/c

Dr.

 

40

 

 

To R. Mukherjee A/c

 

 

40

 

(Cash received from R. Mukherjee and discount allowed)

 

 

 

 

 

 

 

 

July 17

D. Seth

Dr.

 

70

 

 

To Discount Received A/c

 

 

70

 

(Paid to D. Seth and discount received)

 

 

 

 

 

 

 

 

July 20

Discount Allowed

Dr.

 

70

 

 

To T. Rana

 

 

70

 

(Received from T. Rana and discount allowed to him)

 

 

 

 

 

 

 

 

July 31

Bad Debts A/c

Dr.

 

1,065

 

 

To T. Rana

 

 

1,065

 

(T. Rana became insolvent and 50 paise realized from his estates)

 

 

 

 

 

 

 

 

             

 

Capital Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 01

Cash A/c

 

4,000

July 31

Balance c/d

 

10,000

 

Bank A/c

 

6,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                 

 

R. Mukherjee

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 02

Sales A/c

 

500

July 06

Sales Return A/c

 

200

July 09

Sales A/c

 

1,200

July 11

Cash A/c

 

860

 

 

 

 

 

Discount Allowed A/c

 

40

 

 

 

 

July 31

Balance c/d

 

600

 

 

 

1,700

 

 

 

1,700

 

 

 

 

 

 

 

 

                 

 

S. Raj

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 04

Purchase Return

 

300

July 01

Purchases

 

900

 

Bank A/c

 

500

 

 

 

 

 

Discount Received A/c

 

25

 

 

 

 

July 31

Balance c/d

 

75

 

 

 

 

 

 

 

900

 

 

 

900

 

 

 

 

 

 

 

 

                 

 

Discount Received A/c

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 04

S. Raj

 

25

July 31

Balance c/d

 

95

July 17

D. Seth

 

70

 

 

 

95

 

 

 

95

 

 

 

 

 

 

 

 

                 

 

D. Seth

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 17

Cash A/c

 

900

July 05

Purchases A/c

 

2,000

 

Discount Received A/c

 

70

July 14

Purchases A/c

 

1,200

July 31

Balance c/d

 

2,230

 

 

 

 

 

 

 

3,200

 

 

 

3,200

 

 

 

 

 

 

 

 

                 

 

Typewriter Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 05

Cash A/c

 

1,500

July 31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

                 

 

Purchases Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 06

Bank A/c

 

1,500

July 28

Drawings

 

250

July 31

Sundries from Purchases Book

 

6,125

July 31

Balance c/d

 

7,375

 

 

 

7,625

 

 

 

7,625

 

 

 

 

 

 

 

 

                 

 

D. Dass

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 08

Sales A/c

 

950

July 09

Sales Return

 

300

July 17

D. Dass

 

1,000

July 31

Balance c/d

 

1,650

 

 

 

1,950

 

 

 

1,950

 

 

 

 

 

 

 

 

                 

 

M. Dey

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 25

Purchases Return

 

400

July 09

Purchases A/c

 

1,425

July 31

Balance c/d

 

1,625

July 20

Purchases A/c

 

600

 

 

 

2,025

 

 

 

2,025

 

 

 

 

 

 

 

 

                 

 

Drawing Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 10

Cash A/c

 

150

 

 

 

 

July 28

Purchases A/c

 

250

July 31

Balance c/d

 

400

 

 

 

400

 

 

 

400

 

 

 

 

 

 

 

 

                 

 

Discount Allowed Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 11

R. Mukherjee

 

40

 

 

 

 

July 20

T. Rana

 

70

July 31

Balance c/d

 

110

 

 

 

110

 

 

 

110

 

 

 

 

 

 

 

 

                 

 

T. Rana

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 14

Sales A/c

 

2,000

July 20

Cash

 

1,300

July 28

Sales A/c

 

1,500

 

Discount Allowed

 

70

 

 

 

 

July 31

Cash A/c

 

1,065

 

 

 

 

 

Bad Debts A/c

 

1,065

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

                 

 

Wages Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Cash A/c

 

480

July 31

Balance c/d

 

480

 

 

 

480

 

 

 

480

 

 

 

 

 

 

 

 

                 

 

Bad Debts Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

T. Rana

 

1,065

July 31

Balance c/d

 

1,065

 

 

 

1,065

 

 

 

1,065

 

 

 

 

 

 

 

 

                 

 

Sales Accounts

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 14

Cash A/c

 

3,300

July 31

Balance c/d

 

10,450

July 31

Sundries of Sales Book

 

7,150

 

 

 

10,450

 

 

 

10,450

 

 

 

 

 

 

 

 

 

Sales Return Accounts

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Sundries of Sales Return Book

 

500

July 31

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Balance c/d

 

700

July 31

Sundries of Purchase  Return Book

 

700

 

 

 

700

 

 

 

700

 

 

 

 

 

 

 

 

 

Trial Balance

as on July 31, 2016

S. No.

Account Title

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Cash

3,995

 

2

Bank

7,500

 

3

Sales

 

10,450

4

Purchases

7,375

 

5

Sales Return

500

 

6

Purchases Return

 

700

7

Capital

 

10,000

8

R. Mukherjee

600

 

9

S. Raj

 

75

10

Discount Received

 

95

11

Discount Allowed

110

 

12

D. Seth

 

2,230

13

Typewriter

1,500

 

14

D. Dass

1,650

 

15

M. Dey

 

1,625

16

Drawings

400

 

17

Wages

480

 

18

Bad Debts

1,065

 

 

 

25,175

25,175

 

 

 

 

Note: Answer of Q.25 is given in the answer of Q.27.



Page No 11.43:

Question 26:

Books of A Gupta

Cash Book

Dr.

 

 

 

 

 

 

 

 

Cr.

Date

Particulars

L.F.

Cash

Bank

Date

Particulars

L.F.

Cash

Bank

2016

 

 

 

 

2016

 

 

 

 

July 01

Capital A/c

 

4,000

6,000

July 04

S. Raj

 

 

500

July 11

R. Mukherjee

 

860

 

July 05

Typewriter A/c

 

1,500

 

July 14

Sales A/c

 

3,300

 

July 06

Purchases A/c

 

 

1,500

July 20

T. Rana

 

1,300

 

July 10

Drawings A/c

 

150

 

July 25

Cash A/c

C

 

3,500

July 17

D. Seth

 

900

 

July 31

T. Rana

 

1,065

 

July 25

Bank A/c

C

3,500

 

 

 

 

 

 

July 31

Wages A/c

 

480

 

 

 

 

 

 

July 31

Balance c/d

 

3,995

7,500

 

 

 

10,525

9,500

 

 

 

10,525

9,500

 

 

 

 

 

 

 

 

 

 

                       

 

Sales Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 02

R. Mukherjee

 

 

500

July 08

D. Das

 

1,000

 

 

Less: Trade Discount @ 5%

 

(50)

950

July 09

R. Mukherjee

 

 

1,200

July 14

T. Rana

 

 

2,000

July 17

D. Dass

 

 

1,000

July 28

T. Rana

 

 

1,500

July 31

Sales A/c

Cr.

 

 

7,150

 

 

 

 

 

           

 

Purchase Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 01

S. Raj

 

1,000

 

 

Less: Trade Discount @ 10%

 

(100)

900

July 05

D. Seth

 

 

2,000

July 09

M. Dey

 

1,500

 

 

Less: Trade Discount @ 5%

 

(75)

1,425

July 14

D. Seth

 

 

1,200

July 20

M. Dey

 

 

600

July 31

Purchases A/c

Dr.

 

 

6,125

 

 

 

 

 

           

 

Purchase Return Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 04

S. Raj

 

 

300

July 25

M. Dey

 

 

400

July 31

Purchases Return A/c

Cr.

 

 

700

 

 

 

 

 

           

 

Sales Return Book

Date

Particulars

L.F.

Details

(Rs)

Amount

(Rs)

2016

 

 

 

 

July 06

R. Mukherjee

 

 

200

July 09

D. Dass

 

 

300

July 31

Sales Return A/c

Dr.

 

 

500

 

 

 

 

 

           

 

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2016

 

 

 

 

July 04

S. Raj

Dr.

 

25

 

 

To Discount Received A/c

 

 

25

 

(Payment made to S. Raj and discount received)

 

 

 

 

 

 

 

 

July 11

Discount Allowed A/c

Dr.

 

40

 

 

To R. Mukherjee A/c

 

 

40

 

(Cash received from R. Mukherjee and discount allowed)

 

 

 

 

 

 

 

 

July 17

D. Seth

Dr.

 

70

 

 

To Discount Received A/c

 

 

70

 

(Paid to D. Seth and discount received)

 

 

 

 

 

 

 

 

July 20

Discount Allowed

Dr.

 

70

 

 

To T. Rana

 

 

70

 

(Received from T. Rana and discount allowed to him)

 

 

 

 

 

 

 

 

July 31

Bad Debts A/c

Dr.

 

1,065

 

 

To T. Rana

 

 

1,065

 

(T. Rana became insolvent and 50 paise realized from his estates)

 

 

 

 

 

 

 

 

             

 

Capital Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 01

Cash A/c

 

4,000

July 31

Balance c/d

 

10,000

 

Bank A/c

 

6,000

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                 

 

R. Mukherjee

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 02

Sales A/c

 

500

July 06

Sales Return A/c

 

200

July 09

Sales A/c

 

1,200

July 11

Cash A/c

 

860

 

 

 

 

 

Discount Allowed A/c

 

40

 

 

 

 

July 31

Balance c/d

 

600

 

 

 

1,700

 

 

 

1,700

 

 

 

 

 

 

 

 

                 

 

S. Raj

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 04

Purchase Return

 

300

July 01

Purchases

 

900

 

Bank A/c

 

500

 

 

 

 

 

Discount Received A/c

 

25

 

 

 

 

July 31

Balance c/d

 

75

 

 

 

 

 

 

 

900

 

 

 

900

 

 

 

 

 

 

 

 

                 

 

Discount Received A/c

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 04

S. Raj

 

25

July 31

Balance c/d

 

95

July 17

D. Seth

 

70

 

 

 

95

 

 

 

95

 

 

 

 

 

 

 

 

                 

 

D. Seth

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 17

Cash A/c

 

900

July 05

Purchases A/c

 

2,000

 

Discount Received A/c

 

70

July 14

Purchases A/c

 

1,200

July 31

Balance c/d

 

2,230

 

 

 

 

 

 

 

3,200

 

 

 

3,200

 

 

 

 

 

 

 

 

                 

 

Typewriter Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 05

Cash A/c

 

1,500

July 31

Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

                 

 

Purchases Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 06

Bank A/c

 

1,500

July 28

Drawings

 

250

July 31

Sundries from Purchases Book

 

6,125

July 31

Balance c/d

 

7,375

 

 

 

7,625

 

 

 

7,625

 

 

 

 

 

 

 

 

                 

 

D. Dass

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 08

Sales A/c

 

950

July 09

Sales Return

 

300

July 17

D. Dass

 

1,000

July 31

Balance c/d

 

1,650

 

 

 

1,950

 

 

 

1,950

 

 

 

 

 

 

 

 

                 

 

M. Dey

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 25

Purchases Return

 

400

July 09

Purchases A/c

 

1,425

July 31

Balance c/d

 

1,625

July 20

Purchases A/c

 

600

 

 

 

2,025

 

 

 

2,025

 

 

 

 

 

 

 

 

                 

 

Drawing Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 10

Cash A/c

 

150

 

 

 

 

July 28

Purchases A/c

 

250

July 31

Balance c/d

 

400

 

 

 

400

 

 

 

400

 

 

 

 

 

 

 

 

                 

 

Discount Allowed Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 11

R. Mukherjee

 

40

 

 

 

 

July 20

T. Rana

 

70

July 31

Balance c/d

 

110

 

 

 

110

 

 

 

110

 

 

 

 

 

 

 

 

                 

 

T. Rana

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 14

Sales A/c

 

2,000

July 20

Cash

 

1,300

July 28

Sales A/c

 

1,500

 

Discount Allowed

 

70

 

 

 

 

July 31

Cash A/c

 

1,065

 

 

 

 

 

Bad Debts A/c

 

1,065

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

                 

 

Wages Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Cash A/c

 

480

July 31

Balance c/d

 

480

 

 

 

480

 

 

 

480

 

 

 

 

 

 

 

 

                 

 

Bad Debts Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

T. Rana

 

1,065

July 31

Balance c/d

 

1,065

 

 

 

1,065

 

 

 

1,065

 

 

 

 

 

 

 

 

                 

 

Sales Accounts

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

 

 

 

 

July 14

Cash A/c

 

3,300

July 31

Balance c/d

 

10,450

July 31

Sundries of Sales Book

 

7,150

 

 

 

10,450

 

 

 

10,450

 

 

 

 

 

 

 

 

 

Sales Return Accounts

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Sundries of Sales Return Book

 

500

July 31

Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

 

 

Cr.

Date

Particulars

L.F.

Amount

(Rs)

Date

Particulars

L.F.

Amount

(Rs)

2016

 

 

 

2016

 

 

 

July 31

Balance c/d

 

700

July 31

Sundries of Purchase  Return Book

 

700

 

 

 

700

 

 

 

700

 

 

 

 

 

 

 

 

 

Trial Balance

as on July 31, 2016

S. No.

Account Title

Debit

Amount

(Rs)

Credit

Amount

(Rs)

1

Cash

3,995

 

2

Bank

7,500

 

3

Sales

 

10,450

4

Purchases

7,375

 

5

Sales Return

500

 

6

Purchases Return

 

700

7

Capital

 

10,000

8

R. Mukherjee

600

 

9

S. Raj

 

75

10

Discount Received

 

95

11

Discount Allowed

110

 

12

D. Seth

 

2,230

13

Typewriter

1,500

 

14

D. Dass

1,650

 

15

M. Dey

 

1,625

16

Drawings

400

 

17

Wages

480

 

18

Bad Debts

1,065

 

 

 

25,175

25,175

 

 

 

 

Note: Answer of Q.25 is given in the answer of Q.27.

Answer:

All purchase transactions in cash will be recorded in Cash Book.

Page No 11.43:

Question 27:

All purchase transactions in cash will be recorded in Cash Book.

Answer:

Entry for Provision for Doubtful Debts is recorded in Journal Proper

Page No 11.43:

Question 28:

Entry for Provision for Doubtful Debts is recorded in Journal Proper

Answer:

Purchase and sales is recorded at the amount that is net of trade discount as originally, goods are available at list or catalogue price but this is not the actual price of the goods. Therefore, when the goods are actually sold or purchased then we will record the goods at the price which is its actual price after deducting trade discount. 



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