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Page No 8.64:

Answer:

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit

Amount

(Rs)

2013

 

 

 

 

June 03

Cash A/c

Dr.

 

5,000

 

 

To Ram

 

 

5,000

 

(Cash received from Ram)

 

 

 

 

 

 

 

 

June 04

Purchases A/c

Dr.

 

1,500

 

 

To Cash A/c

 

 

1,500

 

(Purchased goods for Cash)

 

 

 

 

 

 

 

 

June 11

Hari

Dr.

 

1,200

 

 

To Sales A/c

 

 

1,200

 

 (Sold goods to Hari )

 

 

 

 

 

 

 

 

June 13

Ramavtar

Dr.

 

400

 

 

To Cash

 

 

400

 

 (Paid Ramavtar)

 

 

 

 

 

 

 

 

June 17

Cash A/c

Dr.

 

100

 

 

To Hari

 

 

100

 

 (Received from Hari)

 

 

 

 

 

 

 

 

June 20

Furniture A/c

Dr.

 

200

 

 

To Ram

 

 

200

 

(Bought Furniture from Ram )

 

 

 

 

 

 

 

 

June 27

Rent A/c

Dr.

 

280

 

 

To Cash A/c

 

 

280

 

 (Paid Rent )

 

 

 

 

 

 

 

 

June 30

Salary A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

(Paid Salary)

 

 

 

 

 

 

 

 

 

Page No 8.64:

Answer:

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit Amount

(Rs)

2013

 

 

 

 

Jan.01

Cash A/c

Dr.

 

50,000

 

 

To Capital A/c

 

 

50,000

 

 (Sohan commenced business with cash )

 

 

 

 

 

 

 

 

Jan.02

Purchases A/c

Dr.

 

10,000

 

 

To Cash A/c

 

 

10,000

 

 (Purchased goods for cash )

 

 

 

 

 

 

 

 

Jan.05

Purchases A/c

Dr.

 

6,000

 

 

To Mohan

 

 

6,000

 

(Purchased goods from Mohan )

 

 

 

 

 

 

 

 

Jan.07

Bank A/c

Dr.

 

5,000

 

 

To Cash A/c

 

 

5,000

 

 (Paid into Bank )

 

 

 

 

 

 

 

 

Jan.10

Furniture A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

 (Purchased Furniture )

 

 

 

 

 

 

 

 

Jan.15

Cash A/c

Dr.

 

7,000

 

 

To Sales A/c

 

 

7,000

 

 (Sold goods for Cash)

 

 

 

 

 

 

 

 

Jan.20

Ram

Dr.

 

5,000

 

 

To Sales A/c

 

 

5,000

 

 (Sold goods to Ram)

 

 

 

 

 

 

 

 

Jan.25

Cash A/c

Dr.

 

3,500

 

 

To Sales A/c

 

 

3,500

 

 (Sold goods for Cash)

 

 

 

 

 

 

 

 

Jan.27

Mohan

Dr.

 

3,000

 

 

To Cash A/c

 

 

3,000

 

 (Paid to Mohan on account)

 

 

 

 

 

 

 

 

Jan.28

Wages

Dr.

 

100

 

 

To Cash A/c

 

 

100

 

(Paid Wages)

 

 

 

 

 

 

 

 

Jan.30

Rent A/c

Dr.

 

1,200

 

 

To Cash A/c

 

 

1,200

 

(Paid Rent)

 

 

 

 

 

 

 

 

Jan.31

Salaries A/c

Dr.

 

2,800

 

 

To Cash A/c

 

 

2,800

 

(Paid Salaries)

 

 

 

 

 

 

 

 

Jan.31

Mohan

Dr.

 

600

 

 

To Purchases Return A/c

 

 

600

 

(Returned goods to Mohan)

 

 

 

 

 

 

 

 

 

Page No 8.64:

Answer:

Journal 

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2013

 

 

 

 

Jan.01

Cash A/c

Dr.

 

30,000

 

 

To Capital A/c

 

 

30,000

 

 (Ram Commenced business with Cash)

 

 

 

 

 

 

 

 

Jan.02

Bank A/c

Dr.

 

21,000

 

 

To Cash A/c

 

 

21,000

 

(Paid into Bank )

 

 

 

 

 

 

 

 

Jan.03

Purchases A/c

Dr.

 

1,500

 

 

To Cash A/c

 

 

1,500

 

 (Purchased goods)

 

 

 

 

 

 

 

 

Jan.07

Cash A/c

Dr.

 

3,000

 

 

To Bank A/c

 

 

3,000

 

 (Drew cash from Bank for office use )

 

 

 

 

 

 

 

 

Jan.10

Hari

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to Hari)

 

 

 

 

 

 

 

 

Jan.15

Purchases A/c

Dr.

 

1,500

 

 

To Shyam

 

 

1,500

 

(Purchased goods from Shyam)

 

 

 

 

 

 

 

 

Jan.20

Cash A/c

Dr.

 

3,000

 

 

To Sales A/c

 

 

3,000

 

(Cash Sales)

 

 

 

 

 

 

 

 

Jan.25

Shyam

Dr.

 

1,500

 

 

To Cash A/c

 

 

1,475

 

To Discount Received A/c

 

 

25

 

 (Paid to Shyam and received discount from him)

 

 

 

 

 

 

 

 

Jan.30

Rent A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

 (Paid Rent )

 

 

 

 

 

 

 

 

Jan.31

Salaries A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Paid Salaries)

 

 

 

 

 

 

 

 

Jan.31

Drawings A/c

Dr.

 

200

 

 

To Purchases A/c

 

 

200

 

(Goods drawn by proprietor for personal use)

 

 

 

 

 

 

 

 

 



Page No 8.65:

Answer:

Books of Ramesh

Journal

Date

Particulars

L.F

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2013

 

 

 

 

April 01

Cash A/c

Dr.

 

10,000

 

 

To Capital A/c

 

 

10,000

 

(Ramesh started business with Cash )

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

7,000

 

 

To Cash A/c

 

 

7,000

 

(Cash paid into Bank)

 

 

 

 

 

 

 

 

April 03

Purchases A/c

Dr.

 

500

 

 

To Cash A/c

 

 

500

 

(Purchased goods for Cash )

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

100

 

 

To Bank A/c

 

 

100

 

(Drew Cash from Bank for office use)

 

 

 

 

 

 

 

 

April 13

Krishna

Dr.

 

150

 

 

To Sales A/c

 

 

150

 

(Sold goods to Krishna on credit)

 

 

 

 

 

 

 

 

April 20

Purchases A/c

Dr.

 

225

 

 

To Shyam A/c

 

 

225

 

(Bought goods from Shyam on credit)

 

 

 

 

 

 

 

 

April 24

Cash A/c

Dr.

 

145

 

 

Discount Allowed A/c

Dr.

 

5

 

 

To Krishna

 

 

150

 

(received can from Krishna and discount allow)

 

 

 

 

 

 

 

 

April 28

Shyam

Dr.

 

225

 

 

To Cash

 

 

215

 

To Discount Received

 

 

10

 

(Paid to Shyam and discount Received)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

800

 

 

To Sales A/c

 

 

800

 

(Sold goods for cash)

 

 

 

 

 

 

 

 

April 30

Rent A/c

Dr.

 

50

 

 

Salary A/c

Dr.

 

100

 

 

To Cash A/c

 

 

150

 

(Rent and salary were paid)

 

 

 

 

Page No 8.65:

Answer:

Banks of Rahul

Journal

Date

Particulars

L.F

Debit Amount (Rs)

Credit Amount

(Rs)

2013

 

 

 

 

Jan.01

Cash A/c

Dr.

 

10,000

 

 

To Capital A/c

 

 

10,000

 

 (Rahul started business with Cash )

 

 

 

 

 

 

 

 

Jan.02

Bank A/c

Dr.

 

6,000

 

 

To Cash A/c

 

 

6,000

 

(Paid into Bank)

 

 

 

 

 

 

 

 

Jan.03

Purchases A/c

Dr.

 

2,000

 

 

To M/s. S. Singh of Co

 

 

2,000

 

(Purchased goods from M/s S. Singh & Co)

 

 

 

 

 

 

 

 

Jan.04

Furniture A/c

Dr.

 

200

 

 

Adding Machine A/c

Dr.

 

800

 

 

Typewriter A/c

Dr.

 

600

 

 

To Bank A/c

 

 

1,600

 

(Purchase Furniture, Adding Machine and Typewriter through cheque)

 

 

 

 

 

 

 

 

Jan.06

Postage A/c

Dr.

 

15

 

 

To Cash

 

 

15

 

(Paid for postage)

 

 

 

 

 

 

 

 

Jan.08

Cash A/c

Dr.

 

400

 

 

To Sales A/c

 

 

400

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

Jan.09

M/s S. Sharda & Co.

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Sold goods to M/s. S. Sharda & Co)

 

 

 

 

 

 

 

 

Jan.15

M/s S. Singh & Co.

Dr.

 

2,000

 

 

To Cash A/c

 

 

1,950

 

To Discount Received

 

 

50

 

(Paid to M/s. S. Singh & Co and discount received)

 

 

 

 

 

 

 

 

Jan.25

M/s. Ray & Co.

Dr.

 

560

 

 

To Sales A/c

 

 

560

 

(Sold goods to M/s. Ray & Co)

 

 

 

 

 

 

 

 

Jan.27

Bank A/c

Dr.

 

975

 

 

Discount Allowed A/c

Dr.

 

25

 

 

To M/s. S. Sharda & Co

 

 

1,000

 

(Cash received from M/s. Sharda & Co. and discount allowed )

 

 

 

 

 

 

 

 

Jan.31

Electricity Charges A/c

Dr.

 

10

 

 

Salary A/c

Dr.

 

150

 

 

To Cash A/c

 

 

160

 

(Paid electricity charges and salary)

 

 

 

 

 

 

 

 

Jan.31

Rent A/c

Dr.

 

250

 

 

Drawings A/c

Dr.

 

250

 

 

To Bank A/c

 

 

500

 

(Paid rent half of which related to personal use)

 

 

 

 

 

 

 

 

 

Drawings A/c

Dr.

 

350

 

 

To Cash A/c

 

 

350

 

(Drew for private use)

 

 

 

 

 

 

 

 

 

Page No 8.65:

Answer:

Books of R. Singh & Co

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit Amount

(Rs)

2013

 

 

 

 

July 01

Cash  A/c

Dr.

 

8,000

 

 

To Capital A/c

 

 

8,000

 

(Started business with cash)

 

 

 

 

 

 

 

 

July 01

Bank A/c

Dr.

 

5,000

 

 

To Cash A/c

 

 

5,000

 

(Cash paid into bank )

 

 

 

 

 

 

 

 

July 01

Stationery A/c

Dr.

 

30

 

 

To Cash A/c

 

 

30

 

(Purchased stationery for Cash)

 

 

 

 

 

 

 

 

July 02

Purchases A/c

Dr.

 

2,100

 

 

To Cash A/c

 

 

2,100

 

(Bought goods for Cash)

 

 

 

 

 

 

 

 

July 03

Postage Stamps A/c 

Dr.

 

10

 

 

To Cash A/c

 

 

10

 

(Bought postage Stamps)

 

 

 

 

 

 

 

 

July 05

Cash A/c

Dr.

 

750

 

 

To Sales A/c

 

 

750

 

(Sold Goods for Cash)

 

 

 

 

 

 

 

 

July 06

Furniture A/c

Dr.

 

500

 

 

To Bannerjee Bros.

 

 

500

 

(Bought office furniture from Bannerjee Bros.)

 

 

 

 

 

 

 

 

July 11

Mahendra

Dr.

 

1,000

 

 

To Sales A/c

 

 

1,000

 

(Good Sold to Mahendra)

 

 

 

 

 

 

 

 

July 12

Bank A/c

Dr.

 

1,000

 

 

To Mahendra

 

 

1,000

 

(Received cheque from Mahendra)

 

 

 

 

 

 

 

 

July 14

Bannerjee Bros.

Dr.

 

500

 

 

To Bank A/c

 

 

500

 

(Paid to Bannerjee Bros by cheque)

 

 

 

 

 

 

 

 

July 16

Ramesh & Co

Dr.

 

500

 

 

To Sales A/c

 

 

500

 

(Sold goods to Ramesh & co)

 

 

 

 

 

 

 

 

July 20

Purchases A/c

Dr.

 

700

 

 

To S. Seth & Bros.

 

 

700

 

(Bought goods from S. Seth & Bros)

 

 

 

 

 

 

 

 

July 23

Purchases A/c

Dr.

 

225

 

 

To Cash A/c

 

 

225

 

(Purchases of goods in cash from S. Narain & Co.)

 

 

 

 

 

 

 

 

July 24

P. Prakash

Dr.

 

350

 

 

To Sales A/c

 

 

350

 

( Sold goods to P. Parkash)

 

 

 

 

 

 

 

 

July 26

Cash A/c

Dr.

 

250

 

 

To Ramesh & Co

 

 

250

 

(Cash received from Ramesh & Co)

 

 

 

 

 

 

 

 

July 28

S. Seth & Bros

Dr.

 

700

 

 

To Bank A/c

 

 

685

 

To Discount Received A/c

 

 

15

 

(Paid to S. Seth & Bros. and discount received)

 

 

 

 

 

 

 

 

July 31

Salaries A/c

Dr.

 

250

 

 

To Cash A/c

 

 

250

 

(Paid Salaries)

 

 

 

 

 

 

 

 

July 31

Rent A/c

Dr.

 

100

 

 

To Rent Outstanding A/c

 

 

100

 

(Rent due to S. Sharma)

 

 

 

 

 

 

 

 

 



Page No 8.66:

Answer:

Books of D. Chadha

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit Amount

(Rs)

2013

 

 

 

 

Jan.01

Cash A/c

Dr.

 

25,000

 

 

To Capital A/c

 

 

25,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

Jan.02

Bank A/c

Dr.

 

23,500

 

 

To Cash A/c

 

 

23,500

 

(Paid in to Bank)

 

 

 

 

 

 

 

 

Jan.03

Purchases A/c

Dr.

 

5,400

 

 

To Ramesh & Co

 

 

5,400

 

(Bought goods from Ramesh & Co)

 

 

 

 

 

 

 

 

Jan.03

Rajesh

Dr.

 

4,800

 

 

To Sales A/c

 

 

4,800

 

(Sold goods to Rajesh)

 

 

 

 

 

 

 

 

Jan.07

Purchases A/c

Dr.

 

6,450

 

 

To Ram Chand

 

 

6,450

 

(Bought goods from Ram Chand )

 

 

 

 

 

 

 

 

Jan.08

Wages A/c

Dr.

 

80

 

 

To Cash A/c

 

 

80

 

(Paid Wages)

 

 

 

 

 

 

 

 

Jan.08

Mahesh Chand

Dr.

 

5,350

 

 

To Sales A/c

 

 

5,350

 

(Sold goods to Mahesh Chand)

 

 

 

 

 

 

 

 

Jan.10

Cash A/c

Dr.

 

4,680

 

 

Discount Allowed A/c

Dr.

 

120

 

 

To Rajesh

 

 

4,800

 

(Received cheque from Rajesh and discount allowed)

 

 

 

 

 

 

 

 

Jan.10

Bank A/c

Dr.

 

4,680

 

 

To Cash

 

 

4,680

 

( Paid into Bank)

 

 

 

 

 

 

 

 

Jan.11

Ramesh & Co

Dr.

 

5,400

 

 

To Cash A/c

 

 

5,130

 

To Discount Received

 

 

270

 

(Paid to Ramesh & Co and Discount Received)

 

 

 

 

 

 

 

 

Jan.12

Prepaid Rent A/c

Dr.

 

400

 

 

To Cash A/c

 

 

400

 

(Paid rent in advance upto March)

 

 

 

 

 

 

 

 

Jan.13

Purchases A/c

Dr.

 

7,400

 

 

To C.Khare

 

 

7,400

 

(Purchases from C Khare)

 

 

 

         

Jan.15

Wages A/c

Dr.

 

80

 

 

Expenses A/c

Dr.

 

70

 

 

To Cash A/c

 

 

150

 

(Paid wages and office expenses in cash)

 

 

 

 

 

 

 

 

Jan.16

 Jagdish A/c

Dr.

 

3,200

 

 

To Sales A/c

 

 

3,200

 

(Sold goods to Jagdish)

 

 

 

 

 

 

 

 

Jan.17

Rajesh

Dr.

 

1,600

 

 

To Sales A/c

 

 

1,600

 

(Sold goods to Rajesh)

 

 

 

 

 

 

 

 

Jan.21

 Mahesh Chand

Dr.

 

2,500

 

 

To Sales A/c

 

 

2,500

 

(Sold goods to Mahesh Chand)

 

 

 

 

 

 

 

 

Jan.21

Bank A/c

Dr.

 

3,200

 

 

To Jagdish

 

 

3,200

 

(Cheque received from Jagdish)

 

 

 

 

 

 

 

 

Jan.22

Wages A/c

Dr.

 

80

 

 

Expenses A/c

Dr.

 

50

 

 

To Cash A/c

 

 

130

 

(Paid wages and office expenses)

 

 

 

 

 

 

 

 

Jan.22

Ram Chand

Dr.

 

6,450

 

 

To Bank A/c

 

 

6,130

 

To Discount Received A/c

 

 

320

 

(Paid to Ram Chand and discount received)

 

 

 

 

 

 

 

 

Jan.25

Bank A/c

Dr.

 

5,200

 

 

Discount Allowed A/c

Dr.

 

150

 

 

To Mahesh Chand

 

 

5,350

 

(Received Cheque from Mahesh Chand and discount allowed)

 

 

 

 

 

 

 

 

Jan.27

Sales Return A/c

Dr.

 

200

 

 

To Mahesh Chand

 

 

200

 

(Goods returned by Mahesh Chand)

 

 

 

 

 

 

 

 

Jan.29

Wages A/c

Dr.

 

80

 

 

To Cash A/c

 

 

80

 

(Paid wages in Cash)

 

 

 

 

 

 

 

 

Jan.31

Expenses A/c

Dr.

 

40

 

 

Salaries A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,040

 

(Paid office expenses and salaries in cash)

 

 

 

 

 

 

 

 

Jan.31

Cash A/c

Dr.

 

2,000

 

 

To Bill Receivable.

 

 

2,000

 

(Received for Bill Receivable)

 

 

 

 

 

 

 

 

 

Bank A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

 (Paid into Bank)

 

 

 

 

Page No 8.66:

Answer:

Books of Suresh

Journal

Date

Particulars

L.F.

Debit Amount

(Rs)

Credit Amount

(Rs)

2013

 

 

 

 

April 01

Bank A/c

Dr.

 

6,000

 

 

To Capital A/c

 

 

6,000

 

(Paid into Bank as Capital)

 

 

 

 

 

 

 

 

April 02

Purchases A/c

Dr.

 

2,400

 

 

To Bank A/c

 

 

2,400

 

(Bought goods for cheque)

 

 

 

 

 

 

 

 

April 03

Mukand & Co.

Dr.

 

670

 

 

To Sales A/c

 

 

670

 

(Sold Goods to Mukand & Co.)

 

 

 

 

 

 

 

 

April 04

Cash A/c

Dr.

 

1,090

 

 

To Sales A/c

 

 

1,090

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

April 05

Sundry Expenses A/c

Dr.

 

300

 

 

To Cash A/c

 

 

300

 

(Paid Sundry Expenses)

 

 

 

 

 

 

 

 

April 06

Bank A/c

Dr.

 

1,500

 

 

To Cash A/c

 

 

1,500

 

(Send Cash to Bank)

 

 

 

 

 

 

 

 

April 07

Bank A/c

Dr.

 

650

 

 

Discount Allowed A/c

Dr.

 

20

 

 

To Mukand & Co.

 

 

670

 

(Received Cheque From Mukand & Co and discount allowed)

 

 

 

 

 

 

 

 

April 08

Wages A/c

Dr.

 

100

 

 

To Cash

 

 

100

 

(Paid wages in Cash)

 

 

 

 

 

 

 

 

April 08

Furniture A/c

Dr.

 

400

 

 

To Bank A/c

 

 

400

 

(Bought Office furniture by cheque)

 

 

 

 

 

 

 

 

April 09

Purchases A/c

Dr.

 

1,060

 

 

To Ramesh and Bros.

 

 

1,060

 

(Bought goods from Ramesh and Bros.)

 

 

 

 

 

 

 

 

April 10

Mahendra A/c

Dr.

 

1,870

 

 

To Sales A/c

 

 

1,870

 

(Sold goods to Mahendra)

 

 

 

 

 

 

 

 

April 11

Ramesh and Bros.

Dr.

 

150

 

 

To Purchase Return A/c

 

 

150

 

(Good returned to Ramesh and Bros.)

 

 

 

 

 

 

 

 

April 12

Ramesh Bros. A/c

Dr.

 

910

 

 

To Bank A/c

 

 

900

 

To Discount Received A/c

 

 

10

 

(Cheque sent to Ramesh and Bros. and discount received)

 

 

 

 

 

 

 

 

April 14

Cash A/c

Dr.

 

490

 

 

To Sales A/c

 

 

490

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

April 14

Bank A/c

Dr.

 

400

 

 

To Cash

 

 

400

 

(Paid into Bank)

 

 

 

 

 

 

 

 

April 15

Drawings A/c

Dr.

 

50

 

 

To Cash A/c

 

 

50

 

(Drew Cash for personal use)

 

 

 

 

 

 

 

 

April 30

Interest A/c

Dr.

 

20

 

 

To Bank A/c

 

 

20

 

(Bank charged Interest)

 

 

 

 

 

 

 

 

April 30

Stationery A/c

Dr.

 

30

 

 

To Cash A/c

 

 

30

 

(Cash paid for Stationery)

 

 

 

 

 

 

 

 

April 30

Purchases A/c

Dr.

 

1,000

 

 

To Mohan & Co. Ltd.

 

 

1,000

 

(Bought goods from Mohan & Co. Ltd.)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

600

 

 

To Mahendra

 

 

600

 

(Cash received from Mahendra)

 

 

 

         

April 30

Cash A/c

Dr.

 

2,000

 

 

To Capital A/c

 

 

2,000

 

(Sold household furniture and transferred money into business)

 

 

 

 

 

 

 

 

April 30

Cash A/c

Dr.

 

4,800

 

 

To Sales A/c

 

 

4,800

 

(Sold goods for Cash)

 

 

 

 

 

 

 

 

 



Page No 8.67:

Answer:

Journal

Date

Particulars

L.F

Debit Amount

(Rs)

Credit Amount

(Rs)

2013

 

 

 

 

Jan.01

Cash A/c

Dr.

 

4,00,000

 

 

To Capital A/c

 

 

4,00,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

Jan.02

Bank A/c

Dr.

 

3,50,000

 

 

To Cash A/c

 

 

3,50,000

 

(Deposited cash into bank )

 

 

 

 

 

 

 

 

Jan.10

Machinery A/c

Dr.

 

1,00,000

 

 

To Bank A/c

 

 

1,00,000

 

(Bought machinery)

 

 

 

 

 

 

 

 

Jan.15

Machinery A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

(Paid installation charges )

 

 

 

 

 

 

 

 

Jan.20

Purchase A/c

Dr.

 

18,000

 

 

To Singh & Co.

 

 

18,000

 

(Purchased timber)

 

 

 

 

 

 

 

 

Jan.25

Furniture A/c

Dr.

 

5,000

 

 

To Purchases A/s

 

 

5,000

 

(Timber used for office furniture)

 

 

 

 

 

 

 

 

Jan.31

Rakesh A/c

Dr.

 

9,000

 

 

To Sales A/c

 

 

9,000

 

(Sold goods to Rakesh)

 

 

 

 

 

 

 

 

Feb.10

Singh & Co.

Dr.

 

18,000

 

 

To Bank A/c

 

 

17,500

 

To Discount Received A/c

 

 

500

 

(Sent cheque to Singh & Co. and discount received)

 

 

 

 

 

 

 

 

Feb.15

Cash A/c

Dr.

 

8,750

 

 

Discount Allowed A/c

Dr.

 

250

 

 

To Rakesh

 

 

9,000

 

(Received Cash from Rakesh and discount allowed)

 

 

 

 

 

 

 

 

Feb.20

Wages A/c

Dr.

 

15,000

 

 

To Cash A/c                                    

 

 

15,000

 

(Paid wages)

 

 

 

 

 

 

 

 

Feb.25

Rent A/c

Dr.

 

5,000

 

 

To Bank A/c

 

 

5,000

 

(Paid rent)

 

 

 

 

 

 

 

 

 

Page No 8.67:

Answer:

Journal

Date

Particulars

L.F

Debit Amount

(Rs)

Credit Amount

(Rs)

(i)

Machinery A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

2,000

 

(Paid wages for installation of machinery)

 

 

 

 

 

 

 

 

(ii)

Cash A/c

Dr.

 

3,420

 

 

Discount Allowed A/c

Dr.

 

180

 

 

To Sales A/c

 

 

3,600

 

(Sold goods and discount allowed)

 

 

 

 

 

 

 

 

(iii)

Cash A/c

Dr.

 

10,000

 

 

To Advance from Shyam

 

 

10,000

 

(Received advance against for supply of goods)

 

 

 

 

 

 

 

 

(iv)

Cash A/c

Dr.

 

5,000

 

 

To Commission A/c

 

 

2,500

 

To Commission in Advance A/c

 

 

2,500

 

(Received commission half of which is advance)

 

 

 

 

 

 

 

 

(v)

Cash A/c

Dr.

 

1,250

 

 

Bad Debts A/c

Dr.

 

3,750

 

 

To Rajani Kant

 

 

5,000

 

(Received 25 paisa in a rupees from Rajani Kant for settlement of his account)

 

 

 

 

 

 

 

 

(vi)

Loss by Theft A/c

Dr.

 

1,000

 

 

To Cash A/c

 

 

1,000

 

(Cash embezzled by employee)

 

 

 

 

Page No 8.67:

Answer:

Journal

Date

Particulars

L.F

Debit Amount

(Rs)

Credit Amount

(Rs)

(i)

Cash A/c

Dr.

 

2,00,000

 

 

To Capital A/c

 

 

2,00,000

 

(Isha invested Cash in business)

 

 

 

 

 

 

 

 

(ii)

Bank A/c

Dr.

 

1,20,000

 

 

To Cash A/c

 

 

1,20,000

 

(Opened a Current account by depositing Cash)

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

60,000

 

 

Carriage A/c

Dr.

 

2,000

 

 

To Cash A/c

 

 

62,000

 

(Bought goods and paid carriage)

 

 

 

 

 

 

 

 

(iv)

Purchase A/c

Dr.

 

1,00,000

 

 

To Rashmi

 

 

1,00,000

 

(Purchased goods from Rashmi)

 

 

 

 

 

 

 

 

 

Page No 8.67:

Answer:

Books of Akash

Journal

Date

Particulars

L.F.

Debit

Amount

 (Rs)

Credit

Amount

(Rs)

(i)

Charity A/c

Dr.

 

5,000

 

 

To Purchase A/c

 

 

5,000

 

(Goods given as Charity)

 

 

 

 

 

 

 

 

(ii)

Salary A/c

Dr.

 

2,000

 

 

To Salary Outstanding A/c

 

 

2,000

 

(For the month is outstanding)

 

 

 

 

 

 

 

 

(iii)

Cash A/c

Dr.

 

40,500

 

  Discount Allowed A/c Dr.   4,500  

 

To Sales A/c

 

 

45,000

 

(Sold goods List Price Rs. 50,000 at 10% trade discount and 10% cash discount)

 

 

 

 

 

 

 

 

 

Page No 8.67:

Answer:

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Nature

of

Account

Rule

(i)

Cash A/c

Dr.

 

50,00,000

 

Real

Cash is coming in

 

To Capital A/c

 

 

50,00,000

Personal

Giver of the Cash

 

(Started business with cash)

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases A/c

Dr.

 

4,00,000

 

Nominal

Purchases is an expense

 

Furniture A/c

Dr.

 

5,00,000

 

Real

Furniture is coming in 

 

To Cash A/c

 

 

9,00,000

Real

Cash is going out

 

(Bought Goods and Furniture)

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Building A/c

Dr.

 

10,00,000

 

Real

Building is coming in

 

To Cash A/c

 

 

10,00,000

Real

Cash is going out

 

(Bought Building)

 

 

 

 

 

 

 

 

 

 

 

 

(iii)

Purchases A/c

Dr.

 

3,00,000