11th | Ts grewal 2021-2022 | Question 2 | ch: 9 Ledger

Double Entry Book Keeping Ts Grewal 2019 for Class 11 Commerce Accountancy Chapter 6 - Ledger

Double Entry Book Keeping

TS Grewal 2021 for Class 11

Accountancy

Chapter 9 - Ledger

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Page No 9.18:


Question 2:

Madan commenced business on 1st January, 2021 introducing capital in cash ` 1,00,000. His other transactions during the month were as follows:

 

 

 

 

2021

 

`

Jan 1

Started business with cash

1,00,000

Jan 2

Bought goods for cash

20,000

Jan 3

Sold goods for cash

7,000

Jan 15

Sold goods to Shravan

6,000

Jan 18

Bought goods on credit from Anurag

50,000

Jan 19

Goods returned to Anurag

5,000

Jan 20

Sold goods for cash

30,000

Jan 22

Paid electricity bill

1,000

Jan 28

Paid for telephone bill

500

Jan 29

Paid rent

800

Jan 31

Paid wages

3,000

 

 

 

 

 

Enter the above transactions in his books of account.



Answer:

Journal

Date

Particulars

L.F.

Debit

Amount

(`)

Credit

Amount

(`)

2021

 

 

 

 

 

Jan 01

Cash A/c

Dr.

 

1,00,000

 

 

  To Capital A/c

 

 

 

1,00,000

 

(Started business with cash)

 

 

 

 

 

 

 

 

 

 

Jan 02

Purchases A/c

Dr.

 

20,000

 

 

  To Cash A/c

 

 

 

20,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Jan 03

Cash A/c

Dr.

 

7,000

 

 

  To Sales A/c

 

 

 

7,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan 15

Shravan A/c

Dr.

 

6,000

 

 

  To Sales A/c

 

 

 

6,000

 

 

 

 

 

 

 

 

 

 

 

 

Jan 18

Purchases A/c

Dr.

 

50,000

 

 

  To Anurag A/c

 

 

 

50,000

 

(Goods purchased)

 

 

 

 

 

 

 

 

 

 

Jan 19

Anurag A/c

Dr.

 

5,000

 

 

  To Purchases Return A/c

 

 

 

5,000

 

(Goods returned)

 

 

 

 

 

 

 

 

 

 

Jan 20

Cash A/c

Dr.

 

30,000

 

 

  To Sales A/c

 

 

 

30,000

 

(Goods sold)

 

 

 

 

 

 

 

 

 

 

Jan 22

Electricity Expenses A/c

Dr.

 

1,000

 

 

  To Cash A/c

 

 

 

1,000

 

(Paid electricity bill)

 

 

 

 

 

 

 

 

 

 

Jan 28

Telephone Expenses A/c

Dr.

 

500

 

 

  To Cash A/c

 

 

 

500

 

(Paid telephone bill)

 

 

 

 

 

 

 

 

 

 

Jan 29

Rent A/c

Dr.

 

800

 

 

  To Cash A/c

 

 

 

800

 

(Paid rent)

 

 

 

 

 

 

 

 

 

 

Jan 31

Wages A/c

Dr.

 

3,000

 

 

  To Cash A/c

 

 

 

3,000

 

(Paid wages)

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 01

Capital A/c

 

1,00,000

Jan 02

Purchases A/c

 

20,000

Jan 03

Sales A/c

 

7,000

Jan 22

Electricity Expenses A/c

 

1,000

Jan 20

Sales A/c

 

30,000

Jan 28

Telephone Expenses A/c

 

500

 

 

 

 

Jan 29

Rent A/c

 

800

 

 

 

 

Jan 31

Wages A/c

 

3,000

 

 

 

 

Jan 31

Balance c/d

 

1,11,700

 

 

 

1,37,000

 

 

 

1,37,000

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 01

Cash A/c

 

1,00,000

Jan 31

Balance c/d

 

1,00,000

 

 

 

 

 

 

 

 

 

 

 

1,00,000

 

 

 

1,00,000

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 02

Cash A/c

 

20,000

Jan 31

Balance c/d

 

70,000

Jan 18

Anurag A/c

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

70,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 31

Balance c/d

 

43,000

Jan 03

Cash A/c

 

7,000

 

 

 

 

Jan 15

Shravan A/c

 

6,000

 

 

 

 

Jan 20

Cash A/c

 

30,000

 

 

 

43,000

 

 

 

43,000

 

 

 

 

 

 

 

 

 

Shravan Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 15

Sales A/c

 

6,000

Jan 31

Balance c/d

 

6,000

 

 

 

 

 

 

 

 

 

 

 

6,000

 

 

 

6,000

 

 

 

 

 

 

 

 

 

Anurag Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 19

Purchases Return A/c

 

5,000

Jan 18

Purchases A/c

 

50,000

Jan 31

Balance c/d

 

45,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

Purchases Return Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 31

Balance c/d

 

5,000

Jan 19

Anurag A/c

 

5,000

 

 

 

 

 

 

 

 

 

 

 

5,000

 

 

 

5,000

 

 

 

 

 

 

 

 

 

Electricity Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 22

Cash A/c

 

1,000

Jan 31

Balance c/d

 

1,000

 

 

 

 

 

 

 

 

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

 

Telephone Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 28

Cash A/c

 

500

Jan 31

Balance c/d

 

500

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 29

Cash A/c

 

800

Jan 31

Balance c/d

 

800

 

 

 

 

 

 

 

 

 

 

 

800

 

 

 

800

 

 

 

 

 

 

 

 

 

Wages Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(`)

Date

Particulars

J.F.

Amount

(`)

Jan 31

Cash A/c

 

3,000

Jan 31

Balance c/d

 

3,000

 

 

 

 

 

 

 

 

 

 

 

3,000

 

 

 

3,000