11th | Ts grewal 2021-2022 | Question 3 | ch: 9 Ledger

Double Entry Book Keeping

TS Grewal 2021 for Class 11

Accountancy

Chapter 9 - Ledger

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Page No 9.19:

Question 3:

Journalise the following transactions in the Journal of Rakesh, Delhi and post them to the Ledger:

2021		`
March 1	Started business with cash	2,00,000
March 2	Opened bank account with SBI	80,000
March 4	Goods purchased from Raj, Jaipur (Rajasthan)	22,000
March 5	Goods purchased for cash	30,000
March 8	Goods sold to Naman, Delhi	12,000
March 10	Cash paid to Raj	22,000
March 15	Cash received from Naman	11,700
	Discount allowed	300
March 16	Paid wages	200
March 18	Furniture purchased for office use	5,000
March 20	Withdrawn from bank for personal use	4,000
March 23	Goods taken for household purpose. These goods were purchased from Raj	2,000
March 24	Drawn cash from bank for office use	6,000
March 26	Commission received	1,000
March 27	Bank charges	300
March 28	Cheque issued for life insurance premium of Proprietor	3,000
March 29	Paid salary	10,000
March 30	Cash sales	20,000

Answer:

Books of M/s Gupta Brothers
Journal
Date	Particulars		L.F.	Debit Amount (`)	Credit Amount (`)
2021
Mar.01	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	( Being Started business with Cash)
Mar.02	Bank A/c	Dr.		80,000
	To Cash A/c				80,000
	(Being Opened Bank account with SBI)
Mar.04	Purchases A/c   To Raj A/c	Dr.		24,000	24,000
	(Being Purchased goods on credit)
Mar.05	Purchases A/c   To Cash A/c (Being Purchased goods in cash)	Dr.		30,000	30,000
Mar.08	Naman A/c	Dr.		12,000
	To Sales A/c (Being Sold good to on credit)				12,000
Mar.10	Raj	Dr.		22,000
	To Cash A/c				22,000
	(Being Cash Paid to Raj)
Mar.15	Cash A/c	Dr.		11,700
	Discount Allowed A/c	Dr.		300
	To Naman				12,000
	(Being Cash received from Naman and discount allowed)
Mar.16	Wages A/c	Dr.		200
	To Cash				200
	(Being Paid Wages)
Mar.18	Furniture A/c   To Cash (Being Purchased furniture in cash)	Dr.		5,000	5,000
Mar.20	Drawings A/c	Dr.		4,000
	To Bank A/c				4,000
	(Being Withdrawn from bank for personal use)
Mar.23	Drawings A/c	Dr.		2,000
	To Purchases A/c (Being Goods taken for personal use)				2,000
Mar.24	Cash A/c	Dr.		6,000
	To Bank				6,000
	(Being Cash withdrawn from bank)
Mar.26	Cash A/c   To Commission A/c	Dr.		1,000	1,000
	(Being Cash received for commission)
Mar.27	Bank Charges A/c   To Bank A/c (Being Bank Charges debited)	Dr.		300	300
Mar.28	Drawings A/c	Dr.		3,000
	To Bank				3,000
	(Being Amount withdrawn to pay Insurance Premium of proprietor)
Mar.29	Salary A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Paid Salary)
Mar.30	Cash A/c	Dr.		20,000
	To Sales A/c (Being Sold goods for Cash)				20,000

 

Ledger
Cash Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
2021					2021
Mar.01		Capital		2,00,000	Mar.02	Bank		80,000
Mar.15 Mar.24 Mar.26 Mar.30		Naman Bank Commission Sales		11,700 6,000 1,000 20,000	Mar.05 Mar.10 Mar.16 Mar.18 Mar.29 Mar.31	Purchases Raj Wages Furniture Salary Balance c/d		30,000 22,000 200 5,000 10,000 91,500
				2,38,700				2,38,700

 

Bank Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
2021					2021
Mar.02		Cash		80,000	Mar.20	Drawings		4,000
					Mar.24	Cash		6,000
					Mar.27 Mar.28	Bank Charges Drawings		300 3,000
					Mar.31	Balance C/d		65,700
				80,000				80,000

 

Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
2021					2021
Mar.31		Balance c/d		2,00,000	Mar.01	Cash		2,00,000
				2,00,000				2,00,000

 

Purchases Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.04		Raj		22,000	Mar.23	Drawings		2,000
Mar.05		Cash		30,000	Mar.31	Balance c/d		50,000
				52,000				52,000

 

Raj Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.10		Cash		22,000	Mar.04	Purchase		22,000
				22,000				22,000

 

Sales Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
					Mar.08	Naman		12,000
Mar.31		Balance c/d		32,000	Mar.30	Cash		20,000
				32,000				32,000

 

 

Naman
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.08		Sales		12,000	Mar.15 Mar.15	Cash Discount Allowed		11,700 300
				12,000				12,000

 

Discount Allowed Account
Dr.									Cr.
Date	Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020				2020
Mar.15	Naman		300	Mar.31	Balance c/d		300
			300				300

 

Wages Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.16		Cash		200	Mar.31	Balance c/d		200
				200				200

 

 

Furniture Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.18		Cash		5,000	Mar.31	Balance c/d		5,000
				5,000				5,000

 

Drawings Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.20		Bank		4,000
Mar.23 Mar.28		Purchases A/c Bank		2,000 3,000	Mar.31	Balance c/d		9,000
				9,000				9,000

 

 

Commission Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.31		Balance c/d		1,000	Mar.26	Cash		1,000
				1,000				1,000

 

 

Bank Charges Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.22		Bank A/c		300	Mar.31	Balance c/d		300
				300				300

 

Salary Account
Dr.									Cr.
Date		Particulars	L.F.	Amount (`)	Date	Particulars	L.F.	Amount (`)
2020					2020
Mar.29		Cash		10,000	Mar.31	Balance c/d		10,000
				10,000				10,000

 

 

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