11th | Ts grewal 2021-2022 | Question 6 | ch: 9 Ledger

Double Entry Book Keeping

TS Grewal 2021 for Class 11

Accountancy

Chapter 9 - Ledger

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Page No 9.21:

Question 6:

Suresh commenced business on 1st April, 2020 with a capital of ` 1,20,000 of which ` 60,000 was paid into his Bank Account and balance retained as cash. His other transactions during the month were as follows:
 

2020		`
April 2	Bought office furniture	20,000
April 5	Purchased goods	16,000
April 8	Purchased goods from Ramesh.	11,000
April 12	Sold goods to Sameer.	21,000
April 13	Purchased stationery for cash	1,800
April 13	Paid to Ramesh in cash on account	10,000
	Discount allowed by him	1,000
April 17	Withdrawn cash for office use	4,000
April 18	Sen of Chandigarh sold goods to Suresh	30,000
April 19	Cash received from Sameer	20,000
	Allowed him discount	1,000
April 20	Sold to Raj Banwari	40,000
April 28	Cash sales	1,400
April 30	Paid salary by cheque	8,000
April 30	Paid rent by cheque	5,000
April 30	Paid cash into bank	4,000

Journalise the above transactions and post them to the Ledger.

Answer:

Books of Suresh
Journal
Date	Particulars		L.F.	(`)	(`)
2020
April 01	Bank A/c	Dr.		60,000
	Cash A/c	Dr.		60,000
	To Capital A/c				1,20,000
	(Being business commenced and 50% cash deposited into bank)
April 02	Furniture A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being furniture purchased)
April 05	Purchases A/c			16,000
	To Cash A/c				16,000
April 08	Purchases A/c	Dr.		11,000
	To Ramesh A/c				11,000
	(Being goods purchased on credit)
April 12	Sameer	Dr.		21,000
	To Sales A/c				21,000
	(Being goods sold on credit)
April 13	Stationery A/c	Dr.		1,800
	To Cash A/c				1,800
	(Being Stationery purchased)
April 13	Ramesh	Dr.		11,000
	To Cash A/c				10,000
	To Discount Received A/c				1,000
	(Being cash paid and discount received)
April 17	Cash A/c	Dr.		4,000
	To Bank A/c				4,000
	(Being cash withdrawn from bank for office use)
April 18	Purchases A/c	Dr.		30,000
	To Sen				30,000
	(Being goods purchased on credit)
April 19	Cash A/c	Dr.		20,000
	Discount Allowed A/c	Dr.		1,000
	To Sameer				21,000
	(Being Cash received and discount allowed)
April 20	Raj Banwari	Dr.		40,000
	To Sales A/c				40,000
	(Being good sold)
April 28	Cash A/c	Dr.		1,400
	To Sales A/c				1,400
	(Being goods sold in cash)
April 30	Salary A/c	Dr.		8,000
	To Bank A/c				8,000
	(Being salary paid by cheque)
April 30	Rent A/c	Dr.		5,000
	To Bank A/c				5,000
	(Being rent paid)
April 30	Bank A/c	Dr.		4,000
	To Cash A/c				4,000
	(Being cash deposited into bank account)

 

Ledger Bank Account
Dr.							Cr.
Date		Particulars	Amount (`)	Date	Particulars	Amount (`)
2020				2020
April 01		To Capital A/c	60,000	April 17	By Cash A/c	4,000
April 30		To Cash A/c	4,000	April 30	By Salary A/c	8,000
				April 30	By Rent A/c	5,000
				April 30	By Balance c/d	47,000
			64,000			64,000

 

Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
2020					2020
April 30		To Balance c/d		1,20,000	April 01	By Bank A/c		60,000
					April 01	By Cash A/c		60,000
				1,20,000				1,20,000

 

Cash Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 01		To Capital A/c		60,000	April 02	By Furniture A/c		20,000
April 17		To Bank A/c		4,000	April 05	By Purchases A/c		16,000
April 19		To Sameer		20,000	April 13	By Stationery A/c		1,800
April 28		To Sales A/c		1,400	April 13	By Ramesh		10,000
					April 30	By Bank A/c		4,000
					April 30	By Balance c/d		33,600
				85,400				85,400

 

Furniture Account
Dr.							Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020				2020
April 02	To Cash A/c		20,000	April 30	By Balance c/d		20,000
			20,000				20,000

 

Purchases Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 05		To Cash a/c		16,000
April 08		To Ramesh		11,000	April 30	By Balance c/d		57,000
April 18		To Sen		30,000
				57,000				57,000

 

Sales Account
Dr.								Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 30		To Balance c/d		62,400	April 12	By Sameer		21,000
					April 20	By Raj Banwari		40,000
					April 28	By Cash A/c		1,400
				62,400				62,400

 

Ramesh
Dr.							Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020				2020
April 13	To Cash		10,000	April 08	By Purchases		11,000
April 13	To Discount Received		1,000
			11,000				11,000

 

 

Sameer
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 12		To Sales A/c		21,000	April 19	By Cash A/c		20,000
					April 19	By Discount Allowed A/c		1,000
				21,000				21,000

 

Stationery Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 13		To Cash A/c		1,800	April 30	By Balance c/d		1,800
				1,800				1,800

 

Ramesh
Dr.							Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020				2020
April 13	To Cash A/c		10,000	April 08	By Purchases		11,000
April 13	To Discount Received A/c		1,000
			12,320				12,320

 

Discount Received Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 30		To Balance c/d		1,000	April 13	By Ramesh		1,000
				1,000				1,000

 

Salary Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 30		To Bank A/c		8,000	April 30	By Balance c/d		8,000
				8,000				8,000

 

Rent Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 30		To Bank A/c		5,000	April 30	By Balance c/d		5,000
				5,000				5,000

 

Discount Allowed Account
Dr.									Cr.
Date		Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020					2020
April 19		To Sameer		1,000	April 30	By Balance c/d		1,000
				1,000				1,000

 

Sen
Dr.							Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020				2020
April 30	To Balance c/d		30,000	April 18	By Purchases		30,000
			30,000				30,000

 

Raj Banwari
Dr.							Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
2020				2020
April 20	To Sales A/c		40,000	April 30	By Balance c/d		40,000
			40,000				40,000

 

Trial Balance As on 30th April 2020
S. No.	Particular	J.F.	Debit  (`)	Credit  (`)
1	Cash		37,600
2	Bank		47,000
3	Capital			1,20,000
4	Furniture		20,000
5	Purchase		57,000
6	Sales			62,400
7	Sen			30,000
8	Raj Banwari		40,000
9	Stationery		1,800
10	Salary		8,000
11	Rent		5,000
12	Discount Received			1,000
13	Discount Allowed		1,000
			2,13,400	2,13,400

 

 

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