11th | Ts grewal 2021-2022 | Question 8 | ch: 9 Ledger

Double Entry Book Keeping

TS Grewal 2021 for Class 11

Accountancy

Chapter 9 - Ledger

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Page No 9.22:

Question 8:

On 1st April, 2021, the following were Ledger balances of M/s. Ram & Co., Delhi:
Cash in Hand ` 300; Cash at Bank ` 7,000; Bills Payable ` 1,000; Zahir (Dr.) ` 800; Stock ` 4,000; Gobind (Cr.) ` 2,000; Sharma (Dr.) ` 1,500; Rahul (Cr.) ` 900; Capital ` 9,700.

Transactions during the month of April, 2020 were:

2021				`
April 2	Bought goods from Gobind, Delhi			900
April 3	Sold goods to Sharma, Kanpur			1,000
April 5	Bought goods from Rahul, Delhi			1,200
April 8	Sold goods to Zahir, Kolkata			500
April 15	Paid Gobind by cheque on account			1,500
April 18	Received from Sharma a cheque of			2,000
	Allowed him discount			50
April 20	Sold goods to Sharma, Kanpur			800
April 20	Paid rent by cheque			200
April 25	Sold goods to Zahir, Kolkata			1,000
April 30	Paid salaries in cash			300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2021.

Answer:

Cash in Hand Account
Dr.								Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.		Amount (`)
Apr 01		Balance b/d		300	Apr 30	Salaries			300
				300					300

 

Cash at Bank Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 01		Balance b/d		7,000	Apr 15	Gobind A/c		1,500
Apr 18		Sharma A/c		2,000	Apr 20	Rent A/c		200
					Apr 30	Balance c/d		7,300
				9,000				9,000

 

Bills Payable Account
Dr.								Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.		Amount (`)
Apr 30		Balance c/d		1,000	Apr 01	Balance b/d			1,000
				1,000					1,000

 

Zahir Account
Dr.								Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 01		Balance b/d		800	Apr 30	Balance c/d		2,300
Apr 08		Sales A/c		500
Apr 25		Sales A/c		1,000
				2,300				2,300

 

Stock Account
Dr.								Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.		Amount (`)
Apr 01		Balance b/d		4,000	Apr 30	Balance c/d			4,000
				4,000					4,000

 

Gobind Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 15		Bank A/c		1,500	Apr 01	Balance b/d		2,000
Apr 30		Balance c/d		1,400	Apr 02	Purchases A/c		900
				2,900				2,900

 

Sharma Account
Dr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 01		Balance b/d		1,500	Apr 18	Bank A/c		2,000
Apr 03		Sales A/c		1,000	Apr 18	Discount Allowed A/c		50
Apr 20		Sales A/c		800	Apr 30	Balance c/d		1,250
				3,300				3,300

 

Rahul Account
Dr.								Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
		Balance c/d		2,100	Apr 01	Balance b/d		900
					Apr 05	Purchases A/c		1,200
				2,100				2,100

 

Capital Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 30		Balance c/d		9,700	Apr 01	Balance b/d		9,700
				9,700				9,700

 

Purchases Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 02		Gobind A/c		900	Apr 30	Balance c/d		2,100
Apr 05		Rahul A/c		1,200
				2,100				2,100

 

 

Sales Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 30		Balance c/d		3,300	Apr 03	Sharma A/c		1,000
					Apr 08	Zahir A/c		500
					Apr 20	Sharma A/c		800
					Apr 25	Zahir A/c		1,000
				3,300				3,300

 

 

Discount Allowed Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 18		Sharma A/c		50	Apr 30	Balance c/d		50
				50				50

 

Rent Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 20		Bank A/c		200	Apr 30	Balance c/d		200
				200				200

 

Salary Account
Dr.									Cr.
Date		Particulars	J.F.	Amount (`)	Date	Particulars	J.F.	Amount (`)
Apr 30		Cash A/c		300	Apr 30	Balance c/d		300
				300				300

 

Trial Balance as on Apr 30, 2021
S.No.	List of Items	Debit Balances (`)	Credit Balances (`)
1	Bank Account	7,300	-
2	Bills payable	-	1,000
3	Zahir Account	2,300	-
4	Stock Account	4,000	-
5	Gobind Account	-	1,400
6	Sharma Account	1,250	-
7	Rahul Account	-	2,100
8	Capital Account	-	9,700
9	Purchases Account	2,100	-
12	Sales Account	-	3,300
14	Discount Allowed Account	50	-
15	Rent Account	200	-
16	Salary Account	300	-
	Total	17,500	17,500

 

 

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