11th | Ledger | Question No. 5 | Ts Grewal Solution 2022-2023

2022

`

April 1

Assets: Cash in Hand ` 20,000; Cash at Bank ` 35,000; Stock ` 15,000; Furniture ` 4,500;

   Debtors: Poonam ` 20,000; Sonu ` 10,000

Liabilities Creditors: Ashok ` 13,500; Pankaj ` 21,500

April 4

Purchased goods from Pankaj.

5,000

April 7

Paid to Ashok by cheque in full settlement of his account.

13,000

April 10

Sold goods to Poonam.

11,000

April 12

Purchased goods from Ashok.

15,000

April 15

Sold goods to Sonu.

6,000

April 18

Received cheque from Poonam on account

24,500

Allowed her discount

500

April 25

Paid for stationery

1,200

April 27

Paid telephone bill by cheque

3,500

April 30

Paid salaries

6,000

Journal

Date

Particulars

L.F.

Debit

 (`)

Credit

 (`)

2022

Apr.01

Cash A/c

Dr.

20,000

Bank A/c

Dr.

35,000

Stock A/c

Dr.

15,000

Furniture A/c

Dr.

4,500

Poonam

Dr.

20,000

Sonu

Dr.

10,000

    To Ashok

13,500

    To Pankaj

21,500

    To Capital A/c

69,500

(Being Opening entry made)

Apr.04

Purchases A/c

Dr.

5,000

    To Pankaj

5,000

(Being Goods purchased from Pankaj on credit)

Apr.07

Ashok

Dr.

13,500

   To Bank A/c

13,000

   To Discount Received A/c

500

(Being Payment made to Ashok)

Apr.10

Poonam

Dr.

11,000

    To Sales A/c

11,000

(Being Goods sold to Poonam on credit)

Apr.12

Purchases A/c

Dr.

15,000

     To Ashok

15,000

(Being Goods purchased from Ashok on Credit)

Apr.15

Sonu

Dr.

6,000

    To Sales A/c

6,000

(Being Goods sold to Sonu on credit)

Apr.18

Bank A/c

Dr.

24,500

Discount Allowed A/c

Dr.

500

   To Poonam

25,000

(Being Payment received from Poonam)

Apr.25

Stationery A/c

Dr.

1,200

    To Cash A/c

1,200

(Being Stationery purchased in cash)

Apr.27

Telephone Bill A/c

Dr.

3,500

   To Bank A/c

3,500

(Being Rent paid by cheque)

Apr.30

Salaries A/c

Dr.

6,000

    To Cash A/c

6,000

(Being Salaries paid )

Cash Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

20,000

Apr.25

Stationery A/c

1,200

Apr.30

Salaries A/c

6,000

Apr.30

Balance c/d

12,800

20,000

20,000

May.01

Balance b/d

12,800

Bank Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

35,000

Apr.07

Ashok

13,000

Apr.18

Poonam

24,500

Apr.27

Telephone Bill A/c

3,500

Apr.30

Balance c/d

43,000

59,500

59,500

May.01

Balance b/d

43,000

Stock Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

15,000

Apr.30

Balance c/d

15,000

15,000

15,000

May.01

Balance b/d

15,000

Furniture Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

4,500

Apr.30

Balance c/d

4,500

4,500

4,500

May.01

Balance b/d

4,500

Poonam  

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

20,000

Apr.18

Bank A/c

24,500

Apr.10

Sales A/c

11,000

Apr.18

Discount Allowed

500

Apr.30

Balance c/d

6,000

31,000

31,000

May.01

Balance b/d

6,000

Sonu

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.01

Balance b/d

10,000

Apr.30

Balance c/d

16,000

Apr.15

Sales A/c

6,000

16,000

16,000

May.01

Balance b/d

16,000

Ashok

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.07

Bank A/c

13,000

Apr.01

Balance b/d

13,500

Apr.07

Discount Received 

500

Apr.12

Purchases a/c

15,000

Apr.30

Balance c/d

15,000

28,500

28,500

May.01

Balance b/d

15,000

Pankaj

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.30

Balance c/d

26,500

Apr.01

Balance b/d

21,500

Apr.04

Purchases a/c

5,000

26,500

26,500

May.01

Balance b/d

26,500

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.30

Balance c/d

69,500

Apr.01

Balance b/d

69,500

69,500

69,500

May.01

Balance b/d

69,500

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.04

Pankaj

5,000

Apr.30

Balance c/d

20,000

Apr.12

Ashok

15,000

20,000

20,000

May.01

Balance b/d

20,000

Discount Received Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.30

Balance c/d

500

Apr.07

Ashok

500

500

500

May.01

Balance b/d

500

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.30

Balance c/d

17,000

Apr.10

Poonam

11,000

Apr.15

Sonu

6,000

17,000

17,000

May.01

Balance b/d

17,000

Stationery Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.25

Cash A/c

1,200

Apr.30

Balance c/d

1,200

1,200

1,200

May.01

Balance b/d

1,200

Telephone Bill Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.27

Bank A/c

3,500

Apr.30

Balance c/d

3,500

3,500

3,500

May.01

Balance b/d

3,500

Salaries Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.30

Cash A/c

6,000

Apr.30

Balance c/d

6,000

6,000

6,000

May.01

Balance b/d

6,000

Discount allowed Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2022

2022

Apr.18

Poonam

500

Apr.30

Balance c/d

500

500

500

May.01

Balance b/d

500

Trial Balance

as on April,30,2022

S. No.

Particulars

`

`

1.

Cash A/c

12,800

2.

Bank A/c

43,000

3.

Stock A/c

15,000

4

Furniture A/c

4,500

5.

Poonam

6,000

6.

Sonu

16,000

7.

Ashok

15,000

8.

Pankaj

26,500

9.

Capital A/c

83,500

10.

Purchases A/c

20,000

11.

Discount Received A/c

500

12.

Sales A/c

17,000

13.

Stationery A/c

1,200

14.

Telephone Bill A/c

3,500

15.

Salaries A/c

6,000

16.

Discount Allowed A/c

500

1,28,500

1,28,500