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11th | Ledger | Question No. 6 | Ts Grewal Solution 2022-2023

Question 6:


Suresh commenced business on 1st April, 2022 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:
 

2022

 

`

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 Withdrawn cash for office use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.

(`)

(`)

2022

 

 

 

 

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(Being cash withdrawn from bank for office use)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

 (`)

Date

Particulars

 (`)

2022

 

 

2022

 

 

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.

 (`)

Date

Particulars

J.F.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

 

2022

 

 

 

2022

 

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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.

 (`)

2022

 

 

 

2022

 

 

 

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 2022

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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