11th | Ledger | Question No. 8 | Ts Grewal Solution 2022-2023

Question 8:

On 1st April, 2022, 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, 2022 were:

2022		`
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, 2022.

Answer:

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

			300					300

Cash at Bank Account
Dr.								Cr.
Date	Particulars	J.F.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.		(`)
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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
	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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
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.	(`)	Date	Particulars	J.F.	(`)
Apr 18	Sharma A/c		50	Apr 30	Balance c/d		50

			50				50

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

			200				200

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

			300				300

Trial Balance as on Apr 30, 2022
S.No.	List of Items	Debit (`)	Credit (`)
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