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April 17	Withdrawn cash for office use	4,000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	(Being cash withdrawn from bank for office use)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 30^th 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