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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

 

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