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11th | Special Purpose Books II- Other Books | Question No. 17 and 18 | Ts Grewal Solution 2022-2023

Question 17:


On 1st March, 2022, Shri Kailash Chand, Lucknow commenced business with cash ` 50,000. The following are his transactions for the month of March, 2022. Record them in proper books, post them to the Ledger and take out a Trial Balance:

 

 

2022

 

`

March 1

Bought goods for cash*

 

5,000

 

Purchased from Hari, Lucknow*:

 

 

 

5 Laptops @ ` 35,000 each

 

 

 

5 Desktops @ ` 25,000 each

 

 

 

Less: Trade Discount 15%

 

 

March 2

Purchased computer & printer from M/s. Computer Mart against cash for office use*

 

20,000

March 5

Deposited into bank

 

15,000

March 7

Sold goods to Shri Ramesh Chand, Kanpur*:

 

 

 

2 Laptops @ ` 32,000 each

 

 

 

2 Desktops @ ` 24,000 each

 

 

March 10

Received Cheque from Shri Ramesh Chand on account

 

75,000

March 14

Received another Cheque in full settlement from Ramesh Chand

 

49,440

March 15

Sold goods to Jagdish, Kolkata**:

 

 

 

2 Laptops @ ` 35,000 each

 

 

 

2 Desktops @ ` 25,000 each

 

 

 

Less: Trade Discount 5%

 

 

March 18

Bought from Shyam Lal, Delhi**:

 

 

 

10 Keyboards @ ` 1,000 each

 

 

 

10 Mouse @ ` 500 each

 

 

March 20

Drew cash from bank for office

 

17,000

March 21

Paid to Shyam Lal in full settlement

 

16,500

March 23

Cash Sales 5 Keyboards @ ` 1,200 each and 5 Mouse @ ` 600 each*

 

 

March 25

Paid Salary

 

2,500

March 28

Paid Rent*

 

1,500

March 30

Paid into bank

 

5,000

March 31

Drew cash for personal expenses

 

500

 

 

 

 


Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

Answer:


Cash Book

 

Date

Particulars

L.F.

Cash

(`)

Bank

(`)

Date

Particulars

L.F.

Cash

(`)

Bank

(`)

2018

 

 

 

 

2018

 

 

 

 

March 01

To Capital A/c

 

50,000

 

March 01

By Purchases A/c

 

5,000

 

March 05

To Cash A/c

C

 

15,000

March 01

By Input CGST

 

300

 

March 10

To Ramesh Chand

 

 

75,000

March 01

By Input SGST

 

300

 

March 14

To Ramesh Chand

 

 

49,440

March 02

By Purchases

 

20,000

 

March 20

To Bank A/c

C

17,000

 

March 02

By Input CGST

 

1,200

 

March 23

To Sales A/c

 

9,000

 

March 02

By Input SGST

 

1,200

 

March 23

To Output CGST

 

540

 

March 05

By Bank A/c

C

15,000

 

March 23

To Output SGST

 

540

 

March 20

By Cash A/c

C

 

17,000

March 30

To Cash A/c

C

 

5,000

March 21

By Shyam Lal

 

16,500

 

 

 

 

 

 

March 25

By Salary A/c

 

2,500

 

 

 

 

 

 

March 28

By Rent A/c

 

1,500

 

 

 

 

 

 

March 28

By Input CGST

 

90

 

 

 

 

 

 

March 28

By Input SGST

 

90

 

 

 

 

 

 

March 30

By Bank A/c

 

5,000

 

 

 

 

 

 

March 31

By Drawing A/c

 

500

 

 

 

 

 

 

March 31

By Balance c/d

 

7,900

1,27,440

 

 

 

77,080

1,44,440

 

 

 

77,080

1,44,440

 

 

 

 

 

 

 

 

 

 

   

Purchases Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Cost

(`)

Input CGST

(`)

Input SGST

(`)

Input IGST

(`)

Total

(`)

2018

 

 

 

 

 

 

 

 

 

Mar 01

Hari, Lucknow 5 laptops @ ` 35,000 each

 

 

1,75,000

 

 

 

 

 

 

5 Desktop @ ` 25,000 each

 

 

1,25,000

 

 

 

 

 

 

 

 

 

3,00,000

 

 

 

 

 

 

Less: Trade Discount@15%

 

 

45,000

 

 

 

 

 

 

 

 

 

2,55,000

 

 

 

 

 

 

Add: 6% CGST

 

 

15,300

 

 

 

 

 

 

        6% SGST

 

 

15,300

 

 

 

 

 

 

 

 

 

2,85,600

2,55000

15,300

15,300

2,85,600

 

 

 

 

 

 

 

 

 

 

Mar 18

Shyam Lal, Delhi

 

 

 

 

 

 

 

 

 

10 keyboards @ ` 1,000 each

 

 

10,000

 

 

 

 

 

 

10 Mouse @ ` 5,000 each

 

 

5,000

 

 

 

 

 

 

 

 

 

15,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

1,800

 

 

 

 

 

 

 

 

 

16,800

15,000

1,800

16,800

Mar 31

 

 

 

 

2,70,000

15,300

15,300

1,800

3,02,400

 

 

 

 

 

 

 

 

 

 

 

Sales Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Value

(`)

Output CGST

(`)

Output SGST

(`)

Output IGST

(`)

Total

(`)

2018

 

 

 

 

 

 

 

 

 

Mar 07

Shri Rames Chand Kanpur

 

 

 

 

 

 

 

 

 

2 laptops @ ` 32,000 each

 

 

64,000

 

 

 

 

 

 

2 Desktop @ ` 32,000 each

 

 

48,000

 

 

 

 

 

 

 

 

 

1,12,000

 

 

 

 

 

 

Add: 6% CGST

 

 

6,720

 

 

 

 

 

 

         6% SGST

 

 

6,720

 

 

 

 

 

 

 

 

 

1,25,440

1,12,000

6,720

6,720

1,25,440

 

 

 

 

 

 

 

 

 

 

Mar 15

Jagdish, Kolkata

 

 

 

 

 

 

 

 

 

2 Laptops @ ` 35,000 each

 

 

70,000

 

 

 

 

 

 

2 Desktops @ ` 25,000 each

 

 

50,000

 

 

 

 

 

 

 

 

 

1,20,000

 

 

 

 

 

 

Less: 5% TD

 

 

6,000

 

 

 

 

 

 

 

 

 

1,14,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

13,680

 

 

 

 

 

 

 

 

 

1,27,680

1,14,000

13,680

1,27,680

Mar 31

 

 

 

 

2,26,000

6,720

6,720

13,680

2,53,120

 

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance b/d

 

50,000

March 01

By Cash A/c

 

50,000

 

 

 

50,000

 

 

 

50,000

 

 

 

 

 

 

 

 

 

Purchases Account

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 01

To Cash A/c

 

5,000

March 31

By Balance c/d

 

2,95,000

March 02

To Cash A/c

 

20,000

 

 

 

 

March 31

To Sundries from Purchaser Book

 

2,70,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,95,000

 

 

 

2,95,000

 

 

 

 

 

 

 

 

 

Hari

Dr.

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

2,85,600

March 01

By Purchases

 

2,55,000

 

 

 

 

March 01

By Input CGST

 

15,300

 

 

 

 

March 01

By Input SGST

 

15,300

 

 

 

2,85,600

 

 

 

2,85,600

 

 

 

 

 

 

 

 

 

Input CGST Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 01

To Cash A/c

 

300

March 01

By Balance c/d

 

16,890

March 01

To Hari

 

15,300

 

 

 

 

March 02

To Cash A/c

 

1,200

 

 

 

 

March 28

To Cash A/c

 

90

 

 

 

 

 

 

 

16,890

 

 

 

16,890

 

 

 

 

 

 

 

 

 

Input SGST Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 01

To Cash A/c

 

300

March 31

By Balance c/d

 

16,890

March 01

To Hari

 

15,300

 

 

 

 

March 02

To Cash A/c

 

1,200

 

 

 

 

March 28

To Cash A/c

 

90

 

 

 

 

 

 

 

16,890

 

 

 

16,890

 

 

 

 

 

 

 

 

 

Output CGST Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

7,260

March 7

By Shri Ramesh Chand

 

6,720

 

 

 

 

March 23

By Cash A/c

 

540

 

 

 

 

 

 

 

 

 

 

 

7,260

 

 

 

7,260

 

 

 

 

 

 

 

 

 

Output SGST Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

7,260

March 07

By Shri Ramesh Chand

 

6,720

 

 

 

 

March 23

By Cash A/c

 

540

 

 

 

 

 

 

 

 

 

 

 

7,260

 

 

 

7,260

 

 

 

 

 

 

 

 

 

Ramesh Chand

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 07

To Sales A/c

 

1,12,000

March 10

By Bank A/c

 

20,000

March 07

To Output CGST A/c

 

6,720

March 14

By Bank A/c

 

1,000

March 07

To Output SGST A/c

 

6,720

March 14

By Discount Allowed A/c

 

1,000

 

 

 

1,25,440

 

 

 

1,25,440

 

 

 

 

 

 

 

 

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

2,35,000

March 23

By Cash A/c

 

9,000

 

 

 

 

March 31

By Sundries from Sales Book

 

2,26,000

 

 

 

2,35,000

 

 

 

2,35,000

 

 

 

 

 

 

 

 

 

Jagdish

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 15

To Sales A/c

 

1,14,000

March 31

By Balance c/d

 

1,27,680

March 15

To Output IGST A/c

 

13,680

 

 

 

 

 

 

 

1,27,680

 

 

 

1,27,680

 

 

 

 

 

 

 

 

 

Output IGST Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

13,680

March 15

By Jagdish

 

13,680

 

 

 

13,680

 

 

 

13,680

 

 

 

 

 

 

 

 

   

Discount Allowed Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 14

To Ramesh Chand

 

1,000

March 31

By Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

   

Input IGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 18

To Shyam Lal

 

1,800

March 31

By Balance c/d

 

1,800

 

 

 

1,800

 

 

 

1,800

 

 

 

 

 

 

 

 

 

Shyam Lal

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 21

To Cash A/c

 

16,500

March 18

By Purchases A/c

 

15,000

March 21

To Discount Received A/c

 

300

March 18

By Input IGST A/c

 

1,800

 

 

 

16,800

 

 

 

16,800

 

 

 

 

 

 

 

 

   

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 28

To Cash A/c

 

1,500

March 31

By Balance c/d

 

1,500

 

 

 

1,500

 

 

 

1,500

 

 

 

 

 

 

 

 

   

Drawings  Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Cash A/c

 

500

March 31

By Balance c/d

 

500

 

 

 

500

 

 

 

500

 

 

 

 

 

 

 

 

   

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 31

To Balance c/d

 

300

March 21

By Shyam lal

 

300

 

 

 

300

 

 

 

300

 

 

 

 

 

 

 

 

 

Salary Account

Dr.

 

Cr.

Date

Particulars

J.F.

 (`)

Date

Particulars

J.F.

 (`)

2018

 

 

 

2018

 

 

 

March 25

To Cash A/c

 

2,500

March 31

By Balance c/d

 

2,500

 

 

 

2,500

 

 

 

2,500

 

 

 

 

 

 

 

 

 

Trial Balance

As on 30th April 2022

S. No.

Particular

J.F.

Debit

 (`)

Credit

 (`)

1

Capital

 

 

50,000

2

Purchases

 

2,95,000

 

3

Hari

 

 

2,85,600

4

Input CGST

 

16,890

 

5

Input SGST

 

16,890

 

6

Input IGST

 

1,800

 

7

Output CGST

 

 

7,260

8

Output SGST

 

 

7,260

9

Output IGST

 

 

13,680

10

Jagdish

 

1,27,680

 

11

Sales

 

 

2,35,000

12

Discount Allowed

 

1,000

 

13

Rent

 

1,500

 

14

Discount Received

 

 

300

15

Cash

 

7,900

 

16

Bank

 

1,27,440

 

17

Drawings

 

500

 

18

Salary

 

2,500

 

 

 

 

5,99,100

5,99,100

 

 

 

 

 

Question 18:


On 1st January, 2022, Ram of Kolkata commenced business with a capital of ` 50,000 and entered into following transactions:
Pass the following transactions through proper books to the Ledger. Take out a Trial Balance as on 31st January, 2022. The Cash Book must be balanced.
 

2022

 

`

Jan. 1

Opened a Bank Account and Deposited

12,500

 

Purchased Goods against Cash Payment*

20,000

 

Purchased furniture for Shop*

5,000

 

Sold goods to R. Raman, Kolkata*

5,000

Jan. 2

Bought goods from Man Mohan, Delhi**

10,000

Jan. 3

Bought stationery and paid by cash

1,000

Jan. 5

Received cash from R. Raman

5,300

 

Discount allowed to him

300

Jan. 6

Sold goods to Bimal, Kolkata*

7,500

Jan. 8

Bimal returned part of the goods supplied on the 6th instant

1,500

Jan. 10

Paid cash into bank

1,000

Jan. 12

Paid wages

1,500

Jan. 13

Bought on credit from the Union Furniture Co., Kolkata office desk*

1,500

Jan. 19

Paid wages

1,500

Jan. 21

Paid to Man Mohan by cheque

10,700

 

Discount received

500

Jan. 21

Sold goods to Ramesh, Guwahati including IGST**

6,720

Jan. 22

Received cheque from Bimal

6,000

Jan. 23

Bought goods from Man Mohan, Delhi**

7,000

Jan. 24

Drew by cheque for personal use

2,000

Jan. 27

Paid wages

1,500

Jan. 31

Rent due to landlord*

1,000


Transactions marked with (*) are intra-state transactions subject to CGST and SGST @ 6% each.
Transactions marked with (**) are inter-state transactions subject to IGST @ 12%.

Answer:


Cash Book

 

Date

Particulars

L.F.

Cash

(`)

Bank

(`)

Date

Particulars

L.F.

Cash

(`)

Bank

(`)

2017

 

 

 

 

2022

 

 

 

 

July 01

To Capital A/c

 

30,000

70,000

July 04

By S.Raj

 

 

6,800

July 11

To R. Mukherjee

 

8,600

 

July 05

By Computer A/c

 

5,000

 

July 20

To Sales A/c

 

3,300

 

July 06

By Purchases A/c

 

 

5,000

July 20

To Output CGST A/c

 

198

 

July 06

By Input CGST

 

 

300

July 20

To Output SGST A/c

 

198

 

July 06

By Input SGST

 

 

300

July 25

To Cash A/c

C

 

3,500

July 10

By Drawings

 

2,500

 

July 31

To T. Rana

 

12,850

 

July 17

By D. Seth

 

 

9,000

 

 

 

 

 

July 25

By Bank A/c

C

3,500

 

 

 

 

 

 

July 31

By Wages A/c

 

480

 

 

 

 

 

 

July 31

By Balance c/d

 

56,666

52,100

 

 

 

68,146

73,500

 

 

 

68,146

73,500

 

 

 

 

 

 

 

 

 

 

   

Purchases Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Cost

(`)

Input CGST

(`)

Input SGST

(`)

Input IGST

(`)

Total

(`)

2022

 

 

 

 

 

 

 

 

 

July 01

S. Raj, Delhi  

 

 

10,000

 

 

 

 

 

 

  Less: Trade Discount@10%

 

 

1,000

 

 

 

 

 

 

 

 

 

9,000

 

 

 

 

 

 

Add: 6% CGST

 

 

540

 

 

 

 

 

 

        6% SGST

 

 

540

 

 

 

 

 

 

 

 

 

10,080

9,000

540

540

10,080

 

 

 

 

 

 

 

 

 

 

July 05

D. Seth, Patna

 

 

20,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

2,400

 

 

 

 

 

 

 

 

 

22,400

20,000

2,400

22,400

 

 

 

 

 

 

 

 

 

 

July 09

M. Dey, Kolkata

 

 

15,000

 

 

 

 

 

 

Less: Trade Discount @ 5%

 

 

750

 

 

 

 

 

 

 

 

 

14,250

 

 

 

 

 

 

Add: 12% IGST

 

 

 

   1,710

 

 

 

 

 

 

 

 

 

15,960

14,250

1,710

15,960

 

 

 

 

 

 

 

 

 

 

July 14

D. Seth, Patna

 

 

12,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

1,440

 

 

 

 

 

 

 

 

 

13,440

12,000

1,440

13,440

 

 

 

 

 

 

 

 

 

 

July 20

M. Dey, Kolkata

 

 

6,000

 

 

 

 

 

 

Add: 12% IGST

 

 

720

 

 

 

 

 

 

 

 

 

6,720

6,000

720

6,720

July 31

 

 

 

 

61,250

540

540

6,270

68,600

 

 

 

 

 

 

 

 

 

 

  

Sales Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Value

(`)

Output CGST

(`)

Output SGST

(`)

Output

IGST

(`)

Total

(`)

2022

 

 

 

 

 

 

 

 

 

July 02

R.Mukherjee, Kolkata  

 

 

5,000

 

 

 

 

 

 

Add: 12% IGST

 

 

600

 

 

 

 

 

 

 

 

 

5,600

5,000

600

5,600

 

 

 

 

 

 

 

 

 

 

July 08

D.Das, Kolkata

 

 

10,000

 

 

 

 

 

 

Less: 5% T.D.

 

 

500

 

 

 

 

 

 

 

 

 

9,500

 

 

 

 

 

 

Add: 12% IGST

 

 

 

1,140

 

 

 

 

 

 

 

 

 

10,640

9,500

1,140

10,640

 

 

 

 

 

 

 

 

 

 

July 09

R.Mukherjee, Kolkata  

 

 

12,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

1,440

 

 

 

 

 

 

 

 

 

13,440

12,000

1,440

13,440

 

 

 

 

 

 

 

 

 

 

July 14

T. Rana, Delhi

 

 

20,000

 

 

 

 

 

 

Add: 6% CGST

 

 

1,200

 

 

 

 

 

 

        6% SGST

 

 

1,200

 

 

 

 

 

 

 

 

 

22,400

20,000

1,200

1,200

22,400

 

 

 

 

 

 

 

 

 

 

July 17

D.Das, Kolkata

 

 

10,000

 

 

 

 

 

 

Add: 12% IGST

 

 

 

1,200

 

 

 

 

 

 

 

 

 

11,200

10,000

1,200

11,200

 

 

 

 

 

 

 

 

 

 

July 28

T. Rana, Delhi

 

 

15,000

 

 

 

 

 

 

Add: 6% CGST

 

 

900

 

 

 

 

 

 

        6% SGST

 

 

900

 

 

 

 

 

 

 

 

 

16,800

15,000

900

900

16,800

July 31

 

 

 

 

71,500

2,100

2,100

4,380

80,080

 

 

 

 

 

 

 

 

 

 

 

Purchases Return Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Cost

(`)

Input CGST

(`)

Input SGST

(`)

Input IGST

(`)

Total

(`)

2022

 

 

 

 

 

 

 

 

 

July 04

S. Raj, Delhi  

 

 

3,000

 

 

 

 

 

 

Less: Trade Discount@10%

 

 

300

 

 

 

 

 

 

 

 

 

2,700

 

 

 

 

 

 

Add: 6% CGST

 

 

162

 

 

 

 

 

 

        6% SGST

 

 

162

 

 

 

 

 

 

 

 

 

3,024

2,700

162

162

3,024

 

 

 

 

 

 

 

 

 

 

July 25

M. Dey, Kolkata

 

 

4,000

 

 

 

 

 

 

Less: Trade Discount @ 5%

 

 

200

 

 

 

 

 

 

 

 

 

3,800

 

 

 

 

 

 

Add: 12% IGST

 

 

456

 

 

 

 

 

 

 

 

 

4,256

3,800

456

4,256

July 31

 

 

 

 

6,500

162

162

456

7,280

 

 

 

 

 

 

 

 

 

 

 

Sales Return Book

Date

Particulars

Invoice No.

L.F.

Details

(`)

Value

(`)

Output CGST

(`)

Output SGST

(`)

Output

IGST

(`)

Total

(`)

2022

 

 

 

 

 

 

 

 

 

July 06

R.Mukherjee, Kolkata  

 

 

2,000

 

 

 

 

 

 

Add: 12% IGST

 

 

240

 

 

 

 

 

 

 

 

 

2,240

2,000

240

2,240