Class 11 Accountancy Chapter 6 - Ledger

TS Grewal Solutions for Class 11 Accountancy Chapter 6 – Ledger is a concept that students should consider while preparing for their Accountancy exam. Here, are few solutions rendered in a simple and a step by step method.

Class 11 TS Grewal Solutions Accountancy Chapter 6:-Download PDF Here

Board CBSE
Class Class 11
Subject Accountancy
Chapter Chapter 6
Chapter Name Ledger
Number of questions solved 05
Category TS Grewal

Chapter 6 – Ledger defines the below-mentioned concepts:

TS Grewal Solutions for Class 11 Accountancy Chapter 6 – Ledger

Question 1

On 1st May 2018, Mohan started a business with a capital of Rs. 50,000. Below is the transaction he made.

2018 Particulars
April 3 Purchased goods from Rima on credit 20,000
April 4 Cash paid to Rima 10,000
April 6 Goods sold to Ramon 25,000
April 8 Received cash from Ramon 20,000
April 12 Goods purchased from Rima 12,000
April 18 Cas paid to Rima 20,000
April 25 Goods sold to Ramon 10,000
April 30 Received cash from Ramon 6,000

Prepare a journal and ledger for the account.

Solution:

JOURNAL
Date Particulars L.F. Dr. (₹) Cr. (₹)
2018

April 1

Cash A/C Dr.

To Capital A/C

(Being started business with cash)

50,000 50,000
April 3 Purchase A/C Dr.

To Rima A/C

(Being goods purchased on credit)

20,000 20,000
April 4 Rima A/C Dr.

To Cash A/C

(Being paid to Rima)

10,000 10,000
April 6 RamonA/C Dr.

To Sales A/C

(Being goods sold to Ramon on credit)

25,000 25,000
April 8 Cash A/C Dr.

To Ramon A/C

(Being cash received from Ramon)

20,000 20,000
April 12 Purchased A/C Dr.

To Rima A/C

(Being goods purchased on credit)

12,000 12,000
April 18 Rima A/C Dr.

To Cash A/C

(Being started business with cash)

20,000 20,000
April 25 Ramon A/C Dr.

To Sales A/C

(Being started business with cash)

10,000 10,000
April 30 Cash A/C Dr.

To Ramon A/C

(Being started business with cash)

6,000 6,000

 

Ledgers

Dr. Cash Account Cr.

Date

2018

Particulars J.F  

Date

2018

Particulars J.F
April 1 To Capital A/c 50,000 April 4 To Rima A/c 10,000
April 8 To Ramon A/c 20,000 April 18 To Rima A/c 20,000
April 30 To Rima A/c 6,000 April 30 By Balance c/d 46,000
76,000 76,000
May 1 To balance b/d 46,000
Ledgers

Dr. Capital Account Cr.

Date

2018

Particulars J.F  

Date

2018

Particulars J.F
April 30 To Balance c/d 50,000 April 1 By Cash A/c 50,000
50,000 50,000
April 30 By Balance b/d 50,000
Ledgers

Dr. Purchase Account Cr.

Date

2018

Particulars J.F  

Date

2018

Particulars J.F
April 3 To Rima A/c 20,000 April 1 By Balance c/d 32,000
April 12 To Rima A/c 12,000
32,000 April 30
May 1 To Balance b/d 32,000
Ledgers

Dr. Rita’s Account Cr.

Date

2018

Particulars J.F  

Date

2018

Particulars J.F
April 4 To Cash A/c 10,000 April 3 By Purchase A/c 20,000
April 18 To Cash A/c 20,000 April 12 By Purchase A/c 12,000
April 30 To Balance c/d 2,000 32,000
32,000 May 1 2,000
Ledgers

Dr. Ramon’s Account Cr.

Date

2018

Particulars J.F  

Date

2018

Particulars J.F
April 6 To Sale A/c 25,000 April 3 By Purchase A/c 20,000
April 25 To Sale A/c 10,000 April 12 By Purchase A/c 6,000
35,000 By Balance c/d 9,000
May 1 To Balance b/d 9,000 35,000
Ledgers

Dr. Sale’s Account Cr.

Date

2018

Particulars  

Rs.

Date

2018

Particulars J.F
April 30 To Balance c/d 35,000 April 3 By Rohit’s A/c 25,000
35,000 April 12 By Rohit’s A/c 10,000
35,000
May 1 By Balance b/d 35,000

Question 2

Pass the necessary Journal entries of M/s Nestle Traders, Bangalore from the following transactions. Post the same to the ledger.

2018

April 1

April 2

April 3

April 7

April 8

April 10

April 14

April 16

April 18

April 20

April 22

April 23

April 25

April 30

Commenced business with cash

Opened a bank a/c with SBI

Purchased furniture

Bought goods from M/s. BritanniaTraders, Bangalore

Purchased goods from M/s. Cadbury Traders, Mysore

Cash sales

Sold goods on credit to M/s. Lindt Traders, Kerala

Rent paid

Paid electricity expenses

Received cash from Lindt Traders

Goods returned to Cadbury Traders

Cash paid to Cadbury Traders

Bought postage stamps

Salary paid to Priyata

₹.

1,50,000

50,000

20,000

30,000

42,000

30,000

12,000

4,000

1,000

12,000

2,000

40,000

100

4,000

Solution :

JOURNAL
Date Particulars L.F. Dr. (₹) Cr. (₹)
2018

April 1

Cash a/c Dr.

To Capital a/c

(Started business with cash)

1,50,000 1,50,000
April 2 Bank a/c Dr.

To Cash

(Opened bank a/c)

50,000 50,000
April 3 Furniture a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Cash a/c

(Furniture purchased with CGST and SGST @ 6% each)

20,000

1,200

1,200

22,400
April 7 Purchase a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Cash a/c

(Goods purchased with CGST and SGST @ 6% each)

30,000

1,800

1,800

33,600
April 8 Purchases a/c Dr.

Input IGST Dr.

To M/s. Cadbury Traders a/c

(Goods purchased with IGST @ 12%)

42,000

5,040

47,040
April 10 Cash a/c Dr.

To Sales a/c

To Output CGST a/c

To Output SGST a/c

(Goods sold with CGST and SGST @ 6% each)

33,600 30,000

1,800

1,800

April 14 M/s. Lindt Traders a/c Dr.

To Sales a/c

To Output IGST a/c

(Goods sold with IGST @ 12%)

13,440 12,000

1,440

April 16 Rent a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Cash a/c

(Rent paid)

4,000

240

240

4,480
April 18 Electricity Expenses a/c Dr.

To Cash a/c

(Paid electricity expenses)

1,000 1,000
April 20 Cash a/c Dr.

To Lindt Traders a/c

(Cash received from Lindt Traders)

12,000 12,000
April 22 Cadbury Traders a/c Dr.

To Purchases returns a/c

To Input IGST a/c

(Goods returned)

2,240 2,000

240

April 23 Cadbury Traders a/c Dr.

To Cash a/c

(Cash paid)

40,000 40,000
April 25 Postage a/c Dr.

To Cash a/c

(Bought postage stamps)

100 100
April 30 Salary a/c Dr.

To Cash a/c

(Paid salary)

4,000 4,000
Dr. Cash Account Cr.
Date Particulars J.F Date Particulars J.F
April

1

10

10

10

20

Capital a/c

Sales a/c

Output CGST a/c

Output SGST a/c

Lindt Traders a/c

1,50,000

30,000

1,800

1,800

12,000

April

2

3

3

3

7

7

7

16

16

16

18

23

25

30

30

Bank a/c

Furniture a/c

Input CGST a/c

Input SGST a/c

Purchases a/c

Input CGST a/c

Input SGST a/c

Rent a/c

Input CGST a/c

Input SGST a/c

Electricity Expenses a/c

Cadbury Traders a/c

Postage a/c

Salary a/c

Balance c/d

50,000

20,000

1,200

1,200

30,000

1,800

1,800

4,000

240

240

1,000

40,000

100

4,000

40,020

1,95,600 1,95,600
Dr. Cash Account Cr.
Date Particulars J.F Date Particulars J.F
April 2 Cash a/c 50,000 April 30 Balance c/d 50,000
50,000 50,000
Dr. Input CGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 3 Cash a/c

Cash a/c

Cash a/c

1,200

1,800

240

April 30 Balance c/d 3,240
3,240 3,240
Dr. Input SGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 3 Cash a/c

Cash a/c

Cash a/c

1,200

1,800

240

April 30 Balance c/d 3,240
3,240 3,240
Dr. Output CGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Balance c/d 1,800 April 30 Cah a/c 1,800
1,800 1,800
Dr. Output SGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Balance c/d 1,800 April 30 Cah a/c 1,800
1,800 1,800
Dr. Input IGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 8 Cadbury Traders a/c 5,040 April

22

30

Cadbury Traders a/c

Balance c/s

240

4,800

5,040 5,040

 

Dr. Output IGST Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Balance c/d 1,440 April

14

Lindt Traders a/c 1,440
1,440 1,440
Dr. Purchases Account Cr.
Date Particulars J.F Date Particulars J.F
April 7

8

Cash a/c

M/s Cadbury Traders a/c

30,000

42,000

April 30 Balance c/d 72,000
72,000 72,000
Dr. Purchases Return Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Balance c/d 2,000 April 22 M/s Cadbury Traders a/c 2,000
2,000 2,000
Dr. Cadbury Traders Account Cr.
Date Particulars J.F Date Particulars J.F
April

22

22

23

30

Purchases return a/c

Input IGST a/c

Cash a/c

Balance c/d

2,000

240

40,000

4,800

April

8

8

Purchases a/c

Input IGST

42,000

5,040

47,040 47,040
Dr. Furnitures Account Cr.
Date Particulars J.F Date Particulars J.F
April 03 Cash a/c 20,000 April 30 Balance c/d 20,000
20,000 20,000

 

Dr. Sales Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Balance c/d 42,000 April 10

14

Cash a/c

Lindt a/c

30,000

12,000

42,000 42,000

 

Dr. Lindt Traders Account Cr.
Date Particulars J.F Date Particulars J.F
April 14

14

Sales a/c

Output IGST a/c

12,000

1,440

April 20

30

Cash a/c

Balance c/d

12,000

1,440

13,440 13,440

 

Dr. Salary Account Cr.
Date Particulars J.F Date Particulars J.F
April 30 Cash a/c 4,000 April 30 Balance c/d 4,000
4,000 4,000

 

Dr. Rent Account Cr.
Date Particulars J.F Date Particulars J.F
April 16 Cash a/c 4,000 April 30 Balance c/d 4,000
4,000 4,000

 

Dr. Electricity Expenses Account Cr.
Date Particulars J.F Date Particulars J.F
April 18 Cash a/c 1,000 April 30 Balance c/d 1,000
1,000 1,000

 

Dr. Postage Account Cr.
Date Particulars J.F Date Particulars J.F
April 25 Cash a/c 100 April 30 Balance c/d 100
100 100

Dr. Capital Account Cr.

 

Date Particulars J.F Date Particulars J.F
April 01 Cash a/c 1,50,000 April 30 Balance c/d 1,50,000
1,50,000 1,50,000

Question 3

The following balances appeared in the books of Mr. A, Delhi on April 1st, 2018:

Assets: Cash – ₹.50,000/-; Stock – ₹.30,000; Debtors – R ₹.50,000/-; Machinery – ₹.60,000/-.

Liabilities: Creditor – S ₹.30,000/-.

The following transactions took place in April, 2018:

2018

April 4

April 6

April 10

April 15

April 20

April 25

April 30

Sold goods for cash

Goods returned by R, Delhi

Purchased goods from S, Jodhpur, Rajasthan of list price ₹.10,000/- for

Bought goods at list price of ₹.15,000/- from S, Kolkata less 10% trade discount and 5% cash discount and paid 40% price immediately

Paid to S in full settlement of his a/c

Paid for the life insurance premium of the proprietor

Received for commission

7,000

1,000

9,000

38,600

500

2,000

Pass necessary journal entries for the above transaction, post them into ledger and prepare the Trial Balance on 30th April, 2018.

Solution:

Books of Mr. A, Delhi

JOURNAL

Date Particulars L.F. Dr. (₹) Cr. (₹)
2018

April 1

Cash a/c Dr.

Stock a/c Dr.

Debtors a/c Dr.

Machinery a/c Dr.

To S a/c

To Capital a/c (balancing amount)

(Being balance brought forward)

50,000

30,000

50,000

60,000

30,000

1,60,000

April 4 Cash a/c Dr.

To Sales a/c

To Output CGST a/c

To Output SGST a/c

(Being sold goods for cash, paid CGST and SGST 6% each)

7,840 7,000

420

420

April 6 Sales Return a/c Dr.

Output CGST a/c

Output SGST a/c

To R a/c

(Being goods returned to R, paid CGST and SGST 6% each)

1,000

60

60

1,120
April 10 Purchase a/c Dr.

Input IGST a/c Dr.

To S a/c

(Being bought goods from S, paid IGST 12%)

9,000

1.080

10,080
April 15 Purchase a/c Dr.

Input IGST a/c Dr.

To S a/c

To Cash a/c

To Discount received a/c

(Being bought goods from S, 40% of the price paid immediately and availed 5% cash discount on payment, paid IGST 12%)

13,500

1,620

9,072

5,746

302

April 20 S a/c Dr.

To Cash a/c

To Discount received a/c

(Being paid S and discount received)

40,080 38,600

1,480

April 25 Drawings a/c Dr.

To Cash a/c

(Being paid life insurance premium of proprietor)

500 500
April 30 Cash a/c Dr.

To Commission a/c

To Output CGST a/c

To Output SGST a/c

(Being received commission, paid CGST and SGST 6% each)

2,240 2,000

120

120

Ledger

Dr. Cash Account Cr.

Date Particulars J.F Date Particulars J.F
2018

April 1

4

4

4

30

30

30

To balance a/c

To Sales a/c

To Output CGST a/c

To Output SGST a/c

To Commission a/c

To Output CGST a/c

To Output SGST a/c

50,000

7,000

420

420

2,000

120

120

2018

April 15

20

25

30

By Purchase a/c

By S a/c

By Drawings a/c

By Balance c/d

5,746

38,600

500

15,234

60,080 60,080
Dr. Capital Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 30

To Balance c/d 1,60,000 2018

April 1

By balance b/d 1,60,000
1,60,000 1,60,000
Dr. S Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 30

To Balance c/d 9,072 2018

April 15

By Purchase a/c 9,072
9,072 9,072
Dr. Stock Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 1

To Balance b/d 30,000 2018

April 30

By balance c/d 30,000
30,000 30,000

 

Dr. Debtors (Ram, Others) Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 1

To Balance b/d 50,000 2018

April 6

6

6

30

By Sales return a/c

By Output CGST a/c

By Output SGST a/c

By Balance c/d

1,000

60

60

48,880

50,000 50,000
Dr. Machinery Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 1

To Balance b/d 60,000 2018

April 30

By balance c/d 60,000
60,000 60,000
Dr. S Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 20

20

To Cash a/c

To Discount received a/c

38,600

1,480

2018

April 1

10

10

By Balance b/d

By Purchase a/c

By Input IGST a/c

30,000

9,000

1,080

40,080 40,080
Dr. Sales Return Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 6

To R a/c 1,000 2018

April 30

By Balance c/d 1,000
1,000 1,000
Dr. Drawings Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 25

To Cash a/c 500 2018

April 30

By Balance c/d 500
500 500
Dr. Commission Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 30

To Balance c/d 2,000 2018

April 30

By Cash a/c 2,000
2,000 2,000
Dr. Discount Received Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 30

To Balance c/d 1,782 2018

April 30

By Purchase a/c

By S a/c

302

1,480

1,782 1,782
Dr. Purchase Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 10

15

15

15

To S a/c

To R a/c

To Cash a/c

To Discount received

9,000

9,072

5,746

302

2018

April 30

By Balance c/d 24,120
24,120 24,120
Dr. Sales Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 30

To Balance b/d 7,000 2018

April 4

By Cash a/c 7,000
7,000 7,000
Dr. Input IGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 10

To S a/c 1,080 2018

April 30

By Balance c/d 1,080
1,080 1,080
Dr. Output CGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 4

30

To R a/c

To Balance c/d

60

480

2018

April

4

30

By Cash a/c

By Cash a/c

420

120

540 540
Dr. Output SGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

April 4

30

To R a/c

To Balance c/d

60

480

2018

April

4

30

By Cash a/c

By Cash a/c

420

120

540 540

Trial Balance as

On April 30, 2018

Particulars L.F. Dr. (₹.) Cr. (₹.)
Cash

Capital

S

Stock

Debtors

Machinery

Sales Return

Drawings

Commission

Discount Received

Purchase

Sales

Input IGST

Output CGST

Output SGST

15,234

30,000

48,880

60,000

1,000

500

24,120

1,080

1,60,000

9,072

2,000

1,782

7,000

480

480

1,80,812 1,80,812

Question 4

Journalise the following transactions in the books of Afzal and Co., Bangalore and post them to the ledger:

2018

Jan.1

Jan. 3

Jan. 5

Jan. 8

Jan. 10

Jan. 11

Jan. 13

Jan. 15

Jan. 16

Jan. 17

Jan. 18

Jan. 19

Jan. 22

Jan. 24

Jan. 25

Jan. 26

Jan. 27

Jan. 28

Jan. 29

Jan. 31

Started business with cash

Bought goods on credit from Gupta and Co., Mumbai

Cash sales

Cash purchases

Sold goods to Ahmed & co., Lucknow

Deposited Cash in bank

Purchased a computer for office

Took a loan from Mehboob

Goods returned by Ahmed and Co.

Purchased furniture from Mehfil Mart, Kolkata

Paid interest to Mehboob

Received claim from Ahmed and Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed

Paid rent by cheque

Withdrew from the bank

Sales of goods at counter after allowing trade discount of 10%

Goods purchased from Gupta and Co. Delhi were destroyed by accident

Advertisement expenses paid through bank

Ahmed and Co. settled their account by cheque

Paid to Gupta and Co. by cheque

Discount allowed by them

Sold old newspapers

₹.

1,00,000

20,000

5,000

8,000

10,000

50,000

20,000

70,000

2,000

10,000

2,000

1,000

2,000

20,000

10,000

10,000

5,000

7,000

18,000

2,000

500

Intra – state transactions are subject to levy of CGST and SGST @ 6% each whereas inter – state transactions are levy of IGST @ 12%.

Solution:

Books of Afzal

JOURNAL

Date Particulars L.F. Dr. (₹) Cr. (₹)
2018

1 Jan

Cash a/c Dr.

To Capital a/c

(Being commenced business with cash)

1,00,000 1,00,000
3 Jan Purchase a/c Dr.

Input IGST a/c Dr.

To Gupta and Co. a/c

(Being purchased goods from Gupta and Co. on credit, paid IGST @ 12%)

20,000

2,400

22,400
5 Jan Cash a/c Dr.

To Sales a/c

To Output CGST a/c

To Output SGST a/c

(Being sold goods on cash, paid CGST and SGST @ 6% each)

5,600 5,000

300

300

8 Jan Purchase a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Cash a/c

(Being bought goods on cash, paid CGST and SGST @ 6% each)

8,000

480

480

8,960
10 Jan Ahmed and Co. a/c Dr.

To Sales a/c

To Output IGST a/c

(Being sales goods from Ahmed and Co. on credit, paid IGST @ 12%)

11,200 10,000

1,20

11 Jan Bank a/c Dr.

To Cash a/c

(Being money deposited in bank)

50,000 50,000
13 Jan Computers a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Cash a/c

(Being bought computers on cash, paid CGST and SGST @ 6% each)

20,000

1,200

1,200

22,400
15 Jan Cash a/c Dr.

To Loan from Mehboob a/c

(Being loan taken from Mehboob)

70,000 70,000
16 Jan Sales Return a/c Dr.

Output IGST a/c Dr.

To Ahmed and Co. a/c

(Being goods returned by Ahmed and Co., paid IGST @ 12%)

2,000

240

2,240
17 Jan Furniture a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Mehfil Mart a/c

(Being bought furniture from Mehfil Mart of cash)

10,000

600

600

11,200
18 Jan Interest on Mehboob loan a/c Dr.

To Cash a/c

(Being paid interest on loan)

2,000 2,000
19 Jan Insurance claim a/c Dr.

To Ahmed and Co. a/c

(Being due to insurance claim)

1,000 1,000
22 Jan Rent a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Bank a/c

(Being paid to rent, paid CGST and SGST @ 6% each)

2,000

120

120

2,240
24 Jan Cash a/c Dr.

To Bank a/c

(Being cash withdrawn from the bank)

20,000 20,000
25 Jan Cash a/c Dr.

To Sales a/c

To Output CGST a/c

To Output SGST a/c

(Being sales on cash, paid CGST and SGST @ 6% each)

10,080 9,000

540

540

26 Jan Loss by Accident a/c Dr.

To Purchases a/c

To Input IGST a/c

(Being goods lost by accident, paid IGST @ 12%)

11,200 10,000

1,200

27 Jan Advertisement a/c Dr.

Input CGST a/c Dr.

Input SGST a/c Dr.

To Bank a/c

(Being paid advertisement, paid CGST and SGST @ 6% each)

5,000

300

300

5,600
28 Jan Bank a/c Dr.

Discount allowed a/c Dr.

To Ahmed and Co. a/c

(Being received payment)

7,000

960

7,960
29 Jan Gupta and Co. a/c Dr.

To Bank a/c

To Discount Received a/c

(Being paid payment)

20,000 18,000

2,000

31 Jan Cash a/c Dr.

To Sundry Income a/c

To Output CGST a/c

To Output SGST a/c

(Being received to sundry income, paid CGST and SGST @ 6% each)

560 500

30

30

Ledger

Dr. Cash Account Cr.

Date Particulars J.F Date Particulars J.F
2018

01 Jan

05 Jan

05 Jan

05 Jan

15 Jan

24 Jan

25 Jan

25 Jan

25 Jan

31 Jan

31 Jan

31 Jan

To Capital b/d

To Sales a/c

To Output CGST a/c

To Output SGST a/c

To Loan from Mehboob a/c

To Bank a/c

To Sales a/c

To Output CGST a/c

To Output SGST a/c

To Sundry Income a/c

To Output CGST a/c

To Output SGST a/c

1,00,000

5,000

300

300

70,000

20,000

9,000

540

540

500

30

30

2018

8 Jan

8 Jan

8 Jan

11 Jan

13 Jan

13 Jan

13 Jan

18 Jan

31 Jan

By Purchase a/c

By Input CGST a/c

By Input SGST a/c

By Bank a/c

By Computer a/c

By Input CGST a/c

By Input SGST a/c

By Interest on Mehboob loan a/c

By Balance c/d

8,000

480

480

50,000

20,000

1,200

1,200

2,000

1,22,880

2,06,240 2,04,500
01 Feb To Balance b/d 1,22,880
Dr. Purchase Account Cr.
Date Particulars J.F Date Particulars J.F
2018

03 Jan

08 Jan

To Gupta and Co. a/c

To Cash a/c

20,000

8,000

2018

26 Jan

31 Jan

By Loss by Accident a/c

By Balance c/d

10,000

8,000

28,000 28,000
01 Feb To Balance b/d 8,000
Dr. Capital Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 1,00,000 2018

01 Jan

By Cash a/c 1,00,000
1,00,000 1,00,000
01 Feb To Balance b/d 1,00,000
Dr. Sales Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 24,000 2018

05 Jan

10 Jan

25 Jan

By Cash a/c

By Ahmed and Co. a/c

By Cash a/c

5,000

10,000

9,000

24,000 24,000
01 Feb To Balance b/d 24,000
Dr. Gupta and Co. Account Cr.
Date Particulars J.F Date Particulars J.F
2018

29 Jan

29 Jan

31 Jan

To Bank a/c

To Discount Received a/c

By balance c/d

18,000

2,000

2,400

2018

03 Jan

03 Jan

By Purchase a/c

By Input IGST a/c

20,000

2,400

22,400 22,400
01 Feb To Balance c/d 2,400
Dr. Ahmed and Co. Account Cr.
Date Particulars J.F Date Particulars J.F
2018

10 Jan

10 Jan

To sales a/c

By Output IGST a/c

10,000

1,200

2018

16 Jan

16 Jan

19 Jan

28 Jan

28 Jan

By Sales Return a/c

By Output IGST a/c

By Insurance Claim a/c

By Bank a/c

By Discount Allowed a/c

2,000

240

1,000

7,000

960

11,200 11,200
Dr. Bank Account Cr.
Date Particulars J.F Date Particulars J.F
2018

11 Jan

28 Jan

To Cash a/c

To Ahmed and Co. a/c

50,000

7,000

2018

22 Jan

22 Jan

22 Jan

24 Jan

27 Jan

27 Jan

27 Jan

29 Jan

31 Jan

By Rent a/c

By Input CGST a/c

By Input SGST a/c

By Cash a/c

By Advertisement a/c

By Input CGST a/c

By Input SGST a/c

By Gupta and Co. a/c

By Balance c/d

2,000

120

120

20,000

5,000

300

300

18,000

11,160

57,000 57,000
01 Feb To Balance b/d 11,160
Dr. Computers Account Cr.
Date Particulars J.F Date Particulars J.F
2018

13 Jan

To Cash a/c 20,000 2018

31 Jan

By Balance c/d 20,000
20,000 20,000
01 Feb To balance b/d 20,000
Dr. Loan from Mehboob Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 70,000 2018

15 Jan

By Cash a/c 70,000
70,000 70,000
01 Feb By balance b/d 70,000
Dr. Insurance Claim Account Cr.
Date Particulars J.F Date Particulars J.F
2018

19 Jan

To Ahmed and Co. a/c 1,000 2018

31 Jan

By balance c/d 1,000
1,000 1,000
01 Feb To balance b/d 1,000
Dr. Rent Account Cr.
Date Particulars J.F Date Particulars J.F
2018

22 Jan

To Bank a/c 2,000 2018

31 Jan

By balance c/d 2,000
2,000 2,000
01 Feb To balance b/d 2,000
Dr. Loss by Accident Account Cr.
Date Particulars J.F Date Particulars J.F
2018

26 Jan

26 Jan

To Purchases a/c

To Input IGST a/c

10,000

1,200

2018

31 Jan

By balance c/d 11,200
11,200 11,200
01 Feb To balance b/d 11,200
Dr. Advertisement Account Cr.
Date Particulars J.F Date Particulars J.F
2018

27 Jan

To Bank a/c 5,000 2018

31 Jan

By balance c/d 5,000
5,000 5,000
01 Feb To balance b/d 5,000
Dr. Sales Returns Account Cr.
Date Particulars J.F Date Particulars J.F
2018

16 Jan

To Ahmed and Co. a/c 2,000 2018

31 Jan

By balance c/d 2,000
2,000 2,000
01 Feb To balance b/d 2,000
Dr. Furniture Account Cr.
Date Particulars J.F Date Particulars J.F
2018

17 Jan

To Mehfil Mart a/c 10,000 2018

31 Jan

By balance c/d 10,000
10,000 10,000
01 Feb To balance b/d 10,000
Dr. Mehfil Mart Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 11,200 2018

17 Jan

17 Jan

17 Jan

By Furniture a/c

By Input CGST a/c

By Input SGST a/c

10,000

600

600

11,200 11,200
01 Feb By balance b/d 11,200
Dr. Interest on Mehboob Loan Account Cr.
Date Particulars J.F Date Particulars J.F
2018

18 Jan

To Cash a/c 2,000 2018

31 Jan

By Balance c/d 2,000
2,000 2,000
01 Feb To balance b/d 2,000
Dr. Discount Allowed Account Cr.
Date Particulars J.F Date Particulars J.F
2018

28 Jan

To Ahmed and Co. a/c 960 2018

31 Jan

By Balance c/d 960
960 960
01 Feb To balance b/d 960
Dr. Discount Received Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To balance b/d 2,000 2018

29 Jan

By Gupta and Co. a/c 2,000
2,000 2,000
01 Feb By Balance c/d 2,000
Dr. Sundry Income Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To balance c/d 500 2018

31 Jan

By Cash a/c 500
500 500
01 Feb By Balance b/d 500
Dr. Input CGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

08 Jan

13 Jan

17 Jan

22 Jan

27 Jan

To Cash a/c

To Cash a/c

To Mehfil Mart a/c

To Bank a/c

To Bank a/c

480

1,200

600

120

300

2018

31 Jan

By Balance c/d 2,700
2,700 2,700
Dr. Input SGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

08 Jan

13 Jan

17 Jan

22 Jan

27 Jan

To Cash a/c

To Cash a/c

To Mehfil Mart a/c

To Bank a/c

To Bank a/c

480

1,200

600

120

300

2018

31 Jan

By Balance c/d 2,700
2,700 2,700
Dr. Output CGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 870 2018

5 Jan

25 Jan

31 Jan

By Cash a/c

By Cash a/c

By Cash a/c

300

540

30

870 870
Dr. Output SGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

31 Jan

To Balance c/d 870 2018

5 Jan

25 Jan

31 Jan

By Cash a/c

By Cash a/c

By Cash a/c

300

540

30

870 870
Dr. Input IGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

3 Jan

To Gupta and Co. a/c 2,400 2018

26 Jan

31 Jan

By Loss by Accident a/c

By Balance c/d

1,200

1,200

2,400 2,400
Dr. Output IGST Account Cr.
Date Particulars J.F Date Particulars J.F
2018

16 Jan

31 Jan

To Ahmed and Co. a/c

To balance c/d

240

960

2018

10 Jan

By Ahmed and Co. a/c 1,200
1,200 1,200

Question 5

On 1st of April 2018, X began business with a capital of ₹. 50,000/-. He made the following transactions:

2018

April 3

April 4

April 6

April 8

April 12

April 18

April 25

April 30

Purchased goods from R on credit for

Cash paid to R

Goods sold to S

Received cash from S

Goods purchased from R

Cash paid to R

Goods sold to S

Received cash from S

20,000

10,000

25,000

20,000

12,000

20,000

10,000

6,000

Pass the necessary Journal entries.

Solution:

JOURNAL

Date Particulars L.F. Dr. (₹) Cr. (₹)
2018

April 1

Cash a/c Dr.

To Capital a/c

(Being commenced business with cash)

50,000 50,000
April 3 Purchase a/c Dr.

To R a/c

(Being goods purchased on credit)

20,000 20,000
April 4 R a/c Dr.

To Cash a/c

(Being paid to Rita)

10,000 10,000
April 6 S a/c Dr.

To Sales a/c

(Being goods sold to S on credit)

25,000 25,000
April 8 Cash a/c Dr.

To S a/c

(Being cash received from S)

20,000 20,000
April 12 Purchase a/c Dr.

To R a/c

(Being goods purchased on credit)

12,000 12,000
April 18 R a/c Dr.

To Cash a/c

(Being cash paid to R)

20,000 20,000
April 25 S a/c Dr.

To sales a/c

(Being goods sold to S)

10,000 10,000
April 30 Cash a/c Dr.

To S a/c

(Being cash received from S)

6,000 6,000

The above-provided solutions are considered to be the best solution for ‘TS Grewal Solutions for Class 11 Accountancy Chapter 6 – Ledger’. Stay tuned to BYJU’S to learn more and score well in the upcoming board examinations.

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