Question

Question

Answer 1

Proper Subsidiary Books

Cash Book

Dr.

Cr.

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Discount (Rs)

Date

Particulars

L.F.

Cash (Rs)

Bank (Rs)

Discount (Rs)

2015

2015

Jan. 01

Balance b/d

8,500

1,40,000

–

Jan. 02

Cash A/c

C

–

20,000

–

Jan. 02

Bank A/c

C

20,000

–

–

Jan. 04

Salaries A/c

22,000

–

–

Jan. 09

Manohar Lal (WN1)

–

29,100

900

Jan. 15

Ganga Parshad

–

45,000

200

Jan. 09

Sales A/c

16,000

–

–

Jan. 18

Sunil (WN2)

14,850

–

150

Jan. 25

Surya Narain (WN3)

11,000

–

550

Jan. 24

Rent A/c

–

2,000

–

Jan. 27

Sundry Income

400

–

–

Jan. 27

Stationery & Postage A/c

500

–

–

Jan. 31

Sh. Ganesh Chand

40,000

–

–

Jan. 31

Balance c/d

58,550

1,02,100

–

95,900

1,69,100

1,450

95,900

1,69,100

350

Feb. 01

Balance b/d

58,550

1,02,100

–

WN1: Calculation of Discount Allowed to Manohar Lal

WN2: Calculation of Discount Received from Sunil

WN3: Calculation of Discount Allowed to Surya Narain

Purchases Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2015
Jan. 10	Ganga Parshad
	300 metres Cotton @ 60 per metre			18,000
	500 metres Silk @ 120 per metre			60,000
				78,000
	Less: 10% Trade Discount			7,800	70,200
Jan. 31	Purchases A/c	Dr.			70,200

Sales Book
Date	Particulars		L.F.	Details (Rs)	Amount (Rs)
2015
Jan. 06	Surya Narain
	60 metres Silk @ Rs 150 per metre			9,000
	100 metres Cotton @ Rs 70 per metre			7,000
				16,000
	Less: 12.5% Trade Discount			2,000	14,000
Jan. 28	Sh. Ganesh Chand
	40 metres Silk @ Rs 160 per metre			64,000	64,000
Jan. 31	Sales A/c	Cr.			78,000

Sales Return Book
Date	Particulars		Debit Note No.	L.F.	Details (Rs)	Amount (Rs)
2015
Jan. 08	Surya Narain
	40 metres Cotton @ Rs 70 per metre				2,800
	Less: 12.5% Trade Discount				350	2,450
Jan. 31	Sales Return A/c	Dr.				2,450

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2015
Jan. 01	Cash A/c	Dr.		8,500
	Bank A/c	Dr.		1,40,000
	Stock A/c	Dr.		2,20,000
	Manohar Lal	Dr.		30,000
	Deep Chand	Dr.		24,000
	Furniture & Equipment	Dr.		3,00,000
	To Sunil				15,000
	To Capital A/c				7,07,500
	(Opening balances brought forward)
Jan. 13	Ganga Parshad	Dr.		25,000
	To Bills Payable A/c				25,000
	(Acceptance given to Ganga Parshad)
Jan. 20	Drawings A/c	Dr.		500
	To Purchases A/c				500
	(5 metres of silk costing Rs 100 each was taken for personal use)
Jan. 31	Bills Receivable A/c	Dr.		24,000
	To Sh. Ganesh Chand				24,000
	(Acceptance received)
				7,72,000	7,72,000