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Question

Write up the following transactions in the Journal of Ashok and post them to the Ledger for April, 2017. Also, prepare the Trial Balance as on 30th April, 2017.
2017  
April 1 Commenced business with cash 40,000
April 2 Deposited in bank 30,000
April 5 Bought goods for cash 5,000
April 7 Sold goods to Amit 2,500
April 9 Bought goods from Parvat  5,100
April 12 Received cash from Amit 1,950
  Discount allowed 50
April 13 Paid cash to Parvat 3,900
  Discount allowed by him 100
April 14 Received cash for goods sold 2,750
April 15 Bought goods from Dinesh 2,350
April 16 Withdrew cash for private expenses 1,000
April 17 Received cash from Amit and deposited into bank 500
April 20 Paid sundry trade expenses 250
April 25 Paid rent 450
April 28 Paid cash to Dinesh 2,300
  Discount allowed by him  50
April 29 Goods sold to Romy 4,750
April 30 Paid for carriage 50


Solution

Books of Ashok, Delhi

Journal

Date

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

2018

 

 

 

 

April 01

Cash A/c

Dr.

 

40,000

 

 

To Capital

 

 

40,000

 

(Started business with Cash)

 

 

 

 

 

 

 

 

April 02

Bank A/c

Dr.

 

3,00,000

 

 

To Cash A/c

 

 

3,00,000

 

(Deposited into bank)

 

 

 

 

 

 

 

 

April 05

Purchases A/c

Dr.

 

50,000

 

  Input CGST A/c Dr.   3,000  
  Input SGST A/c Dr.   3,000  

 

To Bank A/c

 

 

56,000

 

(Bought goods against cheque plus 6% intra state GST)

 

 

 

 

 

 

 

 

April 07

Amit

Dr.

 

28,000

 

 

To Sales

 

 

25,000

     To Output IGST A/c     3,000
         

 

(Sold goods to Amit plus 12% inter state GST)

 

 

 

 

 

 

 

 

April 09

Purchases A/c

Dr.

 

51,000

 

  Input CGST A/c Dr.   3,060  
  Input SGST A/c     3,060  

 

To Parvat

 

 

57,120

 

(Bought goods from Parvat plus 12% inter state GST )

 

 

 

 

 

 

 

 

April 12

Bank A/c

Dr.

 

19,500

 

 

Discount Allowed A/c

Dr.

 

500

 

 

To Amit

 

 

20,000

 

(Cheque received from Amit and discount allowed)

 

 

 

 

 

 

 

 

April 13

Parvat

Dr.

 

40,000

 

 

To Bank A/c

 

 

39,000

 

To Discount Received

 

 

1,000

 

(Issued cheque to Parvat and discount received)

 

 

 

 

 

 

 

 

April 16

Drawings A/c

Dr.

 

10,000

 

 

To Cash A/c

 

 

10,000

 

(Cash drawn for personal use)

 

 

 

 

 

 

 

 

April 17

Bank A/c

Dr.

 

5,000

 

 

To Amit

 

 

5,000

 

(Received cash from Amit and deposited into bank)

 

 

 

 

 

 

 

 

April 25

Rent A/c

Dr.

 

9,000

 

  Input CGST A/c Dr.   540  
  Input SGST A/c Dr.   540  

 

To Bank A/c

 

 

10,080

 

(Paid rent by cheque plus 6% inter state GST)

 

 

 

 

 

 

 

 

April 29

Romy

Dr.

 

53,760

 

 

To Sales A/c

 

 

48,000

     To Output CGST A/c     2,880
     To Output SGST A/c     2,880

 

(Goods sold to Romy plus 6% intra state GST)

 

 

 

 

 

 

 

 

 

Cash Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

Apr01

Capital

 

40,000

Apr 02

Bank

 

3,00,000

Apr12

Amit

 

1,950

Apr 07

Purchases

 

5,000

Apr14

Sales

 

2,750

Apr 13

Parvat

 

3,900

 

 

 

 

Apr 16

Drawings

 

1,000

 

 

 

 

Apr 20

Sundry Trade Expenses

 

250

 

 

 

 

Apr 25

Rent

 

450

 

 

 

 

Apr 28

Dinesh

 

2,300

 

 

 

 

Apr 30

Carriage

 

50

 

 

 

 

Apr 30

Balance c/d

 

1,750

 

 

 

44,700

 

 

 

44,700

 

 

 

 

 

 

 

 

 

 

Capital Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 30

Balance c/d

 

40,000

April 01

Cash

 

40,000

 

 

 

40,000

 

 

 

40,000

 

 

 

 

 

 

 

 

                   

 

 

Purchases Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 05

Bank

 

50,000

 

 

 

 

April 09

Parvat

 

51,000

 

 

 

 

April 28

Dinesh

 

2,350

April 30

Balance c/d

 

12,450

 

 

 

12,450

 

 

 

12,450

 

 

 

 

 

 

 

 

                   

 

Bank Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 02

Cash

 

3,00,000

April 05

Purchases

 

50,000

        April 05 Input CGST   3,000
        April 05 Input SGST   3,000
               

April 17

Amit

 

500

April 30

Balance c/d

 

30,500

 

 

 

30,500

 

 

 

30,500

 

 

 

 

 

 

 

 

                   

 

Sales Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

 

 

 

 

April 07

Amit

 

25,000

 

 

 

 

April 14

Cash

 

2,750

April 30

Balance c/d

 

10,000

April 29

Romy

 

4,750

 

 

 

10,000

 

 

 

10,000

 

 

 

 

 

 

 

 

                   

 

 

Amit

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 07

Sales

 

25,000

April12

Cash

 

1,950

April 07

Output IGST

 

3,000

 

Discount Allowed

 

50

 

 

 

 

April 17

Bank

 

500

 

 

 

28,000

 

 

 

2,500

 

 

 

 

 

 

 

 

                   

 

 

Parvat

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 13

Cash

 

3,900

April 09

Purchases

 

51,000

 

Discount Received

 

100

April 09

Input CGST

 

3,060

April 30

Balance c/d

 

1,100

April 09

Input SGST

 

3,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

 

Discount Allowed Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 12

Amit

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

 

Discount Received Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

 

 

 

 

April 13

Parvat

 

100

April 30

Balance c/d

 

150

April 28

Dinesh

 

50

 

 

 

150

 

 

 

150

 

 

 

 

 

 

 

 

                   

 

Dinesh

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 28

Cash

 

2,300

April 15

Purchases

 

2,350

 

Discount Received

 

50

 

 

 

 

 

 

 

2,350

 

 

 

2,350

 

 

 

 

 

 

 

 

                   

 

 

Drawings Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 16

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Sundry Trade Expenses Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 20

Cash

 

250

April 30

Balance c/d

 

250

 

 

 

250

 

 

 

250

 

 

 

 

 

 

 

 

                   

 

 

Rent Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 25

Cash

 

450

April 30

Balance c/d

 

450

 

 

 

450

 

 

 

450

 

 

 

 

 

 

 

 

                   

 

 

 

Romy

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 29

Sales

 

4,750

April 30

Balance c/d

 

4,750

 

 

 

4,750

 

 

 

4,750

 

 

 

 

 

 

 

 

                   

 

 

Carriage Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 30

Cash

 

50

April 30

Balance c/d

 

50

 

 

 

50

 

 

 

50

 

 

 

 

 

 

 

 

                   

 

Output IGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

       

April 07

Amit

 

3,000

       

 

 

 

 

       

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

 

Output CGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 16

Cash

 

1,000

April 30

Balance c/d

 

1,000

 

 

 

1,000

 

 

 

1,000

 

 

 

 

 

 

 

 

                   

 

 

Output SGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 20

Cash

 

250

April 30

Balance c/d

 

250

 

 

 

250

 

 

 

250

 

 

 

 

 

 

 

 

                   

 

 

Input IGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 25

Cash

 

450

April 30

Balance c/d

 

450

 

 

 

450

 

 

 

450

 

 

 

 

 

 

 

 

                   

 

 

 

Input CGST Account

Dr.

 

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 05 Bank   3,000        
April 09 Parvat   3,060        

April 09

 

 

 

April 30

Balance c/d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

 

Input SGST Account

Dr

 

Cr

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

 

 

 

2018

 

 

 

April 05 Bank   3,000        

April 09

Parvat

 

3,060

April 30

Balance c/d

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

                   

 

 

Trial Balance

as on April 30, 2018

Accountt Title

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Cash

 

1,750

 

Capital

 

 

40,000

Purchases

 

12,450

 

Bank

 

30,500

 

Sales

 

 

10,000

Parvat

 

 

1,100

Discount Allowed

 

50

 

Discount Received

 

 

150

Drawings

 

1,000

 

Sundry Trade Expenses

 

250

 

Rent

 

450

 

Romy

 

4,750

 

Carriage

 

50

 

 

 

51,250

51,250

 

 

 

 

 


Accountancy
T.S. Grewal (2018)
Standard XI

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