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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

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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


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