TS Grewal Accountancy Class 11 Solution Chapter 6 Ledger

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Question 1:

On 1st April, 2018, Mohit started business with a capital of Rs. 50,000. He made the following transactions:

2018		(Rs)
April 03	Purchased goods from Rita on credit for	20,000
April 04	Cash paid to Rita	10,000
April 06	Goods sold to Rohit	25,000
April 08	Received cash from Rohit	20,000
April 12	Goods purchased from Rita	12,000
April 18	Cash paid to Rita	20,000
April 25	Goods sold to Rohit	10,000
April 30	Received cash from Rohit	6,000

You are required to journalise the above transactions and show the respective Ledger accounts.

Answer 1:

Statement showing Journal of Mohit

Books of Mr Mohit Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2018
Apr.01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Being started Business with cash by Mohit)

Apr.03	Purchases A/c	Dr.		20,000
	To Rita’s A/c				20,000
	(Being purchased goods on credit)

Apr.04	Rita’s A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being amount paid to Rita)

Apr.06	Rohit’s A/c	Dr.		25,000
	To Sales A/c				25,000
	(Being material sold on credit)

Apr.08	Cash A/c	Dr.		20,000
	To Rohit’s A/c				20,000
	(Being amount received from Rohit)

Apr.12	Purchases A/c	Dr.		12,000
	To Rita’s A/c				12,000
	(Being material purchased on credit)

Apr.18	Rita’s A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being cash amount paid to Rita)

Apr.25	Rohit’s A/c	Dr.		10,000
	To Sales A/c				10,000
	(Being material sold to Rohit)

Apr.30	Cash A/c	Dr.		6,000
	To Rohit’s A/c				6,000
	(Being amount received from Rohit)

Following are the ledgers shown in the books of Mohit

Cash Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.01	To Capital A/c		50,000	Apr.04	By Rita’s A/c		10,000
Apr.08	To Rohit’s A/c		20,000	Apr.18	By Rita’s A/c		20,000
Apr.30	To Rohit’s A/c		6,000	Apr.30	By Balance c/d		46,000


			76,000				76,000
May.01	Balance b/d		46,000

Capital Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.30	To Balance c/d		50,000	Apr.01	By Cash A/c		50,000

			50,000				50,000
				May.01	By Balance b/d		50,000

Purchases Account
Dr.								Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Apr.03	To Rita’s A/c		20,000	Apr.30	By Balance c/d		32,000
Apr.12	To Rita’s A/c		12,000

			32,000				32,000
May.01	To Balance b/d		32,000

Rita’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

Apr.04

To Cash A/c

10,000

Apr.03

By Purchases A/c

20,000

Apr.18

To Cash A/c

20,000

Apr.12

By Purchases A/c

12,000

Apr.30

To Balance c/d

2,000

32,000

May.01

Balance b/d

2,000

Rohit’s Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

Apr.06

To Sales A/c

25,000

Apr.08

By Cash A/c

20,000

Apr.25

To Sales A/c

10,000

Apr.30

By Cash A/c

6,000

Apr.30

By Balance c/d

9,000

35,000

May.01

To Balance b/d

9,000

Sales Account

Dr.

Cr.

Date

Particulars

J.F.

Amount

(Rs)

Date

Particulars

J.F.

Amount

(Rs)

2018

Apr.30

To Balance c/d

35,000

Apr.06

By Rohit’s A/c

25,000

Apr.25

By Rohit’s A/c

10,000

35,000

May.01

Balance b/d

35,000

Point of Knowledge:-

(1) If the debit side total is more than the credit side total write the difference on the credit side as “By Balance c/d”.

(2) If the credit side total is more than the debit side total write the difference on the credit side as “To Balance c/d”.

Question 2:

Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash Rs. 1, 00,000. His other transactions during the month were as follows:

2018		(Rs)
Jan 1	Started business with cash	1,00,000
Jan 2	Bought goods for cash	20,000
Jan 3	Sold goods for cash	7,000
Jan 15	Sold goods to Shravan, Delhi	6,000
Jan 18	Bought goods on credit from Anurag, Kanpur	60,000
Jan 19	Goods returned to Anurag	5,000
Jan 20	Sold goods for cash	30,000
Jan 22	Paid electricity bill	1,000
Jan 28	Paid for telephone bill	500
Jan 29	Paid rent	800
Jan 31	Paid wages	3000

Enter the above transactions in his books of account

Answer 2:

Statement showing Journal of Suresh, Kanpur

Books of Mr. Suresh Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2018
Jan 01	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Being business commenced with cash)

Jan 02	Purchases A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being stock purchased in cash)

Jan 03	Cash A/c	Dr.		7,000
	To Sales A/c				7,000
	(Being stock sold for cash)

Jan 15	Shravan’s A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being material sold to Shravan on credit )

Jan 18	Purchases A/c	Dr.		50,000
	To Anurag’s A/c				50,000
	(Being Stock purchased from Anurag von credit)

Jan 19	Anurag’s A/c	Dr.		5,000
	To Purchases Return A/c				5,000
	(Being purchases returned by Anurag)

Jan 20	Cash A/c	Dr.		30,000
	To Sales A/c				30,000
	(Being material sold for cash)

Jan 22	Electricity Expenses A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being Bill of electricity was paid)

Jan 28	Telephone Expenses A/c	Dr.		500
	To Cash A/c				500
	(Being amount of telephone bill was paid)

Jan 29	Rent A/c	Dr.		800
	To Cash A/c				800
	(Being rent paid to landlord)

Jan 31	Wages A/c	Dr.		3,000
	To Cash A/c				3,000
	(Being wages paid in cash)

Following are the ledgers shown in the books of Suresh, Kanpur

Cash Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 01	To Capital A/c		1,00,000	Jan 02	By Purchases A/c		20,000
Jan 03	To Sales A/c		7,000	Jan 22	By Electricity Expenses A/c		1,000
Jan 20	To Sales A/c		30,000	Jan 28	By Telephone Expenses A/c		500
				Jan 29	By Rent A/c		800
				Jan 31	By Wages A/c		3,000
				Jan 31	By Balance c/d		1,11,700
			1,37,000				1,37,000

Capital Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 01	To Cash A/c		1,00,000	Jan 31	By Balance c/d		1,00,000

			1,00,000				1,00,000

Purchases Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 02	To Cash A/c		20,000	Jan 31	By Balance c/d		70,000
Jan 18	To Anurag’s A/c		50,000

			70,000				70,000

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 31	To Balance c/d		43,000	Jan 03	By Cash A/c		7,000
				Jan 15	By Shravan’s A/c		6,000
				Jan 20	By Cash A/c		30,000
			43,000				43,000

Shravan Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 15	To Sales A/c		6,000	Jan 31	By Balance c/d		6,000

			6,000				6,000

Anurag Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 19	To Purchases Return A/c		5,000	Jan 18	By Purchases A/c		50,000
Jan 31	To Balance c/d		45,000

			50,000				50,000

Purchases Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 31	To Balance c/d		5,000	Jan 19	By Anurag’s A/c		5,000

			5,000				5,000

Electricity Expenses Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 22	To Cash A/c		1,000	Jan 31	By Balance c/d		1,000

			1,000				1,000
&nbsnbsp;

Telephone Expenses Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 28	To Cash A/c		500	Jan 31	By Balance c/d		500

			500				500

Rent Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 29	To Cash A/c		800	Jan 31	By Balance c/d		800

			800				800

Wages Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
Jan 31	To Cash A/c		3,000	Jan 31	By Balance c/d		3,000

			3,000				3,000

Point of Knowledge:

(i) As Sales made on Jan. 15 is on credit so the Assets (debtors) will increases.

(ii) As Purchases made on Jan. 18 is on credit so the liability (creditor) will increases.

Question 3:

Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:

2018		(Rs)
Jan. 1	Started business with cash*	1,00,000
Jan. 3	Bought goods on credit from Gupta & Co., Delhi	20,000
Jan. 5	Cash sales	5,000
Jan. 8	Cash purchases	8,000
Jan. 10	Sold goods to Ahmed & Co., Lucknow	10,000
Jan. 11	Deposited cash in bank*	50,000
Jan. 13	Purchased a computer for office	20,000
Jan. 15	Took a loan from Mehboob*	70,000
Jan. 16	Goods returned by Ahmed & Co.	2,000
Jan. 17	Purchased furniture from Mehfil Mart, Kolkata	10,000
Jan. 18	Paid interest to Mehboob*	2,000
Jan. 19	Received claim from Ahmed & Co. for defects in goods supplied to them. Claim was accepted and rebate was allowed.*	1,000
Jan. 22	Paid rent by cheque	2,000
Jan. 24	Withdrew from bank*	20,000
Jan. 25	Sales of goods at counter after allowing trade discount of 10%	10,000
Jan. 26	Goods purchased from Gupta & Co., Delhi were destroyed by accident	10,000
Jan. 27	Advertisement expenses paid through bank	5,000
Jan. 28	Ahmed & Co. settled their account by cheque*	7,000
Jan. 29	Paid to Gupta & Co. by cheque*	18,000
	Discount allowed by them*	2,000
Jan. 31	Sold old newspapers	500

Intra-state transactions are subject to levy of CGST and SGST @ 6% each whereas inter-state transactions are subject to levy of IGST @ 12%. Out of the above transactions, transactions marked (*) are not subject to levy of GST.

Answer 3:

Statement showing Journal of Afjal, Kolkata

In the books of Afjal Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2018
Jan.01	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Being started Business with cash by Afjal)

Jan.03	Purchases A/c	Dr.		20,000
	Input IGST A/c	Dr.		2,400
	To Gupta & Co.’s A/c				22,400
	(Being Stock purchased on credit and @ 12% IGST applied)

Jan.05	Cash A/c	Dr.		5,600
	To Sales A/c				5,000
	To Output CGST A/c				300
	To Output SGST A/c				300
	(Being sold material for cash and @ 6% CGST & SGST applied)

Jan.08	Purchases	Dr.		8,000
	Input CGST A/c	Dr.		480
	Input SGST A/c	Dr.		480
	To Cash A/c				8,960
	(Being Stock purchased for cash @ 6% CGST & SGST paid)

Jan.10	Ahmed & Co.	Dr.		11,200
	To Sales A/c				10,000
	To Output IGST A/c				1,200
	(Being sold material on credit and @ 12% IGST charged)

Jan.11	Bank A/c	Dr.		50,000
	To Cash A/c				50,000
	(Being amount deposited into bank)

Jan.13	Computers A/c	Dr.		20,000
	Input CGST A/c	Dr.		1,200
	Input SGST A/c	Dr.		1,200
	To Cash A/c				22,400
	(Being purchased Computers for office and @ 6% CGST and SGST paid)

Jan.15	Cash A/c	Dr.		70,000
	To Loan from Mehboob A/c				70,000
	(Being Loan taken)

Jan.16	Sales Return A/c	Dr.		2,000
	Output IGST A/c	Dr.		240
	To Ahmed & Co. A/c				2,240
	(Being sold goods returned by Ahmed & Co.)

Jan.17	Furniture A/c	Dr.		10,000
	Input CGST A/c	Dr.		600
	Input SGST A/c	Dr.		600	11,200
	To Mehfil Mart’s A/c
	(Being purchased furniture on credit and @ 6% CGST and SGST paid)

Jan.18	Interest on Loan A/c	Dr.		2,000
	To Cash A/c				2,000
	(Being Interest paid to Mehboob)

Jan.19	Insurance Claim A/c	Dr.		1,000
	To Ahmed & Company’s A/c				1,000
	(Being Insurance Claim due)

Jan.22	Rent A/c	Dr.		2,000
	Input CGST A/c	Dr.		120
	Input SGST A/c	Dr.		120	2,240
	To Bank A/c
	(Being rent paid to landlord & 6% CGST and SGST paid)

Jan.24	Cash A/c	Dr.		20,000
	To Bank A/c				20,000
	(Being amount withdrawn from bank)

Jan.25	Cash A/c	Dr.		10,080
	To Sales A/c				9,000
	To Output CGST A/c				540
	To Output SGST A/c				540
	(Being material sold for cash and @ 6% CGST and SGST paid)

Jan.26	Loss by Accident A/c	Dr.		11,200
	To Purchases A/c				10,000
	To Input IGST A/c				1,200
	(Being goods lost and IGST reversed )

Jan.27	Advertisement A/c	Dr.		5,000
	Input CGST A/c	Dr.		300
	Input SGST A/c	Dr.		300
	To Bank A/c				5,600
	(Being amount paid for advertisement with 6% IGST paid)

Jan.28	Bank A/c	Dr.		7,000
	Discount Allowed A/c	Dr.		960
	To Ahmed & Company A/c				7,960
	(Being amount received from Ahmed & Co. in full settlement& discount allowed)

Jan.29	Gupta & Company A/c	Dr.		20,000
	To Bank A/c				18,000
	To Discount Received A/c				2,000
	(Being amount paid to Gupta & Company)

Jan.31	Cash A/c	Dr.		560
	To Sundry Income A/c				500
	To Output CGST A/c				30
	To Output SGST A/c				30
	(Being amount received with 6% IGST)

Following are the ledgers shown in the books of Afjal, Kolkata


Cash Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.01	To Capital A/c		1,00,000	Jan.08	By Purchases A/c		8,960
Jan.05	To Sales A/c		5,000	Jan.11	By Bank A/c		50,000
Jan.15	To Loan A/c		70,000	Jan.13	By Computer A/c		22,400
Jan.24	To Bank A/c		20,000	Jan.18	By Interest on Loan A/c		2,000
Jan.25	To Sales A/c		10,080	Jan.31	By Balance c/d		1,22,280
Jan.31	To Sundry income A/c		560

			2,05,640				2,05,640
Feb.01	To Balance b/d		1,22,280

Purchases Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.03	To Gupta & Company A/c		20,000	Jan.26	By Loss by Accident A/c		10,000
Jan.08	To Cash A/c		8,000	Jan.31	By Balance c/d		18,000

			28,000				28,000
Feb.01	By Balance b/d		18,000

Capital Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.31	To Balance c/d		1,00,000	Jan.01	By Cash A/c		1,00,000

			1,00,000				1,00,000
				Feb.01	By Balance b/d		1,00,000

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.31	To Balance c/d		24,000	Jan.05	By Cash A/c		5,000
				Jan.10	By Ahmed & Company A/c		10,000
				Jan.25	By Cash A/c		9,000

			24,000				24,000
				Feb.01	By Balance b/d		24,000

Gupta & Company
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.29	To Bank A/c		18,000	Jan.03	By Purchases A/c		20,000
Jan.29	To Discount Received A/c		2,000	Jan.03	By Input IGST A/c		2,400
Jan.29	To Balance c/d		2,400
			22,400				22,400

Ahmed & Company Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.10	To Sales A/c		10,000	Jan.16	By Sales returns A/c		2,000
Jan.10	To Output IGST A/c		1,200	Jan.16	By Output IGST A/c		240
				Jan.19	By Insurance claim A/c		1,000
				Jan.28	By Bank A/c		7,000
				Jan.28	By Discount Allowed A/c		960

			11,200				11,200

Bank Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.11	To Cash A/c		50,000	Jan.22	By Rent A/c		2,240
Jan.28	To Ahmed & Co A/c		7,000	Jan.24	By Cash A/c		20,000
				Jan.27	By Advertisement A/c		5,600
				Jan.29	By Gupta & Co A/c		18,000
				Jan.31	By Balance c/d		11,160

			57,000				57,000
Feb.01	Balance b/d		11,160

Computers Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.13	To Cash A/c		20,000	Jan.31	By Balance c/d		20,000

			20,000				20,000
Feb.01	To Balance b/d		20,000

Loan Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.31	To Balance c/d		70,000	Jan.15	By Cash A/c		70,000

			70,000				70,000
				Feb.01	By Balance b/d		70,000

Insurance Claim Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.19	To Ahmed & Co A/c		1,000	Jan.31	By Balance c/d		1,000

			1,000				1,000
Feb.01	To Balance b/d		1,000

Rent Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.22	To Bank A/c		2,000	Jan.31	By Balance c/d		2,000

			2,000				2,000
Feb.01	To Balance b/d		2,000

Loss by Accident Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (Rs)	Date	Particulars	J.F.	Amount (Rs)
2018				2018
Jan.26	To Purchases A/c		10,000	Jan.31	By Balance c/d		11,200
Jan.26	To Input IGST A/c		1,200
			11,200