TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q1. On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following
transactions during the month of April:

2019 ₹
April 3 Purchased goods from Rita, Delhi on credit 20,000
for
April 4 Cash paid to Rita 10,000
April 6 Goods sold to Rohit, Chandigarh 25,000
April 8 Received cash from Rohit 20,000
April
Goods purchased from Rita 12,000
12
April
Cash paid to Rita 20,000
18
April
Goods sold to Rohit, Chandigarh 10,000
25
April Received cash from Rohit 6,000
30

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

The solution for this question is as follows:

TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Rohit
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Apr.06 Sales A/c 25,000 Apr.08 Cash A/c 20,000
Apr.25 Sales A/c 10,000 Apr.30 Cash A/c 6,000

Apr.30 Balance c/d 9,000

35,000 35,000

May.01 Balance b/d 9,000

Sales Account
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019

Apr.30 Balance c/d 35,000 Apr.06 Rohit 25,000

Apr.25 Rohit 10,000

35,000 35,000

May.01 Balance b/d 35,000

 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.2 Suresh, Kanpur commenced business on 1st January, 2019 introducing capital in cash ₹ 1,00,000.
His other transactions during the month were as follows:

2019 ₹
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 50,000
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.

TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.3 Journalise the following transactions in the books of Afzal, Kolkata and post them to the Ledger:

2019 ₹
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 1,000
them.
Claim was accepted and rebate was allowed.
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
Goods purchased from Gupta & Co., Delhi were destroyed by
Jan. 26 10,000
accident
Jan. 27 Advertisement expenses paid through bank 5,000
Jan. 28 Ahmed & Co. settled their account by cheque 7,000
Paid the due amount to Gupta & Co. by cheque after availing
Jan. 29
discount of ₹ 800
Jan. 31 Sold old newspapers 500
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Bank Account
Dr. Cr.

Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019

Jan.11 Cash 50,000 Jan.22 Rent 2,000

Jan.28 Ahmed & Company 7,000 Jan.24 Cash 20,000

Jan.27 Advertisement 5,000

Jan.29 Gupta & Company 19,200

Jan.31 Balance c/d 10,800

57,000 57,000

Feb.01 Balance b/d 10,800

Computers Account
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.13 Cash 20,000 Jan.31 Balance c/d 20,000

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

Loan from Mehboob

Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.31 Balance c/d 70,000 Jan.15 Cash 70,000

70,000 70,000

Feb.01 Balance b/d 70,000

 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Insurance Claim Account

Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.19 Ahmed & Company 1,000 Jan.31 Balance c/d 1,000

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

Rent Account
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.22 Bank 2,000 Jan.31 Balance c/d 2,000

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

Loss by Accident Account

Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019

Jan.26 Purchases 10,000 Jan.31 Balance c/d 11,200

10,000 10,000
Feb.01 Balance b/d 10,000

Advertisement Account
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.27 Bank 5,000 Jan.31 Balance c/d 5,000

5,000 5,000
Feb.01 Balance b/d 5,000
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Sales Returns Account

Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.16 Ahmed & Company 2,000 Jan.31 Balance c/d 2,000

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

Mehfil Mart
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.17 Mehfil Mart 10,000 Jan.31 Balance c/d 10,000

10,000 10,000

Feb.01 Balance b/d 10,000

Furniture Account
Dr. Cr.
Amount Amount
Date Particulars J.F. Date Particulars J.F.
(₹) (₹)
2019 2019
Jan.31 Balance c/d 10,000 Jan.17 Furniture 10,000

10,000 10,000

Feb.01 Balance b/d 10,000

TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

4. Pass Journal entries of M/s Bhanu Traders, Delhi from the following transactions. Post them to the
Ledger:

2019 ₹
April 1 Commenced business with cash 1,50,000
April 2 Opened a bank account with PNB 50,000
April 3 Purchased furniture 20,000
April 7 Bought goods for cash from M/s. Rupa Traders, Delhi 30,000
April 8 Purchased goods from M/s. Hema Traders, Chandigarh 42,000
April 30,000
Cash sales
10
April 12,000
Sold goods on credit to M/s. Gupta Traders, Kolkata
14
April 4,000
Rent paid
16
April 1,000
Paid Electricity expenses
18
April 12,000
Received cash from Gupta Traders
20
April 2,000
Goods returned to Hema Traders
22
April 40,000
Cash paid to Hema Traders
23
April 100
Bought postage stamps
25
April
Paid salary to Mohan
30 4,000
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Journal
Debit Credit
Date Particulars L.F. Amount Amount
(₹) (₹)
2019
Apr-01 Cash A/c Dr. 1,50,000
To Capital A/c 1,50,000
(Started business
with cash)

Apr-02 Bank A/c Dr. 50,000

To Cash A/c 50,000
(Opened Bank A/c)

Apr-03 Furniture A/c Dr. 20,000

To Cash A/c 20,000
(Furniture
purchased)

Apr-07 Purchases A/c Dr. 30,000

To Cash A/c 30,000
(Goods purchased)

Apr-08 Purchases A/c Dr. 42,000

To M/s Hema Traders A/c 42,000
(Goods purchased)

Apr-10 Cash A/c Dr. 30,000

To Sales A/c 30,000
(Goods sold)

M/s Gupta Traders

Apr-14 Dr. 12,000
A/c
To Sales A/c 12,000
(Goods sold)

Apr-16 Rent A/c Dr. 4,000

To Cash A/c 4,000
(Rent paid)

Electricity
Apr-18 Dr. 1,000
Expenses A/c
To Cash A/c 1,000
(Paid electricity
expenses)

Apr-20 Cash A/c Dr. 12,000

To Gupta Traders
12,000
A/c
(Cash received from Gupta Traders)

Apr-22 Hema Traders A/c Dr. 2,000

To Purchases
2,000
Return A/c
(Goods returned)

Apr-23 Hema Traders A/c Dr. 40,000

To Cash A/c 40,000
(Cash paid)

Apr-25 Postage A/c Dr. 100

To Cash A/c 100
(Bought postage
stamps)

Apr-30 Salary A/c Dr. 4,000

To Cash A/c 4,000
(Paid salary)
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.5 Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta),
Delhi and post them to the Ledger:
2019 ₹
March 1 Started business with cash 2,00,000
March 2 Opened bank account with SBI 80,000
March 4 Goods purchased from Raj, Jaipur (Rajasthan) 22,000
March 5 Goods purchased for cash 30,000
March 8 Goods sold to Naman, Delhi 12,000
March 10 Cash paid to Raj 22,000
March 15 Cash received from Naman 11,700
Discount allowed 300
March 16 Paid wages 200
March 18 Furniture purchased for office use 5,000
March 20 Withdrawn from bank for personal use 4,000
March 22 Issued cheque for rent 3,000
Goods taken for household purpose. These goods were purchased
March 23 2,000
from Raj
March 24 Drawn cash from bank for office use 6,000
March 26 Commission received 1,000
March 27 Bank charges 300
March 28 Cheque issued for life insurance premium of Proprietor 3,000
March 29 Paid salary 10,000
March 30 Cash sales 20,000
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.6 Following balances appeared in the books of Ashok, Delhi on 1st April, 2019:
Assets: Cash ₹ 50,000; Stock ₹ 30,000; Debtors − Ram ₹ 50,000; Machinery ₹ 60,000.
Liabilities: Creditor − Rajesh ₹ 30,000.
The following transactions took place in April, 2019:
2019 ₹
April 4 Sold goods for cash 7,000
April 6 Goods returned by Ram, Delhi 1,000
April 10 Purchased goods from Rajesh, Jaipur (Rajasthan) of list price ₹ 10,000 9,000
for
April 15 Bought goods of list price of ₹ 15,000 from Rakesh, Kolkata less 10%
trade
discount and 5% cash discount and paid 40% of amount immediately
April 20 Paid to Rajesh in full settlement of his account* 38,600
April 25 Paid for the life insurance premium of the proprietor* 500
April 30 Received commission (Including CGST and SGST @ 6% each) 2,000

CGST and SGST @ 6% each is levied on intra-state transactions and IGST is levied @ 12% on inter-state
transactions. Transactions marked with (*) are not subject to levy of GST.
Pass Journal entries for the above transaction, post them into the Ledger and prepare the Trial Balance
on 30th April, 2019.
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.7 On 1st April, 2019, the following were Ledger balances of M/s. Ram & Co., Delhi:
Cash in Hand ₹ 300; Cash at Bank ₹ 7,000; Bills Payable ₹ 1,000; Zahir (Dr.) ₹ 800; Stock ₹ 4,000; Gobind
(Cr.) ₹ 2,000; Sharma (Dr.) ₹ 1,500; Rahul (Cr.) ₹ 900; Capital ₹ 9,700.

Transactions during the month of April, 2019 were:

2019 ₹
April 2 Bought goods from Gobind, Delhi 900
April 3 Sold goods to Sharma, Kanpur 1,000
April 5 Bought goods from Rahul, Delhi 1,200
April 8 Sold goods to Zahir, Kolkata 500
April 15 Paid Gobind by cheque on account* 1,500
April 18 Received from Sharma a cheque of 2,000
Allowed him discount* 50
April 20 Sold goods to Sharma, Kanpur 800
April 20 Paid rent by cheque 200
April 25 Sold goods to Zahir, Kolkata 1,000
April 30 Paid salaries in cash* 300

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Post the above transactions to the Ledger and prepare the Trial Balance on 30th April, 2019.
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.8 You are to open the books of Rajesh Prabhu, Gurugram (Haryana) a trader, through the Journal to
record the assets and liabilities and then post the transactions to the Ledger for the month of April, 2019.

2019
April 1 Assets: Premises ₹ 2,00,000; Delivery Van ₹ 50,000; Fixtures ₹ 5,000; Stock ₹ 75,000; Debtors:
Hariharan ₹ 30,000;
Rajhans ₹ 50,000; Cash at Bank ₹ 45,000; Cash in Hand ₹ 30,000
Liabilities: Creditors: Jawahar ₹ 1,00,000; Vikas ₹ 45,000; Telephone Expenses Payable ₹ 4,000;
Output CGST ₹ 240; Output SGST ₹ 240; Electricity Expenses Payable ₹ 4,520; Salaries Payable
₹ 7,000.
April 1 Paid rent by cheque ₹ 5,000
Goods purchased on credit from Prabhat, Delhi ₹ 15,000; Rajan, Delhi ₹ 8,000; Passi, Delhi ₹
April 2
7,000
April 3 Goods sold on credit to Rakesh, Gurugram ₹ 17,000; Devender, Delhi ₹ 25,000;
Paid Telephone Expenses payable by Cheque*
April 4 Paid the bill of petrol expenses for Delivery Van ₹ 5,700*
April 5 Cash drawings by Rajesh Prabhu ₹ 4,000*
April 7 Paid salaries for the month of March, 2019 ₹ 7,000*
April 9 Cash sales ₹ 5,000
April 11 Goods returned by Rakesh ₹ 5,000; Devender ₹ 1,000
April 12 Received cheques from debtors: Hariharan ₹ 20,000; Rajhans ₹ 40,000*
April 16 Goods returned to Prabhat ₹ 4,000; Rajan ₹ 1,000
April 20 Cheques issued to creditors: Jawahar ₹ 50,000; Vikas ₹ 10,000*
April 22 Received cheques from Hariharan ₹ 10,000; Rajhans ₹ 10,000; Rakesh ₹ 10,000; Devender ₹
5,000;
Cheques received from Rakesh and Devender are dated 25th May, 2019*.
April 24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.*
April 25 Received cash from Devender in full settlement ₹ 21,000*

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Trial Balance
as on April,30,2019
S. No. Particulars DEBIT CREDIT

1 Cash A/c 39,900

2 Bank A/c 70,273
3 Stock A/c 75,000
4 Fixtures A/c 5,000
5 Premises 20,00,000
6 Delivery Van 50,000
7 Jawahar 50,000
8 Vikas 35,000
9 Capital A/c 3,24,000

10 Purchases A/c 30,000

11 Electricity Expenses Payable A/c 4,520

12 Sales A/c 47,000

13 Delivery Van Expenses A/c 5,700

14 Rent A/c 5,000

15 Prabhat 12,320

16 Rajan 7,840

17 Passi 7,840
18 Rakesh 3,440

19 Discount Allowed A/c 880

20 Discounting Charges 127

21 Purchses Return A/c 5,000

22 Sales Return A/c 6,000

23 Drawings A/c 4,000

24.. Input IGST A/c 3,000

25 Input CGST A/c 300

26 Input SGST A/c 300

27 Output IGST A/c 2,880

28 Output CGST A/c 1,260

29 Output SGST A/c 1,260

4,98,920 4,98,920
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.9 Enter the following transactions in the Journal of M/s. Karim Bros., Prop. Shri Karim Khan, Kolkata,
post to the Ledger:

2019 ₹

April Assets: Cash in Hand ₹ 20,000; Cash at Bank ₹ 35,000; Stock ₹ 15,000;
1
Furniture ₹ 4,500;
Input SGST ₹ 5,000; Input IGST ₹ 2,000
Debtors: Poonam ₹ 20,000; Sonu ₹ 10,000
Liabilities Creditors: Ashok ₹ 13,500; Pankaj ₹ 21,500
April 5,000
Purchased goods from Pankaj, Kolkata
4
April 13,000
Paid to Ashok by cheque in full settlement of his account*
7
April 11,000
Sold goods to Poonam, Delhi
10
April 15,000
Purchased goods from Ashok, Delhi
12
April Sold goods to Sonu, Kanpur 6,000
15
April Received cheque from Poonam on account* 24,500
18
Allowed her discount* 500
April 1,200
Paid for stationery
25
April 3,500
Paid telephone bill by cheque
27
April Paid salaries* 6,000
30

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Journal
Debit Credit
Date Particulars L.F. Amount Amount
(₹) (₹)
2019
Apr.01 Cash A/c Dr. 20,000
Bank A/c Dr. 35,000
Stock A/c Dr. 15,000
Furniture A/c Dr. 4,500
Poonam Dr. 20,000
Sonu Dr. 10,000
Input SGST Dr. 5,000
Input IGST Dr. 2,000

To Ashok 13,500

To Pankaj 21,500
To Capital A/c 76,500

(Opening entry made)

Apr.04 Purchases A/c Dr. 5,000

Input CGST A/c Dr. 300

Input SGST A/c Dr. 300

To Pankaj 5,600

(Goods purchased from Pankaj on credit plus 6% Intra State GST)

Apr.07 Ashok Dr. 13,500

To Bank A/c 13,000
To Discount Received A/c 500
(Payment made to Ashok)

Apr.10 Poonam Dr. 12,320

To Sales A/c 11,000
To Output IGST A/c 1,320

(Goods sold to Poonam on credit plus 12% inter state GST)

Apr.12 Purchases A/c Dr. 15,000

Input IGST A/c Dr. 1,800
To Ashok 16,800
(Goods purchased from Ashok on Credit plus 12% inter state GST)

Apr.15 Sonu Dr. 6,720

To Sales A/c 6,000

To Output IGST A/c 720

(Goods sold to Sonu on credit plus 12% inter state GST)

Apr.18 Bank A/c Dr. 24,500

Discount Allowed A/c Dr. 500
To Poonam 25,000
(Payment received from Poonam)

Apr.25 Stationery A/c Dr. 1,200

Input CGST A/c Dr. 72
Input SGST A/c Dr. 72

To Cash A/c 1,344

(Stationery purchased in cash plus 6% intra state GST)

Apr.27 Telephone Bill A/c Dr. 3,500

Input CGST A/c Dr. 210

Input SGST A/c Dr. 210

To Bank A/c 3,920
(Rent paid by cheque plus 6% intra state GST)

Apr.30 Salaries A/c Dr. 6,000

To Cash A/c 6,000

(Salaries paid )
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.10 Shri S. K. Gupta, Chandigarh commenced business on 1st April, 2019 with a capital of ₹ 1,20,000 of
which ₹ 60,000 was paid into his Bank Account and balance retained as cash. His other transactions
during the month were as follows:

2019 ₹
April 2 Bought office furniture 20,000
April 5 Purchased goods 16,000
April 8 Purchased goods from Ramesh, Chandigarh 11,000
April 12 Sold goods to Sameer, Delhi 21,000
April 13 Purchased stationery for cash 1,800
April 13 Paid to Ramesh in cash on account* 10,000
Discount allowed by him* 1,000
April 17 Withdrawn cash for office use* 4,000
April 18 Sen of Chandigarh sold goods to S.K. Gupta 30,000
April 19 Cash received from Sameer on account* 20,000
Allowed him discount* 1,000
April 20 Sold to Raj Banwari, Delhi 40,000
April 28 Cash sales 1,400
April 30 Paid salary by cheque* 8,000
April 30 Paid rent by cheque 5,000
April 30 Paid telephone expenses by cheque 2,000
April 30 Paid cash into bank* 2,000

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
Journalise the above transactions and post them to the Ledger.
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Q.11 Journalise the following transactions in the books of Shri Manoj, Kolkata and prepare Ledger
Accounts.
Opening Debit Balances:
Cash in Hand ₹ 15,000; Cash at Bank ₹ 55,000; Stock ₹ 28,000; Debtors ₹ 25,000 (Sunil ₹ 5,000; Abhay ₹
10,000 and Alok ₹ 10,000); Fixed Assets: Computer and Printer ₹ 50,000; Furniture ₹ 10,000; Delivery
Van ₹ 25,000.

Opening Credit Balances:

Bank Loan ₹ 90,000; Salaries Outstanding ₹ 15,000; Creditors ₹ 20,000; Bills Payable ₹ 10,000; Capital ₹
73,000.

Transactions for the month of April, 2019 were :

(i) Purchased goods from M/s Prabhat Electricals, Delhi ₹ 10,000 less 10% Trade Discount. Cheque was
issued immediately and availed 2% Cash Discount on purchase price.
(ii) Cheque was received from Abhay for the balance allowing him discount of 2%*.
(iii) Cheque was received from Alok for the balance due* .
(iv) Sunil was unable to pay the full dues and offered to pay 75%, which was accepted. Cheque was duly
received*.
(v) Gave goods costing ₹ 1,000 as charity. These goods were purchased in Kolkata.
(vi) In a competition held by the RWA where the shop is located an electric iron costing ₹ 500 was given
as an award. It had been purchased from Prabhat Electricals, Delhi.
(vii) A debt of ₹ 10,000 that was written off as bad debt in the past was received*.
(viii) Salaries amounting to ₹ 15,000 provided in the books for the month of March, 2019 were paid
through cheque*.
(ix) Sales for the month were: Cash Sales ₹ 15,00,000 (Intra-state) and Credit Sales ₹ 3,00,000 (Inter-state).
(x) Purchases for the month were: Cash Purchases ₹ 1,00,000 (Intra-state) and Credit Purchases (Inter-
state) ₹ 9,00,000.
Cheques Received from Debtors ₹ 2,00,000; Deposited Cash ₹ 15,00,000.
(xi) Paid to creditors through cheques ₹ 8,90,000*.
(xii) Bank Loan repaid during the month ₹ 20,000*.

Inter-state transactions are subject to levy of IGST @ 12% and Intra-state transactions are subject to levy
of CGST and SGST @ 6% each. GST is not levied on transactions marked with (*).
 TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger

Journal of Shri Manoj, Kolkata

Debit Credit
Date Particulars L.F. Amount Amount
(₹) (₹)
2019
Apr-01 Cash A/c Dr. 15,000
Bank A/c Dr. 55,000
Stock A/c Dr. 28,000
Sunil Dr. 5,000
Abhay Dr. 10,000
Alok Dr. 10,000
Computer and Printer
Dr. 50,000
A/c
Furniture A/c Dr. 10,000
Delivery Van A/c Dr. 25,000
To Bank Loan 90,000
To Salaries
15,000
Outstanding A/c
To Creditors A/c 20,000
To Bills payable A/c 10,000
To Capital 73,000
(Being opening entry
passed)

(i) Purchases A/c Dr. 9,000

Input IGST A/c Dr. 1,080
To Bank A/c 9,900
To Discount Received
180
A/c
(Being goods purchased
plus 6% intra-state GST
and availed discount)

(ii) Bank A/c Dr. 9,800

Discount Allowed A/c Dr. 200
To Abhay 10,000
(Being amount received
and discount allocated)

(iii) Bank A/c Dr. 10,000

To Alok 10,000
(Being cheque received
on account)

(iv) Bank A/c Dr. 3,750

Bad Debts A/c Dr. 1,250
To Sunil 5,000
(Being cheque received
for part and balance
turned bad.)

(v) Charity A/c Dr. 1,120

To Purchaser A/c 1,000
To Input CGST A/c 60
To Input SGST A/c 60
(Being goods given as charity and GST reversed)

(vi) Advertisements A/c Dr. 560

To Purchases A/c 500
To Input IGST A/c 60
(Being goods given as an award and GST reversed)

(vii) Cash A/c Dr. 10,000

To Bad Debts Recovered A/c 10,000
(Being bad debts recovered)

Salaries Outstanding
(viii) Dr. 15,000
A/c
To Bank A/c 15,000

(Being outstanding paid by cheque)

(ix) Cash A/c Dr. 16,80,000

To Sales A/c 15,00,000
To Output CGST A/c 90,000
To Output SGST A/c 90,000

(Being cash sales at 6% intra-state GST)

Debtors' A/c Dr. 3,36,000

To Sales A/c 3,00,000
To Output IGST A/c 36,000
(Being inter-state sales for the month @ 12%
IGST on credit)

(x) Purchases A/c Dr. 10,00,000

Input CGST A/c Dr. 6,000
Input SGST A/c Dr. 6,000
Input IGST A/c Dr. 1,08,000
To Cash A/c 1,12,000
To Creditors' A/c 10,08,000
(Being intra-state cash
purchases and inter-
state credit purchases
GST @ 6% and 12%
respectively)

(x) Bank A/c Dr. 17,00,000

To Debtors' A/c 2,00,000
To Cash A/c 15,00,000
(Being cheque received and cash deposited in
Bank)

(xi) Creditors' A/c Dr. 8,90,000

To Bank A/c 8,90,000
(Being cheque issued)

(xi) Bank Loan A/c Dr. 20,000

To Bank A/c 20,000
(Being part of the loan repaid)
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger
TS Grewal Solutions for Class 11 Accountancy Chapter 6 - Ledger