Question No 15 Chapter No 8 – D.K Goal 11 Class

Question No 15 Chapter No 8

15. From the following transaction of the month January 2018 prepare necessary subsidiary books of Gopal Thakur & Co., a furniture dealer.

2018
Jan.1	Assets : Cash in hand 8,000; cash at bank 58,000; dur from x 18,000 Y 30,000, Z 40,000; stock 2,10,000; office equipment 70,000
	Liabilities : A 20,000 and B 25,000
Jan.3	Purchased from A:
	200 chairs @ 180 each
	50 Tables @ 600 each
	Less: Discount 10%
Jan.4	Withdrew from Bank 40,000
Jan.5	Purchased for cash from Daryaganj Furniture House, Delhi
	2 Almirahs @ 4,000 each
	3 steel cabinets @ 6,000 each
Jan.7	Accepted a bill drawn by B for  15,000 at a month
Jan.8	Settled the account of B by issuing a cheque of cheque
Jan.10	Paid to A by cheque Rs 50,000
Jan.12	Acceptance given to A for the balance due to him at 45 days
Jan.13	Purchased a sofa set for office use for 20,000 from Modern Furniture Co. on credit
Jan.15	Sold to Z
	100 chairs @ 250 each
	80 Tables @ 1,000 each
Jan.16	Received a cheque from Z for 1,20,000. the cheque is immediately sent to the bank
Jan.17	Y Settled his account through a cheque, after deducting 2% cash discount
Jan.18	Sold to Asif Ali:
	150 chairs @ 300 each
	5 steel cabinets @ 8,000 each
	Less: Discount 5%
Jan.20	Received a cheque from Z for 23,000 in full settlement of his account
Jan.21	Asif Ali returned 1 steel cabinet
Jan.22	Asif Ali Settled his account by cheque after deducting 2% cash discount
Jan.23	Proprietor withdrew cash 6,000 for personal use
Jan.25	Paid for newspapers 320, Salaries 6,000 and rent 3,000
Jan.28	Received from X a bill of exchange for Rs 10,000 for 30 days
Jan.30	Interest allowed by bank 270

The solution of Question No 15 Chapter No 8: –

Dr.	Cash Book										Cr.
Date	Particulars	L. F.	Discount Allowed	Cash	Bank	Date	Particulars	L. F.	Discount Received	Cash	Bank
2020						2020
Jan.1	To Balance b/d		–	8,000	58,000	Jan.04	By Cash A/c		–	–	40,000
Jan.4	To Bank A/c		–	40,000	–	Jan.5	By Furniture A/c		–	24,700	–
Jan.16	To Z A/c		–	–	1,20,000	Jan.8	By B A/c		200	–	9,800
Jan. 17	To Y A/c		600	–	29,400	Jan.10	By A A/c		–	–	50,000
Jan.20	To Z A/c		2,000	–	23,000	Jan.23	By Drawing A/c			6,000	–
Jan.22	To Asif Ali A/c		1,463	–	71,687	Jan.25	By Stationary A/c		–	320	–
						Jan.25	By Salaries A/c		–	6,000	–
						Jan.25	By Rent A/c			3,000	–
						Jan.30	By Bank Interest A/c				270
Jun.30	To Balance c/d		4,063		–	Jun.30	By Balance C/d		400	7,980	1,34,930
			4,063	48,000	3,02,087				400	48,000	3,02,087

 

Purchases Book
Date	Particular	Detail	Total
2018 Jan.
3	A
	200 chairs @ 180 each	36,000
	50 Table @600 each	30,000
	Less: 10% Trade Discount	6,600
		59,400	59,400
			59,400

 

Sale Book
Date	Particular	Detail	Total
2018 Jan.
15	Z
	100 chairs @ 250 each	25,000
	80 steel cabinets @ 1,000 each	80,000
		1,05,000	1,05,000
18	Asif Ali
	150 chairs @ 300 each	45,000
	5 steel cabinets @ 8,000 each	40,000
	Less: 5% Trade Discount	4,250
		80,750	80,750
			1,85,750

 

Sale Return Book
Date	Particular	Detail	Total
2018 Jan.
21	Asif Ali
	1 steel cabinets @ 8,000 each	8,000
	Less: 5% Discount	400
		7,600	7,600
			7,600

 

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

• Chapter 1 Evolution of Accounting & Basic Accounting Terms
• Chapter 2 Accounting Equations
• Chapter 3 Meaning and Objectives of Accounting
• Chapter 4 Double Entry System
• Chapter 5 Books of Original Entry – Journal 
• Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
• Chapter 7 Books of Original Entry – Cash Book (Coming soon)
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
• Chapter 9 Ledger (Coming soon)
• Chapter 10 Trial Balance and Errors (Coming soon)
• Chapter 11 Bank Reconciliation Statement (Coming soon)
• Chapter 12 Depreciation (Coming soon)
• Chapter 13 Bills of Exchange (Coming soon)
• Chapter 14 Generally Accepted Accounting Principles(GAAP) 
• Chapter 15 Bases of Accounting
• Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
• Chapter 17 Capital and Revenue 
• Chapter 18 Provisions and Reserves 
• Chapter 19 Final Accounts (Coming soon)
• Chapter 20 Final Accounts – With Adjustments (Coming soon)
• Chapter 21 Errors and their Rectification (Coming soon)
• Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
• Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
• Chapter 24 Computerised Accounting System (Coming soon)
• Chapter 25 Introduction to Accounting Information System (Coming soon)

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