Question No 01 Chapter No 9 – D.K Goal 11 Class

Question No 01 Chapter No 9

01. Journalise the following transaction, post them into Ledger, Balance the accounts and prepare a Trial Balance.

2018		Rs
Mar.1	Shyam Sunder & Sons commenced business with cash	80,000
Mar.2	Purchased goods for cash	36,000
Mar.3	Machinery purchased for cash	4,000
Mar.4	Purchased goods from : Raghu	22,000
	Dilip	30,000
Mar.6	Returned goods to Raghu	4,000
Mar.8	Paid to Raghu, in full settlement of his account	17,500
Mar.10	Sold goods to Mahesh Chand & Co. for 32,000 at 5% trade discount
Mar.13	Received cash from Mahesh Chand & Co.	19,800
	Discount allowed	200
Mar. 15	Paid cash to Dilip	14,850
	Discount received	150
Mar.20	Sold goods for cash	25,000
Mar.24	Sold goods for cash to Sudhir Ltd	18,000
Mar.15	Paid for Rent	1,500
Mar.16	Received for Commission	2,000
Mar.28	Withdrew by Proprietor for his personal use	5,000
Mar.28	Purchased a fan for Proprietor’s house	1,200

The solution of Question No 01 Chapter No 9: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Mar.1	Cash A/c	Dr.		80,000
	To Capital A/c				80,000
	(Being business started with cash)
Mar.2	Purchases A/c	Dr.		36,000
	To Cash A/c				36,000
	(Being Goods purchased for cash)
Mar.3	Machinery A/c	Dr.		80,000
	To Cash A/c				80,000
	(Being Machinery purchased for cash)
Mar.4	Purchases A/c	Dr.		52,000
	To Raghu’s A/c				22,000
	To Dilip’s A/c				30,000
	(Being Goods purchased on credit from Raghu and Dilip)
Mar.6	Raghu’s A/c	Dr.		4,000
	To Purchases Return A/c				4,000
	(Being Goods returned to Raghu)
Mar.8	Raghu’s A/c	Dr.		18,000
	To Cash A/c				17,500
	To Discount Received A/c				500
	(Being Cash paid to Raghu in full settlement)
Mar.10	Mahesh Chand & Co	Dr.		30,400
	To Sale A/c				30,400
	(Being Goods sold to Mahesh Chand & Co. at trade discount)
Mar.13	Cash A/c	Dr.		19,800
	Discount Allowed A/c	Dr.		200
	To Mahesh Chand & Co.				20,000
	(Being Cash received from Mahesh Chand & Co.)
Mar.15	Dilip’s A/c	Dr.		15,000
	To Cash A/c				14,850
	To Discount Received A/c				150
	(Being Cash paid to Dilip)
Mar.20	Cash A/c	Dr.		25,000
	To Sales A/c				25,000
	(Being Goods sold for cash)
Mar.24	Cash A/c	Dr.		18,000
	To Sale A/c				18,000
	(Being Goods sold for cash)
Mar.25	Rent A/c	Dr.		1,500
	To Cash A/c				1,500
	(Being Rent paid.)
Mar.26	Cash A/c	Dr.		2,000
	To Commission A/c				2,000
	(Being Commission received)
Mar.28	Drawings A/c	Dr.		6,200
	To Cash A/c				6,200
	(Being Cash withdrawn and fan purchased for personal use)

 

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Capital A/c		80,000	Mar. 2	By Purchases A/c		36,000
Mar.13	To Mahesh Chand & Co. A/c		19,800	Mar.3	By Machinery A/c		4,000
Mar.20	To Sales A/c		25,000	Mar.8	By Raghu’s A/c		17,500
Mar.24	To Sales A/c		18,000	Mar.15	To Dilip’s A/c		14,850
Mar.26	To Commission A/c		2,000	Mar.25	To Rent A/c		1,500
				Mar.28	By Drawings A/c		6,200
				Mar. 31	By Balance c/d		64,750
			1,44,800				1,44,800

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Cash A/c		80,000
Mar. 31	To Balance c/d		80,000
			80,000				80,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Cash A/c		36,000
Mar.13	To Raghu’s A/c		22,000
Mar.20	To Dilip’s A/c		30,000
				Mar. 31	By Balance c/d		88,000
			88,000				88,000

Dr.	Machinery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.3	To Cash A/c		4,000
				Mar. 31	By Balance c/d		4,000
			4,000				4,000

Dr.	Raghu’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.6	To Purchases Return A/c		4,000	Mar.4	By Purchases A/c		22,000
Mar.8	To Cash A/c		17,500
Mar.8	To Discount Received A/c		500
			22,000				22,000

Dr.	Dilip’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.15	To Purchases Return A/c		14,850	Mar.4	By Purchases A/c		30,000
Mar.15	To Cash A/c		150
Mar.31	To Balance c/d		15,000
			30,000				30,000

Dr.	Purchases Return  A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar.6	By Raghu’s A/c		4,000
Mar.31	To Balance c/d		4,000
			4,000				4,000

Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.13	To Mahesh Chand & Co A/c		200
				Mar. 31	By Balance c/d		200
			200				200

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar.8	By Raghu’s A/c		500
				Mar.15	By Dilip’s A/c		150
Mar.31	To Balance c/d		650
			650				650

Dr.	Mahesh Chand & Co A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.10	To Sales A/c		30,400	Mar.13	By Cash A/c		19,800
				Mar.13	By Discount Allowed A/c		200
				Mar. 31	By Balance c/d		10,400
			30,400				30,400

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.25	To Cash A/c		1,500
				Mar. 31	By Balance c/d		1,500
			1,500				1,500

Dr.	Commission A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar.26	By Cash A/c		2,000
Mar.31	To Balance c/d		2,000
			2,000				2,000

Dr.	DrawingsA/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar.28	To Cash A/c		6,200
				Mar. 31	By Balance c/d		6,200
			6,200				6,200

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar.10	By Mahesh Chand & Co A/c		30,400
				Mar.20	By Cash A/c		25,000
				Mar.24	By Cash A/c		18,000
Mar.31	To Balance c/d		73,400
			73,400				73,400

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Cash A/c		64,750
Capital A/c			80,000
Purchases A/c		88,000
Machinery A/c		4,000
Dilip’s A/c			15,000
Purchases Return A/c			4,000
Discount Received A/c			650
Discount Allowed A/c		200
Mahesh Chand & Co. A/c		10,400
Rent A/c		1,500
Commission A/c			2,000
Drawings A/c		6,200
Sales A/c			73,400
		1,75,050	1,75,050

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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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