Question No 04 Chapter No 5 - D.K Goal Class 11

Question No 04 Chapter No 5

Q.4 Enter the following transaction in the book of Hari Shankar & Co. from the following:

2020		Rs
Apr.1	Commission business with cash	50,000
Apr.2	Purchased goods from Subhash	20,000
Apr.4	Sold goods to Ramnath	15,000
Apr.6	Ramnath returned defective goods	1,000
Apr.10	Received cash from Ramnath and	13,800
	Discount allowed	200
Apr.12	Gopal sold goods to us	10,000
Apr.14	Paid to Gopal in full settlement of his account after deducting 5% discount
Apr.15	Paid Rent	10,000
Apr.16	Paid rent of Hari Shankar’s residence	5,000
Apr.18	Purchased goods for cash from Govind for Rs 6,000 at 20% trade discount
Apr.20	Purchased goods from Govind for Rs 10,000 at 20% trade discount
Apr.24	Paid to Govind Rs 7,850 in full settlement of his account
Apr.25	Paid to Subhash Rs 4,750; discount received Rs 250
Apr.30	Paid wages Rs 400; Salaries Rs 4,000; Advertisement expenses Rs 800 and Trade expenses Rs 1,000

The solution of Question No 04 Chapter No 5: –

In the Books of Hari Shankar & Co
Date	Particulars		L.F.	Debit	Credit
2019
Apr.1	Cash A/c	Dr.		50,000
	To Sales A/c				50,000
	(Being started with cash .)

Apr.2	Purchases A/c	Dr.		20,000
	To Subhash’s A/c				20,000
	(Being Goods purchased from Subhash)

Apr.4	Ramnath’s A/c	Dr.		15,000
	To Sales A/c				15,000
	(Being Goods sold to Ramnath)

Apr.6	Sales Return A/c	Dr.		1,000
	To Ramnath’s A/c				1,000
	(Being Goods returned to Ramnath .)

Apr.10	Cash A/c	Dr.		13,800
	Discount Allowed A/c	Dr.		200
	To Ramnath’s A/c				14,000
	(Being Cash received from Ramnath and allowed discount)

Apr.12	Purchases A/c	Dr.		10,000
	To Gopal’s A/c				10,000
	(Being Goods purchased from Gopal)

Apr.14	Gopal’s A/c	Dr.		10,000
	To Cash A/c				9,500
	To Discount Received A/c				500
	(Being Cash paid to Kamlesh.)

Apr.15	Rent A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Rent paid.)

Apr.16	Drawings A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being Rent paid for Hari Shankar ′s residence)

Apr.18	Purchases A/c	Dr.		4,800
	To Cash A/c				4,800
	(Being Goods purchased for cash at 20)

Apr.20	Purchases A/c	Dr.		8,000
	To Govind’s A/c				8,000
	(Being Goods purchased from Govind at 20)

Apr.24	Govind’s A/c	Dr.		8,000
	To Cash A/c				7,850
	To Discount Received A/c				150
	(Being Cash paid to Govind in full settlement of his account)

Apr.25	Subhash’s A/c	Dr.		5,000
	To Cash A/c				4,750
	To Discount Received A/c				250
	(Being Cash paid to Subhash in full settlement of his account)

Apr.30	Wages A/c	Dr.		400
	Salaries A/c	Dr.		4,000
	Advertisement Expenses A/c	Dr.		800
	Trade Expenses A/c	Dr.		1,000
	To Cash A/c				6,200
	(Being Expenses paid)