Question No 13 Chapter No 9 – D.K Goal 11 Class

Question No 13 Chapter No 9

13. Enter the following transactions in subsidiary books, post them into Ledger, and prepare a Trial Balance:
The following balances existed in Sunil Bros. books on April 1, 2017:
Assets : Cash in hand 27,500; Bank Balance 40,000; Debtors : Ashok 18,000, Bahadur 25,000, Charu 30,000; Stock 1,60,000 and Furniture 40,000.
Liabilities : Creditors: Dinesh 20,000 and Ekta 15,000.

2018
Apr.1	Cash Sales 18,000.
Apr.2	Deposited into Bank 20,000.
Apr.3	Purchased from Dinesh :
	300 metres Cotton @ 60 per metre
	200 metres Silk @ 100 per metre
Apr.5	Cheque issued to Dinesh for 25,000
Apr.6	Accepted a bill at one month for 15,000 drawn by Dinesh
Apr.8	Sold to Ashok :
	400 metres Cotton @ 80 per metre
	250 metres Silk @ 140 per metre
Apr.10	Returned by Ashok 50 metres Silk
Apr.12	Received Cash 8,000 and a Cheque for 40,000 from Ashok. The cheque was immediately sent to Bank.
Apr.13	Received a B/R from Bahadur for 20,000 in one month.
Apr.15	Accepted a bill at two months drawn by Ekta for the amount due to her
Apr.16	Purchased a Computer for office use from Shiva Ltd. for 45,000 on Credit.
Apr.18	Cash purchases 10,000.
Apr.19	Received full payment from Charu by cheque, sent it to Bank. Discount allowed 2%.
Apr.20	Issued a cheque to Dinesh in full payment of his account after deducting a 1% discount.
Apr.22	Settled the account of Shiva Ltd. by a cheque.
Apr.24	Proprietor took away goods worth 5,000 and Cash 6,000.
Apr.25	Purchased from Ganesh 200 metres Cotton @ 70 per metre subject to a trade discount of 5%.
Apr.27	Paid Rent 3,000 and Salaries 8,000.
Apr.30	Interest allowed by bank 600

The solution of Question No 13 Chapter No 9: –

Dr.	Cash Book										Cr.
Date	Particulars	L. F.	Discount Allowed	Cash	Bank	Date	Particulars	L. F.	Discount Received	Cash	Bank
2020						2020
Apr.1	To Balance c/d		–	27,500	40,000	Apr.2	By Bank A/c		–	20,000	–
Apr.1	To Sales A/c		–	18,000	–	Apr.5	By Dinesh’s A/c		–	–	25,000
Apr.02	To Cash A/c		–	–	20,000	Apr.18	By Purchases A/c		–	10,000	–
Apr.12	To Ashok’s A/c		–	8,000	40,000	Apr.20	By Dinesh’s A/c		180	–	17,820
Apr.19	To Charu’s A/c		600	–	29,400	Apr.22	By Shiva A/c			–	45,000
Apr.30	To Interest A/c		–	–	600	Apr.24	By Drawings A/c		–	6,000	10,000
						Apr.27	By Rent A/c		–	3,000	–
						Apr.27	By Salaries A/c		–	8,000	–
May.31	To Balance c/d		600	–	–	May.31	By Balance C/d		180	6,500	42,180
			600	53,500	1,30,000				180	53,500	1,30,000

Purchases Book
Date	Particular	Detail	Total
2018 Apr.
5	Dinesh
	300 metres Cotton @Rs 60 per metre	18,000
	200 metres Silk @Rs 100 per metre	20,000
		1,980	1,980
25	Ganesh
	200 metres Cotton @Rs 70 per metre	14,000
	Less: 5% Trade Discount	700
		13,300	13,300
			1,00,800

Sale Book
Date	Particular	Detail	Total
2018 Apr.
10	Ashok
	400 metres Cotton @Rs 80 per metre	32,000
	250 metres Silk @Rs 140 per metre	35,000
		67,000	67,000
			67,000

Sale Return Book
Date	Particular	Detail	Total
2018 Apr.
10	Ashok
	50 metres Silk @Rs 140 per metre	7,000
		7,000	7,000
			7,000

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Apr.1	Cash in hand A/c	Dr.		27,500
	Bank A/c	Dr.		40,000
	Stock A/c	Dr.		1,60,000
	Ashok’s A/c	Dr.		18,000
	Bahadur’s A/c	Dr.		25,000
	Charu’s A/c	Dr.		30,000
	Furniture A/c	Dr.		40,000
	To Dinesh’s A/c				20,000
	To Ekta’s A/c				15,000
	To Capital A/c (Balancing figure)				3,05,500
	(Being Opening entry made)
Apr.6	Dinesh’s A/c	Dr.		15,000
	To Bills Payable A/c				15,000
	(Being Acceptance given for bill drawn by Dinesh)
Apr.13	Bills Receivable A/c	Dr.		8,150
	To Bahadur’s A/c				8,000
	(Being Bills receivable received from one of our debtor, Bahadur)
Apr.15	Ekta’s A/c	Dr.		15,000
	To Bills Receivable A/c				15,000
	(Being Acceptance given for bill drawn by Ekta)
Apr.16	Computer A/c	Dr.		45,000
	To Shiva Ltd.				45,000
	(Being Computer purchased on credit)
Apr.19	Discount Allowed A/c	Dr.		600
	To Charu A/c				600
	(Being Acceptance given for bill drawn by Ekta)
Apr.20	Dinesh A/c	Dr.		180
	To Discount Received A/c				180
	(Being discount )
Apr.24	Drawings A/c	Dr.		5,000
	To Purchases A/c				5,000
	(Being Goods with drawn by proprietor)

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr.1	By Cash A/c		18,000
				Apr.30	By Sundries as per Sales Book A/c		67,00
Apr. 30	To Balance c/d		85,000
			85,000				85,000

Dr.	Ashok’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.1	By Balance c/d		18,000	Apr.6	By Cash A/c		8,000
Apr.8	By Sales A/c		67,000	Apr.6	By Bank A/c		40,000
				Apr.10	By Sales Return A/c		7,000
				Apr. 30	By Balance c/d		30,000
			85,000				85,000

Dr.	Charu’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr.19	To Bank A/c		29,400
Apr. 30	To Sales A/c		30,000	Apr.19	To Discount Allowed A/c		600
			30,000				30,000

Dr.	Interest A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr.30	To Bank A/c		600
Apr. 30	To Sales A/c		600
			600				600

Dr.	Shiva Ltd. A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.22	To Bank A/c		45,000	Apr.16	To Computer A/c		45,000
			45,000				45,000

Dr.	Dinesh’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.05	To Bank A/c		25,000	Apr. 01	By Balance c/d		20,000
Apr.06	To Bills Payable A/c		15,000	Apr. 03	By Purchases A/c		38,000
Apr.20	To Bank A/c		17,820
Apr.20	To Discount Received A/c		180
			58,000				58,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.18	To Cash A/c		10,000	Apr.24	By Bank A/c		10,000
Apr.30	To Sundries asper Purchases Book A/c		51,300
				Apr.30	To Balance c/d		56,300
			61,300				61,300

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.27	To Cash A/c		3,000
				Apr. 30	By Balance c/d		3,000
			3,000				3,000

Dr.	Ganesh’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr.25	By Purchases A/c		13,300
Apr.30	To Balance c/d		13,300
			13,300				13,300

Dr.	Bahadur’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.1	To Balance b/d		25,000	Apr.13	By Bills Receivable A/c		22,000
				Apr.30	By Balance c/d		5,000
			25,000				25,000

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.01	To Balance b/d		40,000
				Apr. 30	By Balance c/d		40,000
			40,000				40,000

Dr.	Ekta’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.15	To Bills Payable A/c		15,000
				Apr. 30	By Balance c/d		15,000
			15,000				15,000

Dr.	Bills Payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr.06	To Dinesh’s A/c		15,000
				Apr.15	To Ekta’s A/c		15,000
Apr.30	To Balance c/d		30,000
			30,000				30,000

Dr.	Computer A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.01	To Shiva A/c		45,000
				Apr. 30	By Balance c/d		45,000
			45,000				45,000

Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.19	To Charu’s A/c		600
				Apr. 30	By Balance c/d		600
			600				600

Dr.	Bills Receivable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.13	To Bhadur’s A/c		20,000
				Apr. 30	By Balance c/d		20,000
			20,000				20,000

Dr.	Salaries A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.27	To Cash A/c		8,000
				Apr. 30	By Balance c/d		8,000
			8,000				8,000

Dr.	Sales Return A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.30	To Sundries as per Sales Return Book A/c		7,000
				Apr. 30	By Balance c/d		7,000
			7,000				7,000

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr.1	To Balance b/d		1,60,000
				Apr. 30	By Balance c/d		1,60,000
			1,60,000				1,60,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 30	By Balance b/d		3,05,500
Apr.30	To Balance c/d		3,05,000
			3,05,500				3,05,500

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 20	To Dinesh’s A/c		180
Apr.30	To Balance c/d		180
			180				180

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Cash A/c		6,500
Stock A/c		42,180
Sales A/c			85,000
Ashok’s A/c		30,000
Interest A/c			600
Purchases A/c		56,300
Drawings A/c		11,000
Rent A/c		3,000
Salaries A/c		8,000
Ganesh’s A/c			13,300
Sales Return A/c		7,000
Bahadur’s A/c		5,000
Stock A/c		1,60,000
Furniture A/c		40,000
Bills Receivable A/c		20,000
Bills Payable A/c			30,000
Computer A/c		45,000
Capital A/c			3,05,500
Discount Allowed		600
Discount Received A/c			180
		4,34,580	4,34,580

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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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.