account ch 5 journal ques illustration 9
Answers
Answer:
Double Entry Book Keeping Ts Grewal 2018 Solutions for Class 11 Commerce Accountancy Chapter 5 Journal are provided here with simple step-by-step explanations. These solutions for Journal are extremely popular among Class 11 Commerce students for Accountancy Journal Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Double Entry Book Keeping Ts Grewal 2018 Book of Class 11 Commerce Accountancy Chapter 5 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Double Entry Book Keeping Ts Grewal 2018 Solutions. All Double Entry Book Keeping Ts Grewal 2018 Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate.
Page No 8.51:
Question 1:
Journal
Without Goods and Services Tax (GST)
Following transactions of Ramesh for April,2018 are given below. Journalise them.
2018
April 1
April 2
April 3
April 4
April 13
April 20
April 24
April 28
April 28
April 30
April 30
April 30
Ramesh started business with cash
Paid into bank
Bought goods for cash
Drew cash from bank for office use
Sold goods to Krishna on credit
Bought goods from Shyam on credit
Received from Krishna
Allowed him discount
Paid cash to Shyam
Discount received
Krishna returned goods
Cash sales for the month
Paid rent
Paid salary ₹
1,00,000
20,000
50,000
10,000
15,000
22,500
12,500
500
21,500
1,000
2,000
80,000
5,000
10,000
ANSWER:
Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
Apr 01
Cash A/c
Dr.
1,00,000
To Capital A/c
1,00,000
(Started business with cash)
Apr 02
Bank A/c
Dr.
20,000
To Cash A/c
20,000
(Paid into bank)
Apr 03
Purchases A/c
Dr.
50,000
To Cash A/c
50,000
(Goods purchased)
Apr 04
Cash A/c
Dr.
10,000
To Bank A/c
10,000
(Drew from bank for office use)
Apr 13
Krishna A/c
Dr.
15,000