Enter the following transactions in the journal of Gopi Chand of Delhi, post them to
the ledger: [10]
2020 Rs.
May 1 Commenced business with Cash Rs.2,00,000 of which Rs.1,50,000 were
deposited into bank
3 Purchased good on Credit from M/s Vasudev & Co. of the list price of
Rs.50,000 less trade discount 20%
Paid Cartage on above goods purchased 1,500
6 Returned goods to M/s Vasudev & Co., of the list of price of 5,000
8 Sold goods for Cash 10,000
9 Bought a computer against cheque 30,000
12 Issued cheque to M/s Vasudev & Co. in full settlement of their account 42,000
15 Purchased a new machine of Rs.80,000 from Gadore Tools Ltd. Faridabad.
Gopi Chand gave a cheque of Rs.50,000 from his savings account and
Balance from firm’s account.
16 Sold goods for Cash to Ashok & Co., Kanpur 20,000
18 Sold goods to Ganesh & Co., Kolkata on Credit 1,00,000
20 Goods for Rs.5,000 were distributed as samples, as part of an
advertising campaign. These goods were purchased locally.
22 Received from Ganesh & Co. Cheque in full settlement. The cheque
was immediately deposited into bank. 1,15,000
26 Paid rent by cheque 10,000
31 Paid Salary 25,000
Answers
Answer:
Explanation:
2013
Mar 10 Returned to Rizwan & Sons
1 Orient fan 36″ @ Rs. 1,250
Trade discount 10%
Mar 25 Returned to Ram & Co
1 dozen lamp-holders @ Rs. 200 per dozen
Mar 27 Returned to Prem & Co
4 fancy light @ Rs. 50 each
The light was purchased in cash
From the following particulars provided by Rishi, prepare a cash book with suitable column.
2013 Amt (Rs.)
Mar 1 Cash in hand 85,000
Bank Balance with ICICI 2,50,000
Overdraft with (Axis) 1,75,000
Mar 3 Cash sales 70,000
Mar 5 Paid salary to staff by cheque on ICICI 1,00,000
Mar 8 Cheque received from Raj deposited with Axis 90,000
Mar 10 Cash deposited into ICICI 50,000
Mar 12 Amount transferred from ICICI to Axis by cheque 30,000
Mar 15 Cash withdrew from ICICI 80,000
Prepare two column cash book from the following transactions for the month of April, 2013
2013 Amt (Rs.)
Apr 1 Cash balance 25,000
Apr 2 Paid to Y in full settlement of Rs. 5,000 4,750
Apr 4 Received from Z, allowing him discount of Rs. 400 9,600
Apr 7 Cash purchases 10,000
Apr 11 Cash sales 15,000
Apr 15 Received from X, allowed him discount Rs. 500 19,500
Apr 21 Paid to W against his dues of Rs. 7,500 7,00
Apr 25 Paid into bank 20,000
Apr 30 Withdrew for personal use 5,000
Apr 30 Paid salary and wages 15,000
Enter the following transactions in proper subsidiary books of Balram
2013 Amt (Rs.)
Jan 1 Sold goods to Rames 21,000
Bought of Hari Ram, 31,200
Jan 2 Ramesh Returned goods 3,000
Sold to Dina Nath 22,000
Jan 2 Purchased goods from Mangal 28,000
Jan 4 Returned goods to Mangal 4,000
Jan 4 Bought of Devi Dayal 13,000
Jan 4 Sold to Zakir Hussain 14,000
Jan 5 Zakir Hussain returned goods 1,800
Jan 6 Sold to Ram Saran 20,000
Jan 6 Sold to Ghanshyam 12,000
Jan 7 Ram Saran returned goods 2,000
Jan 7 Bought of Devi Dayal 28,000
Jan 8 Returned goods to Devi Dayal 3,000
Jan 9 Purchased goods from Raghu Nath subject to a trade discount of 10% 40,000
Jan 10 Sold to Raja Ram goods subject to trade discount of 5% 20,000
Prepare Simple Cash Book from the following transactions of Simarn, Delhi-
2018 Rs. 2018 Rs.
1/3 Ms. Simran Commenced business with cash 65,000 17/3 Paid for miscellaneous expenses 450
3/3 Bought goods for cash, CGST and SGST Paid @ 6% each 6,850 19/3 Received cash from Mr. Trilok Chand 4,850
4/3 Paid cash to Mr. Mohan 950 22/3 Purchased goods, CGST and SGST paid @ 6% each 2,500
6/3 Deposited in Bank 40,000 22/3 Paid Salary 4,000
6/3 Paid for office furniture in cash, CGST and SGST Paid @ 6% each 4,650 25/3 Paid rent, CGST and SGST paid @ 6% each 900
9/3 Sold goods for cash charge CGST and SGST @ 6% each 30,000 28/3 Paid electricity bill 350
12/3 Paid wages in cash 1,200 29/3 Paid for advertising, CGST and SGST paid @ 6% each 400
13/3 Paid for Stationery, CGST and SGST paid @ 6% each 400 31/3 Paid into Bank 25,000
15/3 Sold goods for cash, charged CGST and SGST @ 6% each 25,