month of April, 2018. A Trial Balance is to be extracted as on 30th April, 2018:
2018
April 1
Assets: Premises 2,00,000; Delivery Van 50,000; Fixtures 5,000; Stock 75,000; Debtors: Hariharan * 30,000;
Rajhans 50,000; Cash at Bank 45,000; Cash in Hand 30,000
Liabilities. Creditors: Jawahar 1,00,000; Vikas 45,000; Telephone Expenses Payable 4,000; Output CGST-240; Output SGST-240; Electricity Expenses Payable 4,520; Salaries Payable €7,000.
Paid rent by cheque * 5,000
April 1
April 2 Goods purchased on credit from Prabhat, Delhi 15,000; Rajan, Delhi ₹ 8,000; Passi, Delhi * 7,00
April 3 Goods sold on credit to Rakesh, Gurugram * 17,000; Devender, Delhi 25,000; Paid Telephone Bil CGST and SGST by Cheque
April 4
April 5
April 7
April 9
Paid the bill of petrol expenses for Delivery Van 5,700*
Cash drawings by Rajesh Prabhu 4,000*
Paid salaries for the month of March, 2018 € 7,000*
Cash sales € 5,000
April 11 Goods returned by Rakesh 5,000; Devender * 1,000
April 12 Received cheques from debtors: Hariharan 20,000; Rajhans ₹ 40,000*
April 16 Goods returned to Prabhat * 4,000; Rajan 1,000
April 20 Cheques issued to creditors: Jawahar 50,000; Vikas * 10,000*
April 22 Received cheques from Hariharan 10,000; Rajhans 10,000; Rakesh 10,000; Devender* 5,000
Cheques received from Rakesh and Devender are dated 25th May, 2018*
April 24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.*
April 25 Received cash from Devender in full settlement 21,000*
Answers
In the Books of Rajesh Prabhu, Gurugram (Haryana)
Date Particulars
L.F. Debit Credit
2018
Apr. 1 Cash A/c Dr. 30,000
Stock A/c Dr. 75,000
Debtor-Hariharan A/c Dr. 30,000
Premises A/c Dr. 2,00,000
Delivery Van A/c Dr. 50,000
Fixtures A/c Dr. 5,000
Debtor–Rajhans A/c Dr. 50,000
Bank A/c Dr. 45,000
To Creditor- Jawahar A/c 1,00,000
To Creditor-Vikas A/c 45,000
To Telephone Expenses Payable A/c 4,000
To Electricity Expenses Payable A/c 4,520
To Outstanding Salaries A/c 7,000
To Output CGST A/c 240
To Output SGST A/c 240
To Capital A/c 3,24,000
(Being Opening balance transfer to current year)
Apr. 2 Rent A/c Dr. 5,000
Input CGST A/c Dr. 300
Input SGST A/c Dr. 300
To Bank A/c 5,600
(Being Rent Paid by cheque)
Apr. 2 Purchase A/c Dr. 15,000
Input IGST A/c Dr. 1,800
To Prabhat, Delhi A/c 16,800
(Being Goods Purchase from Prabhat, Delhi)
Apr. 2 Purchase A/c Dr. 8,000
Input IGSTA/c Dr. 960
To Rajan , Delhi A/c 8,960
(Being Goods Purchase from Prabhat, Delhi )
Apr. 2 Purchase A/c Dr. 7,000
Input IGSTA/c Dr. 840
To Passi, Delhi A/c 7,840
(Being Goods Purchase from Passi, Delhi )
Apr. 3 Rakesh, Gurugram A/c Dr. 19,040
To Sale A/c 17,000
To Output CGST A/c 1,020
To Output SGST A/c 1,020
(Being Goods Sold to Rakesh, Gurugram)
Apr. 3 Devender, Delhi A/c Dr. 28,000
To Sale A/c 25,000
To Output IGST A/c 3,000
(Being Goods Sold to Devender, Delhi)
Apr. 3 Telephone Expenses Payable A/c Dr. 4000
Output CGST A/c Dr. 240
Output SGST A/c Dr. 240
To Bank A/c 4,480
(Being Telephone bill, Output CGST, Output SGST Paid by cheque)
Apr. 4 Vehicle Running Expenses A/c Dr. 5,700
To Cash A/c 5,700
(Being Bill of petrol paid by cash)
Apr. 5 Drawing A/c Dr. 4,000
To Cash A/c 4,000
(Being Goods Sold to Rakesh, Gurugram)
Apr. 7 Outstanding Salaries A/c Dr. 1,120
To Cash A/c 1,000
(Being Outstanding Salaries paid in Cash )
Apr. 9 Cash A/c Dr. 5,300
To Sale A/c 5,000
To Output CGST A/c 300
To Output SGST A/c 300
(Being cash Sale made)
Apr. 11 Sale Return A/c Dr. 5,000
Output CGST A/c Dr. 300
Output SGST A/c Dr. 300
To Rajesh, Gurugram A/c 5,600
(Being Goods Return by Rakesh, Gurugram)
Apr. 11 Sale Return A/c Dr. 1,000
Output IGST A/c Dr. 120
To Devender, Delhi A/c 1,120
(Being Goods Return by Devender, Delhi)
Apr. 12 Bank A/c Dr. 60,000
To Hariharan A/c 20,000
To Rajhans A/c 40,000
(Being Cheque received from Hariharan and Rajhans)
Apr. 16 Prabhat, Delhi A/c Dr. 4,480
To Purchases Return A/c 4,000
To Input IGST A/c 480
(Being Goods Return to Prabhat, Delhi )
Apr. 16 Rajan, Delhi A/c Dr. 4,480
To Purchases Return A/c 4,000
To Input IGST A/c 480
(Being Goods Return to Rajan, Delhi )
Apr. 20 Jawahar A/c Dr. 50,000
Vikas A/c Dr. 10,000
To Bank A/c 60,000
(Being Cheque Issued to Jawahar and Vikas )
Apr. 22 Bank A/c Dr. 20,000
To Hariharan A/c 10,000
To Rajhans A/c 10,000
(Being Cheque received from Hariharan and Rajhans)
Apr. 22 Cheque in Hands A/c Dr. 15,000
To Rakesh A/c 10,000
To Devender A/c 5,000
(Being Cheque received from Rakesh and Devender )
Apr. 24 Bank A/c Dr. 14,875
Discount A/c Dr. 125
To Cheque in Hands A/c 15,000
(Being Cheque Issued to Jawahar and Vikas )
Apr. 25 Cash A/c Dr. 21,000
Discount A/c Dr. 880
To Devender A/c 21,880
(Being Cash received from Devender in full Settlement of his account )