NCERT Solutions | Class 11 Accountancy Chapter 4

NCERT Solutions | Class 11 Accountancy (Financial Accounting Part I) Chapter 4 | Recording of Transactions - II 

CBSE Solutions | Accountancy Class 11

Check the below NCERT Solutions for Class 11 Accountancy (Financial Accounting Part I) Chapter 4 Recording of Transactions - II Pdf free download. NCERT Solutions Class 11 Accountancy  were prepared based on the latest exam pattern. We have Provided Recording of Transactions - II Class 11 Accountancy NCERT Solutions to help students understand the concept very well.

NCERT | Class 11 Accountancy (Financial Accounting Part I)

NCERT Solutions Class 11 Accountancy

Book:	National Council of Educational Research and Training (NCERT)
Board:	Central Board of Secondary Education (CBSE)
Class:	11
Subject:	Accountancy
Chapter:	4
Chapters Name:	Recording of Transactions - II
Medium:	English

Recording of Transactions - II | Class 11 Accountancy | NCERT Books Solutions

You can refer to MCQ Questions for Class 11 Accountancy (Financial Accounting Part I) Chapter 4 Recording of Transactions - II to revise the concepts in the syllabus effectively and improve your chances of securing high marks in your board exams.

NCERT Solutions for Class 11 Commerce Accountancy Chapter 4 Recording Of Transactions II

Question 1:

Briefly state how the cash book is both journal and a ledger?

Answer:

Transactions are recorded directly from source documents in the Cash Book, so there is no need to record transactions in the Journal book. Further, on the basis of the cash transactions recorded in the Cash Book, cash and bank balances can be determined, and so there is no need to prepare cash account (which is a part of ledger) separately. Thus, the Cash Book serves the purpose of both Journal as well as ledger.

Question 2:

What is the purpose of contra entry?

Answer:

Contra entry represents deposits or withdrawals of cash from bank or vice versa. The purpose of contra entry is to indicate the transactions that effect both cash and bank balances. This entry does not affect the financial positions of a business. A contra entry is recorded in both sides of a two column Cash Book and is denoted by ‘C’ in the ledger folio column.

Question 3:

What are special purpose books?

Answer:

Business transactions are large in number and difficult to record; so, journal is sub-divided for quick, efficient and accurate recording of the business transactions. Special purpose books like, sales book and purchases book are maintained for those transactions that are routine and repetitive in nature. Recording through these books is economical and enables division of work among accountants.

Question 4:

What is petty cash book? How it is prepared?

Answer:

Petty Cash Book is used for recording payment of petty expenses, which are of smaller denominations like postage, stationery, conveyance, refreshment, etc. Person who maintains petty cash book is known as petty cashier and these small expenses are termed as petty expenses.

It is prepared by two methods:

1. Ordinary system: In this case, a fixed sum of money is paid to petty cashier for the payment of petty expenses and after spending the whole amount, the account is submitted by the petty cashier to the main cashier.

2. Imprest system: In this case, a fixed sum of the money is given to the petty cashier in the beginning of a period and at the end of the period the amount spent by him is reimbursed, so that he has a fixed amount in the beginning of every new period.

Question 5:

Explain the meaning of posting of journal entries?

Answer:

Posting is the process of transferring the business transactions from Journal to ledgers.

Every transaction is first recorded in the Journal and subsequently transferred to their respective accounts.

Question 6:

Define the purpose of maintaining subsidiary journal.

Answer:

The process of accounting starts from identification of financial and non-financial events. Financial events are first recorded in a Journal. A small business has lesser number of transactions and thereby it may be possible to record these transactions through Journal entry. However, on the contrary, as the business grows, there will be voluminous number of transactions and the firm may experience difficulty, thereby it becomes tedious to record through Journal entry. Thus, in order to save time and effort, it is recommended to sub-divide Journal. Sub-division of Journal provides scope for division of work. This leads to the improvement of efficiency and effectiveness and infuses higher degree of accountability to the accountants for the specific subsidiary Journal assigned to them. The purposes of maintaining subsidiary Journal are given below.

1. It saves time and efforts in recording.

2. It enables division of work, leading to an enhancement of efficiency and effectiveness, as particular accountant takes care of particular books.

3. It also makes each accountant more responsible and accountable for the books assigned to them.

4. It records routine and repetitive transactions at one place, which leads to easy accessibility of information and hassle-free communication.

Question 7:

Write the difference between return inwards and return outwards.

Answer:

Basis of Difference	Return Inwards	Return Outwards
Meaning	Goods sold to the customers, are returned by them.	Goods purchased are returned to the suppliers.
Balance	It has debit balance.	It has credit balance.
Treatment	It is deducted from Sales in the Trading Account.	It is deducted from Purchases in the Trading Account.
Issued	Credit note is prepared by the seller.	Debit note is prepared by the buyer.
Reduction	It reduces the payment from the Debtors.	It reduces the payment made to the Creditors.
Term	It is also termed as Sales Returns.	It is also termed as Purchases Returns.

 

Question 8:

What do you understand by ledger folio?

Answer:

Ledger folio is a page number of an account in ledger that is written in the L.F. column of a journal format. In journal entry, ledger folio number is written corresponding to the name of the account in the L.F. column. It helps in easy locating of the account in the ledger book. It reduces the time in recording and rechecking.

Question 9:

What is difference between trade discount and cash discount?

Answer:

Basis of Difference	Trade Discount	Cash Discount
Meaning	It is allowed when goods are purchase or sold.	It is allowed at the time of payment.
Recording in books	It is recorded in invoice/bill but not in the books.	It is recorded in the discount column of the Cash Book’s debit side, if allowed, and credit side, if received.
Purpose	It is allowed to increase sale.	It is allowed for earlier payment.
Deduction	It is deducted from the price-list of the goods.	It is not deducted from the price-list of the goods.

 

 

Question 10:

Write the process of preparing ledger from a journal.

Answer:

The process of preparing ledger from Journal can be explained with the help of an example. Let us suppose that machinery is purchased from Mr. X, so, the journal entry will be:

Machinery A/c		Dr.
	To Mr. X Account

In this example, Machinery Account is debited and Mr. X Account is credited. Let us understand the process of preparing ledger from the journal entry.

Account which is debited in the entry:

Step 1: Indentify the account in ledger that is debited, i.e., ‘Machinery Account’.

Step 2: Enter date in the debit side of the ‘Machinery Account’ in the ‘Date’ column.

Step 3: Enter the name of the account as ‘Mr. X Account’ (which is credited in the entry) in the ‘Particulars’ column in the debit side of the Machinery Account.

Step 4: Enter the page number of the journal, where the entry is recorded in the ‘J.F.’ (journal folio) column.

Step 5: Post the corresponding amount in the ‘Amount’ column, which is recorded against ‘Machinery Account’ in the journal entry.

Account which is credited in entry:

Step 1: Indentify the account in ledger that is credited, i.e., ‘Mr. X Account’.

Step 2: Enter date in the credit side of ‘Mr. X Account’ in the ‘Date’ column.

Step 3: Enter the name of the account as ‘Machinery Account’ (which is debited in the entry) in the ‘Particulars’ column in the credit side of the ‘Machinery Account’.

Step 4: Enter the page number of the journal where the entry is recorded in the ‘J.F.’ (journal folio) column.

Step 5: Post the corresponding amount in the ‘Amount’ column, which is recorded against ‘Mr. X Account’ in the journal entry.

Question 11:

What do you understand by Imprest amount in petty cash book?

Answer:

Imprest amount is an amount of money given by the main cashier to the petty cashier in the beginning of a period. At the end of the period, the amount spent by the petty cashier gets reimbursed in such a manner, that he has the same amount of cash in hand in the beginning of next period. For example, if the main cashier gives an imprest amount of Rs 1,000 to the petty cashier on April 01, 2011 and at the end of the month the petty expenses amount to be Rs 850, which is spent by the petty cashier during the month. In this case, Rs 850 will be reimbursed, so, that on May 01, 2011, the petty cashier will have Rs 1,000 at his disposable to meet petty expenses for the next month.

Question 1:

Explain the need for drawing up the special purpose books.

Answer:

The needs for drawing up the special purpose book are given below.

1. Quick and efficient recording: It is a time consuming process to record all the transactions in a journal. If there are separate books, then recording of transactions can be done more efficiently and timely. So, the need of special purpose book arises.

2. Repetitive nature: In every business, some transactions are similar and repetitive in nature. It will be more convenient to record all similar transactions at one place. For example, all credit sales transactions are recorded in the Sales Book.

3. Economical: It is more economical as recording through the special purpose books saves time and also enhances the efficiency of accountants and clerks.

4. Easy posting: If similar transactions are recorded at one place, posting becomes easier.

5. Complete information at one place: All information related to purchases, sales, cash receipts, payments, etc. are easily and hassle-free available.

Question 2:

What is cash book? Explain the types of cash book.

Answer:

Cash Book is a book of original entry. It records all transactions related to receipts and payments of cash and deposits in and withdrawals from a bank in a chronological order. In the debit side of the cash book, the cash receipts are recorded in the cash column while all deposits into bank account are recorded in the bank column. On the contrary, in the credit side of the cash book, all cash payments are recorded in the cash column, while all payments through cheques are recorded in the bank column. Usually, it is prepared on monthly basis. Cash book also serves the purpose of principle book (i.e. cash account and bank account).

1. Single Column Cash Book: A single column Cash Book contains one column of amount on both sides, i.e., one in the debit side and other in the credit side. In the single column Cash Book, only cash transactions are recorded. In the debit side of the Cash Book, all cash receipts are recorded, while in the credit side all cash payments are recorded.

2. Double Column Cash Book: A double column Cash Book contains two columns of amount, namely cash column and bank column on both sides. In the cash column of Cash Book, all cash receipts and payments are recorded, according to the rule of Real Accounts. All deposits either in cash or through cheques into the bank account of the business are debited in the bank column and all withdrawals of cash and payments through cheques are credited in the bank column.

   Cash Book
   Dr.									Cr.
   Date	Particulars	L.F.	Cash Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
   	Cash	(C)		–		Bank	(C)	–

    

3. Triple Ccolumn Cash Book: In a triple column Cash Book, there are three columns of amount namely, cash, bank and discount. Discount allowed and discount received are recorded in the discount column. While in the debit side, discount allowed is recorded along with the receipts, either in cash or through cheque; whereas, in the credit side, discount received is recorded, along with the payments made either in cash or by issuing cheques.

4. Petty Cash Book: This book is used for recording payment of petty expenses, which are of smaller denominations like, postage, stationery, conveyance, refreshment, etc. is known as Petty Cash Book.

 

Question 3:

What is contra entry? How can you deal this entry while preparing double column cash book?

Answer:

The transaction that is entered in either sides of the double column or three column cash book, affecting both cash and the bank balances concomitantly is called contra entry. These entries result in increase in cash balances and decrease in bank balances or vice versa. In other words, a debit of bank account leads to a credit of cash account and a credit of bank account leads to a debit of cash account. For example, Rs 200 cash deposited into bank. This transaction increases the bank amount on one hand; whereas, on the other hand reduces the cash balance. In this entry, in the debit side of the cash book, ‘Cash’ will be recorded with a balance of Rs 200 in the bank column and in the credit side of the cash book, ‘Bank’ will be recorded with a balance of Rs 200 in the cash column. This entry is a contra entry as it affects both cash and bank balance together. The contra entries are denoted by ‘C’.

Some transactions that lead to contra entry are given below.

1. Opening a bank account

2. Depositing cash into bank

3. Withdrawal from bank

These transactions are recorded in a double column Cash Book as done below.

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
	Cash	(C)		–		Bank	(C)	–

 

 

Question 4:

What is petty cash book? Write the advantages of petty cash book?

Answer:

Petty Cash Book is used for recording payments of small expenses, which are of smaller denominations such as postage, stationery, conveyance, refreshment, etc. Person who maintains Petty Cash Book is known as petty cashier and these small expenses are termed as petty expenses.

It is prepared by the below given two methods.

1. Ordinary system: Under this system, a certain sum of money is given to the petty cashier for the payment of petty expenses. After spending the whole amount, the accounts are submitted by the petty cashier to the main cashier.

2. Imprest system: Under this system, a fixed sum of money is given to the petty cashier in the beginning of a period to meet the petty expenses to be incurred in that period. At the end of the period, the amount spent by the petty cashier is reimbursed. So, the petty cashier has the same fixed amount of money in the beginning of the next period.

The Performa of Petty Cash Book is given below.

Petty Cash Book
Dr.					Cr.
Amount Received	Date	Particulars	Voucher No.	Amount Paid Rs	Analysis of Payments
					Postage	Stationery	Conveyance	Telephone and  Telegram	Miscellaneous	Remarks

 Advantages of Petty Cash Book:

Simple method: Recording of transactions in a petty cash book is easy. In an analytical Petty Cash Book, there exists separate heads for different petty expenses, which makes recording much easier. Recording in a Petty Cash Book does not require formal knowledge of accounting principles and techniques.

Time saving: Recording in Petty Cash Book saves time and efforts of the chief cashier.

Efficient control: At the end of a period,Petty Cash Book is audited by the main cashier, so frauds and errors are less probable.

Convenient handling: Recording in Petty Cash Book is convenient, as entries are to be recorded under separate heads, which makes posting easier and quicker.

Question 5:

Describe the advantages of sub-dividing the Journal.

Answer:

The advantages of sub division of Journal are given below.

1. Division of work: The lack of sub-division of Journal may lead to chaos and confusions, if large numbers of transactions are to be recorded through Journal entry by more than one accountant. There will be more inflexibility and lack of accountability among the accountants. Sub-division of Journal into Subsidiary Books facilitates division of work. Sub-division enables different accountants to work on different books. This will not only avoid confusions but also enhance the sense of accountability among the accountants.

2. Time saving: The art of recording through subsidiary book is time efficient and more effective as compared to recording through Journal entries.

3. Prompt information: The transactions of similar nature are recorded in a particular Subsidiary Book. This acts as a ready source to access information quicker than through Journal entry.

4. Creates Accountability: Sub-division of Journal entrusts accountants with higher degree of responsibility and accountability for maintaining subsidiary book that are assigned to them.

5. Easy checking: In case discrepancies or errors arise, they can be easily located and rectified, as lesser number of transactions is recorded in a Subsidiary Book than in a Journal.

6. Specialisation: The accountability, responsibility and division of work together enhance the specialisation of each accountant. This is because, routine and repetitive tasks are performed by each accountant.

Question 6:

What do you understand by balancing of account?

Answer:

Accounts are prepared on weekly, fortnightly, monthly, quarterly or on daily basis. At the end of each period they are balanced. The balancing of the accounts is done in the manner given below.

1. The totals of the debit and credit of an account is calculated, to ascertain which one of them is higher.

2. The higher figure among debit and credit side is written in the grand total cell on both sides of the account, i.e., in debit and in credit side.

3. The next step is to ascertain the difference between the debit total and the credit total. This difference is called ‘Closing Balance’ or ‘Balance carried down’, and is denoted by ‘Balance c/d’.

4. The ‘Balance c/d’ will be shown either in the debit or credit side, whichever totals up into lower amount.

5. If ‘Balance c/d’ is written in the debit side, then the balance is called ‘Credit balance’. On the other hand, if ‘Balance c/d’ is written in the credit side, then the balance is called ‘Debit Balance’.

6. On closing the account, ‘Balance c/d’ is brought forward to the subsequent period, and it is written as ‘Balance b/d’.

Usually, the closing balances of real and personal accounts are forwarded to the next period by this manner. For nominal accounts, Steps 1 to 3 remain same and they are closed by transferring the closing balances either to Trading Account or to Profit and Loss Account.

Question 1:

Enter the following transactions in a simple cash book for December 2016:

 

		Rs
01	Cash in hand	12,000
05	Cash received from Bhanu	4,000
07	Rent Paid	2,000
10	Purchased goods Murari for cash	6,000
15	Sold goods for cash	9,000
18	Purchase stationery	300
22	Cash paid to Rahul on account	2,000
28	Paid salary	1,000
30	Paid rent	500

 

Answer:

Cash Book
Dr.							Cr.
Date	Particulars	L.F.	Amount Rs	Date	Particulars	L.F.	Amount  Rs
2016				2016
Dec.01	Balance b/d		12,000	Dec.07	Rent		2,000
Dec.05	Bhanu		4,000	Dec.10	Purchases		6,000
Dec.15	Sales		9,000	Dec.18	Stationery		300
				Dec.22	Rahul		2,000
				Dec.28	Salaries		1,000
				Dec.30	Rent		500
				Dec.31	Balance c/d		13,200
			25,000				25,000

 

 

 

Question 2:

Record the following transaction in simple cash book for November 2016:

 

		Rs
01	Cash in hand	12,500
04	Cash paid to Hari	600
07	Purchased goods	800
12	Cash received from Amit	1,960
16	Sold goods for cash	800
20	Paid to Manish	590
25	Paid cartage	100
31	Paid salary	1,000

 

 

Answer:

Cash Book
Dr.							Cr.
Date	Particulars	L.F.	Amount Rs	Date	Particulars	L.F.	Amount Rs
2016				2016
Nov.01	Balance b/d		12,500	Nov.04	Hari		600
Nov.12	Amit		1,960	Nov.07	Purchases		800
Nov.16	Sales		800	Nov.20	Manish		590
				Nov.25	Cartage		100
				Nov.30*	Salaries		1,000
				Nov.30*	Balance c/d		12,170
			15,260				15,260

 

* Note: There is a misprint in the question as there is a transaction on November 31, which is not possible as there are only 30 days in the month of November.

 

 

Question 3:

Enter the following transaction in Simple cash book for December 2017:

 

		Rs
01	Cash in hand	7,750
06	Paid to Sonu	45
08	Purchased goods	600
15	Received cash from Parkash	960
20	Cash sales	500
25	Paid to S. Kumar	1,200
30	Paid rent	600

 

 

Answer:

Cash Book
Dr.							Cr.
Date	Particulars	L.F.	Amount Rs	Date	Particulars	L.F.	Amount Rs
2017				2017
Dec.01	Balance b/d		7,750	Dec.06	Sonu		45
Dec.15	Prakash		960	Dec.08	Purchases		600
Dec.20	Sales		500	Dec.25	S. Kumar		1,200
				Dec.30	Rent		600
				Dec.31	Balance c/d		6,765
			9,210				9,210

 

 

Question 4:

Record the following transactions in a bank column cash book for December 2016:

		Rs
01	Started business with cash	80,000
04	Deposited in bank	50,000
10	Received cash from Rahul	1,000
15	Bought goods for cash	8,000
22	Bought goods by cheque	10,000
25	Paid to Shyam by cash	20,000
30	Drew from Bank for office use	2,000
31	Rent paid by cheque	1,000

 

           

Answer:

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
2016					2016
Dec.01	Capital		80,000		Dec.04	Bank	C	50,000
Dec.04	Cash	C		50,000	Dec.15	Purchases		8,000
Dec.10	Rahul		1,000		Dec.22	Purchases			10,000
Dec.30	Bank	C	2,000		Dec.25	Shyam		20,000
					Dec.30	Cash	C		2,000
					Dec.31	Rent			1,000
					Dec.31	Balance c/d		5,000	37,000
			83,000	50,000				83,000	50,000

 

Question 5:

Prepare a double column cash book with the help of following information for December 2016:

 

		Rs
01	Started business with cash	1,20,000
03	Cash paid into bank	50,000
05	Purchased goods from Sushmita	20,000
06	Sold goods to Dinker and received a cheque	20,000
10	Paid to Sushmita cash	20,000
14	Cheque received on December 06, 2010 deposited into bank
18	Sold goods to Rani	12,000
20	Cartage paid in cash	500
22	Received cash from Rani	12,000
27	Commission received	5,000
30	Drew cash for personal use	2,000

 

 

Answer:

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
2016					2016
Dec.01	Capital		1,20,000		Dec.03	Bank	C	50,000
Dec.03	Cash	C		50,000	Dec.10	Sushmita		20,000
Dec.06	Dinker		20,000		Dec.14	Bank	C	20,000
Dec.14	Cash	C		20,000	Dec.20	Cartage		500
Dec.22	Rani		12,000		Dec.30	Drawings	C	2,000
Dec.27	Commission		5,000		Dec.31	Balance c/d		64,500	70,000
			1,57,000	70,000				1,57,000	70,000

 

 

Question 6:

Enter the following transactions in double column cash book of M/s Ambica Traders for July 2017:

		Rs
01	Commenced business with cash	50,000
03	Opened bank account with ICICI	30,000
05	Purchased goods for cash	10,000
10	Purchased office machine for cash	5,000
15	Sales goods on credit from Rohan and received cheque	7,000
18	Cash sales	8,000
20	Rohan’s cheque deposited into bank
22	Paid cartage by cheque	500
25	Cash withdrawn for personal use	2,000
30	Paid rent by cheque	1,000

 

 

Answer:

Books of M/s. Ambika Traders
Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash   Rs	Bank  Rs	Date	Particulars	L.F.	Cash  Rs	Bank Rs
2017					2017
Jul.01	Capital		50,000		Jul.03	Bank	C	30,000
Jul.03	Cash	C		30,000	Jul.05	Purchases		10,000
Jul.15	Rohan		7,000		Jul.10	Office Machine		5,000
Jul.18	Sales		8,000		Jul.20	Bank	C	7,000
Jul.20	Cash	C		7,000	Jul.22	Cartage			500
					Jul.25	Drawings		2,000
					Jul.30	Rent			1,000
					Jul.30	Balance c/d		11,000	35,500
			65,000	37,000				65,000	37,000

 

 

Question 7:

Prepare double column cash book from the following information for July 2017:

 

		Rs
01	Cash in hand	7,500
	Bank overdraft	3,500
03	Paid wages	200
05	Cash sales	7,000
10	Cash deposited into bank	4,000
15	Goods purchased and paid by cheque	2,000
20	Paid rent	500
25	Drew from bank for personal use	400
30	Salary paid	1,000

 

 

Answer:

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  Rs	Bank  Rs	Date	Particulars	L.F.	Cash Rs	Bank  Rs
2017					2017
Jul.01	Balance b/d		7,500		Jul.01	Balance b/d (Overdraft)			3,500
Jul.05	Sales		7,000		Jul.03	Wages		200
Jul.10	Cash	C		4,000	Jul.10	Bank	C	4,000
					Jul.15	Purchases			2,000
					Jul.20	Rent		500
					Jul.25	Drawings			400
					Jul.30	Salaries		1,000
Jul.30	Balance c/d (Over draft)			1,900	Jul.30	Balance c/d		8,800
			14,500	5,900				14,500	5,900

 

 

Question 8:

Enter the following transaction in a double column cash book of M/s Mohit Traders for January 2017:

		Rs
01	Cash in hand	3,500
	Bank overdraft	2,300
03	Goods purchased for cash	1,200
05	Paid wages	200
10	Cash sales	8,000
15	Deposited into bank	6,000
22	Sold goods for cheque which was deposited into bank same day	2,000
25	Paid rent by cheque	1,200
28	Drew from bank for personal use	1,000
31	Bought goods by cheque	1,000

 

 

Answer:

Books of M/s. Mohit Traders
Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  Rs	Bank Rs	Date	Particulars	L.F.	Cash Rs	Bank Rs
2017					2017
Jan.01	Balance b/d		3,500		Jan.01	Balance b/d (overdraft)			2,300
Jan.10	Sales		8,000		Jan.03	Purchases		1,200
Jan.15	Cash	C		6,000	Jan.05	Wages		200
Jan.22	Sales			2,000	Jan.15	Bank	C	6,000
					Jan.25	Rent			1,200
					Jan.28	Drawings			1,000
					Jan.31	Purchases			1,000
					Jan.31	Balance c/d		4,100	2,500
			11,500	8,000				11,500	8,000

 

 

Question 9:

Prepare double column cash book from the following transactions for the year August 2017:

 

		Rs
01	Cash in hand	17,500
	Cash at bank	5,000
03	Purchased goods for cash	3,000
05	Received cheque from Jasmeet	10,000
08	Sold goods for cash	7,000
10	Jasmeet’s cheque deposited into bank
12	Purchased goods and paid by cheque	20,000
15	Paid establishment expenses through bank	1,000
18	Cash sales	7,000
20	Deposited into bank	10,000
24	Paid trade expenses	500
27	Received commission by cheque	6,000
29	Paid Rent	2,000
30	Withdrew cash for personal use	1,200
31	Salary paid	6,000

 

 

Answer:

[[S]]

Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash   Rs	Bank Rs	Date	Particulars	L.F.	Cash  Rs	Bank  Rs
2017					2017
Aug.01	Balance b/d		17,500	5,000	Aug.03	Purchases		3,000
Aug.05	Jasmeet		10,000		Aug.10	Bank	C	10,000
Aug.08	Sales		7,000		Aug.12	Purchases			20,000
Aug. 10	Cash	C		10,000	Aug.15	Establishment Expenses			1,000
Aug.18	Sales		7,000		Aug.20	Bank	C	10,000
Aug.20	Cash	C		10,000	Aug.24	Trade Expenses		500
Aug.27	Commission			6,000	Aug.29	Rent		2,000
					Aug.30	Drawings		1,200
					Aug.31	Salaries		6,000
					Aug.31	Balance c/d		8,800	10,000
			41,500	31,000				41,500	31,000

 

 

Question 10:

M/s Ruchi trader started their cash book with the following balances on July 2017: cash in hand Rs 1,354 and balance in bank current account Rs 7,560. He had the following transaction in the month of July, 2017:

		Rs
03	Cash sales	2,300
05	Purchased goods, paid by cheque	6,000
08	Cash sales	10,000
12	Paid trade expenses	700
15	Sales goods, received cheque (deposited same day)	20,000
18	Purchased motor car paid by cheque	15,000
20	Cheque received from Manisha (deposited same day)	10,000
22	Cash Sales	7,000
25	Manisha’s cheque returned dishonoured
28	Paid Rent	2,000
29	Paid telephone expenses by cheque	500
31	Cash withdrawn for personal use	2,000

 

Prepare bank column cash book

 

 

Answer:

Books of M/s. Ruchi Trader
Cash Book
Dr.									Cr.
Date	Particulars	L.F.	Cash  Rs	Bank Rs	Date	Particulars	L.F.	Cash  Rs	Bank Rs
2017					2017
Jul.01	Balance b/d		1,354	7,560	Jul.05	Purchases			6,000
Jul.03	Sales		2,300		Jul.12	Trade Expenses		700
Jul.08	Sales		10,000		Jul.18	Motor Car			15,000
Jul.15	Sales			20,000	Jul.25	Manisha (Dishonour)			10,000
Jul.20	Manisha			10,000	Jul.28	Rent		2,000
Jul.22	Sales		7,000		Jul.29	Telephone Expenses			500
					Jul.31	Drawings		2,000
					Jul.31	Balance c/d		15,954	6,060
			20,654	37,560				20,654	37,560

 

 

Question 11:

Prepare petty cash book from the following transactions. The imprest amount is Rs 2,000.

January 2017		Rs
01	Paid cartage	50
02	STD charges	40
02	Bus fare	20
03	Postage	30
04	Refreshment for employees	80
06	Courier charges	30
08	Refreshment of customer	50
10	Cartage	35
15	Taxi fare to manager	70
18	Stationery	65
20	Bus fare	10
22	Fax charges	30
25	Telegrams charges	35
27	Postage stamps	200
29	Repair on furniture	105
30	Laundry expenses	115
31	Miscellaneous expenses	100

 

 

Answer:

Petty Cash Book
Amount Received Rs	Date 2017	Particulars	Voucher No.	Amount Paid Rs	Analysis of Payments
					Telephone Telegram	Postage	Conveyance	Refreshment	Cartage	Miscellaneous
2,000	Jan.01	Cash
	Jan.01	Cartage		50					50
	Jan.02	STD charges		40	40
	Jan.02	Bus Fare		20			20
	Jan.03	Postage		30		30
	Jan.04	Refreshment for Employees		80				80
	Jan.06	Courier charges		30		30
	Jan.08	Refreshment of customer		50				50
	Jan.10	Cartage		35					35
	Jan.15	Taxi Fare to Manager		70			70
	Jan.18	Stationery		65						65
	Jan.20	Bus Fare		10			10
	Jan.22	Fax Charges		30	30
	Jan.25	Telegram Charges		35	35
	Jan.27	Postage stamps		200		200
	Jan.29	Repair to Furniture		105						105
	Jan.30	Laundry Expense		115						115
	Jan.31	Miscellaneous Expenses		100						100
				1,065	105	260	100	130	85	385
	Jan.31	Balance c/d		935
2,000				2,000
935	Feb.01	Balance b/d
1,065	Feb.01	Cash

 

Question 12:

Record the following transactions during the week ending January. 30, 2017 with a weekly imprest Rs 500

 

		Rs
24	Stationery	100
25	Bus fare	12
25	Cartage	40
26	Taxi fare	80
27	Wages to casual labour	90
29	Postage	80

 

 

Answer:

Petty Cash Book
Amount Received Rs	Date	Particulars	Voucher No.	Amount Paid Rs	Analysis of Payments
					Stationery	Conveyance	Cartage	Postage	Miscellaneous
	2017
500	Jan​.24	Cash
	Jan​.24	Stationery		100	100
	Jan​.25	Bus Fare		12		12
	Jan​.25	Cartage		40			40
	Jan​.26	Taxi Fare		80		80
	Jan​.27	Wages to Casual labour		90					90
	Jan​.29	Postage		80				80
				402	100	92	40	80	90
	Jan​.30	Balance c/d		98
	2017			500
98	Jan​.31	Balance b/d
402	Jan​.31	Cash

 

Question 13:

Enter the following transactions in the Purchase Journal (Book) of M/s Gupta Traders of July 2017:
 

01	Bought from Rahul Traders as per invoice no. 20041
	40 Registers @ Rs 60 each
	80 Gel Pens @ Rs 15 each
	50 note books @ Rs 20 each
	Trade discount 10%.
15	Bought from Global Stationers as per invoice no. 1132
	40 Ink Pads @ Rs 8 each
	50 Files @ Rs 10 each
	20 Color Books @ Rs 20 each
	Trade Discount 5%
23	Purchased from Lamba Furniture as per invoice no. 3201
	2 Chairs @ 600 per chair
	1 Table @ 1,000 per table
25	Bought from Mumbai Traders as per invoice no. 1111
	10 Paper Rim @ Rs 100 per rim
	400 drawing Sheets @ Rs 3 each
	20 Packet waters colour @ Rs 40 per packet

Answer:

Books of M/s. Gupta Traders
Purchases Book
Date	Name of Supplier  (Accounts to be credited)	Invoice No.	L.F.	Details (₹)	Amount (₹)
2017
July 01	Rahul Traders	20041
	40 Registers @ ₹60 each			2,400
	80 Gel Pens @ ₹15 each			1,200
	50 Note Books @ ₹20 each			1,000
				4,600
	Less: Trade Discount 10%			(460)	4,140
July 15	Global Stationeries	1132
	40 Ink Pads @ ₹ 8 each			320
	50 Files @ ₹10 each			500
	20 Colour Books @ ₹20 each			400
				1,220
	Less: Trade discount 5%			(61)	1,159
July 25	Mumbai Traders	1111
	10 Paper Rim @ ₹100 each			1,000
	400 Drawing Sheet @ ₹ 3 each			1,200
	20 Packet Water Colour @ ₹40 per pack			800	3,000
	Purchases Account				8299

 

 

Note: Furniture purchased from Lamba Traders will not be recorded in the Purchases Book as furniture is not to be considered as goods for the M/s Gupta Trader. This is because as per the transactions M/s. Gupta traders deals in stationery and not in furniture.

 

Note: Slight change in the Performa of subsidiary book is done. Here ‘Details’ column has been added in Purchase Book.

 

 

Question 14:

Enter the following transactions in sales (journal) book of M/s. Bansal electronics:
2014

September

01	Sold to Amit Traders as per bill no.4321
	20 Pocket Radio @ 70 per Radio
	2, T.V. set, B&W.(6'') @ 800 Per T.V.
	10. Sold to Arun Electronics as per bill no.4351
	5 T.V. sets (20'') B&W @ Rs 3,000 per T.V.
	2 T.V. sets (21'') Colour @ Rs 4,800 per T.V.
22	Sold to Handa Electronics as per bill no.4,399
	10 Tape recorders @ Rs 600 each
	5 Walkman @ Rs 300 each
28	Sold to Harish Trader as per bill no.4430
	10 Mixer Juicer Grinder @ Rs 800 each.

 

 

Answer:

Books of M/s. Bansal Electronics Sales Book
Date	Name of the Customer (Accounts to be debited)	Invoice No.	L.F.	Details (₹)	Amount (₹)
Sept.01	Amit Traders	4321
	20 Pocket Radio @ ₹70 Per Radio			1,400
	2 T.V. Set, B&W (6") @ ₹800 per T.V.			1,600	3,000
Sept.10	Arun Electronics	4351
	5 T.V. sets (20") B&W @ ₹3,000 per T.V.			15,000
	2 T.V. sets (21") Colour @ ₹4,800 per T.V.			9,600	24,600
Sept.22	Handa Electronics	4399
	10 Tape Recorders @ ₹600 each			6,000
	5 Walkman @ ₹300 each			1,500	7,500
Sept.28	Harish Traders	4430
	10 Mixer Juicer Grinder @ ₹800 each			8,000	8,000
	Sales Account				43,100

Question 15:

Prepare a purchases return (journal) book from the following transactions for April 2017.

		Rs
05	Returned goods to M/s Kartik Traders	1,200
10	Goods returned to Sahil Pvt. Ltd.	2,500
17	Goods returned to M/s Kohinoor Traders for list price Rs 2,000 less 10% trade discount.
28	Return outwards to M/s Handa Traders	550

 

 

Answer:

Purchases Return Book
Date	Name of Supplier  (Account to be debited)						Debit Note No.			L.F.	Amount (₹)
2017
Apr. 05	M/s Kartik Traders										1,200
Apr. 10	Sahil Pvt. Ltd.										2,500
Apr. 17	M/s Kohinoor Trader
	List Price	2,000
	Less: 10% Trade discount	(200)									1,800
Apr. 28	M/s Handa Traders										550
	Purchases Return Account										6,050

Note: As per the book total of Purchases Return Book is given as ₹6,150 however, the answer is coming out to be as ₹6,050

Question 16:

Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:
2017
July

		Rs
04	M/s Gupta Traders returned the goods	1,500
10	Goods returned from M/s Harish Traders	800
18	M/s Rahul Traders returned the goods not as per specifications	1,200
28	Goods returned from Sushil Traders	1,000

Answer:

Sales Return Book
Date	Name of Customer (Account to be credited)	Credit Note  No.	L.F.	Amount (₹)
2017
Jul.04	M/s Gupta Traders			1,500
Jul.10	M/s Harish Traders			800
Jul.18	M/s Rahul Traders			1,200
Jul.28	Sushil Traders			1,000
	Sales Return Account			4,500

 

Question 17:

Prepare proper subsidiary books and post them to the ledger from the following transactions for the month of February 2017:
2017
February

		Rs
01	Goods sold to Sachin	5,000
04	Purchase from Kushal Traders	2,480
06	Sold goods to Manish Traders	2,100
07	Sachin returned goods	600
08	Returns to Kushal Traders	280
10	Sold to Mukesh	3,300
14	Purchased from Kunal Traders	5,200
15	Furniture purchased from Tarun	3,200
17	Bought of Naresh	4,060
20	Return to Kunal Traders	200
22	Return inwards from Mukesh	250
24	Purchased goods from Kirit & Co. for list price of	5,700
	less 10% trade discount
25	Sold to Shri Chand goods	6,600
	less 5% trade discount
26	Sold to Ramesh Brothers	4,000
28	Return outwards to Kirit and Co.	1,000
	less 10% trade discount
28	Ramesh Brothers returned goods Rs 500.

Answer:

Journal
Purchases Book
Date	Name of Supplier  (Accounts to be credited)		Invoice No.	L.F.	Amount  (₹)
2017
Feb.04	Kushal Traders				2,480
Feb.14	Kunal Traders				5,200
Feb.17	Naresh				4,060
Feb.24	Kirit and Co.
	Less: Trade Discount 10%				5,130
	Purchases Account				16,870

 

Sales Book
Date	Name of Customer (Accounts to be debited)		Invoice No.	L.F.	Amount  (₹)
2017
Feb. 01	Sachin				5,000
Feb.06	Manish Traders				2,100
Feb.10	Mukesh				3,300
Feb.25	Shri Chand
	Less: 5% Trade Discount				6,270
Feb.26	Ramesh Brothers				4,000
	Sales Account				20,670

 

Sales Return Book
Date	Name of Customer  (Accounts to be credited)	Credit Note	L.F.	Amount  (₹)
2017
Feb.07	Sachin			600
Feb.22	Mukesh			250
Feb.28	Ramesh Brothers			500
	Sales Return Account			1,350

 

Purchases Return Book
Date	Name of Supplier (Accounts to be debited)		Debit Note	L.F.	Amount (₹)
2017
Feb.08	Kushal Traders				280
Feb.20	Kunal Traders				200
Feb.28	Kirit and Co.
	Less: 10% Trade Discount				900
	Purchases Return A/c				1,380

 

 

Journal Proper
Date				Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2017
Feb.15	Furniture A/c				Dr.		3,200
		To Tarun						3,200
	(Furniture purchased from Tarun)

 

 

Ledger
Purchases Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Purchases Book		16,870
				Feb.28	Balance c/d		16,870
			16,870				16,870

 

 

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per Sales Book		20,670
Feb.28	Balance c/d		20,670
			20,670				20,670

 

 

Sales Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Sundries as per Sales Return Book		1,350
				Feb.28	Balance c/d		1,350
			1,350				1,350

 

 

Purchases Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.28	Sundries as per Purchases Return Book		1,380
Feb.28	Balance c/d		1,380
			1,380				1,380

  

 

Sachin’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.01	Sales		5,000	Feb.07	Sales Return		600
				Feb.28	Balance c/d		4,400
			5,000				5,000

 

 

Kushal Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount  (₹)
2017				2017
Feb.08	Purchases Return		280	Feb.04	Purchases		2,480
Feb.28	Balance c/d		2,200
			2,480				2,480

 

 

Manish Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  (₹)	Date	Particulars	J.F.	Amount  (₹)
2017				2017
Feb.06	Sales		2,100
				Feb.28	Balance c/d		2,100
			2,100				2,100

  

 

Mukesh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.10	Sales		3,300	Feb.22	Sales Return		250
				Feb.28	Balance c/d		3,050
			3,300				3,300

 

 

Kunal Traders’ Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.20	Purchase Return		200	Feb.14	Purchases		5,200
Feb.28	Balance c/d		5,000
			5,200				5,200

 

 

Furniture Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.15	Tarun		3,200
				Feb.28	Balance c/d		3,200
			3,200				3,200

 

 

Tarun’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.15	Furniture		3,200
Feb.28	Balance c/d		3,200
			3,200				3,200

 

 

Naresh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
				Feb.17	Purchases		4,060
Feb.28	Balance c/d		4,060
			4,060				4,060

  

 

Kirit & Co. Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.28	Purchases Return		900	Feb.24	Purchases		5,130
Feb.28	Balance c/d		4,230
			5,130				5,130

 

  

Shri Chand & Co. Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.25	Sales		6,270
				Feb.28	Balance c/d		6,270
			6,270				6,270

  

 

Ramesh’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2017				2017
Feb.26	Sales		4,000	Feb.28	Sales Return		500
				Feb.28	Balance c/d		3,500
			4,000				4,000

 

 

Question 18:

The following balances of ledger of M/s Marble Traders on April 01, 2017

	Rs
Cash in hand	6,000
Cash at bank	12,000
Bills receivable	7,000
Ramesh (Cr.)	3,000
Stock (Goods)	5,400
Bills payable	2,000
Rahul (Dr.)	9,700
Himanshu (Dr.)	10,000

 

Transactions during the month were:

April		Rs
01	Goods sold to Manish	3,000
02	Purchased goods from Ramesh	8,000
03	Received cash from Rahul in full settlement	9,200
05	Cash received from Himanshu on account	4,000
06	paid to Remesh by cheque	6,000
08	Rent paid by cheque	1,200
10	Cash received from manish	3,000
12	Cash sales	6,000
14	Goods returned to Ramesh	1,000
15	Cash paid to Ramesh in full settlement	3,700
	Discount received	300
18	Goods sold to Kushal	10,000
20	Paid trade expenses	200
21	Drew for personal use	1,000
22	Goods return from Kushal	1,200
24	Cash received from Kushal	6,000
26	Paid for stationery	100
27	Postage charges	60
28	Salary Paid	2,500
29	Goods purchased from Sheetal Traders	7,000
30	Sold goods to Kirit	6,000
	Goods purchased from Handa Traders	5,000

 

Journalise the above transactions and post them to the ledger.

 

 

Answer:

Books of M/s. Marble Traders
Journal
Date	Particulars				L.F.	Debit Amount Rs	Credit Amount Rs
2017	Cash A/c			Dr.		6,000
Apr.01	Bank A/c			Dr.		12,000
	Bills Receivable A/c			Dr.		7,000
	Stock A/c			Dr.		5,400
	Rahul's A/c			Dr.		9,700
	Himanshu A/c			Dr.		10,000
		To Ramesh's A/c					3,000
		To Bills Payable A/c					2,000
		To Capital A/c (Balancing figure )					45,100
	(Balance brought from last year)
Apr.01	Manish			Dr.		3,000
		To Sales A/c					3,000
	(Goods sold to Manish)
Apr.02	Purchases A/c			Dr.		8,000
		To Ramesh					8,000
	(Goods purchased from Ramesh)
Apr.03	Cash A/c			Dr.		9,200
	Discount Allowed A/c			Dr.		500
		To Rahul					9,700
	(Cash received from Rahul and discount allowed)
Apr. 05	Cash A/c			Dr.		4,000
		To Himanshu					4,000
	(Cash received from Himanshu)
Apr.06	Ramesh			Dr.		6,000
		To Bank A/c					6,000
	(Cheque issued to Ramesh)
Apr. 08	Rent A/c			Dr.		1,200
		To Bank A/c					1,200
	(Rent paid by cheque)
Apr.10	Cash A/c			Dr.		3,000
		To Manish					3,000
	(Cash received from Manish)
Apr.12	Cash A/c			Dr.		6,000
		To Sales A/c					6,000
	(Goods sold for cash)
Apr.14	Ramesh			Dr.		1,000
		To Purchases Return A/c					1,000
	(Goods returned to Ramesh)
Apr.15	Ramesh			Dr.		4,000
		To Cash A/c					3,700
		To Discount Received A/c					300
	(Cash paid to Ramesh and discount received)
Apr.18	Kushal			Dr.		10,000
		To Sales A/c					10,000
	(Goods sold to Kushal)
Apr.20	Trade Expenses A/c			Dr.		200
		To Cash A/c					200
	(Trade expenses paid)
Apr.21	Drawings A/c			Dr.		1,000
		To Cash A/c					1,000
	(Cash withdrawn for personal use)
Apr.22	Sales Return A/c			Dr.		1,200
		To Kushal					1,200
	(Kushal returned goods)
Apr.24	Cash A/c			Dr.		6,000
		To Kushal					6,000
	(Cash received from Kushal)
Apr.26	Stationery A/c			Dr.		100
		To Cash A/c					100
	(Stationery paid)
Apr.27	Postages A/c			Dr.		60
		To Cash A/c					60
	(Postage charges paid)
Apr.28	Salaries A/c			Dr.		2,500
		To Cash A/c					2,500
	(Salary paid)
Apr.29	Purchases A/c			Dr.		7,000
		To Sheetal Traders					7,000
	(Goods purchased from Sheetal Traders)
Apr.30	Kirit			Dr.		6,000
		To Sales A/c					6,000
	(Goods sold to Kirit)
Apr.30	Purchases A/c			Dr.		5,000
		To Handa Traders					5,000
	(Goods purchased from Handa Traders)
	Total					1,35,060	1,35,060

 

 

Ledger
Cash Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		6,000	Apr.15	Ramesh		3,700
Apr.03	Rahul		9,200	Apr.20	Trade Expenses		200
Apr.05	Himanshu		4,000	Apr.21	Drawings		1,000
Apr.10	Manish		3,000	Apr.26	Stationary		100
Apr.12	Sales		6,000	Apr.27	Postage		60
Apr.24	Kushal		6,000	Apr.28	Salaries		2,500
				Apr.30	Balance c/d		26,640
			34,200				34,200

 

 

Bank Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.01	Balance b/d		12,000	Apr.06	Ramesh		6,000
				Apr.08	Rent		1,200
				Apr.30	Balance c/d		4,800
			12,000				12,000

  

 

Bills Receivable Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		7,000
				Apr.30	Balance c/d		7,000
			7,000				7,000

 

 

Stock Account
Dr.							Cr.
Date	Particulars	J.F.	Amount   Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
Apr.01	Balance b/d		5,400
				Apr.30	Balance c/d		5,400
			5,400				5,400

 

 

Rahul’sAccount
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
Apr.01	Balance b/d		9,700	Apr.03	Cash		9,200
				Apr.03	Discount Allowed		500
			9,700				9,700

  

 

Himanshu'sAccount
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.01	Balance b/d		10,000	Apr.05	Cash		4,000
				Apr.30	Balance c/d		6,000
			10,000				10,000

  

 

Ramesh'sAccount

Dr.

Cr.

Date

Particulars

J.F.

Amount  Rs

Date

Particulars

J.F.

Amount  Rs

2017

2017

Apr.06

Bank

6,000

Apr.01

Balance b/d

3,000

Apr.14

Purchases Return

1,000

Apr.02

Purchases

8,000

Apr.15

Cash

3,700

Apr.15

Discount Received

300

11,000

11,000

 

 

Bills Payable Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
				Apr.01	Balance b/d		2,000
Apr.30	Balance c/d		2,000
			2,000				2,000

  

 

Capital Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
				Apr.01	Balance b/d		45,100
Apr.30	Balance c/d		45,100
			45,100				45,100

  

 

Manish’s Account
Dr.							Cr.
Date	Particulars	J.F.	Amount   Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
Apr.01	Sales		3,000	Apr.10	Cash		3,000
			3,000				3,000

  

 

Sales Account
Dr.							Cr.
Date	Particulars	J.F.	Amount   Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
				Apr.01	Manish		3,000
				Apr.12	Cash		6,000
				Apr.18	Kushal		10,000
Apr.30	Balance c/d		25,000	Apr.30	Kirit		6,000
			25,000				25,000

  

 

Purchases Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
Apr.02	Ramesh		8,000
Apr.29	Sheetal Traders		7,000
Apr.30	Handa Traders		5,000	Apr.30	Balance c/d		20,000
			20,000				20,000

  

 

Discount Allowed Account
Dr.							Cr.
Date	Particulars	J.F.	Amount   Rs	Date	Particulars	J.F.	Amount   Rs
2017				2017
Apr.03	Rahul		500
				Apr.30	Balance c/d		500
			500				500

  

 

Rent Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.08	Bank		1,200
				Apr.30	Balance c/d		1,200
			1,200				1,200

  

 

Discount Received Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
				Apr.15	Ramesh		300
Apr.30	Balance c/d		300
			300				300

  

 

Kushal'sAccount
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.18	Sales		10,000	Apr.22	Sales Return		1,200
				Apr.24	Cash		6,000
				Apr.30	Balance c/d		2,800
			10,000				10,000

  

 

Trade Expenses Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.20	Cash		200
				Apr.30	Balance c/d		200
			200				200

  

 

Drawing's Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.21	Cash
			1,000	Apr.30	Balance c/d		1,000
			1,000				1,000

  

 

Sales Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.22	Kushal		1,200
				Apr.30	Balance c/d		1,200
			1,200				1,200

  

 

Stationery Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.26	Cash		100
				Apr.30	Balance c/d		100
			100				100

  

 

Postages Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.27	Cash		60
				Apr.30	Balance c/d		60
			60				60

  

Salaries Account
Dr.							Cr.
Date	Particulars	J.F.	Amount Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.28	Cash		2,500
				Apr.30	Balance c/d		2,500
			2,500				2,500

  

 

SheetalTrader's Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
				Apr.29	Purchases		7,000
Apr.30	Balance c/d		7,000
			7,000				7,000

 

  

HandaTrader's Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
				Apr.30	Purchases		5,000
Apr.30	Balance c/d		5,000
			5,000				5,000

  

 

Purchases Return Account
Dr.							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount Rs
2017				2017
				Apr.14	Ramesh		1,000
Apr.30	Balance c/d		1,000
			1,000				1,000

  

 

Kirit'sAccount
Dr							Cr.
Date	Particulars	J.F.	Amount  Rs	Date	Particulars	J.F.	Amount  Rs
2017				2017
Apr.30	Sales		6,000
				Apr.30	Balance c/d		6,000
			6,000				6,000

 

 

NCERT Class 11 Accountancy (Financial Accounting Part I)

Class 11 Accountancy Chapters | Accountancy Class 11 Chapter 4

NCERT Solutions For Class 11 Accountancy

Class 11 Accountancy NCERT Solutions: Financial Accounting Part I

NCERT Solutions For Class 11 Accountancy Chapter 1 Introduction to Accounting
NCERT Solutions For Class 11 Accountancy Chapter 2 Theory Base of Accounting
NCERT Solutions For Class 11 Accountancy Chapter 3 Recording of Transactions - I
NCERT Solutions For Class 11 Accountancy Chapter 4 Recording of Transactions - II
NCERT Solutions For Class 11 Accountancy Chapter 5 Bank Reconciliation Statement
NCERT Solutions For Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors
NCERT Solutions For Class 11 Accountancy Chapter 7 Depreciation, Provisions and Reserves
NCERT Solutions For Class 11 Accountancy Chapter 8 Bill of Exchange

NCERT Solutions For Class 11 Accountancy

Class 11 Accountancy NCERT Solutions: Financial Accounting Part II

NCERT Solutions For Class 11 Accountancy Chapter 9 Financial Statements - I
NCERT Solutions For Class 11 Accountancy Chapter 10 Financial Statements - II
NCERT Solutions For Class 11 Accountancy Chapter 11 Accounts from Incomplete Records
NCERT Solutions For Class 11 Accountancy Chapter 12 Applications of Computers in Accounting
NCERT Solutions For Class 11 Accountancy Chapter 13 Computerised Accounting System

NCERT Solutions for Class 12 All Subjects	NCERT Solutions for Class 10 All Subjects
NCERT Solutions for Class 11 All Subjects	NCERT Solutions for Class 9 All Subjects

NCERT SOLUTIONS