Accountancy Dk Goel 2019 for Class 11 Commerce Accountancy Chapter 3

Question 1:

Enter the following transactions in the Journal of Manohar Lal & Sons.:-

2019		₹
March 1	Manohar Lal & Sons started business with cash	60,000
2	Purchased furniture for cash	10,000
4	Purchased goods for cash	25,000
5	Bought goods from Kamlesh	15,000
10	Paid cash to Kamlesh	15,000
16	Purchased goods from Sohan	6,000
18	Purchased goods from Sohan for cash	8,000
20	Paid rent for the office	1,000

Answer:

Journal In the Books of Manohar Lal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Mar. 01	Cash A/c	Dr.		60,000
	To Capital A/c				60,000
	( Started business with cash)

Mar. 02	Furniture A/c	Dr.		10,000
	To Cash A/c				10,000
	(Furniture purchased for cash)

Mar. 04	Purchases A/c	Dr.		25,000
	To Cash A/c				25,000
	( Goods purchased for cash)

Mar. 05	Purchases A/c	Dr.		15,000
	To Kamlesh’s A/c				15,000
	(Goods purchased from Kamlesh)

Mar. 10	Kamlesh’s A/c	Dr.		15,000
	To Cash A/c				15,000
	(Cash paid to Kamlesh)

Mar. 16	Purchases A/c	Dr.		6,000
	To Sohan’s A/c				6,000
	(Goods purchased from Sohan)

Mar. 18	Purchases A/c	Dr.		8,000
	To Cash A/c				8,000
	(Goods purchased from Sohan for cash)

Mar. 20	Rent A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid office rent)
	TOTAL			1,40,000	1,40,000

Question 2:

Enter the following transactions in the Journal of M/s Tripathi Bros. :-

2019		₹
Jan. 6	Sold goods for cash	36,000
8	Sold goods to Hari	30,000
14	Received cash from Hari	18,000
26	Received Commission	750
27	Paid Salary to Gopal	1,200
28	Received cash from Hari	12,000
29	Withdrew cash from office for personal use	4,000
30	Wages paid	7,200
30	Bought Machinery for Cash	8,000

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Jan 06	Cash A/c	Dr.		36,000
	To Sales A/c				36,000
	(Sold goods for cash)

Jan 08	Hari A/c	Dr.		30,000
	To Sales A/c				30,000
	(Sold goods to Hari)

Jan 14	Cash A/c	Dr.		18,000
	To Hari A/c				18,000
	(Received cash from Hari)

Jan 26	Cash A/c	Dr.		750
	To Commission A/c				750
	(Received commission)

Jan 27	Salary A/c	Dr.		1,200
	To Cash A/c				1,200
	(Paid salary to Gopal)

Jan 28	Cash A/c	Dr.		12,000
	To Hari A/c				12,000
	(Received cash from Hari)

Jan 29	Drawings A/c	Dr.		4,000
	To Cash A/c				4,000
	(Drew cash for personal use)

Jan 30	Wages A/c	Dr.		7,200
	To Cash A/c				7,200
	(Paid wages)

Jan 30	Machinery A/c	Dr.		8,000
	To Cash A/c				8,000
	(Purchased machinery)
				1,17,150	1,17,150

Question 3:

Enter the following transactions in the Journal of Sahil Bros. :

2018			₹
October	1	Purchased goods from Anil for Cash	40,000
	3	Purchased goods from Atul	75,000
	6	Returned goods to Atul	3,000
	8	Paid cash to Atul	50,000
	10	Sold goods to Charu	1,00,000
	12	Charu returned 20% of goods
	15	Paid rent	2,000
	20	Sahil withdrew for personal use	10,000

Answer:

Journal In the Books of Sahil
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Oct. 01	Purchases A/c	Dr.		40,000
	To Cash A/c				40,000
	(Goods purchased from Anil for cash)

Oct. 03	Purchases A/c	Dr.		75,000
	To Atul’s A/c				75,000
	(Goods purchased from Atul)

Oct. 06	Atul’s A/c	Dr.		3,000
	To Purchases Return A/c				3,000
	(Goods returned to Atul)

Oct. 08	Atul’s A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash paid to Atul)

Oct. 10	Charu’s A/c	Dr.		1,00,000
	To Sales A/c				1,00,000
	( Goods sold to Charu)

Oct. 12	Sales Return A/c	Dr.		20,000
	To Charu’s A/c				20,000
	(Goods returned to Charu)

Oct. 15	Rent A/c	Dr.		2,000
	To Cash A/c				2,000
	(Rent paid)

Oct. 20	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Cash withdrawn for personal use)
	TOTAL			3,00,000	3,00,000

Question 4:

Enter the following transactions in the Journal of Ganesh Bros. :

2017		₹
March 3	Sold goods to Dev	1,00,000
5	Received from Dev in full settlement of his account	98,000
6	Sold goods to Manmohan	80,000
8	Manmohan returned goods	1,000
15	Received from Manmohan in full settlement of his account	78,200
16	Received cash from Ram	19,500
	and discount allowed	500
20	Paid cash to Pawan	4,700
	and discount received from him	300
25	Sold goods to Varun of the list price of ₹ 25,000 at 20% trade discount

Answer:

Journal In the Books of Ganesh
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Mar. 03	Dev’s A/c	Dr.		1,00,000
	To Sales A/c				1,00,000
	(Goods sold to Dev)

Mar. 05	Cash A/c	Dr.		98,000
	Discount Allowed A/c	Dr.		2,000
	To Dev’s A/c				1,00,000
	(Cash received from Dev in full settlement of his account)

Mar. 06	Manmohan’s A/c	Dr.		80,000
	To Sales A/c				80,000
	(Goods sold to Manmohan)

Mar. 08	Sales Return A/c	Dr.		1,000
	To Manmohan’s A/c				1,000
	(Goods returned to Manmohan)

Mar. 15	Cash A/c	Dr.		78,200
	Discount Allowed A/c	Dr.		800
	To Manmohan’s A/c				79,000
	(Cash received from Manmohan in full settlement of his account)

Mar. 16	Cash A/c	Dr.		19,500
	Discount Allowed A/c	Dr.		500
	To Ram’s A/c				20,000
	(Cash received from Ram and discount allowed)

Mar. 20	Pawan’s A/c	Dr.		5,000
	To Cash A/c				4,700
	To Discount Received A/c				300
	(Cash paid to Pawan and received discount)

Mar. 25	Varun’s A/c	Dr.		20,000
	To Sales A/c				20,000
	(Goods sold @ 20% trade discount)
	TOTAL			4,05,000	4,05,000

Question 5:

Pass Journal entries in the books of Hari Shankar & Co. from the following:

2017		₹
April 1	Commenced business with cash	50,000
2	Purchased goods from Subhash	20,000
4	Sold goods to Ramnath	15,000
6	Ramnath returned defective goods	1,000
10	Received cash from Ramnath and	13,800
	Discount allowed	200
12	Gopal sold goods to us	10,000
14	Paid to Gopal in full settlement of his account after deducting 5% discount.
15	Paid Rent	10,000
16	Paid Rent of Hari Shankar's residence	5,000
18	Purchased goods for cash from Govind for ₹ 6,000 at 20% trade discount.
20	Purchased goods from Govind for ₹ 10,000 at 20% trade discount.
24	Paid to Govind ₹ 7,850 in full settlement of his account.
25	Paid to Subhash ₹ 4,750; discount received ₹ 250.
30	Paid Wages ₹ 400; Salaries ₹ 4,000; Advertisement expenses ₹ 800 and Trade expenses ₹ 1,000.

Answer:

Journal In the Books of Hari Shankar & Co.
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2017
Apr. 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

Apr. 02	Purchases A/c	Dr.		20,000
	To Subhash’s A/c				20,000
	(Goods purchased from Subhash)

Apr. 04	Ramnath’s A/c	Dr.		15,000
	To Sales A/c				15,000
	(Goods sold to Ramnath)

Apr. 06	Sales Return A/c	Dr.		1,000
	To Ramnath’s A/c				1,000
	(Goods returned to Ramnath)

Apr. 10	Cash A/c	Dr.		13,800
	Discount Allowed A/c	Dr.		200
	To Ramnath’s A/c				14,000
	(Cash received from Ramnath and allowed discount)

Apr. 12	Purchases A/c	Dr.		10,000
	To Gopal’s A/c				10,000
	(Goods purchased from Gopal)

Apr. 14	Gopal’s A/c	Dr.		10,000
	To Cash A/c				9,500
	To Discount Received A/c				500
	(Cash paid to Gopal in full settlement of his account)

Apr. 15	Rent A/c	Dr.		10,000
	To Cash A/c				10,000
	(Rent paid)

Apr. 16	Drawings A/c	Dr.		5,000
	To Cash A/c				5,000
	(Rent paid for Hari Shankar’s residence)

Apr. 18	Purchases A/c	Dr.		4,800
	To Cash A/c				4,800
	(Goods purchased for cash at 20% trade discount)

Apr. 20	Purchases A/c	Dr.		8,000
	To Govind’s A/c				8,000
	(Goods purchased from Govind at 20% trade discount)

Apr. 24	Govind’s A/c	Dr.		8,000
	To Cash A/c				7,850
	To Discount Received A/c				150
	(Cash paid to Govind in full settlement of his account)

Apr. 25	Subhash’s A/c	Dr.		5,000
	To Cash A/c				4,750
	To Discount Received A/c				250
	(Cash paid to Subhash in full settlement of his account)

Apr. 30	Wages A/c	Dr.		400
	Salaries A/c	Dr.		4,000
	Advertisement Expenses A/c	Dr.		800
	Trade Expenses A/c	Dr.		1,000
	To Cash A/c				6,200
	(Expenses paid)
	TOTAL			1,67,000	1,67,000

Question 6:

Enter the following transaction in the Journal of Marutinandan Stores:

2017
Jan. 10		Purchased goods from Ghanshyam of the list price of ₹ 50,000 at 15% trade discount.
13		Returned goods to Ghanshyam of the list price of ₹ 2,000.
15		Paid cash to Ghanshyam ₹ 40,000 in full settlement of his account.
20		Purchased goods from Raghu of the list price of ₹ 60,000 at 10% trade discount.
22		Returned goods to Raghu of the list price of ₹ 5,000.
25		Paid cash to Raghu ₹ 49,000 in full settlement of his account.

Answer:

Journal In the Books of Marutinandan Stores
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 10	Purchases A/c	Dr.		42,500
	To Ghanshyam’s A/c				42,500
	(Goods purchased at 15% trade discount)

Jan. 13	Ghanshyam’s A/c	Dr.		1,700
	To Purchases Return A/c				1,700
	(Goods returned to Ghanshyam deducting trade discount of 15%)

Jan. 15	Ghanshyam’s A/c	Dr.		40,800
	To Cash A/c				40,000
	To Discount Received A/c				800
	(Cash paid to Ghanshyam in full settlement of his account)

Jan. 20	Purchases A/c	Dr.		54,000
	To Raghu’s A/c				54,000
	(Goods purchased from Raghu at trade discount of 10%)

Jan. 22	Raghu’s A/c	Dr.		4,500
	To Purchases Return A/c				4,500
	(Goods returned to Raghu deducting trade discount of 10%)

Jan. 25	Raghu’s A/c	Dr.		49,500
	To Cash A/c				49,000
	To Discount Received A/c				500
	(Cash paid to Raghu in full settlement of his account)
				1,93,000	1,93,000

Question 7:

Pass Journal Entries for the following transactions:

2017
Jan 6		Sold goods to Muskan of the list price of ₹ 2,00,000 at trade discount of 20%.
8		Muskan returned goods of the list price of ₹ 5,000.
15		Received from Muskan the full payment under a cash discount of 4%.

Answer:

Journal In the Books of …
Date	Particulars		L. F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 06	Muskan’s A/c	Dr.		1,60,000
	To Sales A/c				1,60,000
	(Goods sold to Muskan at trade discount of 20%)

Jan. 08	Sales Return A/c			4,000
	To Muskan’s A/c				4,000
	(Goods returned by Muskan deducting trade discount of 20%)

Jan. 15	Cash A/c	Dr.		1,49,760
	Discount Allowed A/c	Dr.		6,240
	To Muskan’s A/c				1,56,000
	(Cash received from Muskan in full settlement of her account)
				3,20,000	3,20,000

Question 8:

Give Journal Entries for the following transactions in the books of Raja Ram & Co. :

2017
March 3		Bought goods for cash of the list price of ₹ 80,000 at 10% trade discount and 2 $\frac{1}{2}$ % cash discount.
5		Sold goods for cash of the list price of ₹ 1,00,000 at 15% trade discount and 3% cash discount.
6		Sold goods to Nagpal of the list price of ₹ 50,000 at 20% trade discount.
8		Nagpal returned one-fourth of the above goods.
10		Nagpal settled the account by paying cash under a discount of 5%.

Answer:

Journal In the Books of Raja Ram
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Mar. 03	Purchases A/c	Dr.		72,000
	To Cash A/c				70,200
	To Discount Received A/c				1,800
	(Goods purchased for cash and received cash discount)

Mar. 05	Cash A/c	Dr.		82,450
	Discount Allowed A/c	Dr.		2,550
	To Sales A/c				85,000
	(Goods sold for cash and allowed cash discount)

Mar. 06	Nagpal’s A/c	Dr.		40,000
	To Sales A/c				40,000
	(Goods sold to Nagpal)

Mar. 08	Sales Return A/c	Dr.		10,000
	To Nagpal’s A/c				10,000
	(Goods returned by Nagpal)

Mar. 10	Cash A/c	Dr.		28,500
	Discount Allowed A/c	Dr.		1,500
	To Sales A/c				30,000
	(Cash received in full settlement)
	TOTAL			2,37,000	2,37,000

Question 9:

Pass Journal entries in the books of Raghunath Bros. from the following transactions:-

2016
June 01	Raghunath Bros. started business with cash ₹ 80,000; Goods ₹ 40,000 and furniture ₹ 20,000.
June 02	Sold goods to Nandlal of the list price of ₹ 20,000 at trade discount of 10%.
June 04	Nandlal returned goods of the list price of ₹ 4,000.
June 08	Received from Nandlal ₹ 14,150 in full settlement of his account.
June 10	Purchased goods from Brij Mohan of the list price of ₹ 10,000 at 15% trade discount.
June 13	Returned goods to Brij Mohan of the list price of ₹ 1,000.
June 16	Settled the account of Brij Mohan by paying cash, under a discount of 4%.
June 18	Purchased goods from Anil ₹ 5,000; Sunil ₹ 10,000.
June 19	Paid cash to Anil ₹ 1,900 and discount received ₹ 100.
June 20	Paid ₹ 9,800 to Sunil in full settlement of his account.
June 20	Bought a 'Table Fan' for ₹ 8,000 for the domestic use of Raghunath.
June 25	Sold goods for cash of the list price of ₹ 8,000 at 10% trade discount and 3% cash discount.
June 30	Paid Rent ₹ 8,000; Trade Expenses ₹ 7,000 and Travelling Expenses ₹ 3,800.

Answer:

Journal In the books of Raghunath Bros.
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2016
June 01	Cash A/c	Dr.		80,000
	Stock A/c	Dr.		40,000
	Furniture A/c	Dr.		20,000
	To Capital A/c				1,40,000
	(started business with cash, goods and furniture)

June 02	Nandlal	Dr.		18,000
	To Sales A/c				18,000
	(goods sold to Nandlal @ 10% Trade discount)

June 04	Sales return A/c	Dr.		3,600
	To Nandlal				3,600
	(goods sold to Nandlal returned)

June 08	Cash A/c	Dr.		14,150
	Discount allowed A/c	Dr.		250
	To Nandlal				14,400
	(cash received from Nandlal in full settlement)

June 10	Purchases A/c	Dr.		8,500
	To Brij Mohan				8,500
	(purchased goods from Brij Mohan on credit)

June 13	Brij Mohan	Dr.		850
	To Purchase Return A/c				850
	(purchased goods returned by Brij Mohan)

June 16	Brij Mohan	Dr.		7,650
	To discount received A/c				306
	To Cash A/c				7,344
	(settled amount due to Brij Mohan)

June 18	Purchases A/c	Dr.		15,000
	To Anil				5,000
	To Sunil				10,000
	(credit purchase from Anil & Sunil)

June 19	Anil			2,000
	To discount received A/c				100
	To Cash A/c				1,900
	(cash paid to Anil and received discount)

June 20	Sunil	Dr.		10,000
	To discount received A/c				200
	To Cash A/c				9,800
	(cash paid to Sunil and received discount)

June 20	Drawings A/c	Dr.		8,000
	To Cash A/c				8,000
	(table fan purchased for personal use)

June 25	Cash A/c			6,984
	Discount allowed A/c			216
	To Sales A/c				7,200
	(cash sales @10% TD & @5% Cash Discount)

June 30	Rent A/c	Dr.		8,000
	Trade expenses A/c	Dr.		7,000
	Travelling A/c	Dr.		3,800
	To Cash A/c				18,800
	(expenses paid in cash)
	TOTAL			2,54,000	2,54,000

Question 10:

Journalise the following transactions:

2019
March 5		Sold goods to Shruti for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
10		Purchased goods from Richa for ₹ 60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately.

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Mar.05	Shruti	Dr.		68,000
	To Sales A/c				68,000
	(Goods sold to Shruti at 15% trade discount)

Mar.05	Bank A/c	Dr.		48,960
	Discount Allowed A/c	Dr.		2,040
	To Shruti				51,000
	(Payment received and cash discount allowed)

Mar.10	Purchases A/c	Dr.		54,000
	To Richa				54,000
	(Goods purchased from Richa at 10% trade discount)

Mar.10	Richa	Dr.		32,400
	To Bank A/c				30,780
	To Discount Received A/c				1,620
	(Payment made and cash discount received)

Working Notes:

1. Amount of goods sold would be Rs 68,000 (80,000 - 15% of 80,000) and cash discount would be Rs 2,040, it would be calculated on amount received Rs 51,000 i.e., 75% of Rs 68,000.

2. Amount of goods purchased would be Rs 54,000 (60,000 - 10% of 60,000) and cash discount would be Rs 1,620, it would be calculated on amount paid Rs 32,400 i.e., 60% of Rs 54,000

Question 11:

Pass journal entries for the following:

2019
Jan. 6		Purchased goods from Henry for ₹ 50,000 on 10% trade discount and 4% cash discount and paid 60% amount by cheque.
Jan. 15		Bought goods from Amit for ₹ 2,00,000 at terms 5% cash discount and 20% trade discount. Paid 3/4th of the amount in cash at the time of purchase.
Jan. 18		Sold goods to Sherpa at the list price of ₹ 50,000 less 20% trade discount and 4% cash discount if the payment is made within 7 days. 75% payment is received by cheque on Jan. 23rd.
Jan. 25		Sold goods to Garima for ₹ 1,00,000, allowed her 20% trade discount and 5% cash discount if the payment is made within 15 days. She paid 1/4th of the amount by cheque on Feb. 5th and 60% of the remainder on Feb.15th in cash

Answer:

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2019
Jan. 06	Purchases A/c	Dr.		45,000
	To Bank A/c (WN1)				25,920
	To Discount Received A/c				1,080
	To Henry’s A/c				18,000
	(Goods purchased and discount received on cash payment)

Jan. 15	Purchases A/c	Dr.		1,60,000
	To Bank A/c				1,14,000
	To Discount Received A/c				6,000
	To Amit’s A/c				40,000
	(Goods purchased and discount received on cash payment)

Jan. 18	Sherpa’s A/c	Dr.		40,000
	To Sales A/c				40,000
	(Goods sold to Sherpa on credit)

Jan. 23	Bank A/c	Dr.		28,800
	Discount Allowed A/c	Dr.		1,200
	To Sherpa’s A/c				30,000
	(75% payment received by Sherpa and allowed cash discount)

Jan. 25	Garima’s A/c	Dr.		80,000
	To Sales A/c				80,000
	(Goods sold to Garima on credit)

Feb. 05	Bank A/c	Dr.		19,000
	Discount Allowed A/c	Dr.		1,000
	To Garima’s A/c				20,000
	(Cheque received from Garima and allowed cash discount)

Feb. 15	Cash A/c*	Dr.		60,000
	To Garima’s A/c				60,000
	(Cash received from Garima)
	TOTAL			4,35,000	4,35,000

Working Notes:

WN1: Calculation of Payment made to Henry

WN2: Calculation of Payment made to Amit

*Note: Cash discount can be availed only if the payment is made within 15 days. Since payment is made on Feb. 15, thus, no discount is to be allowed to her.

Question 12:

Journalise the following transactions in the books of Dixit & Sons. :

2018
March 2	Sold goods to Dilip of the list price of ₹ 62,000 for ₹ 60,000.
16	Purchased goods costing ₹ 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount.
20	Sold goods to Vishal Traders costing ₹ 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque.
26	Sold goods to Brij & Co. costing ₹ 50,000 at 40% profit, allowing 10% trade discount and 5% cash discount. Brij & Co. paid the full amount by cheque and availed cash discount.

Answer:

Journal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar 02	Dixit A/c To Sales A/c	Dr.		60,000	60,000
	(Sold to Dixit)

Mar 16	Purchases A/c	Dr.		2,00,000
	To Hari & Co.				50,000
	To Bank A/c				1,44,000
	To Discount Received A/c				6,000
	(Purchased from Hari & Co., 75% paid through cheque and partly credit)

Mar 20	Bank A/c	Dr.		9,000
	Vishal Traders A/c	Dr.		32,400
	Discount Allowed A/c	Dr.		3,600
	To Sales A/c				45,000
	(Sold to Vishal Traders, partly received through cheque and partly credit)

Mar 26	Bank A/c	Dr.		59,850
	Discount Allowed A/c	Dr.		3,150
	To Sales A/c				63,000
	(Sold to Brij & Co., received fully through cheque)
				3,68,000	3,68,000

Question 13:

Journalise the following transactions:

2017		₹
Jan. 1	Paid into bank for opening a Current Account	10,000
3	Goods sold for ₹ 50,000 and the amount was deposited into the bank
7	Amount withdrawn from bank	20,000
10	Goods sold for Cash	15,000
12	Amount deposited into bank	12,000
14	Goods purchased and payment made by cheque.	25,000

Answer:

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
Jan. 01	Bank A/c	Dr.		10,000
	To Cash A/c				10,000
	(Payment made to open current account)

Jan. 03	Bank A/c	Dr.		50,000
	To Sales A/c				50,000
	(Goods sold and amount deposited into bank)

Jan. 07	Cash A/c	Dr.		20,000
	To Bank A/c				20,000
	(Cash withdrawn from Bank)

Jan. 10	Cash A/c	Dr.		15,000
	To Sales A/c				15,000
	(Goods sold for cash)

Jan. 12	Bank A/c	Dr.		12,000
	To Cash A/c				12,000
	(Cash deposited into bank)

Jan. 14	Purchases A/c	Dr.		25,000
	To Bank A/c				25,000
	(Goods purchased and payment made by cheque)
	TOTAL			1,32,000	1,32,000

Question 14(A):

Following balances appeared in the books of Radhika Traders as on 1st April, 2017:−
Assets: Cash ₹ 8,000; Cash at Bank ₹ 7,000; Stock ₹ 30,000; Debtors : ₹ 36,000 (Mohan ₹ 10,000; Sohan ₹ 12,000; Dinesh ₹ 14,000); Furniture ₹ 5,000; Building ₹ 25,000.
Liabilities: Creditors− X ₹ 5,000; Y ₹ 6,000.
In April, 2017, the following transaction took place:

2017		₹
April 2	Bought goods of the list price of ₹ 6,000 from Khanna Brothers less 15% trade discount and 2% cash discount and paid 40% price at the same time.
3	Received a draft from Mohan in full settlement and deposited it into Bank	9,750
5	Purchased goods from Suresh of the list price of ₹ 8,000 at 20% trade discount and paid him by cheque.
8	Sold goods and received a cheque	25,000
10	Deposited the above cheque into Bank
12	Sohan deposited in our Bank A/c	4,000
16	Paid Income Tax by Cheque	5,600
20	Received a cheque from Sohan and sent to Bank	7,800
	Discount allowed	200
21	Withdrew from Bank−for office	2,000
	for private use	4,000
23	Sent a cheque to X in full settlement of his A/c	4,900
27	Cheque of Sohan returned by the bank as dishonoured.
28	Dinesh was declared insolvent and a payment of 60 paise in a ₹ received from his estate by a Cheque
30	Bank allowed Interest	350
	Paid for Rent by cheque	1,500
	Paid for traveling expenses by cheque	500

Pass Journal entries for the above transactions.

Answer:

Journal In the Books of Radhika Traders
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2017
April 01	Cash in Hand A/c	Dr.		8,000
	Cash at Bank A/c	Dr.		7,000
	Stock A/c	Dr.		30,000
	Mohan’s A/c	Dr.		10,000
	Sohan’s A/c	Dr.		12,000
	Dinesh’s A/c	Dr.		14,000
	Furniture A/c	Dr.		5,000
	Building A/c	Dr.		25,000
	To X’s A/c				5,000
	To Y’s A/c				6,000
	To Capital A/c (Balancing figure)				1,00,000
	(Balances of previous year brought forward)

April 02	Purchases A/c	Dr.		5,100
	To Khanna Brothers				3,060
	To Cash A/c				1,999
	To Discount Received A/c				41
	(Goods purchased and received discount on cash payment)

April 03	Bank A/c	Dr.		9,750
	Discount Allowed A/c	Dr.		250
	To Mohan				10,000
	(Draft received from Mohan deposited into bank)

April 05	Purchases A/c	Dr.		6,400
	To Bank A/c				6,400
	(Goods purchased and payment made by cheque)

April 08	Cheques-in-Hand A/c	Dr.		25,000
	To Sales A/c				25,000
	(Goods sold and received a cheque)

April 10	Bank A/c	Dr.		25,000
	To Cheques-in-Hand A/c				25,000
	(Cheque deposited into bank)

April 12	Bank A/c	Dr.		4,000
	To Sohan’s A/c				4,000
	(Amount deposited by Sohan)

April 16	Drawings A/c	Dr.		5,600
	To Cash A/c				5,600
	(Income tax paid)

April 20	Bank A/c	Dr.		7,800
	Discount Allowed A/c	Dr.		200
	To Sohan’s A/c				8,000
	(Banked cash received from Sohan in full settlement)

April 21	Drawings A/c	Dr.		4,000
	Cash A/c	Dr.		2,000
	To Bank A/c

Accountancy Dk Goel 2019 for Class 11 Commerce Accountancy Chapter 3 - Books Of Original Entry Journal

Page No 9.59:

Question 1:

Answer:

Page No 9.60:

Question 2:

Answer:

Page No 9.60:

Question 3:

Answer:

Page No 9.60:

Question 4:

Answer:

Page No 9.60:

Question 5:

Answer:

Page No 9.61:

Question 6:

Answer:

Page No 9.61:

Question 7:

Answer:

Page No 9.61:

Question 8:

Answer:

Page No 9.62:

Question 9:

Answer:

Page No 9.62:

Question 10:

Answer:

Page No 9.62:

Question 11:

Answer:

Page No 9.63:

Question 12:

Answer:

Page No 9.63:

Question 13:

Answer:

Page No 9.63:

Question 14(A):

Answer: