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Question 12 Chapter 6 – Unimax Publications of Class 11

Kuljeet Singh
Question 12 Chapter 6 – Unimax Publications of Class 11

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Question 12 Chapter 6 – Unimax Publications of Class 11

12. Journalise the following transactions of Kamal, Delhi for April, 2023, post them in Ledger Accounts and balance them:

2023 Rs.
April 1Kamal started business with cash*1,00,000
April 2Bought goods for cash30,000
April 3Opened Bank Account with cash*50,000
April 4Sold goods for cash40,000
April 7Bought goods from Surya, Kanpur (UP) on credit30,000
April 10Sold goods to Rakesh, Delhi on credit25,000
April 15Purchased Machinery costing 20,000 from Rahul Bros., Faridabad (Haryana) and payment is made by cheque 
April 19Paid to Surya in cash on account*20,000
April 21Received loan from Anil and deposited the same into bank8,000
April 23Goods returned to Surya5,000
April 26Withdrew from bank for personal use*5,000
April 27Paid to Surya by cheque in full settlement7,500
April 29Received cash from Rakesh10,000
April 30Purchased stationery for cash500
April 30Paid wages and salaries10,000

CGST and SGST is levied @ 6% each on intra-state transactions and @ 12% on inter-state transactions. GST is not levied on transactions marked(*).

The solution of Question 12 Chapter 6 – Unimax Publications of Class 11:

IN THE BOOKS OF KAMAL, DELHI JOURNAL

DateParticulars L.F.DebitCredit
2023     
April 1Cash A/cDr. 1,00,000 
 To Capital A/c   1,00,000
 (Being the goods purchased and CGST and SGST 9%each)    
      
April 2Purchases A/cDr. 30,000 
 Input CGST A/cDr. 1,800 
 Input SGST A/cDr. 1,800 
 To Cash A/c   33,600
 (Being the business started with capital of 1,00,000 brought in cash)    
      
April 3Bank A/cDr. 50,000 
 To Cash A/c   50,000
 Being the bank account opened by depositing cash into bank)    
      
April 4Cash A/cDr. 44,800 
 To Sales A/c   30,000
 To Output CGST A/c   2,400
 To Output SGST A/C   2,400
 (Being the intra-state sale of goods, charged CGST and SGST @ 6% each)    
      
April 7Purchases A/cDr. 30,000 
 Input IGST A/c  3,600 
 To Blue Traders   33,600
 (Being the inter-state purchase of goods on credit from Surya, plus IGST 12%)    
      
April 10Rakesh A/cDr. 28,000 
 To Sales A/c   25,000
 To Output CGST A/c   1,500
 To Output SGST A/C   1,500
 (Being the intra-state sale of goods on credit to Rakesh, charged CGST and SGST 6% each)    
      
April 15Machinery A/cDr. 20,000 
 Input IGST A/cDr. 2,400 
 To Bank A/c   22,400
 (Being the machinery purchased, plus IGST 12% and payment made by cheque    
      
April 19Surya A/cDr. 20,000 
 To Cash A/c   20,000
 (Being the amount paid to Surya in cash)    
      
April 21Bank A/cDr. 8,000 
 To Anil’s Loan A/c   8,000
 (Being the loan from Anil received and deposited into bank)    
      
April 23Surya A/cDr. 5,600 
 To Returns Outward A/c   5,000
 To Input TGST A/c   600
 (Being the amount paid to Surya by cheque and discount received)    
      
April 26Drawings A/cDr. 5,000 
 To Bank A/c   5,000
 (Being the goods returned to Surya, Input IGST reversed)    
      
April 27Surya A/cDr. 8,000 
 To Bank A/c   7,500
 To Discount Received A/c   500
 (Being the amount paid to Surya by cheque and discount received)    
      
April 29Cash A/cDr. 10,000 
 To Rakesh A/c   10,000
 (Being the cash received from Rakesh)    
      
April 30Stationery A/cDr. 500 
 Input CGST A/c  30 
 Input SGST A/c  30 
 To Cash A/c   560
 (Being the stationery purchased for cash, paid CGST and SGST @6% each)    
      
April 30Wages and Salaries A/cDr. 10,000 
 To Cash A/c   10,000
 (Being the wages and salaries paid in cash)   

LEDGER :

CASH ACCOUNT

DateParticularsAmountDateParticularsAmount
2023  2023  
April 1To Capital A/c1,00,000April 2By Purchases A/c30,000
April 4To Sales A/c40,000April 2By Input CGST A/C1,800
April 4To Output CGST A/c2,400April 2By Input SGST A/C1,800
April 4To Output SGST A/c2,400April 3By Bank A/C50,000
April 29To Rakesh A/c10,000April 19By Surya A/C20,000
   April 30By Stationery A/c500
   April 30By Input CGST A/C30
   April 30By Input SGST A/C30
   April 30By Wages and Salaries A/C10,000
   April 30By Balance C/d40,640
      
  1,54,800  1,54,800
      
 To Balance b/d40,640   

CAPITAL ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d1,00,000April 1By Cash A/c1,00,000
      
  1,00,000  1,00,000
      
   May 1By Balance b/d1,00,000

PURCHASES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 2To Cash A/c30,000April 30By Balance c/d60,000
April 7To Surya A/C30,000   
      
  60,000  60,000
      
May 1To Balance b/d60,000   

BANK ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 1To Cash A/c50,000April 15By Machinery A/c20,000
April 21To Anil’s Loan A/c8,000April 15By Input IGST A/C2,400
   April 26By Drawings A/C5,000
   April 27By Surya A/C7,500
   April 30By Balance c/d23,100
      
  58,000  58,000
      
May 1To Balance b/d23,100   

SALES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d65,000April 4By Cash A/c40,000
   April 10By Rakesh25,000
      
  65,000  65,000
      
   May 1By Balance b/d65,000

SURYA

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DateParticularsAmount DateParticularsAmount
2023  2023  
April 1To Cash A/c20,000April 7By Purchase A/c30,000
April 23To Returns ONWARDS A/c5,000April 7By Input IGST A/C3,600
April 23To Input IGST A/C600   
April 27To Bank A/c7,500   
April 27To Discount Received A/c500   
      
  33,600  33,600

Rakesh

DateParticularsAmount DateParticularsAmount
2023  2023  
April 10To Sales A/c25,000April 29By Cash A/c10,000
April 10To Output CGST A/C1,500April 30By Balance C/d18,000
April 10To Output SGST A/C1,500   
      
  28,000  28,000
      
May 1To Balance b/d18,000   

MACHINERY ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 15To Bank A/c20,000April 30By Balance C/d20,000
      
  20,000  20,000
      
May 1To Balance b/d20,000   

ANIL’S LOAN ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d8,000April 21By Bank A/c8,000
      
  8,000  8,000
      
   May 1By Balance b/d8,000


RETURNS OUTWARDS ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d5,000April 23By Surya A/c5,000
      
  5,000  5,000
      
   May 1By Balance b/d5,000

DRAWINGS ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 26To Bank A/c5,000April 30By Balance C/d5,000
      
  5,000  5,000
      
May 1To Balance b/d5,000   

STATIONERY ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Cash A/c500April 30By Balance C/d500
      
  500  500
      
May 1To Balance b/d500   

WAGES & SALARIES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Cash A/c10,000April 30By Balance C/d10,000
      
  10,000  10,000
      
May 1To Balance b/d10,000   

INPUT CGST ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 2To Cash A/c (Purchases )1,800April 30By Balance c/d1,830
April 30To Cash A/c (Stationery )30   
      
  1,830  1,830

INPUT SGST ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 2To Cash A/c (Purchases )1,800April 30By Balance c/d1,830
April 30To Cash A/c (Stationery )30   
      
  1,830  1,830

OUTPUT CGST ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d3,900April 4By Cash A/c ( Sales )2,400
   April 10By Rakesh A/c ( Sales )1,500
      
  3,900  3,900

OUTPUT SGST ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d3,900April 4By Cash A/c ( Sales )2,400
   April 10By Rakesh A/c ( Sales )1,500
      
  3,900  3,900

INPUT IGST ACCOUNT

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DateParticularsAmount DateParticularsAmount
2023  2023  
April 7To Surya A/c (Purchases )3,600April 23By Surya ( Returns onwards )600
April 15To Bank A/c (Machinery)2,400April 30By Balance c/d5,400
      
  6,000  6,000

DISCOUNT RECEIVED ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 30To Balance c/d500April 27By Surya A/c500

End of Solution

Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter No. 6 – Ledger Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.

2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

Usha-Publication-class-11-min
Usha – Elements of Book-Keeping PSEB Class 11 Accounts- Solution

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