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Question 27 Chapter 8 of Class 11 Unimax Publications
27. Enter the following transactions of Shan, Kolkata in the Subsidiary Books and into the Ledger and prepare Trial Balance :
| 2020 | ||
| Apr. 1 | Shan started a business with | 6,00,000 |
| Apr. 4 | Furniture purchased from Modern Furniture for 50,000 plus CGST and SGST @ 6% each | |
| Apr. 5 | Purchased goods for 1,00,000 plus CGST and SGST © 6% each in cash | |
| Apr. 8 | Purchased goods from K.G. Khosla & Co., Faridabad, Haryana for 1,50,000, Trade discount 20%, plus IGST @ 12% | |
| Apr. 9 | Opened a bank account by depositing | 1,50,000 |
| Apr. 10 | Sold goods in cash of 2,00,000 and charged CGST and SGST © 6% each | |
| Apr. 10 | Purchased stationery from R.S. Mart for 5,000 plus CGST and SGST @ 6% each | |
| Apr. 11 | Sold to Sanjay Kumar, Delhi goods of 1,00,000, charged IGST @ 12% | |
| Apr. 14 | Goods returned by Sanjay Kumar, Delhi of sale value 20,000 | |
| Apr. 15 | Payment to K.G. Khosla & Co. by cheque | 50,000 |
| Apr. 20 | Goods purchased on credit from Shiv Ddyal & Co., Delhi for 1,00,000 plus IGST @ 12% | |
| Apr. 25 | Goods returned to Shiv Dayal & Co., Delhi | |
| Apr. 28 | Paid electricity bill | 1,000 |
| Apr. 29 | Cash sales 90,000 plus CGST and SGST @ 6% each | |
| Apr. 30 | Withdrew for private use from bank | 10,000 |
The solution of Question 27 Chapter 8 of Class 11 Unimax Publications
| PURCHASE BOOK | |||||||||
| Date | Invoice no. | Particulars | L. F. | Details | Cost | Input CGST | Input SGST | Input IGST | Amount |
| 2020 | |||||||||
| Apr. 8 | K.G. Khosla & Co., Faridabad | ||||||||
| Readymade Clothes | 1,50,000 | ||||||||
| Less: Trade Discount @ 20% | 30,000 | ||||||||
| 1,20,000 | |||||||||
| Add: IGST @ 12% | 14,400 | ||||||||
| 1,34,400 | 1,20,000 | 14,400 | 1,34,400 | ||||||
| Apr. 20 | Shiv Dayal & Co., Delhi | 1,00,000 | |||||||
| Add: IGST @ 12% | 12,000 | ||||||||
| 1,12,000 | 1,00,000 | 12,000 | 1,12,000 | ||||||
| Apr. 30 | 2,20,000 | 26,400 | 2,46,400 | ||||||
| Sales BOOK | |||||||||
| Date | Invoice no. | Particulars | L. F. | Details | Cost | Output CGST | Output SGST | Output IGST | Amount |
| 2020 | |||||||||
| Apr. 11 | Sanjay Kumar, Delhi | 1,00,000 | |||||||
| Add: IGST @12% | 12,000 | ||||||||
| 1,12,000 | 1,00,000 | 12,000 | 1,12,000 | ||||||
| Apr. 30 | 1,00,000 | 12,000 | 1,12,000 | ||||||
| PURCHASE RETURN BOOK | |||||||||
| Date | Debit Note no. | Particulars | L. F. | Details | Cost | Input CGST | Input SGST | Input IGST | Amount |
| 2020 | |||||||||
| Apr. 25 | Shiv Dayal & Co., Delhi | 10,000 | |||||||
| Add: IGST @ 12% | 1,200 | ||||||||
| 11,200 | 10,000 | 1,200 | 11,200 | ||||||
| Apr. 30 | 10,000 | 1,200 | 11,200 | ||||||
| SALES RETURN BOOK | |||||||||
| Date | Credit Note no. | Particulars | L. F. | Details | Cost | Output CGST | Output SGST | Output IGST | Amount |
| 2020 | |||||||||
| Apr. 24 | Sanjay Kumar, Delhi | 20,000 | |||||||
| Add: IGST @ 12% | 2,400 | ||||||||
| 22,400 | 20,000 | 2,400 | 22,400 | ||||||
| Apr. 30 | 20,000 | 2,400 | 22,400 | ||||||
| Dr. | Cash Book | Cr. | |||||||
| Date | Particulars | L.F. | Cash | Bank | Date | Particulars | L.F. | Cash | Bank |
| 2020 | 2020 | ||||||||
| Apr. 1 | To Capital A/c | 6,00,000 | Apr. 5 | By Purchases A/c | 1,00,000 | ||||
| Apr. 9 | To Cash A/c | C | 1,50,000 | Apr. 5 | By Input CGST A/c | 6,000 | |||
| Apr. 10 | To Sales A/c | 2,00,000 | Apr. 5 | By Input SGST A/c | 6,000 | ||||
| Apr. 10 | To Output CGST A/c | 12,000 | Apr. 9 | By Bank A/c | C | 1,50,000 | |||
| Apr. 10 | To Output SGST A/c | 12,000 | Apr. 15 | By K.G. Khosla & Co. | 50,000 | ||||
| Apr. 29 | To Sales A/c | 90,000 | Apr. 28 | By Electricity | 1,000 | ||||
| Apr. 29 | To Output CGST A/c | 5,400 | Apr. 30 | By Drawings A/c | 10,000 | ||||
| Apr. 29 | To Output SGST A/c | 5,400 | Apr. 30 | By Balance c/d | 6,61,800 | 90,000 | |||
| 9,24,800 | 1,50,000 | 9,24,800 | 1,50,000 | ||||||
| May 1 | 6,61,800 | 90,000 | |||||||
LEDGER OF RAJ, CUTTACK
| Dr. | CAPITAL ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Balance c/d | 6,00,000 | Apr. 1 | 6,00,000 | |||
| 6,00,000 | 6,00,000 | ||||||
| May 1 | 6,00,000 | ||||||
| Dr. | FURNITURE ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 4 | To Modern Furniture A/c | 50,000 | Apr. 30 | By Balance c/d | 50,000 | ||
| 50,000 | 50,000 | ||||||
| Dr. | MODERN FURNITURE | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Balance c/d | 56,000 | Apr. 4 | By Furniture A/c | 50,000 | ||
| Apr. 4 | By Input CGST A/c | 3,000 | |||||
| Apr. 4 | By Input SGST A/c | 3,000 | |||||
| 56,000 | 56,000 | ||||||
| Dr. | PURCHASES ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Jan. 5 | To Cash A/c | 1,00,000 | Apr. 30 | By Balance c/d | 3,20,000 | ||
| Apr. 30 | To Sundries as per Purchases Book | 2,20,000 | |||||
| 3,20,000 | 3,20,000 | ||||||
| Dr. | SALES ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Balance c/d | 3,90,000 | Apr. 30 | By Cash A/c | 2,00,000 | ||
| Apr. 30 | By Cash A/c | 90,000 | |||||
| Apr. 30 | By Sundries as per Sales Book | 1,00,000 | |||||
| 3,90,000 | 3,90,000 | ||||||
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| Dr. | INPUT CGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 4 | To MODERN FURNITURE | 3,000 | Apr. 30 | By Balance c/d | 540 | ||
| Apr. 5 | To Cash A/c | 6,000 | |||||
| Apr. 10 | To R.S. Mart A/c | 300 | |||||
| 9,300 | 9,300 | ||||||
| Dr. | INPUT SGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 4 | To MODERN FURNITURE | 3,000 | Apr. 30 | By Balance c/d | 540 | ||
| Apr. 5 | To Cash A/c | 6,000 | |||||
| Apr. 10 | To R.S. Mart A/c | 300 | |||||
| 9,300 | 9,300 | ||||||
| Dr. | INPUT IGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Sundries as per Purchase Book | 26,400 | Apr. 30 | By Sundries as per Purchase Book | 1,200 | ||
| Apr. 30 | By Balance c/d | 25,200 | |||||
| 26,400 | 26,400 | ||||||
| Dr. | OUTPUT CGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Balance c/d | 17,400 | Apr. 10 | By Cash A/c | 12,000 | ||
| Apr. 29 | By Cash A/c | 5,400 | |||||
| 17,400 | 17,400 | ||||||
| Dr. | OUTPUT SGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | To Balance c/d | 17,400 | Apr. 10 | By Cash A/c | 12,000 | ||
| Apr. 29 | By Cash A/c | 5,400 | |||||
| 17,400 | 17,400 | ||||||
| Dr. | OUTPUT IGST ACCOUNT | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2020 | 2020 | ||||||
| Apr. 30 | By Sundries as per Sales Return Book | 2,400 | Apr. 30 | By Sundries as per Sales Book | 12,000 | ||
| Apr. 30 | To Balance c/d | 9,600 | |||||
| 12,000 | 12,000 | ||||||
TRIAL BALANCE OF SHAN, KOLKATA
AS ON 30TH APRIL, 2020
S. No. | Names of Accounts | L. F. | Dr. Balance | Cr.Balance Advertisement |
| 1. | Cash A/c | 6,61,800 | ||
| 2. | Bank A/c | 90,000 | ||
| 3. | Capital A/c | 6,00,000 | ||
| 4. | Furniture A/c | 50,000 | ||
| 5. | Modern Furniture | 56,000 | ||
| 6. | Purchases A/c | 3,20,000 | ||
| 7. | Sales A/c | 3,90,000 | ||
| 8. | Stationery A/c | 5,000 | ||
| 9. | R.S. Mart | 5,600 | ||
| 10. | Electricity Charges A/c | 1,000 | ||
| 11. | Drawings A/c | 10,000 | ||
| 12. | Purchases Return A/c | 10,000 | ||
| 13. | Sales Return A/c | 20,000 | ||
| 14. | K.G. Khosla & Co., Faridabad | 84,400 | ||
| 15. | Shiv Dayal & Co., Delhi | 1,00,800 | ||
| 16. | Sanjay Kumar, Delhi | 89,600 | ||
| 17. | Input CGST A/c | 9,300 | ||
| 18. | Input SGST A/c | 9,300 | ||
| 19. | Input IGST A/c | 25,200 | ||
| 20. | Output CGST A/c | 17,400 | ||
| 21. | Output SGST A/c | 17,400 | ||
| 22. | Output IGST A/c | 9,600 | ||
| Total | 12,91,200 | 12,91,200 |
End of Solution
Check Out the Solution of all questions for this chapter:
The solutions to all questions of Chapter No. 8 – Other Subsidiary Books Class 11 Unimax are shown as follows, click on the image of the question to get the solution.
Question 10 Chapter 8 of Class 11 Unimax Publications
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Question 22 Chapter 8 of Class 11 Unimax Publications
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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.
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
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.
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