Trial Balance and Rectification of Errors — Account STD 11 Commerce — Question

Enter the following transactions in the Journal of Govind:

2023		₹
June-01	Govind invested capital in cash	1,00,000
June-3	Purchased goods from Harsh	10,000
June-5	Purchased goods for cash	8,000
June-8	Purchased goods from Manoj for cash	7,000
June-10	Sold goods to Kunal on credit.	2,000
June-12	Sold goods to Neeraj for cash	1,500
June-14	Goods returned by Kunal	500
June-16	Goods returned to Harsh	360
June-18	Machinery purchased from Sonu	8,000
June-19	Paid to Harsh on account	5,000
June-25	Cash withdrawn for Personal use	5,000
June-30	Old newspapers sold	200
June-30	Received loan from Manish and deposited in bank	50,000

Explain the meaning of any three of the following terms:
Consistency.

Journalise the following transactions of Satish, Noida (UP):

2019		₹
Jan 1	Started business with cash	40,000
Jan 2	Opened Bank Account by cheque from Savings Account	60,000
Jan 3	Bought goods from M/s. S. Singh & Co., Delhi	20,000
Jan 4	Introduced additional capital by cheque	5,000
Jan 4	Purchased computer against cheque from Computer Mart, Noida	15,000
Jan 6	Paid for postage stamps	150
Jan 8	Sold goods for cash	4,000
Jan 9	Sold goods to M/s Sharda & Co., Delhi	10,000
Jan 15	Paid the due amount to M/s S. Singh & Co. after availing discount of ₹ 400
Jan 25	Sold goods to M/s Ray & Co., Kolkata	5,600
Jan 27	Received cheque from M/s Sharda & Co. in full settlement of amount due from them	11,000
Jan 31	Paid for electricity charges	1,000
Jan 31	Paid rent of building by cheque. Half of the building is used by the proprietor for residential use.	5,000
Jan 31	Drew for personal use	3,500

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

Write up Purchases and Sales Books from the following transactions of Kalyan Silks, Kochi, Kerala given for April, 2019 and post the totals in the Ledger.

A sold goods to B on 1st September, 2018 for ₹ 16,000. B immediately accepted a 3 months bill. On the due date, B requested that the bill be renewed for a further period of 2 months. A agreed provided interest at 9% p.a. was paid immediately in cash. To this Bwas agreeable. The second bill was met on the due date. Give the Journal entries in the books of A.

Pass entries in the books of Ganguli & Sons. assuming all transactions have been entered in the state of West Bengal:

1.	Purchased goods for ₹ 2,00,000 and payment made by cheque.
2.	Sold goods for ₹ 1,60,000 to Devki Nandan & Sons.
3.	Purchased goods for ₹ 50,000 on credit.
4.	Paid for printing and stationery ₹ 4,000.
5.	Received for commission ₹ 5,000.
6.	Output GST adjusted against Input GST.

Assume CGST @ 6% and SGST @ 6%.

On 1st April 2012, Banglore Silk Ltd. purchased a machinery for ₹ 20,00,000. It provides depreciation at 10% p.a. on the Written Down Value Method and closes its books on 31st March every year. On 1st July 2014, a part of the machinery purchased on 1st April 2012 for ₹ 4,00,000 was sold for ₹ 3,20,000. On 1st November 2014, a new machinery was purchased for ₹ 4,80,000. You are required to prepare Machinery Account, Depreciation Account and Provision for Depreciation Account for three years ending 31st March 2015.

Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P.) assuming CGST @ 6% and SGST @ 6%.

2018
March 5	Purchased goods for ₹ 2,50,000 from Virender Yadav of Patna (Bihar).
March 12	Sold goods costing ₹ 60,000 at 50% profit to Partap Sinha of Ranchi (Jharkhand).
March 14	Purchased goods for ₹ 70,000 from Ram Nath of Kanpur (U.P.) against cheque.
March 18	Sold goods at Varanasi (U.P.) Costing ₹ 2,25,000 at 3313%3313%profit less trade discount 10% against cheque which was deposited into bank.
March 20	Paid rent ₹ 25,000 by cheque.
March 31	Payment made of balance amount of GST.

2017		₹
Jan 1	Assets: Cash in hand ₹ 12,400; Stock ₹ 3,60,000; Debtors : Abhilash ₹ 20,000; Bhuwan ₹ 30,000, Charu ₹ 52,000; Furniture ₹ 2,25,000.
	Liabilities: Bank overdraft ₹ 38,000; Creditors : Dinesh ₹ 15,000; Eknath ₹ 25,000.
Jan 3	Purchased from Raghuraj & Sons:
Jan 5	80 electric Kettles @ ₹ 300 each
	40 electric irons @ ₹ 420 each
	20% Trade Discount.
	Withdrew from Bank.
Jan 6	Acceptance received from Abhilash at one month for the amount due from him.	20,000
Jan 10	Purchased a computer from Gursharan Bros. on credit for office use	40,000
Jan 12	Returned 10 electric kettles to Raghuraj & Sons.
Jan 14	Paid Raghuraj & Sons by cheque the balance due to them.
Jan 15	Paid to Gursharan Bros. ₹ 30,000 in cash and the balance by a cheque.
Jan 16	Paid wages in cash
Jan 20	Purchased from Dinesh:	500
	10 Washing Machines @ ₹ 16,000 each
	4 Vacuum cleaners @ ₹ 6,000 each
	15% Trade Discount
Jan 22	Sold to Charu:
	200 electric shavers @ ₹ 250 each
	400 toasters @ ₹ 150 each
	450 heaters @ ₹ 200 each
	10% Trade Discount
Jan 24	Received from Charu a cheque in full settlement of his account. The cheque is paid into bank.	2,30,000
Jan 25	Acceptance given to Dinesh for 30 days.	1,50,000
Jan 25	Cheque issued to Dinesh in full settlement of his account.	21,000
Jan 25	Sold for Cash 20 electric irons	9,000
Jan 27	Deposited into bank	5,000
Jan 30	Paid staff salaries by cheque	15,000
Jan 30	Bank charged incidental expenses ₹ 50 and charged interest ₹ 1,200.