Question 13 Marks
From the following transaction, prepare subsidiary books with $GST$ effect at $18 \%$ in the books of Manan Stores of Mehsana and post them in the ledger. The amount of $GST$ is not included in following transactions. Prepare subsidiary books by adding applicable amount of $GST.$
$2019$
July $11$ Sold goods of $₹ 32,000$ to Dipakbhai of Dahod at $10 \%$ trade discount. Railway freight of $₹ 1200$ and wages of $₹ 600.$
$13$ Sold goods of $₹ 28,000$ to Amarsinh of Chandigarh (Punjab) at $20 \%$ trade discount. Railway freight of $₹ 2000$ and wages of ₹ $800.$
$18$ Amarsinh returned goods of $₹ 10,000$. Railway freight of $900$ and wages of $₹ 400$ are given credit.
View full question & answer→Question 23 Marks
From the following transactions, prepare subsidiary books with $GST$ effect at the rate of $12 \%$ in the books of Vinod Trading Co. of Vadodara and post them in the ledger. The amount of $GST$ is not included in following transactions. Prepare subsidiary books by adding applicable amount of $GST$.
$2019$
January $1$ Goods of $₹ 21,000$ are purchased from Shamjibhai of Surat at $15 \%$ trade discount. Transport expense of $₹ 1200.$
$3$ Goods of $₹ 12,000$ are purchased from Bharatbhai of Bhopal (Madhya Pradesh) at $10 \%$ trade discount. Transport expense of $₹ 2000.$
$10$ Goods of $₹ 7000$ are returned to Shamjibhai of Surat. Transport expense of $₹ 600.$
View full question & answer→Question 33 Marks
From the following transactions prepare a three columnar weekly cashbook in the books of Anup Provision Stores and post them in ledger.
$2018$
July $1$ Opening cash balance $₹ 36,000;$ bank balance $₹ 1,24,000.$
$3$ Paid salary $₹ 12,000,$ electricity bill $₹ 2500$ and for news paper $₹ 350$ by cash.
$5$ Withdrawn $₹ 30,000$ from bank for shop expenses.
$7$ Given a cheque of $₹ 14,000$ to Mahavir Brothers in full settlement of the debt of $₹ 14,600.$
View full question & answer→Question 43 Marks
Pass necessary journal entries from the following account.
| Dr. |
Ledger of Yogesh Pranav Account |
Cr. |
| Date |
Particulars |
J. F. |
Amt. (₹) |
Date |
Particulars |
J. F. |
Amt. (₹) |
$2018$
July |
|
|
|
2018
July |
|
|
|
| $7$ |
Bills payable A/c |
|
$20,000$ |
$5$ |
Purchase A/c |
|
$36,800$ |
| |
Bank A/c |
|
$1600$ |
$12$ |
Purchase A/c |
|
$22,500$ |
| |
Discount A/c |
|
$800$ |
|
|
|
|
| $16$ |
Purchase return A/c |
|
$1500$ |
|
|
|
|
| $18$ |
Bank A/c |
|
$11000$ |
|
|
|
|
| $31$ |
Balance c/f |
|
$10000$ |
|
|
|
|
| |
|
|
59,300 |
|
|
|
59,300 |
View full question & answer→Question 53 Marks
From the following columnar sales book of Palash Fashion Shop, prepare necessary accounts in the ledger of Palash Fashion Shop.
| Date |
Name of Customer |
Outward
Invoice
No. |
L.F. |
Types of Goods |
Total
Amount
(₹) |
| Cotton Shirts (₹) |
Terrycotton
Shirts (₹) |
Designer
Shirts (₹) |
$2018$
June |
|
|
|
|
|
|
|
| $5$ |
Amee Garments A/c |
$201$ |
|
$31,000$ |
$19,000$ |
- |
$50,000$ |
| $8$ |
Amar Fashion A/c |
$202$ |
|
- |
$16,000$ |
$9000$ |
$25,000$ |
| |
Total |
|
|
31,000 |
35,000 |
9000 |
75,000 |
View full question & answer→Question 63 Marks
From the following transactions of Samir, in his books write journal entries, draw the necessary accounts in the ledger and post them accordingly.
$2018$
July $11$ $₹ 36,200$ to Pavan and $₹ 16,500$ to Laher are paid against dues.
$13$ Against the receivable of $₹ 22,200$ from Shital, cheque received $₹ 21,500$ for full and final payment.
$15$ A computer of $₹ 28,000$ is purchased from Grishma Computer. For this $₹ 8000$ is paid by cheque.
View full question & answer→Question 73 Marks
From the following transactions, prepare a purchase book and sales book in the books of Kohli Traders. Prepare subsidiary books on the basis of total rate of $GST$ at $12 \%$. $GST$ is not included in the amount of following transactions. Prepare subsidiary books by adding applicable amount of $GST$.
$2018$
April $1$ Goods of $₹ 65,000$ are purchased from Dhawan Traders at $10 \%$ trade discount. Railway freight of $₹ 900$. Invoice no. $501.$
$4$ Purchased goods of $₹ 52,000$ from Sharma stores; railway freight of $₹ 620$ and wages of $300$ paid by Sharma Stores. Invoice no. $502.$
$6$ Sold goods of $₹ 40,000$ to Bhuneshwar Traders at $10\%$ trade discount. Wages of $₹ 200$ and railway freight of $₹ 300$ are also included. Invoice no. $351.$
$8$ Sold entire goods purchased from Sharma stores fo Bumrah Traders at $20\%$ profit on cost, on $2$ month's credit. Railway freight ₹ $900$ and wages of $₹ 300$ are included. Invoice no. $352.$
In the above all transactions, purchases and sales are in the respective state (intra state) only.
View full question & answer→Question 83 Marks
In the books of Patel Traders, write journal entries, for the following transactions, draw necessary accounts in the ledger and post them accordingly.
$2018$
May $1$ Cash $₹ 75,000$ and furniture of $₹ 35,000$ brought in business.
$3$
$₹ 50,000$ is deposited in a bank.
$4$ Goods of $₹ 30,000$ are purchased at $10 \%$ trade discount from Venu Stores. For this a cheque of $₹ 12,000$ is given.
$5$ Goods of $₹ 34,000$ are sold to Gopal stores at $10 \%$ trade discount. For this, Gopal Stores has paid a cash $₹ 10,600.$
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