Give Answer As Asked .(8 Marks)

Question 18 Marks

From the following transactions, prepare three columnars cash book in the book of Shri Krunal.Aug. $2015$

$1$	Opening cash balance $₹ 3000 ;$ Bank balance $₹ 6000$
$2$	Goods of $₹ 10,000$ sold to Nilesh at $10\%$ trade discount. Amount is received by cheque, which is deposited in the bank.
$7$	Cheque issued by Nilesh is dishonoured.
$9$	Receiver of Nilesh paid the dividend of $50$ paise against one rupee by cheque.
$10$	Goods of $₹ 6000$ sold to Bhikhubhai for cash at $10\%$ cash discount.
$13$	Goods of $₹ 5000$ purchased from Chetna at $10\%$ cash discount. Half of the amount is paid by cheque and remaining amount is paid in cash.
$15$	Bank has collected a dividend of $₹ 1000$ and credited in our account.
$17$	Bank has credited $₹ 100$ towards bank interest in our account.
$24$	Advertisement expense of $₹ 3000$ paid by cash.
$26$	$₹ 1000$ paid from business for 'Satyanarayan Katha' at home.
$27$	Furniture of $₹ 3000$ purchased for home, the amount is paid by cheque.
$28$	A cheque of $₹ 3000$ is issued to Girish in full settlement of account of $₹ 3090.$
$29$	Pravin has paid by cheque $₹ 2500$ in full settlement of $₹ 2575.$
$31$	After keeping cash on hand of $₹ 500,$ remaining amount is deposited in the bank.

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Question 28 Marks

From the following transactions, prepare three columnar cash of book of Smt. Mittalben.July $2015$

$1$	Opening cash balance $₹ 7000$ Bank overdraft $₹ 4000$
$2$	Goods of $₹ 4000$ sold to Khushali. A cheque is received from her which is deposited in the bank.
$4$	Goods of $₹ 8000$ sold to Yesha at $10\%$ cash discount. Half of the amount is received in cash and remaining amount is received by cheque which is deposited in the bank.
$6$	Goods of $₹ 3000$ purchased in cash from Dipen at $10\%$ cash discount. $₹ 1000$ deposited in the bank.
$9$	$₹ 800$ paid to Gopi for salary by cheque.
$11$	Stationery of $₹ 300$ purchased from Suresh Stationery Mart and the amount is paid by cheque.
$14$	Dipak paid $₹ 5900$ by cash towards total debt of $₹ 6005 .$
$17$	Cheque of $₹ 8000$ issued to Paresh towards full settlement of account of $₹ 8080.$
$20$	Rent of $₹ 3000$ paid by cash.
$24$	$₹ 2000$ withdrawn from the business for personal use.
$28$	Postage expenses of $₹ 200$ paid by cash.
$29$	Paid cash of $₹ 600$ for wages.
$31$	After keeping cash on hand of $₹ 2000,$ remaining amount is deposited in the bank.

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Question 38 Marks

The following is the information relating to purchase of goods by Manglam Sari Centre. From this prepare their goods wise columnuar purchase book and post them in ledger.

$2016$
Sept.	$1$	$40$ cotton sarees at the rate of $Rs.450$ and $20$ silk sarees at the rate of $Rs.600$ are purchased from Ladli Fashion Stores at $10\%$ trade discount. Inward invoice no. $23.$
	$2$	$25$ silk saris at the rate of $Rs.750$ and $10$ badhani saris at the rate of $Rs.1,000$ are purchased from Poonam Sari Centre at $10\%$ trade discount. Inward invoice no. $204.$
	$3$	$20$ cotton sarees at the rate of $Rs.400, 30$ silk sarees at the rate of $Rs.800$ and $15$ bandhani sarees at the rate of $Rs.1,200$ are purchased from Rajvi Stores at $20\%$ trade discount. Inward invoice no. $321.$

Answer

Subsidiary Books of Hiteshi Trading Company
Purchase Book
Date	Name of Trader’s	Inward	L.	Amount
Date	Name of Trader’s	inv. No.	F.	(Rs.)
$2016$
Jan. $1$	Nisarg A/c			$5950$
$2$	Jay A/c			$3150$
	Total Credit Purchase(To purchase A/c)			9100

Sales Book
Date	Name of Customer’s	Outward	L.	Amount
Date	Name of Customer’s	inv. No.	F.	(Rs.)
$2016$
Jan $4$	Kruti A/c			$9450$
$5$	Devami A/c			$8400$
	Total credit sales (To sales A/c)			17,850

Purchase Returns Book
Date	Name of Trader	Debit	L.	Amount
Date	Name of Trader	Note No.	F.	(Rs.)
$2016$
Jan $7$	Nisarg A/c			$900$
$8$	Pranav A/c			$600$
	Total purchase return (To purchase return A/c)			1500

Sales Returns Book
Date	Name of the Customer	Credit	L.	Amount
Date	Name of the Customer	Note No.	F.	(Rs.)
$2016$
Jan $10$	Devami A/c			$2000$
$11$	Pavan A/c			$1200$
	Total sales return (To sales return A/c)			3200

Ledger in the Book of Hiteshi
Debit	Purchase Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Jan $11$	To Sundry creditor's A/c		$9100$
	(As per purchase book)

Debit	Nisarg Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$				$2016$
Jan $7$	To purchase return A/c		$900$	Jan $1$	By purchase A/c		$5950$
	(As per purchase returnBook)				(As per purchase book)

Debit	Jay Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Jan $2$	By purchase A/c		$3150$
					(As per purchase book)

Debit	Sales Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Jan $11$	By Sundry debtor’s A/c		$17,850$
					(As per sales book)

Debit	Kruti Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Jan $4$	To sales A/c		$9450$
	(As per sales book)

Debit	Devami Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$				$2016$
Jan $5$	To sales A/c		$8400$	Jan $10$	By sales return A/c		$2000$
	(As per sales book)				(As per sales returned book)

Debit	Purchase Return Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Jan $11$	By sundry Creditor’s A/c		$1500$
					(As per purchase return book)

Debit	Pranav’s Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Jan $8$	To purchase return A/c		$600$
	(As per purchase return book)

Debit	Sales Returns Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Jan $11$	To sundry debtor’s A/c		$3200$
	(As per sales return book)

Debit	Pavan’s Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Jan $11$	By Sales return A/c		$1200$
					(As per sales return book)

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Question 48 Marks

From the following information of Mahashankar Stores, prepare three columnar cash book and post it in ledger :

$2016$
Oct.	$1$	Cash balance $Rs.30,000,$ bank balance $Rs.42,000.$
	$3$	Withdraw $Rs.12,000$ from bank for business.
	$4$	Cash purchase $Rs.5,500,$ Cash sales $Rs.16,000.$
	$5$	Gave a cheque of $Rs.1,200$ for the purchase of office stationery.
	$8$	A cheque of $Rs.4,500$ is given to Shivshankar for full settlement towards payables of $Rs.4,515.$
	$9$	Against the receivable of $Rs.16,200$ due from Devshankar, received $Rs.6,000$ in cash and $Rs.10,000$ by cheque in full settlement.
	$10$	A cheque of $Rs.2,100$ given to 'Umashankar News Agency', for the advertisement in news paper.
	$11$	Paid $Rs.2,200$ as the electricity bill of th shop and $Rs.1,200$ as the electricity bill of the residence from te business.
	$12$	By paying cash of $Rs.8,600,$ Premshankar has closed his account of $Rs.8,680.$

Answer

Date	Particulars (Receipts)	R. No.	L. F.	Disc. Allow. (Rs.)	Cash Amt. (Rs.)	Bank Amt. (Rs.)	Date	Particulars (Receipts)	R. No.	L. F.	Disc. Allow. (Rs.)	Cash Amt. (Rs.)	Bank Amt. (Rs.)
$2016$							20C16
Oct.							Oct.
$1$	To Balance b/f			$-$	$30,000$	$42,000$	$3$	By Cash A/c			$-$	$-$	$12,000$
$3$	To Bank A/c			$-$	$12,000$	$-$	$4$	By Purchase A/c			$-$	$5,500$	$-$
$4$	To Sales A/c			$-$	$16,000$	$-$	$5$	By Stat.Exp.A/c			$-$	$-$	$1,200$
$9$	To Devshankar			$200$	$6,000$	$10,000$	$8$	By Shivshankar			$15$	$-$	$4,500$
	A/c							A/c
$12$	To Premshankar			$80$	$8,600$	-	$10$	By Advt.			$-$	$-$	$2,100$
	A/c							Exp. A/c
							$11$	By Elec.exp.A/c			$-$	$2,200$	$-$
							$11$	By Draw. A/c			$-$	$1,200$	$-$
							$12$	By Balance c/f			$-$	$63,700$	$32,200$
				280	72,600	52,000					15	72,600	52,000

Ledger of Mahashankar Stores
Debit	Sales A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Oct.$4$	By Cash A/c		$16,000$

Debit	Devshanker’s A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Oct.$9$	By Discount A/c		$200$
				“	By Cash A/c		$6,000$
				“	By Bank A/c		$10,000$

Debit	Premshanker’s A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Oct.$12$	By Cash A/c		$8,600$
				“	By Discount A/c		$80$

Debit	Purchase A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$4$	To Cash A/c		$5,500$

Debit	Stationery Exp.A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$5$	To Bank A/c		$1,200$

Debit	Shivshanker’s A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$8$	To Bank A/c		$4,500$
$8$	To Discount A/c		$15$

Debit	Advertisement Exp.A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$10$	To Bank A/c		$2,100$

Debit	Electricity Exp.A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$11$	To Cash A/c		$2,200$

Debit	Drawing A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$11$	To Cash A/c		$1,200$

Debit	Discount Allowed A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
Oct.$12$	To Total discount
	Allowed A/c		$280$
	(As per cash book)

Debit	Discount received A/c						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				Oct.$12$	By Total discount
					received A/c		$15$
					(As per cash book)

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Question 58 Marks

From the following transactions, prepare subsidiary books of Hiteshi Trading Company and post them in appropriate accounts:

$2016$
Jan.	$1$	Goods of $Rs. 7000$ are purchased from Nisarg at $15 \% $ trade discount.
	$2$	Goods of $Rs. 3500$ are purchased from Jay at $10 \%$ trade discount.
	$4$	Goods of $Rs. 10,500$ are sold to Kruti at $10 \%$ trade discount.
	$5$	Goods of $Rs. 7000$ are sold to Devami at $20 \%$ profit thereon.
	$7$	Goods of $Rs. 900$ returned to Nisarg.
	$8$	Goods of $Rs. 600$ returned to Pranav.
	$10$	Goods of $Rs. 2000$ returned by Devami.
	$11$	Goods of $Rs. 1200$ returned by Pavan.

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Question 68 Marks

From the following transactions of Kaveesh, prepare a journal and also draw the necessary account in ledger and complete the posting in his books.

$2016$
March	$1$	Brought cash $Rs. 39,000$ and personal furniture of $Rs. 7500$ in the business.
	$2$	Paid towards our dues $Rs. 8200$ to Parth and $Rs. 3000$ to Munj.
	$5$	Received a crossed cheque of $Rs. 7000$ in full settlement of $Rs. 7400$ due from Mansi.
	$7$	Goods sold of $Rs. 6400$ to Nitin and of $Rs. 3200$ to Paresh.
	$9$	A laptop of $Rs. 25,000$ purchased from Piyush Electronic and paid $Rs. 5000 $ cash towards this.

Answer

Journal Entries in the Book of Kaveesh
Date	Particulars		L.	Debit	Credit
Date	Particulars		F.	(Rs.)	(Rs.)
$2016$
March $1$	Cash A/c	Dr.		$39,000$
	Furniture A/c	Dr.		$7500$
	To capital A/c				$46,500$
	[Being the cash and furniture brought in the business as perrequirement.]
$2$	Parth A/c	Dr.		$8200$
	Munj A/c	Dr.		$3000$
	To cash A/c				$11,200$
	[Being the cash paid towards our dues.]
$5$	Bank A/c	Dr.		$7000$
	Discount A/c	Dr.		$400$
	To Mansi A/c				$7400$
	[Being the cheque received against dues from Mansi.]
$7$	Nitin A/c	Dr.		$6400$
	Paresh A/c	Dr.		$3200$
	To sales A/c				$9600$
	[Being the goods sold to Nitin and Paresh.]
$9$	Computer (laptop) A/c	Dr.		$25,000$
	To cash A/c				$5000$
	To Piyush Electronic A/c				$20,000$
	[Being the laptop purchased of $Rs. 25,000$ for which $Rs. 5000$ is paid in cash.]
	Total			99,700	99,700

Ledger of Kaveesh
Debit	Cash Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$				$2016$
March $1$	To capital A/c		$39,000$	March $2$	By Parth A/c		$8200$
				$2$	By Munj A/c		$3000$
				$9$	By computer A/c		$5000$

Debit	Furniture Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $1$	To capital A/c		$7500$

Debit	Capital Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				March $1$	By cash A/c		$39,000$
				$1$	By furniture A/c		$7500$

Debit	Parth Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $2$	To cash A/c		$8200$

Debit	Munj Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $2$	To cash A/c		$3000$

Debit	Bank Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $5$	To Mansi A/c		$7000$

Debit	Discount Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $5$	To Mansi A/c		$400$

Debit	Mansi Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				March $5$	By bank A/c		$7000$
				$5$	By discount A/c		$400$

Debit	Nitin Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $7$	To sales A/c		$6400$

Debit	Paresh Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $7$	To sales A/c		$3200$

Debit	Computer (Laptop) Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
$2016$
March $9$	To cash A/c		$5000$
$9$	To piyushEle. A/c		$20,000$

Debit	Piyush Electronics Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				March $9$	By computer A/c		$20,000$

Debit	Sales Account						Credit
Date	Particulars	J.	Amt.	Date	Particulars	J.	Amt.
Date	Particulars	F.	(Rs.)	Date	Particulars	F.	(Rs.)
				$2016$
				March $7$	By Nitin A/c		$6400$
				$7$	By Paresh A/c		$3200$

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Question 78 Marks

Following are the accounts extracted from the ledger of Shailja. From the balance of each account, decide whether it is a debit balance or credit balance.

Dr	Ledger of Shailja Capital Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $31$	To balance c/f		$4,70,000$	July $1$	By cash A/c		$50,000$
				$1$	By building A /c		$4,20,000$
			$4,70,000$				$4,70,000$

Dr	Building Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $1$	To capital A/c		$4,20,000$	July $31$	By balance c/f		$4,20,000$

			$4,20,000$				$4,20,000$

Dr	Furniture Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $2$	To Ronak Fur. Mart A/c		$40,000$	July $31$	By balance c/f		$40,000$

			$40,000$				$40,000$

Dr	Purchase Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $3$	To Rajesh A/c		$85,000$	July $31$	By balance c/f		$85,000$

			$85,000$				$85,000$

Dr	Sale Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				2016
July $31$	To balance c/f		$1,20,000$	July 7	By Jaineesh A/c		$1,20,000$

			$1,20,000$				$1,20,000$

Dr	Jaineesh's Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $7$	To sales A /c		$1,20,000$	July $8$	By bank A/c		$80,000$
				$31$	By balance c/f		$40,000$
			$1,20,000$				$1,20,000$

Dr	Rajesh's Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				2016
July $6$	To cash A/c		$15,000$	July 3	By purchase A/c		$85,000$
$16$	To bank A/c		$20,000$	July 3	By purchase A/c		$85,000$
$31$	To balance A/c		$50,000$
			$85,000$				$85,000$

Dr	Salary Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $30$	To bank A /c		$12,000$	July $31$	By balance c/f		$12,000$

			$12,000$				$12,000$

Dr	Commission Received Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $31$	To balance c/f		$8200$	July $25$	By cash A/c		$8200$

			$8200$				$8200$

Dr	Cash Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $1$	To capital A/c		$50,000$	July $2$	By bank A/c		$5000$
$25$	To commi. rec. A/c		$8200$	$6$	By Rajesh A/c		$15,000$
				$31$	By balance c/f		$38,200$
			$58,200$				$58,200$

Dr	Bank Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $2$	To cash A/c		$5000$	July $16$	By Rajesh A/c		$20,000$
$8$	To Jaineesh. A/c		$80,000$	$30$	By Salary A/c		$12,000$
				$30$	By Ronak Fur.Mart A/c		$40,000$
				$31$	By balance c/f		$13,000$
			$85,000$				$85,000$

Dr	Ronak Furniture Mart Account						Cr
Date	Particulars	J. F.	Amount (₹)	Date	Particulars	J. F.	Amount (₹)
$2016$				$2016$
July $30$	To bank A/c		$40,000$	July $2$	By furniture A/c		$40,000$

			$40,000$				$40,000$

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