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NCERT · Class 11 · Accountancy

Chapter 3: Recording of Transactions – 1

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Numerical Answers for NCERT Solution for Class 11 Accountancy Chapter 3 – Recording of Transactions – 1

22 questions
Q21Written answer

Journalise the following transaction in the books of Sanjana and post them into the ledger:

 

January, 2017   Rs
1 Cash in hand 6,000
  Cash at bank 55,000
  Stock of goods 40,000
  Due to Rohan 6,000
  Due from Tarun 10,000
3 Sold goods to Karuna 15,000
4 Cash sales 10,000
6 Goods sold to Heena  5,000
8 Purchased goods from Rupali 30,000
10 Goods returned from Karuna 2,000
14 Cash received from Karuna 13,000
15 Cheque given to Rohan 6,000
16 Cash received from Heena 3,000
20 Cheque received from Tarun 10,000
22 Cheque received from to Heena 2,000
25 Cash given to Rupali 18,000
26 Paid cartage 1,000
27 Paid salary 8,000
28 Cash sale 7,000
29 Cheque given to Rupali 12,000
30 Sanjana took goods for Personal use 4,000
31 Paid General expense 500

 

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Worked solution
Books of Sanjana
Journal Entries
S.No. Particulars L.F. Debit Amount Rs Credit Amount Rs
2017      
Jan.01 Cash A/c Dr. 6,000  
Bank A/c Dr. 55,000
Stock A/c Dr. 40,000
Tarun Dr. 10,000
To Rohan 6,000
To Capital A/c 1,05,000
(Balance brought from the last month)
Jan.03 Karuna Dr. 15,000
To Sales A/c 15,000
(Goods sold to Karuna)
Jan.04 Cash A/c Dr. 10,000
To Sales A/c 10,000
(Goods sold for cash)
Jan.06 Heena Dr. 5,000
To Sales A/c 5,000
(Goods sold to Henna)
Jan.08 Purchases A/c Dr. 30,000
To Rupali 30,000
(Goods purchased from Rupali)
Jan.10 Sales Return A/c Dr. 2,000
To Karuna 2,000
(Goods returned by Karuna)
Jan.14 Cash A/c Dr. 13,000  
To Karuna 13,000
(Cash received from Karuna)
Jan.15 Rohan Dr. 6,000
To Bank A/c 6,000
(Cheque issued to Rohan)
Jan.16 Cash A/c Dr. 3,000
To Heena 3,000
(Cash received from Heena)
Jan.20 Bank A/c Dr. 10,000
To Tarun 10,000
(Cheque received from Tarun)
Jan.22 Bank A/c Dr. 2,000
To Heena 2,000
(Cheque received from Heena)
Jan.25 Rupali Dr. 18,000
To Cash A/c 18,000
(Payment made to Rupali)
Jan.26 Cartage A/c Dr. 1,000
To Cash A/c 1,000
(Cartage paid)
Jan.27 Salaries A/c Dr. 8,000
To Cash A/c 8,000
(Salaries paid)
Jan.28 Cash A/c Dr. 7,000
To Sales A/c 7,000
(Goods sold for cash)  
 
Jan.29 Rupali Dr. 12,000  
To Bank A/c 12,000
(Cheque issued to Rupali)  
 
Jan.30 Drawings A/c Dr. 4,000  
To Purchases A/c 4,000
(Goods drawn for personal use)  
Jan.31 General Expenses A/c Dr. 500
To Cash A/c 500
Total 2,57,500 2,57,500

 

Ledger
Cash Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.01 Balance b/d 6,000 Jan.25 Rupali 18,000
Jan.04 Sales 10,000 Jan.26 Cartage 1,000
Jan.14 Karuna 13,000 Jan.27 Salaries 8,000
Jan.16 Heena 3,000 Jan.31 General Expenses 500
Jan.28 Sales 7,000 Jan.31 Balance c/d 11,500
39,000 39,000

 

Capital Account
Dr. Cr.
Date Particulars J.F. Amount

 Rs

 Date Particulars J.F. Amount

Rs
2017 2017
Jan.01  Balance b/d 1,05,000
Jan.31 Balance c/d 1,05,000
1,05,000 1,05,000

 

Bank Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.01 Balance b/d 55,000 Jan.15 Rohan 6,000
Jan.20 Tarun 10,000 Jan.29 Rupali 12,000
Jan.22 Heena 2,000 Jan.31 Balance c/d 49,000
67,000 67,000

 

Stock Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.01 Balance b/d 40,000
Jan.31 Balance c/d 40,000
40,000 40,000

 

Rohan’s Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.15 Bank 6,000 Jan.01 Balance b/d 6,000
6,000 6,000

 

Tarun’s Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.01 Balance b/d 10,000 Jan.20 Bank 10,000
10,000 10,000

 

Sales Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.03 Karuna 15,000
Jan.04 Cash 10,000
Jan.06 Heena 5,000
Jan.31 Balance c/d 37,000 Jan.28 Cash 7,000
37,000 37,000
Karuna’s Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.03 Sales 15,000 Jan.10 Sales Return 2,000
Jan.14 Cash 13,000
15,000 15,000

 

Heena’s Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.06 Sales 5,000 Jan.16 Cash 3,000
Jan.22 Bank 2,000
5,000 5,000

 

Purchases Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.08 Rupali 30,000 Jan.30 Drawings 4,000
Jan.31 Balance c/d 26,000
30,000 30,000

 

Rupali’s Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.25 Cash 18,000 Jan.08 Purchases 30,000
Jan.29 Bank 12,000
30,000 30,000

 

Sales Return Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.10 Karuna 2,000
Jan.31 Balance c/d 2,000
2,000 2,000

 

Cartage Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.26 Cash 1,000
Jan.31 Balance c/d 1,000
1,000 1,000

 

Salaries Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.27 Cash 8,000
Jan.31 Balance c/d 8,000
8,000 8,000

 

Drawings Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.30 Purchases 4,000
Jan.31 Balance c/d 4,000
4,000 4,000

 

General Expenses Account
Dr. Cr.
Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs
2017 2017
Jan.31 Cash 500
Jan.31 Balance c/d 500
500 500

 

 

Q22Written answer

Record journal entries for the following transactions in the books of Anudeep of Delhi:
(a) Bought goods Rs. 2,00,000 from Kanta of Delhi (CGST @ 9%, SGST @ 9%)
(b) Bought goods Rs. 1,00,000 for cash from Rajasthan (IGST @ 12%)
(c) Sold goods Rs. 1,50,000 to Sudhir of Punjab (IGST @ 18%)
(d) Paid for Railway Transport Rs. 10,000 (CGST @ 5%, SGST @ 5%)
(e) Sold goods Rs. 1,20,000 to Sidhu of Delhi (CGST @ 9%, SGST @ 9%)
(f) Bought Air-Condition for office use Rs. 60,000 (CGST @ 9%, SGST @ 9%)
(g) Sold goods Rs. 1,50,000 for cash to Sunil to Uttar Pradesh (IGST 18%)
(h) Bought Motor Cycle for business use Rs. 50,000 (CGST 14%, SGST @ 14%)
(i) Paid for Broadband services Rs. 4,000 (CGST @ 9%, SGST @ 0%)
(j) Bought goods Rs. 50,000 from Rajesh, Delhi (CGST @ 9%, SGST @ 9%)

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Worked solution
Date Particulars L.F. Dr.   Rs. Cr. Rs.
(a) Purchases A/c Dr 2,00,000
Input CGST A/c Dr 18,000
Input SGST A/c     18,000
         To Kanta 2,36,000
(Being goods purchased on credit locally)
(b) Purchases A/c Dr 1,00,000
Input IGST A/c Dr     12,000
        To Cash A/c 1,12,000
(Being goods purchased in cash from Rajasthan)
(c) Sudhir A/c Dr 1,77,000
       To Sales A/c 1,50,000
       To Output IGST A/c 27,000
(Being goods supplied on credit to Punjab)
(d) Transport Charges A/c Dr 10,000
Input CGST A/c Dr     500
Input SGST A/c 500
        To Bank A/c 11,000
(e) Sidhu A/c Dr 1,41,600
To Sales A/c     1,20,000
         To Output CGST A/c    10,800
To Output SGST A/c    10,800
(Being goods sold on credit locally)
(f) Air Conditioner  A/c Dr    60,000
Input CGST A/c Dr    5,400
Input SGST A/c Dr   5,400
         To Bank A/c    70,800
(Being goods purchased locally)
(g) Cash A/c Dr 1,77,000
      To Sales A/c 1,50,000
      To Output IGST A/c 27,000
(Being goods supplied on credit to Uttar Pradesh)
(h) Motor Cycle A/c Dr    50,000
Input CGST A/c Dr   7,000
Input SGST A/c Dr   7,000
          To Bank A/c    64,000
(Being motorcycle purchased locally for office use)
(i) Internet  Charges A/c Dr   4,000
Input CGST A/c Dr 360
Input SGST A/c Dr 360
          To Bank A/c      4,720
(Being broadband charges paid)
(j) Purchases A/c Dr 50,000
Input CGST A/c Dr    4,500
Input SGST A/c Dr    4,500
         To Rajesh    59,000
(Being goods purchased on credit locally)
(k) Purchases A/c Dr 50,000
Input CGST A/c Dr   4,500
Input SGST A/c Dr   4,500
          To Rajesh    59,000
(Being goods purchased on credit locally)
(h) Output IGST A/c Dr 54,000
Output CGST A/c Dr 12,000
Output SGST A/c Dr 12,000
      To Input IGST A/c   12,000
      To Input CGST A/c   33,000
       To Input SGST A/c   33,000
(Being GST set off and excess of CGST and SGST to be claimed as a refund)

Working Note 1

Particulars IGST CGST SGST
Output 54,000 12,000 12,000
Input 12,000 35,760  35,760
Excess 42,000 -23,760 -23,760
Set off -42,000 21,000  21,000
Payable  Nil   -2,760( Refund) -2,760 (Refund)
Concepts covered in this chapter –
  • Business Transactions and Source Document
  • Preparation of Accounting Vouchers
  • Accounting Equation
  • Using Debit and Credit
  • Rules of Debit and Credit
  • Books of Original Entry
  • Journal
  • The Ledger
  • Classification of Ledger Accounts
  • Posting from Journal
Conclusion