Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Commerce: Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

The document Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce is a part of the Commerce Course DK Goel Solutions - Class 11 Accountancy.
All you need of Commerce at this link: Commerce

Page No 13.60:

Question 5:

Record the following transaction in the Purchases Book of Modern Furniture House, New Delhi assuming CGST @ 6% and SGST @ 6% and post it into Ledger:

2017 
Nov. 3Purchased goods from Sachdeva Furniture Store, New Delhi :
 
50 Chairs @ ₹ 2,000 each
 
5 Tables @ ₹ 10,000 each
 
Less: 10% Trade Discount
10Purchased furniture from Mahadeva & Co., Jaipur (Rajasthan) valued ₹ 2,00,000, less Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce Trade Discount.
18Purchased furniture from Fashion Furniture House, Chandigarh of the list price of ₹ 2,50,000, less 15%.
20Purchased from India Furniture House, New Delhi : 
 
100 Chairs @ ₹ 1,800 each
25Purchased from Mohan Lal & Sons furniture of the value of ₹ 20,000 for cash.

ANSWER:
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Note: Transaction on Nov. 25 will not be recorded in the Purchases Book as it is a cash transaction.
(2) Input CGST, Input SGST and Input IGST according to text book are Rs.18,900, 18,900 and Rs.46,500 respectively while as per our calculation Input CGST, Input SGST and Input IGST  are Rs.23,250, 2,250 and Rs.37,800 respectively

Page No 13.60:

Question 6:

Record the following transaction in the Sales Book of Karunakaran & Sons, Chennai (Tamilnadu) assuming CGST @ 90% and SGST @ 9% and post them into Ledger:-

2017 
Dec. 5Sold of M/s Banwari Lal & Sons, Chennai, goods valued at ₹ 2,00,000 less Trade Discount 10%.
10Sold to M/s Kanti Bhai & Sons, Bengaluru (Karnataka) :
    75 Electric Fans @ ₹ 4,000 each
    20 Room Coolers @ ₹ 10,000 each
    Less: Trade Discount 8%
16Mahindra & Co., Kochi (Kerala) purchased from us goods of ₹ 1,20,000, less: 5%.
24Sold goods for cash ₹ 60,000.

ANSWER:
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Note: Transaction on Dec. 24 will not be recorded in the Sales Book as it is a cash transaction.

Page No 13.61:
Question 7:
Enter the following transactions in Return Outward Book of Modern Furniture House, Udaipur (Rajasthan) assuming CGST @ 6% and SGST @ 6% and post it into Ledger:-

2017 
Nov. 7Returned to Sachdeva Furniture Store, Ahmedabad (Gujarat) :
     5 Chairs @ ₹ 2,000 each
    1 Table for ₹ 15,000
            Less: 10% Trade Discount
22Returned 8 Chairs to India Furniture House, Jodhpur  (Rajasthan) @ ₹ 1,500 each, being not of specified quality.
24Returned one Dining Table to Arora & Co., Jaipur (Rajasthan) being not according to sample ₹ 50,000.
28Allowance claimed from Delhi Furniture Shop, Ahmedabad (Gujarat) on account of mistake in the invoice ₹ 16,000.

ANSWER:
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - CommerceQuestion 8:
Enter the following transactions in Return Inward Book of M/s Kanitkar & Co. of Mumbai (Maharashtra) assuming CGST @ 2.5% and SGST @ 2.5% and post it into Ledger:

2018 
Jan. 5Goods returned to us by Giriraj & Co., Pune (Maharashtra) worth ₹ 40,000, less 10% trade discount.
10Shah Brothers, Jaipur (Rajasthan) returned goods, being not according to sample ₹ 30,000.
16Allowance claimed by Jai Singh & Co., Mathura (U.P) on account of a mistake in the invoice ₹ 10,000.
20Good returned by Gopalsons, Mumbai being defective ₹ 20,000.

ANSWER:
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

Page No 13.61:
Question 9:
Enter the following transactions in proper Subsidiary Books and post them into Ledger:−

2017

 
March 2Purchased from Navrang Traders for ₹ 8,300
3Sold goods to Rohan for ₹ 3,200
5Bought of Ruchi Traders for ₹ 12,100
8Rohan returns the goods for ₹ 600
10Purchased goods from Jaipur Stores of the list price of ₹ 15,400 less 5% Trade Discount
12Sold goods to Arun Traders for ₹ 18,000 less 15% Trade Discount
12Bought of Amit Traders for ₹ 10,000
16Purchased Machinery from Kirloskar Ltd. ₹ 20,000
18Returned goods to Jaipur Stores for ₹ 800 less 5% Trade Discount.
19Arun Traders returned goods for ₹ 3,000, less 15% Trade Discount
20Sales to Kalpna & Co. for ₹ 14,700
22Purchased goods from Navrang Traders ₹ 25,000
25Returns outward to Navrang Traders for ₹ 1,200
26Sales to Rupa Traders for ₹ 10,000 less 10% Trade Discount
29Returns inward from Kalpana & Co. for ₹ 2,000

ANSWER:
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce
Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce

The document Ledger (Part - 2) Notes | Study DK Goel Solutions - Class 11 Accountancy - Commerce is a part of the Commerce Course DK Goel Solutions - Class 11 Accountancy.
All you need of Commerce at this link: Commerce

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