Page 101 - debkxi
P. 101

14.8                                                   Double Entry Book Keeping—CBSE XI

                      4. Following is the Trial Balance of P.K. Shah, Delhi prepared on 29th February, 2024:

                                          TRIAL BALANCE OF P.K. SHAH as on 29th February, 2024
                       Heads of Accounts                                          L.F.   Dr. Balance   Cr. Balance
                                                                                         `         `
                     Capital A/c  .......................................................................................................................................................  ...  22,000
                     Drawings A/c ....................................................................................................................................................  1,300  ...
                     Sundry Expenses A/c .....................................................................................................................................  2,410  ...
                     Purchases A/c ...................................................................................................................................................  27,100  ...
                     Sales A/c   ..........................................................................................................................................................  ...  43,400
                     Returns Inward A/c ........................................................................................................................................  600  ...
                     Ramesh   ............................................................................................................................................................  7,390  ...
                     Rahul   ..............................................................................................................................................................  ...  4,800
                     Input IGST A/c ..................................................................................................................................................  2,500  ...
                     Output CGST A/c.............................................................................................................................................  ...  1,500
                     Output SGST A/c .............................................................................................................................................  ...  1,500
                     Cash and Bank Balances ...............................................................................................................................  31,900  ...
                       Total                                                             73,200    73,200
                     During the month of March, 2024, following transactions took place:
                       (i)  Opening Input IGST to the extent of ` 1,500 was adjusted against Opening Output
                          CGST and balance against Opening SGST. Balance was paid.
                      (ii)  Credit purchases of goods from Rahul ` 8,000, plus CGST and SGST @ 6% each.
                      (iii)  Credit sales of goods to Ramesh, Indore ` 14,000, charged IGST @ 12%.
                      (iv)  Goods of ` 400 were returned to Rahul.
                       (v)  Cash sales of goods of ` 2,000 plus CGST and SGST @ 6% each.
                     You are required to prepare all Ledger accounts after recording the above transactions
                     and Trial Balance as on 31st March, 2024 from the Ledger accounts.

                     Solution:                    In the Books of P.K. Shah, Delhi
                                                           Ledger
                     Dr.                               CAPITAL ACCOUNT                                Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                     2024                                       2024
                     March  31  To  Balance c/d         22,000   March  1  By  Balance b/d         22,000
                     Dr.                              DRAWINGS ACCOUNT                                Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                     2024                                       2024
                     March  1  To  Balance b/d           1,300   March  31  By  Balance c/d         1,300

                     Dr.                             PURCHASES ACCOUNT                                Cr.
                     Date     Particulars         J.F.   `     Date     Particulars          J.F.   `
                     2024                                       2024
                     March  1  To  Balance b/d          27,100   March  31  By  Balance c/d        35,100
                     March  31  To  Rahul                8,000
                                                        35,100                                     35,100
   96   97   98   99   100   101   102   103   104   105   106