NCERT Solutions for Class 11 Accountancy Chapter 3 Recording of Transaction - I

NCERT
SOLUTIONS
CLASS - 11th

aglase .co

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Class : 11th
Subject : Accountancy
Chapter : 3
Chapter Name : Recording of Transaction-1

Q1 State the three fundamental steps in the accounting process.

Answer. The fundamental steps in the accounting process are:
→ Identification of financial transactions from the vouchers (source documents).
→ Recording the transactions in book of original entry i.e., journal.
→ Classifying the transactions into individual account i.e., ledger.
→ Preparation of financial statement in the form of Trading and Profit and Loss Account and
Balance Sheet.
→ Communicating the financial statements to the different users.

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Q2 Why is the evidence provided by the sources documents important to accounting?

Answer. A document that provides the evidence of the transactions is called the source document or
voucher. When there is no documentation of certain transactions, vouchers are prepared to present
the necessary details. The vouchers are arranged chronologically for recordings in the books of
accounts. Source documents are preserved till the audit of the accounts and tax assessments are
competed. A sources document records the name and signature of the authorized person mentioned
in it and other relevant information that may be used in future.

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Q3 Should a transaction be first recorded in a journal or ledger? Why?

Answer. Accounting transactions are first recorded in the journal, it provides complete record of each
transaction in one place i.e., the debit and credit aspect of a transaction in the same place. Journal
provides a complete and useful description of the event’s effect on the organization. This is why
journal is called as the Book of Original Entry. The individual transactions recorded in the journal are
then transferred to individual accounts.
Ledger account is known as the Principal Book of entry. It contains different accounts with transactions
relating to that account is recorded. Ledger records the transactions in analytical order, unlike journal
where transactions are recorded in chronological order.
Therefore, a transaction should be first recorded in the journal and then posted into ledger accounts.

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Q4 Are debits or credits listed first in journal entries? Are debits and credits indented?

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Answer. The journal has different debit and credit amount columns, as per the rule of double entry
system. The journal records the transaction in journal format which is different from normal way of
recording transactions. In the journal, the debit amount column is listed before the credit amount
column. These are recorded in the journal before recording in the ledger.
Indentation is leaving some space before writing any word. In journal, in the ‘Particulars’ column,
debited account is written first and the credited account is written in the next line after leaving some
space, which is indentation. Therefore, credits are indented.

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Q5 Why are some accounting systems called double accounting systems?

Answer. In double accounting system or double entry accounting, every transaction has dual aspect or
dual effect and is recorded in atleast two accounts. Every transaction involves give and take aspect. In
this the total amount debited must be equal to the total amount credited.

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Q6 Give a specimen of an account.

Answer.

Dr. _________ Account Cr.
Date Particulars L.F. Amount Date Particulars L.F. Amount

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Q7 Why are the rules of debit and credit same for liability and capital?

Answer. Businesses acquire funds from internal as well as from external sources. The business entity
concept states that the amount borrowed from the external sources as well as internal sources like
capital invested by the proprietor, is termed as liability to the business. The concept treats the
business and the business owner separately. Capital is treated as liability to the business because it
has to be repaid by the business to the owner. The capital introduced is credited the same way
liabilities incurred is credited. When liability is paid back it is debited similarly drawings from the capital
and net loss is also debited. Therefore, the rules of debit and credit are same for liability and capital.

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Q8 What is the purpose of posting J.F numbers that are entered in the journal at the time entries are
posted to the accounts?

Answer. J.F number is the number entered in the ledger while posting entries into their accounts. This
helps in determining whether the transactions are correctly posted in the accounts. It helps in locating
the entries of accounts in journal. It also ensures that all the transactions are posted or not.

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Q9 What entry (debit or credit) would you make to : (a) increase revenue (b) decrease in expense (c)
record drawings (d) record the fresh capital introduced by the owner.

Answer.
(a) Increase revenue – increase in revenue is credited as it increases the profit eventually
increasing the capital. Since capital has a credit balance, any increase in capital is credited,
therefore, increase in revenue will be credited.
(b) Decrease in expense – Decrease in expense leads to increase in net profit leading to increase
in capital. Expenses have debit balances, so, increase in expense is debited and decrease in
capital is credited.
(c) Record drawings – drawings lead to decrease in capital. Since capital has a credit balance,
any increase in capital is credited while any decrease in capital debited. Therefore drawings
are debited.
(d) Record of fresh capital introduced by the owner – Introduction of fresh capital leads to increase
in the capital present. Since capital has credit balance, increase in capital id credited.

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Q10 If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or as a
credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or
a credit?

Answer. If a transaction has the effect of decreasing an asset, it is recorded as credit. Since assets
have debit balance, any increase in asset is debited while any decrease in asset is credited.
Therefore, decrease in asset will be recorded as credit.
If a transaction has the effect of decreasing a liability, it is recorded as debit. Liabilities have credit
balance, increase in liability is credited whereas decrease in liability is debited. Therefore, decrease in
liability is debited.

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Q1 Describe the events recorded in accounting systems and the importance of sources documents in
those systems.

Answer. Numerous transactions take place in an organization on everyday basis and it is beyond
human capacity to memorise all the transactions, this is why source documents are used in the
accounting system. These are the evidence of business transactions that can be used in future and in
court of law as well. These ensure that the recordings are not biased.
Events that are supported by source documents are :
Credit sale of goods supported by sale invoice/bill.
Credit purchase of goods supported by purchase invoice/bill.
Cash sales and cash purchases supported by cash memo.
Goods returned by customers supported by credit note and goods returned to customers supported by
credit note.

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Payments through bank supported by cheque.
Deposits into bank supported by pay-in-slips.
Only those events that can be expressed in terms of money are recorded in the books of accounts.
Events that cannot be expressed in terms of money i.e., non-monetary events are not taken into
account. For example, labour turnover, promotion of manager, etc. cannot be recorded in the books
whereas, events like increase in salary is recorded.
Source document is important as it records the date, amount, name of the parties involved and other
details. Sources documents act as evidence in the court of law and are used for verification at the time
of auditing.

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Q2 Describe how debits and credits are used to analyse transactions.

Answer. Every transaction has a give and take aspect. According to the double entry accounting,
every transaction affects and is recorded in at least two or more accounts, the total amount debited
must be equal to the total amount credited. Debit and credit depends on the nature of the accounts
involved, such as assets, expenses, liabilities, income and capital. There are five kinds of accounts :
Assets- it includes the property or legal rights owned by the organization for its operations such as
building, furniture, machinery, etc. The journal for purchase of a new machinery is :
Asset A/c Dr.
To Cash A/c
Since there is reduction in the cash balance due to new purchase, the cash account is credited and
there is increase in an asset, asset account will be debited.
Expenses – these are the expenditure incurred by the firm for carrying its operations. When an
expense is incurred, the journal entry passed is :
Expenditure A/c Dr.
To Cash A/c
In this case, the cash account is debited because of the decrease in cash balance whereas
expenditure account is debited to record the reduction in cash.
Liabilities – it includes the debts held by the firm for its operations. When a debt is taken, the journal
entry is :
Bank A/c Dr.
To Bank Loan A/c
The bank account is debited because there is increase in the cash balance of the firm. Bank loan is a
liability for the firm and liabilities have credit balance, therefore, bank loan account is credited.
Income – these are the profits earned by the firm, it is also the excess of revenue over expenditure.
The journal entry for receiving an income is :
Cash A/c Dr.
To Income A/c
Here, cash account is debited to account for the increase in cash balance while income account is
credited because it has a credit balance as it leads to increase in capital.
Capital – It is the amount invested by the owner in the business. It has a credit balance. The journal
for increase in capital is :
Cash A/c Dr.
To Capital A/c

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The cash account is debited because introduction of new capital in the firm increase the cash balance,
capital account is credited because it has credit balance and it is the amount owed by the owner and
has to be returned.

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Q3 Describe how accounts are used to record information about the effects of transactions?

Answer. Transactions are first recorded in the book of original entry (journal) chronologically. The
conclusion for an account cannot be drawn through a single entry. Accounts are prepared to know the
position of the business at regular intervals.
For example, Goods worth Rs. 1,00,000 sold to Mr. X on July 15 and received payment on July 30
Rs. 95,000.
The journal entry recorded will be:
Date Particulars L.F. Debit (Rs.) Credit (Rs.)
July15 X’s A/c Dr. 24 1,00,000
To Sales A/c 15 1,00,000
(Being goods sold to Mr. X on credit)
July 17 95,000
30 24 95,000
Cash A/c Dr.
To X’s A/c
(Being cash received from Mr. X)

Steps for posting journals into ledger accounts :
Step 1 – Locating the account in ledger i.e., Mr. X’s Account.
Step 2 – Date is entered in the date column of the debit side of X’s A/c
Step 3 – In the ‘particulars’ column of the debit side of X’s A/c, the name of the corresponding account
is mentioned i.e., ‘sales’.
Step 4 – The page number of the ledger is entered in the Journal Folio (J.F.) column of X’s A/c
Step 5 – the amount is entered in the ‘Amount’ column.
Step 6 – similar steps are to be followed to post the entries on the credit side of X’s A/c.
Step 7 – after all the transactions are posted in the ledger, both sides are totaled and the difference is
written in the shorter side as ‘balance c/d’.
Step 8 – The total is written on both sides .

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Q4 What is a journal? Give a specimen of journal showing at least five entries.

Answer. Journal is the book of original entry. Journal records the transactions as they take place in
chronological order. After recording in the journal, the transactions are posted in respective accounts.
Transactions are recorded after determining the particular account to be debited or credited.
Proforma of journal
In the books of
Date Particulars L.F. Debit (Rs.) Credit(Rs.)

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→ Date records the date on which transaction takes place.
→ Particulars records the details of the transactions like, name of parties involved and name of
related accounts.
→ Ledger folio (L.F.) records the page number of the ledger account when entry is posted.
→ Debit amount records the debit amount
→ Credit amount records the amount to be credited.
Example :
1. Started business with cash Rs. 2,00,000 on Jan 01.
2. Opened bank account Rs. 50,000 on Jan 05.
3. Purchased goods for cash worth Rs. 70,000 on Jan 12.
4. Sold goods for cash Rs. 90,000 on Jan 15.
5. Sold goods on credit to Mr. A Rs. 15,000 on Jan 20.

In the books of
Journal
Date Particulars L.F. Debit (Rs.) Credit (Rs.)
Jan 01 Cash A/c Dr. 2,00,000
To Capital A/c 2,00,000
(Being business started with cash )
Jan 05 Bank A/c Dr. 50,000
To Cash A/c 50,000
(Being Bank account opened)
Jan 12 Purchases A/c Dr. 70,000
To Cash A/c 70,000
(Being Goods purchased for cash )
Jan 15 Cash A/c Dr. 90,000
To Sales A/c 90,000
(Being goods sold for cash )
Jan 20 A’s A/c Dr. 15,000
To Sales A/c 15,000
(Being goods sold to Mr. A on credit )

TOTAL 4,25,000 4,25,000

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Q5 Differentiate between source documents and vouchers.

Answer.
Source documents Vouchers

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It refers to the documents in writing, and Source document which is considered as
contains all the details of the transactions. evidence of a transaction is voucher .

These are used for preparing accounting These are used for analyzing transactions.
vouchers.

These are the basis for preparing accounting These are the basis for recording transactions.
vouchers that help in recording.

It is prepared as and when the transaction It can be prepared at the time of the
takes place. transaction taking place or later on.

These can be used as evidence in the court of These can be used for assessing the
law. authenticity of the transactions.

These are prepared by the parties involved in It is prepared by authorized personnel or
the transaction, or who is authorized to accountants.
prepare or approve the documents.

Example – cash memo, invoice and pay-in Example –cash memo, debit note, credit note,
slip, etc. cash vouchers , transfer vouchers, etc.

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Q6 Accounting equation remains intact under all circumstances. Justify the statement with the help of
an example.

Answer. Accounting equation signifies that the assets of a business are always equal to the total of its
liabilities and capital. The equation reads as follows : A = L+C, here, A – Assets, L – Liabilities, C-
capital. Accounting equation depicts the fundamental relationship among the components of the
balance sheet.
In any circumstance the given equation cannot be changed. For example,
Business started with cash Rs. 50,000. The entry passed will be :
Cash A/c Dr. 50,000
To Capital A/c 50,000
Assets = Liabilities + Capital
Cash 50,000 50,000
Cash invested in the business increases the cash balance and the capital of the firm.
Goods purchased on credit Rs. 10,000.
Assets = Liabilities + Capital
Cash Stock Creditors
50,000 10,000 = 10,000 + 50,000
Increase in an asset leads to simultaneous increase in liability.
The above examples prove that in any circumstance the accounting equation remains intact.

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Q7 Explain the double entry mechanism with an illustrative example.

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Answer. Every transaction has a give and take aspect i.e., every transaction affects and is recorded in
at least two accounts. The total amount debited must be equal to the total amount credited. In double
entry accounting the accounts are classified as given :
Classification of accounts

Personal accounts Impersonal accounts

Real accounts Nominal accounts

Personal account includes all the individual persons, firms, companies, etc. for example- Mr. X, M/s.
XYZ and Co.

Rule of double entry for personal accounts – debit the receiver and credit the giver.

Example , received cash from Mr. Y

Cash A/c Dr.
To Mr. Y
Impersonal account includes non-living things. It is further classified into real and nominal accounts.
Real account – it includes all the assets tangible and intangible.
Rule of double entry for real accounts- debit what comes in, credit what goes out.
Example, Purchased machinery for cash
Machinery A/c Dr.
To Cash A/c
Nominal account – it includes all the expenses, losses, incomes and gains.
Rule of double entry for nominal accounts – debit all expenses and losses, credit all incomes and
gains.
Example, commission received
Cash A/c Dr.
To Commission A/c

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Q1 Prepare accounting equation on the basis of the following:
(a) Harsha started business with cash Rs 2,00,000
(b) Purchased goods from Naman for cash Rs 40,000
(c) Sold goods to Bhanu costing Rs 10,000/- Rs 12,000
(d) Bought furniture on credit Rs 7,000

Answer.

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S. Narration Assets Liabili
No.
Cash Debtors Stock Furniture Capital

1. Increase in cash 200000
Increase in capital 200000

Total 200000 200000

2. Increase in stock 40000
Increase in creditors

Total 200000 40000 200000

3. Decrease in Stock (10000)
Increase in debtors 12000
Increase in capital 2000

Total 200000 12000 30000 202000

4. Increase in furniture 7000
Increase in creditors

Total 200000 12000 30000 7000 202000

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Q2 Prepare accounting equation from the following:

(a) Kunal started business with cash 2,50,000
(b) He purchased furniture for cash 35,000
(c) He paid commission 2,000
(d) He purchases goods on credit 40,000
(e) He sold goods (costing Rs 20,000) for cash 26,000

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Answer.

S. Narration Assets Liabilities
No.
Cash Stock Furniture Capital Creditors

1. Increase in cash 250000
Increase in capital 250000

Total 250000 250000

2. Increase in furniture 35000
Decrease in cash (35000)

Total 215000 35000 250000

3. Decrease in capital (2000)
Decrease in cash (2000)

Total 213000 35000 248000

4. Increase in Stock 40000
Increase in creditors 40000

Total 213000 40000 35000 248000 40000

5. Decrease in Stock (20000)
26000
Increase in cash 6000
Increase in capital

Total 239000 20000 35000 254000 40000

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Q3 Mohit has the following transactions, prepare accounting equation.

(a) Business started with cash 1,75,000

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(b) Purchased goods from Rohit 50,000
(c) Sales goods on credit to Manish (Costing Rs 17,500) 20,000
(d) Purchased furniture for office use 10,000
(e) Cash paid to Rohit in full settlement 48,500
(f) Cash received from Manish 20,000
(g) Rent paid 1,000
(h) Cash withdrawn for personal use 3,000

Answer.

S. Narration Assets
No.
Cash Stock Furniture Debtors Capital

1. Increase in cash 175000
Increase in capital 175000

Total 175000 175000

2. Increase in Stock 50000
Increase in Creditors

Total 175000 50000 175000

3. Decrease in Stock (17500)
20000
Increase in Debtors 2500
Increase in capital

Total 175000 37500 20000 177500

4. Increase in Furniture 10000
Decrease in cash (10000)

Total 165000 37500 10000 20000 177500

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5. Decrease in cash (48500)
Decrease in creditors
Increase in capital 1500

Total 116500 37500 10000 20000 179000

6 Increase in cash 20000
Decrease in debtors (20000)

Total 136500 37500 10000 - 179000

7 Decrease in cash (1000)
Decrease in capital (1000)

Total 135500 37500 10000 178000

8 Decrease in cash (3000) (3000)
Decrease in capital

Total 132500 37500 10000 - 175000

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Q4 Rohit has the following transactions:

(a) Commenced business with cash 1,50,000
(b) Purchased machinery on credit 40,000
(c) Purchased goods for cash 20,000
(d) Purchased car for personal use 80,000
(e) Paid to creditors in full settlement 38,000
(f) Sold goods for cash costing Rs 5,000 4,500
(g) Paid rent 1,000
(h) Commission received in advance 2,000

Prepare the Accounting Equation to show the effect of the above transactions on the assets, liabilities
and capital.

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Answer.

S. Narration Assets Lia
No.
Cash Stock Machinery Capital Creditors

1. Increase in cash 150000
Increase in capital 150000

Total 150000 150000

2. Increase in Machinery 40000
Increase in Creditors 40000

Total 150000 40000 150000 40000

3. Increase in Stock 20000
Decrease in cash (20000)

Total 130000 20000 40000 150000 40000

4. Decrease in cash (80000)
Decrease in capital (80000)

Total 50000 20000 40000 70000 40000

5. Decrease in cash (38000)
Decrease in creditors (40000)
Increase in capital 2000

Total 12000 20000 40000 72000 -

6 Increase in cash 4500
Decrease in stock (5000)
Decrease in capital (500)

Total 16500 15000 40000 71500

7 Decrease in cash (1000)
Decrease in capital (1000)

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Total 15500 15000 40000 70500 -

8 Increase in cash 2000
Increase in unclaimed
liability

Total 17500 15000 40000 70500

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Q5 Use accounting equation to show the effect of the following transactions of M/s Royal Traders:

Rs
(a) Started business with cash 1,20,000
(b) Purchased goods for cash 10,000
(c) Rent received 5,000
(d) Salary outstanding 2,000
(e) Prepaid Insurance 1,000
(f) Received interest 700
(g) Sold goods for cash (costing Rs 5,000) 7,000
(h) Goods destroyed by fire 500

Answer.

S. Narration Assets Liabilities
No.
Cash Stock Prepaid Capital Outstanding
expenses expenses

1. Increase in cash 120000
Increase in capital 120000

Total 120000 120000

2. Increase in Stock 10000
Decrease in cash (10000)

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Total 110000 10000 120000

3. Increase in capital 5000
Increase in cash 5000

Total 115000 10000 125000

4. Increase in o/s salary 2000
Decrease in capital (2000)

Total 115000 10000 123000 2000

5. Increase in prepaid 1000
insurance
Decrease in cash (1000)

Total 114000 10000 1000 123000 2000

6 Increase in cash 700
Increase in capital 700

Total 114700 10000 1000 123700 2000

7 Decrease in Stock (5000)
Increase in cash 7000
Increase in capital 2000

Total 121700 5000 1000 125700 2000

8 Decrease in Stock (500)
Decrease in Capital (500)

Total 121700 4500 1000 125200 2000

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Q6 Show the accounting equation on the basis of the following transaction:

(a) Udit started business with: Rs
(i) Cash 5,00,000

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(ii) Goods 1,00,000
(b) Purchased building for cash 2,00,000
(c) Purchased goods from Himani 50,000
(d) Sold goods to Ashu (Cost Rs 25,000) 36,000
(e) Paid insurance premium 3,000
(f) Rent outstanding 5,000
(g) Depreciation on building 8,000
(h) Cash withdrawn for personal use 20,000
(i) Rent received in advance 5,000
(j) Cash paid to Himani on account 20,000
(k) Cash received from Ashu 30,000

Answer.

S. Narration Assets Liabilitie
No
.
Cash Stock Building Debtors Capital Creditors Outstandin
expenses

1. Increase in cash 500000
Increase in goods 100000
Increase in capital 600000

Total 500000 100000 600000

2. Increase in 200000
building (200000)
Decrease in cash

Total 300000 100000 200000 600000

3. Increase in stock 50000
Increase in 50000
creditors

Total 300000 150000 200000 600000 50000

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4. Decrease in stock (25000)
Increase in debtors 36000
Increase in capital 11000

Total 300000 125000 200000 36000 611000 50000

5. Decrease in capital (3000)
Decrease in cash (3000)

Total 297000 125000 200000 36000 608000 50000

6 Increase in
outstanding 5000
expenses
Decrease in capital (5000)

Total 297000 125000 200000 36000 603000 50000 5000

7 Decrease in (8000)
building (8000)
Decrease in capital

Total 297000 125000 192000 36000 595000 50000 5000

8 Decrease in cash (20000)
Decrease in (20000)
Capital

Total 277000 125000 192000 36000 575000 50000 5000

9 Increase in
unclaimed income
Increase in cash 5000

Total 282000 125000 192000 36000 575000 50000 5000

10 Decrease in cash (20000)
Decrease in
creditors (20000)

Total 262000 125000 192000 36000 575000 30000 5000

11 Increase in cash 30000
Decrease in (30000)
debtors

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Total 292000 125000 192000 6000 575000 30000 5000

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Q7 Show the effect of the following transactions on Assets, Liabilities and Capital through accounting
equation:

Rs

(a) Started business with cash 1,20,000

(b) Rent received 10,000

(c) Invested in shares 50,000

(d) Received dividend 5,000

(e) Purchase goods on credit from Ragani 35,000

(f) Paid cash for household Expenses 7,000

(g) Sold goods for cash (costing Rs 10,000) 14,000

(h) Cash paid to Ragani 35,000
(i) Deposited into bank 20,000

Answer.

S. Narration Assets Liabilities
No
.
Cash Stock Bank Investmen Capital Creditors
t

1. Increase in cash 120000
Increase in capital 120000

Total 120000 120000

2. Increase in capital 10000
Increase in cash 10000

Total 130000 130000

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3. Increase in 50000
investment
Decrease in cash (50000)

Total 80000 50000 130000

4. Increase in cash 5000
Increase in capital 5000

Total 85000 50000 135000

5. Increase in stock 35000
Increase in creditors 35000

Total 85000 35000 50000 135000 35000

6 Decrease in cash (7000)
(7000)
Decrease in Capital

Total 78000 35000 50000 128000 35000

7 Decrease in stock (10000)
Increase in cash
Increase in capital 14000

4000

Total 92000 25000 50000 132000 35000

8 Decrease in cash (35000)
Decrease in
creditors (35000)

Total 57000 25000 50000 132000 -

9 Increase in bank 20000
Decrease in cash
(20000)

Total 37000 25000 20000 50000 132000 -

Page : 90 , Block Name : Numerical Question

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Q8 Show the effect of following transaction on the accounting equation:

Rs
(a) Manoj started business with
(i) Cash 2,30,000
(ii) Goods 1,00,000
(iii) Building 2,00,000
(b) He purchased goods for cash 50,000
(c) He sold goods(costing Rs 20,000) 35,000
(d) He purchased goods from Rahul 55,000
(e) He sold goods to Varun (Costing Rs 52,000) 60,000
(f) He paid cash to Rahul in full settlement 53,000
(g) Salary paid by him 20,000
(h) Received cash from Varun in full settlement 59,000
(i) Rent outstanding 3,000
(j) Prepaid Insurance 2,000
(k) Commission received by him 13,000
(l) Amount withdrawn by him for personal use 20,000
(m) Depreciation charge on building 10,000
(n) Fresh capital invested 50,000
(o) Purchased goods from Rakhi 6,000

Answer.

S. Narration Assets Liab
N
o.
Cash Stock Building Debtors Prepaid Capital Creditors
expenses

1. Increase in cash 230000
Increase in goods 100000
Increase in 200000
building
Increase in capital 530000

Page 20 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Total 230000 100000 200000 530000

2. Increase in stock 50000
Decrease in cash (50000)

Total 280000 150000 200000 530000

3. Decrease in stock (20000)
35000
Increase in cash 15000
Increase in capital

Total 315000 130000 200000 545000

4. Increase in stock 55000
Increase in 55000
Creditors

Total 315000 185000 200000 545000 55000

5. Decrease in stock (52000)
60000
Increase in
debtors 8000
Increase in capital

Total 315000 133000 200000 60000 553000 55000

6 Decrease in cash (53000)
Decrease in
creditors (55000)
Increase in capital

2000

Total 262000 133000 200000 60000 555000 -

7 Decrease in cash (20000)
Decrease in (20000)
capital

Page 21 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Total 242000 133000 200000 60000 535000 -

8 Increase in cash 59000
Decrease in (60000)
debtors
Decrease in (1000)
Capital

Total 301000 133000 200000 - 534000

9 Increase in
outstanding
expenses
Decrease in
capital (3000)

Total 301000 133000 200000 - 531000

10 Decrease in cash (2000)
Increase in
prepaid expenses 2000

Total 299000 133000 200000 2000 531000

11 Increase in cash 13000
Increase in capital 130000

Total 312000 133000 200000 - 2000 544000 -

12 Decrease in cash (20000)
Decrease in
capital (20000)

Total 292000 133000 200000 - 2000 524000 -

13 Decrease in (10000)
building
Decrease in
capital (10000)

Total 292000 133000 190000 - 2000 514000 -

14 Increase in cash 50000
Increase in capital 50000

Page 22 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Total 342000 133000 190000 - 2000 564000

15 Increase in stock 6000 190000
Increase in
creditors 6000

Total 342000 1390000 190000 - 2000 564000 6000

Page : 90 , Block Name : Numerical Question

Q9 Transactions of M/s. Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting Equation.

Rs

(a) Business started with cash 1,25,000

(b) Purchased goods for cash 50,000

(c) Purchase furniture from R.K. Furniture 10,000

(d) Sold goods to Parul Traders (costing Rs 7,000 vide bill no. 5674) 9,000

(e) Paid cartage 100

(f) Cash Paid to R.K. furniture in full settlement 9,700

(g) Cash sales (costing Rs 10,000) 12,000

(h) Rent received 4,000

(i) Cash withdrawn for personal use 3,000

Answer.

S. Narration Assets Liabilities
No
.
Cash Stock Furniture Debtors Capital Creditors

1. Increase in cash 125000
Increase in capital 125000

Page 23 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Total 125000 125000

2. Increase in Stock 50000
Decrease in cash (50000)

Total 75000 50000 125000

3. Increase in furniture 10000
Increase in creditors 10000

Total 75000 50000 10000 125000 10000

4. Increase in debtors 9000
Decrease in stock (7000)
Increase in capital 2000

Total 75000 43000 10000 9000 127000 10000

5. Decrease in cash (100)
(100)
Decrease in Capital

Total 74900 43000 10000 9000 126900 10000

6 Decrease in cash (9700)
Decrease in creditor (10000)
Increase in Capital 300

Total 65200 43000 10000 9000 126600 -

7 Decrease in stock (10000)
Increase in cash 12000
Increase in capital 2000

Total 77200 33000 10000 9000 128600 -

8 Increase in cash 4000
Increase in capital 4000

Total 81200 33000 10000 9000 132600 -

9 Decrease in cash (3000)
Decrease in capital (3000)

Page 24 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Total 78200 33000 10000 9000 129600 -

Page : 91 , Block Name : Numerical Question

Q10 Bobby opened a consulting firm and completed these transactions during November, 2005:

(a) Invested Rs 4,00,000 cash and office equipment with Rs 1,50,000 in a business
called Bobbie Consulting.
(b) Purchased land and a small office building. The land was worth Rs 1,50,000 and
the building worth Rs 3,50,000. The purchase price was paid with Rs 2,00,000
cash and a long term note payable for Rs 8,00,000.
(c) Purchased office supplies on credit for Rs 12,000.
(d) Bobbie transferred title of motor car to the business. The motor car was worth Rs
90,000.
(e) Purchased for Rs 30,000 additional office equipment on credit.
(f) Paid Rs 75,00 salary to the office manager.
(g) Provided services to a client and collected Rs 30,000
(h) Paid Rs 4,000 for the month’s utilities.
(i) Paid supplier created in transaction (c).
(j) Purchase new office equipment by paying Rs 93,000 cash and trading in old
equipment with a recorded cost of Rs 7,000.
(k) Completed services of a client for Rs 26,000. This amount is to be paid within 30
days.
(l) Received Rs 19,000 payment from the client created in transaction (k).
(m) Bobby withdrew Rs 20,000 from the business.
Analyse the above stated transactions and open the following T-accounts:
Cash, client, office supplies, motor car, building, land, long term payables, capital, withdrawals, salary,
expense and utilities expense.
Answer.
a) Investment in the business is its capital. Hence , the investment of assets namely cash and office
equipment will be debited into the business as the increase in assets is debited while the increase in
liabilities is credited. So, the capital A/c will be credited by 5,50,000 and cash A/c and office equipment
A/c will be debited by Rs. 4,00,000 and 1,50,000 respectively.
b) The land and office building are purchased so Land A/c and building A/c will be debited by rs.
1,50,000 and rs. 3,50,000 respectively. Cash a/c will be credited by rs. 2,00,000 as cash is reduced in

Page 25 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

the transaction. The remaining amount is transferred into the creditors for building A/c and it is credited
by rs. 3,00,000. The long term promissory note is a liability for the business against which it will
receive cash. So,the cash a/c is debited and the long term bills payables a/c will be credited by rs.
8,00,000.
c) Office supplies a/c will be debited and the supplier a/c will be credited by rs. 12,000.
d) The motor car will serve as the capital of the firm. So, the capital a/c will be credited and motor car
a/c will be debited by rs. 90,000.
e) Office equipment a/c will be debited and the creditors for office equipment a/c will be credited by rs.
30,000.
f) Salary is an expense of the firm and hence it will be debited as per the golden rule ,”debit expenses
and losses”. Salary A/c will be debited and the cash A/c will be credited by rs. 75,000.
g) Services to client A/c will be credited as it is an income to the firm. Cash A/c will be debited by
₹30000 as cash is received by the firm against the services provided by it.
h) It is an expense and hence will be debited. Cash is paid for it so it will be credited by ₹4000.
i) Payment is made to supplier so the supplier A/c will be debited and the Cash A/c will be credited by
₹12000.
j) Here, the new office equipment is debited by 1,00,000 as it is an asset and is gained by the firm.
Again, cash is paid for it so cash A/c will be credited by ₹93000. The remaining 7,000 will be credited
to the account Office equipment as it is sold for 7000. So the net entry would be made by debiting the
office equipment a/c by ₹93000.
k) Services to client A/c will be credited and the client A/c will be debited by ₹26000.
l) Cash A/c will be debited and the client A/c will be credited by ₹19000.
m) Drawings A/c will be debited as it is a loss to the firm while the cash A/c will be credited as cash is
taken out of the business.

Dr. Cash A/c
Cr.

Date Particulars J. F. Amount Date Particulars J.
rs.

i To capital A/c 400000 i By land A/c
ii To services to client A/c 30000 ii By building A/c
iii To client A/c 19000 iii By salary A/c
iv By utilities A/c
v By supplier A/c
vi By office equipment A/c
vii By drawings A/c
By balance c/d

Dr. Office Equipment A/c
Cr.

Page 26 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J. F. Amount rs. Date Particulars J.

i To capital A/c 150000
ii To creditors for office equipment A/c 30000
iii To cash A/c 93000 By balance c/d

Office Supplies A/c
Dr.
Cr.

Date Particulars J. Amount rs. Date Particulars J.
F. .

i To supplier's A/c 12000 By balance c/d

Capital A/c
Dr.
Cr.

Date Particulars J. F. Amount Date Particulars J.
rs. .

i By cash A/c
ii By office equipment A/c
To balance c/d 640000 iii By motor car A/c

Land A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i To cash A/c 150000 By balance c/d

Client A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

Page 27 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

i To services to client A/c 26000 i By Cash A/c
By balance c/d

Building A/c
Dr.
Cr.

Date Particulars J.F. Amount Date Particulars J
rs. .

i To cash A/c 50000
ii To creditors for building A/c 300000 By balance c/d

Long Term Bills Payable A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

To balance c/d 800000 i By cash A/c

Creditors for Building A/c
Dr.
Cr.

Date Particulars J.F. Amount Date Particulars J
rs. .

To balance c/d 300000 i By building A/c

Supplier A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i To cash A/c 12000 i By office supplies A/c

Creditors for Office Equipment A/c
Dr.
Cr.

Page 28 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount rs. Date Particulars J
.

To balance c/d 30000 i By office equipment A/c

Salaries A/c
Dr.
Cr.

Date Particulars J.F. Amount Date Particulars J
rs. .

i To cash A/c 75000 By Profit and Loss A/c

Motor car A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i To capital A/c 90000 By balance c/d

Services to client A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i By client A/c
To Profit and loss A/c 56000 ii By cash A/c

Utilities A/c
Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i To cash A/c 4000 By Profit and loss A/c

Drawings A/c

Page 29 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr.
Cr.

Date Particulars J.F. Amount rs. Date Particulars J
.

i To cash A/c 20000

Page : 91 , Block Name : Numerical Question

Q11 Journalise the following transactions in the books of Himanshu:

2017 Rs
Dec.01 Business started with cash 75,000
Dec.07 Purchased goods for cash 10,000
Dec.09 Sold goods to Swati 5,000
Dec.12 Purchased furniture 3,000
Dec.18 Cash received from Swati in full settlement 4,000
Dec.25 Paid rent 1,000
Dec.30 Paid salary 1,500

Answer.

In the books of Himanshu
Journal

Date Particulars L. Debit Amount Rs. Cre
F.

2017 Cash A/c Dr. 75000
dec 1 To Capital A/c 750
(Being started business with cash)

Dec 7 Purchases A/c Dr. 10000
To cash A/c 100

Page 30 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

(Being purchased goods for cash)
Swati's A/c Dr.
Dec 9 To Sales A/c 5000
(Being sold goods to Swati) 500
Furniture A/c Dr.
To cash A/c
Dec 12 (Being purchased furniture) Cash A/c 3000
Dr. 300
To Swati's A/c
(Being received cash from Swati in full settlement) Rent A/c
Dec 18 Dr. 4000
To cash A/c 400
(Being paid rent)
Salary A/c Dr.
Dec 25 To cash A/c 1000
100
(Being paid salary)

Dec 30 1500
150

Page : 92 , Block Name : Numerical Question

Q12 Enter the following Transactions in the Journal of Mudit :

2017 Rs
Jan.01 Commenced business with cash 1,75,000
Jan.01 Building 1,00,000
Jan.02 Goods purchased for cash 75,000
Jan.03 Sold goods to Ramesh 30,000
Jan.04 Paid wages 500
Jan.06 Sold goods for cash 10,000
Jan.10 Paid for trade expenses 700
Jan.12 Cash received from Ramesh 29,500
Discount allowed 500
Jan.14 Goods purchased for Sudhir 27,000
Jan.18 Cartage paid 1,000
Jan.20 Drew cash for personal use 5,000
Jan.22 Goods use for household 2,000
Jan.25 Cash paid to Sudhir 26,700

Page 31 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Discount allowed 300

Answer.
In the books of Himanshu
Journal

Date Particulars L.F. Debit amount rs. Cre

2017 Cash A/c Dr. 175000
Jan 1 Building A/c Dr. 100000
To Capital A/c 275
(Being started business with cash)

Jan 2 Purchases A/c Dr. 75000
. To cash A/c 750
(Being purchased goods for cash)
Ramesh's A/c Dr.
Jan 3 To Sales A/c 30000
(Being sold goods to Ramesh) 300
Wages A/c Dr.

Jan 4 To cash A/c 500
500
(Being wages paid) Cash A/c
Dr. To Sales A/c
Jan 6 (Being sold goods) 10000
100
Trade expenses A/c Dr.

Jan 10 To cash A/c 700
(Being paid for trade expenses) 700

Cash A/c Dr.
Jan 12 29500
Discount A/c Dr. 500
300
To Ramesh's A/c
(Being received cash from Ramesh and allowed discount)
Jan 14 27000
Purchases A/c Dr. 270
To Sudhir's A/c
Jan 18 (Being purchased goods from Sudhir) 1000
100
Cartage A/c Dr.

Jan 20 To cash A/c 5000
500

Page 32 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

(Being paid cartage)

Jan 22 Drawings A/c Dr.
To cash A/c 2000
200
(Being withdrew for personal use)
Jan 25
Drawings A/c Dr. 27000
267
To purchases A/c
300
(Being goods used for household purpose)
Sudhir's A/c Dr.
To Cash A/c
To Discount A/c
(Being paid cash and received discount from Sudhir)

Page : 92 , Block Name : Numerical Question

Q13 Journalise the following transactions:

2017 Rs
Dec. 01 Hema started business with cash 1,00,000
Dec. 02 Open a bank account with SBI 30,000
Dec. 04 Purchased goods from Ashu 20,000
Dec.06 Sold goods to Rahul for cash 15,000
Dec.10 Bought goods from Tara for cash 40,000
Dec.13 Sold goods to Suman 20,000
Dec.16 Received cheque from Suman 19,500
Discount allowed 500
Dec.20 Cheque given to Ashu on account 10,000
Dec.22 Rent paid by cheque 2,000
Dec.23 Deposited into bank 16,000
Dec.25 Machine purchased from Parigya 10,000
Dec.26 Trade expenses 2,000
Dec.28 Cheque issued to Parigya 10,000

Page 33 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec.29 Paid telephone expenses by cheque 1,200
Dec.31 Paid salary 4,500

Answer.
Journal

Date Particulars L. Debit amount C
F. Rs. R

2017 Cash A/c Dr. 100000
Dec 1 To Capital A/c 10
(Being started business with cash)

Dec. 02 Bank A/c Dr. 30000
To cash A/c
(Being opened bank account with SBI)
Purchases A/c Dr. 30
Dec. 04 20000
To Ashu's A/c
(Being purchased goods from Ashu)
Dec.06 Cash A/c Dr. 15000

To Sales A/c 20
(Being sold goods for cash)
Dec.10 40000

Purchases A/c Dr.
Dec.13 20000
To cash A/c 15
(Being purchased goods for cash)
Dec.16 Suman's A/c Dr. 19500
500
To Sales A/c
(Being sold goods to Suman) 40
Dec.20 Bank A/c Dr. 10000

Discount A/c Dr.

Dec.22 To Suman's A/c 2000
(Being received cheque from Suman and allowed discount) 20
Ashu's A/c Dr.
Dec.23 16000
To bank A/c
(Being given cheque to Ashu)

Page 34 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec.25 Rent A/c Dr. 10000
20
To bank A/c
(Being given rent by cheque)
Dec.26 2000
Bank A/c Dr.
To cash A/c 10
Dec.28 10000
(Being deposited into bank)
Machinery A/c Dr.
Dec.29 To Parigya's A/c 1200
(Being purchased machinery from Parigya) 20
Trade expenses A/c Dr.
Dec.31 4500
To cash A/c
(Being paid for trade expenses)
Parigya's A/c Dr. 16
To cash A/c
(Being paid to parigya)
Telephone expenses A/c Dr
To bank A/c 10
(Being telephone expenses by cheque)
Salary A/c Dr.
To Cash A/c
(Being paid salary) 20

10

12

Page 35 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

45

Page : 93 , Block Name : Numerical Question

Q14 Journalise the following transactions in the books of Harpreet Bros.:

(a) Rs 1,000 due from Rohit are now bad debts.
(b) Goods worth Rs 2,000 were used by the proprietor.
(c) Charge depreciation @ 10% p.a for two month on machine costing Rs 30,000.
(d) Provide interest on capital of Rs 1,50,000 at 6% p.a. for 9 months.
(e) Rahul become insolvent, who owed is Rs 2,000 a final dividend of 60 paise in a
rupee is received from his estate.

Answer.

Date Particulars L. F. Debit Amount C
₹ ₹

a Bad debts A/c Dr. 1000
To Rohit's A/c 1
(Being amount due from Rohit declared bad debts)

b Drawings A/c Dr. 2000
To Purchases A/c 2
(Being goods withdrawn by proprietor)

c Depreciation A/c Dr. 500
To Machinery A/c 5
(Being charged depreciation on machinery)
Interest on Capital A/c Dr.
d To capital A/c 6750
(Being provided for interest on capital) 6
Cash A/c Dr.
Bad debts A/c Dr.
e To Rahul's A/c 1200
(Being Rahul declared insolvent and 60 paise in a rupee 800
recovered from his estate) 2

Page : 93 , Block Name : Numerical Question

Page 36 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Q15 Prepare Journal from the transactions given below :

Rs
(a) Cash paid for installation of machine 500
(b) Goods given as charity 2,000
(c) Interest charge on capital @ 7% p.a. when total capital were 70,000
(d) Received Rs 1,200 of a bad debts written-off last year.
(e) Goods destroyed by fire 2,000
(f) Rent outstanding 1,000
(g) Interest on drawings 900
(h) Sudhir Kumar who owed me Rs 3,000 has failed to pay the amount.
He pays me a compensation of 45 paise in a rupee.
(i) Commission received in advance 7,000

Answer.

Date Particulars L. F. Debit amount Cr
₹ ₹

a Machinery A/c Dr. 500
To cash A/c 50
(Being paid cash for installation of machinery)
Charity A/c Dr.
b To purchases A/c 2000
(Being goods given as charity)
Interest on Capital A/c Dr.
To capital A/c
c (Being provided for interest on capital) 4900 20
Cash A/c Dr.
To bad debts recovered A/c
(Being Received bad debts written-off last year)
d Loss by fire A/c Dr. 1200
To purchases A/c
(Being goods lost by fire)
Rent A/c Dr. 49
e To Rent outstanding A/c 2000
(Being rent outstanding)
Drawings A/c Dr.
To interest on drawings A/c
f (Being charged interest on drawings) 1000
Cash A/c Dr.
12
Bad debts A/c Dr.
To Sudhir kumar's A/c
g (Being amount became bad debts and only 45 paisa in a 900

Page 37 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

rupee could be recovered)
Cash A/c Dr.
To commission received in advance A/c
h (Being commission received in advance) 1350 20
1650

i 7000
10

90

30

70

Page : 93 , Block Name : Numerical Question

Q16 Journalise the following transactions, post to the ledger:

2017 Rs
Nov. 01 Business started with (i) Cash 1,50,000
(ii) Goods 50,000
Nov. 03 Purchased goods from Harish 30,000
Nov. 05 Sold goods for cash 12,000
Nov. 08 Purchase furniture for cash 5,000
Nov. 10 Cash paid to Harish on account 15,000
Nov. 13 Paid sundry expenses 200
Nov. 15 Cash sales 15,000

Page 38 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Nov. 18 Deposited into bank 5,000
Nov. 20 Drew cash for personal use 1,000
Nov. 22 Cash paid to Harish in full settlement of account 14,700
Nov. 25 Good sold to Nitesh 7,000
Nov. 26 Cartage paid 200
Nov. 27 Rent paid 1,500
Nov. 29 Received cash from Nitesh 6,800
Discount allowed 200
Nov. 30 Salary paid 3,000

Answer.

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 150000
Nov 1 Stock A/c Dr. 50000
To Capital A/c 200
(Being started business with cash and stock)

Nov 3 Purchases A/c Dr. 30000
To Harish's A/c
(Being purchased goods from Harish) 300
Nov 5 12000
Cash A/c Dr.
To Sales A/c
Nov 8 5000
(Being sold goods for cash)
120

Nov 10 Furniture A/c Dr. 15000
To cash A/c
(Being purchased furniture for cash)
Nov 13 200
Harish's A/c Dr. 500

To cash A/c
Nov 15 15000
(Being paid cash to Harish)

Page 39 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Sundry expenses A/c Dr.

Nov 18 To cash A/c 5000 150
(Being paid sundry expenses)
Cash A/c Dr.
Nov 20 1000
To Sales A/c
(Being sold goods for cash) 200
Nov 22 Bank A/c Dr. 15000

To cash A/c
(Being deposited into bank)
Nov 25 Drawings A/c Dr. 7000 150
To cash A/c

Nov 26 (Being cash withdrawn for personal use) 200
Harish's A/c Dr.
To cash A/c 500
Nov 27 1500
To discount received A/c
(Being cash paid to Harish in full settlement)
Nov 29 Nitesh's A/c Dr. 6800
200
To Sales A/c 100
(Being sold goods to Nitesh)
Nov 30 3000

Cartage A/c Dr.
To cash A/c 147
300
(Being paid for cartage in cash)
Rent A/c Dr.
To cash A/c
(Being paid rent in cash) 700
Cash A/c Dr.
Discount allowed A/c Dr.
To Nitesh's A/c
(Being received cash from Nitesh and allowed discount) 200

Page 40 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Salary A/c Dr.
To cash A/c
(Being paid salary in cash)
150

700

300

Cash A/c

Date Particulars J. F. Dr. Amount ₹ Date Particulars

2017 2017
Nov 1 To capital A/c 150000 Nov 8 By furniture A/c
Nov 5 To sales A/c 12000 Nov 10 By Harish's A/c
Nov 15 To sales A/c 15000 Nov 13 By sundry expenses A/c
Nov 29 To Nitesh's A/c 6800 Nov 18 By bank A/c
Nov 20 By drawings A/c
Nov 22 By Harish's A/c
Nov 26 By cartage A/c
Nov 27 By rent A/c
Nov 30 By salary A/c
. . By balance c/d
183800

Dr. Capital A/c
Cr.

Date Particulars J. Debit amount Date Particulars J.
F. ₹ F.

2017
Nov 1 By cash A/c
Nov 30 To balance c/d 200000 Nov 1 By stock A/c

Stock A/c

Page 41 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017
Nov.01 To Capital A/c 50,000
Nov. 30 By Balance c/d 50,000

50,000 50,000

Cartage A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.26 To Cash A/c 200
Nov.30 By Balance c/d 200

200 200

Rent A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs

2017 2017
Nov.27 To Cash A/c 1,500
Nov.30 By Balance c/d 1,500

1,500 1,500

Salaries A/c

Page 42 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Nov.30 To Cash A/c 3,000
Nov.30 By Balance c/d 3,000

3,000 3,000

Furniture A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Nov.08 To Cash A/c 5,000
Nov.30 By Balance c/d

5,000 5,000

Nitesh’s A/c
Dr Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.25 To Sales A/c 7,000 Nov.29 By Cash A/c 6,800
Nov.29 By Discount Allowed A/c 200

7,000 7,000

Sales A/c

Page 43 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.05 By Cash A/c 12,000
Nov.15 By Cash A/c 15,000
Nov.30 To Balanced c/d 34,000 Nov.25 By Nitesh's A/c 7,000
34,000 34,000

Purchases A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Nov.03 To Harish's A/c 30,000
Nov.30 By Balance c/d 30,000

30,000 30,000

Harish’s A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.10 To Cash A/c 15,000 Nov.03 By Purchases A/c 30,000
Nov.22 To Cash A/c 14,700
Nov.22 To Discount Received 300
A/c

30,000 30,000

Page 44 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Sundry Expenses A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.13 To Cash A/c 200
Nov.30 By Balance c/d 200

200 200

Bank A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.18 To Cash A/c 5,000
Nov.30 By Balance c/d 5,000

5,000 5,000

Drawings A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.20 To Cash A/c 1,000
Nov.30 By Balance c/d 1,000

1,000 1,000

Discount Received A/c

Page 45 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.22 By Harish's A/c 300
Nov.30 To Balance c/d 300

300 3,00

Discount Allowed A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Nov.29 To Nitesh's A/c 200
Nov.30 Balance c/d 200

200 200

Page : 94 , Block Name : Numerical Question

Q17 Journalise the following transactions is the journal of M/s. Goel Brothers and post them to the
ledger.

2017 Rs
Jan. 01 Started business with cash 1,65,000
Jan. 02 Opened bank account in PNB 80,000
Jan. 04 Goods purchased from Tara 22,000
Jan.05 Goods purchased for cash 30,000
Jan.08 Goods sold to Naman 12,000
Jan.10 Cash paid to Tara 22,000
Jan.15 Cash received from Naman 11,700

Page 46 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Discount allowed 300
Jan. 16 Paid wages 200
Jan. 18 Furniture purchased for office use 5,000
Jan. 20 Withdrawn from bank for personal use 4,000
Jan. 22 Issued cheque for rent 3,000
Jan. 23 Goods issued for household purpose 2,000
Jan. 24 Drawn cash from bank for office use 6,000
Jan. 26 Commission received 1,000
Jan. 27 Bank charges 200
Jan. 28 Cheque given for insurance premium 3,000
Jan. 29 Paid salary 7,000
Jan. 30 Cash sales 10,000

Answer.
In the books of M/s goel brothers
Journal

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 150000
Jan 1 To Capital A/c 50000
(Being started business with cash) 200

Jan 2 Bank A/c Dr.
To cash A/c 30000
(Being opened bank account) 300
Purchases A/c Dr.
To Tara's A/c
(Being purchased goods from Tara) 12000
Purchases A/c Dr. 120
Jan 4
To cash A/c
5000
(Being purchased goods for cash)
500
Naman's A/c Dr.
To Sales A/c
(Being sold goods to Naman) 15000
Jan 5 150
Tara's A/c Dr.
To cash A/c
(Being paid cash to Tara) 200
200

Page 47 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Cash A/c Dr.
Jan 8 Discount allowed A/c Dr. 15000
To Naman's A/c 150

(Being received cash from Naman and allowed discount)
5000
Wages A/c Dr. 500
Jan 10 To cash A/c
(Being paid wages in cash) 1000
100

Furniture A/c Dr. 15000
To cash A/c 147
Jan 15 (Being purchased furniture) 300
Drawings A/c Dr.
To bank A/c
7000
(Being amount withdrawn for personal use) 700

Rent A/c Dr.
200
Jan 16 To bank A/c
200
(Being paid rent through cheque)
Drawings A/c Dr. 1500
150
To purchases A/c

Jan 18 (Being goods withdrawn for personal use)
6800
Cash A/c Dr. 200
700
To bank A/c
(Being withdrawn from bank)
3000
Cash A/c Dr. 300
Jan 20
To commission A/c
(Being received commission)
Bank charges A/c Dr.

Jan 22 To bank A/c
(Being charged bank charges)
Insurance premium A/c Dr.
To bank A/c
(Being paid Insurance premium)

Page 48 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Jan 23 Salary A/c Dr.
To cash A/c
(Being paid salary in cash)
Cash A/c Dr.
To Sales A/c
Jan 24 (Being sold goods for cash)

Jan 26

Jan 27

Jan 28

Jan 29

Jan 30

Ledger

Cash A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017
Jan.01 To Capital A/c 1,65,000 Jan.02 By Bank A/c 80,000
Jan.15 To Naman's A/c 11,700 Jan.05 By Purchases A/c 30,000
Jan.24 To Bank A/c 6,000 Jan.10 By Tara's A/c 22,000
To Commission A/c Jan.16 By Wages A/c
To Sales A/c Jan.18 By Furniture A/c
By Salaries A/c

Page 49 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Jan.26 Jan.29 By Balance c/d
Jan.30 1,000 Jan.31 200

10,000 5,000
7,000
49,500

1,93,700 1,93,700

Capital A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.01 By Cash A/c 1,65,000
Jan.31 To Balance c/d 1,65,000

1,65,000 1,65,000

Bank A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Page 50 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Jan.02 To Cash A/c 80,000 Jan.20 By Drawings A/c 4,000
Jan.22 By Rent A/c 3,000
Jan.24 By Cash A/c 6,000
Jan.27 By Bank charges A/c 200
Jan.28 By Insurance premium A/c 3,000
Jan.31 By Balance c/d 63,800

80,000 80,000

Tara’s A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.10 To Cash A/c 22,000 Jan.04 By Purchases A/c 22,000

22,000 22,000

Purchases A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.04 To Tara's A/c 22,000 Jan.23 By Drawings A/c 2,000
Jan.05 To Cash A/c 30,000 Jan.31 By Balance c/d 50,000

52,000 52,000

Sales A/c

Page 51 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Jan.08 By Naman's A/c 12,000
Jan.31 To Balanced c/d 22,000 Jan.30 By Cash A/c 10,000

22,000 22,000

Naman's A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Jan.08 To Sales A/c 12,000 Jan.15 By Cash A/c 11,700
Jan.15 By Discount Allowed 300
A/c

12,000 12,000

Discount Allowed A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.15 To Naman's A/c 300
Jan.31 By Balance c/d 300

300 300

Page 52 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Wages A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.16 To Cash A/c 200
Jan.31 By Balance c/d 200

200 200

Furniture A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.18 To Cash A/c 5,000
Jan.31 By Balance c/d 5,000

5,000 5,000

Drawings A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.20 To Bank A/c 4,000
Jan.23 To Purchases A/c 2,000 Jan.31 By Balance c/d 6,000

6,000 6,000

Rent A/c

Page 53 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.22 To Bank A/c 3,000
Jan.31 By Balance c/d 3,000

3,000 3,000

Commission A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Jan.26 By Cash A/c 1,000
Jan.31 To Balance c/d 1,000

1,000 1,000

Bank Charges A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Jan.27 To Bank A/c 200
Jan.31 By Balance c/d 200

200 200

Insurance A/c

Page 54 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.28 To Bank A/c 3,000
Jan.31 By Balance c/d 3,000

3,000 3,000

Salaries A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Jan.29 To Cash A/c 7,000
Jan.31 By Balance c/d 7,000

7,000 7,000

Page : 94 , Block Name : Numerical Question

Q18 Give journal entries of M/s. Mohit traders; post them to the Ledger from the following
transactions:

August, Rs
2017
1 Commenced business with cash 1,10,000
2 Opened bank account with H.D.F.C. 50,000
3 Purchased furniture 20,000
7 Bought goods for cash from M/s. Rupa Traders 30,000
8 Purchased good from M/s. Hema Traders 42,000
10 Sold goods for cash 30,000

Page 55 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

14 Sold goods on credit to M/s. Gupta Traders 12,000
16 Rent paid 4,000
18 Paid trade expenses 1,000
20 Received cash from Gupta Traders 12,000

22 Goods return to Hema Traders 2,000
23 Cash paid to Hema Traders 40,000
25 Bought postage stamps 100
30 Paid salary to Rishabh 4,000

Answer.
In the books of M/s Mohit Traders
Journal

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 110000
August 1 To Capital A/c
(Being started business with cash) 110

August 2 Bank A/c Dr. 50000
To cash A/c
(Being opened bank account) 500
Furniture A/c Dr.
August 3 20000
To cash A/c
200
(Being purchased furniture)
August 7 Purchases A/c Dr. 30000

To cash A/c 300
(Being purchased goods for cash) 42000
Purchases A/c Dr.
To M/s. Hema Traders's A/c 420
August 8 (Being purchased goods from M/s. Hema Traders)
Cash A/c Dr. 30000

To Sales A/c 300

(Being sold goods for cash) 12000
August 10
M/s. Gupta Traders's A/c Dr.
To Sales A/c 4000

Page 56 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

(Being sold goods to M/s. Gupta Traders) 120

Rent A/c Dr.
August 14 1000
To cash A/c
(Being paid rent in cash)
Trade expenses A/c Dr. 12000 400

To bank A/c
August 16 (Being paid trade expenses)
Cash A/c Dr. 2000
To M/s. Gupta Traders's A/c 100
(Being received cash from M/s. Gupta Traders)
M/s. Hema Traders A/c Dr.
To purchase return A/c 4000
August 18 (Being goods returned)
M/s. Hema Traders's A/c Dr.
100
To cash A/c
120
(Being paid cash to M/s. Hema Traders)
Postage stamps A/c Dr. 4000
August 20
To cash A/c
(Being bought postage stamps)
Salary A/c Dr.
To cash A/c
(Being paid salary)
200
August 22

400
August 23

100

August 25

400

Page 57 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

August 30

Cash A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017

Aug.01 To Capital A/c 1,10,000 Aug.02 By Bank A/c 50,000

Aug.10 To Sales A/c 30,000 Aug.03 By Furniture A/c 20,000

Aug.20 To M/s. Gupta Traders 12,000 Aug.07 By Purchases A/c 30,000
A/c
Aug.16 By Rent A/c 4,000

Aug.18 By Trade Expenses A/c 1,000
Aug.23 By M/s. Hema Traders 40,000
A/c
Aug.25 By Postage Stamps 100
A/c
Aug.30 By Salaries A/c 4,000
Aug.31 By Balance c/d 2,900

1,52,000 1,52,000

Capital A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Aug.01 By Cash A/c 1,10,000
Aug.31 To Balance c/d 1,10,000

1,10,000 1,10,000

Page 58 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Bank A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017

Aug.02 To Cash A/c 50,000
Aug.31 By Balance c/d 50,000

50,000 50,000

Furniture A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017
Aug.03 To Cash A/c 20,000
Aug.31 By Balanced c/d 20,000

20,000 20,000

Purchases A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Aug.07 To Cash A/c 30,000
Aug.08 To M/s. Hema Traders A/c 42,000 Aug.31 By Balance c/d 72,000

Page 59 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

72,000 72,000

M/s. Hema Traders A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Aug.22 To Purchases Return A/c 2,000 Aug.08 By Purchases A/c 42,000

Aug.23 To Cash A/c 40,000

42,000 42,000

Sales A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017

Aug.10 By Cash A/c 30,000
Aug.31 To Balance c/d 42,000 Aug.14 By M/s. Gupta Traders 12,000
A/c

42,000 42,000

M/s. Gupta Traders A/c

Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017

Page 60 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Aug.14 To Sales A/c 12,000
Aug.20 By Cash A/c 12,000

12,000 12,000

Rent A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Aug.16 To Cash A/c 4,000
Aug.31 By Balance c/d 4,000

4,000 4,000

Trade Expenses A/c

Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017

Aug.18 To Cash A/c 1,000
Aug.31 By profit and loss A/c 1,000

1,000 1,000

Purchases Return A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount

Page 61 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Rs Rs

2017 2017

Aug.22 By M/s. Hema Traders 2,000
A/c
To Balance c/d
Aug.31 2,000

2,000 2,000

Postage Stamps A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017

Aug.25 To Cash A/c 100
Aug.31 By Balance c/d 100

100 100

Salaries A/c

Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017

Aug.30 To Cash A/c 4,000
Aug.31 By profit and loss A/c 4,000

4,000 4,000

Page : 95 , Block Name : Numerical Question

Page 62 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Q19 Journalise the following transaction in the Books of the M/s. Bhanu Traders and Post them into
the Ledger.

December, Rs
2017
1 Started business with cash 92,000
2 Deposited into bank 60,000
4 Bought goods on credit from Himani 40,000
6 Purchased goods from cash 20,000
8 Returned goods to Himani 4,000
10 Sold goods for cash 20,000
14 Cheque given to Himani 36,000
17 Goods sold to M/s. Goyal TradeRs 3,50,000
19 Drew cash from bank for personal use 2,000
21 Goyal traders returned goods 3,500
22 Cash deposited into bank 20,000
26 Cheque received from Goyal Traders 31,500
28 Goods given as charity 2,000
29 Rent paid 3,000
30 Salary paid 7,000
31 Office machine purchased for cash 3,000

Answer.
In the books of M/s Bhanu Traders
Journal

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 110000
Dec 1 To Capital A/c
(Being started business with cash) 110

Dec 2 Bank A/c Dr. 50000
To cash A/c
(Being deposited into bank) 500
Purchases A/c Dr.
Dec 4 To Himani's A/c 20000
(Being purchased goods from Himani)
Purchases A/c Dr. 200

Page 63 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

To cash A/c
Dec 8 (Being purchased goods for cash) 30000
Cash A/c Dr.
To Sales A/c 300
(Being sold goods for cash)
Dec 10 42000
Himani's A/c Dr.
To bank A/c 420
(Being given cheque to Himani)
Dec 14 M/s. Goyal Traders's A/c Dr. 30000
To Sales A/c 300
(Being sold goods to M/s. Goyal Traders)

Dec 17 Drawings A/c Dr. 12000
To bank A/c 120
(Being drew cash from bank for personal use)
Sales return A/c Dr.
Dec 19 To Goyal traders' A/c 4000
(Being goods returned by Goyal traders) 400
Bank A/c Dr.

Dec 21 To cash A/c 1000
100
(Being deposited into bank)
Bank A/c Dr.
Dec 22 To M/s. Goyal Traders's A/c 12000
(Being received cash from M/s. Goyal Traders) 120
Charity A/c Dr.
To purchases A/c
Dec 26 (Being goods given as charity)
Rent A/c Dr. 2000
To bank A/c 200
(Being paid rent)
Dec 28 Salary A/c Dr.
To cash A/c 4000
(Being paid salary) 400
Machinery A/c Dr.
Dec 29 100
To cash A/c 100
(Being purchased machinery)
Dec 30 4000
400

Dec 31

Cash A/c

Dr. Cr.

Page 64 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Dec.01 To Capital A/c 92,000 Dec.02 By Bank A/c 60,000

Dec.10 To Sales A/c 20,000 Dec.06 By Purchases A/c 20,000

Dec.22 By Bank A/c 20,000

Dec.30 By Salaries A/c 7,000
Dec.31 By Office Machine A/c 3,000
Dec.31 By Balance c/d 2,000

1,12,000 1,12,000

Capital A/c

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Dec.01 By Cash A/c 92,000

Dec.31 To Balance c/d 92000

92,000 92,000

Bank A/c

Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Dec.02 By Cash A/c 60,000 Dec.14 By Himani's A/c 36,000

Page 65 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec.22 By Cash A/c 20,000 Dec.19 By Drawings A/c 2,000
Dec.26 By Goyal Traders' A/c 31,500 Dec.29 By Rent A/c 3,000
Dec.31 By Balance c/d 70,500

1,11,500 11,500

Purchases A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.04 To Himani's A/c 40,000 Dec.28 By Charity A/c 2,000
Dec.06 To Cash A/c 20,000 Dec.31 By Balance c/d 58,000

60,000 60,000

Himani's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.08 To Purchases Return A/c 4,000 Dec.04 By Purchases A/c 40,000
Dec.14 To Bank A/c 36,000

40,000 40,000

Sales A/c

Page 66 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.10 By Cash A/c 20,000
Dec.31 To Balance c/d 55,000 Dec.17 By M/s. Goyal 35,000
Traders A/c

55,000 55,000

M/s. Goyal Traders A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.17 To Sales A/c 35,000 Dec.21 By Sales Return A/c 3,500
Dec.26 By Bank A/c 31,500

35,000 35,000

Purchases Return A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.08 By Himani's A/c 4,000
Dec.31 To Balance c/d 4,000

4,000 4,000

Page 67 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Drawings A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.19 To Bank A/c 2,000
Dec.31 By Balance c/d 2,000

2,000 2,000

Sales Return A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.21 To M/s. Goyal Traders' A/c 3,500
Dec.31 By Balance c/d 3,500

3,500 3,500

Charity A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.28 To Purchases A/c 2,000
Aug.31 By Balance c/d 2,000

2,000 2,000

Page 68 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Rent A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.29 To Cash A/c 3,000
Dec.31 By Balance c/d 3,000

3,000 3,000

Salaries A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount
Rs

2017 2017
Dec.30 To Cash A/c 7,000
Dec.31 By Balance c/d 7,000

7,000 7,000

Office Machine A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.31 To Cash A/c 3,000
Dec.31 By Balance c/d 3,000

3,000 3,000

Page : 95 , Block Name : Numerical Question

Page 69 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Q20 Journalise the following transaction in the Book of M/s. Beauti tradeRs Also post them in the
ledger.

Dec. Rs
2017
1 Started business with cash 2,00,000
2 Bought office furniture 30,000
3 Paid into bank to open a current account 1,00,000
5 Purchased a computer and paid by cheque 2,50,000
6 Bought goods on credit from Ritika 60,000
8 Cash sales 30,000
9 Sold goods to Karishna on credit 25,000
12 Cash paid to Mansi on account 30,000
14 Goods returned to Ritika 2,000
15 Stationery purchased for cash 3,000
16 Paid wages 1,000
18 Goods returned by Karishna 2,000
20 Cheque given to Ritika 28,000
22 Cash received from Karishna on account 15,000
24 Insurance premium paid by cheque 4,000
26 Cheque received from Karishna 8,000
28 Rent paid by cheque 3,000
29 Purchased goods on credit from Meena Traders 20,000
30 Cash sales 14,000

Answer.
In the books of M/s. Beauty traders
Journal

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 200000
Dec 1 To Capital A/c
(Being started business with cash) 200

Page 70 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec 2 Furniture A/c Dr. 30000
To cash A/c
(Being bought office furniture)
Bank A/c Dr.
Dec 3 To cash A/c 100000
(Being opened current bank account) 300
Computer A/c Dr.

Dec 5 To bank A/c 250000
(Being bought computer)
Purchases A/c Dr.
Dec 6 To Ritika's A/c 60000 100
(Being purchased goods from Ritika)
Cash A/c Dr.
To Sales A/c
Dec 8 (Being sold goods for cash) 30000

Karishna's A/c Dr.
250
Dec 9 To Sales A/c 25000
(Being sold goods to Karishma)

Dec 12 30000
Mansi's A/c Dr.
To cash A/c 600
(Being cash paid to Mansi)
Dec 14 Ritika's A/c Dr. 2000
To purchase return A/c
(Being returned goods to Ritika)
Stationary A/c Dr.
Dec 15 To cash A/c 3000
300
(Being purchased stationery for cash)
Wages A/c Dr.
To cash A/c
Dec 16 (Being paid wages) 1000

Sales return A/c Dr.
250
Dec 18 2000
To Karishna's A/c
(Being returned goods by Karishna)

Dec 20 Ritika's A/c Dr. 28000
To bank A/c
300
(Being paid by cheque to Ritika)
Dec 22 15000
Cash A/c Dr.
To Karishna's A/c

Page 71 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec 24 (Being received cash from Karishna) 4000
Insurance A/c Dr. 200
To bank A/c
Dec 26 8000
(Being paid insurance premium)
Bank A/c Dr.
Dec 28 3000
To Karishna's A/c 300
(Being received cheque from Karishna)
Dec 29 Rent A/c Dr. 20000
To bank A/c
(Being paid rent) 100
Dec 30 14000
Purchases A/c Dr.
To Meena traders's A/c
(Being purchased goods from Meena traders)
Cash A/c Dr. 200
To Sales A/c
(Being sold goods for cash)

280

150

400

800

Page 72 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

300

200

140

Office Furniture A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.2 To Cash A/c 30,000
Dec.31 By Balance c/d 30,000

30,000 30,000

Bank A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.03 To Cash A/c 1,00,000 Dec.05 By Computer A/c 2,50,000
Dec.26 To Karishna's A/c 8,000 Dec.20 By Ritika's A/c 28,000
Dec.24 By Insurance A/c 4,000

Page 73 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec.28 By Rent A/c 3,000
Dec.31 To Balance c/d (overdraft) 1,77,000

2,85,000 2,85,000

Computer A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs
Rs

2017 2017
Dec.05 To Bank A/c 2,50,000
Dec.31 By Balance c/d

2,50,000 2,50,000

Purchases A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.06 To Ritika's A/c 60,000
Dec.29 To Meena Traders's A/c 20,000
Dec.31 By Balance c/d 80,000

80,000 80,000

Ritika's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017

Page 74 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dec.14 To Purchases Return A/c 2,000 Dec.06 By Purchases A/c 60,000
Dec.20 To Bank A/c 28,000
Dec.31 To Balance c/d 30,000

60,000 60,000

Meena's A/c
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs
2017 2017
Dec.29 By Purchases A/c 20,000
Dec.31 To Balance c/d 20,000
20,000 20,000

Sales A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Dec.08 By Cash A/c 30,000
Dec.09 By Karishna's A/c 25,000
Dec.31 To Balance c/d 69,000 Dec.30 By Cash A/c 14,000

69,000 69,000

Krishna's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount

Page 75 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Rs Rs

2017 2017
Dec.09 To Sales A/c 25,000 Dec.18 By Sales Return A/c 2,000
Dec.22 By Cash A/c 15,000
Dec.26 By Bank A/c 8,000

25,000 25,000

Mansi's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.12 To Cash A/c 30,000
Dec.31 By Balance c/d 30,000

30,000 30,000

Purchases Return A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.14 By Ritika's A/c 2,000
Dec.31 To Balance c/d 2,000

2,000 2,000

Stationery A/c
Dr. Cr.

Page 76 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.15 To Cash A/c 3,000
Dec.31 By Balance c/d 3,000

3,000 3,000

Wages A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.16 To Cash A/c 1,000
Dec.31 By Balance c/d 1,000

1,000 1,000

Sales Return A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.18 To Krishna's A/c 2,000
Dec.31 By Balance c/d 2,000

2,000 2,000

Insurance A/c
Dr. Cr.

Page 77 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.24 To Bank A/c 4,000
Dec.31 By Balance c/d 4,000

4,000 4,000

Rent A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Dec.28 To Bank A/c 3,000
Dec.31 By Balance c/d 3,000

3,000 3,000

Page : 96 , Block Name : Numerical Question

Q21 Journalise the following transaction in the books of Sanjana and post them into the ledger:

January, Rs
2017
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

Page 78 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

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

Answer.
In the books of Sanjana
Journal

Date Particulars L. Debit amount Rs. Cre
F.

2017 Cash A/c Dr. 6000
Jan 1 Bank A/c Dr. 55000
Opening stock A/c Dr. 40000
Tarun's A/c 10000
To Rohan's A/c 600
To Capital A/c 105
(Being opening balances carry forward)

Jan 4 Karuna's A/c Dr. 15000
To Sales A/c 150
(Being sold goods to Karuna)

Jan 4 Cash A/c Dr. 10000
To Sales A/c 100
(Being sold goods for cash)

Jan 6 Heena's A/c Dr. 5000
To Sales A/c 500
(Being sold goods to Heena)

Page 79 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Jan 8 Purchases A/c Dr. 3000
To Rupali's A/c 300
(Being purchased goods from Rupali)
Sales return A/c Dr.
Jan 10 To Karuna's A/c 2000
(Being goods returned by Karuna) 200
Cash A/c Dr.
To Karuna's A/c
Jan 14 (Being received cash from Karuna) 13000
Rohan's A/c Dr. 130
To bank A/c
(Being paid through cheque to Rohan)
Jan 15 Cash A/c Dr. 6000
To Heena's A/c 600
(Being received cash from Heena)
Bank A/c Dr.
Jan 16 To Tarun's A/c 3000
(Being received cheque from Tarun) 300
Bank A/c Dr.
To Heena's A/c
Jan 20 (Being received cheque from Heena) 10000
Rupali's A/c Dr. 100
To cash A/c
(Being paid cash to Rupali)
Jan 22 Cartage A/c Dr. 2000
To cash A/c 200
(Being paid for cartage)
Salary A/c Dr.
Jan 25 To cash A/c 18000
(Being paid salary) 180
Cash A/c Dr.
To Sales A/c
Jan 26 (Being made cash sales) 1000
Rupali's A/c Dr. 100
To bank A/c
(Being paid through cheque to Rupali)
Jan 27 Drawings A/c Dr. 8000
To purchases A/c 800
(Being taken goods for personal purpose)
General expenses A/c Dr.
Jan 28 To cash A/c 7000
(Being paid general expenses) 700

Jan 29 12000
120

Jan 30 4000
400

Page 80 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Jan 31 500
500

Ledger

Cash A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.01 To Balance b/d 6,000 Jan.25 By Rupali's A/c 18,000
Jan.04 To Sales A/c 10,000 Jan.26 By Cartage A/c 1,000
Jan.14 To Karuna's A/c 13,000 Jan.27 By Salaries A/c 8,000
Jan.16 To Heena's A/c 3,000 Jan.31 By General Expenses A/c 500
Jan.28 To Sales A/c 7,000 Jan.31 By Balance c/d 11,500
39,000 39,000

Capital A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

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

1,05,000 1,05,000

Bank A/c
Dr. Cr.

Page 81 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.01 To Balance b/d 55,000 Jan.15 By Rohan's A/c 6,000
Jan.20 To Tarun's A/c 10,000 Jan.29 By Rupali's A/c 12,000
Jan.22 To Heena's A/c 2,000 Jan.31 By Balance c/d 49,000

67,000 67,000

Stock A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.01 To Balance b/d 40,000
Jan.31 By Balance c/d 40,000

40,000 40,000

Rohan’s A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.15 To Bank A/c 6,000 Jan.01 By Balance b/d 6,000

6,000 6,000

Tarun’s A/c
Dr. Cr.

Page 82 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.01 To Balance b/d 10,000 Jan.20 By Bank A/c 10,000

10,000 10,000

Sales A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.03 By Karuna's A/c 15,000
Jan.04 By Cash A/c 10,000
Jan.06 By Heena's A/c 5,000
Jan.31 To Balance c/d 37,000 Jan.28 By Cash A/c 7,000

37,000 37,000

Karuna's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.03 To Sales A/c 15,000 Jan.10 By Sales Return A/c 2,000
Jan.14 By Cash A/c 13,000

15,000 15,000

Heena's A/c

Page 83 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.06 To Sales A/c 5,000 Jan.16 By Cash A/c 3,000
Jan.22 By Bank A/c 2,000

5,000 5,000

Purchases A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount Rs
Rs

2017 2017
Jan.08 By Rupali's A/c 30,000 Jan.30 By Drawings A/c 4,000
Jan.31 By Balance c/d 26,000

30,000 30,000

Rupali's A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.25 To Cash A/c 18,000 Jan.08 By Purchases A/c 30,000
Jan.29 To Bank A/c 12,000

30,000 30,000

Sales Return A/c
Dr. Cr.

Page 84 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.10 To Karuna's A/c 2,000
Jan.31 By Balance c/d 2,000

2,000 2,000

Cartage A/c
Dr. Cr.

Date Particulars J.F. Amount Rs Date Particulars J.F. Amount Rs

2017 2017
Jan.26 To Cash A/c 1,000
Jan.31 By Balance c/d 1,000

1,000 1,000

Salaries A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.27 To Cash A/c 8,000
Jan.31 By Balance c/d 8,000

8,000 8,000

Drawings A/c
Dr. Cr.

Page 85 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.30 To Purchases A/c 4,000
Jan.31 By Balance c/d 4,000

4,000 4,000

General Expenses A/c
Dr. Cr.

Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs Rs

2017 2017
Jan.31 To Cash A/c 500
Jan.31 By Balance c/d 500

500 500

Page : 96 , Block Name : Numerical Question

Q22 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 Motorcycle 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%)
Answer.

Date Particulars L.F. Dr. Rs. Cr. Rs.
(a) Purchases A/c Dr 2,00,000
Input CGST A/c Dr 18,000

Page 86 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

Input SGST A/c 18,000
To Kanta's A/c 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's 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
(Being paid for railway transport)
(e) Sidhu's 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)

Page 87 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

(h) Motorcycle 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's A/c 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's A/c 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)

Page 88 of 89 Aglasem Schools

Book Name : Financial Accounting-I Ncert Solutions | Chapter-3 Accountancy

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)

Page : 97 , Block Name : Numerical Question

Page 89 of 89 Aglasem Schools