Page 95 - DEBK-XI(2020)

13.8 Double Entry Book Keeping — CBSE XI

4. Following is the Trial Balance of P.K. Shah, Delhi prepared on 28th February, 2018:

TRIAL BALANCE OF P.K. SHAH as on 28th February, 2018
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, 2018, 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, 2018 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. `
2018 2018
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. `
2018 2018
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. `
2018 2018
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