Grade 11 Accounts Solution

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Chapter 3

Chapter 3

Problem 1

In the Books of Shah Trade Concern

Capital Account

Dr.

Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Balance c/d			25,000	1	By Capital A/C			25,000
						By Balance b/d			25,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
7	To Cash A/C			2,000		By Balance c/d			2,000
	To Balance b/d			2,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
2	To Cash A/C			1,300		By Balance c/d			1,300
	To Balance b/d			1,300

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Balance b/d			6,500		By Sales A/C			6,500
						By Balance b/d			6,500

Problem 2

In the Books of P.K. Sharma

Cash Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Capital A/C			10,000		By Balance c/d			10,500
a	To Prem Kumar's A/C			500
				10,500					10,500
	To Balance b/d			10,500

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Balance c/d			10,000		By Cash A/C			10,000
						By Balance b/d			10,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Balance c/d			500	a	By Cash A/C			500
						By Balance b/d			500

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Owner's A/C			150		By Balance c/d			150
	To Balance b/d			150

Problem 3

Hari & Sons Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
a.	To Sales A/C			5,000	b.	By Cash A/C			3,000
					c.	By Sales Return A/C			500
						By Balance c/d			1,500
				5,000					5,000
				1,500

Problem 4

Bank Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
(a)	To Cash A/C			20,000	(b)	By Purchase A/C			3,500
						By Balance c/d			16,500
				20,000					20,000
	To Balance b/d			16,500

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
(d)	To Cash A/C			6,000	(c)	By Cash A/C			10,000
	To Balance c/d			4,000
				10,000					10,000
						By Balance b/d			4,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
	To Balance c/d			2,000	(b)	By Purchase A/C			2,000
						By Balance b/d			2,000

Problem 5

In the Books of Mr. Shrestha

Pradhan’s Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
2/4	To Sales A/C			30,000	2.10	By Cash A/C			10,000
						By Discount A/C			1,000
					2.15	By Sales Return A/C			3,000
						By Balance c/d			16,000
				30,000					30,000
	To Balance b/d			16,000

Problem 6

In the Books of Linkage Business House

Kumar & Trade Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
9-6	To Sales A/C			12,000	9-14	By Cash A/C			5,700
						By Discount A/C			300
					9-24	By Sales Return A/C			1,500
						By Balance c/d			4,500
				12,000					12,000
	To Balance b/d			4,500

Problem 7

In the Books of Ajaya

Cash Account

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
Asadh 2	To Sales A/C			30,000	Asadh 3	By Purchase A/C			20,000
5	To Abhaya's A/C			29,000	8	By Bijaya's A/C			10,000
11	To Sales A/C			25,000	20	By Bijaya's A/C			25,000
18	To Abhaya's A/C			15,000	25	By Rent A/C			5,000
					30	By Salary A/C			5,000
						By Balance c/d			34,000
				99,000					99,000
Shrawan 1	To Balance c/d			34,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
Asadh 6	To Purchase Return A/C			2,000	Asadh 1	By Purchase A/C			50,000
8	To Cash A/C			10,000	10	By Purchase A/C			30,000
20	To Cash A/C			25,000
30	To Balance c/d			43,000
				80,000					80,000
					Shrawan 1	By Balance b/d			43,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
Asadh 4	To Sales A/C			30,000	Asadh 5	By Cash A/C			29,000
15	To Sales A/C			20,000		By Discount A/C			1,000
					18	By Cash A/C			15,000
					30	By Balance c/d			5,000
				50,000					50,000
Shrawan 1	To Balance b/d			5,000

Dr.									Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
Asadh 30	To Cash A/C			5,000	Asadh 30	By Balance c/d			5,000
Shrawan 1	To Balance b/d			5,000

Problem 8

In the Books of Rajesh

Journal

Date		Particulars		L.F.	Debit(Rs.)	Credit(Rs.)
3/1/2059	Cash A/C		Dr.		5,00,000
	To Capital A/C					5,00,000
	(For business started with a capital of Rs.5,00,000)
3/2/2059	Furnityre A/C		Dr.		30,000
	To Cash A/C					30,000
	(For furniture purchased)
3	Purchase A/C		Dr.		50,000
	To Sales A/C					50,000
	(For goods purchased)
3	Cash A/C		Dr.		30,000
	To Sales A/C					30,000
	(For goods sold)
4	Krishna's A/C		Dr.		12,000
	To Sales A/C					12,000
	(For goods sold)
6	Lalit's A/C		Dr.		8,000
	To Sales A/C					8,000
	(For goods sold)
7	Stationery A/C		Dr.		2,000
	To Cash A/C					2,000
	(For Paid for stationery)
9	Cash A/C		Dr.		10,000
	To krishna A/C					10,000
	(For cash received)
10	Purchase A/C		Dr.		20,000
	To Rabindra's A/C)					20,000
	(For goods purchased)
11	Rajendra's A/C		Dr.		25,000
	To Sales A/C					25,000
	(For goods sold)
13	Rabindra's A/C		Dr.		20,000
	To Cash A/C					19,500
	To Discount A/C					500
	(For payment made to Rabindra in full settlement
	and allowed discount by him)
19	Cash A/C		Dr.		8,000
	To Lalit's A/C					8,000
	(For cash received)
21	Sundry Expenses A/C		Dr.		500
	To Cash A/C					500
	(For expenses Paid)
25	Cash A/C		Dr.		10,000
	To Sales A/C					10,000
	(For goods sold)
29	Electricity Bill A/C		Dr.		1,000
	To Cash A/C					1,000
	(For electricity bill paid)
30	Salaries A/C		Dr.		3,000
	To Cash A/C					3,000
	(For Salaries paid)
31	Rent A/C		Dr.		2,000
	To Cash A/C					2,000
	(For rent paid)

Dr.				Cash Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.1	To Capital A/C			5,00,000	59.3.2	By Furniture A/C			30,000
3	To Sales A/C			30,000	3	By Purchase A/C			50,000
9	To Krishna A/C			10,000	7	By Stationery A/C			2,000
19	To Lalit's A/C			8,000	13	By Rabindra's A/C			19,500
25	To Sales A/C			10,000	21	By Sundry Expenses A/C			500
					29	By Electricity Bill A/C			1,000
					30	By Salaries A/C			3,000
					31	By Rent A/C			2,000
						By Balance c/d			4,50,000
				5,58,000					5,58,000
59.4.1	To balance b/d

Dr.				Capital Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.31	To Balance c/d			5,00,000	59.3.1	By Cash A/C			5,00,000
					59.4.1	By Balance b/d			5,00,000

Dr.				Purchase Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.3	To Cash A/C			50,000	59.3.31	By Balance c/d			70,000
10	To Rabindra's A/C			20,000
				70,000					70,000
59.4.1	To Balance b/d			70,000

Dr.				Sales Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.31	To Balance c/d			85,000	59.3.3	By Cash A/c			30,000
					59.3.4	By Krishna's A/C			12,000
					59.3.6	By Lalit's A/C			8,000
					59.3.11	By Rajendra's A/C			25,000
					59.3.25	By Cash A/c			10,000
				85,000					85,000
					59.4.1	By Balance b/d			85,000

Dr.				Krishna's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.4	To Sales A/C			12,000	59.3.9	By Cash A/C			10,000
					59.3.31	By Balance c/d			2,000
				12,000					12,000
59.4.1	To Balance b/d			2,000

Dr.				Rabindra's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.3.13	To Cash A/C			19,500	59.3.10	By Purchase A/C			20,000
	To Discount A/C			500
				20,000					20,000

Problem 9

Journal

Date		Particulars		L.F.	Debit(Rs.)	Credit(Rs.)
2059.5.1	Cash A/C		Dr.		6,00,000
	To Capital A/C					6,00,000
	(For started business with a capital of Rs.(6,00,000)
3	Furniture A/C0		Dr.		20,000
	To Cash A/C					20,000
	(For furniture purchased)
4	Purchase A/C		Dr.		1,40,000
	To Shiva's A/C					1,40,000
	(For goods purchased)
5	Shanker's A/C		Dr.		20,000
	To sales A/C					20,000
	(For goods sold)
6	Shiva's A/C		Dr.		10,000
	To Purchased Return A/C					10,000
	(For goods returned to Shiva)
7	Cash A/C		Dr.		50,000
	To sales A/C					50,000
	(For goods sold)
8	Bhola Nath's A/C		Dr.		14,000
	To sales A/C					14,000
	(For goods sold)
11	Purchase A/C		Dr.		18,000
	To Cash A/C					18,000
	(For goods purchased)
12	Maheshor's A/C		Dr.		14,000
	To sales A/C					14,000
	(For goods sold)
15	Cash A/C		Dr.		18,000
	To Shanker's A/C					18,000
	(For cash received)
17	Cash A/C		Dr.		12,000
	To Bhola Nath A/C					12,000
	(For cash received)
19	Bank A/C		Dr.		10,000
	To Cash A/C					10,000
	(For cash deposited into Bank)
21	Shiva's A/C		Dr.		1,00,000
	To Cash A/C					1,00,000
	(For cash paid to Shiva)
25	Shiva's A/C		Dr.		20,000
	To Purchase Return A/C					20,000
	(For goods returned)
30	Salaries A/C		Dr.		2,500
	To Cash A/C					2,500
	(For salaries paid)
31	Telephone Charge A/C		Dr.		800
	To Cash A/C					800
	(For telephone charge paid)
31	Drawing A/C		Dr.		10,000
	To Cash A/C					10,000
	(for cash withdrawn for personal use)
31	Rent A/C		Dr.		4,000
	To Cash A/C					4,000
	(for rent paid)

Dr.				Cash Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.1	To Capital A/C			6,00,000	59.5.3	By Furnitures A/C			20,000
7	To Sales A/C			50,000	11	By Purchase A/C			18,000
15	To shanker's A/C			18,000	19	By Bank A/C			10,000
17	To Bhola Nath's A/C			12,000	21	By Shiva's A/C			1,00,000
					30	By Salaries A/C			2,500
					31	By Telephone Charge A/C			800
					31	By Drawing A/C			10,000
					31	By Rent A/C			4,000
						By Balance c/d			5,14,700
					6,80,000				6,80,000
59.6.1	To Balance b/d				5,14,700

Dr.				Furniture Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.3	To Cash A/C			20,000	59.5.31	By Balance c/d			20,000
59.6.1	To Balance c/d			20,000

Dr.				Shiva's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.6	To Purchase Return A/C			10,000	59.5.4	By Purchase A/C			1,40,000
21	To Shiva's A/C			1,00,000
25	To Purchase Return A/C			20,000
31	To Balance c/d			10,000
				1,40,000					1,40,000
					59.6.1	By Balance b/d			10,000

Dr.				Bank Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.19	To Cash A/C			10,000	59.5.31	By Balance c/d			10,000
59.6.1	To Balance b/d			10,000

Dr.				Bhola Nath's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.8	To sales A/C			14,000	59.5.17	By Cash A/C			12,000
					59.5.31	By Balance c/d			2,000
				14,000					14,000
59.6.1	To Balance b/d			2,000

Dr.				Rent account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.31	To Cash A/C			4,000	59.5.31	By Balance c/d			4,000
59.6.1	To Balance b/d			4,000

Dr.				Capital Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.31	To Balance c/d			6,00,000	59.5.1	By Cash A/C			6,00,000
					59.6.1	By Balance b/d			6,00,000

Dr.				Salaries Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.30	To Cash A/C			2,500	59.5.31	By Balance c/d			2,500
59.6.1	To Balance b/d			2,500

Problem 10

Dr.				Cash Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.1	To Capital A/C			5,00,000	59.5.2	By Bank A/C			3,00,000
9	To Sales A/C			30,000	3	By Purchase A/c			1,00,000
20	To Krishna's A/C			69,500	17	By Murali's A/C			1,29,000
					18	By Wages A/C			1,000
					25	By Wages A/C			2,500
					31	By stationery A/c			2,000
						By Balance c/d			65,000
				5,99,500					5,99,500
59.6.1	To Balance b/d			65,000

Dr.				Bank Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.2	To Cash A/C			3,00,000	59.5.28	By Drawing A/C			3,000
					59.5.31	By Balance c/d			2,97,000
				3,00,000					3,00,000
59.6.1	To Balance b/d			2,97,000

Dr.				Murali's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.1	To Purchase Return A/C			20,000	59.5.4	By Purchase A/c			1,50,000
59.5.17	To Cash A/C			1,29,000
	To discount A/C			1,000
				1,50,000					1,50,000

Dr.				Krishna's Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.6	To Sales A/C			75,000	59.5.12	By Sales Return A/C			5,000
					59.5.20	By Cash A/C			69,500
						By Discount A/C			500
				75,000					75,000

Dr.				Wages Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.18	To Cash A/C			1,000	59.5.31	By Balance c/d			3,500
25	To Cash A/C			2,500
				3,500					3,500
59.6.1	To Balance b/d			3500

Dr.				Stationery Account					Cr.
Date		Particulars	F.	Rs.	Date		Particulars	F.	Rs.
59.5.31	To Cash A/C			2,000	59.5.31	By Balance c/d			2,000
59.6.1	To Balance b/d			2,000

Grade 11 Accounts Solution

Chapters

Chapter 3

Chapter 3

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