Subsidiary Books -Accountancy-Class XI-Assignment

Ques1.  Enter the following transactions in proper subsidiary books.

Assets: Cash-in-hand Rs. 75,00; Cash at Bank Rs. 60,000; Debtors Rs. 80,000, Stock Rs. 2,00,000, Furniture Rs. 50,000 Machinery Rs. 1,60,000.

Liabilities: Soni and Company Rs. 48,000. Other transactions for the month of January were as follows:

2013

Jan 3 Deposited in the Bank Rs. 20,000.

Jan 5 Goods purchased for cash Rs. 25,000.

Jan 7 Withdrew from Bank Rs. 18,000.

Jan 8 Sold to Amit Rs. 28,000

Jan 10 Sold to Diwan goods worth Rs. 50,000.

Jan 12 Purchased goods from Krishna goods of the list price of Rs. 40.000 at 10% trade discount.

Jan 13 Returned to Krishna goods worth Rs. 6,000.

Jan 15 Paid Rs. 29,500 by cheque to Krishna in full settlement of discount.

Jan 17 Received commission from Mohan Rs. 2,000.

Jan 20 Received from Amit Rs. 20,000 discount Allowed Rs. 1,000.

Jan 21 Purchased goods from Vibhore for Rs. 30,000 , Trade discount 10%

Jan 22 Issued cheque to Raj and Company Rs. 20,000.

Jan 24 Returned goods by Amit goods worth Rs. 1,000.

Jan 26 Purchased machinery from Raghubir and Company, on credit for Rs. 24,000.

Jan 28 Received cash Rs. 32,000 and cheque Rs. 3,000 from Diwan. Cheque was immediately deposited in the Bank. Discount Allowed Rs. 700

Jan 30 Paid wages Rs. 3000.

Jan 31 Paid salaries by cheque Rs. 4,000.

Jan 31 Goods withdrawn for personal use Rs. 12,000. 

Ques 2. Enter the following transactions in proper subsidiary books, post them into ledger accounts, balance the accounts and prepare trial balance:-

The following balances existed in the books of Shri Gopaljee on 1^st April 2014:

Assets:  Cash in hand Rs. 40,000; Cash at Bank Rs. 60,000: Debtors: Amar &Co. Rs. 34,000;

            Brij Kishore Rs. 26,000; Charan Dass Rs. 42,000; Stock Rs. 2,05,000and Furniture Rs 90,000

Liabilities:  Creditors:   Mohan Silk Ltd. Rs. 15,000

Following transactions took place during the month of April:

2014

April 3 Deposited into Bank Rs. 15,000

          4- Purchased goods from Jindal Trading Co.

              200 metre silk  @Rs. 80 per metre

              100 metre cotton  @Rs. 40 per metre

  April 6  Sold goods to Radha Krishan &Co.

            50 metre Silk @ Rs.  125 per metre

            40 metre Cotton  @ Rs. 60 per metre

 April 10 Returned to Jindal Trading Co.

           20 metre Silk and 15 metre Cotton

 April 12  Issued a cheque to Jindal Trading Co. in full settlement of their accounts after deducting cash                       discount @2%

 April 15  Received cash Rs.  2000 and cheque for Rs. 6,000 from Radha Krishan &Co. The cheque was immediately sent to bank. Discount Allowed Rs. 200

 April 15   Purchased Furniture from Sita Ram &Co. on credit for Rs. 30,000.

  April 16  Gopaljee withdrew goods for his personal use Rs. 4,000.

  April 16   Sold goods to Brij Kishore

        80 metre Silk @ Rs. 130 per metre less 5%

April 18  Returned by Brij Kishore 10 metre Silk

April 19 Issued cheque to Sita Ram & Co. Rs 30,000.

April 20 Purchased goods from Mohan Silk Ltd.

             300 metre silk @Rs 90 per metre

             200 metre Cotton @ Rs. 50 per metre

April 21 Accepted a bill drawn by Mohan Silk Ltd. For Rs. 40,000 at 1 month.

April 24  Received from Brij Kishore Rs. 7,500 . Discount Allowed Rs. 100.

April 25  Received an acceptance from Amar & Co. for 30 days for the amount due from them.

April 26 Received from Bank  Rs. 10,000.

April 27  Brij Kishore gave his acceptance for Rs. 25,000 at 2 months.

April 29  Paid salaries by cheque Rs. 3,600

April 30 Paid RENT  Rs. 1200.

 

Ques 3. Record the following transactions of M/s Mahipal Bros. in proper Subsidiary Books, post them into the Ledger and take out a Trial Balance:

2014

Jan  1 Commenced Business with Cash Rs. 2,00,000.

Jan 2 Deposited ino U.T.I Bank Rs. 11,75,000.

Jan  4 Purchased goods from Dilip for Rs. 40,000. Trade Discount 20%

Jan 6 Gave a cheque to Dilip for Rs. 16,800 and discount allowed by him Rs. 200.

Jan 8 Goods bought from Nikhilesh for Cash Rs. 14,000.

Jan 10 Accepted a bill at 2 months for Rs. 15,000 drawn by Dilip.

Jan 11  Bought goods from Suresh Rs. 75,000.

Jan 13 Paid to Suresh a Cheque of Rs. 58,800 after receiving a discount of 2 %.

Jan 15 Cash Sales made by Jyoti Prashad Rs. 8,000.

Jan 16 Sold goods to Mohinder for Rs. 20,000.

Jan 17 Goods returned by Mohinder for Rs. 1,500.

Jan 18 Received from Mohinder Rs. 7,900after allowing a discount of 1.25%.

Jan 20 Goods sold to Banerjee Rs. 50,000.

Jan 21 Deposited into Bank Rs. 20,000.

Jan 25 Goods taken for personal use Rs. 2,000.

Jan 25 Sold goods to Anoobhav Rs. 30,000.

Jan 27 Goods Returned by Anoobhav Rs.5,000.

Jan 27 Received full payment from Banerjee by Cheque, sent it to bank, Discount Allowed 2%.

Jan 28 Acceptance received from Anoobhav at 30 days for the amount due from him.

Jan 28 Paid for stationery Rs. 400 and for Postage Rs. 5,000.

Jan 31 Rent of proprietor’s house paid by cheque Rs. 2,500.

Ques 4. Following transactions were recorded in the books of Bajaj Light House:

2013

Nov  2  Sold to Ravi Electric-

             20 heaters @ Rs. 120 each, less 25%

             50 tubelights @ Rs. 60 each, less 20%

Nov 8   Purchased from      Royal Traders-

              25 Ceiling fans @ Rs. 600 each

              20 table fans @ Rs. 800 each

             Add: Packing Charges Rs. 60

Nov 12  Five stars Lighting Houses purchased from us-

              72 dozens bulb @Rs. 100 per dozen.

Nov 15  Purchased from Sign & Co. one almirah for Rs. 6,000 on credit for office use.

Nov 20  Better Dealer sold to us –

              5 Water heater @Rs. 360 each

              Less: 10%

Nov 23 New Light House returned-

              5 tube lights sold on Nov. 2

Nov 24 Sold goods to Ram Lal & Co. for cash Rs. 10,000.

Nov 29 Returned to Better Dealer 1 water heater purchased on Nov. 20

You are required to prepare (i). Purchase Book (ii). Sales Book  (iii). Purchase Return Book and (iv). Sales Return Book.

Ques 5 Enter the following transactions of Sh. S. Kumar in appropriate Subsidiary books:

2002 Jan. 1	Assets: Cash in Hand Rs. 5,400; Due from Balaji & Co. Rs. 7,000; Due from Manoj Rs. 20,000; Stock Rs. 80,000; Furniture Rs. 25,000. Liabilities: Bank overdraft Rs. 36,200; due to Surnder Rs. 9,200.
Jan. 3	Purchased from Ram Lal & Sons 10 Chests of tea @ Rs. 720 each less 10% trade discount.
Jan. 5	Purchased from Ghanshyam Das & Co. 20 tins of coffee @ Rs. 480 each, less 5% trade discount. Half the payment is made in cash and half by cheque.
Jan. 6	Purchased machinery for rs. 10,000 from Parmod & Co. on Credit.
Jan. 8	Received cash from Balaji & Co. Rs. 6,800 in full settlement of  their account.
Jan. 10	Deposited into bank Rs. 5,000.
Jan. 12	Sold to sen & Co. good as follows:             4 Chests of tea @ Rs. 950 each             12 tins of Coffee @ Rs. 700 each
Jan. 15	Returned to ram Lal & Sons 1 chest of tea.
Jan. 16	Sold to Ravi Shankar 20 chests of tea @ Rs. 1,000 each less 5% trade discount.
Jan 17	Ravi Shankar returned 1 chest of tea.
Jan. 18	Ravi Shankar accepted a bill for 1 month for the amount due from him.
Jan. 18	Paid for wages Rs. 500 and for stationery Rs. 200.
Jan. 20	Received a cheque of Rs. 10,000 from Sen & Co. The cheque is immediately deposited into bank.
Jan. 21	Purchased from Vijay & Co. 20 chests of tea @ Rs. 800 each and 5 tins of coffee @ Rs. 500 each.
Jan. 22	2 Chests of tea costing Rs. 700 each are taken by Mr. S. Kumar for his personal use.
Jan. 24	Returned to Vijay & Co. 2 chests of tea and 1 tin of coffee.
Jan. 25	Acceptance given to Vijay & Co. for 2 months for the amount due to them.
Jan. 27	Acceptance received from Sen & Co. for Rs. 2,200 for 30 days.
Jan. 28	Withdrew from bank for personal use Rs. 4,000 and for office use Rs. 6,000.
Jan. 30	Paid rent by cheque Rs. 4,000.