TS Grewal Accountancy Class 11 Solutions Chapter 4 Origin of Transactions Source Documents and Preparation of Voucher

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TS Grewal Solutions Class 11 Chapter 4

Class 11 Accountancy Chapter 4 – Origin of Transactions Sources Documents and Preparation of Voucher

Question 1:

Following transactions took place in M/s Good luck Computers. Prepare the Accounting Vouchers:

2019 Rs
Jan. 1 Bought Computer Mouse (4 Nos.) with Cash Memo No. 338* 6,000
Jan. 8 Wages paid for the month of December, 2018 10,000
Jan. 12 Purchased two Desktop Computers from M/s Computech for cash with Cash Memo No. 170* 32,500
Jan. 25 Paid cash to Hari & Sons vide receipt No. 102 for repairs* 1,000
Jan. 28 Paid postage 200
Jan. 30 Cash withdrawn from bank 10,000

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

Answer:

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TS Grewal Class 11 Chapter 4 Solutions

TS Grewal Class 11 Solutions

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Question 2:

Prepare the Accounting Vouchers for the following transactions:

2019 Rs
Jan. 1 Started business with cash 2,00,000
Jan. 1 Purchased furniture with Cash Memo No. 210* 10,000
Jan. 5 Opened a Bank Account in Canara Bank 60,000
Jan. 10 Purchased garments on credit from M/s Madras Store with Bill No. 291* 20,000
Jan. 12 Sold shirts to Ram Parkash on credit with Bill No. 1* 5000
Jan. 15 Sold shirts for cash with Cash Memo No. 1* 7,000
Jan. 20 Withdrew from bank for office use by cheque No. 23301 20000
Jan. 27 Withdrew for personal use by cheque No. 51003 5000

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

Answer:

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Question 3:

Prepare the Vouchers to be recorded in the books of M/s Computer Aids:

2019 Rs
Jan. 1 Bought computer for resale for cash with Cash Memo No. 512* 7,200
Jan. 8 Salary paid for the month of December, 2018 10,000
Jan. 10 Sold computer for cash with Cash Memo No. 64* 12,000
Jan. 15 Withdraw cash from bank for office use with cheque No. 13456 1,700

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

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Class 11 Accountancy Chapter 4 Solutions

Question 4:

Prepare the Vouchers to be recorded in the books of M/s Elegant Furniture’s, New Delhi:

2019 Rs
Jan. 1 Bought furniture from Modern Furniture for cash with Cash Memo No. 241* 7,500
Jan. 8 Paid cash to Mani & Sons for purchase of 2 machines with Cash Memo No. 1230* 5,000
Jan. 20 Paid for conveyance 150
Jan. 27 Sold old typewriter for cash with cash receipt No. 314* 500

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

Question 5:

Prepare the Vouchers:

2019 Rs
Jan. 5 Received cash from Wahi & Co. on account with cash receipt No. 551 10,000
Jan. 10 Commission received with cash receipt No. 520* 10,000
Jan. 15 Sold leather purses for cash with Cash Memo Nos. 307-310* 6,000
Jan. 24 Sold two old machines with Cash Memo No. 1560* 3,000

Transactions marked with * are subject to levy of CGST and SGST @ 6% each.

Question 6:

Prepare the Transfer Vouchers in the books of Mangla Agencies, Faridabad, Haryana from the Source Vouchers:

2019 Rs
Jan.7 Purchased goods from M/s Eufora, New Delhi with Bill No. 912, paid IGST @ 12% 4,700
Jan. 11 Sold goods to M/s Yardley, Faridabad, Haryana vide Bill No. 31596, charged CGST and SGST @ 6% each 5,000
Jan. 31 Depreciation charged on building @ 10% on Rs 2,00,000 20,000