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Question 22 Chapter 4 – Unimax Publications of Class 11
22. Journalise the following transactions in the books of Baldev.
2021
Aug.1 Baldev started Business with Cash Rs. 1,00,000, Bank Rs. 50,000 & Machinery Rs. 50,000.
Aug. 2 Purchase goods Rs. 25,000, Rs. 10,000 paid cash and Balance by cheque.
Aug. 7 Rent paid Rs. 4,000; salary paid Rs. 6,000.
Aug. 10 Received Rs. 5,000 commission and Rs. 10,000 interest.
Aug. 14 Paid Wages and Salary Rs. 4,000 and Rs. 5,500 respectively.
JOURNAL OF BALDEV
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2021 | |||||
| Aug. 1 | Cash A/c | Dr. | 1,00,000 | ||
| Bank A/c | Dr. | 50,000 | |||
| Machinery A/c | Dr. | 50,000 | |||
| To Baldev’s Capital A/c | 2,00,000 | ||||
| (Being business started with cash, bank and machinery) | |||||
| Aug. 2 | Purchases A/c | Dr. | 25,000 | ||
| To Cash A/c | Dr. | 10,000 | |||
| To Bank A/c | 15,000 | ||||
| (Being good purchased by cash & cheque) | |||||
| Aug. 7 | Rent A/c | Dr. | 4,000 | ||
| Salary A/c | Dr. | 6,000 | |||
| To Cash A/c | 10,000 | ||||
| (Being rent and salary paid) | |||||
| Aug. 10 | Cash A/c | Dr. | 15,000 | ||
| To Commission A/c | 5,000 | ||||
| To Interest A/c | 10,000 | ||||
| (Being commission & interest received) | |||||
| Aug. 14 | Wages A/c | Dr. | 4,000 | ||
| Salaries A/c | Dr. | 5,500 | |||
| To Cash A/c | 9,500 | ||||
| (Being wages and salaries paid) | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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