Question No 03 Chapter No 7 - USHA Publication 11 Class

Question No 03 Chapter No 7

03. Record the following transaction in the journal, post them into the ledger and find out the balance of all account

2017	`
Jan.1	Purchased goods from Naveen Rs 18,000
Jan.4	Sold goods for Rs 22,000
Jan.7	Goods destroyed by fire Rs 2,500
Jan.10	Furniture purchased from Manisha Rs 25,000
Jan. 15	Rent paid in cash Rs 3,500
Jan. 30	Cash deposited into bank Rs 4,500

The solution of Question No 03 Chapter No 7: -

Date	Particulars		L.F.	Debit	Credit
2018
Jan.1	Purchased A/c	Dr.		18,000
	To Naveen A/c				18,000
	(Being goods purchased from Naveen)
Jan.4	Cash A/c	Dr.		22,000
	To Sale A/c				22,000
	(Being goods sold for Cash)
Jan.7	Loss by fire A/c	Dr.		2,500
	To Purchases A/c				2,500
	(Being goods destroyed by fire)
Jan.10	Furniture A/c	Dr.		25,000
	To Manisha A/c				25,000
	(Being furniture purchased on credit)
Jan.15	Rent A/c	Dr.		3,500
	To Cash A/c				3,500
	(Being rent paid in cash)
Jan.30	Bank A/c	Dr.		4,500
	To Cash A/c				4,500
	(Being cash deposited into a bank)

 

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 1	To Naveen A/c		18,000	Jan. 7	By Loss by Fire A/c		2,500
				Feb. 28	By Balance c/d		15,500
			18,000				18,000

 

Dr.	Naveen A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Feb. 1	By Purchases A/c		18,000
Feb. 28	To Balance C/d		18,000
			18,000				18,000

 

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 4	To Sale A/c		22,000	Jan. 15	By Rent A/c		3,500
				Jan. 30	By Bank A/c		4,500
				Jan. 31	By Balance C/d		14,000
			22,000				22,000

 

Dr.	Sale A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Jan. 4	By Cash A/c		22,000
Jan. 31	To Balance C/d		22,000
			22,000				22,000

 

Dr.	Loss by fire A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 7	To Purchases A/c		2,500
				Jan. 31	By Balance C/d		2,500
			2,500				2,500

 

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 10	To Manisha A/c		25,000
				Jan. 31	By Balance C/d		25,000
			25,000				25,000

 

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 7	To Cash A/c		3,500
				Jan. 31	By Balance C/d		3,500
			3,500				3,500

 

Dr.	Manisha A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Jan. 4	By Furniture A/c		25,000
Jan. 31	To Balance C/d		25,000
			25,000				25,000

 

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 30	To Cash A/c		4,500
				Jan. 31	By Balance C/d		4,500
			4,500				4,500

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Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Chapter No. 1 - Introduction

Chapter No. 2 - Theory Base of Accounting 

Chapter No. 3 - Origin of Transactions

Chapter No. 4 - Vouchers and transactions

Chapter No. 5 - Journal

Chapter No. 6 - Accounting for Goods and Services Tax(GST)

Chapter No. 7 - Ledger

Chapter No. 8 - Cash Book

Chapter No. 9 - Other Subsidiary Books

Chapter No. 10 - Journal Proper

Chapter No. 11 - Trial Balance

Chapter No. 12 - Bank Reconciliation Statement

Chapter No. 13 - Depreciation

Chapter No. 14 - Provisions and Reserves 

Chapter No. 15 - Bills of Exchange

Chapter No. 16 - Rectification of Errors 

Chapter No. 17 - Financial Statements - (Without Adjustments)

Chapter No. 18 - Financial Statements - (With Adjustments)