Question No 06 Chapter No 7 - USHA Publication 11 Class

Question No 06 Chapter No 7

06. Dalbir had the following assets and liabilities as on 1st April 2019:

Stock Rs 3,000; Sundry debtors Rs 15,800; Furniture Rs 1,500; Bills receivable Rs 800; cash Rs 645; Bills payable Rs 760; Bank overdraft Rs 3,250 and Sundry creditors Rs 6,735. pass the necessary opening entry and post the same in the ledger.

The solution of Question No 06 Chapter No 7: -

Date	Particulars		L.F.	Debit	Credit
2019
Apr.1	Cash A/c	Dr.		645
	Bills receivable A/c	Dr.		800
	Sundry debtors A/c	Dr.		15,800
	Furniture A/c	Dr.		1,500
	Stock A/c	Dr.		3,000
	To Bill payable A/c				760
	To Bank A/c				3,250
	To Sundry Creditor A/c				6,735
	To Capital A/c				11,000
	(Being opening balance of various assets and liabilities brought into account)

 

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Apr. 1	To Balance b/d		645
			645

 

Dr.	Bills receivable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Apr. 1	To Balance b/d		800
			800

 

Dr.	Sundry Debtors A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Apr. 1	To Balance b/d		15,800
			15,800

 

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Apr. 1	To Balance b/d		1,500
			1,500

 

Dr.	Stock A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
Apr. 1	To Balance b/d		3,000
			3,000

 

Dr.	Bills payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
				Apr. 1	By Balance b/d		760
							760

 

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
				Apr. 1	By Balance b/d		3,250
							3,250

 

Dr.	Sundry Creditor A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
				Apr. 1	By Balance b/d		6,735
							6,735

 

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2019				2019
				Apr. 1	By Balance b/d		11,000
							11,000

 

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Also, Check out the solved question of all Chapters: –

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)