Question No 15 Chapter No 7 - USHA Publication 11 Class

Question No 15 Chapter No 7

15. Are the following journal entries correctly made? If not, give correct entries and post them into respective accounts.

			Dr	Cr
(a)	Wages A/c	Dr.	300
	To Hari			300
	(Being wages paid to Hari)
(b)	Cash A/c	Dr.	9,000
	To Sweta			9,000
	(Being cash received from Upkar on behalf of Poonam)
(c)	Cash A/c	Dr.	7,000
	To Upkar’s a/c			7,000
	(Being cash received from upkar on behalf of Poonam)
(d)	Purchases A/c	Dr.	1,000
	To cash A/c			1,000
	(Being stationery purchased for cash)
(e)	Davinder A/c	Dr.	2,000
	To sale A/c			1,800
	To Trade discount A/c			200
	(Being goods sold to Davinder for Rs 2,000 gross at 10% trade discount
(f)	Cash A/c	Dr.	150
	To sale A/c			150
	(Being old newspapers sold)

 

The solution of Question No 15 Chapter No 7: -

Journal

Date	Particulars		L.F.	Debit	Credit
(a)	Wages A/c	Dr.		300
	To Cash A/c				300
	(Being wages paid to Hari)
(b)	Cash A/c	Dr.		9,000
	To Commission A/c				9,000
	(Being commission received from Sweta)
(c)	Cash A/c	Dr.		7,000
	To Poonam A/c				7,000
	(Being cash received from upkar on behalf of Poonam)
(d)	Stationery A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being stationery purchased for cash)
(e)	Davinder A/c	Dr.		1,800
	To Sale A/c				1,800
	(Being goods sold to Davinder for Rs 2,000 gross at 10% trade discount
(f)	Cash A/c	Dr.		150
	To Miscellaneous Receipts A/c				150
	(Being old newspapers sold)

 

Dr.	Wages A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
(a)	To Cash A/c		300
			300

 

Dr.	Commission A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
				(b)	By Cash A/c		9,000
							9,000

 

Dr.	Poonam A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
				(c)	By Cash A/c		7,000
	To Balance c/d		7,000
			7,000				7,000

 

Dr.	Stationery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
(d)	To Cash A/c		1,000
			1,000

 

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
(b)	To Commission A/c		9,000	(a)	By Wages A/c		300
(c)	To Poonam A/c		7,000	(d)	By Stationery A/c		1,000
(e)	To Miscellaneous Receipts A/c		150
					By Balance c/d		14,850
			16,150				16,150

 

Dr.	Davinder A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
(e)	To Sale c/d		1,800
					By Balance c/d		1,800
			1,800				1,800

 

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
				(e)	By Davinder A/c		1,800
							1,800

 

Dr.	Miscellaneous Receipts A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
				(f)	By Cash A/c		150
							150

 

 

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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)