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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question No 16 Chapter No 18
Withdrawal of goods for personal use
16.The following balances have been taken from the trial balance of Miss Pooja as of 31st March 2016
| Ledger Account | (Dr. Rs) | (Cr. Rs) |
| Purchases | 65,000 | - |
| Capital | - | 50,000 |
| Drawing | 8,000 | - |
Adjustment entries
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| Drawing A/c | Dr. | 4,000 | |||
| To Purchases A/c | 4,000 | ||||
| (Being withdrawn for personal use.) | |||||
Trading Account
| Particular |
Amount | Particular |
Amount | ||
|---|---|---|---|---|---|
| To Purchases A/c | 65,000 | ||||
| Less: Drawing | 4,000 | 61,000 | |||
| - | - | ||||
Balance Sheet
| Labilities |
Amount | Assets |
Amount | ||
|---|---|---|---|---|---|
| Capital A/c | 50,000 | ||||
| Less: Drawing(8,000 + 4,000) | 12,000 | 38,000 | |||
| - | - | ||||
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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.
This guide covers "Question No 16 Chapter No 18 - USHA Publication 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +1 Elements of Book-Keeping.
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