What is the main topic of "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

This guide covers "Question No 16 Chapter No 5 - 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.

Who can benefit from this guide on "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.

Where can I practice questions related to "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question No 16 Chapter No 5 - USHA Publication 11 Class" instantly.

Question No 16 Chapter No 5 - USHA Publication 11 Class

⚡

Quick Overview & Key Takeaways

Focus Topic:Question No 16 Chapter No 5 - USHA Publication 11 Class

Estimated Reading Time:4 mins

Comprehensive academic guide covering core concepts of Question No 16 Chapter No 5 - USHA Publication 11 Class.
Syllabus-aligned study material with detailed definitions, formats, and practical examples.
Interactive check: Includes a custom practice quiz at the bottom of the article to self-evaluate knowledge.

Question No 16 Chapter No 5

16. Enter the following transaction in the books of Mulayam Singh:

2018
Mar. 1	Received Rs 1,900 from Mayawati and allowed Rs 100
Mar. 2	Paid Rs 2,400 to Mishra and availed a discount of Rs 100
Mar. 8	Received Rs 3,950 from Amar Singh in full settlement of his account of Rs 4,000
Mar. 9	Paid Rs 4,390 to Akhilesh by cheque in full settlement of Rs 4,500
Mar. 15	Suresh Yadav, who owed Rs 5,000, paid the amount by bank draft in full settlement of his account, by availing 3% cash discount
Mar. 16	Dalip Yadav to whom Rs 6,000 was payable, his account settled by receiving a discount of 1.5%
Mar.23	Paid Rs 2,400 by cheque to Ravi, availing a discount of 4%
Mar.24	Received Rs 6,860 from Santosh, allowing her 2% cash discount

Date

Particulars

L.F.

Debit

Credit

2018

Mar.1

Cash A/c

Dr.

1,900

Discount allowed A/c

Dr.

100

To Mayawati A/c

2,000

(Being cash received and discount allowed .)

Mar.2

Mishra A/c

Dr.

2,500

To Cash A/c

2,400

To Discount received A/c

100

(Being cash paid and discount received.)

Mar.8

Cash A/c

Dr.

3,950

Discount allowed A/c

Dr.

To Amar Singh A/c

4,000

(Being cash received and cash allowed )

Mar.9

Akhilesh A/c

Dr.

4,500

To Bank A/c

4,390

To Discount received A/c

110

(Being cheque given and discount received.)

Mar.15

Bank A/c

Dr.

4,850

Discount allowed A/c

Dr.

150

To Suresh Yadav A/c

5,000

(Being Goods sold by cheque and Discount allowed .)

Mar.16

Dilip Yadav A/c

Dr.

6,000

To CashA/c

5,910

To Discount received A/c

(Being Cash paid and discount received)

Mar.23

ravi Yadav A/c

Dr.

2,500

To Bank A/c

2,400

To Discount received A/c

100

(Being amount paid by cheque and discount received .)

Mar.24

Cash A/c

Dr.

6,860

Discount allowed A/c

Dr.

140

To Santosh A/c

7,000

(Being draft received and discount allowed.)

Cash Discount	=	List price after Trade Discount	*	Rate of Cash Discount
	=	5,000	X	3%
	=	150/-

Cash Discount	=	List price after Trade Discount	*	Rate of Cash Discount
	=	6,000	X	1.5%
	=	90/-

Discount	=	Amount Received / Paid	X	Rate
				100- Rate

Discount	=	Amount Received / Paid	X	Rate
				100- Rate

Question No 16 Chapter No 5 - USHA Publication 11 Class

Quick Overview & Key Takeaways

The solution of Question No 16 Chapter No 5: -

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

Sarbjit SinghB.Com and M.Com

❓ Frequently Asked Questions

What is the main topic of "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

Who can benefit from this guide on "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

Where can I practice questions related to "Question No 16 Chapter No 5 - USHA Publication 11 Class"?

2 Comments

Pritpal singh

Amanpreet Kaur

Add your comment

Next to Read

Question No 45 Chapter No 18 - USHA Publication 11 Class

Question No 44 Chapter No 18 - USHA Publication 11 Class

Question No 43 Chapter No 18 - USHA Publication 11 Class