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Question No 24 Chapter No 5
Expenses/Income of Past, Present and Future
24. Journalese the following transactions in the books of Dhoni:
| 2017 | |
| Apr. 1 | Salaries paid by cheque Rs 6,000 |
| Apr. 2 | Salaries due but not paid Rs 3,000 |
| Apr. 5 | Interest received Rs 5,000 |
| Apr. 6 | Interest due but not received Rs 1,500 |
| Apr. 10 | Commission paid for the current year Rs 4,500 |
| Apr. 11 | Commission paid for the next year Rs 4,000 |
| Apr. 12 | Commission of last year paid Rs 3,500 |
| Apr. 16 | Rent of current year received Rs 6,800 |
| Apr. 17 | Rent of next year received Rs 7,800 |
| Apr. 18 | Rent of the last ear received Rs 8,800 |
In the Books of Dhoni
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2017 | |||||
| Apr.1 | Salary A/c | Dr. | 6,000 | ||
| To Bank A/c | 6,000 | ||||
| (Being salary paid by cheque.) | |||||
| Apr.2 | Salary A/c | Dr. | 3,000 | ||
| To Outstanding Salary A/c | 3,000 | ||||
| (Being Salary due but not paid) | |||||
| Apr.5 | Cash A/c | Dr. | 5,000 | ||
| To Interest A/c | 5,000 | ||||
| (Being interest received in cash) | |||||
| Apr.6 | Accrued Interest A/c | Dr. | 1,500 | ||
| To Interest A/c | 1,500 | ||||
| (Being interest due but not received) | |||||
| Apr.10 | Commission A/c | Dr. | 4,500 | ||
| To Cash A/c | 4,500 | ||||
| (Being commission paid for the current year in cash) | |||||
| Apr.11 | Prepaid Commission A/c | Dr. | 4,000 | ||
| To Cash A/c | 4,000 | ||||
| (Being commission paid for next year.) | |||||
| Apr.12 | Outstanding Commission A/c | Dr. | 3,500 | ||
| To Cash A/c | 3,500 | ||||
| (Being commission for the previous year paid .) | |||||
| Apr.16 | Cash A/c | Dr. | 6,800 | ||
| To Rent A/c | 6,800 | ||||
| (Being rent received for the current year.) | |||||
| Apr.17 | Cash A/c | Dr. | 7,800 | ||
| To Rent received iv advance A/c | 7,800 | ||||
| (Being Rent received for next year.) | |||||
| Apr.18 | Cash A/c | Dr. | 8800 | ||
| To Rent receivable A/c | 8800 | ||||
| (Being Rent of previous year received ) | |||||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
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)
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 24 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.
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.
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4 December 2022
8 January 2023
