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Question No 29 Chapter No 5
Payment Made/Received on Behalf of others
29. Enter the following transactions in the journal of JJ Singh:
| 2020 | |
| Mar. 1 | Cash received from Bikramjit on behalf of Suhag Rs 10,000 |
| Mar. 3 | Rent received on behalf of Sunder Singh Rs 15,000 |
| Mar. 8 | Interest paid to Shubegh Singh on behalf of Shamsher Singh Rs 9,000 |
| Mar. 11 | Issued cheque to Dalip Singh on behalf of Surjan Singh Rs 11,000 |
| Mar. 15 | Arjuan Singh received commission on our behalf Rs 13,000 |
| Mar. 18 | Sadhu Singh received cash from Mani Singh on our behalf Rs 22,000 |
| Mar. 21 | Santokh Singh paid rent on our behalf Rs 4,500 |
| Mar. 24 | Kharak Singh issued a cheque to Nirvair Singh on our behalf Rs 16,000 |
In the Books of JJ Singh
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2020 | |||||
| Mar.1 | Cash A/c | Dr. | 10,000 | ||
| To Suhag A/c | 10,000 | ||||
| (Being received on behalf of the customer.) | |||||
| Mar.3 | Cash A/c | Dr. | 15,000 | ||
| To Sunder Singh A/c | 15,000 | ||||
| (Being received on behalf on a person) | |||||
| Mar.8 | Shamsher Singh A/c | Dr. | 9,000 | ||
| To Cash A/c | 9,000 | ||||
| (Being interest paid on behalf of a person ) | |||||
| Mar.11 | Surjan Singh A/c | Dr. | 11,000 | ||
| To Bank A/c | 11,000 | ||||
| (Being issued received commission on our behalf) | |||||
| Mar.15 | Arjun Singh A/c | Dr. | 13,000 | ||
| To Commission Received A/c | 13,000 | ||||
| (Being a person received commission on our behalf) | |||||
| Mar.18 | Sadhu Singh A/c | Dr. | 22,000 | ||
| To Mani Singh A/c | 22,000 | ||||
| (Being person received cash from another person on our behalf) | |||||
| Mar.21 | Rent A/c | Dr. | 4,500 | ||
| To Santokh Singh A/c | 4,500 | ||||
| (Being rent paid by a person on our behalf) | |||||
| Mar.24 | Nairvair Singh A/c | Dr. | 16,000 | ||
| To Kharak Singh A/c | 16,000 | ||||
| (Being person issued a cheque to another on our behalf) | |||||
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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.
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