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Question 39 Chapter 5 of +2-Part-1
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39. (Revaluation Entries) Record the folowing in Journal.
(a) A claim of Rs. 5,000 against the firm for late supply of goods was acknowledged.
(b) A claim of Rs. 5,000 by the firm for late payment by the customer was admitted.
(c) Commission earned Rs. 4,000 was not recorded.
(d) Commission payable to salesman ? Rs. 15,000 was not recorded.
We are providing a solution of Question 39 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:
1. Check out the Solution of this question in Video Format:-
The video consists solution of question numbers from 39 to 41 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 39 from the flowing video by using time stamps of the video.
2. Check out the Solution of this question in Article Format:-
The solution of Question 39 Chapter 5 of +2 Part-1: –
| Journal | |||||
| Date | Particulars | L.F. | Debit | Credit | |
| a) | Revaluation A/c | Dr. | 5,000 | ||
| To claim outstanding A/c | 5,000 | ||||
| (Being claim admitted) | |||||
| b) | Claim A/c | Dr. | 5,000 | ||
| To Revaluation A/c | 5,000 | ||||
| (Being claim due from customer) | |||||
| c) | Commission Accrued A/c | Dr. | 4,000 | ||
| To Revaluation A/c | 4,000 | ||||
| (Being commission due) | |||||
| d) | Revaluation A/c | Dr. | 15,000 | ||
| To Commission due A/c | 15,000 | ||||
| (Being commission due) | |||||
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
