Question No 01 Chapter No 7 – USHA Publication 11 Class

Question No 01 Chapter No 7

Question No 01 Chapter No 7

01. Purchased furniture for RS 30,000 for cash on 1st July 2018. Pass the necessary journal entry and post it in the ledger

 

The solution of Question No 01 Chapter No 7: –

 

 
Date Particulars
L.F. Debit Credit
2018          
Jul.1 Furniture A/c Dr.   50,000  
  To Cash A/c       50,000
  (Being furniture purchased for cash )      
         

 

Dr. Furniture A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jul. 1 To Cash A/c   50,000        
               
      50,000       50,000

 

Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Jul. 1 By Furniture A/c   50,000
               
      50,000       50,000

What is Ledger – Explained with Example

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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