Question No 01 Chapter No 11 - USHA Publication 11 Class

Question No 01 Chapter No 11

Balance Method

1. Record the following transactions in the journal, post them into the ledger and prepare trial balance as on 31st March 2019 in the book of M/s Roshan Lal & Sons with balance

2019		Rs
Mar.1	Started business with cash	20,000
Mar.4	Goods purchased from Sukhdev	3,000
Mar.8	Salary for the month of March paid	2,500
Mar.12	Goods sold for cash	3,500
Mar.17	Proprietor withdrew cash for personal use	1,800
Mar.22	Paid for printing charges	700
Mar.25	Paid to Sukhdev	1,650
	Discount availed	50
Mar.31	Goods sold to Sunil on credit	1,200

The solution of Question No 01 Chapter No 11: –

In the Books of Roshan Lal & Sons
Date	Particulars		L.F.	Debit	Credit
Mar. 1	Cash A/c	Dr.		20,000
	To Capital A/c				20,000
	(Being started business with cash)

Mar. 4	Purchase A/c	Dr.		3,000
	To Sukhdev A/c				3,000
	(Being goods purchase on credit )

Mar. 8	Salary A/c	Dr.		2,500
	To Cash A/c				2,500
	(Being salary paid in cash)

Mar. 12	Cash A/c	Dr.		3,500
	To Sale A/c				3,500
	(Being cash sale)

Mar. 17	Drawings A/c	Dr		1,800
	To Cash A/c				1,800
	(Being cash withdrawn for personal use)

Mar. 22	Printing Charges A/c	Dr		700
	To Cash A/c				700
	(Being printing charges paid in cash )

Mar. 25	Sukhdev A/c	Dr		700
	To Cash A/c				700
	To Discount received A/c
	(Being cash paid to ram )

Mar. 31	Sunil A/c	Dr		1,200
	To Sale A/c				1,200
	(Being sold goods on credit )

Dr.	Purchases Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 4	To Sukhdev A/c		3,000
				Mar. 31	By Balance C/d		3,000
			3,000				3,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 1	By Cash A/c		20,000

Mar. 31	To Balance C/d		20,000
			20,000				20,000

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Dr.	Sale Account						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 12	By Cash A/c		3,500
				Mar. 31	By Sunil A/c		1,200
Apr. 30	To Balance C/d		4,700
			4,700				4,700

Dr.	Drawing A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 17	To cash A/c		1,800

				Apr. 30	By Balance C/d		1,800
			1,800				1,800

Dr.	Sukhdev A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 4	To Cash A/c		1,650	Mar. 4	By Purchases A/c		3,000
Mar. 4	To Discount A/c		50
Mar. 31	To Balance c/d		1,300
			3,000				3,000

Dr.	Salary						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 8	To Cash A/c		2,500

			2,500

Dr.	Printing charges A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 22	To cash A/c		700

			700

Dr.	Discount						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 25	To Sukhdev A/c		50


							50

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 1	To Capital A/c		20,000	Mar. 8	By Salary A/c		2,500
Mar. 12	To Sale A/c		3,500	Mar. 17	By Drawing A/c		1,600
				Mar. 22	By Printing charges A/c		700
				Mar. 25	By Sukhdev A/c		1,650
				Mar. 31	By Balance C/d		87,050
			23,500				23,500

Dr.	Sunil A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Mar. 31	To Sale A/c		1,200

				Mar. 31	By Balance C/d		1,200
			1,200				1,200

Dr.	Discount received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Mar. 27	By Ram A/c		300

Mar. 31	By Balance C/d		300
			300				300

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Cash		16,850
Capital			20,000
Purchases		3,000
Sukhdev			1,300
Salary		2,500
Sales			4,700
Drawing		1,800
Printing charges		700
Discount			50
Sunil		1,200
		26,050	26,050