Question No 01 Chapter No 11 – USHA Publication 11 Class

Question No 01 Chapter No 11

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  (Being cash withdrawn for personal use)        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

 

 

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

 

To understand more about cash book please check out following links: –

Trial Balance | Explanation | Methods | Examples

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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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