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Question No 01 Chapter No 11 – USHA Publication 11 Class

Question No 01 Chapter No 11
Q-01 - CH-11 - USHA +1 Book 2020 - Solution

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Question No 01 Chapter No 11

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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.1Started business with cash 20,000
Mar.4Goods purchased  from Sukhdev3,000
Mar.8Salary for the month of March paid 2,500
Mar.12Goods sold for cash 3,500
Mar.17Proprietor withdrew cash for personal use1,800
Mar.22Paid for printing charges700
Mar.25Paid to Sukhdev1,650
 Discount availed50
Mar.31Goods sold to Sunil on credit 1,200

 

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The solution of Question No 01 Chapter No 11: –  

In the Books of Roshan Lal & Sons
Date Particulars
L.F.DebitCredit
Mar. 1Cash A/cDr. 20,000 
 To Capital A/c   20,000
 (Being started business with cash)    
      
Mar. 4Purchase A/cDr. 3,000 
 To Sukhdev A/c   3,000
 (Being goods purchase on credit )    
      
Mar. 8Salary A/cDr. 2,500 
 To Cash A/c   2,500
 (Being salary paid in cash)    
      
Mar. 12Cash A/cDr. 3,500 
 To Sale A/c   3,500
 (Being cash sale)    
      
Mar. 17Drawings A/cDr 1,800 
 To Cash A/c   1,800
 (Being cash withdrawn for personal use)    
      
Mar. 22Printing Charges A/cDr 700 
 To Cash A/c   700
 (Being printing charges paid in cash )    
      
Mar. 25Sukhdev A/cDr 700 
 To Cash A/c   700
 To Discount received A/c    
 (Being cash paid to ram )    
      
Mar. 31Sunil A/cDr 1,200 
 To Sale A/c   1,200
 (Being sold goods on credit )    
      

 

Dr.Purchases AccountCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 4To Sukhdev A/c 3,000    
    Mar. 31By Balance C/d 3,000
   3,000   3,000

 

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 1By Cash A/c 20,000
        
Mar. 31To Balance C/d 20,000    
   20,000   20,000

 

 

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

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Dr.Drawing A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 17To cash A/c 1,800    
        
    Apr. 30By Balance C/d 1,800
   1,800   1,800

 

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

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Dr.SalaryCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 8To Cash A/c 2,500    
        
   2,500    

 

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

 

Dr.DiscountCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 25To Sukhdev A/c 50
        
        
       50

 

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

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Dr.Sunil A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 31To Sale A/c 1,200    
        
    Mar. 31By Balance C/d 1,200
   1,200   1,200

 

Dr.Discount received A/c Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Mar. 27By Ram A/c 300
        
Mar. 31By Balance C/d 300    
   300   300

 

Trail Balance A/c 
Particulars
J.F.DebitCredit
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 
  26,05026,050

 

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: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

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Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

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Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

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Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

C

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