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Question No 01 Chapter No 7
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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. | 30,000 | ||
| To Cash A/c | 30,000 | ||||
| (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 | 30,000 | |||||
| Jul. 31 | By Balance C/d | 30,000 | |||||
| 30,000 | 30,000 | ||||||
| Dr. | Cash A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2018 | 2018 | ||||||
| Jul. 1 | By Furniture A/c | 30,000 | |||||
| Jul. 31 | By Balance C/d | 30,000 | |||||
| 30,000 | 30,000 | ||||||
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What is Ledger in accounting – explain its Types
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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. 2 – Theory Base of Accounting
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Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
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Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
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