Question No 01 Chapter No 7 – USHA Publication 11 Class

Question No 01 Chapter No 7

Question No 01 Chapter No 7

Free Accounting book Solution - Class 11 and Class 12

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

 

What is Ledger in accounting – explain its Types

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

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

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

Chapter No. 16 – Rectification of Errors 

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

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

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *