Question No 02 Chapter No 10 – USHA Publication 11 Class

Question No 02 Chapter No 10

Question No 02 Chapter No 10

Opening Entry

2. Sunil purchased running business of Surinder on 20th October, 2017 for Rs 9,00,000 with the following assets and liabilities:stock Rs 3,50,000; Machinery Rs 2,50,000; Bank loan Rs 1,20,000; Creditors Rs 40,000; Debtors Rs 1,10,000; and Furniture Rs 60,000

 

The solution of Question No 02 Chapter No 10: –

 

In the Books of Sunil
Date Particulars
L.F. Debit Credit
2019          
Oct.20 Stock A/c Dr.   3,50,000  
  Machinery A/c Dr.   2,50,000  
  Debtors A/c Dr.   1,10,000  
  Furniture A/c Dr.   60,000  
  Goodwill A/c Dr.   2,90,000  
  To Bank Loan A/c       1,20,000
  To Creditors A/c       40,000
  To Capital A/c       9,00,000
  (Being opening entry made)      
         

 

Journal Proper | Subsidiary Books | 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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