Question No 02 Chapter No 7
02. Enter the following transaction in Journal and post them into Ledger
| 2015 | ` | Rs |
| Feb.1 | Business started with cash | 80,000 |
| Feb.4 | Deposited cash into bank | 18,000 |
| Feb.7 | Salaries paid | 15,000 |
| Feb.10 | Purchased computer | 25,000 |
The solution of Question No 02 Chapter No 7: –
| Date | Particulars |
L.F. | Debit | Credit | |
| 2018 | |||||
| Feb.1 | Cash A/c | Dr. | 80,000 | ||
| To Capital A/c | 80,000 | ||||
| (Being Business started with cash ) | |||||
| Feb.4 | Bank A/c | Dr. | 18,000 | ||
| To Cash A/c | 18,000 | ||||
| (Being cash deposited into bank) | |||||
| Feb.7 | Salaries A/c | Dr. | 15,000 | ||
| To Cash A/c | 15,000 | ||||
| (Being salaries paid by cash) | |||||
| Feb.10 | Computer A/c | Dr. | 25,000 | ||
| To Cash A/c | 25,000 | ||||
| (Being Computer purchased by cash) | |||||
| Dr. | Cash A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Feb. 1 | To Capital A/c | 80,000 | Feb. 4 | By Bank A/c | 18,000 | ||
| Feb. 7 | By Salaries A/c | 15,000 | |||||
| Feb. 10 | By Computer A/c | 25,000 | |||||
| Feb. 28 | By Balance c/d | 22,000 | |||||
| 80,000 | 80,000 | ||||||
| Dr. | Capital A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Feb. 1 | By Cash A/c | 80,000 | |||||
| Feb. 28 | To Balance C/d | 80,000 | |||||
| 80,000 | 80,000 | ||||||
| Dr. | Bank A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Feb. 4 | To Cash A/c | 18,000 | |||||
| Feb. 28 | By Balance C/d | 18,000 | |||||
| 18,000 | 18,000 | ||||||
| Dr. | Salaries A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | |||||||
| Feb. 7 | To Cash A/c | 15,000 | |||||
| 15,000 | |||||||
| Dr. | Computer A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Feb. 10 | To Cash A/c | 25,000 | |||||
| Feb. 28 | By Balance C/d | 25,000 | |||||
| 25,000 | 25,000 | ||||||
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
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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. 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)
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