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Question No 02 Chapter No 7 – USHA Publication 11 Class

Question No 02 Chapter No 7
Q-02 - CH-7 - USHA +1 Book 2020 - Solution

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Question No 02 Chapter No 7

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02. Enter the following transaction in Journal and post them into Ledger

2015`Rs
Feb.1Business started with cash80,000
Feb.4Deposited cash into bank18,000
Feb.7Salaries paid 15,000
Feb.10Purchased computer25,000

The solution of Question No 02 Chapter No 7: –

 
DateParticulars
L.F.DebitCredit
2018     
Feb.1Cash A/cDr. 80,000 
 To Capital A/c   80,000
 (Being Business started with cash )   
     
Feb.4Bank A/cDr. 18,000 
 To Cash A/c  18,000
 (Being cash deposited into bank)   
     
Feb.7Salaries A/cDr. 15,000 
 To Cash A/c  15,000
 (Being salaries paid by cash)   
     
Feb.10Computer A/cDr. 25,000 
 To Cash A/c  25,000
 (Being Computer purchased by cash)   
     

 

Dr.Cash A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Feb. 1To Capital A/c 80,000Feb. 4By Bank A/c 18,000
    Feb. 7By Salaries A/c 15,000
    Feb. 10By Computer A/c 25,000
    Feb. 28By Balance c/d 22,000
   80,000   80,000

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Feb. 1By Cash A/c 80,000
Feb. 28To Balance C/d 80,000    
   80,000   80,000

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Dr.Bank A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Feb. 4To Cash A/c 18,000    
    Feb. 28By Balance C/d 18,000
   18,000   18,000

 

Dr.Salaries A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018       
Feb. 7To Cash A/c 15,000    
        
   15,000    

 

Dr.Computer A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Feb. 10To Cash A/c 25,000    
    Feb. 28By Balance C/d 25,000
   25,000   25,000

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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. 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

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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

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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)

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

 

 

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