Question No 02 Chapter No 7 – USHA Publication 11 Class

Question No 02 Chapter No 7

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       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 – Explained with Example

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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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