Question No 03 Chapter No 5 – USHA Publication 11 Class

Question No 03 Chapter No 5

Question No 03 Chapter No 5

3. From the following transaction of S.K. Trading Co., find out the accounts to be debited or credited by American Approach:

(i) Bought goods for cash Rs 10,000
(ii)  Cash Sale Rs 5,000
(iii)  Cash deposited into bank Rs 4,500
(iv)  Paid charity expresses Rs 100
(v) Purchased furniture wroth Rs 2,000
(vi)  Goods sale to Ram for Rs 1,000 on credit.
(vii) Cash received from Ram Rs 500
(viii) Received interest on bank deposit Rs 500
(ix) Paid salaries Rs 2,000
(x) Bought goods from Sahil Wroth Rs 8,000

 

The solution of Question No 03 Chapter No 5: –

 

(i) Bought goods for cash: Purchased A/c (Debited); Cash A/c (credited)
(ii) Cash sale: Cash A/c (Debited); Sales A/c (Credited)
(iii) Cash deposited into a bank: Bank A/c (Debited); Cash A/c (Credited)
(iv) Paid charity expenses: Charity A/c (Debited); Cash A/c (Credited)
(v) Purchased Furniture: Furniture A/c (Debited); Cash A/c (Credited)
(vi) Goods sold to ram on credit: Furniture A/c (Debited); Cash A/c (Credited)
(vii) Cash received from ram: Cash A/c (Debited); Ram A/c (Credited)
(viii) Received interest on bank deposited: Cash A/c (Debited); Interest A/c (Credited)
(ix) Paid salaries: Salaries A/c (Debited); Cash A/c (Credited)
(x) Bought goods from Sahil: Purchased A/c (Debited); Sahil A/c (Credited)



 

How to make Journal Entries in Accounting – Explanation

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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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