# Question No 03 Chapter No 7 – USHA Publication 11 Class

Q-03 - CH-7 - USHA +1 Book 2020 - Solution

Question No 03 Chapter No 7

03. Record the following transaction in the journal, post them into the ledger and find out the balance of all account

 2017 ` Jan.1 Purchased goods from Naveen Rs 18,000 Jan.4 Sold goods for Rs 22,000 Jan.7 Goods destroyed by fire Rs 2,500 Jan.10 Furniture purchased from Manisha Rs 25,000 Jan. 15 Rent paid in cash Rs 3,500 Jan. 30 Cash deposited into bank Rs 4,500

## The solution of Question No 03 Chapter No 7: –

 Date Particulars L.F. Debit Credit 2018 Jan.1 Purchased A/c Dr. 18,000 To Naveen A/c 18,000 (Being goods purchased from Naveen) Jan.4 Cash A/c Dr. 22,000 To Sale A/c 22,000 (Being goods sold for Cash) Jan.7 Loss by fire A/c Dr. 2,500 To Purchases A/c 2,500 (Being goods destroyed by fire) Jan.10 Furniture A/c Dr. 25,000 To Manisha A/c 25,000 (Being furniture purchased on credit) Jan.15 Rent A/c Dr. 3,500 To Cash A/c 3,500 (Being rent paid in cash) Jan.30 Bank A/c Dr. 4,500 To Cash A/c 4,500 (Being cash deposited into a bank)

 Dr. Purchases A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 1 To Naveen A/c 18,000 Jan. 7 By Loss by Fire A/c 2,500 Feb. 28 By Balance c/d 15,500 18,000 18,000

 Dr. Naveen A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Feb. 1 By Purchases A/c 18,000 Feb. 28 To Balance C/d 18,000 18,000 18,000

 Dr. Cash A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 4 To Sale A/c 22,000 Jan. 15 By Rent A/c 3,500 Jan. 30 By Bank A/c 4,500 Jan. 31 By Balance C/d 14,000 22,000 22,000

 Dr. Sale A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 4 By Cash A/c 22,000 Jan. 31 To Balance C/d 22,000 22,000 22,000

 Dr. Loss by fire A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 7 To Purchases A/c 2,500 Jan. 31 By Balance C/d 2,500 2,500 2,500

 Dr. Furniture A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 10 To Manisha A/c 25,000 Jan. 31 By Balance C/d 25,000 25,000 25,000

 Dr. Rent A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 7 To Cash A/c 3,500 Jan. 31 By Balance C/d 3,500 3,500 3,500

 Dr. Manisha A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 4 By Furniture A/c 25,000 Jan. 31 To Balance C/d 25,000 25,000 25,000

 Dr. Bank A/c Cr. Date Particulars J.F. Amount Date Particulars J.F. Amount 2018 2018 Jan. 30 To Cash A/c 4,500 Jan. 31 By Balance C/d 4,500 4,500 4,500

What is Ledger in accounting – explain its Types

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## 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

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

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)

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