Question No 04 Chapter No 5 – USHA Publication 11 Class

Question No 04 Chapter No 5

Question No 04 Chapter No 5

4. From the following transaction of Mr. Karim., determine the account to be debited and credited by English Approach:

(i) Business commenced with cash Rs 50,000 & furniture wroth Rs 10,000
(ii)  Bought goods from Ram for cash Rs 10,000
(iii)  Bought further goods from Kasim for Rs 6,000
(iv)  Paid rent Rs 6,000
(v) Cash deposited into Bank Rs 20,000
(vi)  Salary paid into cheque Rs 2,000
(vii) Cash sales to Rahim Ras 16,000
(viii) Sale to Rahim for Rs 5,000 on credit
(ix) Cash is withdrawn from bank Rs 5,000 for personal Account 

 

 

The solution of Question No 04 Chapter No 5: –

 

(i) Business commenced with cash and Furniture: Cash A/c Furniture A/c (Debited) ; Capital A/c (credited)
(ii) Bought goods from Ram on Cash: Purchased A/c (Debited); Cash A/c (Credited)
(iii) Bought further goods Kasim: Purchase A/c (Debited); Kasim A/c (Credited)
(iv) Paid Rent: Rent A/c (Debited) ; Cash A/c (Credited)
(v) Cash Deposited into Bank: Bank A/c (Debited); Cash A/c (Credited)
(vi) Salary paid by cheque: Salary A/c (Debited); Bank A/c (Credited)
(vii) Cash Sale to Rahim: Cash A/c (Debited); Sale A/c (Credited)
(viii) Sale to Rahim on credit: Rahim A/c (Debited); Sale A/c (Credited)
(ix) Cash is withdrawn from bank for personal use: Drawings A/c (Debited); Bank A/c (Credited)



 

How to make Journal Entries in Accounting – Explanation

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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

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)

 

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