Question No 04 Chapter No 7
04. Enter follow transaction in Journal and post them into Ledger:
| 2018 | |
| Dec.1 | Received cheque on account of Sale Rs 2,00,000; rent Rs 40,000 and commission Rs 15,000 |
| Dec. 25 | Paid cheque on account of Interest Rs 12,000; machinery Rs 38,000and purchase of goods Rs 60,000 |
The solution of Question No 04 Chapter No 7: –
| Date | Particulars |
L.F. | Debit | Credit | |
| 2018 | |||||
| Dec.1 | Bank A/c | Dr. | 2,55,000 | ||
| To Sale A/c | 2,00,000 | ||||
| To Rent A/c | 40,000 | ||||
| To Commission A/c | 15,000 | ||||
| (Being cheque received on account of sale of goods, rent and commission) | |||||
| Dec.10 | Interest A/c | Dr. | 12,000 | ||
| Machinery A/c | Dr. | 38,000 | |||
| Purchases A/c | Dr. | 60,000 | |||
| To Bank A/c | 1,10,000 | ||||
| (Being paid by cheque on account of interest, machinery and purchase of goods) | |||||
| Dr. | Bank A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 1 | To Sale A/c | 2,00,000 | Dec. 25 | By Interest A/c | 12,000 | ||
| Dec. 1 | To Rent A/c | 40,000 | Dec. 25 | By Machinery A/c | 38,000 | ||
| Dec. 1 | To Commission A/c | 15,000 | Dec. 25 | By Purchases A/c | 12,000 | ||
| Dec. 31 | By Balance c/d | 1,45,000 | |||||
| 2,55,000 | 2,55,000 | ||||||
| Dr. | Sale A/c |
Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 1 | By Bank A/c | 2,00,000 | |||||
| 2,00,000 | |||||||
| Dr. | Rent A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 15 | By Bank A/c | 40,000 | |||||
| 40,000 | |||||||
| Dr. | Commission A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 4 | By Bank A/c | 15,000 | |||||
| 15,000 | |||||||
| Dr. | Purchases A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 25 | To bank A/c | 60,000 | |||||
| 60,000 | |||||||
| Dr. | Interest A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 25 | To Bank A/c | 12,000 | |||||
| 12,000 | |||||||
| Dr. | Machinery A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2018 | 2018 | ||||||
| Dec. 25 | To Bank A/c | 38,000 | |||||
| Dec. 31 | By Balance C/d | 38,000 | |||||
| 38,000 | 38,000 | ||||||
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
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Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)