Question No 04 Chapter No 7 – USHA Publication 11 Class

Question No 04 Chapter No 7

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 Purchased 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

 

What is Ledger in accounting – explain its Types

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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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