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Question No 04 Chapter No 7 – USHA Publication 11 Class

Question No 04 Chapter No 7
Q-04 - CH-7 - USHA +1 Book 2020 - Solution

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Question No 04 Chapter No 7

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04. Enter follow transaction in Journal and post them into Ledger:

2018 
Dec.1Received cheque on account of Sale Rs 2,00,000; rent Rs 40,000 and commission Rs 15,000
Dec. 25Paid 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: –

 
DateParticulars
L.F.DebitCredit
2018     
Dec.1Bank A/cDr. 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.10Interest A/cDr. 12,000 
 Machinery A/cDr. 38,000 
 Purchases A/cDr. 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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Dec. 1To Sale A/c 2,00,000Dec. 25By Interest A/c 12,000
Dec. 1To Rent A/c 40,000Dec. 25By Machinery A/c 38,000
Dec. 1To Commission A/c 15,000Dec. 25By Purchases A/c 12,000
    Dec. 31By Balance c/d 1,45,000
   2,55,000   2,55,000

 

Dr.Sale A/c
Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Dec. 1By Bank A/c 2,00,000
        
       2,00,000

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Dr.Rent A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Dec. 15By Bank A/c 40,000
       40,000

 

Dr.Commission A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
    Dec. 4By Bank A/c 15,000
       15,000

 

Dr.Purchases A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Dec. 25To bank A/c 60,000    
        
   60,000    

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Dr.Interest A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Dec. 25To Bank A/c 12,000    
        
   12,000    

 

Dr.Machinery A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Dec. 25To Bank A/c 38,000    
    Dec. 31By Balance C/d 38,000
   38,000   38,000

 

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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 

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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

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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. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

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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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