Question No 05 Chapter No 10
Opening Entry
5. From the following trial balance of Bhardwaj Electrical as on 31st March 2017 pass the closing entries:
| Ledger A/c | (Dr)Rs | Ledger A/c | (Cr)Rs |
| Purchases (net) | 2,10,000 | Sale | 2,7,0000 |
| Carriage inward | 4,000 | Capital | 2,99,000 |
| Excise duty | 6,000 | Creditors | 60,000 |
| Stock (1.4.2016) | 32,000 | Salaries outstanding | 15,000 |
| Machinery | 3,00,000 | Interest on deposits | 1,500 |
| Deprecation on machinery | 24,000 | Commission received | 2,500 |
| Salaries | 35,000 | ||
| Advertisement | 16,000 | ||
| Interest on loan | 2,300 | ||
| Bank balance | 8,700 | ||
| Drawing | 10,000 | ||
| 6,48,000 | 6,48,000 |
The solution of Question No 05 Chapter No 10: –
| In the Books of Deepti Walia | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2019 | |||||
| Mar.31 | Trading A/c | Dr. | 2,52,000 | ||
| To opening Stock A/c | 32,000 | ||||
| To Purchases A/c | 2,10,000 | ||||
| To Carriage inward A/c | 4,000 | ||||
| To Excise Duty A/c | 6,000 | ||||
| (Being the direct expenses charged to Trading A/c) | |||||
| Mar.31 | Sale A/c | Dr. | 2,70,000 | ||
| Closing Stock A/c | Dr. | 55,000 | |||
| To Trading A/c | 3,25,000 | ||||
| (Being Sale and closing stock transferred to Trading A/c) | |||||
| Mar.31 | Profit & Loss A/c | Dr. | 77,300 | ||
| To Deprecation A/c | 24,000 | ||||
| To Salaries A/c | 35,000 | ||||
| To Advertisement A/c | 16,000 | ||||
| To Interest on loan A/c | 2,300 | ||||
| (Being indirect expenses charged to P&L A/c) | |||||
| Mar.31 | Interest on Deposited A/c | Dr. | 1,500 | ||
| Commission received A/c | Dr. | 2,500 | |||
| To Profit & Loss A/c | 3,000 | ||||
| (Being income credited to P&L A/c) | |||||
| Mar.31 | Capital A/c | Dr. | 300 | ||
| To Profit and loss A/c | 300 | ||||
| (Being loss transferred to capital A/c) | |||||
| Mar.31 | Capital A/c | Dr. | 10,000 | ||
| To Drawing A/c | 10,000 | ||||
| (Being drawing transfer to capital A/c) | |||||
Journal Proper | Subsidiary Books | Examples
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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)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
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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
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)