Question No 05 Chapter No 5 – USHA Publication 11 Class

Question No 05 Chapter No 5

Question No 05 Chapter No 5

5. Record the following transactions in the book of C.K Prahalad:

Apr-01 Prahalad commenced business with cash Rs 2,40,000
Apr-04 Cash withdraw from the business for personal use Rs 18,500
Apr-10 Additional capital introduced in the business Rs 24,800
Apr-15 Life insurance premium paid RS 11,000
Apr-20 Personal car introduced in the business Rs 4,50,000


The solution of Question No 05 Chapter No 5: –


In the Books of C.K. Prahalad
Date   Particulars
L.F. Debit Credit
Apr.1 Cash A/c Dr.   2,40,000  
  To Capital A/c       2,40,000
  (Being business Started with cash.)      
Apr.4 Drawings A/c Dr.   18,500  
  To Cash A/c       18,500
  (Being Cash withdrawn for personal use)      
Apr.10 Cash A/c Dr.   24,800  
  To Capital A/c     24,800
  (Being additional capital introduced)      
Apr.15 Drawings A/c Dr.   11,000  
  To Cash A/c     11,000
  (Being life insurance premium paid)      
Apr.20 Car A/c Dr.   18,500  
  To Capital A/c     18,500
  (Being personal car introduced into the business)      


How to make Journal Entries in Accounting – Explanation

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)



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