Question No 05 Chapter No 7 – USHA Publication 11 Class

Question No 05 Chapter No 7

Question No 05 Chapter No 7

05. Record the following transaction in the journal of Pratistha, post them into ledger and balance:

2019  
Feb.1 Received Rs 20,000on account of sale of goods Rs 25,000 from Sulekha Rs 5,000 as interest
Feb. 14 Paid Rs 25,000 to Parvesh on account of goods purchased last year, Rs 2,000 p.m. as rent to the landlord for 9 months and interest on loan @6% p.a. on Rs 1,00,000 for 8 months
Feb. 27 Cash is withdrawn from bank Rs 22,800, additional capital introduced Rs 12,200 and borrowed Rs 30,000 from Sugandha

 

The solution of Question No 05 Chapter No 7: –

 
Date Particulars
L.F. Debit Credit
2018          
Feb.1 Purchased A/c Dr.   50,000  
  To Sale A/c       20,000
  To Sulekha A/c       25,000
  To Interest A/c       5,000
  (Being goods sold for cash and received from Sulekha and interest)      
         
Feb.14 Parvesh A/c Dr.   25,000  
  Rent A/c Dr.   18,000  
  Interest on loan A/c Dr.   4,000  
  To Cash A/c     47,000
  (Being cash paid to Parvesh, for rent and interest on the loan)      
         
Feb.27 Cash A/c Dr.   65,000  
  To Bank A/c     22,800
  To Capital A/c     12,200
  To Sugandha’s Loan A/c     30,000
  (Being cash received from bank, proprietor and Sugandha’s loan)      
         

 

Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 1 To Sale A/c   20,000 Feb. 14 By Parvesh A/c   25,000
Feb. 1 To Sulekha A/c   25,000 Feb. 14 By Rent A/c   18,000
Feb. 1 To Interest A/c   5,000 Feb. 14 By Interest on loan A/c   4,000
Feb. 27 To Bank A/c   22,800        
Feb. 27 To Capital A/c   12,800        
Feb. 27 To Sugandha’s loan A/c   30,000        
        Feb. 28 By Balance c/d   68,000
      1,15,000       1,15,000

 

Dr. Sale A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Feb. 1 By Cash A/c   20,000
Feb. 28 To Balance C/d   20,000        
      20,000       20,000

 

Dr. Sulekha A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 28 To Balance C/d   25,000 Feb. 1 By Cash A/c   25,000
      25,000       25,000

 

Dr. Interest A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 28 To Balance C/d   5,000 Feb. 1 By Cash A/c   5,000
      5,000       5,000

 

Dr. Parvesh A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 14 To Cash A/c   25,000        
        Feb. 28 By Balance c/d   25,000
      25,000       25,000

 

Dr. Rent A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 14 To Cash A/c   18,000        
        Feb. 28 By Balance c/d   18,000
      18,000       18,000

 

Dr. Interest on loan A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 14 To Cash A/c   4,000        
        Feb. 14 By Balance C/d   4,000
      4,000       4,000

 

Dr. Bank A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 28 To Balance C/d   22,800 Feb. 27 By Cash A/c   22,800
      22,800       22,800

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 28 To Balance C/d   12,200 Feb. 27 By Cash A/c   12,200
      12,200       12,200

 

Dr. Sugandha’s Loan A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Feb. 28 To Balance C/d   30,000 Feb. 1 By Cash A/c   30,000
      30,000       30,000

 

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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