# Question No 05 Chapter No 7 – USHA Publication 11 Class

Q-05 - CH-7 - USHA +1 Book 2020 - Solution

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p.m. as rent to the landlord for 9 months and interest on loan @6% p.a. on Rs 1,00,000 for 8 months Feb. 27 Cash is withdrawn from bank Rs 22,800, additional capital introduced Rs 12,200 and borrowed Rs 30,000 from Sugandha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 CashA/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 12,200 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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## 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)