Question No 06 Chapter No 10 – USHA Publication 11 Class

Question No 06 Chapter No 10

Question No 06 Chapter No 10

Adjustment Entries

6. From the following, information pass the necessary adjustment entries in the journal proper:(a) Prepaid insurance Rs 1,2000(b) Commission received in advance Rs 1,500
(c) Provide interest on capital Rs 700
(d) Interest accrued on investment Rs 400
(e) Deprecate furniture Rs 800
(f) Provide interest on loan @ 8% on Rs 15,000

 

The solution of Question No 06 Chapter No 10: –

 

In the Books of 
Date Particulars
L.F. Debit Credit
2019          
(a) Prepaid Insurance A/c Dr.   1,200  
  To Insurance A/c       1,200
  (Being Insurance of next year paid in the current year)      
         
(b) Commission A/c Dr.   1,500  
  To Commission received in Adv A/c     1,500
  (Being commission of next year received in the current year)      
         
(c) Interest on capital A/c Dr.   700  
  To Capital A/c     700
  (Being interest on capital made due in the book)      
         
(d) Interest Accrued A/c Dr.   400  
  To Interest A/c     400
  (Being interest on investment accrued)      
         
(e) Depreciation A/c Dr.   800  
  To Furniture A/c     800
  (Being depreciation on furniture charged in the books)      
         
(f) Interest on Loan A/c Dr.   1,200  
  To Interest due A/c     1,200
  (Being interest on loan provide @ 8% on Rs 15,000)      
         
         

 

Journal Proper | Subsidiary Books | Examples

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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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