Question No 06 Chapter No 7 – USHA Publication 11 Class

Question No 06 Chapter No 7

Question No 06 Chapter No 7

06. Dalbir had the following assets and liabilities as on 1st April 2015:

Stock Rs 3,000; Sundry debtors Rs 15,800; Furniture Rs 1,500; Bills receivable Rs 800; cash Rs 645; Bills payable Rs 760; Bank overdraft Rs 3,250 and Sundry creditors Rs 6,735. pass the necessary opening entry and post the same in the ledger.

 

The solution of Question No 06 Chapter No 7: –

 
Date Particulars
L.F. Debit Credit
2018          
Apr.1 Cash A/c Dr.   645  
  Bills receivable A/c Dr.   800  
  Sundry debtors A/c Dr.   15,800  
  Furniture A/c Dr.   1,500  
  Stock A/c Dr.   3,000  
  To Bill payable A/c       760
  To Bank overdraft A/c       3,250
  To Sundry Creditor A/c       6,735
  To Capital A/c       11,000
  (Being opening balance of various assets and liabilities brought into account)      
         

 

Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   645        
      645        

 

Dr. Bills receivable A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   800        
      800        

 

Dr. Sundry Debtors A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   15,800        
      15,800        

 

Dr. Furniture A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   1,500        
      1,500        

 

Dr. Stock A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   3,000        
               
      3,000        

 

Dr. Bills payable A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   760
               
              760

 

Dr. Bank Overdraft A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   3,250
               
              3,250

 

Dr. Sundry Creditor A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   6,735
              6,735

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   11,000
              11,000

 

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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