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Question No 06 Chapter No 7 – USHA Publication 11 Class

Question No 06 Chapter No 7
Q-06 - CH-7 - USHA +1 Book 2020 - Solution

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Question No 06 Chapter No 7

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06. Dalbir had the following assets and liabilities as on 1st April 2019:

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: –

 
DateParticulars
L.F.DebitCredit
2019     
Apr.1Cash A/cDr. 645 
 Bills receivable A/cDr. 800 
 Sundry debtors A/cDr. 15,800 
 Furniture A/cDr. 1,500 
 Stock A/cDr. 3,000 
 To Bill payable A/c   760
 To Bank 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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
Apr. 1To Balance b/d 645    
   645    

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Dr.Bills receivable A/c
Cr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
Apr. 1To Balance b/d 800    
   800    

 

Dr.Sundry Debtors A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
Apr. 1To Balance b/d 15,800    
   15,800    

 

Dr.Furniture A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
Apr. 1To Balance b/d 1,500    
   1,500    

 

Dr.Stock A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
Apr. 1To Balance b/d 3,000    
        
   3,000    

 

Dr.Bills payable A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
    Apr. 1By Balance b/d 760
        
       760

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Dr.Bank A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
    Apr. 1By Balance b/d 3,250
        
       3,250

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Dr.Sundry Creditor A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
    Apr. 1By Balance b/d 6,735
       6,735

 

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2019   2019   
    Apr. 1By 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

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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

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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)

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Chapter No. 18 – Financial Statements – (With Adjustments)

 

 

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