Question No 07 Chapter No 7 – USHA Publication 11 Class

Question No 07 Chapter No 7

Question No 07 Chapter No 7

07. On 1st April 2017 the position of Amrinder Singh was as follow

  Rs   Rs
Capital 25,500 Stock 10,100
Bills Payable 2,500 Machinery 10,000
Mrs A’s Loan 4,500 Furniture 1,000
    Bank 4,400
    Bills receivable 2,000
    Patent right 5,000

 

The solution of Question No 07 Chapter No 7: –

 
Date Particulars
L.F. Debit Credit
2018          
Apr.1 Stock A/c Dr.   10,100  
  Machinery A/c Dr.   10,000  
  Furniture A/c Dr.   1,000  
  Bank A/c Dr.   4,400  
  Bills receivable A/c Dr.   2,000  
  Building A/c Dr.   25,000  
  To Mrs A’s Loan A/c       4,500
  To Bills Payable A/c       2,500
  To Capital A/c       45,500
  (Being the opening assets and liabilities brought into account)      
         

 

Dr. Stock A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   10,100        
      10,100        

 

Dr. Machinery A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   10,000        
      10,000        

 

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

 

Dr. Bills Receivable A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   2,000        
      2,000        

 

Dr. Building A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Balance b/d   25,000        
               
      25,000        

 

Dr. Mrs A’s Loan A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   4,500
               
              4,500

 

Dr. Bills Payable A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   2,500
               
              2,500

 

Dr. Capital A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 1 By Balance b/d   45,500
              45,500

 

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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