
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 – Explained with Example
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)