Question No 08 Chapter No 10 - USHA Publication 11 Class

Question No 08 Chapter No 10

Table of Contents

The solution of Question No 08 Chapter No 10: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Adjustment Entries

8. Pass the journal entries for the following in the book of Sunaina:
(i) Purchased machinery for Rs 30,000 from Sehgal stores on credit
(ii) Goods worth Rs 7,000 destroyed by fire. Insurance company admitted the claim for Rs 5,000
(iii) Sunaina withdrew goods for personal use Rs 1,200
(iv) Sold furniture worth Rs 2,500 sold on credit to Kirti for Rs 2,800
(v) Bad debts written off during the year Rs 1,000
(vi) Stationary purchased on credit from Dalip Rs 700

The solution of Question No 08 Chapter No 10: –

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In the Books of
Date	Particulars		L.F.	Debit	Credit
2019
(i)	Machinery A/c	Dr.		30,000
	To Sehgal Stores A/c				30,000
	(Being purchases of machinery on credit )

(ii)	Insurance company A/c	Dr.		5,000
	Loss by fire A/c	Dr.		2,000
	To Purchases A/c				7,000
	(Being goods destroyed by fire admitted by an insurance company)

(iii)	Drawing A/c	Dr.		1,200
	To Purchases A/c				1,200
	(Being goods are withdrawn for personal use)

(iv)	Kirti A/c	Dr.		2,800
	To Furniture A/c				2,500
	To Profit on sale of Furniture A/c				300
	(Being interest on investment accrued)

(v)	Bad debts A/c	Dr.		1,000
	To Debtors A/c				1,000
	(Being debtor has written off)

(vi)	Stationery A/c	Dr.		700
	To Delip A/c				700
	(Being stationery purchased on credit )