Question No 08 Chapter No 7 – USHA Publication 11 Class

Question No 08 Chapter No 7

Question No 08 Chapter No 7

08. Journalese the following transactions, post them into the ledger and make the balancing of ledger account:

Apr. 1 Ravi commenced business with cash Rs 80,000
Apr. 6 Purchased furniture for Rs 12,000
Apr. 10 Purchased goods on credit from Dalip Rs 16,600
Apr. 12 Rent paid in cash Rs 1,800
Apr. 15 Goods sold for the cash Rs 10,000

 

The solution of Question No 08 Chapter No 7: –

 
Date Particulars
L.F. Debit Credit
2018          
Apr.1 Cash A/c Dr.   80,000  
  To Capital A/c       80,000
  (Being business started with cash)      
         
Apr.6 Furniture A/c Dr.   12,000  
  To Cash A/c     12,000
  (Being furniture purchased for cash)      
         
Apr.10 Purchases A/c Dr.   16,600  
  To Dalip A/c     16,600
  (Being bought goods from Dalip)      
         
Apr.12 Rent A/c Dr.   1,800  
  To Cash A/c     1,800
  (Being rent paid in cash)      
         
Apr.15 Cash A/c Dr.   10,000  
  To Sale A/c     10,000
  (Being sold goods for cash)      
         

 

Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 1 To Capital A/c   80,000 Apr. 6 By Furniture A/c   12,000
Apr. 15 To Sale A/c   10,000 Apr. 12 By Rent A/c   1,800
        Apr. 30 By Balance c/d   76,200
      90,000       90,000

 

Dr. Capital A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 30 To Balance c/d   80,000 Apr. 1 By Cash A/c   80,000
      80,000       80,000

 

Dr. Furniture A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 6 To Cash A/c   12,000 Apr. 30 By Balance c/d   12,000
      12,000       12,000

 

Dr. Purchases A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 10 To Cash A/c   16,600 Apr. 30 By Balance c/d   16,600
      16,600       16,600

 

Dr. Dalip A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 30 To Balance c/d   16,600 Apr. 30 By Purchases A/c   16,600
      16,600       16,600

 

Dr. Rent A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Apr. 12 To Cash A/c   1,800 Apr. 30 By Balance c/d   1,800
               
      1,800       1,800

 

Dr. Sale A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        Apr. 15 By Cash A/c   10,000
Apr. 30 To Balance c/d   10,000        
      10,000       10,000

 

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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