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Question No 08 Chapter No 7
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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 | |
| 2019 | |||||
| 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 |
| 2019 | 2019 | ||||||
| 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 |
| 2019 | 2019 | ||||||
| Apr. 30 | To Balance c/d | 80,000 | Apr. 1 | By Cash A/c | 80,000 | ||
| 80,000 | 80,000 | ||||||
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| Dr. | Furniture A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2019 | 2019 | ||||||
| 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 |
| 2019 | 2019 | ||||||
| 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 |
| 2019 | 2019 | ||||||
| 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 |
| 2019 | 2019 | ||||||
| Apr. 12 | To Cash A/c | 1,800 | Apr. 30 | By Balance c/d | 1,800 | ||
| 1,800 | 1,800 | ||||||
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| Dr. | Sale A/c | Cr. | |||||
| Date | Particulars | J.F. | Amount | Date | Particulars | J.F. | Amount |
| 2019 | 2019 | ||||||
| Apr. 15 | By Cash A/c | 10,000 | |||||
| Apr. 30 | To Balance c/d | 10,000 | |||||
| 10,000 | 10,000 | ||||||
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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. 2 – Theory Base of Accounting
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Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
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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)