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Question No 09 Chapter No 7 – USHA Publication 11 Class

Question No 09 Chapter No 7
Q-09 - CH-7 - USHA +1 Book 2020 - Solution

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Question No 09 Chapter No 7

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09. From the information given below:
(a) Prepare the account of Mr Small as it would appear in the books of Mr Big.

2019   Rs
Mar. 1 Debit balance brought forward 3,000
Mar. 7 Mr Small made credit purchases from Mr Big  1,500
Mar. 12 Mr Small returned defective goods 150
Mar. 15 Mr Small paid on account 3,000
Mar. 30 Mr Small repaid the roof of Mr Big’s premises and agrees to adjust the value of this work in his account Rs 530

(b) What does the balance of the account at the end of the months mean?

The solution of Question No 09 Chapter No 7: –

Dr. Books of Big
Small’s A/c
Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2019       2019      
Mar. 1 To Balance b/d   3,000 Mar. 12 By Return inwards A/c   150
Mar. 7 To Sale A/c   1,500 Mar. 15 By Cash A/c   3,000
        Mar. 30 By Repair A/c   530
        Apr. 30 By Balance c/d   820
      4,500       4,500

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(b) The debit balance of Rs 820 in the account of Mr Small indicates that he is indebted to Big

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

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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

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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

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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

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Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

 

 

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