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Question No 10 Chapter No 5
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10. Journalese the following transaction in the books of Gangan Narang:
| Apr. 1 | Started business with cash RS 40,000 |
| Apr. 4 | Purchased goods for cash Rs 6,200 |
| Apr. 7 | Purchased goods from Gurpreet on credit Rs 3,800 |
| Apr. 8 | Sold goods for cash Rs 5,500 |
| Apr. 9 | Sold goods on credit to Harpreet Rs 3,200 |
| Apr.12 | Purchased goods for Rs 9,000 |
| Apr. 16 | Purchased goods from Jai Bhagwan Rs 4,500 |
| Apr. 21 | Purchased goods on credit Rs 4,200 |
The solution of Question No 10 Chapter No 5: –
| In the Books of Sushma | |||||
| Date | Particulars | L.F. | Debit | Credit | |
| Apr.1 | Cash A/c | Dr. | 40,000 | ||
| To Capital A/c | 40,000 | ||||
| (Being goods purchases for cash .) | |||||
| Apr.4 | Purchases A/c | Dr. | 6,200 | ||
| To Cash A/c | 6,200 | ||||
| (Being goods purchases for cash .) | |||||
| Apr.7 | Purchases A/c | Dr. | 3,800 | ||
| To Gurpreet A/c | 3,800 | ||||
| (Being goods purchases on credit) | |||||
| Apr.8 | Cash A/c | Dr. | 5,500 | ||
| To Sale A/c | 5,500 | ||||
| (Being goods Sold for cash .) | |||||
| Apr.9 | Harpreet A/c | Dr. | 3,200 | ||
| To Sale A/c | 3,200 | ||||
| (Being goods Sold on credit) | |||||
| Apr.12 | Purchases A/c | Dr. | 9,000 | ||
| To Cash A/c | 9,000 | ||||
| (Being goods purchases on Cash) | |||||
| Apr.16 | Purchases A/c | Dr. | 4,500 | ||
| To Jai Bhagwan A/c | 4,500 | ||||
| (Being goods purchases on credit) | |||||
| Apr.21 | Purchases A/c | Dr. | 4,200 | ||
| To Creditor A/c | 4,200 | ||||
| (Being goods purchases on credit) | |||||
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To understand more about Journal please check out following links: –
How to make Journal Entries in Accounting – Explanation
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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. 2 – Theory Base of Accounting
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
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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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