Question No 10 Chapter No 5 – USHA Publication 11 Class

Question No 10 Chapter No 5

Question No 10 Chapter No 5

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)      
         

 

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: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

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