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Question No 10 Chapter No 5 – USHA Publication 11 Class

Question No 10 Chapter No 5
Q-10 - CH-5 - USHA +1 Book 2020 - Solution

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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. 1Started business with cash RS 40,000
Apr. 4 Purchased goods for cash Rs 6,200
Apr. 7Purchased goods from Gurpreet on credit Rs 3,800
Apr. 8Sold goods for cash Rs 5,500
Apr. 9Sold goods on credit to Harpreet Rs 3,200
Apr.12Purchased goods for Rs 9,000
Apr. 16Purchased goods from Jai Bhagwan Rs 4,500
Apr. 21Purchased goods on credit Rs 4,200

 

The solution of Question No 10 Chapter No 5: –

 

In the Books of Sushma
DateParticulars
L.F.DebitCredit
Apr.1Cash A/cDr. 40,000 
 To Capital A/c   40,000
 (Being goods purchases for cash .)   
     
Apr.4Purchases A/cDr. 6,200 
 To Cash A/c   6,200
 (Being goods purchases for cash .)   
      
Apr.7Purchases A/cDr. 3,800 
 To Gurpreet A/c  3,800
 (Being goods purchases on credit)   
     
Apr.8Cash A/cDr. 5,500 
 To Sale A/c  5,500
 (Being goods Sold for cash .)   
     
Apr.9Harpreet A/cDr. 3,200 
 To Sale A/c  3,200
 (Being goods Sold on credit)   
     
Apr.12Purchases A/cDr. 9,000 
 To Cash A/c  9,000
 (Being goods purchases on Cash)   
     
Apr.16Purchases A/cDr. 4,500 
 To Jai Bhagwan A/c  4,500
 (Being goods purchases on credit)   
     
Apr.21Purchases A/cDr. 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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Comment if you have any question.

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

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

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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

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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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