Question No 10 Chapter No 7 – USHA Publication 11 Class

Question No 10 Chapter No 7

Question No 10 Chapter No 7

10. From the following information, prepare Somesh’s Account, balance it and explain what does the closing balance indicate?

2018   Rs
Jan. 1 Opening Balance (Dr) 12,300
Jan. 10 Sold goods to him 67,000
Jan. 15 Received cash from him 30,000
Jan. 20 He returned goods 50,000
Jan. 23 Purchased furniture from him 90,000
Jan.29 Paid by cheque 60,000

 

The solution of Question No 10 Chapter No 7: –

 

Dr.   Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
Jan. 1 To Balance b/d   12,300 Jan. 15 By Cash A/c   30,000
Jan. 10 To Sale A/c   67,000 Jan. 20 By Cash A/c   5,000
Jan. 10 To Sale A/c   60,000 Jan. 23 By Repair A/c   90,000
        Jan. 30 By Balance c/d   14,300
      1,39,300       1,39,300

 

What is Ledger – Explained with Example

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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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