Question No 11 Chapter No 5

Question No 11 Chapter No 5

11. Journalise the following transactions

2018 Rs
Jan.1Paid into the bank for opening a Current Account10,000
Jan.3Goods sold for 50,000 and the amount was deposited into the bank 
Jan.7Amount is withdrawn from the bank20,000
Jan.10Goods sold for Cash15,000
Jan.12Amount deposited into bank12,000
Jan.14Goods purchased and payment made by cheque.25,000


The solution of Question No 11 Chapter No 5: –

In the Books of Hari Shankar & Co
Jan.1Bank A/cDr. 10,000 
 To Cash A/c   10,000
 (Being Payment made to open current account.)   
Jan.3Bank A/cDr. 50,000 
 To Bank A/c   50,000
 (Being Goods sold and amount deposited into bank)   
Jan.7Cash A/cDr. 20,000 
 To Bank A/c  20,000
 (Being Cash withdrawn from Bank)   
Jan.10Cash A/cDr. 15,000 
 To Sales A/c  15,000
 (Being Goods sold for cash)   
Jan.12Bank A/cDr. 12,000 
 To Cash A/c  12,000
 (Being Cash deposited into the bank.)   
Jan.14Purchases A/cDr. 25,000 
 To Bank A/c  25,000
 (Being Goods purchased and payment made by cheque)   



Financial Accounting – Introduction and its Functions

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Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Chapter 1 Evolution of Accounting & Basic Accounting Terms

Chapter 2 Accounting Equations

Chapter 3 Meaning and Objectives of Accounting

Chapter 4 Double Entry System

Chapter 5 Books of Original Entry – Journal 

Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)

Chapter 7 Books of Original Entry – Cash Book (Coming soon)

Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)

Chapter 9 Ledger (Coming soon)

Chapter 10 Trial Balance and Errors (Coming soon)

Chapter 11 Bank Reconciliation Statement (Coming soon)

Chapter 12 Depreciation (Coming soon)

Chapter 13 Bills of Exchange (Coming soon)

Chapter 14 Generally Accepted Accounting Principles(GAAP) 

Chapter 15 Bases of Accounting

Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)

Chapter 17 Capital and Revenue 

Chapter 18 Provisions and Reserves 

Chapter 19 Final Accounts (Coming soon)

Chapter 20 Final Accounts – With Adjustments (Coming soon)

Chapter 21 Errors and their Rectification (Coming soon)

Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)

Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)

Chapter 24 Computerised Accounting System (Coming soon)

Chapter 25 Introduction to Accounting Information System (Coming soon)


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