Question No 11 Chapter No 5
11. Journalese the following transactions in the books of Bajaj:
| Mar. 1 | Commenced business with cash Rs 1,00,000 |
| Mar. 4 | Purchased goods for cash Rs 85,000 |
| Mar. 7 | Sold goods for cash Rs 12,000 |
| Mar. 12 | Sold goods on credit to Ambani Rs 16,000 |
| Mar. 20 | Sold goods Rs 9,000 |
| Mar.22 | Sold goods on credit Rs 14,400 |
| Mar. 24 | Cash sale Rs 7,700 |
The solution of Question No 11 Chapter No 5: –
| In the Books of Sushma | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| Mar.1 | Cash A/c | Dr. | 1,00,000 | ||
| To Capital A/c | 1,00,000 | ||||
| (Being goods purchases for cash .) | |||||
| Mar.4 | Purchases A/c | Dr. | 85,000 | ||
| To Cash A/c | 85,000 | ||||
| (Being goods purchases for cash .) | |||||
| Mar.7 | Cash A/c | Dr. | 16,000 | ||
| To Sale A/c | 16,000 | ||||
| (Being goods Sold for Cash.) | |||||
| Mar.16 | Singhania A/c | Dr. | 13,500 | ||
| To Sale A/c | 13,500 | ||||
| (Being goods Sold on credit) | |||||
| Mar.20 | Cash A/c | Dr. | 9,000 | ||
| To Sale A/c | 9,000 | ||||
| (Being goods Sold on Cash) | |||||
| Mar.22 | Debtors A/c | Dr. | 14,400 | ||
| To Cash A/c | 14,400 | ||||
| (Being goods Sold on credit) | |||||
| Mar.24 | Cash A/c | Dr. | 7,700 | ||
| To Sale A/c | 7,700 | ||||
| (Being goods Sold on Cash) | |||||
How to make Journal Entries in Accounting – Explanation
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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)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
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Chapter No. 12 – Bank Reconciliation Statement
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)