Question No 12 Chapter No 5
12.Journalise the following transaction in the book of Ram Dass & Sons :
| 2014 | RS | |
| Jan. 1 | Cash purchases | 10,000 |
| Jan. 2 | Goods purchased from Sham & sons on credit | 8,000 |
| Jan. 2 | Cash sale | 6,000 |
| Jan. 3 | Salary paid | 2,000 |
| Jan. 4 | Rent received | 1,000 |
| Jan.5 | Machinery purchased for cash | 50,000 |
| Jan. 6 | Furniture purchased from S.K Trading Co. on credit | 8,500 |
| Jan.8 | Cash paid to sham and Sons | 8,000 |
| Jan.9 | Goods sold on credit to Rahul | 10,000 |
The solution of Question No 12 Chapter No 5: –
| In the Books of Ram Dass & Sons | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2014 | |||||
| Jan.1 | Purchases A/c | Dr. | 10,000 | ||
| To CashA/c | 10,000 | ||||
| (Being goods purchases on Cash.) | |||||
| Jan.2 | Purchases A/c | Dr. | 8,000 | ||
| To Sham & Sons A/c | 8,000 | ||||
| (Being goods purchases for Credit .) | |||||
| Jan.2 | Cash A/c | Dr. | 6,000 | ||
| To Sale A/c | 6,000 | ||||
| (Being goods Sold for Cash.) | |||||
| Jan.3 | Salary A/c | Dr. | 2,000 | ||
| To CashA/c | 2,000 | ||||
| (Being salary paid in cash.) | |||||
| Jan.4 | Cash A/c | Dr. | 1,000 | ||
| To Rent A/c | 1,000 | ||||
| (Being rent received in cash) | |||||
| Jan.5 | Machinery A/c | Dr. | 50,000 | ||
| To Cash A/c | 50,000 | ||||
| (Being machinery purchases for cash) | |||||
| Jan.6 | Furniture A/c | Dr. | 8,500 | ||
| To S.K. Trading Co. A/c | 8,500 | ||||
| (Being goods Sold on credit) | |||||
| Jan.8 | Sham & Sons A/c | Dr. | 8,000 | ||
| To Cash A/c | 8,000 | ||||
| (Being paid cash to Sham & Sons ) | |||||
| Jan.9 | Rahul A/c | Dr. | 10,000 | ||
| To Sale A/c | 10,000 | ||||
| (Being goods sold to Rahul) | |||||
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: –
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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
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Chapter No. 11 – Trial Balance
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)
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