Question No 12 Chapter No 5 – USHA Publication 11 Class

Question No 12 Chapter No 5

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: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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)

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

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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