Question No 14 Chapter No 5 – USHA Publication 11 Class

Question No 14 Chapter No 5

Question No 14 Chapter No 5

14. Journalese the following transaction in the journal of Ashish :

2017  
Mar. 1 Ashish started the business with cash Rs 1,00,000
Mar. 3 Rent of the residence of a proprietor paid Rs 10,000
Mar. 5 Paid Rs 6,000 to Yogender for commission
Mar. 9 Received Rs 12,000 from Arvind on account
Mar. 11 Received  Rs 7,000 from Kiran for interest 
Mar. 13 Additional capital introduced in the business Rs 50,000
Mar. 19 Withdrew cash Rs 11,000 from the business for personal use. 
Mar. 21 Paid to Gopal on account Rs 9,000

 

The solution of Question No 14 Chapter No 5: –

 

In the Books of Ashish
Date Particulars
L.F. Debit Credit
2017          
Mar.1 Cash A/c Dr.   1,00,000  
  To Capital A/c       1,00,000
  (Being started with cash .)      
         
Mar.3 Drawings A/c Dr.   10,000  
  To Cash A/c       10,000
  (Being Cash withdrawn for personal use.)      
           
Mar.5 Commission A/c Dr.   6,000  
  To Cash A/c     6,000
  (Being commission paid in cash )      
         
Mar.9 Cash A/c Dr.   12,000  
  To Arvind A/c     12,000
  (Being Interest received cash.)      
         
Mar.11 Cash A/c Dr.   7,000  
  To Interest A/c     7,000
  (Being received in cash .)      
         
Mar.13 Cash A/c Dr.   50,000  
  To Capital A/c     50,000
  (Being Additional capital introduced in cash .)      
         
Mar.19 Drawing A/c Dr.   11,000  
  To Cash A/c     11,000
  (Being withdrawn for personal use )      
         
Mar.21 Gopal A/c Dr.   9,000  
  To Cash A/c     9,000
  (Being Cash paid on Gopal.)      
         

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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