Advertisement

Question No 14 Chapter No 7 – USHA Publication 11 Class

Question No 14 Chapter No 7
Q-14 - CH-7 - USHA +1 Book 2020 - Solution

Advertisement

Advertisement

Question No 14 Chapter No 7

14. From the following particulars, prepare the proprietor’s capital

2018 Rs
Apr. 1Started business with 45,000
May. 10Withdrawn from the bank for personal use10,000
Jul. 15Further capital introduced 55,000
Aug. 20Goods are withdrawn for personal use4,000
Sep. 21Life insurance premium paid 5,000
Nov. 24Income tax paid12,000
2019  
Mar. 31Profit for the year 36,000

The solution of Question No 14 Chapter No 7: –

Dr.Capital A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018   2018   
Mar. 10To Drawings A/c 10,000Apr. 1By Cash A/c 45,000
Aug. 20To Drawing of goods A/c 4,000Jul. 1By Cash A/c 55,000
Sep. 21To Drawing A/c 5,0002019   
 To Drawing A/c 12000Mar. 31By Profit & loss A/c 36,000
2019       
Mar. 31To Balance b/d 1,05,000    
   1,36,000   1,36,000

 

What is Ledger in accounting – explain its Types

Advertisement-X

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

Advertisement-X

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

Advertisement-X

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

Advertisement-X

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

 

 

Advertisement

Advertisement

error: Content is protected !!