Question No 15 Chapter No 7
15. Are the following journal entries correctly made? If not, give correct entries and post them into respective accounts.
| Dr | Cr | |||
| (a) | Wages A/c | Dr. | 300 | |
| To Hari | 300 | |||
| (Being wages paid to Hari) | ||||
| (b) | Cash A/c | Dr. | 9,000 | |
| To Sweta | 9,000 | |||
| (Being cash received from Upkar on behalf of Poonam) | ||||
| (c) | Cash A/c | Dr. | 7,000 | |
| To Upkar’s a/c | 7,000 | |||
| (Being cash received from upkar on behalf of Poonam) | ||||
| (d) | Purchases A/c | Dr. | 1,000 | |
| To cash A/c | 1,000 | |||
| (Being stationery purchased for cash) | ||||
| (e) | Davinder A/c | Dr. | 2,000 | |
| To sale A/c | 1,800 | |||
| To Trade discount A/c | 200 | |||
| (Being goods sold to Davinder for Rs 2,000 gross at 10% trade discount | ||||
| (f) | Cash A/c | Dr. | 150 | |
| To sale A/c | 150 | |||
| (Being old newspapers sold) |
The solution of Question No 15 Chapter No 7: –
Journal
| Date | Particulars |
L.F. | Debit | Credit | |
| (a) | Wages A/c | Dr. | 300 | ||
| To Cash A/c | 300 | ||||
| (Being wages paid to Hari) | |||||
| (b) | Cash A/c | Dr. | 9,000 | ||
| To Commission A/c | 9,000 | ||||
| (Being commission received from Sweta) | |||||
| (c) | Cash A/c | Dr. | 7,000 | ||
| To Poonam A/c | 7,000 | ||||
| (Being cash received from upkar on behalf of Poonam) | |||||
| (d) | Stationery A/c | Dr. | 1,000 | ||
| To Cash A/c | 1,000 | ||||
| (Being stationery purchased for cash) | |||||
| (e) | Davinder A/c | Dr. | 1,800 | ||
| To Sale A/c | 1,800 | ||||
| (Being goods sold to Davinder for Rs 2,000 gross at 10% trade discount | |||||
| (f) | Cash A/c | Dr. | 150 | ||
| To Miscellaneous Receipts A/c | 150 | ||||
| (Being old newspapers sold) | |||||
| Dr. | Wages A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (a) | To Cash A/c | 300 | |||||
| 300 | |||||||
| Dr. | Commission A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (b) | By Cash A/c | 9,000 | |||||
| 9,000 | |||||||
| Dr. | Poonam A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (c) | By Cash A/c | 7,000 | |||||
| To Balance c/d | 7,000 | ||||||
| 7,000 | 7,000 | ||||||
| Dr. | Stationery A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (d) | To Cash A/c | 1,000 | |||||
| 1,000 | |||||||
| Dr. | Cash A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (b) | To Commission A/c | 9,000 | (a) | By Wages A/c | 300 | ||
| (c) | To Poonam A/c | 7,000 | (d) | By Stationery A/c | 1,000 | ||
| (e) | To Miscellaneous Receipts A/c | 150 | |||||
| By Balance c/d | 14,850 | ||||||
| 16,150 | 16,150 | ||||||
| Dr. | Davinder A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (e) | To Sale c/d | 1,800 | |||||
| By Balance c/d | 1,800 | ||||||
| 1,800 | 1,800 | ||||||
| Dr. | Sales A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (e) | By Davinder A/c | 1,800 | |||||
| 1,800 | |||||||
| Dr. | Miscellaneous Receipts A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| (f) | By Cash A/c | 150 | |||||
| 150 | |||||||
What is Ledger in accounting – explain its Types
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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
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)