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Question No 15 Chapter No 7 – USHA Publication 11 Class

Question No 15 Chapter No 7
Q-15 - CH-7 - USHA +1 Book 2020 - Solution

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Question No 15 Chapter No 7

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15. Are the following journal entries correctly made? If not, give correct entries and post them into respective accounts.

   DrCr
(a)Wages A/cDr.300 
 To Hari  300
 (Being wages paid to Hari)   
(b)Cash A/cDr.9,000 
 To Sweta  9,000
 (Being cash received from Upkar on behalf of Poonam)   
(c)Cash A/cDr.7,000 
 To Upkar’s a/c  7,000
 (Being cash received from upkar on behalf of Poonam)   
(d)Purchases A/cDr.1,000 
 To cash A/c  1,000
 (Being stationery purchased for cash)   
(e)Davinder A/cDr.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/cDr.150 
 To sale A/c  150
 (Being old newspapers sold)   

 

The solution of Question No 15 Chapter No 7: –

Journal

DateParticulars
L.F.DebitCredit
      
(a)Wages A/cDr. 300 
 To Cash A/c   300
 (Being wages paid to Hari)   
     
(b)Cash A/cDr. 9,000 
 To Commission A/c  9,000
 (Being commission received from Sweta)   
     
(c)Cash A/cDr. 7,000 
 To Poonam A/c  7,000
 (Being cash received from upkar on behalf of Poonam)   
     
(d)Stationery A/cDr. 1,000 
 To Cash A/c  1,000
 (Being stationery purchased for cash)   
     
(e)Davinder A/cDr. 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/cDr. 150 
 To Miscellaneous Receipts A/c  150
 (Being old newspapers sold)   
     

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Dr.Wages A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
(a)To Cash A/c 300    
   300    

 

Dr.Commission A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
    (b)By Cash A/c 9,000
       9,000

 

Dr.Poonam A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
    (c)By Cash A/c 7,000
 To Balance c/d 7,000    
   7,000   7,000

 

Dr.Stationery A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
(d)To Cash A/c 1,000    
   1,000    

 

Dr.Cash A/cCr.
DateParticulars
J.F.AmountDateParticulars
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/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
(e)To Sale c/d 1,800    
     By Balance c/d 1,800
   1,800   1,800

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Dr.Sales A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
    (e)By Davinder A/c 1,800
       1,800

 

Dr.Miscellaneous Receipts A/cCr.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
        
    (f)By Cash A/c 150
       150

 

 

What is Ledger in accounting – explain its Types

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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

Chapter No. 4 – Vouchers and transactions

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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

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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 

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

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

 

 

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