Question No 15 Chapter No 7 – USHA Publication 11 Class

Question No 15 Chapter No 7

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: –

 

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
2018       2018      
(a) To Cash A/c   300        
      300        

 

Dr. Commission A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        (b) By Cash A/c   9,000
              9,000

 

Dr. Poonam A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        (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
2018       2018      
(d) To Cash A/c   1,000        
      1,000        

 

Dr. Cash A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
(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
2018       2018      
(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
2018       2018      
        (c) By Davinder A/c   1,800
              1,800

 

Dr. Miscellaneous Receipts A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
        (f) By Cash A/c   150
              150

 

 

What is Ledger in accounting – explain its Types

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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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