Question No 18 Chapter No 7
18. Journalese the following transaction, post them in the ledger and extract balances:
| Date | Particular |
| 2019 | |
| Jan. 1 | Purshottam commenced business with cash Rs 80,000 and furniture Rs 30,000 |
| Jan. 10 | Deposited cash into bank Rs 18,000 |
| Jan. 18 | Purchased goods on credit from Dina Pathak Rs 25,000 |
| Feb. 16 | Cash paid to Dina Pathak Rs 16,600 and discount earned Rs400 |
| Mar. 24 | Purchased stationery from Supriya Rs 6,500 |
| Mar. 30 | Rent paid to Supriya Rs 9,000 |
The solution of Question No 18 Chapter No 7: –
Journal
| Date | Particulars |
L.F. | Debit | Credit | |
| 2019 | |||||
| Jan.1 | Cash A/c | Dr. | 80,000 | ||
| Furniture A/c | Dr. | 30,000 | |||
| To Capital A/c | 1,10,000 | ||||
| (Being business started with cash and furniture) | |||||
| Jan.10 | Bank A/c | Dr. | 18,000 | ||
| To Cash A/c | 18,000 | ||||
| (Being cash deposited into the bank ) | |||||
| Jan.18 | Purchases A/c | Dr. | 25,000 | ||
| To Dina Pathak A/c | 25,000 | ||||
| (Being bought goods from Dina Pathak) | |||||
| Feb.16 | Dina Pathak A/c | Dr. | 17,000 | ||
| To Cash A/c | 16,600 | ||||
| To Discount received A/c | 400 | ||||
| (Being cash paid to Dina Pathak and discount received) | |||||
| Mar.24 | Stationery A/c | Dr. | 6,500 | ||
| To Supriya A/c | 6,500 | ||||
| (Being stationery purchased from Supriya) | |||||
| Mar.30 | Rent A/c | Dr. | 9,000 | ||
| To Cash A/c | 9,000 | ||||
| (Being rent paid by cash) | |||||
| Dr. | Cash A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 1 | To Capital A/c | 80,000 | Jan. 10 | By Bank A/c | 18,000 | ||
| Jan. 16 | By Dina Pathak A/c | 16,600 | |||||
| Mar. 30 | By Rent A/c | 9,000 | |||||
| Mar. 31 | By Balance c/d | 37,000 | |||||
| 80,000 | 80,000 | ||||||
| Dr. | Capital A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 1 | By Cash A/c | 80,000 | |||||
| Jan. 1 | By Furniture A/c | 30,000 | |||||
| Mar. 31 | To Balance c/d | 1,10,000 | |||||
| 1,10,000 | 1,10,000 | ||||||
| Dr. | Furniture A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 1 | To Capital A/c | 30,000 | Mar. 31 | By Balance c/d | 30,000 | ||
| 30,000 | 30,000 | ||||||
| Dr. | Bank A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 10 | To Cash A/c | 18,000 | |||||
| Mar. 31 | By Balance c/d | 18,000 | |||||
| 18,000 | 18,000 | ||||||
| Dr. | Discount received A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Mar. 31 | To balance c/d | 400 | Jan. 4 | By Dina Pathak A/c | 400 | ||
| 400 | 400 | ||||||
| Dr. | Purchases A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 18 | To Dina Pathak A/c | 25,000 | |||||
| Mar. 31 | By Balance c/d | 25,000 | |||||
| 25,000 | 25,000 | ||||||
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| Dr. | Stationery A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 24 | To Supriya A/c | 6,500 | |||||
| Mar. 31 | By Balance c/d | 6,500 | |||||
| 6,500 | 6,500 | ||||||
| Dr. | Dina Pathak A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Jan. 16 | To Cash A/c | 16,400 | Jan. 18 | By Purchases A/c | 25,000 | ||
| Jan. 16 | To Discount A/c | 600 | |||||
| Mar. 31 | To balance c/d | 8,000 | |||||
| 25,000 | 25,000 | ||||||
| Dr. | Supriya A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Mar. 31 | To balance c/d | 6,500 | Jan. 4 | By Stationary A/c | 6,500 | ||
| 6,500 | 6,500 | ||||||
| Dr. | Rent A/c | Cr. | |||||
| Date | Particulars |
J.F. | Amount | Date | Particulars |
J.F. | Amount |
| 2019 | 2019 | ||||||
| Mar. 30 | To Cash A/c | 9,000 | |||||
| 9,000 | |||||||
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
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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
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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)