Question No 18 Chapter No 7 – USHA Publication 11 Class

Question No 18 Chapter No 7

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: –

Date Particulars
L.F. Debit Credit
2018          
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
2018       2018      
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
2018       2018      
        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
2018       2018      
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
2018       2018      
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
2018       2018      
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
2018       2018      
Jan. 18 To Dina Pathak A/c   25,000        
        Mar. 31 By Balance c/d   25,000
      25,000       25,000

 

Dr. Stationery A/c Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018       2018      
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
2018       2018      
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
2018       2018      
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
2018       2018      
Mar. 30 To Cash A/c   9,000        
      9,000        

 

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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