Question No 20 Chapter No 5 – USHA Publication 11 Class

Question No 20 Chapter No 5

Question No 20 Chapter No 5

20. Journalese the following transaction in the book of Lal Krishan:

2018  
Apr. 1 Purchased goods for Rs 18,000, carriage on purchase Rs 100
Apr. 2 Purchased machinery for Rs 14,500, freight on purchase Rs 500
Apr. 7 Goods sold Rs 12,000, selling commission paid Rs 600
Apr. 8 Furniture costing Rs 15,000 sold for Rs 18,000, brokerage on sale Rs 1,000
Apr. 9 A business vehicle coating Rs 35,000 was sold for Rs 30,000, selling commission paid Rs 900

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The solution of Question No 20 Chapter No 5: –

 

In the Books of Lal Krishan
Date Particulars
L.F. Debit Credit
2018          
Apr.1 Purchases A/c Dr.   8,000  
  Carriage on purchases A/c Dr.   100  
  To Cash A/c       8,100
  (Being goods bought for cash and carriage paid .)      
         
Apr.2 Machinery A/c Dr.   15,000  
  To Cash A/c       15,000
  (Being machinery purchased and freight paid on it .)      
           
Apr.7 Cash A/c Dr.   11,400  
  Commission A/c Dr.   600  
  To Sale A/c     12,000
  (Being goods sold and paid commission)      
         
Apr.8 Cash A/c Dr.   17,000  
  To Furniture A/c     15,000
  To Profit on sale of furniture A/c     2,000
  (Being sale of furniture after paying brokerage of Rs 1,000.)      
         
Apr.9 Cash A/c Dr.   29,100  
  Loss on sale of vehicle A/c Dr.   5,900  
  To Motor vehicle A/c     35,000
  (Being vehicle sold at loss and commission paid Rs 900.)      
         

 

 

How to make Journal Entries in Accounting – Explanation

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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