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Question No 20 Chapter No 5 – USHA Publication 11 Class

Question No 20 Chapter No 5
Q-20 - CH-5 - USHA +1 Book 2020 - Solution

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Question No 20 Chapter No 5

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

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

 

The solution of Question No 20 Chapter No 5: –

 

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

 

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How to make Journal Entries in Accounting – Explanation

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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

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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

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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

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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)

 

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