Question No 20 Chapter No 7 – USHA Publication 11 Class

By Shubham Sharma 14 Min Read December 5, 2021

Q-20 - CH-7 - USHA +1 Book 2020 - Solution

Question No 20 Chapter No 7

Table of Contents

The solution of Question No 20 Chapter No 7: –

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

20. Recode the following transactions in the journal of Pranab Mukherjee and post them into Ledger

Date
2018
Apr. 1	Commenced business with cash Rs 6,00,000
Jun. 21	Deposited cash into bank Rs 2,00,000
Jul. 24	Purchased goods costing Rs 80,000 plus 2.5% CGST and SGST in cash
Aug. 18	Sold goods for Rs 50,000 to Indian outside the state at 5% GST
Sep. 16	Purchased furniture costing Rs 32,000 plus, 2.5% CGST and SGST by cheque
Oct. 25	Goods are given as charity Rs 6,000(originally purchased at 2.5% CGST and SGST)
Dec. 15	Paid electricity bill Rs 5,000
2019
Jan. 23	Purchased motorcar for Rs 2,00,000 plus 14% CGST and SGST
Mar. 31	Provide Rs 3,000 depreciation on furniture.

The solution of Question No 20 Chapter No 7: –

Journal

Date	Particulars		L.F.	Debit	Credit
2018
Apr.1	Cash A/c	Dr.		6,00,000
	To Capital A/c				6,00,000
	(Being business started with cash)

Jun.21	Bank A/c	Dr.		2,00,000
	To Cash A/c				2,00,000
	(Being deposited cash into the bank)

Jul.24	Purchases A/c	Dr.		80,000
	Input CGST A/c	Dr.		2,000
	Input SGST A/c	Dr.		2,000
	To Cash A/c				82,000
	(Being bought goods plus 2.5% CGST and SGST)

Aug.18	Cash A/c	Dr.		52,500
	To Cash A/c				50,000
	Output IGST A/c				2,500
	(Being sale goods plus 2.5% CGST and SGST)

Sep.16	Furniture A/c	Dr.		32,000
	Input CGST A/c	Dr.		800
	Input SGST A/c	Dr.		800
	To Bank A/c				31,600
	(Being bought goods plus 2.5% CGST and SGST paid by cheque)

Oct.25	Charity A/c	Dr.		6,300
	To Purchases A/c				6,000
	To Input CGST A/c				150
	To Input SGST A/c				150
	(Being goods donated plus 2.5% CGST and SGST)

Dec.15	Charity A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being paid electricity bill in cash )
2019

Jan.23	Motor Car A/c	Dr.		2,00,000
	Input CGST A/c	Dr.		28,000
	Input SGST A/c	Dr.		28,000
	To Cash A/c				2,56,000
	(Being bought motor car plus 14% CGST and SGST)

Mar.31	Deprecation A/c	Dr.		3,000
	To Furniture A/c				3,000
	(Being charged deprecation on furniture)

Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Apr. 1	To Capital A/c		6,00,000	Jan. 21	By Bank A/c		2,00,000
Aug. 18	To Sale A/c		50,000	Jul. 24	By Purchases A/c		80,000
Aug. 18	To Input IGST A/c		2,500	Jul. 24	By Input CGST A/c		2,000
				Jul. 24	By Input SGST A/c		2,000
				Dec. 15	To Electricity bill A/c		5,000
				Jan. 23	By Motor Car A/c		2,00,000
				Jan. 23	By Input CGST A/c		28,000
				Jan. 23	By Input SGST A/c		28,000
				Mar. 31	By Balance c/d		1,07,500
			6,52,500				6,52,500

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 1	By Cash A/c		6,00,000
Mar. 31	To Balance c/d		6,00,000
			6,00,000				6,00,000

Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jan. 24	To Cash A/c		80,000	Oct. 25	By Charity A/c		6,000
				Mar. 31	By Balance c/d		74,000
			80,000				80,000

Dr.	Sale A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Apr. 10	By Cash A/c		50,000
Mar. 31	To Balance c/d		50,000
			50,000				25,000

Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jun. 21	To Cash A/c		2,00,000	Sep.16	By Furniture A/c		32,000
				Sep.16	By Input CGST A/c		800
				Sep.16	By Input SGST A/c		800
				Mar. 31	By Balance c/d		1,66,400
			2,00,000				2,00,000

Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Sep. 16	To Bank A/c		32,000	Apr. 10	By Depreciation A/c		3,000
				Mar. 31	By Balance c/d		29,000
			32,000				32,000

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Dr.	Charity A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Oct. 25	To Purchases A/c		6,000
Oct. 25	To Input CGST A/c		150
Oct. 25	To Input SGST A/c		150
				Mar. 31	By Balance c/d		6,300
			6,300				6,300

Dr.	Input CGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jul. 24	To Cash A/c		2,000	Apr. 10	By Charity A/c		150
Sep. 16	To Bank A/c		800
Jan. 23	To Cash A/c		28,000
				Mar. 31	By Balance c/d		30,650
			30,800				30,800

Dr.	Input SGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
Jul. 24	To Cash A/c		2,000	Apr. 10	By Charity A/c		150
Sep. 16	To Bank A/c		800
Jan. 23	To Cash A/c		28,000
				Mar. 31	By Balance c/d		30,650
			30,800				30,800

Dr.	Output IGST A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Aug. 18	By Cash A/c		2,500
Mar. 31	To Balance c/d		2,500
			2,500				2,500

Dr.	Electricity bill A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2018				2018
				Dec. 15	By Cash A/c		5,000
Mar. 31	To Balance c/d		5,000
			5,000				5,000

What is Ledger in accounting – explain its Types

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

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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

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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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Shubham Sharma December 23, 2020

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