# Question No 20 Chapter No 7 – USHA Publication 11 Class

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

Question No 20 Chapter No 7

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

 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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## 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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