Question No 21 Chapter No 5 - USHA Publication 11 Class

Question No 21 Chapter No 5

Table of Contents

21. Journalese the following transaction in the book of Badri Nath:

2019
Feb. 1	Goods purchased for Rs 20,000, Freight paid Rs 500
Feb. 2	Machinery purchased for Rs 30,000. Installation charges paid Rs 900
Feb. 3	Goods purchased for Rs 25,000 from the prince. Cartage paid Rs 300
Feb. 4	Goods costing Rs 8,000 sold for 9,500 against cheque
Feb. 5	Furniture costing Rs 9,000 sold for Rs 11,000, payment received by demand draft
Feb. 6	Goods costing Rs 12,000 sold for Rs 15,000. Selling expenses incurred Rs 500
Feb. 7	Printer costing Rs 12,000 sold for Rs 15,000. Selling expenses incurred Rs 600
Feb. 8	An Office almirah costing Rs 15,000 sold for Rs 13,000. Selling expenses incurred Rs 500

In the Books of Badri Nath
Date	Particulars		L.F.	Debit	Credit
2019
Feb.1	Purchases A/c	Dr.		20,000
	Fright A/c	Dr.		500
	To Cash A/c				20,500
	(Being goods bought for cash and freight paid .)

Feb.2	Machinery A/c	Dr.		30,900
	To Cash A/c				30,900
	(Being machinery purchased and installation charges paid on it .)

Feb.3	Purchases A/c	Dr.		25,000
	To Prince A/c				25,000
	(Being goods sold and paid commission)

Feb.3	Carriage A/c	Dr.		300
	To Cash A/c				300
	(Being Paid Carriage in cash )

Feb.4	Bank A/c	Dr.		9,500
	To Sale A/c				9,500
	(Being goods sold against cheque.)

Feb.5	Bank A/c	Dr.		11,000
	To furniture A/c				9,000
	To Profit on sale furniture A/c				2,000
	(Being vehicle sold at loss and commission paid Rs 900.)

Feb.6	Cash A/c	Dr.		15,000
	To Sale A/c				15,000
	(Being goods sold for cash.)

Feb.6	Selling Expenses A/c	Dr.		500
	To Cash A/c				500
	(Being selling expenses paid in cash.)

Feb.7	Cash A/c	Dr.		14,400
	To Office Equipment A/c				12,000
	To Profit on sale of Office Equipment A/c				2,400
	(Being printer sold at profit, after deducting selling expenses .)

Feb.8	Cash A/c	Dr.		12,500
	Loss on sale of Fixture A/c	Dr.		2,500
	To Fixture A/c				15,000
	(Being office almirah sold in cash at loss and selling expenses incurred)