Question No 21 Chapter No 5 – USHA Publication 11 Class

Question No 21 Chapter No 5

Question No 21 Chapter No 5

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

 

The solution of Question No 21 Chapter No 5: –

 

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)      
         

 

 

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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