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Question No 21 Chapter No 5 – USHA Publication 11 Class

Question No 21 Chapter No 5
Q-21 - CH-5 - USHA +1 Book 2020 - Solution

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Question No 21 Chapter No 5

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

2019 
Feb. 1Goods purchased for Rs 20,000, Freight paid Rs 500
Feb. 2Machinery purchased for Rs 30,000. Installation charges paid Rs 900
Feb. 3Goods purchased for Rs 25,000 from the prince. Cartage paid Rs 300
Feb. 4Goods costing Rs 8,000 sold for 9,500 against cheque
Feb. 5Furniture costing Rs 9,000 sold for Rs 11,000, payment received by demand draft
Feb. 6Goods costing Rs 12,000 sold for Rs 15,000. Selling expenses incurred Rs 500
Feb. 7Printer costing Rs 12,000 sold for Rs 15,000. Selling expenses incurred Rs 600
Feb. 8An 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
DateParticulars
L.F.DebitCredit
2019     
Feb.1Purchases A/cDr. 20,000 
 Fright A/cDr. 500 
 To Cash A/c   20,500
 (Being goods bought for cash and freight paid .)   
     
Feb.2Machinery A/cDr. 30,900 
 To Cash A/c   30,900
 (Being machinery purchased and installation charges paid on it .)   
      
Feb.3Purchases A/cDr. 25,000 
 To Prince A/c  25,000
 (Being goods sold and paid commission)   
     
Feb.3Carriage A/cDr. 300 
 To Cash A/c  300
 (Being Paid Carriage in cash )   
     
Feb.4Bank A/cDr. 9,500 
 To Sale A/c  9,500
 (Being goods sold against cheque.)   
     
Feb.5Bank A/cDr. 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.6Cash A/cDr. 15,000 
 To Sale A/c  15,000
 (Being goods sold for cash.)   
     
Feb.6Selling Expenses A/cDr. 500 
 To Cash A/c  500
 (Being selling expenses paid in cash.)   
     
Feb.7Cash A/cDr. 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.8Cash A/cDr. 12,500 
 Loss on sale of Fixture A/cDr. 2,500 
 To Fixture A/c  15,000
 (Being office almirah sold in cash at loss and selling expenses incurred)   
     

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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: –

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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

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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

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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)

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Chapter No. 18 – Financial Statements – (With Adjustments)

 

 

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