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Question No 24 Chapter No 5 – USHA Publication 11 Class

Question No 24 Chapter No 5
Q-24 - CH-5 - USHA +1 Book 2020 - Solution

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Question No 24 Chapter No 5

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Expenses/Income of Past, Present and Future

24. Journalese the following transactions in the books of Dhoni:

2017 
Apr. 1Salaries paid by cheque Rs 6,000
Apr. 2Salaries due but not paid Rs 3,000
Apr. 5Interest received Rs 5,000
Apr. 6Interest due but not received Rs 1,500
Apr. 10Commission paid for the current year Rs 4,500
Apr. 11Commission paid for the next year Rs 4,000
Apr. 12Commission of last year paid Rs 3,500
Apr. 16Rent of current year received Rs 6,800
Apr. 17Rent of next year received Rs 7,800
Apr. 18Rent of the last ear received Rs 8,800

 

The solution of Question No 24 Chapter No 5: –

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In the Books of Dhoni
DateParticulars
L.F.DebitCredit
2017     
Apr.1Salary A/cDr. 6,000 
 To Bank A/c   6,000
 (Being salary paid by cheque.)   
     
Apr.2Salary A/cDr. 3,000 
 To Outstanding Salary A/c   3,000
 (Being Salary due but not paid)   
      
Apr.5Cash A/cDr. 5,000 
 To Interest A/c  5,000
 (Being interest received in cash)   
     
Apr.6Accrued Interest A/cDr. 1,500 
 To Interest A/c  1,500
 (Being interest due but not received)   
     
Apr.10Commission A/cDr. 4,500 
 To Cash A/c  4,500
 (Being commission paid for the current year in cash)   
     
Apr.11Prepaid Commission A/cDr. 4,000 
 To Cash A/c  4,000
 (Being commission paid for next year.)   
     
Apr.12Outstanding Commission A/cDr. 3,500 
 To Cash A/c  3,500
 (Being commission for the previous year paid .)   
     
Apr.16Cash A/cDr. 6,800 
 To Rent A/c  6,800
 (Being rent received for the current year.)   
     
Apr.17Cash A/cDr. 7,800 
 To Rent received iv advance A/c  7,800
 (Being Rent received for next year.)   
     
Apr.18Cash A/cDr. 8800 
 To Rent receivable A/c  8800
 (Being Rent of previous year received )   
     

 

 

How to make Journal Entries in Accounting – Explanation

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

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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