Question No 26 Chapter No 5
Goods Given as Charity/ Advertisement
26. Journalese the following transactions in the books of Shaweta :
| 2019 | |
| Jan. 1 | Goods donated to Blind School Rs 15,000 |
| Jan. 8 | Goods distributed as free samples Rs 8,000 |
| Jan. 12 | Goods are withdrawn by the proprietor for personal use Rs 9,500 |
| Jan. 21 | Goods donated to poor people on personal account Rs 5,000 and on business account Rs 7,000 |
| Jan. 22 | Goods used for constructing building Rs 16,000 |
The solution of Question No 26 Chapter No 5: –
| In the Books of Shaweta | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2018 | |||||
| Jan.1 | Blind School A/c | Dr. | 15,000 | ||
| To Purchases A/c | 15,000 | ||||
| (Being goods donated to a blind school.) | |||||
| Jan.8 | Free Samples A/c | Dr. | 8,000 | ||
| To Purchases A/c | 8,000 | ||||
| (Being goods distributed as a free sample) | |||||
| Jan.12 | Drawing A/c | Dr. | 9,500 | ||
| To Purchases A/c | 9,500 | ||||
| (Being goods are withdrawn by proprietor) | |||||
| Jan.21 | Drawing A/c | Dr. | 5,000 | ||
| To Purchases A/c | 5,000 | ||||
| (Being goods are withdrawn by proprietor) | |||||
| Jan.21 | Donation A/c | Dr. | 7,000 | ||
| To Purchases A/c | 7,000 | ||||
| (Being donated goods to poor people) | |||||
| Jan.22 | Building A/c | Dr. | 11,000 | ||
| To Purchases A/c | 11,000 | ||||
| (Being goods used in constructing the building.) | |||||
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. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
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Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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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