Question No 26 Chapter No 5 – USHA Publication 11 Class

Question No 26 Chapter No 5

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Jan. 12 Goods are withdrawn by the proprietor for personal use Rs 9,500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  (Being goods are withdrawn by proprietor)      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  (Being goods are withdrawn by proprietor)      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

Thanks, Please Like and share with your friends  

Comment if you have any question.

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

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

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)

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

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *