Question No 27 Chapter No 4 – USHA Publication 11 Class

Question No 27 Chapter No 4

Question No 27 Chapter No 4

27. Analyse the following transactions using the rule of Debit and Credit under the modern classification of Account:

(i) Somnath Started business with Cash Rs 5,00,000
(ii) Purchased goods for cash Rs 80,000
(iii) Borrowed from Bhupinder Rs 60,000
(vi) Purchased Furniture for office Rs 1,00,000
(v) Purchased goods on credit from Manta Rs 45,000
(vi) Sold goods for cash Rs 32,000
(vii) Cash paid to Mamta Rs 18,000
(viii) Sold goods on credit to Shahid Rs 25,000

 

The solution of Question No 27 Chapter No 4: –

 

S. No.  Particulars Name Of Account
Type Of Modern Account
i Somnath Started Business with cash Rs 5,00,000 Cash Assets
    Capital Capital
       
ii Purchased goods for Cash Rs 80,000 Purchased Assets
    Cash Assets
       
iii Borrowed from Bhupinder Rs 60,000 Bhupinder Lability
    Cash Assets
       
iv Purchased furniture for office Rs 1,00,000 Furniture Assets
    Cash Assets
       
v Purchased goods on credit from Mamta Rs 45,000 Purchase Assets
    Mamta Lability
       
vi Sold goods for Cash Rs 32,000 Cash Assets
    Sale Assets
       
vii Cash paid to Mamta Mamta Lability
    Cash Assets
       
viii Sold goods on credit to Shahid Sahhid Assets
    Sale Assets



 

What is Accounting Equation | Example

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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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