Question No 29 Chapter No 5
Payment Made/Received on Behalf of others
29. Enter the following transactions in the journal of JJ Singh:
2020 | |
Mar. 1 | Cash received from Bikramjit on behalf of Suhag Rs 10,0000 |
Mar. 3 | Rent received on behalf of Sunder Singh Rs 15,000 |
Mar. 8 | Interest paid to Shubegh Singh on behalf of Shamsher Singh Rs 9,000 |
Mar. 11 | Issued cheque to Dalip Singh on behalf of Surjan Singh Rs 11,000 |
Mar. 15 | Arjuan Singh received commission on our behalf Rs 13,000 |
Mar. 18 | Sadhu Singh received cash from Mani Singh on our behalf Rs 22,000 |
Mar. 21 | Santokh Singh paid rent on our behalf Rs 4,500 |
Mar. 24 | Kharak Singh issued a cheque to Nirvair Singh on our behalf Rs 16,000 |
The solution of Question No 29 Chapter No 5: –
In the Books of JJ Singh | |||||
Date | Particulars |
L.F. | Debit | Credit | |
2020 | |||||
Mar.1 | Cash A/c | Dr. | 10,000 | ||
To Suhag A/c | 10,000 | ||||
(Being received on behalf of the customer.) | |||||
Mar.3 | Cash A/c | Dr. | 15,000 | ||
To Sunder Singh A/c | 15,000 | ||||
(Being received on behalf on a person) | |||||
Mar.8 | Shamsher Singh A/c | Dr. | 9,000 | ||
To Cash A/c | 9,000 | ||||
(Being interest paid on behalf of a person ) | |||||
Mar.11 | Surjan Singh A/c | Dr. | 13,000 | ||
To Bank A/c | 13,000 | ||||
(Being issued received commission on our behalf) | |||||
Mar.15 | Arjun Singh A/c | Dr. | 13,000 | ||
To Commission Received A/c | 13,000 | ||||
(Being a person received commission on our behalf) | |||||
Mar.18 | Sadhu Singh A/c | Dr. | 22,000 | ||
To Mani Singh A/c | 22,000 | ||||
(Being person received cash from another person on our behalf) | |||||
Mar.21 | Rent A/c | Dr. | 4,500 | ||
To Santokh Singh A/c | 4,500 | ||||
(Being rent paid by a person on our behalf) | |||||
Mar.24 | Nairvair Singh A/c | Dr. | 16,000 | ||
To Kharak Singh A/c | 16,000 | ||||
(Being person issued a cheque to another on our behalf) | |||||
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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