Question No 29 Chapter No 5 – USHA Publication 11 Class

Question No 29 Chapter No 5

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: –

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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