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Question No 29 Chapter No 5 – USHA Publication 11 Class

Question No 29 Chapter No 5
Q-29 - CH-5 - USHA +1 Book 2020 - Solution

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Question No 29 Chapter No 5

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Payment Made/Received on Behalf of others

29. Enter the following transactions in the journal of JJ Singh:

2020 
Mar. 1Cash received from Bikramjit on behalf of Suhag Rs 10,0000
Mar. 3Rent received on behalf of Sunder Singh Rs 15,000
Mar. 8Interest paid to Shubegh Singh on behalf of Shamsher Singh Rs 9,000
Mar. 11Issued cheque to Dalip Singh on behalf of Surjan Singh Rs 11,000
Mar. 15Arjuan Singh received commission on our behalf Rs 13,000
Mar. 18Sadhu Singh received cash from Mani Singh on our behalf Rs 22,000
Mar. 21Santokh Singh paid rent on our behalf Rs 4,500
Mar. 24Kharak Singh issued a cheque to Nirvair Singh on our behalf Rs 16,000

 

The solution of Question No 29 Chapter No 5: –

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In the Books of JJ Singh
DateParticulars
L.F.DebitCredit
2020     
Mar.1Cash A/cDr. 10,000 
 To Suhag A/c   10,000
 (Being received on behalf of the customer.)   
     
Mar.3Cash A/cDr. 15,000 
 To Sunder Singh A/c   15,000
 (Being received on behalf on a person)   
      
Mar.8Shamsher Singh A/cDr. 9,000 
 To Cash A/c  9,000
 (Being interest paid on behalf of a person )   
     
Mar.11Surjan Singh A/cDr. 13,000 
 To Bank A/c  13,000
 (Being issued received commission on our behalf)   
     
Mar.15Arjun Singh A/cDr. 13,000 
 To Commission Received A/c  13,000
 (Being a person received commission on our behalf)   
     
Mar.18Sadhu Singh A/cDr. 22,000 
 To Mani Singh A/c  22,000
 (Being person received cash from another person on our behalf)   
     
Mar.21Rent A/cDr. 4,500 
 To Santokh Singh A/c  4,500
 (Being rent paid by a person on our behalf)   
     
Mar.24Nairvair Singh A/cDr. 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. 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

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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

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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)

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

 

 

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