Question No 30 Chapter No 4 – USHA Publication 11 Class

Question No 30 Chapter No 4

Question No 30 Chapter No 4

30. Prepare proprietor’s Capital account from the following transaction :

2018  
Apr. 1 Commenced business with cash Rs 1,10,000
Jun. 12 Withdrew from the business for personal use Rs 30,000
Aug. 15 Introduced fresh capital RS 20,000
Oct. 28 Sold personal refrigerator for Rs 28,000 and amount introduced in the business
2019  
Jan. 10 Paid life insurance premium Rs 15,000
Mar. 31  Profit for the year Rs 32,000

 

The solution of Question No 30 Chapter No 4: –

 

Dr.   Cr.
Date Particulars
J.F. Amount Date Particulars
J.F. Amount
2018              
Jun. 12 To Drawing A/c   80,000 Apr. 1 By Cash A/c   1,10,000
        Aug. 15 By Cash A/c   20,000
2019       Mar. 31 By Cash A/c   28,000
Jan. 10 Paid life insurance premium   15,000        
  Capital Account Balance   1,45,000        
      1,90,000       1,90,000



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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