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Question No 30 Chapter No 4 – USHA Publication 11 Class

Question No 30 Chapter No 4
Q-30 - CH-4 - USHA +1 Book 2020 - Solution

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Question No 30 Chapter No 4

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

2018 
Apr. 1Commenced business with cash Rs 1,10,000
Jun. 12Withdrew from the business for personal use Rs 30,000
Aug. 15Introduced fresh capital RS 20,000
Oct. 28Sold personal refrigerator for Rs 28,000 and amount introduced in the business
2019 
Jan. 10Paid 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.
DateParticulars
J.F.AmountDateParticulars
J.F.Amount
2018       
Jun. 12To Drawing A/c 80,000Apr. 1By Cash A/c 1,10,000
    Aug. 15By Cash A/c 20,000
2019   Mar. 31By Cash A/c 28,000
Jan. 10Paid 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: –

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

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Chapter No. 5 – Journal

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

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Chapter No. 11 – Trial Balance

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 

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Chapter No. 17 – Financial Statements – (Without Adjustments)

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

 

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