Question No 31 Chapter No 5 – USHA Publication 11 Class

Question No 31 Chapter No 5

Question No 31 Chapter No 5

Miscellaneous Transaction

31. Journalise the transactions in the book of Abdullah:

2018  
Apr. 1 Purchased goods from V.P.P. for Rs 4,000 Surya Brother 
Apr. 6 Sent goods to Manyta thought V.P.P Rs 12,000
Apr. 10 Received cash from Manyta for goods supplied through V.P.P Rs 12,000
Apr. 13 Paid income tax Rs 32,000
Apr. 16 Received income Tax refund in business bank account Rs 15,000
Apr. 17 Goods worth Rs 40,000 sold by charging 10% Sale Tax 
Apr. 21 Goods sold to Tanuja for Rs 66,000, which include 10% sale Tax
Apr. 24 Sale tax deposited with the Government Rs 10,000

 

The solution of Question No 31 Chapter No 5: –

 

In the Books of Abdullah
Date Particulars
L.F. Debit Credit
2018          
Apr.1 Purchases A/c Dr.   4,000  
  To Cash A/c       4,000
  (Being goods bought through V.P.P.)      
         
Apr.6 Manyta A/c Dr.   12,000  
  To Sale A/c       12,000
  (Being exchanged old computer with the new, balance paid in cash .)      
           
Apr.10 Cash A/c Dr.   12,000  
  To Manyta A/c     12,000
  (Being deprecation on machinery provided @10%)      
         
Apr.13 Drawing A/c Dr.   32,000  
  To Cash A/c     32,000
  (Being income tax paid in cash )      
         
Apr.16 Bank A/c Dr.   15,000  
  To Capital A/c     15,000
  (Being income tax refund deposited in a business bank account )      
         
Apr.17 Cash A/c Dr.   44,000  
  To Sale A/c     40,000
  To Sale Tax Collected A/c     4,000
  (Being goods sold for cash and sale tax collected 10%)      
         
Apr.21 Tanuja A/c Dr.   66,000  
  To Sale A/c     60,000
  To Sale Tax Collected A/c     6,000
  (Being goods sold for cash and sale tax collected 10%)      
         
Apr.24 Sale Tax Collected A/c Dr.   10,000  
  To Cash A/c     10,000
  (Being Tax deposited with Government )      
         

 

 

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

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

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)

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

 

 

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