Question No 33 Chapter No 5
Compound Entries
33. Journalise the following transactions in the book of Sania :
2017 | |
Apr. 1 | Sania started business with cash Rs 50,000; furniture Rs 40,000 and machinery Rs 1,10,000 |
Apr. 2 | Purchased goods for cash Rs 9,000 and on credit from Bhupathi Rs 6,000 |
Apr. 3 | Received commission Rs 12,000 ,interest Rs 7,000 and bad debts recovered Rs 6,000 |
Apr. 4 | Paid Rs 9,700 Ashok in full settlement of his account of Rs 10,000 |
Apr. 5 | Received Rs 3,800 from Bobby Jindal and allowed him to discount Rs 200 |
Apr. 6 | Rent paid Rs 4,000; Salary paid Rs 7,000; and travelling expenses paid Rs 2,000 |
The solution of Question No 33 Chapter No 5: –
In the Books of Sania | |||||
Date | Particulars |
L.F. | Debit | Credit | |
2018 | |||||
Apr.1 | Cash A/c | Dr. | 50,000 | ||
Furniture A/c | Dr. | 40,000 | |||
Machinery A/c | Dr. | 1,10,000 | |||
To Capital A/c | 2,00,000 | ||||
(Being business started with cash; furniture and machinery) | |||||
Apr.2 | Purchases A/c | Dr. | 15,000 | ||
To Cash A/c | 9,000 | ||||
To Bhupathi A/c | 6,000 | ||||
(Being goods purchased on cash and credit from Bhupathi.) | |||||
Apr.3 | Cash A/c | Dr. | 25,000 | ||
To Commission received A/c | 12,000 | ||||
To Interest A/c | 7,000 | ||||
To Bad debts recovered A/c | 6,000 | ||||
(Being received cash from the commission; interest and bad debts recovered .) | |||||
Apr.4 | Ashok A/c | Dr. | 10,000 | ||
To Cash A/c | 9,700 | ||||
To Discount received A/c | 300 | ||||
(Being cash paid to Ashok ) | |||||
Apr.5 | Cash A/c | Dr. | 3,800 | ||
Discount allowed A/c | Dr. | 200 | |||
To Bobby Jindal A/c | 4,000 | ||||
(Being cash received from Bobby Jindal ) | |||||
Apr.6 | Rent A/c | Dr. | 4,000 | ||
Salary A/c | Dr. | 7,000 | |||
Travelling expenses A/c | Dr. | 2,000 | |||
To Cash A/c | 13,000 | ||||
(Being cash paid for rent; salary and travelling expenses) | |||||
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. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
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Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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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