Question No 33 Chapter No 5 – USHA Publication 11 Class

Question No 33 Chapter No 5

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. 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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