Question No 35 Chapter No 5

Question No 35 Chapter No 5

35. Record the following transaction in a Journal :-

(i).Withdrawn goods for personal use ( Cost Rs 5,000, Sale Price Rs 7,000)
(ii)Received Rs 9,750 from the Hari in full settlement of his account for Rs 10,000
(iii)A cheque for Rs 50,000 received form Rajiv deposited into the bank was returned dishonored
(iv)Paid Rs 19,000 to Ganesh on his account for Rs 20,000

 

The solution of Question No 35 Chapter No 5: –

In the Books of Radhika Traders
DateParticulars
L.F.DebitCredit
2019     
iDrawing A/cDr. 5,000 
 To Purchases A/c   5,000
 (Being goods withdrawn for personal use)   
     
iiCash A/cDr. 9,750 
 Discount allowed A/cDr. 250 
 To Hari A/c   10,000
 (Being cash received from Hari and allowed him discount)   
      
iiiRajiv A/cDr. 50,000 
 To Bank A/c  50,000
 (Being Rajiv cheque dishonored)   
     
ivGanesh A/cDr. 19,000 
 To Bank A/c   19,000
 (Being paid to Ganesh )    
     

 

 

How to make Journal Entries in Accounting – Explanation

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Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Chapter 1 Evolution of Accounting & Basic Accounting Terms

Chapter 2 Accounting Equations

Chapter 3 Meaning and Objectives of Accounting

Chapter 4 Double Entry System

Chapter 5 Books of Original Entry – Journal 

Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)

Chapter 7 Books of Original Entry – Cash Book (Coming soon)

Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)

Chapter 9 Ledger (Coming soon)

Chapter 10 Trial Balance and Errors (Coming soon)

Chapter 11 Bank Reconciliation Statement (Coming soon)

Chapter 12 Depreciation (Coming soon)

Chapter 13 Bills of Exchange (Coming soon)

Chapter 14 Generally Accepted Accounting Principles(GAAP) 

Chapter 15 Bases of Accounting

Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)

Chapter 17 Capital and Revenue 

Chapter 18 Provisions and Reserves 

Chapter 19 Final Accounts (Coming soon)

Chapter 20 Final Accounts – With Adjustments (Coming soon)

Chapter 21 Errors and their Rectification (Coming soon)

Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)

Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)

Chapter 24 Computerised Accounting System (Coming soon)

Chapter 25 Introduction to Accounting Information System (Coming soon)

 

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