Question No 36 Chapter No 5
36. Journalise the following transactions in the book of Raj Kumar:
| 2019 | |
| Apr.1 | The following balance appeared: |
| Cash Rs 50,000; Building Rs 1,50,000; Creditor Rs 45,000; Stock Rs 55,000, bank loan Rs 38,000 | |
| Apr. 16 | Purchased the running business of Mukesh for Rs 5,00,000 paid by proprietor with the following assets and liabilities: |
| Machinery Rs 2,80,000; Furniture Rs 2,10,000 ; Creditor Rs 30,000 | |
| Apr. 30 | Purchased the running business of Anil for Rs 3,00,000 paid by proprietor assets and liabilities: |
| Stock Rs 2,00,000; Debtors Rs 1,10,000; Machinery Rs 40,000; Creditor Rs 30,000 |
The solution of Question No 36 Chapter No 5: –
| In the Books of Raj Kumar | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2018 | |||||
| Apr. 1 | Cash A/c | Dr. | 50,000 | ||
| Building A/c | Dr. | 1,50,000 | |||
| Stock A/c | Dr. | 55,000 | |||
| To Capital A/c | 1,72,000 | ||||
| To Creditor A/c | 45,000 | ||||
| To Bank Loan A/c |
38 ,000 |
||||
| (Being opening entry ) | |||||
| Apr. 16 | Machinery A/c | Dr. | 2,80,000 | ||
|
Furniture A/c Goodwill A/c |
Dr. |
2,10,000 89000 |
|||
| To Capital A/c | 5,00,000 | ||||
| To Creditor A/c | 90,000 | ||||
| (Being purchases a running business) | |||||
| Apr. 30 | Stock A/c | Dr. | 2,00,000 | ||
| Debtors A/c | Dr. | 1,10,000 | |||
| Machinery A/c | Dr. | 40,000 | |||
| To Capital A/c | 3,20,000 | ||||
|
To Creditor A/c To capital reserve A/c |
30,000 20000 |
||||
| (Being purchases a running business) | |||||
How to make Journal Entries in Accounting – Explanation
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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
Chapter No. 10 – Journal Proper
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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)