Question No 36 Chapter No 5 - USHA Publication 11 Class

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

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				1,74,000
	To Creditor A/c				45,000
	To Bank Loan A/c				36,000
	(Being opening entry )

Apr. 16	Machinery A/c	Dr.		2,80,000
	Furniture A/c	Dr.		2,10,000
	To Capital A/c				4,00,000
	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				30,000
	(Being purchases a running business)

How to make Journal Entries in Accounting – Explanation

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

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

Question No 36 Chapter No 5 – USHA Publication 11 Class