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

The Content covered in this article:

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)