Question No 36 Chapter No 5 – USHA Publication 11 Class

Question No 36 Chapter No 5

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       1,74,000
  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

Thanks, Please Like and share with your friends  

Comment if you have any question.

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)

 

Leave a Reply