Question No 37 Chapter No 5 - USHA Publication 11 Class

Question No 37 Chapter No 5

Table of Contents

37. Journalise the following transactions in the book of Vinod Khosla:

2018			Rs
Apr.1	Assets	Cash in hand	800
		Cash at bank	140
		Leasehold premises	12,000
		Machinery	6,000
		Due from Ritu Sharma	1,460
		Due from Geeta Verma	3,540
		Furniture	3,500
	Liabilities	Loan	2,000
		Due to Rachna Gupta	1,500
Apr.2	Purchased goods from Kamal Chaudhary		4,500
Apr. 3	Goods sold		3,000
Apr. 4	Purchased goods		3,700
Apr. 6	Purchased goods from Ram Kumar		7,000
Apr. 7	Sold goods for cash		3,000
Apr. 8	Paid for cash purchases from Rajinder		4,950
	Discount allowed by him		50
Apr. 11	Received cheque from Anil on account		3,000
Apr. 16	Ritu Sharma paid by cheque in full settlement		1,400
Apr. 24	Drawn from the bank for personal use		450
Apr. 30	Allow interest on capital @6% p.a. from 1st April 2018
Apr. 30	Salaries for the month of April unpaid		750

In the Books of Vinod Khosla
Date	Particulars		L.F.	Debit	Credit
2018
Apr. 1	Cash A/c	Dr.		860
	Cash in Bank A/c	Dr.		104
	Leasehold praises A/c	Dr.		12,000
	Machinery A/c	Dr.		6,000
	Due from Ritu Sharma A/c	Dr.		1,460
	Due from Geeta Verma A/c	Dr.		3,540
	Furniture A/c	Dr.		3,500
	To Capital A/c				24,000
	To Loan A/c				2,000
	To Due to Rachna Gupta A/c				1,500
	(Being opening entry )

Apr. 2	Purchases A/c	Dr.		4,500
	To Kamal Chaudhary A/c				4,500
	(Being purchases goods from Kamal Chaudhary)

Apr. 3	Cash A/c	Dr.		3,000
	To Sale A/c				3,000
	(Being goods sold )

Apr. 4	Purchases A/c	Dr.		3,700
	To Cash A/c				3,700
	(Being purchased sold )

Apr. 6	Purchases A/c	Dr.		7,000
	To Ram Kumar A/c				7,000
	(Being purchased sold )

Apr. 7	Cash A/c	Dr.		3,000
	To Sale A/c				3,000
	(Being goods sold for cash )

Apr. 8	Purchace A/c	Dr.		5,000
	To Cash A/c				4,950
	To Discount received A/c				50
	(Being paid cash to Rajinder received discount)

Apr. 11	Bank A/c	Dr.		3,000
	To Anil A/c				3,000
	(Being received cheque from Anil)

Apr. 16	Ritu sharma A/c	Dr.		1,460
	To bank A/c	Dr.			1400
	To Discount Received A/c				60
	(Being ritu paid cheque and allowed him discount)

Apr. 24	Drawing A/c	Dr.		450
	To Bank A/c				450
	(Being cash withdraw from the bank for personal use )

Apr. 30	Interest on capital A/c	Dr.		120
	To Capital A/c				120
	(Being interest on capital 6% charged )

Apr. 30	ISalary A/c	Dr.		750
	To Outstanding Salary A/c				750
	(Being salary due but not paid)