Question No 37 Chapter No 5 – USHA Publication 11 Class

Question No 37 Chapter No 5

Question No 37 Chapter No 5

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

 

The solution of Question No 37 Chapter No 5: –

 

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)      
         

 

 

How to make Journal Entries in Accounting – Explanation

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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)

 

 

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