Question No 38 Chapter No 5 – USHA Publication 11 Class

Question No 38 Chapter No 5

Question No 38 Chapter No 5

38. Journalise the following transactions in the book of Raj Deshpande:

2018  
Apr.1 Debited balance : Cash in hand Rs 18,000, cash at bank Rs 25,600, Stock of good Rs 20,000, Furniture Rs 4,000 and Building Rs 20,000, Sourav Rs 2,700, Nitin Rs 1,500, Ashwini Rs 2,000, credit Balance : sunny Rs 5,400, Sahil and Co. Rs 9,000 and Aishwarya Rai Rs 5,500, Mrs S’s Loan Rs 20,000
Apr.3 Purchased goods worth Rs 10,000 less 20% trade discount and 5% cash discount
Apr. 7 Sold goods to Vinod on credit Rs 12,000
Apr. 11 Vinod became insolvent and could pay only 50 paise in a rupee
Apr. 15 Bought 100 shares in Ambani Electronic Ltd.@10per share and paid brokerage Rs 40
Apr. 19 Paid to Babu interest on Laon Rs 250
Apr. 24 Goods worth Rs 800 given as charity
Apr. 27 Depreciation machinery @10% on Rs 60,000
Apr. 30 Amount due from Kumar previously written off as bad, now recovered Rs 2,000
Apr. 30 Income tax paid by cheque Rs 800

 

The solution of Question No 38 Chapter No 5: –

 

In the Books of Raj Deshpande
Date Particulars
L.F. Debit Credit
2018          
Apr. 1 Cash A/c Dr.   18,000  
  Bank A/c Dr.   25,600  
  Stock A/c Dr.   20,000  
  Furniture A/c Dr.   4,000  
  Building A/c Dr.   20,000  
  Sourav A/c Dr.   2,700  
  Nitin A/c Dr.   1,500  
  Ashwani A/c Dr.   2,000  
  To Capital A/c       5,400
  To Sunny A/c       9,000
  To Sahil and Co. A/c       5,500
  To Aishwarya Palani A/c       20,000
  To Mrs S’s Loan A/c       53,900
  (Being opening entry passed with assets and liabilities )      
         
Apr. 3 Purchases A/c Dr.   8,000  
  To Cash A/c     7,600
  To Discount A/c     400
  (Being purchases goods from Kamal Chaudhary)      
         
Apr. 7 Vinod A/c Dr.   12,000  
  To Sale A/c     12,000
  (Being sold on credit )      
         
Apr. 11 Cash A/c Dr.   3,500  
  Bad debts A/c Dr,   3,500  
  To Vinod A/c     7,000
  (Being Receipts of 50% of the amount due & remaining treated as bad)      
         
Apr. 15 Investment A/c Dr.   12,000  
  To Cash A/c     12,000
  (Being purchased 800 share @ Rs10 each & brokerage paid )      
         
Apr. 19 Interest on loan A/c Dr.   250  
  To CashA/c     250
  (Being interest on the loan paid in cash )      
         
Apr. 24 Charity A/c Dr.   800  
  To Purchases A/c     800
  (Being goods distributed as a charity )      
         
Apr. 27 Depreciation A/c Dr.   6,000  
  To Machinery A/c     6,000
  (Being Depreciation @10%on Machinery provided )      
         
Apr. 30 Cash A/c Dr.   4,400  
  To Bad Debts Recovered A/c     4,400
  (Being Bad debts recovered from Kumar)      
         
Apr. 30 Drawing A/c Dr.   800  
  To Bank A/c     800
  (Being Income tax paid by cheque )      
         

 

 

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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