Question No 39 Chapter No 5 – USHA Publication 11 Class

Question No 39 Chapter No 5

Question No 39 Chapter No 5

39. Journalise the following transactions in the book of Parsha :

2019  
Mar.1 Borrowed Rs 40,000 from Pooja
Mar.3 Lent Rs 30,000 to Megha 
Mar. 5 Repaid Rs 25,000 to Pooja  
Mar. 7 Megha repaid Rs 22,000
Mar. 9 Premium paid for the insurance of goods Rs 4,000
Mar. 11 Premium paid for the insurance of machinery Rs 5,000
Mar. 13 Premium paid for the insurance of proprietor Rs 6,000
Mar. 15 Premium paid for the insurance of employees Rs 7,000

 

The solution of Question No 39 Chapter No 5: –

 

In the Books of Parsha
Date Particulars
L.F. Debit Credit
2018          
Mar. 1 Cash A/c Dr.   40,000  
  To Pooja’s Loan A/c       40,000
  (Being cash borrowed)      
         
Mar. 3 Loan to Megha A/c Dr.   30,000  
  To Cash A/c     30,000
  (Being cash lent )      
         
Mar. 5 Pooja’s Loan A/c Dr.   25,000  
  To Cash A/c     25,000
  (Being borrowed money repaid )      
         
Mar. 7 Cash A/c Dr.   22,000  
  To Loan to Megha A/c     22,000
  (Being lent money received back)      
         
Mar. 9 Investment A/c Dr.   4,000  
  To Cash A/c     4,000
  (Being insurance premium paid on the goods)      
         
Mar. 11 Insurance A/c Dr.   5,000  
  To CashA/c     5,000
  (Being insurance premium paid on the machinery)      
         
Mar. 13 Drawing A/c Dr.   6,000  
  To Cash A/c     6,000
  (Being insurance premium paid on the life of proprietor)      
         
Mar. 15 Insurance A/c Dr.   7,000  
  To Cash A/c     7,000
  (Being insurance premium paid on the lives of employees)      
         

 

 

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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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