Question No 40 Chapter No 5 - USHA Publication 11 Class

Question No 40 Chapter No 5

Table of Contents

40. Journalise the following transactions in the book of Rajesh :

2018
May.10	Sh. Ramlal who owes Rs 1,000 pays Rs 993 in the full statement
Jun.12	m/s Mohan Singh & Co. who owes Rs 3,000 became insolvent. Only 45%of the amount is realized
Jul. 8	Issued cheque in favour of Patel Bros. on account of purchase of furniture for Rs 1,500
Jul. 31	Received cheque from Mr White Rs 6,200. allowed him to discount Rs 80
Aug. 10	A sum of Rs 300 is received from Sher Singh & Co. against debts previously written off.
Sep. 20	Returned goods to Industrial cables Ltd. Of the value of Rs 600
Oct. 5	Withdrawn goods for domestic use Rs 60
Oct. 18	Paid railways fright on behalf of our customer Mr Surinder Rs 60
Nov. 16	Received interest on investment Rs 500
Dec. 24	Paid office expenses Rs 150 from personal cash and stationery expenses Rs 250 from cash

In the Books of Rajesh
Date	Particulars		L.F.	Debit	Credit
2019
May. 10	Cash A/c	Dr.		993
	Discount A/c	Dr.		7
	To Ram Lal A/c				1,000
	(Being cash receipt and discount allowed )

Jun. 12	Cash A/c	Dr.		1,350
	Bad debts A/c	Dr.		1,650
	To Mohan Singh A/c				3,000
	(Being receipt and non-receivable written off)

Jul.8	Furniture A/c	Dr.		1,500
	To Bank A/c				1,500
	(Being the purchased of furniture and issue of a cheque)

Jul. 31	Bank A/c	Dr.		6,200
	Discount A/c	Dr.		80
	To White A/c				6,280
	(Being receipt of cheque and discount allowed)

Aug. 10	Cash A/c	Dr.		300
	To Bad debts recovered A/c				300
	(Being amount previously written off now recovered )

Sep. 20	Industrial Cables Ltd. A/c	Dr.		600
	To Return Outwards A/c				600
	(Being goods returned by us)

Oct. 5	Drawing A/c	Dr.		450
	To Purchases A/c				450
	(Being goods use by Rajesh for personal use)

Oct. 18	Surinder A/c	Dr.		350
	To Cash A/c				350
	(Being paid railway freight recoverable from Surinder)

Nov. 16	Cash A/c	Dr.		500
	To Interest on investment A/c				500
	(Being receipts of interest recorded )

Dec. 24	Office expenses A/c	Dr.		150
	To capital A/c				150
	(Being the payment of expenses from personal cash)

Dec. 24	Stationery A/c	Dr.		250
	To Cash A/c				250
	(Being the amount paid for stationery )