Question No 42 Chapter No 5 - USHA Publication 11 Class

Question No 42 Chapter No 5

Table of Contents

42. Journalise the following in the book of Deepti Walia :

2018
Apr. 3	Ram who owned me Rs 5,000 failed to pay the amount. He pays compensation of 25 paise rupee
May.6	Received cash from Shyam for bad debt written off last year
Jun. 10	Goods worth Rs 4,000 were given free as a charity
Jun. 24	Charge interest on drawing Rs 500
Jul. 18	Received Rs 1,000 from Delhi in a full settlement against the amount due from him Rs 1,050
Aug. 16	Provide depreciation on building valued at Rs 6,000 @ 2.5% for 3 month
Aug. 21	Sold goods to Rajan, list price Rs 10,000, trade discount allowed 7.5%
Sep. 12	Dutta, who owed us Rs 1,000, is declared insolvent and 60 paise in a rupee is received as final dividend from his estate
Oct. 10	Paid Rs 2,000 to Petty Cashier

In the Books of Deepti Walia
Date	Particulars		L.F.	Debit	Credit
2019
Apr. 3	Cash A/c	Dr.		1,250
	Bad debts A/c	Dr.		3,750
	To Ram A/c				5,000
	(Being recovery of 25 paise in a rupee on insolvency. )

May. 6	Cash A/c	Dr.		5,000
	To Bad debts recovery A/c				5,000
	(Being bad debt recovered)

Jun.10	Charity A/c	Dr.		4,000
	To Purchases A/c				4,000
	(Being goods distributed as a charity )

Jun. 24	Drawing A/c	Dr.		500
	To Interest on Drawings A/c				500
	(Being interest charged on drawings)

Jul. 18	Cash A/c	Dr.		1,000
	Discount A/c	Dr.		50
	To Dinesh A/c				1,050
	(Being cash received in full settlement of account)

Aug. 16	Depreciation A/c	Dr.		3,750
	To Building A/c				3,750
	(Being depreciation charged on a building)

Aug. 21	Rajan A/c	Dr.		9,250
	To Sales A/c				9,250
	(Being goods sold at a trade discount of 7.5%)

Sep. 12	Cash A/c	Dr.		600
	Bad debts A/c	Dr.		400
	To Dutta A/c				1,000
	(Being 60 Pasise in a rupee recovered on insolvency)

Oct. 10	Petty cash A/c	Dr.		2,000
	To Cash A/c				2,000
	(Being cash given to petty cashier)