Question No 42 Chapter No 5 – USHA Publication 11 Class

Question No 42 Chapter No 5

Question No 42 Chapter No 5

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

 

The solution of Question No 42 Chapter No 5: –

 

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     1,000
  (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)      
         

 

 

How to make Journal Entries in Accounting – Explanation

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Also, Check out the solved question of all Chapters: –

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Vouchers and transactions

Chapter No. 4 – Journal

Chapter No. 5 – Ledger

Chapter No. 6 – Cash Book

Chapter No. 7 – Other Subsidiary Books

Chapter No. 8 – Journal Proper

Chapter No. 9 – Trial Balance 

Chapter No. 10 – Bank Reconciliation Statement

Chapter No. 11 – Depreciation

Chapter No. 12 – Provisions and Reserves 

Chapter No. 13 – Bills of Exchange

Chapter No. 14 – Rectification of Errors 

Chapter No. 15 – Financial Statements – (Without Adjustments)

Chapter No. 16 – Financial Statements – (With Adjustments)

 

 

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