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Question No 42 Chapter No 5 – USHA Publication 11 Class

Question No 42 Chapter No 5
Q-42 - CH-5 - USHA +1 Book 2020 - Solution

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Question No 42 Chapter No 5

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

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

 

The solution of Question No 42 Chapter No 5: –

 

In the Books of Deepti Walia
DateParticulars
L.F.DebitCredit
2019     
Apr. 3Cash A/cDr. 1,250 
 Bad debts A/cDr. 3,750 
 To Ram A/c   5,000
 (Being recovery of 25 paise in a rupee on insolvency. )   
     
May. 6Cash A/cDr. 5,000 
 To Bad debts recovery A/c  5,000
 (Being bad debt recovered)   
     
Jun.10Charity A/cDr. 4,000 
 To Purchases A/c  4,000
 (Being goods distributed as a charity )   
     
Jun. 24Drawing A/cDr. 500 
 To Interest on Drawings A/c  500
 (Being interest charged on drawings)   
     
Jul. 18Cash A/cDr. 1,000 
 Discount A/cDr. 50 
 To Dinesh A/c  1,050
 (Being cash received in full settlement of account)   
     
Aug. 16Depreciation A/cDr. 3,750 
 To Building A/c  3,750
 (Being depreciation charged on a building)   
     
Aug. 21Rajan A/cDr. 9,250 
 To Sales A/c  9,250
 (Being goods sold at a trade discount of 7.5%)   
     
Sep. 12Cash A/cDr. 600 
 Bad debts A/cDr. 400 
 To Dutta A/c  1,000
 (Being 60 Pasise in a rupee recovered on insolvency)   
     
Oct. 10Petty cash A/cDr. 2,000 
 To Cash A/c  2,000
 (Being cash given to petty cashier)   
     

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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

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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)

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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

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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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