Question 1

Question No 01 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 01 Chapter No 10
Opening Entry
1. Bhupinder started business on Feb,1,2019 wither own cash Rs 50,000 , Building Rs 5,50,000, stock of goods Rs 85,000, Furniture Rs 95,000 and a motor van valued at Rs 1,80,000. she also borrowed Rs 70,000 from the bank
 
The solution of Question No 01 Chapter No 10: -
 
In the Books of Bhupinder

Date
Particulars
L.F.
Debit
Credit

2019

Feb.1
Cash A/c
Dr.
 
50,000

Building A/c
Dr.
 
5,50,000

Stock A/c
Dr.
 
85,000

Fur

Question 2

Question No 02 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 02 Chapter No 10
Opening Entry
2. Sunil purchased running business of Surinder on 20th October, 2017 for Rs 9,00,000 with the following assets and liabilities:stock Rs 3,50,000; Machinery Rs 2,50,000; Bank loan Rs 1,20,000; Creditors Rs 40,000; Debtors Rs 1,10,000; and Furniture Rs 60,000
 
The solution of Question No 02 Chapter No 10: -
 
In the Books of Sunil

Date
Particulars
L.F.
Debit
Credit

2019

Oct.20
Stock A/c
Dr.
 
3,50,000

Machinery A/c
Dr.
 
2,50,00

Question 3

Question No 03 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 03 Chapter No 10
Opening Entry
3. Meena purchased running nosiness of Teena on 15th March 2018 for Rs 6,50,000 with the following assets and liabilities:Computer Rs 4,50,000; Printers Rs 1,00,000; Photostat Machine Rs 1,20,000; Creditor for Stationary Rs 55,000; Rent outstanding Rs 35,000; stock of Stationary Rs 90,000
 
The solution of Question No 03 Chapter No 10: -
 
In the Books of Meena

Date
Particulars
L.F.
Debit
Credit

2019

Mar.15
Computer A/c
Dr.
 
4,50,000

Question 4

Question No 04 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 04 Chapter No 10
Opening Entry
4. On 1st April 2019, the position o Balveen Traders was as follow

Rs
 
Rs

Capital
6,00,000
Building
4,00,000

Bank loan 
1,75,000
Machinery 
2,20,000

Creditors
1,30,000
Furniture
90,000

Salary outstanding
35,000
Debtors
80,000

Stock
1,10,000

Cash
40,000

9,40,000
 
9,40,000

The solution of Question No 04 Chapter No 10: -
 
In the Books of Meena

Date
Particulars
L.F.
Debit
Credit

2019

Apr.1
Building A/c

Question 5

Question No 05 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 05 Chapter No 10
Opening Entry
5. From the following trial balance of Bhardwaj Electrical as on 31st March 2017 pass the closing entries:

Ledger A/c
(Dr)Rs
Ledger A/c
(Cr)Rs

Purchases (net)
2,10,000
Sale
2,7,0000

Carriage inward
4,000
Capital
2,99,000

Excise duty
6,000
Creditors
60,000

Stock (1.4.2016)
32,000
Salaries outstanding
15,000

Machinery
3,00,000
Interest on deposits
1,500

Deprecation on machinery
24,000
Commission received
2,500

Salaries
35,000

Adver

Question 6

Question No 06 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 06 Chapter No 10
Adjustment Entries
6. From the following, information pass the necessary adjustment entries in the journal proper:(a) Prepaid insurance Rs 1,200(b) Commission received in advance Rs 1,500(c) Provide interest on capital Rs 700(d) Interest accrued on investment Rs 400(e) Deprecate furniture Rs 800(f) Provide interest on loan @ 8% on Rs 15,000
 
The solution of Question No 06 Chapter No 10: -
 
In the Books of

Date
Particulars
L.F.
Debit
Credit

2019

Question 7

Question No 07 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 07 Chapter No 10
Adjustment Entries
7.Pass the journal entries for the following in the book of Mehak(i) On the request of Mehak, her creditor Khushboo agreed that debt of Rs 8,000 due from the sister Sugandha, be transferred to her account(ii) Mehak withdrew goods worth Rs 4,000 and stationary worth Rs 700 from the office stationery stock for her personal use
 
The solution of Question No 07 Chapter No 10: -
 
In the Books of

Date
Particulars
L.F.
Debit
Credit

2019

Question 8

Question No 08 Chapter No 10 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 08 Chapter No 10
Adjustment Entries
8. Pass the journal entries for the following in the book of Sunaina:(i) Purchased machinery for Rs 30,000 from Sehgal stores on credit (ii) Goods worth Rs 7,000 destroyed by fire. Insurance company admitted the claim for Rs 5,000(iii) Sunaina withdrew goods for personal use Rs 1,200(iv) Sold furniture worth Rs 2,500 sold on credit to Kirti for Rs 2,800(v) Bad debts written off during the year Rs 1,000(vi) Stationary purchased on credit from Dalip

USHA Publication +1 Elements of Book-Keeping Solutions Chapter No. 10 -Journal Proper

Quick Chapter Summary & Cheat Sheet

💡 Rules of Journalising (Double Entry System)

Topics & Questions Solved:

Question No 01 Chapter No 10 - USHA Publication 11 Class

The solution of Question No 01 Chapter No 10: -

Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Question No 02 Chapter No 10 - USHA Publication 11 Class

Question No 03 Chapter No 10 - USHA Publication 11 Class

Question No 04 Chapter No 10 - USHA Publication 11 Class

Question No 05 Chapter No 10 - USHA Publication 11 Class

Question No 06 Chapter No 10 - USHA Publication 11 Class

Question No 07 Chapter No 10 - USHA Publication 11 Class

Question No 08 Chapter No 10 - USHA Publication 11 Class

Sarbjit SinghB.Com and M.Com

Date	Particulars		Debit	Credit
2019
Feb.1	Cash A/c	Dr.	50,000
	Building A/c	Dr.	5,50,000
	Stock A/c	Dr.	85,000
	Furniture A/c	Dr.	95,000
	Motor Van A/c	Dr.	1,80,000
	To Bank Loan A/c			70,000
	To Capital A/c			8,90,000
	(Being opening entry made)