Question No 02 Chapter No 5 – D.K Goal Class 11

Question No 02 Chapter No 5

Q.2 Enter the following transaction in the Journal of Sahil Bros:

2018		Rs
Oct-01	Purchased goods from Anil for Cash	40,000
Oct-03	Purchased goods from Atul	75,000
Oct-06	Returned goods to Atul	3,000
Oct-08	Paid cash to Atul	50,000
Oct-10	Sold goods to Charu	1,00,0000
Oct-12	Charu returned 20% of goods
Oct-15	Paid rent	2,000
Oct-20	Sahil withdrew for personal use	10,000

 

The solution of Question No 02 Chapter No 5: –

In the Books of S.S. Ray
Date	Particulars		L.F.	Debit	Credit
2019
Oct.1	Purchases A/c	Dr.		40,000
	To Cash A/c				40,000
	(Being Goods purchased from Anil for cash.)
Oct.3	Purchases A/c	Dr.		75,000
	To Atul’s A/c				75,000
	(Being Goods purchased from Atul)
Oct.6	Atul’s A/c	Dr.		3,000
	To Purchases Return A/c				3,000
	(Being Goods returned to Atul)
Oct.8	Atul’s A/c	Dr.		50,000
	To Cash A/c				50,000
	(Being Cash paid to Atul.)
Oct.10	Charu’s A/c	Dr.		1,00,000
	To Sales A/c				1,00,000
	(Being Goods sold to Charu.)
Oct.12	Sales Return A/c	Dr.		20,000
	To Charu’s A/c				20,000
	(Being goods returned to Charu)
Oct.15	Rent A/c	Dr.		2,000
	To Cash A/c				2,000
	(Being Rent paid.)
Oct.20	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Cash withdrawn for personal use .)

 

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D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Chapter 1 Evolution of Accounting & Basic Accounting Terms

Chapter 2 Accounting Equations

Chapter 3 Meaning and Objectives of Accounting

Chapter 4 Double Entry System

Chapter 5 Books of Original Entry – Journal 

Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)

Chapter 7 Books of Original Entry – Cash Book (Coming soon)

Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)

Chapter 9 Ledger (Coming soon)

Chapter 10 Trial Balance and Errors (Coming soon)

Chapter 11 Bank Reconciliation Statement (Coming soon)

Chapter 12 Depreciation (Coming soon)

Chapter 13 Bills of Exchange (Coming soon)

Chapter 14 Generally Accepted Accounting Principles(GAAP) 

Chapter 15 Bases of Accounting

Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)

Chapter 17 Capital and Revenue 

Chapter 18 Provisions and Reserves 

Chapter 19 Final Accounts (Coming soon)

Chapter 20 Final Accounts – With Adjustments (Coming soon)

Chapter 21 Errors and their Rectification (Coming soon)

Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)

Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)

Chapter 24 Computerised Accounting System (Coming soon)

Chapter 25 Introduction to Accounting Information System (Coming soon)