Question No 10 Chapter No 5 – D.K Goal Class 11

Question No 10 Chapter No 5

10. Journalise the following transactions in the books of Dixit & Sons. :

2018
Mar.2	Sold goods to Dilip of the list price of 62,000 for 60,000.
Mar.16	Purchased goods costing 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount.
Mar.20	Sold goods to Vishal Traders costing 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque.
Mar.26	Sold goods to Brij & Co. costing 50,000 at 40% profit, allowing 10% trade discount and 5% cash discount. Brij & Co. paid the full amount by cheque and availed cash discount.

 

The solution of Question No 10 Chapter No 5: –

In the Books of Hari Shankar & Co
Date	Particulars		L.F.	Debit	Credit
2018
Mar.2	Dixit A/c	Dr.		45,000
	To Sales A/c				45,000
	(Being Sold to Dixit.)
Mar.16	Purchases A/c	Dr.		1,60,000
	To Hari & Co				1,14,000
	To Bank A/c				6,000
	To Discount Received A/c				40,000
	(Being Purchased from Hari & Co., 75% paid through cheque and partly credit)
Mar.20	Bank A/c	Dr.		9,000
	Vishal Traders A/c	Dr.		32,400
	Discount Allowed A/c	Dr.		3,600
	To Sales A/c				45,000
	(Being Sold to Vishal Traders, partly received through cheque and partly credit)
Mar.26	Bank A/c	Dr.		59,850
	Discount Allowed A/c	Dr.		3,150
	To Sales A/c				63,000
	(Being Sold to Brij & Co., received fully through cheque .)

 

 

 

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

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)