Question No 16 Chapter No 8 - D.K Goal 11 Class

Question No 16 Chapter No 8

16. Enter the following transaction in Journal Proper of Geeta Trader:


(a)	Rent not paid (Rent outstanding) Rs 1,000
(b)	Goods are withdrawn by the proprietor for personal use Rs 5,000
(c)	Purchase of machinery on credit for Rs 10,000 from Ram Sons
(d)	Depreciate motor car with book value Rs 1,00,000 @10% p.a for one year

The solution of Question No 16 Chapter No 8: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
(a)	Rent A/c	Dr.		1,000
	To Outstanding Rent A/c				1,000
	(Being Rent due but not paid .)

(b)	Drawing A/c	Dr.		5,000
	To Purchases A/c				5,000
	(Being goods withdrawn by owner)

(c)	Machinery A/c	Dr.		10,000
	To Ram Sons A/c				10,000
	(Being machinery purchased on credit )

(d)	Depreciation A/c	Dr.		10,000
	To Motor Car A/c				10,000
	(Being Depreciation charged on Motor Car)

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

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)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.