
Question No 19 Chapter No 5
19.Pass Journal entries for the following transactions:−
1 | Sold goods to Brijesh of the list price of 10,000 at a trade discount of 5%. Received full payment in cash. |
2 | Goods are given away as charity 1,000. |
3 | Charge interest on capital of 5,00,000 @ 7% p.a. |
4 | Outstanding wages 3,000. |
5 | 5,000 due from Sunny are now bad debts |
6 | 50,000 cash sales of goods costing 40, 000 |
The solution of Question No 19 Chapter No 5: –
In the Books of Radhika Traders |
|||||
Date | Particulars |
L.F. | Debit | Credit | |
2019 | |||||
1 | Cash A/c | Dr. | 9,500 | ||
To Sales A/c | 9,500 | ||||
(Being Machinery purchased and paid for carriage) | |||||
2 | Charity A/c | Dr. | 1,000 | ||
To Purchases A/c | 1,000 | ||||
(Being Goods given away as a charity) | |||||
3 | Interest on Capital A/c | Dr. | 35,000 | ||
To Capital A/c | 35,000 | ||||
(Being Interest in capital provided) | |||||
4 | Wages A/c | Dr. | 3,000 | ||
To Outstanding Wages A/c | 3,000 | ||||
(Being Outstanding wages provided) | |||||
5 | Bad Debts A/c | Dr. | 5,000 | ||
To Sunny’s A/c | 5,000 | ||||
(Being Bad debts written −off) | |||||
6 | Cash A/c | Dr. | 50,000 | ||
To Sales A/c | 50,000 | ||||
To Sales A/c | |||||
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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
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Chapter 3 Meaning and Objectives of Accounting
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)
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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)