Question No 24 Chapter No 5 - D.K Goal Class 11

Question No 24 Chapter No 5

24. Journalise the following:−

2018
Mar.4	Purchased building for 1,50,000 and incurred expenses of 10,000 on its purchase.
Mar.10	Satish who owed us 20,000 is declared insolvent and 60 paise per is received from his estate
Mar.15	Paid 500 for repairing the office furniture
Mar.18	Proprietor withdrew for his personal use cash 5,000 and goods worth 2,000
Mar.20	Purchased the following items for business: Iron Safe 15,000; Filing Cabinet 5,000; Computer 12,000; Postage 200 and Stationery 150.
Mar.28	Paid electricity charges 1,600.
Mar.31	Charge depreciation on Machinery @ 10% for one-year Machinery 75, 000
Mar.31	Outstanding wages at the end of the year 6,000

The solution of Question No 24 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Mar.4	Building A/c	Dr.		1,60,000
	To Bank A/c				1,60,000
	(Being Building purchased and expenses paid)

Mar. 10	Cash A/c	Dr.		12,000
	Bad Debts A/c	Dr.		8,000
	To Satish’s A/c				20,000
	(Being Cash received from Satish and bad debts written −off)

Mar. 15	Repairs A/c	Dr.		500
	To Cash A/c				500
	(Being Payment made for repair of office furniture )

Mar. 18	Drawings A/c	Dr.		7,000
	To Cash A/c				5,000
	To Purchases A/c				2,000
	(Being Cash and goods withdrawn for personal use)

Mar. 20	Office Equipment A/c	Dr.		32,000
	To Cash A/c				32,000
	(Being Purchased iron safe, filling cabinet and typewriter)

Mar. 20	Postage & Stationery A/c	Dr.		350
	To Cash A/c				350
	(Being Expenses paid for postage and stationery)

Mar. 28	Electricity Charges A/c	Dr.		1,600
	To Cash A/c				1,600
	(Being Paid electricity charges)

Mar. 31	Depreciation A/c	Dr.		7,500
	To Machinery A/c				7,500
	(Being Depreciation charged on machinery)

Mar. 31	Wages A/c	Dr.		6,000
	To Outstanding Wages A/c				6,000
	(Being Outstanding wages recorded)