Question No 26 Chapter No 5 - D.K Goal Class 11

Question No 26 Chapter No 5

26.Journalise the following:

i	Received a V.P.P. from Mohan Lal for 25,000. Sent a peon to collect it who paid 200 as cartage.
ii	Received 1,000 from sales of old newspapers and 5,000 from sales of old chairs
iii	Goods are given away as charity goods costing 7,000.
iv	Arun pays us Rs 63,000 after getting a 10% discount for prompt payment.
v	Received Cash from a debtor written off as bad debt last year 20,000.
vi	Sold goods costing 50,000 to Ashok on credit at a profit of 20% on cost.
vii	Sold goods costing 1,00,000 for 1,40,000.
viii	Provide 50,000 as interest on Capital.
ix	Paid rent of building 60,000 by cheque. Half the building is used by the proprietor for residential purpose
x	Outstanding salary at the end of the year 30,000.

The solution of Question No 26 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
i	Purchases A/c	Dr.		25,000
	Carriage A/c	Dr.		200
	To Cash A/c				25,200
	(Being VPP received and cartage paid)

ii	Cash A/c	Dr.		40,000
	To Sundry Income A/c				40,000
	(Being Goods purchased on credit from Sudhir )

	Cash A/c	Dr.		5,000
	To Furniture A/c				5,000
	(Being Cash received from sale of old chairs)

	Cash A/c	Dr.		40,000
	To Sundry Income A/c				40,000
	(Being Goods purchased on credit from Sudhir )

iii	Charity A/c	Dr.		7,000
	To Purchases A/c				7,000
	(Being goods given away as charity)

iv	Cash A/c	Dr.		63,000
	Discount allowed A/c*	Dr.		7,000
	To Arun A/c				70,000
	(Being cash received from Arun and 10% discount given )

v	Cash A/c	Dr.		20,000
	To Bad Debts Recovered A/c				20,000
	(Being Bad debts recovered)

vi	Ashok’s A/c	Dr.		60,000
	To Sale A/c				60,000
	(Being Goods sold on credit to Ashok at a profit of 20)

vii	Cash A/c	Dr.		1,40,000
	To Sales A/c				1,40,000
	(Being Goods sold for cash)

viii	Interest on Capital A/c	Dr.		2,000
	To Capital A/c				2,000
	(Being Provided interest on capital)

ix	Rent A/c	Dr.		30,000
	Drawings A/c	Dr.		30,000
	To Bank A/c				60,000
	(Being Rent paid for the building)

x	Salary A/c	Dr.		30,000
	To Outstanding Salary A/c				30,000
	(Being Outstanding salary provided)