Question No 29 Chapter No 5 - D.K Goal Class 11

Question No 29 Chapter No 5

29. Give the journal entries assuming that the narration in each case is correct:

Date	Particular		LF.	Amount(Dr.)	Amount(Cr.)
2020
Mar.1	Bricks A/c	Dr.		2,00,000
	Timber A/c	Dr.		1,20,000
	To cash				3,20,000
	( Bricks for Rs 2,00,000 and Timber for Rs 1,20,000 purchased for the construction of building and the payment is made by cheque)
Mar.5	Z A/c	Dr.		32,000
	Discount A/c	Dr.		8,000
	To Sale A/c				40,000
	(goods costing Rs 30,000 sold to Z at 33 1/3 % profit on cost less 20% trade discount)
Mar.13	Furniture A/c	Dr.		500
	To cash A/c				500
	(payment of repair charges of office furniture)
Mar.16	General Expenses A/c	Dr.		3,000
	To Sale A/c				3,000
	(Goods costing Rs 3,000 given away as charity)
Mar.22	Cash A/c	Dr.		6,000
	To Ghanshyam A/c				6,000
	(Amount received from Ghanshyam, which were written off as bad debts last year)
Mar.27	Income-Tax A/c	Dr.		4,000
	To Bank A/c				4,000
	(Payment of Income-tax by cheque)
Mar.31	Cash A/c	Dr.		300
	To Interest Received A/c				300
	(Interest allowed by bank)

The solution of Question No 29 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Mar.1	Building A/c	Dr.		3,20,000
	To Bank A/c				3,20,000
	(Being Bricks for Rs 2,00,000 and Timber for Rs 1,20,000 purchased for the construction of building and the payment is made by cheque)

Mar.5	Z A/c	Dr.		32,000
	To Sale A/c				32,000
	(Being goods costing Rs 30,000 sold to Z at 33 1/3 % profit on cost less 20% trade discount)

Mar.13	Repair A/c	Dr.		500
	To Cash A/c				500
	(Being payment of repair charges of office furniture)

Mar.16	Charity A/c	Dr.		3,000
	To Purchases A/c				3,000
	(Being Goods costing Rs 3,000 given away as a charity)

Mar.22	Cash A/c	Dr.		6,000
	To Bad debts Recovered A/c				6,000
	(Being Amount received from Ghanshyam, which were written off as bad debts last year)

Mar.27	Drawing A/c	Dr.		1,00,000
	To Bank A/c				1,00,000
	(Being Payment of Income-tax by cheque)

Mar.31	Bank A/c	Dr.		300
	To Interest Received A/c				300
	(Being Interest allowed by bank)