Question No 35 Chapter No 5
35. Record the following transaction in a Journal :-
| (i). | Withdrawn goods for personal use ( Cost Rs 5,000, Sale Price Rs 7,000) |
| (ii) | Received Rs 9,750 from the Hari in full settlement of his account for Rs 10,000 |
| (iii) | A cheque for Rs 50,000 received form Rajiv deposited into the bank was returned dishonored |
| (iv) | Paid Rs 19,000 to Ganesh on his account for Rs 20,000 |
The solution of Question No 35 Chapter No 5: –
| In the Books of Radhika Traders |
|||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2019 | |||||
| i | Drawing A/c | Dr. | 5,000 | ||
| To Purchases A/c | 5,000 | ||||
| (Being goods withdrawn for personal use) | |||||
| ii | Cash A/c | Dr. | 9,750 | ||
| Discount allowed A/c | Dr. | 250 | |||
| To Hari A/c | 10,000 | ||||
| (Being cash received from Hari and allowed him discount) | |||||
| iii | Rajiv A/c | Dr. | 50,000 | ||
| To Bank A/c | 50,000 | ||||
| (Being Rajiv cheque dishonored) | |||||
| iv | Ganesh A/c | Dr. | 19,000 | ||
| To Bank A/c | 19,000 | ||||
| (Being paid to Ganesh ) | |||||
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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
Chapter 3 Meaning and Objectives of Accounting
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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
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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)