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CBSE Class 11-commerce Answered

Journalise the following transactions:       Date    Rs.  2016 March 31 Stock at the end of the year 40,000   Salaries due to staff 8,500   Sold goods to Mohan 20,000   Purchased goods from Radha 10,000   Withdrawn from bank for private use 1,000   Placed in fixed Deposit Account at bank by transfer from current account. 6,000   Goods given as charity 5,000  
Asked by Topperlearning User | 28 Jul, 2016, 05:37: PM
answered-by-expert Expert Answer

  Journal Entry

 

Date

Particulars

 

L.F.

Dr.

Rs.

Cr.

 Rs.

2016

March 31

       i.  

 

 

Closing stock A/c                              Dr.

 

 

 

 

 

 

40,000

 

 

To Trading A/c

 

 

 

40,000

 

(Being the closing stock brought into account)

 

 

 

 

ii.  

Salaries A/c                                      Dr.

 

 

8,500

 

 

To Outstanding Salaries A/c

 

 

 

8,500

 

(Being the salaries due to staff)

 

 

 

 

 

 

 

 

 

 

iii.  

Mohan A/c                                         Dr.

 

 

20,000

 

 

To Sales A/c

 

 

 

20,000

 

(Being  goods sold to Mohan)

 

 

 

 

 

 

 

 

 

 

iv.  

Purchase A/c                                     Dr.

 

 

10,000

 

 

To Radha A/c

 

 

 

10,000

 

(Being goods purchased from Radha)

 

 

 

 

v.  

Drawings A/c                                     Dr.

 

 

1,000

 

To Bank A/c

 

 

 

1,000

(Being the Cash withdrawn from bank for personal use)

 

 

 

 

vi.

Fixed Deposit A/c                             Dr.

 

 

6,000

 

 

To Bank A/c

 

 

 

6,000

 

(Being the transfer from current account to Fixed )

 

 

 

 

      vii.

Charity A/c                                          Dr.

 

 

5,000

 

 

To Purchases A/c

 

 

 

5,000

 

(Being the goods given as charity)

 

 

 

 

 

Answered by | 28 Jul, 2016, 07:37: PM
CBSE 11-commerce - Accountancy Part I
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ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 05:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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