CBSE Class 11-commerce Answered
Post the following transactions in their respective ledger accounts.
2016
Rs.
May 2
A fire occurred in godown of Lina and she lost goods worth Rs.10,000. The stock was not insured.
May 3
Lina took goods worth Rs.2,500 (cost) for her personal use.
May 4
Paid Income Tax
4,000
May 5
Interest on capital
500
Asked by Topperlearning User | 15 Jun, 2016, 02:41: PM
Expert Answer
Loss by Fire A/c
Dr. |
|
|
|
|
|
|
Cr. |
Date |
Particulars |
J.F. |
Rs. |
Date |
Particulars |
J.F. |
Rs. |
2016 |
|
|
|
2016 |
|
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|
May 2 |
To Purchases A/c |
|
10,000 |
May 31 |
By Balance c/d |
|
10,000 |
|
|
|
10,000 |
|
|
|
10,000 |
June 1 |
To Balance b/d |
|
10,000 |
|
|
|
|
Purchases A/c
Dr. |
|
|
|
|
|
|
Cr. |
Date |
Particulars |
J.F. |
Rs. |
Date |
Particulars |
J.F. |
Rs. |
2016 |
|
|
|
2016 |
|
|
|
May 31 |
To Balance c/d |
|
12,500 |
May 2 |
By Loss by Fire A/c |
|
10,000 |
|
|
|
|
|
By Drawings |
|
2,500 |
|
|
|
12,500 |
|
|
|
12,500 |
|
|
|
|
June 1 |
By Balance b/d |
|
10,000 |
Drawings A/c
Dr. |
|
|
|
|
|
|
Cr. |
Date |
Particulars |
J.F. |
Rs. |
Date |
Particulars |
J.F. |
Rs. |
2016 |
|
|
|
2016 |
|
|
|
May 13 |
To Purchases A/c |
|
2,500 |
June 1 |
By Balance c/d |
|
2,500 |
|
|
|
2,500 |
|
|
|
2,500 |
|
|
|
|
June 1 |
By Balance b/d |
|
2,500 |
Purchases A/c
Dr. |
|
|
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