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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
answered-by-expert Expert Answer

 

Loss by Fire A/c

Dr.

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Rs.

Date

Particulars

J.F.

Rs.

2016

 

 

 

2016

 

 

 

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.

 

 

Answered by | 15 Jun, 2016, 04:41: PM
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