Trial Balance as on 31st March, 2019 Debit Balance Amount Credit Balance Amount Land & Building 40,000 Capital A/c Sun 33,500 Moon 33,500 Furniture 18,000 Current A/c: Sun 6,000 Machinery 40,000 Sundry Creditors 25,000 (Purchased on 01/07/18) Bank Overdraft 10,000 Goodwill 2,000 Reserve Fund 5,000 Wages 2,000 Provident Fund 5,000 Current A/c: Moon 4,000 8% Debentures 8,000 (Purchased on (01/10/18) Providend Fund Investment 3,500 Stock of Postal stamps 500 1,18,000 1,18,000 Adjustments: 1. Partners are entitled to get salary 6,000 p.a. in additional to their profit & loss sharing. 2. Depreciation on Land & Building, Furniture & Machinery @10%, 5% and 3% respectively. 3. Interest on Capital 5% p.a. 4. Closing stock 60,743 5. Wages included 1,000 as advance given to workers. 6. Interest due but not paid 800. 7. Total Net Profit amounted to 38,113. Solutio
Class 11 Chapter 3 - Journal Entry Solution Define journal entries and their importance in accounting. An overview of the chapter and the types of questions covered. Step-by-step solutions to sample journal entry questions. Class 11 Chapter 4 - Ledger Accounts Concept of ledger accounts and their importance in accounting. An overview of the chapter and the types of questions covered. Step-by-step solutions to sample ledger account questions. Class 11 Chapter 5 - Subsidiary Book Solution Define subsidiary books and their role in accounting. An overview of the chapter and the types of questions covered. Step-by-step solutions to sample subsidiary book questions. Class 11 Chapter 6 - Bank Reconciliation Statement Importance of bank reconciliation statements in accounting. An overview of the chapter and the types of questions covered. Step-by-step solutions to sample bank reconciliation statement questions. Class 11 Chapter 7 - Depreciation Define depr
PRACTICAL PROBLEMS Q.1 Give Journal entries of the following posting from the ledger account. Q.2 Prepare necessary ledger account from the following Subsidiary Books. Q.3 From the following Transactions prepare necessary Ledger accounts in the Books of Vinay and balance the same. Q.4 Journalise the following transactions and prepare cash account only. Q.5 Prepare Aparna's account in the books of Suparna. 6. Prepare Cash A/c, Bank A/c, Purchase A/c, sales A/c and Capital A/c, and balance the same in the books of Mandanlal. 7. Journalise the following transactions; post them into Ledger for February 2019. 8. Journalise the following transactions and prepare ledger accounts in the books of Sanjeev. EXERCISE Q.6 Complete the following table. Image by- Edaccountancy Q.7 Put ✔️ mark for the nature of balance for the following. Image by- Edaccountancy
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