[DK Goel] Q. 14 Books of Original Entry Journal Solutions Class 11 CBSE (2025-26)

Solutions of Question number 14 of Chapter 9 Books of Original Entry Journal DK Goel class 11 CBSE (2025-26)

Q. 14 (A). Following balances appeared in the books of Rahika Traders as on 1st April, 2025:-

Assets : Cash ₹ 8,000; Cash at Bank ₹ 7,000; Stock ₹ 30,000; Debtors ₹ 36,000 (Mohan ₹ 10,000; Sohan ₹ 12,000; Dinesh ₹ 14,000); Furniture ₹ 5,000; Building ₹ 1,25,000.

Liabilities : Creditors – X ₹ 5,000; Y ₹ 6,000.

In Apirl, 2025, the following transactions took place:

		₹
April 2	Bought goods of the list price of ₹ 6,000 from Khanna Brothers less 15% trade discount and 2% cash discount and paid 40% price at the same time.
3	Received a draft from Mohan in full settlement and deposited it into Bank	9,750
5	Purchased goods from Suresh of the list price of ₹ 8,000 at 20% trade disocunt and paid him by cheque
8	Sold goods and received a cheque	25,000
10	Deposited the above cheque into Bank
12	Sohan deposited in our Bank A/c	4,000
16	Paid Income Tax by Cheque	5,600
20	Received a cheque from Sohan and sent to Bank Discount allowed	7,800 200
21	Withdrew from Bank – for office for Private use	2,000 4,000
23	Sent a cheque to X in full settlement of his A/c	4,900
27	Cheque of Sohan returned by the bank as dishonoured.
28	Dinesh was declared insolvent and a payment of 60 paise in a ₹ received from his estate by a Cheque
30	Bank allowed Interest Paid for Rent by cheque Paid for travelling expenses by cheque	350 1,500 500

Pass Journal entries for the above transactions.

[Ans. Capital ₹ 2,00,000; Total ₹ 3,35,450.]

Solution:-

Hints:

April 2: Cash paid ₹ 1,999; Cash discount ₹ 41.

April 8: Cheques in Hand account will be debited and Sales account will credited.

April 10: Bank account will be debited and Cheques in Hand account will credited.

April 16: Income Tax is the personal expenses of the proprietor, hence, will treated as drawings.

April 27: Sohan will be debited from ₹ 8,000; Bank will be credited from ₹ 7,800 and discount allowed account will be credited from ₹ 200.

April 30: Bank account will be debited and interest received account will be credited for the amount of interest.

Q. 14 (B). Following was the position of Harish & Co. as on 1st April, 2023:

Cash in Hand ₹ 10,000; Cash at Bank ₹ 16,800; Furniture ₹ 8,000; Stock ₹ 50,000; Debtors – Ram ₹ 8,000; Shyam ₹ 12,000; Creditors – Anil ₹ 4,000; Sunil ₹ 5,000.

Following transactions took place during April, 2023:-

April 2	Received a cheque from Ram in full settlement of his account after deducting 5% cash discount.
4	Deposited the above cheque into Bank.
5	Goods purchased for ₹ 20,000 at 10% trade disocunt and 5% cash discount. Payment made by cheque.
6	Received a cheque from Shyam for ₹ 3,860 and discount allowed to him ₹ 140. Cheque deposited inot the bank on the same day.
10	Cash paid to Anil after deducting 2% cash discount.
15	Old furniture sold for ₹ 800.
16	Sold goods to Shiv Parshad fo the list price of ₹ 10,000 at a trade discount of 15%.
18	Shiv Parshad returned goods of the list price of ₹ 1,000.
20	Paid for furniture repairs to Bahadur Singh ₹ 100.
25	Received a cheque from Shiv Parshad after deducting 4% cash discount. Cheque was deposited into Bank.
28	Bank Charged ₹ 50 for ‘Bank Charges’.
30	Received Commission ₹ 200.

[Ans. Capital ₹ 95,800; Total ₹ 1,64,550.]

Hints:

(1) On April 2, Cheques in Hand A/c will be debited.

(2) On April 4, Bank A/c will be debited and Cheques in Hand A/c will be credited.

(3) On April 20th, Repairs Account will be debited and Cash Account will be credited.

(4) On April 25th, Cash discount allowed to Shiv Parshad = 7,650 x 4/100 =₹ 306

(5) On April 28th, Bank Charges Account will be debited and Bank Account will be credited.

Below is the list of all solutions

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Solutions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37