AO f PWN OO 1. Pass the Journal Entries for Started business with cash Goods purchased from Deposited into the Bank Purchased Furniture Goods sold for cash aperr 2. Pass Journal entri Started business with cash Purchased goods for cash Goods sold to Ramesh Bought goods from Aman Furniture purchased Goods sold Deposited into Bank Paid Rent of shop (Go: 1s Ot a=) 0S te NUMERICAL QUESTIONS General Probiems Genee Amit ies of the following transactio1 x the following transactions — 5 6,000 2,000 4,000 1,200 1,800 [ Ans. Total of Journal % 15,000] ns in the books of Ankit. % 8,000 700 300 1,000 * 160 500 2,000 140 [ Ans. Total of Journal % 12,800] 3.- Journalise the following transactions of M/s Vinay & Bros. - 2017 z August "1 Statted business with cash © 20,000 + Goods worth % 8,000 and furniture of & 2.000. August 2 Bought goods for cash ‘August 5 Goods sold for cash ‘August 10 Goods purchased from Sunil for cash 1,200 August 14 Goods sold to Kapil ‘August 18 Stationery Purchased for cash August 20 Goods retumed by Kapil August 31 Salary paid to Mahesh 2,000 4,000 3800 300 200 700 [Ans. Total of Journal % 39,200] 4. Pankaj Jain Rau started business on Ist January 2017 with cash 7 15,000 and Goods worth % 5,000. His transactions of the month are as follows- 2017 Jan. 1 dan. 7 dan. 10 dan. 12 dan. 16 Jan. 20 Jan. 25 Jan. 28 dan. 31 Journalise Bought goods from Prem Sold goods to Karan Received Cash from Karan Sold goods Goods returned to Prem Paid for repairs charges Machinery purchased from Shyam Paid for advertisement expenses Commission ravaived from Vijay the above transactions. z 2,500 300 600 200 100 20 1,000 230 150 [Ans. Total of Journal % 25,600]Journal / 139 Compound Journal Entries Pass Compound journal entries for the following transactions in the books of Gaurav- (1) Business started by investing cash % 10,000, Goods & 2,000, Furniture % 3,000 and Machinery % 5,000. (2) Credit purchases from Aman % 2,000, Baban 2,500, Chaman % 3,500. (3) Credit sales to Paresh % 4,000, Naresh ¥ 3,000, Jayesh % 2,000. (4) Goods returned to Aman % 200, Chaman % 300. (5) Goods retumed by customers - Naresh € 300, dayesh € 100. (6) Goods % 200 and cash.%°100 given as charity. (7) Cash withdrawn from bank for personal use & 200, for office use % 800. , [Ans, Total of Journal % 39,200] © Cash Discount & Trade Discount Give journal en 2017 January 1 Sold goods, for € 10,000 on credit to Kabil. January 5 Kabil paid at 10% discount by cheque. January 7 Cheque received from Kabil was sent to bank for collection. (Hint - When cheque is not deposited in the bank on same day, Cheque in Hand Alc is debited instead of Bank A/c) for the follow [Ans. Total of Journal % 29,000] Give journal entries for the following: 2017 May 1. Sold goods for % 16,000 to Jagat. May 10 dagat settled his account at 5% discount by paying in cheque. Cheque is deposited in bank on the same day. May 15 Bought goods for % 10,000 at 5% cash discount, payment made by cheque. [Ans. Total of Journal % 42,000) Journalise the following: 2017 May 1 Bought goods for % 15,000 paid by cheque at 10% discount. May 10 Sold goods of © 8,000 for € 11,000 and payment received by cheque, at 5% discount. “© e@« xh fous May 12 Above cheque was deposited in bank. oy peo F840 s % [Ans. Total of Journal & 36,450] Journalise the following: 2017 June 10 Sold goods on credit to Jaya for ¥ 20,000. . June 20 gaya pays by cheque at 10% discount. June 23 Jaya's cheque was deposited in the bank. dune 26 Bank informs that Jaya's cheque is dishonoured. [Ans. Total of Journal ¢ 76,000] a a140/ NCERT Accountancy -ll 10. Journalise the 2017 dune dune 1 6 dune 10 dune 12 11. Pass the necessary Journal Entries in the transactions- 2017 January 1 Commenced business with cash — Qy. ‘2% y 12,000 January 2 Deposited into Bank ZR®% “ey 6,000 January 5 Goods bought from Sahil SD, RN 8,000 January 9 Goods sold to Baldev 0 oo 4,000 January 10 Received Cash from Baldev % OS 3.800 Discount allowed him ye 2. Rp, 200 sane 1A? %®, Jenuary 16 Paid Office expenses 0% "By 10 January 20 Paid to Sahil in full settlement as 7,700 January 24 Amount withdrawn from Bank for Personal use 600 12. Pass the Journal entries for the following transactions in the books of Prasad - 2017 March 1 Commenced business with cash % 10,000 and goods & 8,000. March 8 Goods sold for % 2,000 at 10% trade discount for cash to Suresh. March 15 Paid to Mohan @ 575 in full payment of & 600. March 20 Purchased goods worth % 1,000 from Ravi at 5% trade discount. March 30 Withdrew for personal use ~ 500 cash and goods of % 100. March 31 13. Pass Journal entries in the books of M/s Yuvraj & Co.- 2017 4 “July 1" Cornmenced business with cash 20,000 July*"10 Bought goods from Amar at 10% Trade Discount 3,000" July 15 Goods sold to Bihari at 8% Trade Discount’ 2,000 July 20 Bihari gave cash in full settlement 1,800 July 25 Bought goods from Ritesh at 10% TD. and 2% CD. 4,000 July 31 Paid Salaries 200 Paid Rent 150 Paid Wages 50 following: Bought goods from Saloni for & 20,000 at 10% trade discount ang 5 cash discount. Half payment was made in cash. Goods of & 10,000 were sold to Nimisha at 10% trade discount and 5 cash discount. 60% payment was received by cheque immediately, Nimisha’s cheque was deposited in the bank. Nimisha settled her account in cash at 5% discount. [Ans. Total of Journal % 35,739) ie of Atul for the following os Y z [Ans. Total of Journal % 42,700] Interest received % 90. [Ans. Total of Journal % 22,040] [Ans. Total of Journal % 30,3801/ Journal / 141 14, Record the following transactions ; (i) Goods sold on credit to Moreh y te doumnal = itt acount to Munish % 5,000 at 20% trade discount and 5% cash (ii) Bought from Kamal for cash discount ash, goods worth % 2,000 at 10% trade discount and 2% (il) Sold to Sanat goods worth & 4, He paid half the pany 000 at 15% trade discount and 5% cash discount, rough cheque, (iv) Goods bought from Janak worth & 6:0 00 at discount . 20% trade discount and 2¥4% cash Half the amount is paid in cash, 4 {Ans. Total of Journal % 14,000] © Special Bank Transaction nk Transaction Pass Journal Entries is in’ the books of M/s Mahendra Brothers — 2017 x dan, 1 Business’ statted with Cash % 20,000 and Goods worth'% 25,000 Jan. 4 Cash depotited: into Bank 10,000 dan. 6 Purchased! a"‘Typewniter from Sohan and the =~” Payment was made by Cheque 12,000 dan. “13 Received a cheque from Ramesh 2,000 Jan. 15 ~The cheque of Ramesh was deposited into Bank - Jan, 20°The cheque of Ramesh was dishonoured 2,000 Jan. 22 Goods sold to Hari 2,500 Jan. 25 Received % 2,380 from Hari in full payment Jan. 30 Sundry expenses paid by Cash ¥ 500 and paid by cheque & 300. [Ans. Total of Journal % 78,800] [6. Record the following transactions in Journal- 2017 “April 1 Ram opens bank account by depositing & 5,000 April 3. Received cheque of % 500 from Kapil. Bansal Commerce Clas April 4 Goods bought %.1,500-and paid by cheque Jiwaji Gaia . Bansal April 7 Withdrew from bank for personal use ® 200. i Sat ny Morena (MI April 10 Cheque € 500 received from Shyam on account. 94251-23319 April 15 Cheque % 250 issued to Ramesh for salary. ie April 24 Cheque of ¥ 200 received from Kishore, deposited in bank on the same day Fire i ium paid by cheque & 150 Cae eee [Ans. Total of Journal 7 8,300] . Pass Journal entries of the following in the Journal of Rajiv- z 2017 January 1 Started business with Cash oe January 2 Deposited in the Bank Current Aic is Sane January 3 Bought goods and paid by cheque +000 January 4 Goods Sold to Ram i .ee eee © By-Manoj Kr. Banari Jiwaji Ganj Morena (M.P.) Mob.:94251-23319 January 5 Ram deposited In Rajiv's bank account for full settleinent 142 / NCERT Accountancy -11 1,955 January 7 Purchased goods from Shyarn in aa January 8 Goods sold to Raman 04 January 10 Received a cheque from Ramen es January 12 Purchased stationery in cash is January 15 Deposited the cheque of Raman in bank 0 [Ans. Total of Journal 2 26,099 MISCELLANEOUS QUESTIONS J 18. Journalise the following transactions in the books of Aakash- (i) Started business with cash % 15,000 and furniture % 5,000, (il) Purchased goods from Ram & 8.575, (iii) Paid % 6,450 to Mohan in full settlement of % 6,500. (iv) Goods worth & 200 was stolen. (v) Paid Income tax % 800, [Ans. Total of Journal % 36,075 1 19. Journalise the following transactions in the books of Vijay - 2017 dan. 1 Commenced business with cash % 60,000 and goods worth % 20,000, Jan. 5 Goods purchased from Gourishankar % 22,500. dan. 8 Sold goods worth % 20,000 to Dharmendra at 10% trade discount. Jan. 10 Withdrew cash % 1,000 and goods ¥ 800 for personal use. Jan. 15 Goods worth % 600 free distributed as advertisement. [Ans. Total of Journal ? 1,22,900] 20. Record the following transactions in the Journal of Rampal of Satna - 2017 dan. 1 Commenced Business : Goods % 5,000, Cash % 3,000. Jan. 6 Purchased goods from Suresh % 1,000 for cash at 10% Trade discount and 5% Cash discount. Jan. 12 Sold goods of % 1,500 to Dinesh at 5% Trade discount in whose full payment cash is received after deducting ¥ 25 for discount. Jan. 15 Withdrew for personal use : Goods % 100 and Cash & 200. [Ans. Total of Journal % 10,625] 21. Pass Journal, entries of the following transactions z (1) Staried business with cash . 6,000 (2) Goods purchased from Shyam 3,000 (2) Deposited into the Bank 4,000 (4) Purchesed Furniture 2,000 (5) Paid cheque to Shyam in full seitlement 2,950 (6) Goods distributed as free samples 200 [Ans, Total of Journal % 18,200] 22. Give Journe! Entries for the following - (1) Faid © 4,750 in full settlement of our debt of € 4,800 to Mohanlal (2) A customer, Gyanchand, who owed % 6,000 to us, became insolvent and only 60 paise in the rupee were received.23. 24. 25. (3) Paid & 2,500 for Tepairs to private house, (4) Paid salary to Ram Kumar ¢ 2,000. ' (5) Sold goods to Ramnaresh worth & Journal / 143 ® 2,000 subject to Trade Discount of 10%, mal © [Ans. Total of J 1 Pass Jounal entries in the books of Abhishek for the ei ae aaa! (1) Allowed discount of € 50 to Mahesh ee erro (2) Received commission of % 79 from Ram, (3) Received @ paisa 75 in a tupee from a debt (4) Goods of 200 destroyed by fir, sion of§ 00 (5) Gave chatity to a temple % 100, Pass the necessary Journal entries in the b 2017 July 1 Chetan started business with % 20,000 borrowed from his friend Ravi. duly 3 Bought goods from Mohinder for cash of invoice price worth % 8,000 at a trade discount of 15% and cash discount 10%. Bought goods from Kiran worth = 3,000. [Ans. Total of Journal ? 820) ooks of Chetan — » duly duly 8 Sold goods to Vijay of invoice price worth % 4,000 allowing 20% trade discount and 10% cash discount. He paid half in cash. July 9 Withdrew for personal use Cash % 100, Goods % 200. July 14 Goods retumed to Kiran worth & 500. July 31 Paid salaries € 800 in cash. Interest received % 400 from Mahesh. [Ans. Total of Journal & 25,000] b Note : In transaction of July 8, trade discount of 20% will be allowed on 4,000. After deducting trade discount 7800, net amount is %3,200. Half of this is paid in cash, therefore cash discount @ 10% will be allowed on % 1,600 thus cash received will be 1,440. Remaining half will still remain due from Vijay. This way Vijay's Alc will be debited by % 1,600, cash will be debited by € 1,440 and discount will be debited by 7160. Whereas sales will be credited by full net value 3,200. Journalise the following transactions in the books of Kumar & Bros.- 1. Purchased Machinery from Mohan Bros. 1,500 2. Paid Carriage for bringing Machine 50 3. Goods sold to Deepak 900 4. Deepak settled his account 880 5. Cheque received from Ramesh & deposited it into Bank 500 6. Withdrew from Bank for Office use 200 7. Paid salary by cheque 100 8. Commission received in Cash 350 [Ans. Total of Journal % 4,500] . Record the following transactions in the journal of M/s. Surendra & sons- 2014 Jan. 1 Business started by investing cash % 20,000 Jan. 5 Goods of invoice price % 10,000 bought from Vimal at 20% trade discount and 5% cash discount. ommerce Classes Ran ine M.P.) +; Ganj Morena (( Jima 9p. :94251-233)9144 / NCERT Accountancy -11 Jan. 6 Bought goods of list price % 6,000 at 10% trade discount from Pa, ‘ons. & Jan. 8 a retumed to Vimal of list price 2 200 due to damage. Jan. 12 Goods withdrawn for personal use % 500. Jan. 22 Goods sold to Rohit for cash of list price % 2,000 at 5% me discount and 1% cash discount. i Jan. 28 Charity given Cash % 100 and goods % 50 Jan. 31 Paid % 450 for travelling expenses. [Ans. Total of Journal © 36,560) 27. Give Journal entries to record the following transactions- (a) Write off as bad debis % 150 due from Ram and & 180 due from Rajesh, (b) An iron safe valued 135 purchased on credit from Central Trading Co, (c) Goods worth % 150 were taken away by the proprietor. (d) % 260 paid by cheque for repairs to the private house of the proprietor. (e) Allowed % 15 as cash discount to a customer Madanlal. [Ans. Total of Journal 2 890) (Hing- In transactions (e) Discount Alc will be debited and Madanlal's Alc will be credited because amount receivable from Madanlal will decrease due to the discount) Pass Journal entries for the following transactions of a trader (1) Paid cash for income tax % 3,000 and sales tax % 5,000. (2) Goods worth % 600 distributed as free samples. (3) Shop old fumiture sold ‘for cash % 350. (4) Cashier manipulates cash % 2,000 (5) (6) 28. Goods worth % 750 given to Tulsiram, an employee of business as wages. Life insurance premium of the proprietor 500 paid by cheque. [Ans. Total of Journal @ 12,200] (Hint- Income tax and life insurance premium will be debited to Drawings Alc) 29. Pass Journal entries for the following transactions — (a) Kamal pays 60 paisa in a rupee out of total debis of € 2,000 remaining written off as bad debts. (b) Goods destroyed by fire € 250. ()_ Salary & 500 paid in cash to household servant. (4) Goods taken out of business for personal use % 200. {e) Computer worth % 20,000 purchases, freight paid % 50. () Order received for goods from Tapan % 3,000. (3) Cash withdrawn from bank for office use % 800 [Ans, Total of Journal & 23,8001 (Hint- Payment to household servant is treated as drawings. Order received from Tapan is not a transactions, therefore no entry is made, for it, It can be stated in an order register). : 30. Pass Journal Entries for following Ad) A running business purchased by paying cash % 90,000. (B) Bought a machinery worth % 15,000 from Mahesh Bros. Kolkata, they paid © 150 as carriage on ‘our behalf. 731. 32. 33. Journal / 145 (C)_ % 450 spent on machine installation, {D) Cashier misappropriated cash % 800 and is absconding, (E) Goods of ® 50 distributed as free samples. [Ans, Total of Journal % 1,06,450} (Hint- On purchasing running business, ‘Business purchase Alc’ will be debited. Machinery Alc will. be debited wi installation expenses). Pass Journal entries for the following transactions- (1) Sold to Prabha goods worth % 6,000 @ 25% trade discount. She paid half the oe in cash and balance through cheque which was sent to bank on the same lay. (2) Two Bull (Live stock) of % 4,000 and a Cart of % 3,500 bought. (3) Bought from Meenal goods worth % 4,000 at 25% trade discount 2/3 of the amount paid by cheque and 2/3 in cash. (4) Paid % 2,000 as salary to Anay, son of the proprietor. (5) Sold to Namit goods worth % 2,500 at 20% trade discount. He paid 1/2 the amount in cash and remaining through cheque. Entire amount collected was deposited in the bank at the same time. [Ans. Total of Journal 7 19,000] (Hint- (A) In transaction (4) salary paid to ouners son Anay will be debited to Salary Alc because be is rendering services to the business. (B) In transactions (5) cash and cheque received is sent to bank immediately. Hence the total amount is debited to bank and debited to sales account in one entry. Students can also pass separate entries. The total of the Journal would vary in that case). Record the following transactions in the journal of M/s. Rahul & Sons — (1) Goods purchased in cash % 6,000 from Sagar and on credit % 10,000 from Dayal. (2) Cartage & 60 paid on above goods. (3) Goods insured for fire, premium % 320 paid thiough cheque. (4) Goods worth % 2,500 sold to Kanak for cash and goods of % 1,500 sold to Prakash who paid through cheque. (5) Insured goods worth % 3,000 destroyed by fire. (6) Insurance company accepts the claim for damaged goods in full. (7) Goods of % 500 distributed as free sample, Goods of % 300 given as salary to an employee and % 200 as donation. (8) Paid cash for wages 7 100, rent % 250, telephone expenses % 400 and electric charges % 350 [Ans. Total of Journal 2 28,480] (Hint- Cheque and cash received in transaction 4, both have been debited to cash account and credited to sales account. This is because question does not state that cheque has been deposited in bank.) Pass Journal entries for the following transactions in the books of Shri Manoha:lal~ 2017 Oct, 1 Goods worlh © 2 llth bought from John & Co, London. In party : duly % 10.000 paid on imported goods. Oct, 12 Excise duty % 2,000 paid by cheque.146 / NCERT Accountancy -11 ct. 15 Businessman paid cash & 800 for wealth tax on his assets Oct. 18 % 4,000 paid for commercial tax Oct, 22 Income Tax © 7.200 paid by cheque. Oct. 30 Cheque received from Income Tax Department & 1,200 as tax refund Oct, 31 Cash © 1,650 paid to municipal corporation as local tax of comme building. [Ans. Total of Journal 7 2.26850) (Hint. Import duty, excise duty, sales tax and local taxes are business expenses weaty, tax and income tax are personal expenses. Hence, drawings account will-be debter Due to drawings, capital reduces, therefore some experts directly debit Capital yg instead of Drawings A/c. Students can adopt any method. Refund of Income Tax being personal receipt of the businessman will be credited to Capital Alc) B Objective Type Questions 1, Select the correct answer of the following - () Journal is a book of {a) Accounts () Original Records (c) Final Account (d) Classification (i) How many types of Impersonal Account- (a) One (b) Two (c) Three (@) Four (iii) Account which represented owner of the business is - (a) Drawings Ave (b) Assets A/c (c) Purchase A/c (d) Sales Ae (iv) Account is credited on Goods donate- (2) Capital Ave (b) Cash Ave (c) Purchases Alc (d) Sales Ave () Drawings A/c will be effected on paid off which of the following- (2) Sales Tax (0) Excise duty (c) Local Taxes (4) Income Tax (vi) Transactions are recorded in Journal from the which book - (a) From Purchase Book (b) From Sales Book (c) From Cash Book (a) From Memorandum Book (vii) Money borrowed from friend for starting the business, which A/c will be credited— (a) Cash Ale (b) Capital Ale (c) Friend's Loan A/c (d) Owner's Ave Ans. (i) b (i) b (ii) a (vy) ¢ (vy) d (vi) d (vii) c, 2. Fill in the blanks- (Started business with goods the .. (ii) Journal is a book of (iii) Capital Account Of owner of the business, (iv) At the end of Joumal Entry ..... account will be debited. . will be written,Journal / 147 (s) Goods lost under fie will be credited to .. (vi) Business is treated as a ,, - account. unit from the Owner of Business, debited to - account. iii) Representation (iv) Narration (vi) Separate (vii) Free Sample A/c / Advertisement Ale Answer the following in True / False- () Process of writing transactions in journal is called posting, (ii) Ledger Folio column in journal is filled at time of posting. (vii) Goods given as free samples will be . (i) Stock (ii) Original Records ( (v) Purchases A/c (iii) Narration is essential for each and every Journal Entry. (iv) Goods Returned by customers is debited Sales Return account. (v) Credit the receiver. . (i) False (ii) True (iii) True (iv) True (v) False. Match the columns- (i) Goodwill (a) Memorandum Book ) Paid the Life Insurance Premium — (b) Journal (iii) Waste Book (iv) Books of Primary Records (%) Bank Account (c) Personal Account (d) Intangible Asset (e) Drawings Account Ans. (i) d (i) e@ (ii) a (iv) b (vy e . Answer the following in one word / sentence- (i) On cash deposited into Bank which Account will be debit ? (ii) When discount allowed to A which account will be debited ? (ii) Which account will be credited when goods given as salary ? (iv) How many columns are drawn in the format of Joumal ? (v)_ Which Account will be credited when Assets sold ? Ans. (i) Bank A/c (ii) Discount A/c (iii) Purchases A/e (iv) 5 Columns (v) Assets A/c.