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JOURNAL Class 11 Questions

The document contains 6 questions asking to pass journal entries for various business transactions that occurred between April 1-30, 2020. Question 1 and 2 ask to journalize transactions for two businesses, including purchasing and selling goods, paying expenses. Question 3 provides additional transactions for Ramesh's business. Question 4 asks to journalize entries for bad debts. Question 5 asks to journalize entries for goods/assets removed from the business or damaged. Question 6 asks to journalize fixed asset purchases and payments by Gopal's business in May 2019.

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85K views

JOURNAL Class 11 Questions

The document contains 6 questions asking to pass journal entries for various business transactions that occurred between April 1-30, 2020. Question 1 and 2 ask to journalize transactions for two businesses, including purchasing and selling goods, paying expenses. Question 3 provides additional transactions for Ramesh's business. Question 4 asks to journalize entries for bad debts. Question 5 asks to journalize entries for goods/assets removed from the business or damaged. Question 6 asks to journalize fixed asset purchases and payments by Gopal's business in May 2019.

Uploaded by

Hoyolab
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Dr.

Santosh Rai Institute (PC)


196, Zonal Market, Sector-10, Bhilai Ph. 0788-4012438

Time : 90 Min. CLASS – XI M.M. - 50

Q1. Pass the journal entries for the following transactions: [8]
2020 Rs.
April 1 Nitin started business with cash 1,00,000
April 2 Purchased office furniture in cash 5,000
April 3 Purchased goods in cash 20,000
April 4 Purchased goods from Hari & Co. 1,00,000
April 5 Sold goods against cash 20,000
April 6 Sold goods to Ramesh & Co. 75,000
April 7 Paid salary to staff in cash 15,000
April 8 Paid electricity bill 2,000
April 9 Paid telephone bill 500
April 10 Purchased stationery in cash 250

Q2. Pass the journal entries for the following transactions: [8]
2020 Rs.
April 1 Pawan started business with cash 1,00,000
April 2 Opened bank account with cheque from savings account 50,000
April 3 Purchased computer against cash 20,000
April 4 Paid for repairs of office 2,500
April 5 Purchased goods in cash 10,000
April 6 Purchased goods from Prasad & Co. 1,00,000
April 7 Sold goods against cash 20,000
April 8 Sold goods to Dev & Co. 75,000
April 9 Dev & Co. returned goods, they being defective 15,000
April 10 Goods returned to Prasad & Co. 8,0000
April 11 Paid Salaries 15,000

Q3. Transactions of Ramesh for April, 2020 are given below. Journalise them. [10]
2020 Rs.
April 1 Ramesh started business with cash Rs.50,000 and cheque Rs.1,00,000
April 1 Paid for repair of premises 10,000
April 2 Paid into bank 70,000
April 3 Bought goods for cash 5,000
April 4 Drew cash from bank for office 1,000
April 13 Bought goods from Shyam 22,500
April 13 Paid cartage on goods purchased 500
April 20 Sold goods to Krishna 15,000
April 24 Received from Krishna on account 10,000
April 28 Paid to Shyam by cheque 22,500
April 29 Placed an order for goods with Daruwala & Co. 3,000
April 30 Cash sales 8,000
April 30 Paid salary to Ram 3,000
April 30 Paid for stationery 250
April 30 Received balance payment from Krishna

Q4. Journalise the following transactions:


a. Rs. 5,000 due from Ramesh are irrecoverable.
b. Sohan is declared insolvent. Received from his official receiver 60 paise in a rupee on a debt
of Rs.10,000.
c. Received cash for a bad debt written off last year Rs.700. [8]
Q5. Journalise the following:
1. Cash withdrawn by the proprietor for personal use Rs.2,000.
2. Goods purchased for Rs.5,000 were taken by the proprietor for personal use.
3. Rs.200 due from Hari are bad debts.
4. Goods uninsured of Rs.3,000 (purchase cost) were destroyed by fire.
5. Goods costing Rs.1,000 damaged by fire and Insurance Company accepted claim of Rs.800
and cheque is received from the Insurance Company.
6. Goods costing Rs.500 given as charity (Sales Price Rs.600)
7. Sold household furniture for Rs.5,000. The proceeds were invested into business. [8]

Q6. Journalise the following transactions in the books of Gopal: [8]


2019 Rs.
May 1 Purchased building and issued cheque 15,00,000
May 10 Purchased machinery from Ramesh, Chandigarh on credit 2,00,000
May 15 Bought furniture from Hind Traders, Delhi for cash 10,000
May 20 Bought computers from HP Ltd. Noida (UP) and amount paid by internet 50,000
transfer
May 21 Paid in cash for installation of machinery 2,500
May 25 Bricks, cement, etc., for Rs.1,50,000 and Timber for Rs.2,00,000 purchased
for the renovation of building. Payment was made by cheque

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