i Jan. 11 Bought goods fro 2% cash discount Jan. 15 Paid stationery € Jan. 17. Paid Karan ® 3,000 in Jan. 18 Received two ch Jan. 20 Cheque received Jan. 22 Issued a cheque Jan. 24 Bought furniture from A\ Jan. 29 Withdrew cash from bank @ 4, personal use. Jan. 31 Withdrew goods for SOLUTION: Sold goods to Ram Jan.5 Goods returned to Ra a panned /4 A aay SS el @ ‘wo 300 | 9000 7300 zo] 670 0 Sales Book mae el a Mohit = Sle Ae =| a Sales Return Book ti Gr Note No] LF] Dead | Arua ef © sae Are De d =o Purchases Retum Book Dr Noe Ne ‘ess: 10% trade discount ———— ee ee Purchases Retum AleToAman ‘To capital A/c (Bs fs) © | (Opening entry passed), 11 | Purchases A/e “To Discount Received A/c (Discount received on purchases) 18 | Chequedihand A/c No.1 (umiture Purchased from Anil) at | Drawing A/e “To Purchases A/e (Witharew goods for personal use) LedgParas Particaare Perio Parla Parson ‘By Balance / Parcs fy Pure A/c fy Balance b/dTIVETYPEN LE CHOICE QUESTIONS | OBJECTIVE TYPEIMULTIPLE CHOICE QU the blanks:6. credit. 7. credit 410, Plant and Machinery A/c ‘Accounting? discount A/c. Goods returned by Ram Sales Return Book: Goods returned to Amar o ves Total of Purchases Re Purchases Return Book. (d) Salary Outstanding Personal A/c? a (© Multiple Choice Quest Select the comect (@ Book of Original Entry (0 Subsidiary Book1268 1p, Which of the follow (a) Bought () Bought (c) Repair Charges 2) 40. i) 1) L9.@ | PRACTICAL QUESTIONS {Q. Nos. 1 to 12 are strictly as per order of tlusi Based on Journ Jan. 24 Paid Rent tAns. Dr. Cash Aje® ‘Ale & 22,600; Bank AV Ale & 6,500, Ale 100), :nsactions of Royal Enterprises Delhi, pass journal nto ledger and prepare trial balance after closing the May Started business with cashPaid salary & 3,000 and rent % Jan. 13 Sold goods to A: Withdrew cash for Based on Cash Book D4. Prepare simple cash book into ledger: 2022 June 1 June 3 Bought goods June 5 Sold goods to June 7 Paid Ram June 9 June 11 June 15 June 18 June 21 Sold goods @ 5.0) Record the followin, bank column and po:he — nn ; 2 TB Cheque ested rom Amit was dishonored ang Jan t® 7100 oni : 45. Received fresh cheque from A Jan. ‘Withdrew cash from bank for suse € 2,000. Jan. 21 Bank charged Jan, 18 Purchases Book ae 222 | Jan Jans | Senan uss: 18% trade discount Purchase Value Ald Packing Charges Tanabe Value ‘Ati 16ST @ 12% Jan. 31 | Prchases Aye Dr Ans, Purchases A/e ® 15,800; (BAY Sales Book 4 Record the following transactions in Store and post them into ledger: ee 2? gold goods to Amba Store of list price € 6,000 less 10% May 3 Giscount. Goel Store bought goods from us for ® 5,50, re to Ram for ® 1,200 trade May a May ! May 20 goods to Ram of list price ® 2,000 less 10% trade ’imed from Sohan on account of mistake in total 10 . 108, [april 18. Goods returned to Gopal for ® 1,200 being defective goods {Ans. Total & 4,000) XK sales Return Boo! om cof Amit from the following transactions and 2022 May 3 Rakesh returned goods to us of list price € 2,000 less 10% trade Kumar & Sons in the subsidiary er and prepare trial balance: list price € 10,000 from Ram less 10 Ram of list price € 1,000.Endorsed cheque received from Goy Tan 29 Tanked cheque for € 4500. Jan.27 Deposited cash into bank ® 10,000. Jan. 29 Paid Stationery € 500. Jan 31 Bank allowed interest € 1 Ans. Trial Balance Total® 1, Bank A/c ® 92,800; Pi al For € 9p 0 and charged p; 412, Record the following transactio post them into ledger and prep: 2022 May 1 Assets: Cash & 15,000; Bank @ 10,000; Stock May 3 Bought goods for May 5 Paid Salary & 3,000. May 7 Sold. May 11 Received C: ‘which was banked. May 14 Bought furntiure from K. May 15 May 17 May 19 May 22 May 25 Paid rent @ 4,000 in c May 27 Bank charges @ May 29 Sold goo May 30. Recei in bank 1 ireu) ADDITIONAL QUESTIONS FOR PRACTICE 13, Pass journal entries for th ledger; (1) Bought goods for cash 200: umn 1200; Cr Se am 2500 inthe cash book with ash into ledger: oS May 1 Cash (Dr) & 8,000 and Bank (Ce) & 9,000 May 3 Acustomer, Ram deposited cheque in our bank account ® 4000. May Received two cheque for 85,00 fom Aer and ©6000 rm lary ® 3,000 and rent € 2,000. Akbar banked and cheque of Anil endorsed to Rakesh. gods for cash 5,000. May 7 May 9 May 11 &: May 15 May 18 May 20 % 8,000; Bank 6,600) anga & Co. and past theds of list price 2,000 less gy, ee Ln rg iy ay ok 8 4 Sales Return Boge : 00k 8 oper subsidiary books of Mehra & Co. irom the fy post them into ledger and prepare trial by owing ‘ from Ram fo mistaken tating ge aimed by Gopal fr 1000 due to misiak y returned by Krishna for 2,000 being defective . fAns. Total Purchase Return Boog valance: Assets: Cash © 8,000; Ram % 14,000; Mohan & 231,000; Furniture @ 9,000. Liabilities: Bank ©/D % 10,000, Gopal % 8,000, Amar ® 4mm Bought goods of list price & 5,000 from Gopal less 10% Sold goods to Ram for & 4,000 and Mohan & 6,000 (less It trade discount to both) Sold goods for cash ® 5,000. Goods returned to Gopal of list price % 500 Ram returned goods for @ 1,000 less 10 Bought furniture from Kamal & 3,000 Paid salary & 2,000 in cash and rent by cheque & 1,000 Cash deposited into bank & 3,000. Received two cheques from Ram for © 5,000 and & 7,000. . ‘Cheque received from Ram for & 5,000 is endorsed to CoP eque for & 7,000 was banked. heque of Ram for & 7,000 returned dishonoured. debited interest & 300 rol EE [Hints Jon. 24 — Cheques received — 1 pap Jan. 28 — Cheques endorsed ~ i 00, bl of Til Balance & 84,800; Dr. Items: CHS ® rete Furniture 12,000; Purchases € 4,500: 508 «2 0; Ram % 11,700; Mohan & 13,400: salary 000; Cr, Items: me 1000; Interest Ale & 300, Cr. yt Amar & 4,000 & KAM ooh 000; Stock