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STD 11 Commerce Account Total Marks : 144

Journal

Y
SB
* questions of 6 marks each. [144]

1. D.Chadha, Delhi commenced business on 1st January, 2019. His transactions for
the month are given below. Journalise them. He will close his books on 31st

NT
March each year.
201 ₹
9 U
Jan. Commenced business with Cash 25,000
1
S IR
CO
Jan. Opened Bank Account with cheque from his Savings Account 2,25,0
2 00
Jan. Bought goods from Ramesh & Co., Delhi, plus CGST and SGST @ 6% each 54,000
AC

3
M
Jan. Sold goods to Rajesh of ₹ 60,000, charged CGST and SGST @ 6% each
3
TA

Jan. Bought goods from Rahul, Chennal, plus IGST @ 12% 65,000
S&

7
Jan. Paid wages in cash (GST not levied) 8,000
UT

8
Jan. Sold goods to Mahesh, Kochi of ₹ 60,000; charged IGST @ 12%
TH

8
Jan. Received cheque from Rajesh (Discount allowed ₹ 1,200) 66,000
10
MA

Jan. Paid to Ramesh & Co. (Discount received ₹ 2,700) 51,300

11
Jan. Paid rent @ ₹ 15,000 per month for three months up to March, plus CGST
12 and SGST @ 6% each
Jan. Paid office expenses in cash 700
15
Jan. Sold to Rakesh, Delhi goods of ₹ 25,000, charged CGST and SGST @ 6%
21 each
Jan. Paid office expenses in cash 500
22
Jan. Paid to Rahul by cheque (discount ₹ 3,200) 61,300
22

Page 1
 Jan. Received cheque from Mahesh Kochi (discount ₹ 1,500) 65,700
25
Jan. Rakesh, Delhi returned goods (being not as per sample) 2,000
27
Jan. Paid salaries for the month 20,000
31

2. Enter the following transactions in the Journal of Suresh, Delhi who trades in
ready-made garments:

Y
20 ₹
19

SB
Apri Suresh paid into bank as Capital* 60,
l1 000
Apri He bought goods and paid by cheque 24,
l2 000

NT
Apri Sold goods to Mukand & Co., Delhi 6,7
l3 00
Apri Sold goods for cash
U 10,
l4 900

S IR
Apri Paid sundry expenses in cash* 3,0
CO
l5 00
Apri Paid for office furniture and fittings by cheque 4,0
l8 00
AC

Apri Bought goods from Ramesh & Bros., Faridabad (Haryana) 10,
M
l9 600
Apri Returned goods to Ramesh & Bros. 1,5
TA

l 11 00
S&

Apri Issued cheque to Ramesh & Bros. in full settlement* 9,5

l 12 00
UT

Apri Bank charged interest* 200

l 30
TH

Apri Borrowed from Ridhi @ 10% per annum interest* 50,

l 30 000
Apri Received from Mahendra on account* 6,0
MA

l 30 00
Apri Sold household furniture and paid the amount into business* 2,0
l 30 00
Apri Sold goods costing ₹ 5,000 to Anita for cash at a profit of 20% on
l 30 cost, less 20% trade discount
Apri Sold goods costing ₹ 20,000 to Sunil at a profit of 20% on sale less 20% Trade
l 30 Discount and paid cartage ₹ 150 (to be charged from customer).
CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @
12% on inter-state sale and purchase. Out of the above, transactions marked with (*)
are not subject to levy of GST. [Hint: Household furniture is personal asset. When it is
sold GST will not be levid. Since amount realised is invested in the firm, Suresh's Capital
Account will be credited.}

Page 2
3. Record the following transactions in the Journal of Ashoka Furniture Traders,
Ludhiana (Punjab):
201 ₹
9
Jan. Started business with cash 50,00
1 0
Jan. Opened a Current Account by personal cheque 3,50,0
2 00
Jan. Purchased machinery against cheque 1,00,0

Y
10 00

SB
Jan. Paid wages for installation of machinery 2,000
15
Jan. Purchased timber from Singh & Co., Ludhiana (Punjab) of the list price of ₹
20 20,000 at 10% trade discount

NT
Jan. Out of the above, timber used for furnishing the office 5,000
25
Jan. Sold timber to Rakesh of the list price of ₹ 10,000 and allowed him 10%
31 trade discount
U
Feb. Issued to Singh & Co. a cheque in full settlement 20,00

S IR
CO
10 0
Feb. Received from Rakesh in full and final settlement 10,00
15 0
Feb. Paid Wages 15,00
AC
M
20 0
Feb. Issued a cheque for ₹ 5,000 in favour of the landlord for rent of February
28
TA
S&

CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @
12% on inter-state sale and purchase.
UT

4. Following are the transactions of R.Singh & Co., Kanpur (UP) for the month of
July, 2018. You are required to Journalise them:
TH

2018 ₹
July 1 Started business with cash 80,00
0
MA

July 1 Cash paid into bank 50,00

0
July 1 Bought stationery of ₹ 300 plus CGST and SGST @ 6% each
July 2 Bought goods of ₹ 21,000 plus CGST and SGST @ 6% each
July 5 Sold goods of ₹ 7,500 plus CGST and SGST @ 6% each
July 6 Bought office furniture of ₹ 5,000 plus CGST and SGST @ 6% each from
Banerjee Bros.
July Sold goods of ₹ 10,000 plus CGST and SGST @ 6% each to Mahendra
11
July Received cheque from Mahendra for the amount due
12

Page 3
 July Sold goods of ₹ 5,000 plus CGST and SGST @ 6% each to Ramesh & Co
16
July Bought goods of ₹ 20,000 plus IGST @ 12% from S. Seth & Bros., Delhi
20
July Bought goods of ₹ 2,250 plus IGST @12 % for cash from S. Narain & Co.,
23 Ludhiana (Punjab)
July Ramesh & Co. paid on account 2,500
26

Y
July Paid to S. Seth & Bros. by cheque in full settlement 22,00
28 0

SB
July Rent is due to S. Sharma but not yet paid. 1,000
31

5. Journalise the following transactions of Mr. Rahul:

NT
2019 ₹
Jan. 1 Rahul started business with cash 1,00,0
00
Jan. 2 Paid into bank
U 60,000
Jan. 3 Bought goods from M/s. Singh & Co. 20,000

S IR
CO
Jan. 3 Paid cartage 300
Jan. 4 Purchased furniture 2,000
Jan. 4 Placed an order for HP Printers for ₹ 15,000, amount advanced 5,000
AC

Jan. 4 Purchased calculator 1,000

M
Jan. 4 Purchased computer through cheque 13,000
Jan. 6 Paid for postage 150
TA

Jan. Sold goods for cash 4,000

S&

8
Jan. 9 Sold goods to M/s. Sharda & Co. 10,000
UT

Jan. 9 Paid cartage 200

Jan. Paid to M/s Singh & Co. on account 17,500
TH

15
Jan. Sold goods to M/s. Ray & Co. 5,600
25
MA

Jan. Received cheque from M/s. Sharda & Co. in full settlement of amount due 9,750
27 from them
Jan. Paid for electricity charges 1,000
31
Jan. Paid salary 1,500
31
Jan. Paid rent of building by cheque, half of the building is used by the 5,000
31 proprietor for residential use
Jan. Drew for private use 3,500
31

6. On the basis of the narrations, fill in the missing values:

Page 4
 MA
TH
S&
AC
UT CO
TA
M UNT
S IR SB
Y

Page 5
 MA
TH
S&
AC
UT CO
TA
M UNT
S IR SB
Y

Page 6
7. Pass Journal entries in the books of Puneet, Delhi for the following:
i. Received an order from Karan & Co. for supply of goods of ₹ 50,000.
ii. Received an order from AK & Co. for goods of ₹ 1,00,000 along with a cheque
for ₹ 25,000 as advance.
iii. Paid to staff ₹ 40,000 against outstanding salary of ₹ 60,000.
iv. Sold goods to Bharat, Kaithal (Haryana) of ₹ 10,000 plus IGST @ 12% out of
which 1/5th were returned being defective.
v. Cheque of ₹ 20,000 issued by Feroz was dishonoured.
vi. Received 40 paise in a rupee from Feroz against the above dues.

Y
vii. Received a cheque of ₹ 25,000 from Mohan after banking hours.
viii.

SB
Purchased goods from Barun of Chandigarh of ₹ 10,000 plus IGST @ 12% and
sold them to Arun of Shimla (HP) at ₹ 22,400, including IGST @ 12%.
ix. Arun returned goods of ₹ 6,720, including IGST which were returned to Barun.
x. ABC & Co. purchased 10 TV sets @ ₹ 20,000 per set and paid IGST @ 12%. It

NT
sold all the sets @ ₹ 25,000 per set plus CGST and SGST @ 6% each.
xi. Paid insurance of ₹ 12,000 plus CGST and SGST @ 6% each for a period of one
year.
xii. Sold personal car for ₹ 1,00,000 and invested the amount in the firm.
U
xiii. Goods costing ₹ 1,00,000 were destroyed in fire. Insurance company admitted
the claim for ₹ 75,000. These goods were purchased within Delhi.

S IR
CO
xiv. Purchased machinery for ₹ 56,000 including IGST of ₹ 6,000 and paid cartage
thereon ₹ 5,000 and installation charges ₹ 10,000.
xv. Goods costing ₹ 40,000 sold to Mr. X at a profit of 20% on sales less 10% Trade
Discount plus CGST and SGST @ 6% each and received a cheque under 2%
AC
M
cash discount.
xvi. Purchased machinery from New Machinery House for ₹ 50,000 and paid it by
means of a bank draft purchased from bank. Paid charges ​₹ 500.
TA

8. Fill in the missing values on the basis of narration:

S&
UT
TH
MA

Page 7
 Y
SB
UNT
S IR
CO
AC
M
TA
S&

9. Journalise the following transactions in the books of M/s. R.K. & Co:
UT

i. Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount
against cheque payment.
TH

ii. Purchased goods of list price of ₹ 20,000 from Naman at 15% trade discount
against cash.
iii. Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount.
MA

iv. Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash.
v. Goods returned of list price ₹ 10,000 purchased from Amrit.
vi. Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against
cheque payment.
vii. Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash.
viii. Sold goods to Pawan of list price of ₹ 20,000 at 10% trade discount.
ix. Sold goods to Yamini of list price of ₹ 25,000 for ₹ 23,000.
x. Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to
Bhupesh.
xi. Sold goods purchased at list price of ₹ 50,000 less 15% trade discount sold at a
profit of 25% less 10% trade discount against cheque.

Page 8
 xii. Aman returned goods of list price of ₹ 10,000 sold to him at 10% trade
discount.

10. Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri
Rakesh):
2019 ₹
Jan 1 Rakesh commenced business with cash 50,000
Jan 2 Purchased goods for cash 10,000
Jan 5 Purchased goods from Mohan, Delhi 6,000

Y
Jan 7 Opened bank account with Bank of India 10,000
Jan 10 Purchased furniture for office 2,000

SB
Jan 15 Sold goods for cash 8,000
Jan 20 Sold goods to Ram, Delhi 5,000
Jan 25 Cash sales 3,500

NT
Jan 27 Paid to Mohan on account 3,000
Jan 28 Ram returns goods costing 500
Jan 31 Paid Salaries 9,000
Jan 31 Rejected and returned 10% of goods supplied by Mohan
U
11. Journalise the following transactions:
S IR
CO
2019
April Paid into bank ₹ 21,000 for opening a Current Account.
1
AC

April Withdrew for personal expenses ₹ 5,000.

M
2
April Withdrew from bank ₹ 3,000.
TA

4
S&

April Placed an amount in Fixed Deposit at Bank by transfer from Current Account ₹
5 5,000.
UT

April Received a cheque from Shiv & Co. to whom goods were sold for ₹ 3,000 last
10 year. Allowed him 2% discount.
TH

April Shiv & Co.'s cheque deposited into bank.

14
April Shiv & Co.'s cheque dishonoured (Bank charges ₹ 10)
MA

16
April Shiv & Co. settled his account by means of a cheque for ₹ 3,000, ₹ 40 being
17 interest charged.

12. Journalise the following entries:

i. Goods costing ₹ 500 given as charity.
ii. Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time of sale
and balance after 30 days of sale.
iii. Received ₹ 975 from Harikrishna in full settlement of his account of ₹ 1,000.
iv. Received a first and final dividend of 60 paise in a rupee from the Official
Receiver of Rajan, who owed us ₹ 1,000.
v. Charge interest on Drawings ₹ 1,500.

Page 9
 vi. Sold goods costing ₹ 40,000 to Anil for cash at a profit of 25% on cost less 20%
trade discount and paid cartage ₹ 100, which is not to be charged from
customer.
13. Journalise the following transactions in the books of Mohan, Delhi:
i. Raj of Alwar, Rajasthan who owed Mohan ₹ 25,000 became insolvent and
received 60 paise in a rupee as full and final settlement.
ii. Mohan owes to his landlord ₹ 10,000 as rent.
iii. Charge depreciation of 10% on furniture costing ₹ 50,000.
iv. Salaries due to employees ₹ 20,000.

Y
v. Sold to Sunil goods in cash of ₹ 10,000 less 10% trade discount plus CGST and

SB
SGST @ 6% each and received a net of ₹ 8,500.
vi. Provided interest on capital of ₹ 1,00,000 @ 10% per annum.
vii. Goods lost in theft ₹ 5,000, which were purchased paying IGST @ 12% from
Alwar, Rajasthan.

NT
14. Briefly state the rules of debiting and crediting accounts classified on the basis
of Accounting Equation.
15. Journalise the following in the books of Amit Saini, Gurugram (Haryana):
i.
U
Goods of ₹ 5,000 were taken by him for personal use.
ii. ₹ 2,000 due from Sohan were bad debts.

S IR
CO
iii. Goods of ₹ 6,000 were destroyed by fire and were not insured.
iv. Paid ₹ 4,000 in cash as wages on installation of machine. (GST is not to be
levied).
v. Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount @ 10% and
AC

cash discount of 5% was allowed. He paid the amount on the same day and
M

availed the cash discount.

vi. Received ₹ 2,000 from Ramesh, whose account was written off as bad debts.
TA

vii. Goods costing ₹ 1,000 given as charity.

S&

viii. Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000.
ix. Paid rent in advance ₹ 4,000.
UT

​CGST and SGST is to be levied on intra-state sale @ 6% each and IGST @ 12% on inter-
state sale.
TH

16. Journalise the following transactions of Satish, Noida (UP):

201 ₹
9
MA

Jan Started business with cash 40,0

1 00
Jan Opened Bank Account by cheque from Savings Account 60,0
2 00
Jan Bought goods from M/s. S. Singh & Co., Delhi 20,0
3 00
Jan Introduced additional capital by cheque 5,00
4 0
Jan Purchased computer against cheque from Computer Mart, Noida 15,0
4 00
 Jan Paid for postage stamps 150
6
Jan Sold goods for cash 4,00
8 0
Jan Sold goods to M/s Sharda & Co., Delhi 10,0
9 00
Jan Paid the due amount to M/s S. Singh & Co. after availing discount of ₹ 400
15
Jan Sold goods to M/s Ray & Co., Kolkata 5,60

Y
25 0

SB
Jan Received cheque from M/s Sharda & Co. in full settlement of amount due 11,0
27 from them 00
Jan Paid for electricity charges 1,00
31 0

NT
Jan Paid rent of building by cheque. Half of the building is used by the proprietor 5,00
31 for residential use. 0
Jan Drew for personal use 3,50
31
U 0

17. Following transactions of Ramesh for April, 2019 are given below. Journalise
S IR
CO
them.
2019 ₹
April 1 Ramesh started business with cash 1,00,000
AC

April 2 Paid into bank 20,000

M
April 3 Bought goods for cash 50,000
April 4 Drew cash from bank for office use 10,000
TA

April 13 Sold goods to Krishna 15,000

S&

April 20 Bought goods from Shyam 22,500

April 22 Krishna returned goods 2,000
UT

April 24 Received from Krishna 12,500

Allowed him discount 500
TH

April 28 Paid cash to Shyam 21,500

Discount received 1,000
April 30 Cash sales for the month 80,000
MA

April 30 Paid rent 5,000

April 30 Paid salary 10,000

18. Journalise the following transactions of Singh Enterprises, Delhi:

2018 ₹
June 1 Started business with cash 50,000
June 2 Deposited cheque from Savings Account in firm's account 2,00,000
June 3 Received cash from Ram 50,000
June 4 Purchased goods for cash 15,000
June 11 Sold goods to M/s. Hari Sales, Delhi 12,000
June 13 Paid to Ramavtar 40,000
 June 17 Received from M/s. Hari Sales 10,000
June 20 Bought furniture from S.R. Furnishers against Cash 22,400
June 27 Paid rent 28,000
June 30 Paid salary 50,000

19. Journalise the following transactions in the books of Manoj Store:

i. Purchased goods from Ramesh ₹ 20,000 less Trade Discount at 20% plus IGST
@ 12% .
ii. Sold goods costing ₹ 7,000 to Krishna for ₹ 9,000 plus IGST @ 12%.

Y
iii. Sold goods for ₹ 10,000 and charged IGST @ 12% against cheque.
iv. ₹ 5,000 were deposited into Savings Account.

SB
v. Machinery costing ₹ 4,00,000 for which order was placed earlier paying
advance of ₹ 40,000. The balance amount was paid as follows:
vi. An old machine (personal) valued at ₹ 30,000 was given in exchange:
a. Issued a cheque from his savings account for ₹ 1,30,000.

NT
b. Balance by issue cheque from firm's bank account.
c. Paid wages ₹ 2,500 for installation of machine.
20. What is an Opening Entry? Give an example.
U
21. Journalise the following transactions:

S IR
CO
₹
Shyam became insolvent. A first and final compensation of 75 paise in a rupee 10,
(i
was received from his Official Receiver. He owed us 00
)
0
AC
M
(i Received cash for bad debts written off last year. 5,0
i) 00
(i Rent due to landlord. 8,0
TA

ii 00
S&

)
UT

(i Salaries due to clerks. 10,

v 00
TH

) 0
( Placed an order with Rakesh Mohan for the supply of goods of the list price of ₹
v 1,00,000. In this connection, Raman paid 10% of the list price as an advance by
) cheque.
MA

22. Journalise the following transactions in the books of Bhushan Agencies:

i. Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500.
ii. Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
iii. Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash.
iv. Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
v. Paid cash ₹ 40,000 to suresh, availed discount of 2%.
vi. Paid by cheque ₹ 25,000 to Mehar and settled her dues of ₹ 26,000.
vii. Paid ₹ 25,000 to Yogesh by cheque on account.
viii. Purchased goods costing ₹ 1,00,000 against cheque and availed discount of
3%.
 ix. Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately
availing 3% discount.
x. Sold goods of ₹ 30,000 against cheque allowing 2% discount.
xi. Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2%
discount.
23. State Whether the following accounts will a debit or credit balances:
i. Rent Received.
ii. Bank Overdraft.
iii. Wages.

Y
iv. Land and Building.
v.

SB
Commission Received.
vi. Commision Paid.
vii. Rent Outstanding.
viii. Cash in Hand.
ix.

NT
M/s. Gupta Traders (Supplliers).
x. Drawings.
xi. Capital.
xii. Prepaid Rent. U
xiii. Input IGST.
xiv. Output SGST.
S IR
CO
24. Journalise the following transactions in the books of Ashok:
i. Received ₹ 11,700 from Hari Krishan in full settlement of his account for ₹
12,000.
AC

ii. Received ₹ 11,700 from Shyam on his account for ₹ 12,000.

M
iii. Received a first and final dividend of 70 paise in the rupee from the official
receiver of Rajagopal who owed us ₹ 7,000.
iv.
TA

Paid ₹ 2,880 to A.K. Mandal in full settlement of his account for ₹ 3,000.
S&

v. Paid ₹ 2,880 to S.K. Gupta on his account for ​₹ 3,000.

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UT
TH
MA