CENTRAL INSTITUTE OF TECHNOLOGY PRIVATE ITI

COLLEGE ROAD, SASTHAMCOTTA

Question Code -A
(Practical)
Total Time : 1 hrs Total Marks : 30

1. Jounalise the following transaction of Mr. Surendran 2018, June 3:

Received cash from Ramkumar Rs.60,000
Paid rent Rs.5,000
Purchased Goods for cash Rs.15,000
Sold goods to Damodharan Rs.22,000
Sold Goods on credit to Mohanasundaram Rs.75,000
Paid to Ramkumar Rs.40,000
Purchased Goods on credit from Bashyam Rs.10,000
Received from damodharan Rs.20,000
Bought Furniture from jagadheeshan Rs.5,000

CENTRAL INSTITUTE OF TECHNOLOGY PRIVATE ITI

COLLEGE ROAD, SASTHAMCOTTA
Question Code -B
(Practical)
Total Time : 1 hrs Total Marks : 30

2. Journalise The following transaction of Mrs. Razia 2018 April 15:

Razia Commenced business with cash Rs.30,00,000
Bought goods for cash Rs.2,70,000
Bought Goods on credit from David Rs.4,80,000
Sold goods for cash Rs.2,00,000
Paid into bank Rs.21,000
Purchased goods by Cheque Rs.15,000
Withdraw cash from bank for office use Rs.3,000

CENTRAL INSTITUTE OF TECHNOLOGY PRIVATE ITI

COLLEGE ROAD, SASTHAMCOTTA
Question Code- C
(Practical)
Total Time: 1 hrs Total Marks: 30

3. Mr. Robert commenced business on 1st April, 2011 with a capital of Rs.100,000.
During april, following transaction took place: Make journal entries for the transactions.
April 1, Bought goods for cash Rs.70,000
April 2, sold Goods to Stephen & Co.(Credit) Rs.38,000
April 15, Sold goods for cash Rs.9,000
April 21, Stephen & Co. paid by Cheque Rs.335,000
April 22, Stationary bill paid by Cheque Rs.2,000
April 22, Telephone bill by cash Rs.5,000
April 28, Paid salaries by cash Rs.3,000
April 30, Withdraw cash for personal use Rs.5,000