WEEKLY TEST- 2021-2022

ACCOUNTANCY (055)

CLASS: XI MARKS: 25
TIME: 1Hr.

1. Give any two differences between Trade Discount & Cash Discount? [2]
2. Pass the Journal entries for the following Transactions: [6]
1. Bought goods from Mohan for the list price of Rs.10, 000 at 15%trade Discount
2. Settled the account of Mohan by paying cash, under a discount of 4%.
3. Bought goods for the cash of the list price of Rs.50, 000 at 20%Trade discount and 5%, cash
discount
4. Sold goods for cash of the list Price of Rs.20,000 at 10% trade discount and 3% cash Discount.
3. Journalise the following transactions in the books of Raja Ram: [8]
(i) Received Rs. 19,000 from shyam on his Account for Rs.20, 000
(ii) Received Rs.19, 000 from Bharat in settlement of his account for Rs.20,000
(iii) Paid Rs.9,000 to Mohan on his Account for Rs.10,000
(iv) Paid Rs. 9,000 to Sohan in settlement of his account for Rs.10,000
(v) Goods costing Rs.3,000 distributed as Sample[Sales Price Rs.4,000]
(vi) Paid Income Tax Rs.20,000 by Cheque
(vii) Paid life Insurance Premium Rs. 5,000 by Cheque
(viii) Goods destroyed by fire [Sales Price Rs.5, 000, Cost Rs.4,000]
4. Pass the Journal entry in the books of Ashok Bros. assuming that all transactions have
been entered within the state of Bihar & assuming CGST @6%& SGST @6%. [9]
2018 ,Jan 2 Purchased goods for Rs. 2,00,000 on Credit
Jan 5 Sold goods for Rs. 3,00,000 on Credit
Jan 10 Purchased Computer for office use for Rs. 50,000 and
payment made by Cheque
Jan 20 Legal Consultation fee of Rs.10, 000 paid in Cash
Jan 22 Rent of Rs. 20,000 paid by cheque.
Jan 31 Payment made of balance amount to GST.