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I – XII: All Subjects | BCOM/BBA: All Semesters | CA/CS/CMA Foundation

XI CBSE/ISC
Accounts
ADNC Level 2 – Journal Practice #1

Q1. Journalise the following transactions:

2022
APRIL 1 Kamal started business with cash ₹1,00,000
APRIL 3 Kamal introduced additional capital by cheque ₹50,000
APRIL 5 Bought goods from Mrs G&S ₹20,000
APRIL 10 Paid cartage ₹5000
APRIL 15 Cash withdrawn by owner for personal use ₹2000
APRIL 18 Sold goods for cash ₹5000
APRIL 20 Paid salaries ₹15,000
APRIL 22 Bank charges paid ₹500
APRIL 24 Paid for telephone bill ₹600
APRIL 28 Purchased furniture ₹5000

Q2. Journalise the following transactions in the books of Alok enterprises:

2022
JAN 1 Alok started business by depositing cheque from his Savings ₹5,00,000
Account
JAN 3 Purchased goods against cheque ₹50,000
JAN 6 Goods taken by proprietor for personal use costing ₹4000
JAN 10 Sold goods to Sohan (Cost: ₹6000) ₹9000
JAN 18 Purchased machinery, paid by cheque ₹40,000
JAN 20 Cash sales ₹25,000
JAN 22 Deposited cash in bank ₹20,000
JAN 25 Sohan returned goods ₹3000
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JAN 27 Goods given as samples costing ₹1000

Q3. Enter the following transactions in the journal of Tarun:

2022
FEB 1 Tarun commenced business with cash ₹2,00,000
FEB 1 Opened the bank account and deposited ₹1,00,000
FEB 5 Purchased goods from Raman for cash ₹10,000
FEB 7 Sold goods to Naresh ₹40,000
FEB 8 Sold goods to Raj ₹4500
FEB 9 Advance given to Rajan, an employee ₹5000
FEB 10 Purchased goods from Firoz ₹50,000
FEB 12 Paid to creditor Firoz on account ₹10,000
FEB 15 Naresh paid by cheque in settlement of his dues ₹39,000
FEB 16 Dues from Raj were not recoverable
FEB 18 Rajan employee submitted travelling bill, balance amount ₹4750
received
FEB 22 Goods given as charity ₹2500

Q4. Journalise the following transactions in the books of Gaurav:

2021
DEC 1 Gaurav started business introducing capital in cash ₹2,00,000
and cheque ₹4,00,000
DEC 4 Purchase goods in cash ₹25,000
DEC 6 Sold goods against cheque ₹50,000
DEC 7 Withdrawn for household expenses ₹15,000
DEC 9 Advance given to M/S Lakshay Machines by cheque for purchase ₹25,000
of machine
DEC 12 furniture purchased from Furniture Mart against cheque ₹1,00,000
DEC 15 Paid to Kamal on account ₹10,000
DEC 18 Loan taken from bank ₹50,000
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DEC 20 Purchased computer for donation against cheque ₹25,000

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DEC 25 Interest paid on bank loan ₹1000

Q5. Following transactions of Ramesh, Delhi for April, 2022 are given below. Journalise them:
2022
APRIL 1 Ramesh started business with cash ₹10,00,000
APRIL 2 Opened current account with bank by issuing cheque from ₹7,00,000
personal account
APRIL 3 Bought goods for cash ₹50,000
APRIL 13 Sold goods to Krishna, Panipat (Haryana) ₹15,000
APRIL 20 Bought goods from Atul, Karnal ₹22,500
APRIL 24 Received cheque from Krishna ₹14,500
Allowed him discount ₹500
APRIL 28 Paid cash to Shyam ₹21,500
Discount allowed by him ₹1000
APRIL 30 Cash sales for the month ₹80,000
APRIL 30 Paid rent ₹5000
APRIL 30 Paid salary by cheque ₹1,00,000

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ADNC | I-XII: All Subjects | BCOM/BBA: All Semesters | CA-CS-CMA Foundation | MBA | Tally