KENDRIYA VIDYALAYA SANGATHAN, AGRA REGION Class Test (2023-24)

Subject Accountancy

Class – XI

Journal

Time : M M.20

Q1 Which account will be debited if Bank charges are debited from bank 1

A. Cash
B. Bank
C. Purchases
D. Bank charges

○ Bad debts earlier written off and now received are credited to 1

A Bad debts A/C

B Bad debts Recovered A/C

C Miscellaneous Income A/C

D Debtors A/C

Q3 Riya sold 500 color pens @ rupeesRs. 50 each less 20% trade discount and 3% cash 1
discount if payment is received within 30 days .Riya received Rs 10,000 within 30 days
and balance amount after 30 days. Sales Account will be credited and Discount Allowed
will be debited respectively with

A. Rs 40,000, Nil

B. Rs.40,000 , Rs.300

C. Rs. 40,000, Rs.1,200

D. Rs. 40,000 , Rs. 900

Q4 The entries in journal are recorded in 1

A. decreasing order

B. chronological order

C. increasing order

D. no particular order

Q5 What are compound journal entries? Give two examples. 3

Q6 On 1 April,2023 the position of Bhanu Bros. was as follows: 3

Cash in Hand Rs.12,000, cash at bank Rs51,000, Stock Rs. 18,000, Machinery Rs.90,000

Furniture Rs. 36,000, Ali ( Debtor) Rs. 41,000, Neha (Debtor) Rs. 52,000, Loan Rs.
1,00,000 ,Anu (creditor) Rs 13,400

Pass the opening Entry.

Q7 Journalise the following banking transactions: 4

(i) opened bank account with an amount of Rs. 50,000

(ii) Bank charges debited by bank Rs.125

(iii) Withdrawn from bank for personal use Rs.2,000

(iv) withdrawn from bank Rs. 5,000

Q8 Journalise the following transactions- 6

(i) Ramesh introduced capital by cash Rs.'55,000.

(ii) Purchased goods from Sunil for ' Rs.35,000.

(iii) Sold goods to shyam, for Rs.'22,000 ,60% on credit & balance in cash.

(iv) Ramesh took goods worth Rs.'5,000 for personal use.

(v) salary outstanding Rs.'2,000.

(vi) Shyam who owed rs. 10,000 became insolvent and 40% was received from his real
estate.

*End of Paper*