CLASS TEST : JOURNAL

Subject: Accountancy
Class: XI B

Q.1 Pass necessary Journal entries for following transactions:

1. Commenced business with Rs.2,00,000 as capital.
2. Bought goods from Ram Rs.20,000 on credit and Rs.10,000 for cash.
3. Purchased building for office use Rs.25,000.
4. Sold goods for Rs.5,000 for cash and for Rs.10,000 on credit to Donald.
5. Bought goods from Mr.X Rs.4,000.
6. Paid salaries to staff amounting to Rs.15,000.
7. Purchased computer for Rs.5,000 for household purpose.
8. Donald returned goods worth Rs.2000 being not upto sample.
9. Paid to Ram for goods purchased at 10% discount in full settlement.
10.Received payment from Donald Rs.7,900 in full settlement.

Q.2 Pass Journal entries for following transactions in books of Mr.Dhruv

1. Commenced business with Cash-Rs.50,000, furniture-Rs.20,000, bank balance
Rs.15,000, machinery-Rs.4,000, Debtors-Rs.11,000, Creditors-Rs.10,000.
2. Purchased goods worth Rs.20,000 on credit from Robin.
3. Sold 50% of above goods to Raja at 20% profit & received half payment in cash.
4. Received balance from Raja after one month at 10% discount.
5. Sold old machinery worth Rs.2000 for Rs.3000 to Mukesh.
6. Bank allowed interest of Rs.2,000 on balance.
7. Withdrew money from bank for office use Rs.5,000.
8. Salaries for the month to staff has become due Rs.12,000.
9. Paid advance Rent to landlord Rs.20,000.
10.Out of total debtors in beginning Rs.1000 are bad and rest paid by cheque.

Q.3 Give necessary Journal for following transactions in books of ABC Ltd.
1. Commenced business with a bank balance of Rs.1,00,000 as capital.
2. Bought goods worth Rs.20,000 from Bose.
3. Bank interest Rs.5,000 has become due but not yet received.
4. Goods of Rs.5,000 stolen by employee from store.
5. Sold goods worth Rs.5,000 at a profit of 20% to Mohan.
6. Purchased machinery worth Rs.20,000 from Raju.
7. Paid installation charges for above machine Rs.2,000.
8. Goods from business Rs.3,000 distributed as free samples.
9. Rs.2,000 due from a debtor are bad.
10.Received security deposit from tenant Rs.15,000.