REVISION EXAM – TERM II

Grade : Date:
1 Fill in the blanks and complete the journal entries:
DATE PARTICULARS LF DR. Amount CR. Amount

a) ____________A/c Dr. ?

To ___________ A/c ?

To ?
_____________A/c
Being cash paid to Vinod in full settlement
of his account Rs.500, after deducting 5%
discount )

b) _____________ A/c Dr. ?

To ___________ A/c
?
(Being sale of household investments
Rs.40,000 @ 10% premium and bringing it
into the business)

c) _______________A/c Dr. ?
_____________ A/c Dr.
?
To ___________ A/c
(Being sale of good costing Rs.4000 ?
marked up 20%, trade discount 10%,cash
discount 5%)

d) _____________ A/c Dr. ?

To ___________ A/c (Goods
?
given to charity Rs.5,000)

Calculate profit or loss on sale of machinery.

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