CLASS XI
ACCOUNTANCY
JOURNAL ENTERIES
SAURABH SPECIAL
Qs.1 Journalise the following transaction in the books of Namrata.
20X1
Jan.
10
Commenced business with cash Rs. 12,00,000.
12
Purchased goods for cash Rs. 80,000 from Arun.
13
Purchased good from Aalim Khan Rs. 50,000.
14
Purchased goods from Sumit of the list price Rs. 25000 at a trade discount of 10%.
15
Purchased goods from Prateek of the list price of Rs. 10,000 at a trade discount of 10% and paid
him cash under a cash discount of 5%.
16
Purchased goods from Tejshavi of the list price of Rs. 10,000 at a trade discount of 10% and paid
him by cheque under a cash discount of 5%.
17
Purchased goods of the list price of Rs. 20,000 from Ankit less 10% trade discount and 2% cash
discount and paid 40% at the same time.
18
Received an order of goods for Rs. 40,000 from Rohan.
19
Sold goods for cash Rs. 40,000, costing Rs. 30,000.
20
Sold goods for cash Rs. 40,000 costing Rs. 60,000.
21
Sold goods for cash Rs. 40,000 to Rita.
22
Sold goods on credit Rs. 45,000 to Neeta.
23
Sold goods on credit Rs. 5000.
24
Sold goods to Bhawana of the list price of Rs. 10,000 at a trade discount of 10% and received
cash after allowing her cash discount of 5%.
25
Sold goods from Namrata of the list price of Rs. 10,000 at a trade discount of 10% and received a
demand draft from her.
26
Sold goods of the list price of Rs. 20,000 to Indu less 10% trade discount and 2% cash discount
and received 40% of the amount due at the same time.
27
Sold goods to Sakshi of Rs. 40,000 at 5% trade discount and paid cartage of Rs. 200.
28
Sold goods to Kalpana of Rs. 40,000 and charged 10% Sales Tax.
29
Sold good to Vineeta of costing Rs, 50,000 at a profit of 20% of Sales and charged Sales
Tax 10%.
30
Sold goods to Kanika of costing Rs. 60,000 at a profit of 20% of sales less 10% trade discount
and charged 10% Sales Tax.
31
Sold goods to Indu of costing Rs. 60,000 at a profit of 20 % on cost less 20% trade discount.
20X1
Feb.
1
Received Rs. 50,000 from Indu in full settlement.
2
Salaries paid Rs. 50,000.
3
Salaries outstanding Rs. 10,000.
4
Salary pad in Advance Rs. 5000.
5
Rent received Rs. 6,000.
6
Rent received in Advance Rs. 2,000.
7
Rent accrued Rs. 1,000.
8
Paid salary to Ramu Rs. 2000.
9
Paid Rent to Lala Ram Rs. 5,000.
10
Withdrawn from bank Rs. 3,000.
11
Withdrawn from bank for personal use Rs. 4,000.
12
Bank charged for its services Rs. 200.
13
Goods returned by Kanika Rs. 4,000.
14
Goods returned to Tejshavi Rs. 3,000.
15
Received a V. P. P. from Ravi for Rs. 30,000.
16
Received a V.P.P. from Ravina for Rs. 60,000. Sent a worker to collect it who paid Rs. 40 as
Cartage.
17
Cheque received from Kalpana Rs. 25,000 dishonoured.
18
Bought Furniture for cash Rs. 2,000.
19
Bought Furniture from Ram Rs. 3000.
20
Bought Furniture for cash for personal use Rs. 10,000.
21
Bought Furniture from Ram for personal use Rs. 10,000.
22
Charged depreciation of Rs. 3,000 on Building.
23
Goods costing Rs. 500 given as charity. (Sale price Rs. 600)
24
Goods costing Rs. 2,000 distributed as free samples. (Sale price Rs. 1800)
25
Goods destroyed by fire ( Cost Rs. 500, Sale price Rs. 600)
26
Goods stolen (Sale price Rs. 1,500, cost Rs. 1,000)
27
Proprietor withdrawn Rs. 5,000 for private expenses.
28
Withdrawn goods for personal use (Cost Rs. 600 , Sale price Rs. 800).
20X1
Mar.
1
Received Rs. 9000 from Mukesh in full settlement of his account for Rs. 10,000.
2
Paid Rs. 4,800 to Suresh in full settlement of his account for Rs. 5,000.
3
Salaries due to clerks Rs. 7,000.
4
Purchased an old Scooter for Rs. 4,000.
5
Purchased a home for Rs. 60,000 giving Rs. 40,000 in cash and the balance through a loan.
6
Interest on Capital allowed Rs. 1,000.
7
Received an order from Kirty for the supply of goods worth Rs. 2,50,000. In this connection we
received Rs. 1,00,000 as advance.
8
Goods given to proprietor’s daughter Rs. 1,200.
9
Cement worth Rs. 50,000 purchased for construction of Building.
10
Received cash from Vaibhav against bad debts Rs. 20,000 written off last year, Rs. 16,000.
11
Placed an order with Aakash for the supply of goods costing Rs. 1,00,000. In this connection, we
paid 50% in advance.
12
Deposited into Bank Rs. 5,000.
13
Given as charity : Cash Rs. 2,000, Goods Rs. 10,000 and Sofa Set worth Rs. 20,000.
14
Jitesh is declared insolvent. Received from his official receiver a first and final dividend of 60
paise in a rupee on a debt of Rs. 20,000.
15
Received interest on loan Rs. 2000 from Sandeep.
16
Bought Shares of Hindustan Unilever Ltd. for Rs. 50,000.
17
Cash embezzled by an employee Rs. 20,000.
18
Paid life insurance premium of Rs. 20,000.
19
Return inward Rs. 2,000.
20
Uninsured goods costing Rs. 5,000 were destroyed by fire.
21
Machinery worth Rs. 5000 destroyed by fire and insurance company admitted the claim in full.
22
Car worth Rs. 50,000 destroyed by fire and insurance company admitted the claim for only 80%.
23
Return outward Rs. 3,000.
**************************All the very best**********************************