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Assignment of Journal 30 Transactions

Accounting class xi

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Deven
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254 views2 pages

Assignment of Journal 30 Transactions

Accounting class xi

Uploaded by

Deven
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment of Journal

Pass Journal Entries for followings:-

1. Purchased goods of the list price ₹ 20,000 from Ravi @ T.D of 20%.
2. Returned goods to Ravi of list price of ₹ 2,000.
3. Received cash from Bharat ₹ 6,900 and discount allowed ₹100.
4. Cash withdrawn from Bank of ₹5,000 for office use and 2,000 for personal use.
5. Sold goods to Rahul for cash of the list Price of ₹ 20,000 at 10% T.D and 3% Cash
discount.
6. Paid to Ravi 15,000 in full settlement of his A/c.
7. Salaries due to clerk ₹ 3,000.
8. Old newspaper sold for ₹ 100 and old furniture sold for ₹ 1,700.
9. Rahul who owed ₹ 90,000 from us now become insolvent and only 40% from his estate
was received.
10. Bought goods from Rajesh for ₹ 40,000 at a trade discount of 10% and cash discount of
2%.Paid 60% amount immediately.
11. Purchased a Machinery for ₹ 40,000 from Dinesh on credit and paid ₹ 2,000 for its
installation.
12. Provide interest on capital @ 18% amounting to ₹ 2,00,000.
13. Received ₹ 3,500 from Subhash which were written off as Bad debts in the previous
year.
14. Prepaid rent was ₹ 1,500.
15. Provide 20% depreciation on Building costing ₹ 1,00,000 for 3 months.
16. Paid ₹ 1,800 for repairing office furniture.
17. Owner withdrew cash of ₹ 4,000 and goods of ₹ 2,000.
18. Received an order of goods for ₹ 1,00,000 from Sonu.
19. Sonu’s order was executed and cartage ₹ 5,000 was paid in this regard.
20. Opened a Bank Account with SBI Bank ₹ 10,000.
21. Took a Bank Loan of 50,000.
22. Paid Interest on loan ₹ 1,000.
23. Received ₹ 700 from the sale of old chair and tables.
24. ₹ 500 due from Amrit are Bad debts.
25. Paid cash to X on the behalf of of Z ₹ 3,000.
26. Paid income Tax ₹ 2,400 and paid for Life insurance premium ₹ 2,000.
27. Goods stolen cost ₹ 2,500, Sale price ₹ 3,000.
28. Goods distributed as charity of ₹ 4,000 and as free sample of ₹ 3,000.
29. Paid railway freight on behalf of customer Mr. Nitin ₹ 800.
30. A shed was constructed for office building costing ₹ 40,000 and Payment was made by
cheque.

2. Pass entries for the followings :

1. On 1st jan 2018 the following balances appeared in the books of AB ltd.
Assets – Cash ₹ 10,000, Bank ₹ 20,000, Stock ₹ 40,000, Furniture ₹ 20,000
Liabilities- Bank Loan ₹ 10,000 and Creditors ₹ 15,000.
2. Bought a Typewriter for ₹ 12,000 for domestic use of owner.
3. Bank allowed interest ₹ 300.
4. A customer directly deposit in our Bank ₹ 14,000.
5. Received a cheque from Jatin for ₹ 16,000.
6. Bank charges ₹ 200.
7. Bank charged interest on overdraft ₹ 700.
8. Interest received but not earned ₹ 1,200

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