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11+ Academy
Offline & Online Platform-HSC,BBA,BBS,MBA
Location : Govt Tolaram College Road,Narayanganj,Dhaka [ Whatsapp:- 01826611120 ]

Principles of Accounting/Financial Accounting

Topics : Basic + General Journal
Accounting & Finance department -Chapter -03
Management department- Chapter-03
Marketing department- Chapter -5.1
BBS/[Degree] - Chapter-03
Public University / Affiliated 7 College & Others College Under Public University
All Private University
Part – C = 10 marks

11+ Academy : C-01 [N.U. B. Com. (Hons) Acc. 2004]

The following transactions are obtained from the books of Mr. Prime for the month of July, 2004.
July, 1 Prime invested cash TK. 2,00,000 and furniture Tk. 50,000 into business.
” 5 Purchased office supplies for cash Tk. 30,000 and on account Tk. 20,000.
” 15 Received cash Tk. 1,00,000 for services rendered.
” 22 Paid office rent Tk. 20,000 for the month.
” 24 Insurance paid in advance Tk. 5,000.
” 27 Paid salaries TK. 25,000 for the month.
” 31 Mr. Prime withdrew Tk. 10,000 for personal use.
You are required to-
(i) Prepared Journal Entries.
(ii) Open Necessary Ledger Accounts.
(iii) Prepare Trial Balance at 31st July 2004.

11+ Academy : C-02 [NU.B.Com.(Pass)2012]

The following transaction are obtained from the books of Mr. Saikot for the month of December 2011-
December 1 : Mr. Saikot invested cash Tk. 2,50,000 and equipment Tk. 50,000 into the business.
,, 5 : Received cash Tk. 1,40,000 providing service.
,, 10 : Purchased office supplies for cash Tk. 30,000 and on account Tk. 25,000.
,, 19 : Service Provided on account Tk. 35,000.
,, 23 : Paid to accounts payable Tk. 15,000.
,, 27 : Paid salaries to employees Tk. 20,000.
,, 30 : Received cash from accounts receivable Tk. 25,000.
Required : Necessary journal entries.

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11+ Academy : C-03 [NU.BBS. (Pass) 2008]
The following transaction are obtained from the books of Mr. Karim for the month of July, 2007:
July 1 Mr. Karim invested Tk. 5,00,000 in cash and Tk. 10,00,000 for building into the business.
,, 6 Purchased Machinery and Furniture for Tk. 60,000.
,, 8 Purchased a machine Tk. 70,000 on credit.
,, 10 Service rendered for Tk. 30,000 but not collected.
,, 15 Salaries paid for Tk. 25,000.
,, 19 Mr. Karim withdraws Tk. 20,000 for his personal use.
,, 25 Paid rent for the current month Tk. 20,000.
,, 31 Cash received for the service rendered on 10th of this month.
Required: Journalize the above transactions of Mr. Karim’s books .

11+ Academy : C- 04 *NU BBA (Hon’s)-2012 (Acc.); (F&B). 2014) & 2019 (F&B), Mgt.-2018]
Mrs Asma opened the “Asma Dry Cleaners” on September, 1. 2016. During the first month of operation the
following transactions occurred :
Sept, 1 Asma invested Tk. 20,000 cash in business.
” 2 The company paid Tk. 1,000 cash for store rent for September.
” 3 Purchase washer and dryers for Tk. 25,000, paying Tk. 10,000 in cash and signing a Tk. 15,000
6 month 12% notes payable.
” 4 Paid Tk. 2,400 for a one year accident insurance policy.
” 10 Received a bill from the Daily News for advertising the opening of the shop Tk. 500.
” 20 Asma withdraw Tk. 700 cash for personal use.
” 30 The company determined that cash received from laundry service for the month were
Tk. 5,000 and on account Tk. 7,000.
Instructions : Journalize the September transactions.

11+ Academy : C-05 [NU.BBA(H)-2018(F&B)]

Zara Khan is licensed CPA. During the first month of operation of her business, the following events and
transactions occurred:
July 1 She invested Tk. 20,000 cash.
,, 2 Hired a secretary receptionist at a salary of Tk. 1,000 per month.
,, 4 Purchased Tk. 1500 of supplies on account from Noshava Supply Company.
,, 7 Paid office rent of Tk. 900 for the month.
,, 9 Completed a tax assignment and billed client Tk. 21,000 for service provided.
,, 15 Received Tk. 3,500 advance on a management consulting engagement.
,, 18 Received cash of Tk. 1200 for service completed for Jony co.
,, 25 Paid salary Tk. 1000 for the month.
,, 30 Paid Tk. 40% of balance due Noshava Supply Company.
Instructions: Journalize the transaction.

11+ Academy : C-06 [DU BBA (H) Acct-7 college-2020 (Mgt)]

Emily Valley is a licensed dentist. During the month of April 2021, the following events & transactions
occurred in her business :
April 1 Invested taka 20,000 cash in his business.
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April 1 Hired a secretary receptionist at a salary of taka 700 per week payable monthly.
April 2 Paid office rent for the month taka 1,500.
April 3 Purchased dental supplies on account from Laz Pharma taka 6,000.
April 10 Performed dental services & billed insurance companies taka 5,100.
April 11 Received taka 1,000 cash advance from Laboni for an implant.
April 20 Received taka 2,100 cash for services performed from Mr. Mushfiq.
April 30 Paid secretary-receptionist for the month taka 2,800.
April 30 Paid taka 2,400 to Laz Pharma for accounts payable due.
Instructions : Journalize the transactions.

11+ Academy : C-07 [DU.BBA (H)-7 College-2019 (Mkt.)]

Epler Consulting Service Inc. engaged in the following business activity in January:
Jan. 20: Issue 5,000 shares of capital stock for Tk. 50,000.
Jan. 20: Paid Tk. 400 office rent for the remainder of January.
Jan. 21: Purchased office supplies for Tk.200. The supplies will last for several months and payment is not
due unit February 15.
Jan. 22: Purchased office equipment for Tk. 15,000 cash.
Jan. 26: Performed consulting service and billed clients Tk. 2000. The entries amount will not be collected
until February.
Jan. 31: Recorded Tk. 100 utilities expense. Payment is not due until February 20.
Record each of the above transaction in general journal form.

11+ Academy : C-08 *NU BBA (Hon’s) MKT-2015]

Stare Dockyard is a boat repair yard. During November 2015 its transactions included the following:
Nov. 1 Paid rent for month Tk. 16,000.
2 Made repairs and sent a bill for Tk. 28,000 for services rendered of Moon Ltd.
7 Received an Invoice for and advertisement in a magazine at cost of Tk. 2,000 payment to be
made within 30 days.
24 Received a cheque for Tk. 22,000, representing collection of the receivable of Nov.-2.
25 Made repairs Tk. 40,000, collected Tk. 22,000 cash, balance due within 30 days.
28 Sent cheque in payment of the liability incurred on Nov-7.
30 Owner withdrew Tk. 12,000 for personal use.
Required: Journalize the above transaction.

11+ Academy : C-09 [NU.BBS(Pass) –Part-1-2019]

Mr. Rana is a licensed CMA. During the first month of operation of business, the following events occurred:
June 1 He invested Tk. 1,00,000 cash in the business.
,, 3 Hired a secretary receptionist at a salary Tk. 6,000 per month.
,, 4 Purchased of furniture for cash Tk. 20,000 and on account Tk. 50,000.
,, 10 Paid office rent Tk. 5,000 cash for June.
,, 17 Received Tk. 10,000 in advance on management consulting engagement.
,, 20 Paid Amin and Co. Tk. 5,940 in payment of invoice Tk. 6,000 less 1% discount.
,, 25 Received cash Tk. 7,000 for services completed of Mamum Co.
,, 30 Paid secretary-receptionist Tk. 6,000 salary on June.
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,, 30 Service provided on accounts Tk. 2,000.
Required: Journalize the above transactions.

11+ Academy : C-10 [DU BBA (H)-7 College-2019(F&B)]

Mr.Habib started business on July 01, 2019. The following selected events transactions were occurred
during the month of July:
July 01: Invested BDT 7,00,000 cash in the business.
July 04: Incurred advertising expenses of BDT 10,000 on account.
July 08: Purchased equipment’s costing BDT 4,00,000 for cash.
July 11: Hired a manager at a salary of BDT 5,000.
July 12: Paid salaries to employees BDT 2,000.
July 13: Paid BDT 12,000 for one year insurance policy.
July 17: Withdraw BDT 8,000 cash for personal use.
July 22: Received BDT 67,000 in cash for admission fee.
July 27: Sold 100 coupon books for BDT 100 each. Each bank contains 10 coupons
the enrolls the holder to one admission.
July 30: Received BDT 79,000 in cash for admission fee.
July 31: Paid BDT 8,000 on account for advertising incurred on July 04, 2019.
You are required to Journalize the above transactions.

11+ Academy : C-11

Frontier Park was started on April 1 by C.J. Mendez. The following selected events and transactions
occurred during April.
April 1 Mendez invested Tk. 40,000 cash in the business.
,, 4 Purchased land costing Tk. 30,000 for cash.
,, 8 Incurred advertising expense of Tk. 1,800 on account.
,, 11 Paid salaries to employees Tk.1,500.
,, 12 Hired Park manager at a salary of Tk. 4,000 per month , effective May 1.
,, 13 Paid Tk. 1,500 cash for a one-year insurance policy.
,, 17 Withdrew Tk. 1,000 cash for personal use.
,, 20 Received Tk. 5,700 in cash for admission fees.
,, 25 Sold 100 coupon books for Tk. 25 each. Each book contains 10 coupons
that entitle the holder to one admission to the park.
,, 30 Received Tk. 8,900 in cash admission fees.
,, 30 Paid Tk. 900 on balance owed for advertising incurred on April 8.
Instructions: Prepare Journal entries.

11+ Academy : C-12

Mr. Moon started his own delivery service on January 1, 2022. The following transactions occurred during
the month of January:
Jan. 1 Mr. Moon invested Tk. 20,000 cash in the Business.
,, 2 Purchased a van for deliveries for Tk. 10,000. Mr. Moon paid Tk. 2,000 in cash and signed a
note payable for the remaining balance .
,, 5 Paid Tk. 500 for office rent for the month.
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,, 7 Performed Tk. 2,400 of services on account.
,, 9 Withdrawn Tk. 200 in cash for personal use.
,, 13 Purchased supplies for Tk. 500 on account.
,, 17 Received cash Tk. 750 for services provided on January 7.
,, 26 Made a cash payment of Tk. 5,500 in the note payable.
,, 28 Received cash Tk. 1,600 as full settlement of remaining money for service provided
on January 7.
,, 31 Paid Tk. 1,000 for employees salaries .
Instructions: Prepare Journal entries.

11+ Academy : C-13

The following transaction are obtained from the books of Jobair for the month of September, 2022.
Sep. 1. Jubair invested cash Tk. 1,20,000 and printing machine Tk. 40,000.
,, 3. Purchase paper for cash Tk. 10,000 and on account Tk. 5,000.
,, 9. Received cash Tk. 80,000 for services rendered.
,, 17. Paid office rent Tk. 12,000 for the month.
,, 22. Insurance paid for the month Tk.300.
,, 29. Paid Tk. 4,000 for salaries and received a bill of Tk. 800 for utilities.
,, 30. Jobair withdrew Tk. 2,000 for personal use.
You are required to: Prepare journal entires.

11+ Academy : C-14 [NU.BBS(Pass)2009]

Mr. Akib started his own delivery service “ Akib Deliveries” on January 1, 2008. The following transaction
occurred during the month of January :
January 1 Mr. Akib invested Tk. 30,000 cash in the business.
,, 2 Purchased van for deliveries for Tk. 15,000. Mr. Akib paid Tk. 5,000 in cash and singed a
note payable for the remaining balance.
,, 5 Paid Tk. 750 for office rent for the month.
,, 7 Performed Tk. 3,200 of service on account.
,, 14 Purchased supplies for Tk. 700 on account.
,, 18 Received Tk. 1,200 for service provided on January 7.
,, 21 Made a cash payment of Tk. 6,500 on the note payable.
,, 28 Receivable cash Tk. 1,850 as full settlement of remaining money
for service provided on January 7.
,, 30 Paid Tk. 1,200 for employees salaries and Tk.800 for advertising bill.
,, 31 Supplies on hand at the end of the month Tk. 250.
Required: Give Journal entries to record the above transactions.

11+ Academy : C-15 [NU.BBS.(Pass) 2007]

The following transactions are obtained from the books of Mr. Shafiul Sadi for the month of July, 2006:
July
1 Mr. Shafiul Sadi invested Tk. 10,00,000 cash and Building Tk. 20,00,000 into the business.
5 Purchased furniture for cash Tk. 25,000.
7 Purchased Machinery Tk. 50,000 on credit.
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10 Service rendered for Tk. 25,000 but no collected.
15 Salaries paid for the current month Tk. 20,000.
20 Mr. Safiul Sadi withdraw Tk. 10,000 for his personal use.
25 Paid rent for the current month Tk. 15,000.
31 Cash received for the service rendered on 10 th of this month.
Required: Give Journal entries to record the above transactions.

11+ Academy : C-16 *N.U.BBS.(Hon’s) Acc-2005]

The following transaction are obtained from the books of Mr. Hafiz for the month of November, 2005.
Nov. 1 Mr. Hafiz invested cash Tk. 5,00,000 and building Tk. 2,00,000 into the business;
,, 4 Purchase equipment for cash Tk. 50,000 and on account Tk. 40,000.
,, 9 Insurance paid in advance Tk. 10,000.
,, 17 Paid salaries Tk. 15,000 for the month.
,, 20 Received cash Tk. 60,000 and on account Tk. 20,000 for service rendered;
,, 25 Paid rent Tk. 12,000 for the month;
,, 30 Mr. Hafiz withdrew Tk. 8,000 for personal use.
Required: Prepare journal entires.

11+ Academy : C-17

Maria Juarez is a licensed dentist, During the first month of the operation of her business, the following
events and transactions occurred.
April 1 Invested Tk. 40,000 cash.
1 Hired a secretary receptionist at a salary of Tk. 600 per week payable monthly.
2 Paid office rent for the month Tk. 1,000.
3 Purchased dental supplies on account from Smile Company Tk. 4,000.
10 Provided dental service and billed insurance companies Tk. 5,100.
11 Received Tk. 1,000 cash advance from Trudy Borke for an implant.
20 Received Tk. 2,100 cash for services completed and delivered to John Stanley.
30 Paid secretary receptionist for the month Tk. 2,400.
30 Paid Tk. 1,600 to Smile Company for accounts payable due.
Required: Prepare journal entires.
11+ Academy : C-18
Engineer selim is a licensed architect. During the first month of the operation of his business the following
transactions occurred:
March- 1 Invested Tk. 80,000 cash.
,, 1 Paid office rent for the month Tk. 20,000 cash.
,, 2 Paid advertising expense of Tk. 12,000.
,, 4 Purchased supplies on account from Mona co. Tk. 1,500.
,, 12 Completed blue prints on a port and billed client Tk. 9000 for service.
,, 14 Received Tk. 500 cash in advance from Mr. Rana for the design of a new home.
,, 22 Received Tk. 1,500 cash for service completed.
,, 30 Paid salaries for the month Tk. 15000.
,, 30 Paid Tk. 6000 to Mono Co. on account.
Required: Journalize the above transaction.
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