BOOK - KEEPING TYPE - TEST WEDNESDAY, 18 DEC 2024
CHAPTERS COVERED – JOURNAL, LEDGER, SUBSIDIARY BOOKS, CASHBOOK, PETTY CASHBOOK
Q1. Journalise the following transactions in the books of Aditi for the month of September,
2019.
2019
Sept
1. Commenced business with Cash ₹ 35,000/-, Goods ₹ 45,000/-, Loan from Bank ₹ 10,000/-
and Creditors ₹ 15,000/-.
2. Bought goods costing ₹ 18,000/- from Namita @ 10% Trade Discount and 2% Cash
Discount. Paid half the amount by cheque.
5. Purchased goods from Sudhir ₹ 18,000/- at 10% trade discount and 5% cash discount terms
@ 5% GST.
8. Received commission ₹ 1,000/- by cheque from Arvind.
10. Purchased 100 shares of ₹ 100/- each at ₹ 1,240 per share and paid 1% brokerage on it.
12. Settled Sudhir's account in full as per the terms.
15. Sold to Vidyadhar goods of the cost price ₹ 8,000/- at 10% profit on cost @ 5% GST.
18. Exchanged the old computer valued at ₹ 10,000/- against a new one by paying ₹ 5,000/-
cash @ 18% GST.
21. Paid ₹ 2,500/- for House Rent by cheque.
24. Sujata purchased goods worth ₹ 35,000/- from Aditi at 5% Trade Discount and paid half
the amount by NEFT @ 12% GST.
27. Placed an order for Machinery worth ₹ 50,000/- and sent 10% amount as advance by
crossed cheque @ 12% GST.
29. Vidyadhar paid ₹ 9,000/- in full settlement of his account by RTGS.
30. Paid Telephone Bill ₹ 1,500/-. Salaries ₹ 2,000/- and Wages ₹ 400/-.
Q2. Journalise the following transactions in the books of Mr. Om and post them to respective
ledger accounts of cash, capital, purchase, sales and balance them.
2019
Jan
1. Commenced business with following Assets & Liabilities: Cash ₹ 75,000/-, Furniture ₹
10,000/-, Office Equipments ₹ 8,000/-, Motor Car ₹ 1,00,000/-, Bank loan ₹ 25,000/-.
3. Purchased goods from Shankar ₹ 40,000/- and paid him half the amount in cash.
5. Sold goods to Nilesh ₹ 25,000/- @ 4% trade discount.
8. Purchased additional furniture worth ₹ 5,000/- for office from Interiors Ltd.
10. Goods costing ₹ 1,500/- withdrawn for personal use.
13. Sold goods for cash ₹ 10,000/-.
15. Distributed goods as free samples ₹ 1,200/-.
20. Purchased goods from Sitaram for ₹ 30,000/- at 10% trade discount.
25. Opened a Bank A/c in Bank of Maharashtra by depositing ₹ 30,000/-.
28. Placed an order with Nishikant for supply of goods worth ₹ 20,000/- & sent him advance
₹ 5,000/- by cheque.
29. Paid insurance premium ₹ 1,000/- by cheque.
31. Paid Salaries ₹ 4,000/- in cash and office rent ₹ 2,000/- by cheque.
BOOK - KEEPING TYPE - TEST WEDNESDAY, 18 DEC 2024
CHAPTERS COVERED – JOURNAL, LEDGER, SUBSIDIARY BOOKS, CASHBOOK, PETTY CASHBOOK
Q3. Enter the following transactions in a simple cash book of Arvind.
2019
Oct
1. Started business with Cash ₹ 80,000/-.
2. Deposited into bank ₹ 5,000/-.
7. Purchased goods for ₹ 23,000/- at 5% Cash discount.
10. Purchased computer for ₹ 18,000/-.
13. Sold Goods for ₹ 8,000/- at 10% trade discount and 5% cash discount.
16. Purchased goods from Avinash for ₹ 8,000/-.
20. Sold goods for ₹ 15,000/- at 10% T.D.
22. Paid to Pankaj ₹ 885/- in full settlement of ₹ 900/-.
25. Drew cash for personal use ₹ 500/-.
26. Paid rent ₹ 15,000/-.
27. Borrowed ₹ 6,000/- from wife for doing further business.
28. Paid for salaries ₹ 3,500/-.
29. Received interest ₹ 400/-.
31. Deposited cash in bank in excess of ₹ 20,000/-
Q4. Enter the following transactions in an Analytical Petty Cash Book under Imprest system
for the month of March, 2019.
2019
Mar.
1 - Received cheque from Head Cashier ₹ 1,500.
4 - Paid subscription to newspaper ₹ 100.
7 - Purchased Wooden shelf ₹ 150.
9 - Purchased postal stamps ₹ 15, post cards ₹ 10.
11 - Paid for railway freight ₹ 60.
16 - Paid taxi fare ₹ 25.
19 - Sold old newspapers ₹ 185.
22 - Paid for bus fare ₹ 15.
24 - Paid coolie charges ₹ 35.
27 - Gave loan to peon Radhe ₹ 250.
30 - Paid electricity bill ₹ 225.
31 - Paid for cartage ₹ 75.
BOOK - KEEPING TYPE - TEST WEDNESDAY, 18 DEC 2024
CHAPTERS COVERED – JOURNAL, LEDGER, SUBSIDIARY BOOKS, CASHBOOK, PETTY CASHBOOK
Q5. Enter the following transactions in Purchase Book, Sales Book, Purchase Return Book
and Sales Return Book for the month of October, 2019.
2019
Oct.
1 Purchased goods from Amber Stores for ₹8,750/- and paid for carriage ₹250/-.
4 Sold goods to Varma ₹13,000/- at 10% Trade discount.
5 Credit purchase from Vishal Traders ₹22,500/- and they allowed a trade discount of
₹2,500/-.
7 Purchase goods from Vaishali ₹6,500/- at 5% Trade discount.
8 Received a debit note from Varma ₹450/- (Net).
10 Purchased goods for cash ₹3,500/- from Prachi.
13 Sent a debit note to Vaishali for ₹1,500/- (Gross) for goods returned.
15 Purchased Computers from Garware Computers for ₹35,000/-.
18 Invoiced goods to Suresh ₹10,000/- at 5% Cash discount.
21 Returned goods worth ₹1,750/- to Amber Stores and issued debit note.
24 Placed an order with Ajanta Stores for goods of ₹34,000/-.
26 Ajanta Stores supplied goods of ₹25,000/- only.
28 Sold goods worth ₹5,000/- to Poonawalla at 15% Trade discount.
30 Sold goods to Surendra for ₹8,800/-.
