Ques.
1) Record the following business
transactions:\
Sr Particulars Vouch
No. er
1 Business started with cash Rs 20000 F6
2 Opened bank account of rs 5000 F4
3 Purchase goods of rs 12000 on cash F9
4 Sales goods rs 17200 on cash F8
5 Paid Rs 500 to Challenger Systems F5
6 Purchase machinery of rs 5000 on cheque F5
7 Paid wages of Rs 300 F5
8 Paid salary of 4200 F5
9 Purchase goods on credit from MEGATECH of Rs F9
20000
10 Paid carriage of rs 900 F5
11 Sold goods of rs 26000 on credit to ASCORP Pvt F8
Ltd
12 Depreciate machinery by 2% F7
13 Received payment from ASCORP Pvt Ltd F6
14 Paid Rs 20000 to MEGATECH F5
Ques.2) Pass journal entries for the following
transactions:
Started business with cash 5000
Purchased furniture in cash 500
Opened a Bank Account 1000
Goods Purchased in Cash 2000
Goods sold in Cash 1500
Goods purchased on credit from Roy 3000
Paid salaries 800
Paid rent by cheque 500
Goods sold on credit to Bose 1800
Cash paid to Roy 2500
Cash collected from Bose 1500
Cash deposited in Bank 1600
Cash withdrawn for Household Purposes 500
Cheque drawn for office purposes 1000
Question 3 Journal entries
1. Mr.Ramesh started business with cash of RS.3,00,000
2. Mr.Ramesh opened a new bank account in HDFC Bank & deposited
RS.1,50,000
3. Mr. Ramesh purchased computer of RS.20,000 by cash.
4. Purchased goods of RS.15,000 by cash.
5. Sold goods of RS.6000 on cash.
6. Sold goods of RS.10,000 on cash.
7. Ramesh purchased furniture of RS.10,000 by cheque.
8. Purchased goods of RS.12,000 from Krishna on credit.
9. Sold goods to Sanjay of RS.15,000 on credit.
10. Paid Hemali expenses of RS. 500 by cash.
11. Paid telephone expenses of RS.1500 by cash.
12. Received cash from Sanjay of RS.10,000
13. Withdraw cash from HDFC Bank of RS.15,000
14. Paid rent expenses of RS.300 by cash.
15. Purchased goods of RS.10,000 by cash.
16. Sold goods of RS.15,000 on cash.
17. paid cash to krishna of RS.7,000
18. Received commission of RS.5,000
19. Paid petrol expenses of RS.300 by cash.
20. Loan taken from bhushan of RS.2,000
21. Sold goods to jayesh agencies of RS.17,000 on credit.
22. Received cheque from Sanjay of RS.2,000
23. Deposited cash in HDFC Bank of RS.10,000
24. Paid office expenses of RS.500 by cash.
25. Paid electricity expenses by cheque of RS.1,000
26. Cheque of Rs.1500 transferred from HDFC Bank to ICICI Bank.
27. Purchased cooler from mahaveer coolers of RS.15,000 on credit.
28. Purchased goods of RS.3,000 by cash.
29. Received cash from jayesh agencies of RS.15000
30. Paid octroi expenses of RS.400 by cash.
Ques. 4 (TD and CD)
1. Started business with cash Rs 45000, furniture Rs
12500, Land Rs 10000
2. Opened bank account and depositing cash Rs 8000
3. Purchased goods from Viraj traders on cash Rs
40000 at TD @ 10% and CD @ 5%
4. Sold all goods on Cash Rs 79000 At CD 3% and TD
3%
5. Paid Loading and unloading charges Rs 450
6. Paid advance salary 1200
7. Paid Carriage expenses Rs 1240
8. Paid wages of two workers, Rs 400 per day per
worker the total working day is 7
9. Withdrawal cash from bank Rs 2000
10.Bought goods from satyam traders on cash Rs
50000 at TD @ 9% and CD @ 6%
11.Sold all goods on Cash with 35% profit on
purchased At CD 5% and TD 4%
12.Bank giving interest on bank deposits @ 3%
Question 5 (TD and CD)
Gaurav Started business with cash ₹ 1,00,000
Borrowed loan from bank ₹ 25,000
Deposited cash into bank ₹ 60,000
Bought goods and paid by cheque ₹ 10,000
Cash withdrawn for personal use ₹ 5,000
Cash withdrawn from bank for office use ₹ 3,000
Paid Telephone Charges Rs.2000
Received Commission Rs.30000
An account paid to M/s.ANU ENTERPRISES was Rs.15000 part
settlement
Purchase goods from M/s.A.P COMPUTERS was Rs.50000 bill no:30
25days
Depreciation of Machinery @ 10%
Cash withdraw from bank Rs.10000
Bank O/D Received Rs.200000
Bank Loan Received Rs.200000
Paid Wages Rs.1500
Good sold on credit to M/s.SARASWATHI PRINTERS was Rs.90000 bill
no:01
Paid Fright Charges Rs.500
We return to M/s.A.P COMPUTERS was Rs.5000 against bill no:30
Dividend received Rs.30000
Paid salary Rs.5000
Paid Printing & Stationery Rs.300
Amount received from M/s.RIYAS & CO was Rs.20000 against bill:010
and discount allowed to Rs.1000 balance amount Bad debit written off
Question 6 (Order Processing)
1. Rahul commenced business with cash Rs 125000
And machinery 45000.
2. Stationery purchased on cash Rs 2200
3. Borrowed loan from bank Rs 35000
4. Purchased on credit from Mr. CITIZEN for the
followings
item quantity Rate discount
A 50 450 5%
B 45 650 6%
C 55 125 2%
5. sold goods to Sunil Sharma on credit
item quantity Rate discount
A 50 550 3%
B 45 750 3%
C 55 325 2%
6. received payment from sunil Sharma Rs 69,125
7. payment made to Mr. CITIZEN Rs 58625
8. Purchased on cash from Mr. Micro Max for the
followings
item quantity Rate discount
D 36 740 5%
E 41 460 6%
F 44 560 7%
9. Sold goods on credit to Mr. BENN for the followings
item quantity Rate discount
D 36 840 2.5%
E 41 560 3%
F 44 670 4%
10. Received payment from Mr. Benn 75000 and
remaing 5056 is not received as bad debts.
Question 7. Journalize the following transactions.
1. Commenced business with cash Rs.10, 000.
2. Deposit into bank Rs. 15,000
3. Bought office furniture Rs.3,000
4. Soled goods for cash Rs.2,500
5. Purchased goods form Mr X on credit Rs.2,000
6. Soled goods to Mr Y on credit Rs.3,000
7. Received cash form Mr. Y on account Rs.2,000
8. Paid cash to Mr X Rs. 1,000
9. Received commission Rs. 50
10. Received interest on bank deposit Rs. 100
11. Paid into bank Rs. 1,000
12. Paid for advertisement Rs.500
13. Purchased goods for cash Rs. 800
14. Sold goods for cash Rs. 1,500
15. Paid salary Rs. 500
Question 8. Journalize the following transactions
1. Shri Kushal cloth store started with 5 lakh rupees.
2. Opened an SBI Bank account in Dhamtari with Rs
3 lakh.
3. Bought furniture worth Rs 10,000 for the shop.
4. Bought clothes worth Rs 2 lakh from Shree Cloth
Store Raipur and paid 12% GST.
5. Electricity bill of 2000 rupees.
6. Tea and breakfast were given 100 rupees.
7. Telephone bill of Rs. 1500 was paid by cheque.
8. Interest of Rs. 1500 was received from SBI Bank
9. The rent of Rs 5000 was paid by cheque.
10. Shree Trisha Cloth Centre Colliery sold clothes
worth Rs 1 lakh with 12% GST.
11. Paid 2500 rupees for the car rent.
12. Shree Cloth Store Raipur Clothes worth Rs
15000 were sent back on receiving damage.
13. Office maintenance was given Rs 2000.
14. Withdraw 5000 rupees from SBI Bank for petty
cash.
15. Clothes worth Rs 10,000 from Shree Trisha
Cloth Centre Colliery came back due to damage.
16. A cheque of Rs 90,000 was received from Shri
Trisha Cloth Centre Colliery.
17. paid Rs 50,000 to Shree Cloth Store Raipur
and received 5 percent cash discount.
18. Clothes worth Rs 2,000 were damaged.
19. a computer system worth Rs 15000 for the
shop.
20. 5000 rupees were given for the decoration of the
shop.
Question 9
1. Additional capital introduced by MR. S RS 500000 and same was deposited
to axis bank.
2. Purchase cloth from MR. B, 50 mtr at RS 500 per mtr with GST 18%. While
paying to MR. B he allowed discount of RS 1000 and accept RS 24000 as full
and final settlement.
3. Cash sale was made during the year RS 100000 with GST 18%.
4. Purchase machinery required for production of cloth from ABC traders and
immediate payment was made through Axis bank RS 50000 with GST18%.
5. Raw material purchased from MR. A on 30 days credit RS 75000 with
GST18%.
6. Goods sold to MR.C RS 15000 with GST 18%, discount of RS 150 was allowed
to MR.C and cheque was received for balance payment.
7. Cheque received from MR.C was dishonoured.
8. Goods sold to MR. Z and cheque received RS 150000 with GST 18%.
9. Wages paid RS 25000.
10.Cash withdrawn from AXIS bank RS 15000.
11.Miscellaneous expense paid in cash RS 12000.
12.Depreciation of plant and machinery -15% with WDV method.
13.Commission received RS 10000.
14.Fire broke out in the factory and goods costing RS 5000 was destroyed.
15.Cash was stolen from cash box RS 1500.
16.MR. S withdrawn cash RS 15000 for his personal use.
17.GST liability was offset and balance payment was made in cash
Balance Sheet total - 783500
Trail Balance – 86450
question 10
Question 11
Question 12
