CHARTERED COMMERCE
ACCOUNTS
CLASS 11th
DPP 3
Q.1. Pass Journal Entries for the following transactions :-
1. Provide depreciation on Furniture ₹5,000 and on Machinery ₹20,000.
2. Received cash ₹10,000 for bad-debts written off last year.
3. Ajay Singh was declared bankrupt. He owed ₹25,000 to us. Nothing could be recovered from
his estate.
4. ₹2,00,000 for wages and ₹40,000 for salaries are outstanding.
5. Purchased furniture for ₹60,000 for the proprietor and paid the amount by cheque.
6. Provide 9% interest on capital amounting to 20,00,000,
7. Charge interest on drawings ₹10,000.
Q.2. Pass journal entries for the following:
Jan. 5 Purchased goods for Cash 10,000 and spent 200 for their carriage.
Jan. 10 Purchased machinery for Cash ₹50,000 and spent ₹500 for its carriage.
Jan. 15 Paid by cheque ₹2,00,000 for cement, ₹1,00,000 for timber and ₹50,000 as wages for
the construction of building.
Jan. 20 Paid ₹4,000 for repairing some other machinery.
Jan. 17 Purchased an old machinery for 20,000 and spent ₹2,500 on its immediate repairs.
Jan 20 Paid ₹ 4,000 for repairing some other Machinery.
Q.3 Enter the following transactions in the Journal of Samir & Co.: 2022
June 1 Samir & Co. paid into bank as capital 6,00,000.
June 3 Purchased goods from Mukesh of the list price of ₹2,00,000 at 10% trade discount.
June 4 One-fourth of the above goods returned to Mukesh for not being upto specifications.
June 6 Issued a cheque to Mukesh for the amount due to him after deducting 2% as cash
discount.
June 7 Withdrew from bank 2,50,000 for office use and ₹10,000 for personal use.
June 10 Purchased a machinery for ₹1,00,000 and spent ₹5,000 on its installation. Payment for
machinery was made by cheque and installation expenses were paid in cash.
June 12 Sold goods for ₹1,00,000 to Amar.
June 13 Amar clears his account by giving a cheque of ₹98,500. Cheque is immediately sent to
bank.
June 15 Purchased stationery for personal use ₹3,000 and for office use ₹5,000.
June 20 Purchased land for ₹2,00,000 and paid 1% as brokerage and ₹15,000 as registration
charges on it. Entire payment is made by Cheque.
June 30 Wages due to labourers 20,000 and salary due to the clerk 230,000.
Q.4. Journalise the following transactions of Manoj kumar Traders, timber merchants:-
1. Purchased timber from Kuldeep Kumar, for cash ₹2,000 and credit ₹10,000
2. Paid to Kuldeep Kumar in full settlement of his account 9,950.
3. Paid rent in advance ₹10,000.
4. Purchased machinery for ₹1,00,000 by cheque and carriage ₹2,000 and charges 1,000 paid
in Cash.
5. Purchased goods for ₹50,000 from Govind and sold it to Manohar for ₹65,000
Q.5. Pass Journal entries for the following transactions:-
1. Purchased Machinery for 20,000 and paid 200 for its carriage.
2. Received a cheque of ₹4,850 from X in full settlement of his account of ₹500 Cheque was
immediately deposited into bank.
3. Received by cheque a first and final payment of 60 paise in a ₹10,000. from Y who owed
4. Sold goods to Z for ₹10,000 at a trade discount of 20%. Next day a cheque w received from
him after deducting 5% cash discount. Cheque was immediate deposited into Bank.
5. Goods costing 20,000 sold to Manoj at a profit of 20% on cost less 10% the discount.
Q.6. Journalise the following transactions:-
1. Goods for ₹50,000 were destroyed by fire.
2. Goods worth 18,000 were distributed as free samples and 20,000 were given a as charity in
cash.
3. Goods worth personal use. 25,000 and cash ₹40,000 were taken away by the proprietor for
his
4. Goods worth 20,000 and cash ₹5,000 were given away as charity.
5. Cash ₹1,00,000 were stolen from the Iron Safe of the trader.
Q.7. Journalise the following transactions:-
(1) Sold goods to Brijesh of the list price of ₹10,000 at trade discount of 5%. Received full
payment in cash.
(if) Goods given away as charity ₹1,000.
(iii) Charge interest on capital of ₹5,00,000 @ 7% p.a.
(iv) Outstanding wages ₹3,000.
(v) ₹5,000 due from Sunny are now bad debts.
(vi) ₹50,000 cash sales (of goods costing ₹40,000).
Q.8. Prepare journal from the transactions given below:-
(a) Proprietor withdrew for private use ₹10,000 from bank.
(b) Goods costing ₹50,000 were burnt by fire.
(c) Purchased machinery for cash ₹1,50,000 and paid ₹2,000 on its installation.
(d) Charge 5% depreciation on building costing ₹2,00,000 and 8% depreciation on furniture
costing ₹5,000, 375
(e) Prepaid salary ₹2,000.
(f) Kapil who owed us ₹20,000 becomes insolvent and nothing is received from his estate.
