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Books of Original Entry – Journal — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBooks of Original Entry – Journal6 Marks
Question
Prepare journal from the transactions given below:
  1. Proprietor withdrew for private use ₹ 10,000 from bank.
  2. Goods costing ₹ 50,000 were burnt by fire.
  3. Purchased machinery for cash ₹ 1,50,000 and paid ₹ 2,000 on its installation.
  4. Charge 5% depreciation on building costing ₹ 2,00,000 and 8% depreciation on furniture costing ₹ 5,000.
  5. Prepaid salary ₹ 2,000.
  6. Kapil who owed us ₹ 20,000 becomes insolvent and nothing is received from his estate.
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Journalise the following entries:
  1. Goods costing ₹ 500 given as charity.
  2. Sold goods to Mayank of ₹ 1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale.
  3. Received ₹ 975 from Harikrishna in full settlement of his account of ₹ 1,000.
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  5. Charge interest on Drawings ₹ 1,500.
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During the course of an accounting year, the accountant prepared a trial balance which did not tally. He put the difference in a suspense account. Subsequently, he located the following errors in his books of account:
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Amar sells goods to Bhola for ₹ 10,000 plus CGST and SGST @ 9% each. He receives the GST amount in cash and draws upon Bhola a bill for the balance amount payable 3 months after date. The bill is accepted by Bhola. Amar discounts the bill with his bank at a discount of ₹ 150 inclusive of all charges. Bhola fails to meet this bill on maturity. Amar pays off his bank and his expenses amounting to ₹ 100. Bhola gives a fresh bill of 2 months' date to Amar for ₹ 10,250, which he meets at maturity. Show necessary Journal entries in Amar's books.
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Prepare petty cash book from the following transactions. The imprest amount is ₹ 2,000.
 
2017 January
₹
01
Paid cartage
50
02
STD charges
40
02
Bus fare
20
03
Postage
30
04
Refreshment for employees
80
06
Courier charges
30
08
Refreshment of customer
50
10
Cartage
35
15
Taxi fare to manager
70
18
Stationery
65
20
Bus fare
10
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Fax charges
30
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Telegrams charges
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27
Postage stamps
200
29
Repair on furniture
105
30
Laundry expenses
115
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Miscellaneous expenses
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(vii) Premium of Life Insurance Policy of Mr. D.H. paid by the bank on standing instructions. 360
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Write up Cash Book of Bhanu Partap with Cash and Bank Columns from the following transactions:
2017
 
(₹)
March 1
Cash-in-hand
2,710
Cash at Bank
27,500
March 3
Received from Subhash
3,500
March 4
Sold goods for cash
10,000
March 7
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800
March 8
Paid Sohan by cheque
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March 10
Bought goods for cash
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March 12
Paid cash for stationery
200
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8,000
March 15
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March 16
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March 20
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March 22
Bought Scooter and paid for the same by cheque
18,000
March 25
Bank returned Surendra's cheque dishonoured
 
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March 29
Cash sales
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March 30
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Prepare Bank Reconciliation Statement as on 30th September, 2016 from the following particulars:
 
 
₹
(i)
Bank Balance as per Pass Book.
10,000
(ii)
Cheque deposited into bank but no entry was passed in Cash Book.
500
(iii)
Cheque received and entered in Cash Book but not sent to bank.
1,200
(iv)
Insurance premium paid directly by the bank.
800
(v)
Bank charges entered twice in the Cash Book.
20
(vi)
Cheque received entered twice in Cash Book.
1,000
(vii)
Bill discounted dishonoured not recorded in the cash book.
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