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Journal Account - Journal

CBSE - STD 11 Commerce - Account (CBSE - English Medium). 112 questions in this chapter.

Question types

Journal question types

112 questions across 5 question groups — pick any mix to generate a Account paper with step-by-step answer keys.

112
Questions
5
Question groups
5
Question types
Sample Questions

Journal questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1M.C.Q (1 Marks)1 Mark
On inter-state sale of goods, which of the following account is credited:
  • A
    Output CGST A/c.
  • ✓
    Output IGST A/c.
  • C
    Input IGST A/c.
  • D
    Output SGST A/c.

Answer: B.

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Q 3M.C.Q (1 Marks)1 Mark
Which of the following accounts will be credited on giving cash donation:
  • ✓
    Cash A/c.
  • B
    Donation A/c.
  • C
    Purchases A/c.
  • D
    None of these.

Answer: A.

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Q 4M.C.Q (1 Marks)1 Mark
Trade Discount allowed is deducted from the gross sales. Sales is recorded in the books of account at:
  • A
    Gross Sales and Trade Discount separately.
  • ✓
    Net Sales Invoice.
  • C
    None of the above.
  • D
    Any of (a) and (b).

Answer: B.

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Q 5M.C.Q (1 Marks)1 Mark
A compound Journal entry:
  • ✓
    Has equal debits and credits.
  • B
    Generally extends to several pages.
  • C
    Does not require narration.
  • D
    All of these.

Answer: A.

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Q 133 Marks Question3 Marks
On 1st April, 2019, the position of Tendulkar was as follows: Stock-in-Hand ₹ 2,88,000; Bills Payable ₹ 48,000; Cash at Bank ₹ 2,16,000; Plant and Machinery ₹ 1,20,000; Debtors ₹ 60,000; Creditors ₹ 96,000; Investment ₹ 2,40,000, Loan from Suresh ₹ 1,80,000. What was the amount of Tendulkar's capital on the date? Pass an opening Journal entry.
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Q 164 Marks Question4 Marks
Journalise the following transactions:
 
 
₹
(a)
Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his official receiver. He owed a debt of
50,000
(b)
Received cash for a bad debt written off last year
25,000
(c)
Rent due to landlord
40,000
(d)
Depreciation on office furniture
5,000
(e)
Salaries due to staff
50,000
(f)
Paid income tax
1,50,000
(g)
Received commission ₹ 25,000, half of which is in advance.
 
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Q 194 Marks Question4 Marks
Pass Journal entry for purchase of goods by Amrit, Delhi from Add Gel Pens, Delhi for ₹ 15,000 less Trade Discount 10% and Cash Discount 3%. CGST and SGST is levied @ 6% each. Assume payment is made at the time of purchase.
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Q 216 Marks Question6 Marks
Journalise the following transactions in the books of Ashok:
  1. Received ₹ 11,700 from Hari Krishan in full settlement of his account for ₹ 12,000.
  2. Received ₹ 11,700 from Shyam on his account for ₹ 12,000.
  3. Received a first and final dividend of 70 paise in the rupee from the official receiver of Rajagopal who owed us ₹ 7,000.
  4. Paid ₹ 2,880 to A.K. Mandal in full settlement of his account for ₹ 3,000.
  5. Paid ₹ 2,880 to S.K. Gupta on his account for ​₹ 3,000.
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Q 226 Marks Question6 Marks
State Whether the following accounts will a debit or credit balances:
  1. Rent Received.
  2. Bank Overdraft.
  3. Wages.
  4. Land and Building.
  5. Commission Received.
  6. Commision Paid.
  7. Rent Outstanding.
  8. Cash in Hand.
  9. M/s. Gupta Traders (Supplliers).
  10. Drawings.
  11. Capital.
  12. Prepaid Rent.
  13. Input IGST.
  14. Output SGST.
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Q 236 Marks Question6 Marks
Journalise the following transactions in the books of Bhushan Agencies:
  1. Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500.
  2. Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
  3. Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash.
  4. Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
  5. Paid cash ₹ 40,000 to suresh, availed discount of 2%.
  6. Paid by cheque ₹ 25,000 to Mehar and settled her dues of ₹ 26,000.
  7. Paid ₹ 25,000 to Yogesh by cheque on account.
  8. Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.
  9. Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
  10. Sold goods of ₹ 30,000 against cheque allowing 2% discount.
  11. Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2% discount.
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Q 246 Marks Question6 Marks
Journalise the following transactions:
 
 
₹
(i)
Shyam became insolvent. A first and final compensation of 75 paise in a rupee was received from his Official Receiver. He owed us
10,000
(ii)
Received cash for bad debts written off last year.
5,000
(iii)
Rent due to landlord.
8,000
(iv)
Salaries due to clerks.
10,000
(v) Placed an order with Rakesh Mohan for the supply of goods of the list price of ₹ 1,00,000. In this connection, Raman paid 10% of the list price as an advance by cheque.  
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