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Account Give Answer As Asked . (3 Marks)

Journal · Gujarat Board (GSEB) STD 11 Commerce (GSEB - English Medium). 7 questions.

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Give Answer As Asked . (3 Marks)

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7 questions · timed · auto-graded

Question 13 Marks
From the following transactions of Jay Ambe Tools, write journal entries.
$2018$
July
$1$ Paid by chqeue : Life insurance premium $₹ 1000$ and for fire insurance $1500.$
$8$ Bank has sanctioned bank overdraft of $₹ 40,000.$
$15$ Purchased 2000 shares of Nirma Ltd. at $₹ 10$ per share and brokerage paid at $₹ 1$ per share, payment made by cheque.
$20$ Cheque received from Mahesh of $₹ 1900$ after deducting $5\%$ cash discount.
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Question 23 Marks
From the following transactions of Rajkot Oil Depo, write journal entries.
$2018$
June
$1$ Goods of $₹ 1000$ given for Railway relief fund.
$8$ Furniture of $₹ 4000$ purchased and against which goods given of $₹ 3500.$
$10$ Goods of $₹ 400$ withdrawn for personal use.
Answer
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Question 33 Marks
From the following transactions of Mansukh, write journal entries.
$2018$
May
$7$ Goods of $₹ 8000$ destroyed by fire. Insurance company admitted claim of $80 %$ amount.
$11$ Insurance company has issued chqeue of insurance claim.
$22\ ₹ 500$ realised from sale of goods destroyed by fire.
Answer
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Question 43 Marks
Write journal entries in the books of Shailesh for the following transactions.
$2018$
April
$1$ Machine purchased $₹ 50,000$ and installation expense $₹ 5000$ paid in cash.
$7$ Goods of $₹ 2000$ distributed as sample.
$15\ ₹ 4000$ was receivable from Ved. He becomes insolvent and $50 \%$ amount is received by cheque as final settlement.
Answer
self
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Question 53 Marks
Write journal entry in the books of Satish, from the following transactions.
$2018$
March
$1$ Business commenced by introducing cash $₹ 60,000$ and loan of Avani $₹ 40,000.$
$7$ Life insurance premium $₹ 2000$ paid by cheque.
$9$ Interest received from Shailesh $₹ 500.$
Answer
self
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Question 63 Marks
From the following transactions write journal in the books of Keval.
$2018$
Feb.
$1$ Goods of $₹ 15,000$ purchased from Bhagat at $10\%$ trade discount.
$12$ Goods of $₹ 8000$ sold to Magan at $10\%$ trade discount.
$13$  $₹ 1000$ paid for salary to clerk Ghanshyam.
Answer
self
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Question 73 Marks
From the following transactions of Shri $R. K.$ Traders, write journal book.
$2018$
Jan.
$1$ Business commenced by introducing cash of $₹ 10,000,$ building $₹ 20,000$ and debtors of $₹ 5000.$
$5$ Goods purchased of $₹ 10,000.$
$7$ Goods sold for $₹ 5000$
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Give Answer As Asked . (3 Marks) - Account STD 11 Commerce Questions - Vidyadip