Sample QuestionsP1 C8 Journal Proper questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Wages of $Rs.1,000$ paid for the installation of a new machine is debited to wages account. Whichaccount will be affected while rectifying this error?
- ✓
Wages A/c and Machine A/c
- B
- C
- D
Answer: A.
View full solution →Why is it necessary to write adjustment entry at the end of the year for closing stock?
- A
- ✓
To find true profit or loss
- C
- D
Answer: B.
View full solution →$………..$is not included in subsidiary book.
Answer: C.
View full solution →Transactions which are not recorded in other subsidiary books are recorded in$…………..$
Answer: B.
View full solution →Salary A/c closed and transferred to which A/c ?
Answer: B.
View full solution →What is opening entries ?
What is rectification entries ?
What is Adjustment entries ?
What is closing entries ?
Which types of transactions are recorded in the journal proper ?
DhrumilKamani starts business with following assets and liabilities on $Dt. 1-1-2015.$ Write opening Journal Proper. Cash $Rs.18,000,$ Bank balance $Rs.12,000$, furniture $Rs.15,000$, Stock of goods $Rs.20,000$, Personal debtors $Rs.5,000$ and $12\%$ loan from Mayaben$Rs.10,000.$
View full solution →Explain the classification of the transactions recorded in the Journal Proper.
Explain Journal Proper with illustration.
Pass jounral entries for closing the following account:
$(1)$ Dividend received account $Rs.700$
$(2)$ Purchase account $Rs.5,000$
$(3)$ Sales account $Rs. 10,000$
View full solution →Pass jounral entries for closing the following account:
$(1)$ Interest received account $Rs. 800$
$(2)$ Advertisement expense account $Rs. 1,500$
$(3)$ Salary account $Rs. 4,000$
View full solution →Pass jounral entries for closing the following account:
$(1)$ Interest expense account $Rs.1,000$
$(2)$ Sales return account $Rs. 3,000$
$(3)$ Purchase return account $Rs. 2,000$
View full solution →Pass adjustment entries for the following adjustment in the Journal proper of Shri Maya :
1. Closing stock of ₹ 30,000.
2. Salary ₹ 8,000 is unpaid.
3. ₹ 600 is accrued for interest.
Form the following, pass necessary journal entries in the Journal Proper of Shri Ektta:
1. Brought machinery of ₹ 10,000; furniture of ₹ 15,000 and stock of goods of ₹ 25,000 for starting the business.
2. At the end of the year, the balance of purchase account is ₹ 75,000; carriage inward account is ₹ 5,000 and sales return account is ₹ 10,000. Write closing combined entries.
3. Pass closing combined entries for these accounts:(1) Interest received account ₹ 900, (2) Dividend account ₹ 600 and (3) Interest on drawings ₹ 500.
Pass Jounral entries for the following transaction in Journal Proper:
$(1) Rs.700$ received from Renuka is recorded in Bhumika's account.
$(2) Rs.1,000$ received from Updesh for bad debt written off in past, which is credited to Updesh'saccount.
$(3) Rs.800$ paid to Sharma is debited to Varma's account.
$(4) Rs.1,200$ paid for insurance premium is debited to drawings account.
$(5)$ Old furniture of $Rs.6,000$ of business sold for $Rs.5,800.$
View full solution →Record the following transactions in the journal proper of Rakesh: $(1 )$ Gave goods of $Rs.5,000$ to Anath Ashram. $(2 )$ Distributed goods of $Rs.4,000$ as free samples. $(3)$ Withdrew goods of $Rs.8,000$ from the business for the personal use. $(4)$ Purchased furniture of $Rs.3,000$ by giving goods of $Rs.2,800. (5)$ Goods of $Rs.7,000$ were destroyed by fire, for which the insurance company accepted a claim of $Rs.5,500. (6)$ An amount of $Rs.2,000 $ Is receivable from Nirali, which cannot be received now. $(7)$ Write off depreciation on machinery $Rs.800. (8)$ Salary for the month of March is unpaid $Rs.7,800.$
View full solution →Shri Gujarat Stores does not maintain separate subsidiary books for transactions of bill receivable, bill payable, purchase return and sales return. Record the following transactions in the Journal Proper.$(1)$ Drew a bill $Rs.8,000$ on Ramnik which he accepted and returned.
$(2)$ Accepted a bill of $Rs.3,000$ drawn by Vijay and returned to him.
$(3)$ Bill receivable of Ramnik endorsed to Ramesh.
$(4)$ Goods of $Rs.3,000$ returned by Paresh to us.
$(5)$ Goods of $Rs.1,500 $ returned to Mahendra.
View full solution →Yuvraj does not maintain separate subsidiary books for bills receivable, bills payable,purchase returns and sales returns. Pass entries of the following transactions in the Journal Proper. $(1)$ A bill of $Rs. 8000$ drawn on a debtor Mayur for collection of dues from him, which heaccepted and returned it to us. $(2)$ We accepted a bill of $Rs. 5000$ drawn by Ketan against his debt of $Rs. 7000,$ which weaccepted and returned to him. $(3)$ The bill accepted by Mayur was dishonoured on the maturity date. $(4)$ Returned goods of $Rs. 4000$ to Chetan. These goods were purchased before ten days onthree months' credit. $(5)$ Pranay returned goods of $Rs. 2000,$ which we had sold on two months' credit.
View full solution →Record the following in the Journal Proper of Shri Amarnath.$2014$ Oct
| $1$ |
Gave goods of $₹ 1500$ in charity. |
| $2$ |
Distributed goods of $₹ 3000$ as free samples. |
| $3$ |
Took goods of $₹ 2500$ from the business for personal use. |
| $4$ |
A bill of $₹ 4000$ accepted by Priyanka, was dishonoured on the maturity date. |
| $5$ |
An amount of $₹ 3500$ receivable from Naresh cannot be collected from him. |
| $6$ |
A bill of $₹ 2000$ endorsed in favour of Pankaj against debt of $₹ 2050.$ |
| $7$ |
Goods of $₹ 5000$ were destroyed by fire, for which the insurance company accepted a claim of $₹ 4000.$ |
| $8$ |
Purchased a furniture of $₹ 8000$ against the goods costing $₹ 7000.$ |
View full solution →Yuvraj does not maintain separate subsidiary books for bills receivable, bills payable, purchase returns and sales returns. Pass entries of the following transactions in the Journal Proper.
| $(1)$ |
A bill of $₹ 8000$ drawn on a debtor Mayur for collection of dues from him, which he accepted and returned it to us. |
| $(2)$ |
We accepted a bill of $₹ 5000$ drawn by Ketan against his debt of $₹ 7000,$ which we accepted and returned to him. |
| $(3)$ |
The bill accepted by Mayur was dishonoured on the maturity date. |
| $(4)$ |
Returned goods of $₹ 4000$ to Chetan. These goods were purchased before ten days on three months' credit. |
| $(5)$ |
Pranav returned goods of $₹ 2000,$ which we had sold on two months' credit. |
View full solution →Write the following transactions in the journal proper of Shilpa Shah. $2016$ Mar. $1$ Goods of $Rs. 3,000 $ get wet in rain, insurance company accepted the claim of $Rs. 2,000$ and realised $Rs.500$ for the same goods. $2 $ Received goods of $Rs. 4,000$ as samples. $3$ Distributed goods of $Rs. 6,000 $ as free samples. $4$ Gave goods of $Rs. 10,000$ to son as he wants to start his own business. $5$ Gave goods of $Rs. 1,500$ to old age home. $6$ Purchased a bicycle of $Rs. 3,000$ by giving away goods of $Rs.2,500.$
$7$ Goods of $Rs. 12,000$ destroyed by fire for which insurance company accepted the claim for $40\%$ amount. Realised $Rs. 1,700$ for on sale of same goods. $8$
$Rs.5,000$ is receivable from Rakeshbhai out of that $50\%$ amount is irrecoverable. $9$ Provide depreciation of $Rs.2,000$ on furniture. $10$ Electricity bill of $Rs.2,500$ is due for payment. $11$ Interest $Rs.800$ is due for receipt.
View full solution →Write the following transactions in the journal proper of Binduben. $($Narration not required$)$ $(1)$ Goods of $Rs.5,000$ returned by Ravish. $(2)$ Goods of $Rs.36,000$ returned to Dipen. $(3)$ Shaily accepted to pay $Rs. 3,000$ payable to Ruchi. $(4)$ Drew a bill of * $Rs. 5,000$ on Sureshbhai which he accepted and returned. $(5)$ Accepted a bill of $Rs. 3,000$ and returned it to Dipakbhai. $(6)$ Endorsed the bill accepted by Sureshbhai in favour of Lalitbhai. $(7)$ Sagar returned goods of $Rs. 2,500$ which we sold to him, which we returned to Nayan from whom we purchased it.
View full solution →Record the following in the Journal Proper of Shri Amarnath.
| $2014$ |
| Oct. |
$1$ |
Gave goods of $Rs. 1500$ in charity. |
| |
$2$ |
Distributed goods of $Rs. 3000$ as free samples. |
| |
$3$ |
Took goods of $Rs. 2500$ from the business for personal use. |
| |
$4$ |
A bill of $Rs. 4000$ accepted by Priyanka, was dishonoured on the maturity date. |
| |
$5$ |
An amount of $Rs. 3500$ receivable from Naresh cannot be collected from him. |
| |
$6$ |
A bill of $Rs. 2000$ endorsed in favour of Pankaj against debt of $Rs. 2050.$ |
| |
$7$ |
Goods of $Rs. 5000$ were destroyed by fire, for which the insurance company accepteda claim of $Rs. 4000.$ |
| |
$8$ |
Purchased a furniture of $Rs. 8000$ against the goods costing $Rs. 7000.$ |
View full solution →Record the following transaction in the Journal Proper of Shri Ekta
| $2014$ |
| March |
$1$ |
Brought furniture of $Rs.7,000.$ goods of $Rs.15,000$ and machinery of $Rs.20,000$ to start the
Business |
| |
$2$ |
Scientific calculator of $Rs.2,000$ and cellular phone of $Rs.25,000$, purchased fromKamlesh Trader |
| |
$3$ |
Fan of $Rs.2,500$ purchased for household use by giving goods of $Rs.3,000.$ |
| |
$4$ |
Drew a bill of $Rs.8,000$ on Namrata, which he accepted and returned. |
| |
$5$ |
Bill of Namrata endorsed to Yesha against her debt of $Rs.8,050.$ |
| |
$6$ |
A bill of $Rs.6,000$ drawn by Bharat accepted by us and retured to him. |
| |
$7$ |
Goods of $Rs.8,000$ were stolen away from the godown, for which the insurance company accepted a
claim of $75%$ of the amount. |
| |
$8$ |
An amount of $Rs.8,000$ is receivable from Nirav and $Rs.8,200$ is payable to Nalin. The account of Nalin was settled by Nirav accepting to pay $Rs.8,000.$ |
| |
$9$ |
Cash received from Rajendra for bad debt recovered $Rs.2,000$. |
| |
$10$ |
$Rs.300$ is payable to Manoj for interest. |
View full solution →Write adjustment entries for the following adjustments.
$(1)$ Provide depreciation of $Rs.2,000$ on furniture.
$(2)$ $Rs.2,500$ is irrecoverable from Kalpana.
$(3)$ Insurance premium $Rs. 1,000$ is paid in advance to insurance company.
$(4)$ Apprentice premium $Rs.2,000$ is still not received.
$(5)$ Unpaid advertisement expense $Rs. 1,700.$
$(6)$ Interest $Rs.500$ received in advance.
$(7)$ Closing stock is $Rs.12,000.$
View full solution →Write Closing entries to close the following accounts:
$(1)$ Purchase A/c : $Rs. 10,000$
$(2)$ Purchase return A/C : $Rs.500$
$(3)$ Sales Alc : $Rs.16,000$
$(4)$ Sales return A/c : $Rs.1,000$
$(5)$ Salary A/C : $Rs.4,000$
$(6)$ Wages A/C : $Rs.800$
$(7)$ Dividend A/c : $Rs.250$
$(8)$ Depreciation A/c : $Rs.1,000$
$(9)$ Discount received A/c : $Rs. 150$
$(10)$ Interest paid A/c : $Rs.175$
$(11)$ Apprentice premium A/C : $Rs. 600$
$(12)$ Railway freight A/c : $Rs. 200$
$(13)$ Borrowed loan interest A/c : $Rs.425$
$(14)$ Loan advance - Interest A/c : $Rs.325$
$(15)$ Carriage inward A/c : $Rs.300$
View full solution →Write the following transactions in the journal proper of Samir $(Rectification entries)$
$(1)$ Salary for $Rs.5,000$ is wrongly debited to Keyur A/c.
$(2)$ Bad debts written off $Rs.2,000$ is recovered from Zalak which is wrongly credits to Zalak A/c.
$(3)$ $Rs.3,000$ received from Nayan, wrongly credited to Nayana A/c.
$(4)$ $Rs. 2,000$ paid for life insurance premium is debited to Insurance premium A/c.
$(5)$ Machine of $Rs.8,000$ sold for $Rs. 7,000$ to Dev.
$(6)$ $Rs.1,000$ paid to Haresh is debited to Naresh A/c.
$(7)$ $Rs. 1,200$ paid for insurance premium is debited to Insurance company A/c.
$(8)$ $Rs.1,000$ received from Het, wrongly recorded to Heet A/c.
$(9)$ Purchased a machine of $Rs.5,000$ is debited wrongly to purchase A/c.
$(10)$ $Rs.1,000$ paid for office expense is debited to salary A/c.
View full solution →From the following transactions of Kaushik Patel prepare journal proper.
$2016$ Jan $1$. Started business by bringing in stock of goods $Rs. 10,000$, Computer $Rs. 12,000$, Furniture $Rs. 10,000$ and Machine of Rs. $4,000.$$4$ From Dev Electronics purchased $A.C.$ of $Rs.18,000$ and Mobile of $4,000$ for business.
$7$ Goods of $Rs.8,000$ destroyed in an accident for which insurance company accepted claim of $80\%$ amount.
$10$ Received $Rs. 3,000$ from Nidhi which was earlier written off as bad debts.
$12$ Purchased a cupboard of $Rs. 3,800$ for personal use in exchange of goods of $Rs.4,000$ $14$ Drew a bill of $Rs.2,000$ on Prakash which he accepted and returned.
$16$ Accepted a bill of $Rs.4,000$ and returned it to Mayank.
$20$ Endorsed the bill accepted by Prakash in favour of Bela for the settlement of debt of $Rs.2,020.$
$21$ An amount of $Rs. 6,000$ is receivable from Archana and that of $Rs. 6,350$ is payable to Samir.
The amount of Archna was settled by Samir accepting to pay $Rs. 6,000$ $23$ Interest $Rs.400$ is due for payment to Avneetbhai.
$25$ Commission $Rs.400$ is receivable from Avneetbhai.
$28$ Goods of $Rs.35,000$ is withdrawn for personal use from the business.
$31$ Drew a bill of $Rs. 3,000$ on Zalak which she accepted and returned.
View full solution →