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ACCOUNTANCY FOR GRADE 11

WORKSHEET
RULE FOR ASSETS AND EXPENSES

Debit increases & credit decreases

RULE FOR CAPITAL, INCOME & LIABILITIES

Credit increases and debit decreases


Q.1 Journalise the following transactions:
`
2008 April 1 Ramesh started business with cash 10,000
April 2 paid into bank 7,000
3 bought goods for cash 500
4 Drew cash from the bank for office use 100
13 sold to Krishna goods on credit 150
20 bought of Shyam goods on credit 225
24 Received from Krishna 145
28 paid shyam cash 215
28 Discount allowed 10
30 Cash Sales for the month 800
30 Paid rent 50
30 paid salary 100
Q.2 Journalise the following transactions:
(a) Y, a debtor of the firm became insolvent . A first and final payment of 30 paise in a
rupee was received towards his total due of ` 2,000.
(b) Received a first and final dividend of 60 paise in rupee from the official receiver of
Gupta who owed ` 1,000.
(c) Ajay became insolvent. A first and final compensation of 75 paiseinrupee was
received from his official receiver who owed a debt of ` 3,000.
(d) Krishna who owed ` 5,000 was declared insolventand 60 paise in a rupee are
received as final compensation.
(e) Rakesh is declared insolvent. A final compensation of 25 paise in the rupee is
received from his estate out of ` 4,000.
(f) An amount of ` 500 due from Mr. Anil is irrecoverable.
(g) Bad debts written off recovered ` 500.
Q.3 Journalise the following transactions.
(a) Received `4,500 from Rahul in full settlement of his account for ` 5,000.
(b) Received ` 2990 from Mr. Sunil in full settlement of his account for ` 3,000.
(c) Received 3,885 from Mr. Manoj in full settlement of his account for ` 4,000.
(d) Received ` 3,000 from Rajan on his account for ` 6,000.
(e) Received ` 7,000 from Ashok on his account for ` 9,000.
(f) Received ` 8,800 from Mr. X on his account for ` 9,000.
Q.4 Journalise the following transactions:
(a) Paid to Mr. Ramesh ` 2500
(b) Paid to Mr. Ramesh ` 2,500 on his account for ` 3,000.
(c) Paid to Mr. Ramesh 2,500 in full settlement of his account for ` 3,000.
Q.5 Journalise the following transactions:
(a) Goods given as charity ` 300.
(b) Goods lost by fire ` 2,000.
(c) Goods distributed as free sample ` 600.
(d) Goods used to make asset ` 1,200.
(e) Goods taken by the proprietor for his personal use ` 700.
Q.6 Journalise the following transactions:
(a) Supplied goods costing ` 7000 to Sohan issued at 10% above cost less 5%Trade Discount.
(b) Sold goods costing ` 6,000 to Mohan issued at 10% above cost less 5% Trade discount.
(c) Sold goods costing ` 4000 to Prabhu issued at 10% above cost less 5% trade discount.
(d) Sold goods to Mr.A at a list price` 2,000. Sales subject to 10% trade discount and 5% cash
discount if payment is made immediately. Mr. A availed of cash discount.
(e) Sold goods to ShriMisra, list price ` 8,000, trade discount 10% and cash discount 5%. Halfof
the amont is paid on the same day and availed the cash discount.
Q.7 Journalise the following transactions:
(a) Purchased goods from Anil of `20,000 on 10% trade discount and 5% cash discount. Half of
the amount is paid at the time of purchase.
(b) Purchased goods from Sunil of ` 30,000 on 10% trade discount and 5% cash discount. Paid
the amount at the time of purchase itself.
(c) Purchased goods from Ajay of ` 50,000 on 10% trade discount and 5% cash discount. Half of
the amount is paid at the time of purchase itself.
(d) Purchased goods from Sushil of ` 40,000 on 10% trade discount and 5% cash discount. Half
of the amount was paid by cash and balance by cheque.
(e) Purchased goods from Reghu of ` 8,000 on 10 % trade discount and 5% cash discount. Half
of the amount is paid at the time of purchase itself.
Q.8 Journalise the following transactions:
(a) A machinery purchased for ` 1,00,000.
(b) Shipping and forwarding charges for the above machinery ` 2,000.
(c) Import duty of the above machinery ` 3,000.
(d) Expenses of installation of the machinery ` 4,500.

Q.9 Journalise the following transactions:


(a) Rent outstanding ` 200.
(b) Interest outstanding ` 150.
(c) Wages outstanding ` 500.
(d) Salary outstanding ` 1,100.
Q.10 Journalise the following transactions:
(a) prepaid rent ` 250.
(b) Prepaid insurance premium ` 1,000.
(c) Interest prepaid ` 450.
Q.11 Journalise the following transactions:
(a) Commission received ` 2,000.
(b) Commission accrued ` 360.
(c) Commission received in advance ` 800.
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