Class: XI-COM UJJWAL ACADEMY sub: BK

SET-A

I. DOUBLE ENTRY SYSTEM BOOK

Q.1] Give the accounting equation for the following transactions.
1. Mr. Swaraj commenced business with Bank balance ₹1,10,000.
2. Purchased Furniture on credit from S.M Furniture Mart ₹25,000.
3. Bought goods on credit from Yuvraj ₹15,000.
4. Purchased Machinery ₹10,000.
5. Paid Electricity bill ₹3,500.
6.Goods destroyed by fire ₹1,500.
Q.2] Give the accounting equation for the following transactions-
1) Nima started business with cash ₹60,000
2) Deposited cash into Bank of India ₹2000
3) Additional capital brought by Nima ₹7,000 1
4) Purchased goods from Varma worth ₹10,000
5) Sold goods to Karma ₹7,000
5) Paid Carriage ₹ 5,000
7) Received Interest ₹200.

II. JOURNAL
Q.1. In Journalise the following transactions in the books of Harbhajan & Co. for the month of
1st April 2019.
Balance on 1st April 2019
Cash in hand 35,000, Cash at Bank 25,000, Furniture 1,50,000, Laptop 1,00,000, Debtors: Sangita
40,000, Viru 30,000
Creditors: Ganesh 10,000, Garima 40,000, Bank loan, 50,000 April
1 Purchased goods from Ajay kumar worth 2,50,000 at 10% Trade discount @18% GST and paid
1/4 amount in Cash.
5 Purchased shares of Infosysis Company 50,000 and 500 paid as brokerage by DematA/c.Sold
goods to Raj worth? 90,000 at 10% Trade discount and 1/3 amount received by cash and 5% cash
discount is allowed
12 Paid house rent of proprietor 9,000 and office rent 75,000.
15 Purchased Laptop of 60,000 @ 18% GST and paid amount by cheque.
20 Paid transport charges on the above Laptop & 1,000 @ 18% GST.
25 Paid Commission 20,000 to Ram
26 Paid Telephone Charges 1,000, 28 Transferred from private Bank A/c of proprietor to business
Bank A/c 40,000.
30 Bought goods for 1,50,000 @ 12% as GST by cheque. 30 Exchanged our Furniture of 30,000
against a Motor car of the same value for business.
Q.2] Journalise the following transactions in the books of Reymond for the Month of April
2019
2019 April
1 Purchased goods from Kajal worth 2,00,000 at 5% Trade Discount and @ 18% GST and ½
amount paid by cheque.
4 Purchased Shares of Mahindra Company 60,000 and 1,000 paid as Brokerage.
9 Sold goods to Ravikant worth 60,000 at 10% Trade Discount and @ 18% GST 1/3 amount
received by cash at 5% Cash Discount.
10 Paid College Fees of proprietor's son ₹1,000.
12 Purchased Computer of 50,000 @ 18% GST
15 Paid Transport charges on the above computer of 2,000.
20 Paid for Salary 15,000. 26 Paid for Rent 5,000 and Advertisement 15,000.
27 Sold goods to Salman 20,000 @ 18% GST.
30 Purchased Goods for 1,00,000 @ 12% GST and paid by cheque. 30 Wages Outstanding 20,000.
Q.3] Journalise the following transactions in the books of Dhoni Auto Car Centre
1 Sold 1,000 shares for 100 each and paid brokerage @ 1% and amount credited to our account.
4 Purchased goods from Ashish & Co. of 2,00,000.
6 Sold goods to Virat & Co. 1,50,000.
8 Paid for Advertisement 30,000 to Times of India.
10 Paid for Printing and Stationery * 7,000.
12 Purchased goods from Prakash & Co. 1,50,000 @18% GST.
15 Paid for Transport charges 10,000 @12% GST.
20 Purchased goods from Vikram & Sons 1,20,000 @ 18% GST and paid half the amount
immediately.
25 Paid to Prakash & Co. less 10% discount.
30 Invoiced Goods to Sanjay 60,000.
31 Sanjay returned goods of 10,000.
31 Sanjay became insolvent and recovered only 50 paise in a rupee as final settlement from him.

III. LEDGER
Q.1] Journalise the following transactions in the books of Virat traders, open necessary ledger
accounts, balance the accounts and prepare a Trial Balance as on 31st March 2019
2019 March
1 Virat started business with Cash 50,000, Cash at Bank of India 7,000, Furniture 10,000.
3 Purchased goods from Rohit worth 10,000 less 10% T.D. Sold goods to Sunil 5,000 less 5% T.D.
10 Deposited Cash with Bank Of India ₹ 5,000.
12 Purchased Furniture from Varma on credit worth 20,000.
15 Paid to Varma by net banking 8,000.
17 Paid Printing expenses 200.
20 Received Commission 200.
25 Withdrew Cash from Bank 1,000 by ATM
28 Paid to Varma 11,500 in full settlement of his account.
30 Paid Advertisement bill 500
Q.2] Prepare Cash A/c, Bank A/c, Purchases A/c, Sales A/c and Capital A/c. and balance the
same in the books of Madanlal.
2019 Aug.
1 Started business with bank balance 40,000.
2 Purchased goods from Aseem worth 15,000 less 10% Trade Discount.
3 Sold goods to Arun for 8,000 for cash.
4 Paid Rent 3,000 and Electricity bill 500.
5 Purchased 100 Shares of Perfect Technologies for 55 per share and paid Brokerage 250 by
transfer through netbanking.
6 Withdrawal of goods for personal use 500.
7 Sold goods for cash 5,000 less 10% Cash Discount. Deposited cash into Bank 2,000.
9 Paid 3,000 for daughter's tuition fees by Debit Card.
10 Purchased a Table for 2,000.
19 Received 1,500 by selling the scrap.
27 Paid cash into bank in excess of 2,000

IV. SUBSIDIARY BOOK

Q.1] Enter the following transactions in cash book with cash and bank columns of Mehta
Brothers. 2019 oct
1 Cash in hand 13,000 and Bank balance 24,000
3 Cash sales 80,000 at 10% Traders discount.
5 Cash purchases 60,000 at 10% T.D. and 5% C.D. half the amount was paid in cash and remaining
by cheque.
7 Deposited cash in to bank 40,000
9 Received bearer cheque from Sumit 9,500
13 Sold goods for cash 12,000 at 4% T.D.
15 Paid Life Insurance premium 4,000
18 Cheque received on 9th Oct. 2019 deposited into bank.
22 Received crossed cheque from Prabhakar 6,000
27 Introduced additional capital 25,000 and deposited the same into Bank A/c
28 Paid Electricity bill 3,000 and Telephone bill 4,100
30 Received crossed cheque for dividend 6,250.
Q.2] Record the following transactions in Cash Book of M/s Kamal Traders. Balance for the
month of July 2018: Cash in hand ₹ 2,000 and balance in Bank Current account 8,000. Amt
03 Cash sales 2,300
05 Purchased goods and amount paid by cheque 6,000
08 Cash sales 10,000
12 Paid General expenses 700
15 Sold goods and amount received by Cheque and deposited in to Bank 20,000
18 Purchased Motor Car paid by cheque 15,000
20 Cheque received from Mrunal deposited into Bank 10,000
22 Cash Sales 7,000
25 Mrunal's cheque returned dishonoured
28 Paid Rent 2,000
29 Paid Telephone expenses by cheque 500
31 Cash withdrawn from Bank for personal use 2,000
Prepare two column Cash Book
Q.3] Enter the following transactions in the books of Vijay in Purchase Book, Sales Book,
Purchase Returns Book and Sales Returns Book and Journal Proper for the month of August
2018.
2018 Aug.
01 Purchased goods from Vikas Stores 18,000 at 5% Trade Discount
02 Sold goods of 9,000 to Prabhakar Traders
05 Veena sold goods of 16,000 to us at 5% Trade Discount as per our order dated 28th July, 2018.
08 Sent a Debit Note to Vikas Stores 1,600 (Gross) for goods returned.
10 Sold goods of 12,000 on credit to Shamal & Sons at 6% Trade Discount.
18 Received Credit Note from Veena 900 (Gross) for goods returned.
22 Sent Credit Note to Prabhakar Traders for 1,500 for goods returned. Received credit note from
Shamal & Sons for 1,200 (Net) for goods returned.
23 Purchased goods of 16,600 from Priya Stores and paid for Carriage 150.
25 Purchased goods from Sadhana Stores 12,000 and sold the same to Aradhana Stores at a profit
of 20% on cost.
28 Aradhana Stores returned goods of 2,400 as they were defective and the same were returned to
Sadhana Stores.
31 Purchased Furniture for office use 30,000 from Art Furniture Works on credit.
Q.4] 10. Enter the following transactions in the Subsidiary Books of Navyug Traders:
2018 Mar
01 Sold to Bharat Patil goods 10,000 at 10% Trade discount
04 Purchased from Naresh goods of 7 11,000 less 10% Trade
06 Purchased Furniture from M/s. Sham Furniture Works, of 15,000 for office use
07 Bharat Patil returned 20% of the goods bought by him on 1st March above and we gave him fresh
goods in exchange.
08 Sold to Sundar goods of 7 13,000 less 15% Trade Discount
10 Sold to Sumit Computer for 23,800 with a book value of 24,000.
12 Placed an order with Sajan for goods of 12,000.
17 Purchased from Naresh goods of 14,000 and sold them to Kamesh for ₹ 16,000.
19 Kamesh returned us goods of 1,600 and immediately returned the same to Naresh
23 Sold to Rakesh for 4.500 old Furniture with a book value of 7 4,800
26 Returned to Ms. Shum Furniture Works, office Furniture of 4,500,
28 Sajan executed our order dated 12th March, 2018
.
V. DEPRECIATION
STRAIGHT LINE METHOD

Q.1] Sameer & Company, Mumbai purchased a Machine worth ` 2,00,000 on 1st April 2016. On 1st
July 2017, the company purchased an additional Machine for 40,000. On 31st March 2019, the
company sold the Machine purchased on 1st July 2017 for 35,000. Company writes off depreciation
at the rate of 10% on the original cost and the books of accounts are closed every year on 31st
March.
Show the Machinery Account and Depreciation Account for the first three years ending 31st
March 2016-17, 2017-18 and 2018-19.

Q.2] On 1st Jan 2017 ‘Sai Industries Nagpur, purchased a Machine costing 1,65,000 and spent
15,000 for its installation charges. The estimated life of the Machine is to be 10 years and
the scrap value at the end of its life would be 30,000. On 1st Oct 2018 the entire Machine
was sold for 1,50,000.
Show Machinery Account, Depreciation Account for the years 2016-17, 2017-18 and
2018-19, assuming that the accounts are closed on 31st March every year

WRITTEN DOWN METHOD

Q.1] Mahesh Traders Solapur purchased Furniture on 1st April 2014 for 20,000. In the same year on
1st Oct additional Furniture was purchased for 10,000
On 1st Oct 2015, the Furniture purchased on 1st April 2014 was sold for 15,000 and on the
same day a new Furniture was purchased for 20,000.
The firm charged depreciation at 10 % p.a. on Reducing Balance Method.
Prepare Furniture Account and Depreciation Account for the year ending 31st March
2015, 2016 and 2017.

Q.2] On 1st April 2015 Suman Traders purchased Machinery for 30,000. On 1st Oct 2015 they
purchased further Machinery costing 20,000.
On 1st Oct 2016 they sold the Machine purchased on 1st April 2015 for `18,000 and brought
another Machine for 15,000 on the same date.
Depreciation is provided on Machinery @20% p.a. on the Diminishing Balance Method and
financial year closes on 31st March every year.
Prepare the Machinery Account and Depreciation Account for the year 2015-16, 2016-17
and 2017-18.
VI. SINGLE ENTRY
Q.1] Mr. Raj keeps his book on Single Entry System From the following particulars, prepare Opening
Statement of Affairs and Closing Statement of affairs and Statement of Profit or Loss.
Particulars Amt (₹) Amt (₹)
Sundry Debtors 40,000 30,000
Sundry Creditors --_ 32,000
10 % Govt. Bonds 12,000 40,000
Bank Overdraft 30,000 4,000
Furniture 18,000 15,000
Stock 50,000 60,000
Machinery 20,000 40,000
Cash in hand 12,000 60,000
Bills Payable 50,000 10,000
Bills Receivable 22,500 19,000
Additional Information:
1. Mr. Raj has withdrawn ` 2,000 from the business for his daughter’s marriage
2. He introduced additional capital of ` 6,000 in the business on 1st Oct. 2018
3. Additions to Machinery were made on 1st Oct. 2018.
4. Bad Debts ` 2000 and maintain Reserve for Doubtful Debts @ 5% on debtors
5. Stock was overvalued by 20 %
6. Creditors were undervalued by 20%
7. 10% Govt. Bonds were purchased on 1st Oct. 2018.
8. Charge interest on Drawings at 10% p.a.
9. Allow interest on Capital at 10% p.a.
10. Depreciation on Furniture 10% p.a.
11. Depreciation on Machinery at 10 % p.a.
Q.2] Anjali keeps her books by Single Entry System. Her position on 1.4.2016 was as
follows.
Cash at Bank 4,000, Cash in Hand 1,000, Stock 6,000; Sundry Debtors 8,400, Plant and
Machinery 7,500, Bill Receivable 2,600, Creditors 3500; Bills Payable 4,000
On 31.3.2017 her position was as follows; cash at Bank 3,900, Cash in Hand 2,000. Stock 9000,
Sundry Debtors 7,500; Plant and Machinery 7,500; Bills Payable 2,200, Bills Receivable 3,400;
Creditors1,500
During the year Anjali introduced further Capital of 1,500 and she spent 700 per month for
her personal use.
Depreciation Plant and Machinery by 5% p.a. and create Reserve for Doubtful debts @5%p.a.
on debtor.
Prepare Opening and Closing Statement of Affairs and Statement of Profit or Loss for the year
ended 31.3.2017