FAHAHEEL AL WATANIEH INDIAN PRIVATE SCHOOL

ACCOUNTANCY ASSIGNMENT Journal CLASS 11

1. Journalise the following transactions in the books of Himanshu: 2017 `

Dec.01 Business started with cash Rs75,000
Dec.07 Purchased goods for cash Rs10,000
Dec.09 Sold goods to Swati Rs5,000
Dec.12 Purchased furniture Rs 3,000
Dec.18 Cash received from Swati in full settlement Rs4,000
Dec.25 Paid rent Rs1,000
Dec.30 Paid salary Rs1,500
2. Enter the following Transactions in the Journal of Mudit
2017 Jan 1 Commenced business with cashRs 1,75,000, Building Rs 1,00,000
Jan.02 Goods purchased for cash Rs75,000
Jan.03 Sold goods to Ramesh Rs30,000
Jan.04 Paid wages Rs500
Jan.06 Sold goods for cash Rs10,000
Jan.10 Paid for trade expenses Rs700
Jan.12 Cash received from Ramesh Rs 29,500 Discount allowed Rs500
Jan.14 Goods purchased for Sudhir Rs 27,000
Jan.18 Cartage paid Rs1,000
Jan.20 Drew cash for personal use Rs5,000
Jan.22 Goods use for house hold Rs2,000
Jan.25 Cash paid to Sudhir Rs 26,700 Discount allowed 300

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 3. Journalise the following transactions:
2017
` Dec. 01 Hema started business with cash Rs 1,00,000
Dec. 02 Open a bank account with SBI Rs30,000
Dec. 04 Purchased goods from Ashu Rs20,000
Dec.06 Sold goods to Rahul for cash Rs15,000
Dec.10 Bought goods from Tara for cash Rs 40,000
Dec.13 Sold goods to Suman Rs20,000
Dec.16 Received cheque from Suman Rs19,500 Discount allowed Rs500
Dec.20 Cheque given to Ashu on account Rs10,000
Dec.22 Rent paid by cheque Rs2,000
Dec.23 Deposited into bank Rs16,000
Dec.25 Machine purchased from Parigya Rs 10,000
Dec.26 Trade expenses Rs2,000
Dec.28 Cheque issued to Parigya Rs10,000
Dec.29 Paid telephone expenses by cheque Rs1,200
Dec.31 Paid salary Rs 4,500

4. Jouranlise the following transactions in the books of Harpreet Bros.:

(a) Rs1,000 due from Rohit are now bad debts.
(b) Goods worth Rs2,000 were used by the proprietor.
(c) Charge depreciation @ 10% p.a for two month on machine costing Rs30,000.
(d) Provide interest on capital of Rs 1,50,000 at 6% p.a. for 9 months.
(e) Rahul become insolvent, who owed is Rs 2,000 a final dividend of 60 paise in a rupee is
received from his estate.

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 5. Prepare Journal from the transactions given below :
a) Cash paid for installation of machine Rs 500

b) Goods given as charity Rs2000

(c) Received Rs1,200 of a bad debts written-off last year.

d) Goods destroyed by fire `Rs2,000

(e) Rent outstanding Rs1,000

(f) Sudhir Kumar who owed me Rs3,000 has failed to pay the amount. He pays me a
compensation of 45 paise in a rupee.

g) Commission received in advance Rs 7,000

Journal with Gst

6. Record the following transactions in the Journal of Ashoka Furniture Traders, Ludhiana
(Punjab):
2019 ₹
Jan. 1  Started business with cash 50,000
Jan. 2  Opened a Current Account by personal cheque 3,50,000
Jan. 10  Purchased machinery against cheque 1,00,000
Jan. 15  Paid wages for installation of machinery 2,000
 Purchased timber from Singh & Co., Ludhiana (Punjab) of the list price
Jan. 20
of ₹ 20,000 at 10% trade discount
Jan. 25  Out of the above, timber used for furnishing the office 5,000
Jan. 31  Sold timber to Rakesh of the list price of ₹ 10,000 and allowed him 10%
trade discount
Feb. 10  Issued to Singh & Co. a cheque in full settlement 20,000
Feb. 15  Received from Rakesh in full and final settlement 10,000
Feb. 20  Paid Wages 15,000
 Issued a cheque for ₹ 5,000 in favour of the landlord for rent of
Feb. 28
February
CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @
12% on inter-state sale and purchase.

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 7. Journalise the following in the books of Amit Saini, Gurugram (Haryana):
(i) Goods of ₹ 5,000 were taken by him for personal use.
(ii) ₹ 2,000 due from Sohan were bad debts.
(iii) Goods of ₹ 6,000 were destroyed by fire and were not insured.
(iv) Paid ₹ 4,000 in cash as wages on installation of machine. (GST is not to be levied).
(v) Sold goods to Arjun of Delhi of list price ₹ 20,000. Trade discount @ 10% and cash
discount of 5% was allowed. He paid the amount on the same day and availed the cash
discount.
(vi) Received ₹ 2,000 from Ramesh, whose account was written off as bad debts.
(vii) Goods costing ₹ 1,000 given as charity.
(viii) Received ₹ 9,750 from Ramesh in full settlement of his account of ₹ 10,000.
(ix) Paid rent in advance ₹ 4,000.
CGST and SGST is to be levied on intra-state sale @ 6% each and IGST @ 12% on
inter-state sale.

8. Enter the following transactions in the Journal of Suresh, Delhi who trades in ready-made
garments:
 
2019 ₹
April  Suresh paid into bank as Capital* 60,000
1
April
 He bought goods and paid by cheque 24,000
2
April
 Sold goods to Mukand & Co., Delhi 6,700
3
April
 Sold goods for cash 10,900
4
April
 Paid sundry expenses in cash* 3,000
5
April
 Paid for office furniture and fittings by cheque 4,000
8
April
 Bought goods from Ramesh & Bros., Faridabad (Haryana) 10,600
9
April
 Returned goods to Ramesh & Bros. 1,500
11
April
 Issued cheque to Ramesh & Bros. in full settlement* 9,500
12
April
 Bank charged interest* 200
30
April
 Borrowed from Ridhi @ 10% per annum interest* 50,000
30
April
 Received from Mahendra on account* 6,000
30
April
 Sold household furniture and paid the amount into business* 2,000
30
April  Sold goods costing ₹ 5,000 to Anita for cash at a profit of 20% on

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 30 cost, less 20% trade discount
April  Sold goods costing ₹ 20,000 to Sunil at a profit of 20% on sale less 20%
30 Trade Discount and paid cartage ₹ 150 (to be charged from customer).

CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @ 12%
on inter-state sale and purchase. Out of the above, transactions marked with (*) are not subject to
levy of GST.

9. On 1st April, 2019, the position of Rahman was as follows: Cash-in Hand ₹ 11,200; Cash
at bank ₹ 2,57,600; Bills Receivable ₹ 68,800; Jai Ram (Dr.) ₹ 16,000; Ram Kumar
(Dr.) ₹ 48,080; Office Furniture ₹ 52,800; Stock-in-Trade ₹ 4,16,000; Doulat Ram (Cr.)
₹ 1,74,720, Hari Ram (Cr.) ₹ 2,16,960; Bills Payable ₹ 80,000. What was the amount of
capital of Rahman on that date? Pass the Journal entry to Open his books.

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