Date : 14-07-2024 STD 11 Commerce Account Total Marks : 74

Section D

* Answer The Following Questions With Necessary Calculations. [20]

1. Ajay has commenced his business with the name Avadh enterprise. Write Journal entries
from transaction of July 2014.
2014 - July
1 Introduced capital of ₹ 50,000 and commenced business.
4 Brought goods of ₹ 10,000 , furniture of ₹ 2000 and debtors of ₹ 30,000 in business.
10 Sold bike of ₹ 20,000 for ₹ 15,000 out of which ₹ 10,000 introduced in business.
14 Brought in business personal receivable of ₹ 6000 and payables ₹ 4000 .
16 Paid of income tax ₹ 500.
20 Withdrawn ₹ 1000 from business for personal use.
22 Paid ₹ 200 for life insurance premium from business .
25 Withdrawn goods of ₹ 400 for personal use from business.
31 College tution fees of son ₹ 500 paid from business.

2. Pass journal entries for the following transactions of Gokul Traders.

2014 - April
Brought cash of ₹ 10,000, stock of ₹ 10,000 and Furniture of ₹ 5000 and
1
commenced business.
3 Goods purchased of ₹ 5000 from Mathura traders.
4 Goods sold for cash ₹ 4000 .
5 Goods purchased from Rushikesh of ₹ 8000 and paid an half amount in cash.
7 Goods of ₹ 1600 returned to Mathura Traders.
9 Goods of ₹ 600 given for Prime Minister relief fund.
10 Electronic weight machine purchased for ₹ 450 .
100 shares of Shri Barsa Ltd. purchased at ₹ 30 and 2 % brokerage is paid. Both the
15
payment paid by cheque.
18 Goods of ₹ 4000 sold to Kedarnath.
20 Goods of ₹ 1500 destroyed by fire.
22 Half the goods returned back from Kedarnath.
25 Goods of ₹ 500 withdrawn for personal use.
28 furniture of ₹ 3000 purchased from Bansidhar Furniture Mart.
After adding 20 %, goods of ₹ 1000 sold to Chandni. Carriages of ₹ 50 paid on her
30
behalf.

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3. Write Journal entries for the following transactions in the books of Murlidher.
2014 - May
1 Goods of ₹ 1000 is withdrawn from business for personal use.
3 Goods of ₹ 700 destroyed by fire. It was not insured.
5 Goods of ₹ 500 is stolen from business.
8 Goods stolen received back of ₹ 100 on police investigation.
12 Goods of ₹ 2500 is destroyed by fire. Insurance company has admitted claim for it.
Goods of ₹ 4000 is destroyed due to sinking of steamer. For which insurance
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company has admitted claim of 50 % amount.
16 Goods of ₹ 500 given as donation
20 Goods of ₹ 200 distributed as free sample for advertisement purpose.
22 Goods of ₹ 400 received as a free sample from manufacturer.
25 Goods received on 22 , sold and realize ₹ 300.
Goods of ₹ 1500 is destroyed by fire. Insurance company has admitted claim of ₹
28
900. ₹ 200 realize from scrap of this goods.
30 Goods of ₹ 600 destroyed in rain, which is sold for ₹ 200 .
4. Write journal entries for the following in the books of Pranam :
2015
January 1 A loan of ₹15,000 at 14 % is borrowed from Pawan for business.
March 1 A loan of ₹ 18,000 at 18 % is given (lent) to Pushkar.
June 30 Paid interest of six month on loan borrowed from Pawan.
August 31 From Pushkar, interest on loan is received for six months.
5.
Avinash of Ahmedabad has purchased goods of ₹ 2,00,000 from Rajesh of Rajkot
and payment is made by cheque. The entire goods he has sold to Bhavesh of
Bhavnagar for ₹ 2,40,000 and payment received through cheque.
12 % GST rate is applicable to these transactions, where CGST is 6% and SGST is
6%.
Pass journal entries till the accounting settlement of GST in the book of Avinash.

Section E

* Answer The Following Questions In Detail. [30]

6. From the following transactions write journal in the books of Pranjal:
(1) Introduced ₹ 10,000 cash and commenced business.
(2) Goods of ₹ 5,000 purchased on cash.
(3) Goods of ₹ 8,000 purchased on credit from Rajan.
(4) Goods of ₹ 2,000 given for donation.
(5) Given order to Shivani to dispatch goods of ₹ 3,000.
(6) Shivani has dispatched the goods as per order.
(7) Paid ₹ 2,500 for life insurance premium.
7.

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 Transactions for capital and drawings.
Write journal entries for the following transaction in the books of Shubham:
2014
Jan.
1 Introduced goods of ₹ 10,000, cash ₹ 15,000, furniture ₹ 5,000, debtors of ₹ 10,000
and commenced business.
12 Personal motor car sold for ₹ 80,000 and introduced ₹ 50,000 in business.
13 ₹ 1,000 withdrawn from bank for personal use.
15 Income tax refund of ₹ 500 of owner of sole proprietor deposited with bank
account of business.
20 From business goods of ₹ 1,000 and cash ₹ 400 are withdrawn for personal use.
21 Travelling expense of daughter ₹ 1,500 paid from business.
28 Furniture of ₹ 2,000, purchased from Ganga Furniture Mart for house.
31 Life insurance premium of ₹ 500 paid by cheque.

8. Transaction for loan and interest.

Write following transaction in the journal of Pushkar:
2014
Feb.
1 Due to additional requirement of Funds, 12% loan of ₹ 20,000 borrowed from
Ram.
3 ₹ 8,000 lent to Laxman at interest rate of 8%.
8 Received cash ₹ 800 for loan lent to Bharat and ₹ 200 for interest.
10 ₹ 5,000 returned back to Seeta for borrowed loan and paid interest ₹ 400.
12 Received interest ₹ 200, for loan lent to Kaushal.
15 Interest for one month paid for loan obtained from Ram.
18 ₹ 75 became receivable for interest on loan of Laxman.

9. Record the following transactions in the journal of Arun Parekh:

2014 - August
1 For business books of accounts purchased ₹ 650 .
2 Wages of ₹ 200 and carriage of ₹ 100 paid in cash.
8 Commission received ₹ 800 .
10 Paid ₹ 2500 for painting work of shop.
20 Light Bill of ₹ 1800 paid by cheque.
25 ₹ 1200 paid for refreshment at inaugural function of shop.
30 A cheque of ₹ 900 received for brokerage.
31 A currency note of ₹ 50 eaten by goat
10. From the following services related transactions pass necessary journal entries in the
books of Shreyas Trading of Ahmedabad.
Applicable GST to Shreyas Trading are CGST at 2.5 %, SGST at 2.5 % and IGST at 5 %. GST is
not included for the following transactions, Add applicable GST and pass necessary journal
entries.
2019 - Jan.
1 Transportation expenses paid by cheque ₹ 1800.
4 Courier expense paid by cheque ₹ 3000.

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 8 Insurance premium paid by chqeue ₹ 4000.
10 Advertisment expenses paid by chqeue ₹ 6000 .
18 Rent received by cheque ₹ 5000 .
Carriage inward paid by cheque ₹ 8000 to the transport company having
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registered office in Mumbai (Maharastra).

* Answer The Following Questions In Detail. [24]

11. A learner student has written following journal entry. Journal entry which are incorrect,
correct them and rewrite:
Date Particular L.F Debit(₹) Credit(₹)
2014 Insurance premium A/C Dr 700
August 1 To Cash A/C 700
(Being ₹ 700 paid for life insurance
premium.)
5 Cash A/C Dr 300
To jay A/C 200
100
To Ajay A/C
(Being received ₹ 200 of brokerage jay
and ₹ 100 of commission from Ajay.)
7 Purchase A/C Dr 4500
To Vivek A/C 4500
(Being goods of ₹ 5000 purchased
from Vivek on cash at 10% cash
discount.)
10 Bank A/C Dr 7000
To cash A/C 7000
(Being bank has approved over draft
of ₹ 7000.)
11 Vivek A/C Dr 1000
To Purchase retunes A/C 1000
(Being 20% goods retuned to Vivek
and cash received from Vivek.)
12 Cash A/C Dr 500
To Debtors A/C 500
(Being ₹ 500 received from debtor
which was written off in past)
13 Repairing expenses A/C Dr 1500
To Cash A/C 1500
[Being paid cash ₹ 500 for shop
repairing and ₹ 1000 for house
repairing]

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 15 Wages A/C Dr 800
To Cash A/C 800
(Being paid cash ₹ 800 machine
installation.)
Total 16,300 16,300

12. From the following transactions write journal entries in the books of Kiyansh Patel of
Kesod:
The following GST rates are applicable to business transactions of Shri Kiyansh. GST is not
included in these transactions. Add applicable amount of GST and write journal entries:

particular of GST on goods on services

CGST 9% 2.5%
SGST 9% 2.5%
IGST 18% 5.0%

2019 - May
(1) Goods of ₹ 40,000 purchased at 10 % trade discount and 10 % cash discount from Savan
Patel of Surat.
(3) Goods of ₹ 30,000 purchased at 10 % trade discount from Ayush Shah of Ainravati
(Maharashtra). The payment is made by cheque.
(5) Goods of ₹ 50,000 sold at 10 % trade discount to Ansh Avasthi of Ahmedabad. Half
amount received through cheque.
(8) Goods of ₹ 20,000 sold at 10 % trade discount and at 5 % cash discount to Neel Mehta
of Nagpur (Maharashtra).
(11) 1
goods returned to Savan Patel of Surat. The proportionate amount of GST is
4

adjusted.
goods received book from Neel Mehta of Nagpur the proportionate amount of GST
1
(16) 5

is adjusted.
(24) A computer of ₹ 40,000 for office from Shubh Infotech. The payment is made by
cheque.
(30) Office rent of ₹ 10,000 paid by cheque.
(31) Godown rent of ₹ 20,000 received by cheque.
(31) ₹ 25,000 received for commission by cheque from trader of Bhopal (Madhya Pradesh)
13. From the following transaction write journal entries in the books of Shri Dineshbhai of
Dahod:
The following GST rates are applicable to business transactions of Shri Dineshbhai. GST is
not included for foliwing transactions. Add applicable amount of GST and write journal
entries.
particular of GST on goods on services
CGST 6% 2.5%
SGST 6% 2.5%
IGST 12% 5.0%

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2019 - April
(1) Goods of ₹ 50,000 purchased at 10 % trade discount from Sureshbhai of
Surendranagar. The payment is made by cheque.
(4) Goods of ₹ 40,000 purchased at 10 % cash discount from Vishnubhai of Varansi (UP).
(7) Goods of ₹ 60,000 sold at 10 % trade discount to Himanshubhai Himatnagar.
(11) Goods of ₹ 50,000 sold at 10 % trade discount to Shashikant of Simla (H.P.) and
payment received through cheque.
(15) 1
goods returned to Vishnubhai and proportionate GST is adjusted.
4

goods returned by Himanshubhai and proportionate GST is adjusted.

1
(18) 3

(25) A cupboard of ₹ 20,000 purchased from Sahajanand Furniture Mart of Ahmedabad.

(28) Shop rent paid ₹ 8,000.
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