ANSWER KEY

2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

_____________________________________________________________________
Section A
Each question carries 8 marks:
1.
Date Particulars Debit (Rs.) Credit (Rs.)
2014
Jan 1 Cash A/c Dr. 50,000
To Jerry’s Capital A/c 50,000
(Being business commenced with cash)

Purchase A/c Dr.

Jan 3 To Donald A/c 20,000
(Being Goods purchased on credit) 20,000

Tom A/c Dr.

Jan 5 To Sales A/c 8,000
(Being Goods sold on credit) 8,000

Purchase A/c Dr.

Jan 8 To Cash A/c 5,000
(Being goods Purchased for cash) 5,000

Sales return A/c Dr.

Jan 15 To Tom’s A/c 4,000
(being Goods returned by Tom) 4,000

Cash A/c Dr.

Jan 24 To Tom A/c 2,000
(Being Cash received from Tom) 2,000

Wages A/c Dr.

Jan 30 To Cash A/c 3,000
(Being Wages paid in cash) 3,000

Drawing A/c Dr.

Jan 31 To Cash A/c 2,500
(Being cash withdrawn for personal use) 2,5000

1
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

2. _____________________________________________________________________
JOURNAL OF MR.S
Date Particulars Debit (Rs.) Credit (Rs.)
2014
May 2 Cash A/c Dr. 1,00,000
To S’s capital A/c 1,00,000
(Beingbusiness commenced withcash)

May 3 Bank A/c Dr. 75,000

To Cash A/c 75,000
(Being bank acc. opened with cash)

May6 Purchase A/c Dr. 20,000

To L’s A/c 20,000
(Being Goods Purchased on credit)

May 10 Electricity Expenses A/c Dr. 5,000

To Bank A/c 5,000
(Being electricity exp paid by cheque)

May 17 Machinery A/c Dr. 10,000

To cash A/c 10,000
(Being Machinery purchased for cash)

May 25 L’s A/c Dr. 5,000

To purchase return A/c 5,000
(Being Goods returned by Mr.L)

May 27 L’s A/c Dr. 15,000

To Cash A/c 14,250
To discount received A/c 750
(Being Cash paid to L in full settlement
and 5% cash discount received)

May 31 Cash A/c Dr. 50,000

To Bank Loan A/c 50,000
(Being Loan taken from bank)

2
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

3. _____________________________________________________________________
In the books of Mr. Rohan

Date Particulars L.F Amount Amount(Cr)

2008 (Dr)
1 Jan Cash A/C 90,000
Dr 90,000
To, Capital
(Being business started with cash)
2 Jan AA/C Dr. 5,000
To, BankA/C 5,000
(Payment made to A by cheque)
4 Jan SonamA/C Dr. 7,000
To, CashA/C 7,000
(Cash paid to Sonam)
5 Jan BankA/C Dr. 8,000
To, Raj 8,000
(Being cheque received
immediately deposited)
6 Jan CashA/C Dr. 12,000
To, Amit
(Being cheque received from 12,000
Amit)
7 Jan Wages A/C Dr. 1,000
To, Cash 1,000
(Being wages paid)
7 Jan Neelam A/c 5,000
Dr. 5,000
To Sales
(Being gods sold to Neelam)
7 Jan Cash A/c 6,000
Dr. 6,000
To Rent
(Being rent received)

3
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

4. _____________________________________________________________________
Journal entries for……

Particulars Debit (Rs.) Credit (Rs.)

i) A A/c Dr. 1,08,000

To Sales A/c 1,08,000
(Being goods sold to A @ 10%
trade discount)

Cash A/c Dr. 48,600

Discount Allowed A/c Dr. 5,400
To A’s A/c 54,000
(Being 50% received from Mr.A
and discount allowed @10%)

ii) Purchase A/c Dr. 18,000

To B’s A/c 18,00
(Being Goods Purchased @
10% trade discount)

B’s A/c Dr. 18,000

To Cash A/c 8,100
To Bank A/c 8,100
To Discount Received A/c 1,800
(Being Amt paid to Mr. B and
received 10% cash discount)

iii) Cash A/c Dr. 9,500

Discount allowed A/c Dr. 500
To S A/c 10,000
(Being Amount received From
Mr.S in full settlement)

iv) Cash A/c Dr. 1,20,000

Bad Debts A/c Dr. 1,80,000
To D’s A/c 3,00,000
(Being Amount received from
Mr. D and bad debts incurred)

4
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

5. _____________________________________________________________________
journal entries in the books of Mr. Deepak:

Date Particulars L.F Amount Amount(

(Dr) Cr)
1 Rakesh A/C Dr 5,000 5,000
To, Cash
(Being advance aid to Rakesh)
2. Cash A/C Dr. 20,000
To, Bad Debt Recovered A/C 20,000
(Bad debt recovered)
3. Loss by theftA/C Dr. 30,000
To, CashA/C 10,000
To, Purchase A/C 20,000
(Being cash an goods stolen)
4. Charity A/C Dr. 27,000
To, Cash 2,000
To, Purchases 15,000
To, Chairs 10,000
(Being Carriage paid)
5. Cash A/C Dr. 43,200
To, Sales 40,000
To, Sales Tax 3,200
(Being goods sold for cash and sales tax collected)
6. Cash A/C Dr. 30000
To Leela 30000
(Being cash received in advance from Leela)
7. Drawings A/c Dr. 1,000
To, Cash 1,000
(Being life insurance premium paid)
8. Cash A/c Dr. 800
To, Commission 400
To, Unearned Commission 400
(Being commission received and half of it being
received in advance)

5
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

6. _____________________________________________________________________
Journal entries in the books of Ms. Deepa:

Date Particulars L.F Amount Amount

(Dr) (Cr)
1 Drawings A/C 2,000
Dr. To, Cash 2,000
(Being income tax paid)
2. Salary A/C Dr. 5,000
Prepaid Salary A/c 5,000 10,000
Dr.
To, Cash A/C
(Being salary paid, half of which is in advance)
3. Purchase A/C Dr. 25,500
To, Mahesh A/C 25,500
(Being goods purchased from Mahesh at a
trade discount of 15%)
(30,000*15/100)= 4,500
(30,000-4,500)= 25,500
Mahesh A/c Dr. 15,300
To Cash 14,535
To Discount A/c 765
(Being 60% payment made to Mahesh at a
cash discount of 5%)

4. Cash A/C Dr. 44,100

Discount A/c Dr. 900
To, Sales 45,000
(Being Carriage paid)
5. Bank A/C Dr. 44,100
To, Cash
(Being Sanjay’s cheque deposited) 44,100
6. Sanjay A/C Dr. 45,000
To, Bank 44,100
To, Discount Allowed 900
(Being Sanjay cheque dishonored)
7. Cash A/c Dr. 18,000
Bad Debt A/c Dr. 27,000
To Sanjay 45,000
(Being Sanjay insolvent and 40 paisa in a rupee
received)

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 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

7. _____________________________________________________________________
Journal Entries……………

Date Particulars L.F Debit Amount Credit Amount

1. Cash A/C……………………………………………….. Dr 400
To, Bad debt recovery A/C 400
( Being bad debts recovered)
2. Purchase 80,000
A/c………………………………………………………Dr. 31,360
To, Bank 640
To, Discount received 48,000
To, Rani
(Being goods purchased from Rani)
3. Bank A/C…………………………………………….Dr. 78,400
Discount Allowed A/C…………………………..Dr. 1600
Preeti A/c………………………………………………..Dr. 80,000
To, Sales 1,60,000
(Being goods sold to preeti)

8. Journalize in the books of Mr. Yash

Date Particulars L.F Debit Amount Credit

Amount
1. Cash A/c ……………………………………………………Dr. 8550
Discount Allowed ………………………………………..Dr. 450
To, Sales (10,000-1000) 9000
(Being goods of list price 10,000 sold at 10% T.D
and 5% Cash Discount)
2. Cash A/c (5000*0.65)…………………………………….Dr 3250
Bad Debts 1750
To, Manu 5000
(Being cash received and bad debt written off)
3. Bad Debt……………………………………………….Dr. 1000
To, Debtors 1000
(Being ,1000 due from Rohit is bad debt now)
4. Drawings ………………………………………………Dr. 2000
To, Purchase 2000
(Being goods worth 2000 used by proprietor)

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 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

9. _____________________________________________________________________
Journalize the following:
Date Particulars L.F Amount (Dr.) Amount(Cr.)
1 Miscellaneous Expenses a/c Dr. 300
To, Cash 300
(Amount paid for newspapers and
magazine)
2. Cash a/c Dr. 50
To, Miscellaneous Income a/c 50
( Amount received from sale of old news
papers)
3. Cash a/c 1000
To, Furniturea/c 1000
(Amount received from sale of old
furnitures)
4. Interest on Loan a/c Dr. 600
To Cash 600
( Payment on interest on loan)
5. Drawings a/c Dr. 800
To, Purchase 800
(Goods costing 800 taken by proprietor
for personal use)
6. Loss by theft a/c Dr. 4800
To, Purchase a/c 4800
( goods costing 4800 stolen)
7. Loss by fire a/c Dr. 16,000
To, Purchase a/c 16,000
8. X Dr. 60,000
To, Sales a/c 60,000
( goods sold on credit to X)
9. Sales Returns a/c Dr. 10,000
To, X 10,000
( goods returned by X)
10. Cash a/c Dr. 45,000
Discount Allowed a/c Dr. 5000
To, X 50,000
( Amount received from X)
11. Salaries a/c 10,000
To, Cash a/c 8000
To, Outstanding salaries 2000
(Recording of salaries paid in cash and
outstanding)

8
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

_____________________________________________________________________
Section B
Each question carries 6 marks:
10. In the Books of Gopal
Date Particulars L.F Amount Amount(Cr)
(Dr)
1 Purchas A/C 40,000
Dr 43,200
To Raghav
(Being goods purchased for 40000.)
2. Cash A/C Dr. 67200
To Sales A/C 67200
(Goods Sold to Dinesh for cash)
3. Carriage outwards A/C Dr. 500
To, Cash 500
(Being Carriage paid)
4. Manoj A/C Dr. 48,400
To, Sales A/C 48000
To, Carriage Outwards 400
(Goods sold to Manoj on credit)
5. Insurance A/C Dr. 4500
Prepaid Insurance A/C Dr. 1500
To, Bank 6000
(Being insurance premium paid From 1st
July to 30th June 2011)
6. Sundry Expenses A/C Dr. 300
To, Cash 300
(Amount spent for refreshments)
Workings:
1. Cost 60,000
Add:- Profit 40% on 60,000 24,000
84,000
Less: Trade discount 20% on 84,000 16,800
67,200

2. Cost 45,000
Add:- Profit 45000*100/3*1/100 15000
60000
Less: Trade discount 20% on 60,000 12000
48000
Add:- Carriage 400
48,400

9
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

_____________________________________________________________________
3. Insurance premium paid from 1.07.10 to 30.06.2011. 6000
Since the account will be closed on 31.03.11insurance premium
for 3 months( April to June) will be prepaid : 6000*3/12 1500
4500
11. Date Particulars LF Debit Rs. Credit Rs.
2019 Purchases A/c Dr. 6,000
2 Jan. To Rohit A/c 6,000
( Being goods purchased from Rohit )
2 Jan. Cash A/c Dr. 3,000
To Sales A/c 3,000
( Being goods sold for cash )
6 Jan. Purchases A/c Dr. 3,000
To Gupta Traders A/c 3,000
(Bring goods sold to Gupta traders )
8 Jan. Rohit A/c Dr. 600
To Purchase Return A/c 600
( Being goods returned to Rohit )
10 Jan. Charity A/c Dr. 900
To Purchases A/c 900
( Being goods given as charity )
16 Jan. Goods lost by fire A/c Dr. 15,000
To Purchases A/c 15,000
( Being goods destroyed by fire )
17 Jan. Insurance Company A/c Dr. 10,000
To Purchases A/c 10,000
( Being goods destroyed by fire )
17 Jan. Bank A/c Dr. 6,0000
Goods destroyed by fire A/c Dr. 4,000
To Insurance Company A/c 10,000
( Being insurance claim admitted)
20 Jan . Advertisement A/c Dr. 1,000
To Purchases A/c 1,000
( Being goods distributed as samples )

10
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

_____________________________________________________________________
Section C
Each question carries 4 mark
12. Date Particulars LF Debit Credit
(Rs.) (Rs.)
1 Machine A/c (new) Dr. 5,00,000
Profit and Loss A/c Dr. 1,45,000
To Machine A/c (old) 2,20,000
To Machine Tools Ltd. 4,25,000
( Being exchange of old machine worth Rs.
2,20,000 valued at Rs. 75,000 for a new
machine of Rs. 5,00,000)
2 Customer A/c Dr. 8,750
To Bank A/c 8,750
(Being the cheque deposited into bank
dishonoured)

3 Rent A/c Dr. 10,000

Drawings A/c Dr. 5,000
To Cash A/c 15,0000
( Being the rent paid to landlord, 1/3
premises occupied by proprietor for personal
use)
4 Charity A/c Dr. 9,150
To Purchases A/c 9,150
( Being the goods costing Rs. 9,150 given as
charity)
13. Date Particulars LF Debit Credit
(Rs.) (Rs.)
1 Drawings A/c Dr. 50,000
To Cash A/c 20,000
To Purchases A/c 30,000
( Being cash and goods withdrawn for
personal use )

2 Loss by fire A/c Dr. 2,00,000

To Purchases A/c 2,00,000
( Being goods destroyed by fire )

Insurance Company A/c Dr. 1,70,000

To loss by fire A/c 1,70,000
( Being insurance claim lodged with the
insurance company )

Bank A/c Dr. 1,70,000

11
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

_____________________________________________________________________
Profit and Loss A/c Dr. 30,000
To Insurance Company A/c 2,00,000
(Being insurance company paying 85% of
the claim amount and balance being
transferred to profit and loss account )
Section D
Each question carries 1 mark :
14. Which of the following accounts will be credited when rent income is received?
a. Cash account
b. Rent received account
c. Sales Account
d. None of the above
15. State whether True or False
Drawings account has a debit balance- True
16. What is the meaning of L.F.?
L.F is the ledger folio number written in journal book where the posting of journal entry will be done
in the ledger.

17. In case furniture is purchased for cash which account should be debited Furniture or cash?
Here purchase should be debited.

18. What should be debited out of cash and bank when cheque is received and not deposited into bank yet?
Cash should be debited.

19. Which account will be credited for giving Cash Donations:-

a. Cash Account
b. Donation Account
c. Purchase account
d. None of the above.
20. Which account should be debited, if wages are paid for installation of machinery?
Machinery A/C.

21. Goods given away as Charity would be credited to :

a. Sales A/C
b. Purchase a/c
c. Charity a/c
22. Gopal is a debtor for 10,000. He became insolvent, and only 60p in a rupee is received from him. The
balance 4000 would be included in :
a. Debit of discount a/c
b. Credit of discount a/c
c. Debit of Bad debt a/c
d. Credit of bad debt a/c

12
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

23._____________________________________________________________________
Paid to Rahul on behalf of Sanjay Rs.12000 will be debited to:
a. Rahul’s personal a/c
b. Sanjay a/c
c. Drawings
d. Cash a/c

24. Goods bought for resale are referred to as sale. State true or false.- False
25. In a business firm, journal is:
a. book of journal entry b. a day book
c. helpful in preparation of subsidiary books d. all of the above

26. Under the process of journalizing, every transaction involves at least:

a. two accounts b. three accounts
c. one account d. five accounts

27. Personal accounts are generally related to :

a. Proprietor, creditors and debtors b. Expenses and losses
c. Income and gains d. Assets and liabilities
28. In which of the following journal entry, all assets are debited and all the liabilities are credited :
a. Opening entry b. Combined entry
c. Transfer entry d. Adjustment entry

29. When goods are sold for cash, which of the following accounts are debited?
a. Sales A/c b. Goods A/c
c. Cash A/c d. Customer’s A/c
30. Which of the following is considered drawings in case of sole proprietorship?
a. Cash withdrawn by the proprietor b. Goods withdrawn by the proprietor
c. Income tax paid d. All of the above
31. Loss of goods by theft should be credited to :
a. Loss A/c b. Purchases A/c
c. Sales A/c d. None of the above
32. The expenses which are yet to be paid at the end of the accounting year due to some reasons are called
:
a. Prepaid expenses b. Personal expenses
c. Outstanding expenses d. Drawings
33. A ledger is called a book of :
a. Final entry b. Secondary entry
c. Primary entry d. None of the above

13
 ANSWER KEY
2020-2021
Class: 11 2018-2019
Worksheet Number: 11/Acc/08/QB01

Subject: Accountancy Chapter: 08-Journals and Ledgers

34._____________________________________________________________________
Which of the following accounts always shows a credit balance?
a. Loan from Bank A/c b. Sales Return A/c
c. Bank A/c d. Business Premises A/c

35. Ledger accounts are prepared on the basis of :

a. Accounts b. Journal
c. Balance sheet d. None of the above

36. Business transactions are recorded :

a. In chronological order b. weekly
c. At the end of the month d. Any of theses
37. The journal entry in which two or more account is debited or credited is referred to as:
a. Journal entry b. Multi entry
c. Additional entry d. Compound entry
38. Of the following types, which would be increased by a debit ?
a. Liabilities and expenses b. Assets and equity
c. Assets and expenses d. Equity and revenue
39. Changes in the capital account of a proprietor may occur due to :
a. Profits earned b. Losses incurred
c. Capital introduced d. Any of the above

40. All of the following are true regarding journal entries except ?
a. Journal entries show the effects of b. Journal entries provide accounts
transactions balances
c. The debited account titles are d. Each journal entry should begin with a
listed first date.

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