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Answer in One Sentence:What is Journal? - Book Keeping and Accountancy

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Answer in One Sentence:
What is Journal?

एक पंक्ति में उत्तर

उत्तर

A journal is a book prepared to classify or sort out transactions in a form convenient for their subsequent entry in the ledger.
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Journal
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अध्याय 3: Journal - Exercises [पृष्ठ ८१]

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बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
अध्याय 3 Journal
Exercises | Q 1. 1) | पृष्ठ ८१

संबंधित प्रश्न

Answer in One Sentence:
What is Narration?


Answer in One Sentence:
Which account is debited, when rent is paid by debit card?


Answer in One Sentence:
Which discount is not recorded in the books of account?


Answer in One Sentence:
In which order monthly transactions are recorded in a journal?


Answer in One Sentence:
Which account is credited, when goods are sold on credit?


Give one word/term or phrase for the following statement:
Concession given for immediate payment.


Give one word/term or phrase for the following statement:
Anything taken by proprietor from business for his private use.


State whether the following statement is True or False with reasons.
Trade discount is recorded in the books of accounts.


State whether the following statement is True or False with reasons.
GST paid on purchase of goods Input tax A/c should be debited.


Journalise the following transactions in the books of Gajanan

2019 May

3 Purchased goods for ₹ 90,000 and amounts paid by Bank directly.

7 Sold goods to Satish on credit ₹ 30,000.

9 Paid for Postage ₹ 10,000.

12 Paid for Wages ₹ 15,000.

15 Received cheque of ₹ 30,000 from Satish.

21 Received Dividend ₹ 5000.

25 Purchased Laptop of ₹ 40,000 and paid by cheque.

28 Deposited cash ₹ 10,000 into State Bank of India.

31 Purchased goods for ₹ 40,000 and paid by RTGS


Journalise the following transactions in the books of Sanjay General Stores:

2019 June

1 Started business with cash ₹ 50,000, Bank ₹ 1,00,000, Goods worth ₹ 50,000.

5 Purchased goods from Mohan on credit ₹ 80,000 at 10% Trade Discount.

9 Sold goods to Urmila ₹ 30,000 at 5% Trade Discount.

12 Paid into Dena Bank ₹ 40,000.

15 Goods worth ₹ 5000 were distributed as a free samples.

22 Paid for Commission ₹ 5,000 to Anand.

24 Received ₹ 28,000 from Urmila in full settlement of her account by Debit Card.

29 Paid for Advertisement ₹ 9,000.

30 Purchased Laptop for ₹ 20,000 @ 28% GST and amount paid by NEFT.


Journalise the following transactions in the books of Kunal Stores.

2018 August

1 Purchased goods of ₹ 90,000 at 10% Trade Discount and 10% Cash Discount from Rakesh and 1/3rd amount paid by cheque.

5 Opened current account in State Bank of India by depositing ₹ 60,000.

8 Cash purchases ₹ 85,000.

10 Goods sold on credit to Tushar ₹ 20,000 @ 10% Trade Discount.

12 Paid Salary ₹ 4,000.

16 Tushar returned goods of ₹ 250.

17 Goods taken by Kunal for his private use ₹ 2,000.

20 Purchased Laptop of ₹ 40,000 from Joshi Electronics @ 18% GST and paid by cheque.

22 Rent paid by cheque ₹ 15,000.

25 Purchased Motor car worth ₹ 2,00,000 for cash @ 18% GST and paid by Bank.

26 Goods distributed as free sample ₹ 4,000.

28 Purchased goods from Amit of ₹ 60,000 on credit.

30 Paid by ECS cash to Amit ₹ 58,500, who allowed us a discount of ₹ 1,500.

30 Sold goods ₹ 5,000 at a loss of ₹ 1,000

31 Sold goods for ₹ 20,000.


Journalise the following transactions in the books of Nina General Stores.

2018 Sept

1 Sold goods of ₹ 50,000 at 10% Trade Discount and 10% Cash Discount to Raj and received 50% by cheque and 20% by cash.

3 Bought goods worth ₹ 60,000 from Prashant at 7.5% Trade Discount and half amount paid by cash.

5 Returned goods worth ₹ 550 to Prashant.

7 Sold goods worth ₹ 90,000 to Ranvir on credit at 10% Trade Discount.

12 Received Commission ₹ 4,500.

15 Received cheque of ₹ 80,000 from Ranvir in full settlement of his account.

18 Purchased Computer worth ₹ 80,000 from Reliance Company by cheque at 28% GST.

22 Wages paid ₹ 13,000.

23 Paid for Life Insurance premium ₹ 17,000.

27 Sold goods worth ₹ 28,000 to Tushar who paid us ₹ 18,000 immediately


Journalise the following transactions in the books of Dhoni Auto Car Centre:

2018 Nov

1 Sold 1,000 shares for ₹ 100 each and paid brokerage @ 1% and the 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 a final settlement from him.


Journalise the following transactions in the books of Hero Enterprises:

Balance on 1st April 2019

Cash at Bank ₹ 80,000, Sundry Debtors Ram ₹ 20,000, Rahim ₹ 30,000, Stock ₹ 55,000, Building ₹ 1,50,000.

Credit Balances on 1st April 2019
Sundry Creditors Swapna ₹ 20,000, Rohit ₹ 30,000, Bank Loan ₹ 50,000.

2019 April

1 Purchased goods worth ₹ 1,50,000 from Prashant & Co., less 10% Trade Discount.

4 Sold goods to Mr. Amit Sharma ₹ 70,000 at 10% Trade Discount on credit.

9 Purchased goods for cash ₹ 2,00,000 @ 28% GST amount paid by NEFT.

12 Sold Goods to Aditya Ray of ₹ 90,000 @ 28% GST.

15 Paid for Rent ₹ 5000 and Salary ₹ 18,000.

17 Paid for Proprietor’s house Rent ₹ 12,000.

20 Sold half of the goods purchased on 9th April at 20% Profit and 28% GST.

25 Paid for Wages ₹ 1,500.

25 Purchased Furniture ₹ 1,80,000 @ 12% GST and amount paid by RTGS.

28 Sold an old Furniture of ₹ 20,000 for ₹ 12,000.

30 Sold shares of ₹ 10,000 for ₹ 15,000 and the amount received by cheque.


Journalise the following transactions in the books of Anand General Merchants.

2019 April

1 Mr. Anand started the business with cash of ₹ 60,000.

5 Purchased goods for cash ₹ 30,000.

7 Sold goods of ₹ 10,000 to Suresh.

10 Purchased Furniture from Mr. Govind on credit ₹ 30,000.

15 Paid for Rent ₹ 3000 and paid by debit card.

21 Purchased goods from Urmila on credit ₹ 70,000.

27 Paid for Transport ₹ 1,000 to United Transport.

30 Paid to Urmila ₹ 20,000 on behalf of Sharmila.


Journalise the following transactions in the books of Anand General Merchants.

2019 April  
1 Mr. Anand started the business with cash of ₹ 60,000.
5 Purchased goods for cash ₹ 30,000.
7 Sold goods of ₹ 10,000 to Suresh.
10 Purchased Furniture from Mr. Govind on credit ₹ 30,000.
15 Paid for Rent ₹ 3000 and paid by debit card.
21 Purchased goods from Urmila on credit ₹ 70,000.
27 Paid for Transport ₹ 1,000 to United Transport.
30 Paid to Urmila ₹ 20,000 on behalf of Sharmila.

Journalise the following transactions in the books of Anand General Merchants.

2019
April

 
1 Mr Anand started business with cash ₹60,000
5 Purchased goods for cash ₹30,000.
7 Sold goods of ₹10,000 to Suresh.
10 Purchased Furniture from Mr. Govind on credit ₹30,000.
15 Paid for Rent ₹3000 and paid by debit card.
21 Purchased goods from Urmila on credit ₹70,000.
27 Paid for Transport ₹1,000 to United Transport.
30 Paid to Urmila ₹20,000 on behalf of Sharmila.

Journalise the following transactions in the books of Anand General Merchants.

2019 April  
1 Mr. Anand started business with cash ₹ 60,000
5 Purchased goods for cash ₹ 30,000.
7 Sold goods of ₹ 10,000 to Suresh.
10 Purchased Furniture from Mr. Govind on credit ₹ 30,000.
15 Paid for Rent ₹ 3000 and paid by debit card.
21 Purchased goods from Urmila on credit ₹ 70,000
27 Paid for Transport ₹ 1,000 to United Transport.
30 Paid to Urmila ₹ 20,000 on behalf of Sharmila.

Journalise the following transactions in the books of Anand General Merchants.

2019
May
 
1 Mr. Anand started business with cash ₹ 60,000.
5 Purchased goods for cash ₹ 30,000.
7 Sold goods of ₹ 10,000 to Suresh.
10 Purchased Furniture from Mr. Govind on credit ₹ 30,000.
15 Paid for Rent ₹ 3000 and paid by debit card.
21 Purchased goods from Urmila on credit ₹ 70,000.
27 Paid for Transport ₹ 1,000 to United Transport.
30 Paid to Urmila ₹ 20,000 on behalf of Sharmila.

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