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

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प्रश्न

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

एक शब्द/वाक्यांश उत्तर

उत्तर

Anything taken by proprietor from business for his private use. - Drawings

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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 2. 8) | पृष्ठ ८१

संबंधित प्रश्न

Answer in One Sentence:
What is Journal?


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:
A book of prime entry.


Give one word/term or phrase for the following statement:
The process of recording transactions in the Journal.


Give one word/term or phrase for the following statement:
Entry in which more than one accounts are to debited or credited.


State whether the following statement is True or False with reasons.
Journal is a book of prime entry.


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.
Drawings made by the proprietor increases his capital


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


Correct the following statement and rewrite the statement:
Journal is a book of Secondary entry.


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 Ashok General Stores.

2019 May

1 Received ₹ 5,000 from Ram on behalf of Bharat.

4 Purchased Goods for cash ₹ 55,000.

8 Paid for Salary ₹ 8,000.

12 Purchased goods from Ganesh ₹ 30,000 on credit.

17 Sold goods to Mrs. Neha ₹ 60,000 on credit.

20 Purchased Machinery of ₹ 80,000 @ 12% GST and amount paid by cheque.

25 Paid to SG & Sons by cheque ₹ 30,000.

28 Received Commission ₹ 10,000 from Ganesh.

30 Paid Rent ₹ 5000.

31 Purchased Shares of Atul Company Ltd. for ₹ 10,000 through Demat account.


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 Varun

2018 Oct.

1 Purchased Machinery of ₹ 95,000 and paid ₹ 5,000 for freight.

3 Purchased goods for ₹ 1,50,000 and amount paid by Bank.

6 Purchased Laptop from Nagesh & Co. worth ₹ 1,80,000 @ 18% GST.

10 Paid into Bank of Baroda ₹ 70,000.

12 Paid for Rent ₹ 4,000 and Commission ₹ 3,000.

15 Bought goods from Tushar Company Ltd. ₹ 1,20,000 at 12% GST and paid 1/2 amount by RTGS.

16 Cash purchases ₹ 50,000 amount paid by cheque.

20 Invoiced goods to Satish ₹ 80,000 at 12% GST and the amount received by cheque.

25 Paid for Telephone charges ₹ 90,000

27 Mrs. Varsha bought goods from us ₹ 90,000 at a 12% Trade Discount.

28 Purchased goods from Abhijeet & Sons ₹ 1,50,000 at 18% GST.

30 Paid to Abhijeet & Sons and received 10% Cash Discount by cheque.

31 Paid for Advertisement ₹ 8,000 and Brokerage ₹ 12,000.


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
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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