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![Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 3 - Journal - Shaalaa.com](/images/book-keeping-and-accountancy-english-11-standard-maharashtra-state-board_6:9ad9c66a6e5443ee9ef12394d6386df5.jpg "Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 3 - Journal")
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Solutions for Chapter 3: Journal
Below listed, you can find solutions for Chapter 3 of Maharashtra State Board Balbharati for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board.
Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board 3 Journal Exercises [Pages 81 - 84]
Answer in One Sentence:
What is Journal?
Answer in One Sentence:
What is Narration?
Answer in One Sentence:
What is GST?
Answer in One Sentence:
In which year GST was imposed by the Central Government of India?
Answer in One Sentence:
What is meant by simple entry ?
Answer in One Sentence:
What is the meaning of Combined Entry?
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:
A book of prime entry.
Give one word/term or phrase for the following statement:
The tax imposed by Central Government on Goods and Services
Give one word/term or phrase for the following statement:
Brief explanation of an 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:
The French word from which the word Journal is derived.
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:
Entry in which more than one accounts are to debited or credited.
Give one word/term or phrase for the following statement:
Anything taken by proprietor from business for his private use.
Give one word/term or phrase for the following statement:
Tax payable to the Government on purchase of goods.
Give one word/term or phrase for the following statement:
Page number of the ledger.
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
_________ means explanation of the transactions recorded in the Journal.
Narration
Journalising
posting
Casting
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
_________ discount is not recorded in the books of accounts.
Trade
Cash
GST
VAT
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Recording of transaction in Journal is called ______.
posting
journalising
narration
prime entry
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Every Journal entry require ______.
casting
posting
narration
journalising
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
The ______ column of the Journal is not recorded at the time of journalising
date
particulars
ledger folio
amount
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Goods sold on credit should be debited to _________.
purchase A/c
customer A/c
sales A/c
cash A/c
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Wages paid for installation of Machinery should be debited to _________
wages A/c
machinery A/c
cash A/c
Installation A/c
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
The commission paid to the agent should be debited to _________
drawing A/c
cash A/c
commission A/c
Agent A/c
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Loan taken from Dena Bank should be credited to ________
Capital A/c
Dena Bank A/c
Cash A/c
Dena Bank Loan A/c
Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Purchase of animals for cash should be debited to ________
Live stock A/c
Goods A/c
Cash A/c
Bank A/c
State whether the following statement is True or False with reasons.
Narration is not required for each and every entry.
True
False
State whether the following statement is True or False with reasons.
A journal voucher is must for all transactions recorded in the journal.
True
False
State whether the following statement is True or False with reasons.
Cash discount allowed should be debited to discount A/c.
True
False
State whether the following statement is True or False with reasons.
Journal is a book of prime entry.
True
False
State whether the following statement is True or False with reasons.
Trade discount is recorded in the books of accounts.
True
False
State whether the following statement is True or False with reasons.
Goods lost by theft is debited to goods A/c.
True
False
State whether the following statement is True or False with reasons.
If rent is paid to landlord, landlord's A/c should be debited.
True
False
State whether the following statement is True or False with reasons.
Book Keeping records monetary and non-monetory transactions
True
False
State whether the following statement is True or False with reasons.
Drawings made by the proprietor increases his capital
True
False
State whether the following statement is True or False with reasons.
GST paid on purchase of goods Input tax A/c should be debited.
True
False
Fill in the blank:
The first book of original entry is the _________
Fill in the blank:
The process of recording transaction into journal is called _________
Fill in the blank:
An explanation of the transaction recorded in the journal _________
Fill in the blank:
___________ discount is not recorded in the books of accounts.
Fill in the blank:
___________ is concession allowed for bulk purchase of goods or for immediate payment.
Fill in the blank:
Every Journal Entry requires ________.
Fill in the blank:
___________ discount is always recorded in the books of accounts.
Fill in the blank:
___________ is the document on the basis of which the entry is recorded in journal.
There are _______ parties to a cheque.
Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.
Prepare specimen of Tax Invoice.
Prepare specimen of Receipt
Prepare specimen of Crossed cheque
Prepare specimen of Cash voucher.
Correct the following statement and rewrite the statement:
All business transactions are recorded in the Journal.
Correct the following statement and rewrite the statement:
Cash discount is not recorded in the books of accounts
Correct the following statement and rewrite the statement:
Journal is a book of Secondary entry.
Correct the following statement and rewrite the statement:
GST is imposed by the Government of India from 1st July 2018.
Correct the following statement and rewrite the statement:
Machinery purchased by the Proprietor decreases his capital
Do you agree or disagree with following statement:
Narration is required for every entry.
Agree
Disagree
Do you agree or disagree with following statement:
GST stands for Goods and Sales Tax.
Agree
Disagree
Do you agree or disagree with following statement:
Trade discount is not recorded in the books of accounts.
Agree
Disagree
Do you agree or disagree with following statement:
Wages paid for installation of Machinery is debited to Wages Account.
Agree
Disagree
Do you agree or disagree with following statement:
The process of entering or recording the transactions in a Journal is called as Journalising.
Agree
Disagree
Calculate the following :
Purchased Motor Car from Tata & Company worth ₹ 2,00,000 at 18% GST. Find out GST amount.
Calculate the following :
Paid Transport charges ₹ 10,000 @ 5% GST. Calculate CGST & SGST.
Calculate the following :
Bought goods from Ranjan ₹ 10,000 @ 5% GST and 10% cash discount. Calculate cash discount.
Calculate the following :
Received cheque of ₹ 90,000 from Kiran in full settlement of his account ₹ 1,00,000/-. Calculate discount rate.
Calculate the following :
Sold goods of ₹ 1,00,000 at 10%. Trade Discount and 10% cash discount to Ram and received 50% amount by cheque. Calculate the amount of cheque received.
Complete the following table:
| Sr. No. | Transactions | Debit Amount (₹) | Credit Amount (₹) |
|
1 |
Paid Income Tax ₹ 5,000 by cheque | ? | Bank A/c |
| 2 | Received from Sonali ₹ 20,000 by RTGS | Bank A/c | ? |
| 3 | Sanjay became insolvent and not received ₹ 500 | ? | Sanjay A/c |
| 4 | Purchased Horse for ₹ 10,000 |
? |
Cash A/c |
| 5 | Transferred from Fixed deposit A/c of proprietor to business Bank A/c ₹ 50,000 | Bank A/c | ? |
Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board 3 Journal Practical Problems [Pages 84 - 88]
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 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 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 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 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 Harbhajan & Co. for the month of 1st April 2019:
Balance on 1st April 2019
Cash in hand ₹ 35,000, Cash at Bank ₹ 25,000, Furniture ₹ 1,50,000, Laptop ₹ 1,00,000
Debtors: Sangita ₹ 40,000, Viru ₹ 30,000
Creditors: Ganesh ₹ 10,000, Garima ₹ 40,000, Bank loan ₹ 50,000.
2019 April
1 Purchased goods from Ajay Kumar worth ₹ 2,50,000 at 10% Trade discount @ 18% GST and paid 1/4 amount in Cash.
5 Purchased shares of Infosys Company ₹ 50,000 and ₹ 500 paid as a brokerage for Demat A/c.
8 Sold goods to Raj worth ₹ 90,000 at 10% Trade discount and 1/3 amount received by cash and 5% cash discount is allowed.
12 Paid house rent of proprietor ₹ 9,000 and office rent ₹ 5,000.
15 Purchased Laptop of ₹ 60,000 @ 18% GST and paid amount by cheque.
20 Paid transport charges on the above Laptop ₹ 1,000 @ 18% GST.
25 Paid Commission ₹ 20,000 to Ram.
26 Paid Telephone Charges ₹ 1,000.
28 Transferred from private Bank A/c of proprietor to business Bank A/c ₹ 40,000.
30 Bought goods for ₹ 1,50,000 @ 12% as GST by cheque.
30 Exchanged our Furniture of ₹ 30,000 against a Motor car of the same value for business.
Solutions for 3: Journal
Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 3 - Journal
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Concepts covered in Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 3 Journal are Accounting Documents, Journal, Specimen Or Format of Journal, Goods and Service Tax (GST), Recording of Journal Entries.
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