Advertisements
Chapters
![Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 5 - Subsidiary Books - 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 5 - Subsidiary Books")
Advertisements
Solutions for Chapter 5: Subsidiary Books
Below listed, you can find solutions for Chapter 5 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 5 Subsidiary Books Exercises [Pages 168 - 171]
Answer the following question in one sentence:
What is Subsidiary Books?
Answer the following question in one sentence:
What is a Cash Book?
Answer the following question in one sentence:
State the meaning of 'Contra entry'.
Answer the following question in one sentence:
State the meaning of Imprest System of Petty Cash Book.
Answer the following question in one sentence:
Which transactions are recorded in Purchase Book?
Answer the following question in one sentence:
Which sales are recorded in Sales Book?
Answer the following question in one sentence:
Which transactions are recorded in the Journal Proper?
Answer the following question in one sentence:
Who is a Petty Cashier?
Give word/term or phrase for the following statement:
Person who maintains Petty Cash Book.
Give word/term or phrase for the following statement:
A bank account which the businessman prefer to open.
Give word/term or phrase for the following statement:
Petty Cash Book in which the payment side is ruled in suitable columns.
Give word/term or phrase for the following statement:
Subsidiary book in which only credit purchases of goods is recorded.
Give word/term or phrase for the following statement:
Subsidiary book in which return of goods sold on credit is recorded.
Give word/term or phrase for the following statement:
The entry which is recorded on both sides of cash book.
Give word/term or phrase for the following statement:
Name the account which encourages personal savings.
Give word/term or phrase for the following statement:
A note issued by buyer to seller giving full details of goods returned.
Give word/term or phrase for the following statement:
Note issued by seller on receipt of defective goods from customer.
Give word/term or phrase for the following statement:
Name the bank account on which overdraft facility is given to Account holder.
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Cash column of Cash Book can never have ______ balance.
credit
debit
zero
none of the above
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Any entry recorded on both sides of Cash Book is known as ______ entry
opening
rectifying
transfer
contra
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The source document for recording in Sales book is ______
Inward Invoice
Outward Invoice
Voucher
Cash Memo
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Credit purchase of Machinery is recorded in the ______
Purchase Book
Cash Book
Journal Proper
Returns Outward Book
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Sub-division of the journal is known as ______ book.
Subsidiary
Purchase Return
Purchase
Journal Proper
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Additional cash introduced in business is recorded in ______
Purchase Book
Cash Book
Journal Proper
Returns Inwards Book
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Entry for bad debts is recorded in the ______
Sales Book
Purchase Book
Cash Book
Journal Proper
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
Direct deposit made by customer into our bank is recorded in the ______ side of the Cash Book.
payments
credit
receipts
both
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The person who draws the cheque and signs on it is the ______.
drawer
drawee
payee
all of the above
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
A fixed amount is deposited for a fixed period in ______ deposit account.
Current
Savings
Fixed
Recurring
State whether the following statement is True or False with reasons:
Journal is a book of secondary entry.
True
False
State whether the following statement is True or False with reasons:
Assets sold on credit are entered in Sales Journal.
True
False
State whether the following statement is True or False with reasons:
Cash and credit purchases are entered in Purchase Book.
True
False
State whether the following statement is True or False with reasons:
Cash sales are entered in Sales Journal
True
False
State whether the following statement is True or False with reasons:
Cash Book records transactions relating to receipts and payments of cash.
True
False
Do you agree with the following statement:
Trade discount is recorded in Cash Book.
Agree
Disagree
Do you agree with the following statement:
Petty Cash Book is a book having a record of big payments.
Agree
Disagree
Do you agree with the following statement:
Cash received is entered on the debit side of Cash Book.
Agree
Disagree
Do you agree with the following statement:
Transactions recorded on both debit and credit side of Cash Book is known as Contra Entry.
Agree
Disagree
Do you agree with the following statement:
Credit purchase of machinery is entered in Purchase Journal.
Agree
Disagree
Complete the following sentence:
Cash Book is a ______ Journal.
Complete the following sentence:
In Journal Proper, only ______ discount is recorded.
Complete the following sentence:
Return of goods purchased on credit to the suppliers will be entered in ______ Journal.
Complete the following sentence:
Assets sold on credit are entered in ______
Complete the following sentence:
Double column Cash Book records transactions relating to cash and ______
Complete the following sentence:
Credit purchases of goods are recorded in ______
Complete the following sentence:
Cash Book does not record the ______ Transactions.
Complete the following sentence:
Credit balance shown by a bank column in Cash Book is ______
Complete the following sentence:
Petty Cash Book is used for recording ______ expenses.
Complete the following sentence:
In Purchase Book goods purchased on ______ are recorded.
Correct the following sentence and rewrite the same:
Cash purchases of goods are recorded in Purchase book.
Correct the following sentences and rewrite the same:
Cash Book records cash trnasactions as well as credit transactions.
Correct the following sentences and rewrite the same:
Small and large business records all transaction in subsidiary books.
Correct the following sentences and rewrite the same:
The person who maintain Petty Cash Book is called Chief Cashier.
Calculate the following:
Cash purchases for ₹ 1,60,000 at 10% T.D. and 5% C.D. What is the amount of Net purchases?
Calculate the following.
Purchased goods from Harish for ₹ 12,000 @ 7% T.D. What is the amount of Trade discount?
Calculate the following:
Sold 50 Shirts at ₹ 300 per shirt and 40 Trousers at ₹ 600 each. What is the amount of sales?
Calculate the following.
Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount?
Complete the following Table:
| Cash Purchases | Credit purchases | Purchase Return | Net Purchases | |||
| 35,000 | + | 55,000 | - | ? | = | 88,000 |
Complete the following Table.
| Cash Sales | Credit Sales | Sales Return | Total Sales | |||
| ? | + | 60,000 | - | 3,000 | = | 1,02,000 |
Complete the following Table:
| Cash Sales | Credit Sales | Trade discount | Total Sales | |||
| 90,000 | + | 1,10,000 | - | 16,000 | = | ? |
Complete the following Table:
| Cash Purchases | Credit purchases | Trade discount | Net Purchases | |||
| 70,000 | + | ? | - | 18,000 | = | 1,62,000 |
Complete the following Table:
| Opening cash Balance | Cash Receipts | Cash Payments | Total cash | |||
| ? | + | 60,000 | - | 45,000 | = | 23,000 |
Complete the following Table:
| Cash Sales | Credit Sales | Total Sales | Total Debtors | |||
| 1,20,000 | + | 1,40,000 | = | 2,60,000 | − | ? |
Complete the following Table.
| Cash Purchases | Credit purchases | Total Purchases | Total Creditors | |||
| 80,000 | + | ? | - | 1,90,000 | = | 1,10,000 |
Complete the following Table.
| Opening Petty Cash Balance | Petty Cash Received | Petty Expenses Paid | Closing Petty Cash Balance | |||
| 250 | + | 1,750 | - | ? | = | 420 |
Complete the following Table.
| Opening Petty Cash | Petty Cash Received | Petty Expenses Paid | Closing Petty Cash Balance | |||
| 400 | + | ? | - | 1,800 | = | 250 |
Complete the following Table
| Opening Petty Cash Balance | Petty Cash Received | Petty Expenses Paid | Closing Petty Cash Balance | |||
| ? | + | 1,800 | - | 2,250 | = | 150 |
Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board 5 Subsidiary Books Practical Problems [Pages 172 - 176]
Prepare a two-column Cash Book with the help of the following information for January 2018.
| January 2018 | Amt (₹) | |
| 01 | Started business with cash | 1,20,000 |
| 03 | Cash paid into Bank of Baroda | 50,000 |
| 05 | Purchased goods from Sakshi on credit | 20,000 |
| 06 | Sold goods to Divakar and received a bearer cheque | 20,000 |
| 10 | Paid to Sakshi cash | 20,000 |
| 14 | Cheque received on December 06, 2018, deposited into Bank | |
| 18 | Sold goods to Shivaji on credit | 12,000 |
| 20 | Cartage paid in cash | 500 |
| 22 | Received cash from Shivaji | 12,000 |
| 27 | Commission received | 5,000 |
| 30 | Drew cash for personal use | 2,000 |
Prepare a two-column Cash Book from the following transaction for the year July 2018.
| July 2018 | Amt (₹) | |
| 01 | Cash in hand | 17,500 |
| 01 | Cash at Bank | 5,000 |
| 03 | Purchased goods for cash | 3,000 |
| 05 | Received cheque from Arun | 10,000 |
| 08 | Sold goods for cash | 8,000 |
| 10 | Arun’s cheque deposited into the bank | – |
| 12 | Purchased goods and paid by cheque | 20,000 |
| 15 | Paid establishment expenses through bank | 1,000 |
| 18 | Cash Sales | 7,000 |
| 20 | Deposited into bank | 10,000 |
| 24 | Paid General Expenses | 500 |
| 27 | Received commission by Cross cheque | 6,000 |
| 29 | Paid Rent | 2,000 |
| 30 | Withdrew cash for personal use | 1,200 |
| 31 | Wages paid | 6,000 |
Record the following transactions in the Cash Book of M/s Kamal Traders. Balance for the month of July 2018: Cash in hand ₹ 2,000 and balance in Bank Current account ₹ 8,000.
| July 2018 | Amt (₹) | |
| 03 | Cash Sales | 2,300 |
| 05 | Purchased goods and amount paid by cheque | 6,000 |
| 08 | Cash Sales | 10,000 |
| 12 | Paid General Expenses | 700 |
| 15 | Sold goods and amount received by Cheque and deposited into Bank | 20,000 |
| 18 | Purchased Motor Car paid by Cheque | 15,000 |
| 20 | Cheque received from Mrunal deposited into Bank | 10,000 |
| 22 | Cash Sales | 7,000 |
| 25 | Mrunal’s cheque returned dishonoured | |
| 28 | Paid Rent | 2,000 |
| 29 | Paid Telephone expenses by cheque | 500 |
| 31 | Cash is withdrawn from Bank for personal use | 2,000 |
Prepare Analytical Petty Cash Book from the following transactions in the books of Swarali General Stores, Kolhapur. The imprest amount is ₹ 1,500 received from the main cashier.
| 2018 January | Amt (₹) | |
| 01 | Paid Cartage | 50 |
| 02 | Telephone Charges | 40 |
| 02 | Bus Fare | 20 |
| 03 | Postage | 30 |
| 04 | Refreshment to Employees | 80 |
| 06 | Courier Charges | 30 |
| 08 | Refreshment to Customers | 50 |
| 10 | Cartage | 35 |
| 15 | Taxi Fare to Manager | 70 |
| 18 | Purchased Stationery | 65 |
| 20 | Bus Fare | 10 |
| 22 | Xerox Charges | 30 |
| 25 | Internet Charges | 35 |
| 27 | Postage Stamps | 200 |
| 29 | Repair on Furniture | 105 |
| 30 | Cleaning Expenses | 115 |
| 31 | Miscellaneous Expenses | 100 |
From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.
| 2018 April | Amt (₹) | |
| 01 | Opening petty cash balance | 200 |
| 02 | Received a bearer cheque to make up the imprest amount | 1,200 |
| 03 | Gave a tip to peon | 40 |
| 04 | Purchased stationery | 150 |
| 05 | Paid Taxi Fare | 35 |
| 06 | Purchased Stamp pad | 140 |
| 07 | Paid Cartage | 40 |
| 08 | Paid Bus Fare | 30 |
| 11 | Paid to sweeper | 50 |
| 13 | Purchased a box of pencils | 40 |
| 14 | Paid Mobile charges | 35 |
| 15 | Gave it to Sohan on account | 250 |
| 19 | Paid for Refreshment to staff | 150 |
| 20 | Paid Railway Fare | 30 |
| 21 | Paid Carriage | 65 |
Prepare proper Subsidiary Books and post them to the ledger from the following transactions for the month of February 2018.
| 2018 February | Amt (₹) | |
| 01 | Goods sold to Virat | 5,000 |
| 04 | Purchased goods from Khushboo Traders | 2,480 |
| 06 | Sold goods to Shankar Traders | 2,100 |
| 07 | Virat returned goods | 600 |
| 08 | Returns goods to Khusboo Traders | 280 |
| 10 | Sold goods to Mahesh | 3,300 |
| 14 | Purchased from Kunti Traders | 5,200 |
| 15 | Furniture purchased from Arun | 3,200 |
| 17 | Bought goods from Kunti Traders | 4,060 |
| 20 | Return goods to Kunti Traders | 200 |
| 22 | Return goods from Mahesh | 250 |
| 24 | Purchased goods from Kirti less 10% T.D. | 5,700 |
| 25 | Sold goods to Shri Surya goods less 5% T.D. | 6,600 |
| 26 | Sold goods to Prakash Brothers | 4,000 |
| 28 | Return goods to Kirti less 10% T.D. | 1,000 |
| 28 | Prakash Brothers returned goods | 500 |
Enter the following transactions in the books of Vijay in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book and Journal Proper for the month of August 2018.
2018 August
01 Purchased goods from Vikas Stores ₹ 18,000 at 5% Trade Discount
02 Sold goods of ₹ 9,000 to Prabhakar Traders
05 Veena sold goods of ₹ 16,000 to us at 5% Trade Discount as per our order dated 28th July, 2018.
08 Sent a Debit Note to Vikas Stores ₹ 1,600 (Gross) for goods returned.
10 Sold goods of ₹ 12,000 on credit to Shamal & Sons at 6% Trade Discount.
18 Received Credit Note from Veena ₹ 900 (Gross) for goods returned.
22 Sent Credit Note to Prabhakar Traders for ₹ 1,500 for goods returned. Received Dedit note from Shamal & Sons for ₹ 1,200 (Net) for goods returned.
23 Purchased goods of ₹ 16,600 from Priya Stores and paid for Carriage ₹ 150.
25 Purchased goods from Sadhana Stores ₹ 12,000 and sold the same to Aradhana Stores at a profit of 20% on cost.
28 Aradhana Stores returned goods of ₹ 2,400 as they were defective and the same were returned to Sadhana Stores.
31 Purchased Furniture for office use ₹ 30,000 from Art Furniture Works on credit.
Mr. Akash gives you the following information and asks you to prepare Purchase Book, Sales Book, Purchase Returns Book and Sales Return Book for the month of January 2018.
2018 January
01 Purchased goods on credit from Dhanal Traders for ₹ 15,000 and sold the same to Kunal Traders at a profit of 25% on cost.
05 Placed an order with Sunetra for goods of ₹ 10,000 less 5% Trade discount.
08 Purchased goods of ₹ 20,000 at 10% Trade Discount from Saurabha Traders.
13 Sold goods to Vinayak Stores ₹ 8,000 at 5% Trade Discount.
15 Vinayak Stores returned goods to us ₹ 200.
18 Sunetra executed our order placed on 5th Jan. 2018.
20 Sold goods to Vishnu Traders ₹ 21,000 less 5% Trade Discount.
22 Returned goods to Sunetra ₹ 1,000 (Gross).
28 Kunal Traders returned goods to us ₹ 500
30 Returned goods to Sourabh Traders ₹ 1,500.
Enter the following transactions in the Subsidiary Book of Kamal Traders.
2018 April
01 Bought from Suhas goods of ₹ 12,000 as per his Invoice No. 41.
04 Purchased from Virat goods of ₹ 11,870 less 10% Trade Discount vide Bill No. 12.
07 Bought from Kuldip goods of ₹ 11,000 less 25% Trade Discount vide Bill No. 12.
08 Bought from M/s. Art Furniture Works, Furniture for ₹ 13,000 vide Invoice No. 84.
12 Sold to Dhiraj goods of ₹ 11,500 vide Sales Invoice No. 27
13 Sold to Raja goods of ₹ 12,780 less 5% Trade Discount, vide invoice No. 88
21 Sold to Suresh goods of ₹ 8,000 less 20% Trade Discount
23 Dhiraj returned goods of ₹ 500 vide our Credit note No. 14
26 Suresh returned goods of ₹ 150 (gross) vide our Credit Note No. 115
28 Returned to Suhas goods ₹ 1,200 vide our Debit Note No. 09
30 Returned to Virat goods of ₹ 1,300 (Gross) vide our Debit Note No. 10.
30 Returned to Kuldip goods of ₹ 1,100 (Gross) vide our Debit Note No. 11.
Enter the following transactions in the Subsidiary Books of Navyug Traders:
2018 March
01 Sold to Bharat Patil goods ₹ 10,000 at 10% Trade discount.
04 Purchased from Naresh goods of ₹ 11,000 less 10% Trade discount.
06 Purchased Furniture from M/s. Sham Furniture Works, of ₹ 15,000 for office use.
07 Bharat Patil returned 20% of the goods bought by him on 1st March above and we gave him fresh goods in exchange.
08 Sold to Sundar goods of ₹ 13,000 less 15% Trade Discount.
10 Sold to Sumit Computer for ₹ 23,800 with a book value of ₹ 24,000.
12 Placed an order with Sajan for goods of ₹ 12,000.
17 Purchased from Naresh goods of ₹ 14,000 and sold them to Kamesh for ₹ 16,000.
19 Kamesh returned us goods of ₹ 1,600 and immediately returned the same to Naresh.
23 Sold to Rakesh for ₹ 4,500 old Furniture with a book value of ₹ 4,800.
26 Returned to M/s. Sham Furniture Works, office Furniture of ₹ 4,500.
28 Sajan executed our order dated 12th March, 2018.
Solutions for 5: Subsidiary Books
Balbharati solutions for Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 5 - Subsidiary Books
Shaalaa.com has the Maharashtra State Board Mathematics Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Balbharati solutions for Mathematics Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board Maharashtra State Board 5 (Subsidiary Books) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board chapter 5 Subsidiary Books are Subsidiary Books - 1, Cash Book with Cash Column, Cash Book with Cash and Bank Columns, Petty Cash Book, Purchase Book Or Purchases Day Book, Purchase Return Book Or Purchases Return Day Book, Sales Book Or Sales Day Book, Sales Return Book Or Sales Return Day Book, Journal Proper.
Using Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board solutions Subsidiary Books exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Balbharati Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board students prefer Balbharati Textbook Solutions to score more in exams.
Get the free view of Chapter 5, Subsidiary Books Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board additional questions for Mathematics Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board Maharashtra State Board, and you can use Shaalaa.com to keep it handy for your exam preparation.
