Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
7K views2 pages

CLASS XI Journal Assignment

The document provides a list of 40 transactions involving purchases, sales, payments, receipts, and other financial activities of a business. Some key transactions include purchasing goods from Heena for Rs. 20,000 with discounts, selling goods to Sheena at a 25% profit with discounts, withdrawing and depositing cash from the bank, purchasing and selling assets like machinery and a building, paying and receiving amounts to and from debtors and creditors, taking out a bank loan, and receiving and paying commissions and insurance premiums.

Uploaded by

Shiv Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
7K views2 pages

CLASS XI Journal Assignment

The document provides a list of 40 transactions involving purchases, sales, payments, receipts, and other financial activities of a business. Some key transactions include purchasing goods from Heena for Rs. 20,000 with discounts, selling goods to Sheena at a 25% profit with discounts, withdrawing and depositing cash from the bank, purchasing and selling assets like machinery and a building, paying and receiving amounts to and from debtors and creditors, taking out a bank loan, and receiving and paying commissions and insurance premiums.

Uploaded by

Shiv Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

CLASS XI- ACCOUNTANCY

ASSIGNMENT ON JOURNAL
TRANSACTIONS:
1. Assets : cash Rs.80000; cash at bank Rs.70000; stock Rs.30,000;
Debtors: Rs.36,000( Mohan Rs.10,000; Sohan Rs.12,000; Dinesh
Rs.14,000); Furniture Rs.5,000; Building Rs.25,000.
Liabilities: Creditors: X Rs.5,000; Y Rs.6,000.
2. Purchased goods from Heena for Rs 20,000 on 10% trade discount and
4% cash discount and paid 60% amount paid by cheque.
3. Sold goods to Sheena costing Rs.40,000 at a profit of 25% less 20% trade
discount and 4 % cash discount if payment is received within 7 days. 75%
payment is received by cheque on 5th day.
4. Goods return to Heena list price of Rs.2000.
5. Sheena returned 10 % of goods sold on credit.
6. Paid to Heena Rs.5,000 in full settlement of his account.
7. Received Rs.5,000 from Sheena.
8. Paid wages Rs.5,000 ; outstanding wages Rs 8,000.
9. Withdraw cash Rs. 7,000 from bank for office use.
10.Withdraw Rs.5,000 for personal use.
11.Proprietor has taken furniture of Rs.10,000 from office building for his
own use.
12.Goods Rs.2,000 given as charity.
13.Deposit cash Rs.10,000 into Bank.
14. Received cheque from Sohan Rs.8,000 anf retain in the business.
15.Deposie the above cheque into Bank.
16. Received a cheque of Rs.13,500 from Dinesh in full settlement of his
account and deposited into bank on the same day.
17.Mohan became insolvent only 40 paisa in a rupee was received from his
estate.
18.Received a cheque of Rs.5,000 from Dev and endorsed in favour of Diya.
19. Paid Rs.15,000 to Tiya on behalf of Siya.
20.Purchased Machinery Rs 25,000 from Taj and Co. and Paid Rs.2,000 as
installation charges and Rs.3,000 as freight.
21. Purchased 2nd hand scar of Rs.1,80,000 and spent Rs.20,000 to make it
usable.
22.Sold a building of Rs5,00,000.
23.Goods lost by fire amounting Rs.30,000. Insurance company admitted a
claim of rs. 20,000.
24.Cash of Rs.25,000 theft by an employee.

.
25. Salary paid of Rs.5,000 p.m. paid for 10 months and 2 months
outstanding.
26.Paid Rs 18,000 as insurance premium for the year on 1st July.1/3 rd of
which was for next year.
27. Sold goods to Dilip of the list price of Rs.62,000 for Rs.60,000.
28. Paid income tax by cheque of Rs.25,00.
29.Cheque of Pawan of Rs. 8,000 returned by bank Dishonoured.
30. Bank allowed interest of Rs.500.
31.Depreciation on Machinery @10%.
32.Received commission Rs. 9,000 half of which received in advance.
Toom
33.Took a bank Loan Of Rs.5,00,000 from Bank.
34.Purchased a new machinery of Rs. 2,00,000 in exchange of old
machinery of rs.1,50,000 balance was paid in cash.
35. Charge interest on loan Rs.5000.
36.Received an order of Rs.50,000 for supply of goods.
37.Received a cheque of Rs.20,000 as an advance of above order.
38.Paid LIC premium Of Rs. 20,000.
39. Received Rs.75,00 from one of debtors written off as bad debts last year.
40.Paid Rs.1,00,000 as white wash of building.

You might also like