DELHI PUBLIC SCHOOL- BOPAL, AHMEDABAD
ASSIGNMENT CHAPTER-3 (2023- 24)
TERM-1,CYCLE-4
CHAPTER NAME: JOURNAL (WITHOUT & WITH GST)
CLASS: XI DOS: 29/06/23
SUBJECT: ACCOUNTANCY
1.Prepare journal entries:
a) Deposited into Bank ₹ 10,000 out of personal cash.
b) Withdrew from bank to pay for goods purchased ₹ 500.
c) Purchased stationery ₹ 200 by cheque.
d) Sold goods for ₹ 5000 for cash.
e) Paid salary of ₹ 500 by cheque.
2. Journalize the following:
i. Goods uninsured worth ₹3,000 were destroyed by Fire
ii. Paid ₹ 2,500 as wages for construction of cycle stand shed.
iii. Supplied goods costing ₹600 to Misha issued at 10% above cost less 5% Trade discount.
3. Journalize the following transactions in the books of Ravi.
1. Sold goods costing ₹ 40,000 to Ashok for cash at a profit of 25 % on cost less 20% trade discount and
paid cartage ₹ 200(not to be charged from customer.)
2. Purchased goods from Rahul ₹ 25,000 less trade discount 20% plus
3. Paid ₹ 1500 to the landlord for Rent. One third of the premise is occupied by the proprietor for his own
residence.
4. Goods damaged by fire ₹ 1000 and insurance company accepted a claim of ₹ 800.
4. Pass journal entries for the following:
a) Bought goods at a list price of ₹ 25,000 from Madan less 20 % trade discount and 2 % cash discount and
paid 40 % by cheque.
b) Received first and final dividend of 60 paisa in the rupee from Gupta who owed us ₹ 10,000.
c) Sold 40 shares of TISCO Ltd. @ ₹ 18 per share, Paid Brokerage ₹ 15.
5. On 28th March , goods worth ₹ 80,000 were destroyed by fire. The stock was insured and the insurance
company admitted a claim of ₹ 60,000 only. Show how this transaction will be recorded in the books.
6.Stock at the end of the year was ₹ 1,00,000 of which 50% was valued at 10 % less and 20 % was valued at
20 % more. Calculate the value of stock.
7.Fill the missing information in the Following Journal entries:
Sr. Particulars L/ Debit ₹ Credit ₹
No. f
1. …………………A/c--------------------Dr ?
To…………………….A/c
( Being goods costing ₹10,000 sale price ?
₹12,000 withdrawn for personal use.)
2. _____________A/c--------------------Dr ?
_____________A/c--------------------Dr
To Vikas A/c ?
( Being cheque received from Vikas and
1,00,000
discount allowed @5% )
3. …………………A/c--------------------Dr
To…………………….A/c
( Being interest payable on Mrs. Kinjal ‘s ?
Loan of ₹2,00,000 @15% p.a for one month)
?
4. …………………A/c--------------------Dr 75,000
To…………………….A/c
( Being Sold personal car and the money paid 75,000
into business)
8.Rectify the following Journal entries assuming that the narration is correct:
Sr. Particulars L/f Debit ₹ Credit ₹
No.
1. ----------- A/c--------------------Dr 10,000
To Vikas A/c
( Being received 25 paise per Rupee from the
estate of Vikas who owed us ₹ 40,000, is
10,000
declared insolvent)
2. Cash A/c………………Dr 8730
To Sales A/c
(Being goods worth ₹ 10,000 sold at 10%T.D 8,730
and 3% Cash discount.)
3. Purchases A/c--------------------Dr 15,000
To Cash A/c
( Being furniture purchased for the cash) 15,000
4. Rent A/c--------------------Dr 2,000
To LandlordA/c
(Being Rent due to Landlord) 2,000
JOURNAL ENTRIES WITH GST
9..Pass journal entries in the books of Danish of Gujarat for the following transactions:
a) Purchased goods from Annu of Gujarat for ₹ 2,00,000( CGST and SGST paid @9% each)
b) Purchased goods from Rahul of Rajasthan for ₹ 3,00,000.(IGST paid12%)
c) Sold goods to Gurdeep of Gujarat for ₹ 2,50,000(CGST and SGST paid @9% each).
d) Paid Railway Freight ₹ 15,000( CGST and SGST paid @9% each)
10.. Enter the following transactions in the books of Mukul traders of Rajasthan. Assume CGST and SGST
@9% each.
March 2023
i. 5 Purchased goods for ₹ 5,00,000 from Chawla Bros at 20% T.D
ii. 10 Sold goods to Pinal for ₹. 3,20,000
iii. 15 Purchased furniture for ₹. 50,000 and payment made by cheque.
iv. 18 Received from Pinal a cheque for ₹ 2,00,000 on account.Cheque is sent to bank.
v. 20. Advertisement charges of ₹ 20,000 paid by cheque
vi. 22. Sold goods for ₹ 1,00,000 and received a cheque for the same and deposited in
Bank.
vii. 25. Commission ₹ 10,000 received in cash.
