On the due date Tushar requested Ameet to accept Rs. Goal (Arya Publication) from their official Site. 200 for the balance. 12400 by paying Rs. How can One Prepare for two Competitive Exams at the same time? Sachin discounted the bill with his bank @ 10 % p.a. On the next day Ganga paid Rs. On due date the bill was dishonoured and Raman requested Ramchandra to accept Rs. 14,400 to Kedarnath by paying cash Rs. Journalise the following transaction in sudhir and sons books 2016 April 1 . 12,000 sent to bank for collection had been honoured and bank charges debited were Rs. Rajesh renews his acceptance to Bhaskar for Rs. Anand accepts the same and return it to Prakash who discounted at his bank for Rs. Ganga paid half the amount of the bill and full amount of noting charges. 40. Sonia draws a bill as the request is agreed. 14,400 to Kedarnath by paying cash Rs. 50,000. You can specify conditions of storing and accessing cookies in your browser. 120 and accept a new bill for the balance. Grewals Book Part A Vol. 8,000. 10 Paid into Bank of Baroda 70,000. Krishna paid half the amount for the bill and full amount of the noting charges and accepted a bill for the balance including interest of Rs. 4000 for which Prakash draws a bill for 2 months on 1, February, 1989. Lilly discounted the bill with her bank for Rs. Sold goods for Rs. 2000 to Maharaja discounted with Bank noting charges Rs. Vishwanath retired his acceptance for Rs. Jan. 5 Purchased goods for 5,000. 4,000 on Navin on 1, May, 2013 for three months. PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. . 100. ii. 10,000 to Babita and accepted a bill drawn by Babita for the balance amount for four months. The bank informed Mr. Ashok Agrawal that Kamleshs acceptance for Rs. 6000 in cash and accepting a new bill for the balance plus interest @ 12% p.a. Before the due date of this bill Ronaldo pays the amount at a discount of Rs. 16,000 endorsed to Badrinath has been dishonoured and noting charges amounted to Rs. Nazriya draws a bill as the request is agreed. 34. 12,000 in cash and accept a new bill at one month along with interest at 10% p.a. 400 to retire the bill. Sagar Paid half the amount of the bill and full amount of the noting charges including interest of Rs. SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019, SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019. Sonam informs Ranbir that Salmans acceptance for Rs. Ganga accepted a new bill at 2 months for the balance amount plus interest Rs. . 500. Before the due date of this bill Baloo pays the amount at a discount of Rs. Somnath renews his acceptance of Rs. for 3 months. Vishwanath retired his acceptance for Rs. But afterwards Ajith become insolvent and only 25% of the amount could be recovered from her estate. 100. 5,84,000; Capital - Rs 25,00,000 and Building - Rs 10 . Question No 03 Chapter No 5 - USHA Publication 11 Class. Your email address will not be published. The bank informs Kamalakar that Sindhus acceptance for Rs. 3rd May : Cash deposited into bank Rs. 1,000 is paid immediately and Anand should accept the new bill for 3 months for the balance payable plus interest of Rs. feb 4 no entry will be passed since invoice is received on feb 6 and posting in journal is made from source document, This site is using cookies under cookie policy . Nanda got the bill discounted with his bank for Rs. 11. For balance Karthik should accept a new bill for three months. Journalize the following transactions in the books of Himanshu: Cash receieved from Swati In full setlement, (Being cash received from Swati in full settlement). 2980. On Maturity Moon finds herself unable to make payment of the bill and requested Sun to renew the bill. 3,900. On due date, the bill was dishonoured noting charges amount to Rs. Bank informs Maharaja as to the dishonour of Kasams acceptance for Rs. Journalise the following transactions , post to the ledger. Journalise the following transactions in the books of Sudhir : 2019 Jan. 1 Sudhir having no capital of his own started business with 50,000, borrowed from his friend Shiva @ 10% p.a. 4,000 endorsed to Nanda has been dishonoured and noting charges have been Rs. for 3 months. 2500 endorsed to Suresh has been dishonoured and noting charges amounted to Rs. 2018 Oct. 1 Purchased Machinery of 95,000 and paid 5,000 for freight. Solution 1: Journal is a book of prime entry or a book of original entry in which transaction are first recorded in a chronological order or sequence they are entered. Anil paid Rs. 2. 2,000. Prepare an Accounting Equation on the basis of the following transactions: (i) Started business with cash 70,000. iii. Dinesh who had accepted Mr. Ashok Agrawals bill of Rs. SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS. Transcribed image text: Q2 Journalise the following transactions in the books of M/s Chand & Sons: S.No. 15000 has been dishonoured and it has paid noting charges Rs. 10,250. 200. Bhagyashri sold goods to Rupa worth Rs. 3rd May : Cash deposited into bank Rs. What is a journal? 1700. On next day Archana paid Rs. Lilly agreed with the condition that Rose should pay Rs. 6000 along with interest of Rs. Journalise the following transactions in the journal of M/s Goel Brothers and post them to the ledger. 20,000. On 1. January 2014 Archana discounted the bill with her bank for Rs. Ameet agrees this proposal. 1000 in cash and draw a fresh bill for 3 months for the balance plus interest @ 10% p.a. 60,000 Loan given to Bhuvan Rs. 4000. Journalise the following transactions in the books of Mr. Ashok Agrawal. Devas acceptance to Kamesh Rs. Input CGST A/c. Anjali accepts the proposal on the condition that Rupali should pay Rs. 24,000 to Rupa. But afterwards Chanda become insolvent and only 25% of the amount could be recovered from her estate. Cash in hand 35,000, Cash at Bank 25,000, . 40000 for which Anil draws a bill for 2 months on 1, February, 2014. Rama discounted the bill with the bank at Rs. Ask questions, doubts, problems and we will help you. Feb. 4 Purchased goods for 35,000 from Albert Feb. 6 Received invoice at 10% trade discount from Albert. 8,000/- and Raman accepted the Bill for Rs. 50/- each (GST extra), SSC Maths I March 2019 Solution 10th Standard. 5,000 and machinery for Rs. 8000. 4,000 has been dishonoured and it has paid noting charges Rs. View solution > Journalise the following transaction: Cash deposited into the bank Rs. Pass the necessary journal entries in the books of Sonia. 10,000. more; 1 Answer for three months. 4,000/- immediately and draw upon him a new bill for the remaining amount at 3 months together with an interest @ 10% p.a. 2,000, Buildings Rs. Bought furniture for Rs. 10,000 in cash and accepted 4 months bill for balance amount drawn by Bhagyashri. Bheem discounted the bill with his bank @ 10% p.a. 1,000 to Lilly and accepted a bill drawn by Lilly for the balance amount for four months. 1 1 , This site is using cookies under cookie policy . Journalise the following transactions in the books of Harbhajan & Co. for the month of. Feb. 8 Sold goods to Sachin for 40,000 Feb. 10 Sachin became insolvent and paid 50 paise in . On the same date Pankaj discounted the bill with his bank @ 10 % p.a. On 1, Aug, 2013 Anand requested Prakash to renew the bill and Prakash agreed on the condition that Rs. 15,000 at 3 months. for 3 months.. iii. Pankaj draws a bill on Anil worth Rs. Journalise the following transactions in the books of Varun. 25. ii. Journalise the following transactions int he books of Kedarnath: 1. The bank informs Kamesh that Sudhakars acceptance for Rs. Started business with Rs. The business is started by receiving cash from an investor in exchange for common stock $10,000. Journalise the following transactions in the books of Kamalakar. Grewal's- Sultan Chand D K Goel - Arya Publications, All Icons and images used on my website were downloaded from the following website please go and download free:-, Copyright 2021-2022 Tutors Tips All rights reserved, Question No 01 Chapter No 9 D.K Goal 11 Class, D K Goel New ISC Accountancy -(Class 11 ICSE)- Solution. Ashok renews his acceptance to Kamesh for Rs. 500. 8,000, Cash at Bank Rs. 25,000, Stock of goods Rs. Ronaldo owes Ricardo Rs.80,000. 6. 8. Rupa accepted a new bill at 2 months for the balance amount plus interest Rs. Mar.1. 90,000 for three months which was accepted by Amithab. answered 48. . 2018. View full document. A business has the following transactions: A. The bill was duly met on the due date. Following balances appeared in the books of Ram & Shyam on January 1, 2017 . The bill is sent to bank for collection. 4,000 to Ganga. Bhanu Traders and post them into the Ledger . 9600/-. Surya agreed on the condition that Rs. Question 2. October, 2013, Anand retired his acceptance for Rs. However, on 1. 37. Rs. 150 for a period of one month. On due date the bill was dishonoured and Dhoni requested Sachin to accept Rs. 45. 6 Purchased Laptop from Nagesh & Co. worth 1,80,000 @ 18% GST. Amithab became insolvent before the maturity of the bill and 50 paise in a rupee was received at first and final dividend from his estate. 14,000 endorsed to Nisha has been dishonoured and noting charges have been paid Rs. On 6th September, when the bill was presented for payment. New bill is met on the due date. Ramya agreed to accept a new bill with an interest of Rs. The author has about to 10-year Experience in the tuition Business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
960/-. 500. Moni accepts the bill and returns it to Sonia who discounts the bill with the bank at a discount of 8% p.a. Journalise the following transactions in the books of Rahul. Bank informed that the bill has been dishonoured by Subodh. 3,000 has failed to pay the amount. Ramya duly accepted the bill. Jones agreed on the condition that Rs. (ii) Credit purchase of goods 18,000. On the next day Rupa paid Rs. Journalize the following transactions in the books of Maharaja. Noting charges are Rs. Anil drew a bill for Rs. 3900. Sachin agreed and the second bill was duly honoured. Anitha accepts the bill and returns it to Nazriya who discounts the bill with the bank at a discount of 10% p.a. Badrinath informs Kedarnath that Aloknath's Acceptance of Rs. Mandar retired his acceptance to Bhaskar for Rs. An example of data being processed may be a unique identifier stored in a cookie. 50. Amount Cr. Journalize the following transactions in the books of Harpreet Bros.: (a) 1,000 due from Rohit are now bad debts. 12 and accept a new bill for the balance. 30/-. Pass necessary journal entries for the above transactions: i. Pass journal entries in the books of Babita. 60,000 Loan given to Bhuvan Rs. Journalise the following transactions in the books of Ranbir. Following transactions of Ramesh for April,2018 are given below. Unimax Publications Books Solution PSEB, T.S. Journalise the following transactions in the books of Sudhir. On 15th June Sharma discounted the bill for Rs. On the date of maturity, the bill was dishonoured. Journalize the following transactions: (Being cheque received from Suman and discount allowed), (Being telephone expenses paid by cheque). 13. Pass journal entries in the books of Anand. 2500 endorsed to Suresh has been dishonoured and noting charges amounted to Rs. 100 for a period of one month. 600 along with interest of Rs. Kaveri discounted the bill at 10% p.a. Journalise the following transactions in the books of Gopal, a trader of Delhi: On the due date the bill was honoured. 10,000/- at 3 months drawn by Bheem. 1,00,000/- at 3 months drawn by Sachin. Vishal renewed his acceptance to Mr. Ashok Agrawal for Rs. Rajesh renews his acceptance to Bhaskar for Rs. HSC ENGLISH SET A 2019 21st February, 2019, HSC ENGLISH SET B 2019 21st February, 2019, HSC ENGLISH SET C 2019 21st February, 2019, HSC ENGLISH SET D 2019 21st February, 2019, SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019, CHEMISTRY XII HSC SOLUTION 27th, February, 2019, OCM PAPER SOLUTION 2019 27th, February, 2019, HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019, HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019, SSC Maths I March 2019 Solution 10th Standard11th, March, 2019, SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019. Journal Entries Ronaldo. 2010 (Rs) Nov 1 Business started with (i)Cash 1, 50, 000 (ii)Goods 50, 000 Nov 3 Purchased goods from Harish 30, 000 Nov 5 Sold goods for cash 12, 000 Nov 8 Purchased furniture for cash 5, 000 Nov 10 Cash paid to Harish on account 15, 000 Nov 13 Paid sundry expenses 200 Nov 15 Cash . March, 2013. See Page 1. How many triangles are there in the given figure? Journalise the following transactions in the books of Ranbir. But the bank informed that the bill has been dishonoured by Dayaram. Journalise the following transaction, post them into Ledger, Balance the accounts and prepare a Trial Balance. 25. Sun draws a bill on Moon for Rs. 12. The second bill was duly honoured. 16,000 endorsed to Badrinath has been dishonoured and noting charges amounted to Rs. Sagar owes Sindhu Rs. (a) 12 (b) 10 (c) 9 (d) 11. Navin accepts the same and return it to Anil who discounted at his bank for Rs. State the following Ledger Account under: (a) Real Account (b) Personal Account (c ) . 8,000/- at 3 months drawn by Ramchandra. Check out the Accountancy Class +1 by D.K. Before the due date Archana approached Babita with a request to renew the Bill. SOLVE THE FOLLOWING BOARD QUESTIONS FROM THESE BOARD PAPER UPTO DATE AND COMPLETE SOLUTION IS GIVEN. Nisha informs Kamalakar that Shantis acceptance for Rs. i. Suresh informed Bhaskar that Nishads acceptance for Rs. Kaveri sold goods to Ganga worth Rs. 4000 in cash and draw a bill for the balance plus interest at 12% p.a. Sold goods for cash to Sudhir Ltd. 18,000: 25: Paid for Rent: 1,500: 26: Received for Commission: after one month with her bank. Babita discounted the bill with her bank for Rs. How many triangles are there in the given figure? 100. for English Grammar in Board Exam. Pass the necessary journal entries in the books of Anitha. 30/-. 14. 10,000/- at 3 months drawn by Premlal. January, 2014 Archana drew a bill for Rs. Give journal entries in the books of Karthik. The bill is sent to bank for collection. Ravindra renews his acceptance to Ranbir for Rs. 20. 25,000, Stock of goods Rs. 2,000, Buildings Rs. View full document. Sachin sold goods to Dhoni worth Rs. New bill is met on the due date. You can specify conditions of storing and accessing cookies in your browser. Mukund owes (be obligated) Prakash Rs. Pass journal entries in the books of Sharma and Sharmas account in the books of Jain. 6,000 for 2 months periods on Ramya. Journalise them. Lata duly accepted the bill. Sonam informs Ranbir that Salmans acceptance for Rs. Chanda accepted a bill for Rs. Your email address will not be published. Mar.2. 50. Important Questions For Board Exam 2022, O.C.M. Give Journal entries in the books of Ramchandra. Journalise the following transaction: Sold goods for Rs. March, 2014. Record the following transactions in the journal and post them into the ledger of Mr. Mahdi. Journalise the following transaction: Commence business with Cash Rs. Premlal sold goods to Sunderlal worth Rs. 01. Pass journal entries in the books of Prakash and prepare Prakash account in the ledger of Mukund. [Ans.] Journalise the following transactions in the books of Mr. Heramb, Write out the electronic configuration of the first 20 elements, the group of people with the authority to govern a country or state; a particular ministry in office.if you don't mind I will talk in another account, Bought one table and one chair for $ 500, and paid for it by cash journal entries , 3. Kaloo discounted the bill with his bank @ 12 % p.a. Journalise the following transactions in the books of Harbhajan & Co. for the month of 1st April 2019 . 38. Question . . Record the following transactions in Journal in the books of Shyam & Co., Delhi: (i) Received cash from Ram of Delhi for a bad debt written off last year Rs.. 18th March, 2019. 4000. Journalise the following transactions in the books of Sudhir : Journalise the following transactions in the books of Mr. Heramb, Write out the electronic configuration of the first 20 elements, the group of people with the authority to govern a country or state; a particular ministry in office.if you don't mind I will talk in another account, Bought one table and one chair for $ 500, and paid for it by cash journal entries , 3. 4,000 on Anand on 1, May, 2013 for three months. However, on 1. 10000 in cash and draw a fresh bill for 3 months for the balance plus interest @ 10% p.a. 1 st April 2019. R.K. & Co. (i) Purchased goods at list price of 20,000 from Vishal at 20% trade discount against cheque . 2. 12,500. (d) Abhishek sent a bill of Subodh for 9,000 to bank for collection. 14,000 was declared bankrupt and only 45% of the amount due could be recovered from his estate. 80. Rent of $1,250 is paid for the first month. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Prepare Journal from the transactions given below: Interest charge on capital @7% p.a. 1200 by paying Rs. Recovered only 50% of the amount due from his private estate of Ramnath, who declared as insolvent, against his bill of Rs. January 1988 Vandana discounted the bill with her bank for Rs. II Solution, What is Ledger in accounting explain its Types, Chapter 3 Meaning and Objectives of Accounting, Chapter 5 Books of Original Entry Journal, Chapter 6 Accounting for Goods and Service Tax (GST), Chapter 7 Books of Original Entry Cash Book, Chapter 14 Generally Accepted Accounting Principles(GAAP), D K Goel accountancy +1 ISC_Accounts_11_20_Image, Question No 16 Chapter No 8 D.K Goal 11 Class, Question 07 Chapter 5 of +2 Part-1 USHA Publication 12 Class Part 1, Question No 27 Chapter No 13 Unimax 11 Class, Question No 26 Chapter No 13 Unimax 11 Class, Question No 25 Chapter No 13 Unimax 11 Class, Question No 24 Chapter No 13 Unimax 11 Class, Question No 23 Chapter No 13 Unimax 11 Class, Shyam Sunder & Sons commenced business with cash, Paid to Raghu, in full settlement of his account, Sold goods to Mahesh Chand & Co. for 32,000 at 5% trade discount, Withdrew by Proprietor for his personal use, (Being Goods purchased on credit from Raghu and Dilip), (Being Cash paid to Raghu in full settlement), (Being Goods sold to Mahesh Chand & Co. at trade discount), (Being Cash received from Mahesh Chand & Co.), (Being Cash withdrawn and fan purchased for personal use), Chapter 8 Books of Original Entry Special Purpose Subsidiary Books, Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS), Chapter 20 Final Accounts With Adjustments, Chapter 21 Errors and their Rectification, Chapter 22 Accounts from Incomplete Records Single Entry System, Chapter 23 Accounts of Not-for-Profit Organisations, Chapter 24 Computerised Accounting System, Chapter 25 Introduction to Accounting Information System. 2018 Cash Account Dr. 500 May 2 To Goods Account 500 (Being cash Sale of goods) Column (3) is known as the L. (Ledger Folio) Column. However, on the due date the bill was dishonoured. iv. Pass journal entries in the books of Anil and prepare Anil account in the ledger of Mukesh. Mukund accepts it and returns it to Prakash. This was for the amount which Navin owed to Anil. On 1. 3,800 by paying Rs. On 4, March, 1989, Mukund approaches Prakash and request him to accept Rs. (b) Goods worth 2,000 were used by the proprietor. These arrangements were carried through. Vaibhavs acceptance to Maharaja for Rs. Journalise the following transactions, post them into Ledger, balance the accounts and prepare a Trial Balance : 2017 . Babita agreed with the condition that Archana should pay Rs. Jones got the bill discounted with his bank for Rs. Ameet draws a bill for Rs. Show Full Solution. Illustration 1: Journalise the following transactions in the books of Mr. Ram Krishna: 2007 () July 1 Mr. Ram Krishna Started business with cash 2,00,000 July 4 Goods purchased in cash 20,000 July 5 He deposited in Bank 40,000 July 7 Goods sold 15,000 July 10 Goods purchased from Mr. Kamlesh on credit 25,000 July . Question No 02 Chapter No 5 - USHA Publication 11 Class. Jain dishonoured the same. NCERT Books. 20. Dr. 500. June 1989 Mukund retired his acceptance under discount of Rs. i. Ayub informs Maharaja that Sadashivs acceptance for Rs. January, 1988 Vandana drew a bill for Rs. Question No 01 Chapter No 9. Minal discounted the bill @ 12 % p.a. Give journal entries in the books of Anjali. Salman draws a bill on Amithab worth Rs. Bhagyashri discounted the bill at 10% p.a. Rose purchased goods from Lilly on credit for Rs. On the due date, the bill was dishonoured. 30,000 jan06sold goods for cash 10,000 jan10paid for trade expenses. 5000 to the bank for collection. * Pradeep informed Rahul that, Vijays acceptance for Rs. These arrangements were duly carried out. Journalise the following transaction in the Books of Harpreet Bros : (a) Rs. with the bank. 400 in cash and accepting a fresh bill for the balance plus interest at 12% p.a. Mukesh accepts it and returns it to Anil. Baloo accepts and return it to Kaloo. Rs. 800 in cash and accepting a new bill for the balance plus interest @ 12 p.a. for two months. 8,000 for three months which was accepted by Anil. 2500 in cash and accepting a fresh bill for the balance plus interest @ 10% p.a. 8 Proven Tips to Handle Anxiety before Exams! Give the Journal entries in the books of Premlal. June 2014 Mukesh retired his acceptance under discount of Rs. When company decided not to record the issue of 10 % Debentures as collateral security. more; Journalise the following transactions of raj kumar traders timber merchants. 100. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. These arrangements were carried through. 60,000 at 4 months. Give the journal entries in the books of Archana and show Archanas account in the books of Ramya. On the same date Salman discounted the bill with his bank @ 10 % p.a. Baloo owes Kaloo Rs.8000. 2,000 endorsed to Ayub has been dishonoured, noting charges amounted to Rs. 1,000 endorsed to Pradeep has been dishonoured. Apr Debit Balances on the date of acquisition: 1st: Cash in hand Rs. The second Bill was duly honoured. 200. Badrinath informs Kedarnath that Aloknath's Acceptance of Rs. 3, 035. 3015/- Pass Journal Entries in the books of Minal. 4. Journalize the following transactions in the books of Harpreet Bros.: Charge depreciation @ 10% p.a for two months on machine costing, (Charge depreciation @ 10% p.a for two months on machine costing. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. Transaction 1 The opening ledger balances of were as follows: Cash in hand - Rs. Sonia draws a bill on Moni for Rs. Ronaldo accepts and return it to Ricardo. How to Study for CBSE Class 10 Board Exams Subject Wise Tips? EXTRA 40 QUESTIONS WITH COMPLETE SOLUTION FOR PRACTICE. On 1, Aug, 2013 Navin requested Anil to renew the bill and Anil agreed on the condition that Rs. 40,000 immediately and draw upon him a new bill for the remaining amount at 3months together with an interest at 10% p.a. 20,000. (c) Charge depreciation @ 10% p.a for two months on machine costing 30,000. . 2,18, 000; Bills receivable - Rs.86,000; Debtors - Rs 2,23,000; Stock - Rs 3,12,000; Creditors - Rs 3,12,400; Equipment - Rs. 20,000/- drawn by Jones at three months. See Page 1. Rs. 39. 15th March, 2019. Journalise the following transactions of Mr. Rahul: Solution: Question 3. 3200 endorsed to Sonam has been dishonoured and the noting charges amounted to Rs.. Pass Journal Entries in the books of Kaloo. Journalise the following transactions.