He bought goods old Rs.4,00,000 and furniture of Rs.5,00,000. Solution: Question 14. All Dk_goel_(2018) Solutions for class Class 11 Commerce Accountancy are prepared by experts and are 100% accurate. Journalise the following transactions in the books of Akash : Goods uninsured worth Rs.3,000 were destroyed by fire. Journalise the following transactions in our books: ii. Received Rs.9,500 from Sohan in full settlement of his account for Rs.10,000. Issued invoice at 10% above cost less 5% trade discount. one account is debited and the other account is credited , is known as simple entry. Cash withdrawn by Ajit for personal use Rs.5,000. iii. Prepare the journal from the transactions given below: Diese Tatsache kann man im Englischunterricht nutzen, um die Kompetenz Schreiben zu fördern. Salary for the month is outstanding Rs.2,000. A final compensation of 25 paise in the rupee is received from his estate out of Rs.5,000. Also give value affected in each of the above case. endobj iv. vi. iii. Journalise the following transactions in the books of Ajay: ii. Gaurav commenced business by introducing capital in cash Rs.21,000 and by cheque Rs.50,000. Supplied goods costing Rs.600 to Mohan issued at 10% above cost less 5% Trade Discount. Give journal entries for the following transactions giving in each case the nature of account (whether asset, liability, capital, expenses or revenue) and the rule applicable: i. Ajit started business by investing cash Rs.50,00,000. Solution: Question 23. Journalise the following transactions: Journalise the following: Pass the Opening Entry from the following Balance Sheet as at 31st March, 2018 of Vikas: Solution: * Capital Account is tally amount of Balancing Figure. Solution: Question 29. All questions and answers from the Accountancy Dk Goel 2019 Book of Class 11 Commerce Accountancy Chapter 4 are provided here for … Purchased building for Rs.10,00,000. ii. i. Solution: Question 21. Received Rs.975 from Harikrishna in full settlement of his account for Rs.1,000. iii. iii. Cheque of Jatinder of Rs.10,000 deposited, returned unpaid. Writing a DIARY ENTRY. %PDF-1.5 Goods sold for a list price of Rs.50,000; trade discount allowed 10%, cash discount allowed 10%. CBSE. Issued a cheque in favour of M/s. i. Purchased car for Rs.3,00,000 by taking loan of Rs.2,50.000 from bank. Paid Rs.4,800 to Ashok on his account for Rs.5,000. Purchased goods from Ramesh Rs.20,000 less trade discount at 20% plus VAT @10% iii. However, there will not be any change in the ledger account balance. Parmatma Singh and Sons on account of purchase goods worth Rs.7,500. Goods worth Rs.500 given as charity. Goods worth Rs.500 were used by the proprietor for domestic purposes. Solution: Question 22. Purchased goods on credit from Chandler Rs.25,000. Solution: Question 19. Received a cheque from J. Peterson Rs.5,450. Ajay received Rs.5,000 from Abhay which he had earlier written off as Bad Debts. You will also love the ad-free experience on Meritnation’s Dk_goel_(2018) Solutions. The stock was not insured. Ajay returned goods purchased from Manoj Rs.22,000. Journalise the following transactions : <> Raj started a business with cash of Rs. Sales subject to 10% trade discount and 5% cash discount if payment is made immediately. Board. Give journal entries for the following transactions giving in each case the nature of account (whether asset, liability, capital, expenses or revenue) and the rule applicable: %���� ii. ii. We hope the TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal help you. Issued a cheque in flavor of M/s Karanvir Timber Company on account of the purchase of timber worth Rs.7,500. i. Purchased goods for cash Rs.3,00,000. Solution: Question 16. i. Solution: Question 13. Journalise the following transactions in the books of Gaurav: Rajan commenced business by introducing capital in cash Rs.11,000 and by cheque Rs.1,50,000. Goods costingRs.10,000 were returned to Ram Bros. as the goods were hazardous for the health of the consumers. Ajay took goods worth Rs.2,500 (Cost) for his personal use. Goods sold costing Rs.10,000 to M/s Abbas and sons at an invoice price 10% above cost less 10% trade discount. Received Rs.9,500 from Shyam on his account for Rs.10,000. Paid Rs.2,500 in cash as wages on installation of a machine. In sozialen Netzwerken teilen Jugendliche ihre Urlaubs- oder Fereinfreizeit-Erlebnisse und Fotos nicht selten auch auf Englisch. Solution: Question 11. Replacing the complex compound entry with Simple Compound entries . Standard 11 students should practise questions and answers given here for Accountancy in Grade 11 which will help them to strengthen their understanding of all important topics. iv. endobj Students first come across Accountancy in Class 11. Journalise the following : He bought goods old Rs.4,00,000 and furniture of Rs.5,00,000. These solutions for Accounting For Goods & Service Tax Gst are extremely popular among Class 11 Commerce students for Accountancy Accounting For Goods & Service Tax Gst Solutions come handy for quickly completing your homework and preparing for exams. ii. ii. 3 !1AQa"q�2���B#$R�b34r��C%�S���cs5���&D�TdE£t6�U�e���u��F'���������������Vfv��������7GWgw�������� 5 !1AQaq"2����B#�R��3$b�r��CScs4�%���&5��D�T�dEU6te����u��F���������������Vfv��������'7GWgw������� ? iii. i. If you are a student of Class 11 who is using TS Grewal Textbook to study Accountancy, then you must come across Chapter 5 Journal. iii. This is the third time this month she’s done this – I hate it! Home » Accountancy Class 11 » Types of Journal Entries. Purchased goods for Rs.20,000 and availed discount Rs.1,000. Watch out! If you have any query regarding TS Grewal Accountancy Class 11 Solutions Chapter 5 Journal, drop a comment below and we will get back to you at the earliest. The practical questions will require the students to record journal entries, prepare a trial balance, a purchase book, accounting equations, prepare bank reconciliation statements, and prepare individual accounts. ii. i. Element. in chronology order. ii. CBSE Class 11 Accountancy DK Goel (2019) Solutions are created by experts of the subject, hence, sure to prepare students to score well. Interest on Capital Rs.300. Purchased goods for Rs.1,00,000 from Rashmi. iv. Charged depreciation on plant Rs.1,000. Journalise the following entries: Solution: Question 26. Journalise the following transactions in the books of M/s. TS Grewal Solutions for Class 11 Accountancy Chapter 5 - Journal Q.6 Journalise the following entries: (i) Goods costing 竄ｹ 500 given as charity. Solution: Question 30. He sold goods to Ramesh against cash Rs.20,000 and allowed him Cash Discount of Rs.400. Sold goods costing Rs.7,000 to Krishna for Rs.9,000 plus VAT @10% Provide depreciation @10% on furniture costing Rs.10,000 for 9 months. Kitty availed cash discount. Purchased goods for Rs.60,000 and paid Rs.2,000 for arrange. CBSE Maths notes, CBSE physics notes, CBSE chemistry notes. Get printable school Assignments for Class 11 Accountancy. i. Ajit started business by investing cash Rs.50,00,000. DK Goel Accountancy Class 11 Solutions Chapter 9 Books of Original Entry – Journal, which are outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. Sold goods to Mahendra on credit Rs.46,500. vi. Solution: Question 28. You’ll notice the above diagram shows the first step as “Source Documents”. Journalise the following transactions: Deposited cash into bank Rs.80,000. iv. A received ₹ 900 by cheque from B and drew on him a bill for the balance amount payable 3 months after date. Goods worth Rs.50,000 and Cash Rs.20,000 were stolen by an employee. (ii) Sold goods to Mayank of 竄ｹ 1,00,000, payable 25% by cheque at the time of sale and balance after 30 VAT was deposited into government account on due date. Paid Rs.250 in cash as wages on installation of a machine. v. Paid cartage Rs.2,000. Received a first and final dividend of 60 paise in a rupee from the Official Receive Rajan, who owed us Rs.1,000. vi. Types of Journal Entries. viii. ii. A fire occurred in the godown of Ajay and he lost goods worth Rs.10,000. Purchased building for Rs.10,00,000. Journalise the following transactions : Purchased goods for Rs.1,00,000 and availed Trade Discount of Rs.10,000. iii. B.keeping_&_account Solutions for Class 11 Commerce Accountancy Chapter 4 Journal are provided here with simple step-by-step explanations. iii. These solutions for Journal are extremely popular among Class 11 Commerce students for Accountancy Journal Solutions come handy for quickly completing your homework and preparing for exams. Pardeep Jha, for XIth C.B.S.E. There are two types of Journal Entries. Sample Paper Class 11 Accountancy: The Curriculum ii. i. What is Journal Entry? In both the cases, the postings in the ledger accounts involved in the complex compound entry vary. 1 0 obj iv. Goods given as charity Rs.5,000. We, at BYJU’S, provide 1 st March 2025 2 nd October 2030 3 rd May 2010 . i. Question 10. iv. Supplied goods costing Rs.60,000 to Shyam. iv. We, at BYJU’S, provide DK Goel Solutions to assist students to comprehend all the theories in particular. Read and download free pdf of CBSE Class 11 Accountancy Journal Entries Assignment.
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