InstaQB

Home
Institutions
- Institutions
  
  Polytechnic Colleges
  
  Medical Colleges
  
  Arts & Science Colleges
  
  Universities
  
  Engineering Colleges
  
  Agricultural Colleges
  
  Research Institute
  
  Law Colleges
  
  Audiology and Speech Colleges
  
  Business & Management colleges
  
  Nursing colleges
  
  Hotel Management institutes
  
  Aeronautical Colleges
  
  Bachelor's Degree
Syllabus
Courses
Stateboard
- 12th Standard English Medium
  
  Maths
  
  Physics
  
  Chemistry
  
  Biology
  
  Computer Science
  
  Business Maths
  
  Economics
  
  Commerce
  
  Accountancy
  
  History
  
  Computer Applications
  
  Computer Technology
  12th Standard Tamil Medium
  
  உயிரியல்
  
  கணினி பயன்பாடுகள்
  
  கணினி அறிவியல்
  
  வணிகக் கணிதம்
  
  வணிகவியல்
  
  பொருளியல்
  
  கணிதவியல்
  
  வேதியியல்
  
  இயற்பியல்
  
  கணினி தொழில்நுட்பம்
  
  வரலாறு
  
  கணக்குப்பதிவியல்
  11th Standard English Medium
  
  Maths
  
  Commerce
  
  Economics
  
  Biology
  
  Business Maths
  
  Accountancy
  
  Computer Science
  
  Physics
  
  Chemistry
  
  Computer Applications
  
  History
  
  Computer Technology
  
  Bio - Zoology
  11th Standard Tamil Medium
  
  கணிதவியல்
  
  உயிரியல்
  
  பொருளியல்
  
  இயற்பியல்
  
  வேதியியல்
  
  வணிகக் கணிதம்
  
  கணினி அறிவியல்
  
  கணக்குப்பதிவியல்
  
  வணிகவியல்
  
  கணினி பயன்பாடுகள்
  10th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  9th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  8th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  7th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
ICSE/ISC
- Class XII
  
  Mathematics
  
  Physics
  
  Accountancy
  
  Biology
  
  History
  
  Geography
  
  Psychology
  
  chemistry
  
  Economics
  
  Computer Science
  
  Political Science
  
  Business Studies
  Class XI
  
  Accountancy
  
  Chemistry
  
  Mathematics
  
  Biology
  
  Geography
  
  Physics
  
  History
CBSE
- 12Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Geography
  
  Socialogy
  
  Business Studies
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  
  Home Science
  11Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Socialogy
  
  Business Studies
  
  Geography
  
  Home Science
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  10Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  Mathematics
  
  Economics
  
  Geography
  
  History & Civics
  
  Computer Application
  9Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  mathematics
  
  Computer Application
  
  Economics
  
  Geography
  
  History & Civics

11th Accountancy Weekly Test - 1 ( Books of Prime Entry )

MABS Institution

11th Accountancy Weekly Test - 1 ( Books of Prime Entry )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Received cash for Bad debts written off last year is credited to ____

Bad debts A/c
Bad debts recovered A/c
Cash A/c
Debtors A/c

Good worth Rs. 2,000 were distributed as free samples in the market. The journal entry will be______.

Drawings A/c Dr. 2000

To Purchases A/c 2000
Sales A/c Dr. 2000

To Cash A/c 2000
Advertisement A/c Dr 2000

To Purchases A/c 2000
No entry

Nominal Account relates to_________.

Drawings A/c
Impersonal A/c
Capital A/c
Bank A/c

Rent outstanding is _________

Nominal A/c
Personal A/c
Real A/c
Representative Personal A/c

Which one is one of these cash transactions?

Sold goods to Raghavan
Bought goods from Anand
Salaries paid
Loan borrowed from Bank

Atul purchased a car Rs. 5,00,000 , by making down payment of Rs.1,00,000 and signing a Rs. 4,00,000 bill payable due in 60 days. As a result of this transaction.

Total assets increase by Rs. 5,00,000
Total liabilities increase by Rs.4,00,000
Total assets increase by Rs. 4,00,000
Total assets increase by Rs. 4,00,000 with a corresponding increase in liabilites by Rs. 4,00,000

Commission received is an example of_________.

Real A/c
Personal A/c
Nominal A/c

________ is prepared in three copies.

Debit Note
Credit Note
Receipts
Invoice

The liabilities of a business are Rs.30,000, the Capital of the proprietor is Rs.70,000. The total assets are _____

Rs.70,000
Rs.1,00,000
Rs.40,000
Rs.50,000

Journal means___________

daily
monthly
yearly
weekly

Part - B

Generic 2 - Answer All Question

What do you mean by L.F.? How do you fill in this column?

What will be the amount of capital if cash is Rs 5,000; Furniture Rs 10,000; Stock Rs 20,000 and Creditors Rs 5,000?
What is meant by journalising?

What is the account to be debited and credited for the following transactions?
a) Sold goods and received amount through net banking
b) An amount paid through debit card for goods purchased.

Correct the following entries wherever you think:
Cash Purchases:
Cash A/c Dr.
To Sales A/c

Part - C

Generic 3 - Answer All Question

Write the transactions from the Journal Entries
Cash A/c Dr.
Discount Alc Dr.
To Aravind A/c

Classify the following items into real, personal and nominal accounts: (a) Capital, (b) Purchases, (c) Goodwill, (d) Copyright, (e) Latha, (f) State Bank of India, (g) Electricity charges, (h) Dividend, (I) Ramesh, (j) Outstanding rent.

Write the narration with reference to the following journal entries
In the books of shyam journal entries

Date Particulars L.F Debit Rs Credit Rs

2018

April 1 Cash A/c Dr 3,00,000

To Shyam's Capital A/c 3,00,000

(...........................................)

2 Bank A/c Dr 2,70,000

To Cash A/c 2,70,000

(...........................................)

Write the transactions from the Journal Entries.
Loss by fire A/c
To Purchases A/c
Show the accounting equation on the basis of the following:
(a) Started business with cash Rs 60,000
(b) Goods bought on credit from Ramesh Rs 20,000
(c) Purchased furniture for cash Rs 15,000
(d) Paid creditors by cash Rs 500

Part - D

Generic 5 - Answer All Question

Pearlita is a trader. She buys and sells electronic goods. She maintains double entry bookkeeping. She purchases and sells goods both on cash and credit bases. If the purchased goods are not in good condition, she sends them back to her supplier. At the same time, she also accepts if her customers return the goods sold to them, when the goods are not in good condition. She maintains a bank account for her business. She receives and pays money through bank transactions. Now, discuss on the following.

Journalise the following transactions in Mr. Ranganathan books. 2015, May

Date Rs.

1 Started business with 50,000

5 Bought goods from Chandrasekar on credit for 15,000

8 Sold goods to Nehru on credit for 25,000

10 Goods returned to Chandrasekar 500

15 Goods returned from Nehru 2,500

20 Settled Chandrasekar's account

25 Nehru settled his account

Journalise the following transactions of Mrs. Radha

2017 Jan Rs

1 Mrs. Radha commenced Business with cash 30,000

2 Paid into bank 21,000

3 Purchased goods by cheque 15,000

7 Drew cash from bank for office use 3,000

15 Purchased goods from Siva 15,000

20 Cash sales 30,000

25 Paid to Siva 14,750

Discount Received 250

31 Paid rent 500

Paid Salaries 2,000

Journalise the following in the Journal of Thiru. Gowri Shankar 2016

2016 Oct Rs

1 Received cash from Siva 75,000

7 Paid cash to Sayeed 45,000

10 Bought goods for cash 27,000

12 Bought goods on credit from David 48,000

15 Sold goods for cash 70,000

Arun is a trader dealing in automobiles. For the following transactions, pass journal entries for the month of January, 2018.

Jan. Rs

1. Commenced business with cash 90,000

2. Purchased goods from X and Co. on credit 40,000

3. Accepted bill drawn by X and Co. 20,000

4. Sold goods to D and Co. on credit 10,000

5. Paid by cash the bill drawn by X and Co. 5,000

6. Received cheque from D and Co. in full settlement
and deposited the same in bank. 9,000

7. Commission received in cash 5,000

8. Goods costing Rs 40,000 was sold and cash received 50,000

9. Salaries paid in cash 4,000

10. Building purchased from Kumar and Co. for Rs 1,00,000 and an advance
of Rs 20,000 is given in cash.

Comment

Add Comment

Tamilnadu Stateboardszs - Class