Author: Shubham

Question No 29 Chapter No 5 29. Give the journal entries assuming that the narration in each case is correct: Date Particular   LF. Amount(Dr.) Amount(Cr.) 2020           Mar.1 Bricks A/c Dr.   2,00,000     Read More …

Question No 28 Chapter No 5 28. Give the journal entries corresponding to narration given below: Date Particular   LF. Amount(Dr.) Amount(Cr.) Apr.5   Dr.         To Bank A/c           To      Read More …

Question No 27 Chapter No 5 27.Journalise the following: 2018   Apr.1 Purchased goods for 1,00,000 from Manoj and availed discount of 10,000 Apr.2 Paid amount due to Manoj by cheque and availed discount of 4,500 Apr.5 Cash 5,000 paid Read More …

Question No 26 Chapter No 5 26.Journalise the following: i Received a V.P.P. from Mohan Lal for 25,000. Sent a peon to collect it who paid 200 as cartage. ii Received 1,000 from sales of old newspapers and 5,000 from Read More …

Question No 25 Chapter No 5 25.Journalise the following:     1 Purchased goods for 25,000 for Cash and paid 200 for carriage on these goods. 2 Purchased goods for 40,000 on Credit from Sudhir and paid 500 for carriage Read More …

Question No 24 Chapter No 5 24. Journalise the following:− 2018   Mar.4 Purchased building for 1,50,000 and incurred expenses of 10,000 on its purchase. Mar.10  Satish who owed us 20,000 is declared insolvent and 60 paise per is received Read More …

Question No 23 Chapter No 5 23. Journalise the following transactions in the books of Kanishk Traders: i Sold goods costing 1,20,000 to Charu at a profit of 33 1/3 “Type equation here.” % on cost less 15% Trade Discount Read More …

Question No 22 Chapter No 5 22. Journalise the following transactions in the Journal of Navin Gupta & Sons.:- 1 Out of Insurance premium paid this year, 15,000 is related to next year. 2 Credit purchases from Ram & Co. Read More …

Question No 21 Chapter No 5 21. Tanishk Traders deal in Motor Cars. Record the following transaction in their journal:- (i) Purchased 4 Motor cars @Rs 1,20,000 each from Maruti Ltd. For stock (ii) Purchased 1 Motor car for Rs Read More …

Question No 20 Chapter No 5 20.Pass Journal entries for the following transactions:− a Proprietor withdrew for private use 10,000 from bank b Goods costing 50,000 were burnt by fire. c Purchased machinery for cash 1,50,000 and paid 2,000 on Read More …