sample question paper and solution of accounts class 11

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Problem - 1

Mr. Nirmal has the following transactions in the month of April.
Write Journal Entries for the transactions.
10th April:Commenced business with a capital of 1,00,000
11th April:Purchased goods from Veeru for 20,000
13th April:Purchased Goods for Cash 15,000
14th April:Purchased Goods from Abhiram for cash 9,000
16th April:Bought Goods from Shyam on credit 12,000
17th April:Sold goods worth 15,000 to Tarun
19th April:Sold goods for cash 20,000
20th April:Sold goods to Utsav for cash 6,000
21st April:Sold goods to Pranav on credit 17,000
22nd April:Returned goods to Veeru 3,000
23rd April:Goods returned from Tarun 1,000
25th April:Goods taken by the proprietor for personal use 1,000
26th April:Bought Land for 50,000
27th April:Purchased machinery for cash 45,000
28th April:Bought computer from Intel Computers for 25,000
28th April:Cash sales 15,000
29th April:Cash purchases 22,000
30th April:Bought furniture for proprietor's residence and paid cash 10,000

Solution hide

Journal in the books of Mr. Nirmal for the period from 1st to 30th April
DateV/R
No.		ParticularsL/FAmount
(Dr)		Amount
(Cr)
April 10th–Cash a/c
To Capital a/c
Dr–
–		1,00,000
1,00,000
[Being the amount received from Mr. Nirmal in cash, the proprietor as his capital contribution vide receipt no:__ dated:__]
11th–Goods/Stock a/c
To Veeru a/c
Dr–
–		20,000
20,000
[Being the value of stock purchased from Mr. Veeru on credit vide bill no:___ dated:__]
13th–Goods/Stock a/c
To Cash a/c
Dr–
–		15,000
15,000
[Being the value of stock purchased for cash from M/s ___ vide bill no:___ dated:__]
14th–Goods/Stock a/c
To Cash a/c
Dr–
–		9,000
9,000
[Being the value of stock purchased for cash from Mr. Abhiram vide bill no:___ dated:__]
16th–Goods/Stock a/c
To Shyam a/c
Dr–
–		12,000
12,000
[Being the value of stock purchased from Mr. Shyam on credit vide bill no:___ dated:__]
17th–Tarun a/c
To Goods/Stock a/c
Dr–
–		15,000
15,000
[Being the value of stock sold on credit to Mr. Tarun vide invoice no:___ dated:__]
19th–Cash a/c
To Goods/Stock a/c
Dr–
–		20,000
20,000
[Being the value of goods sold for cash vide receipt no:___ dated:__]
20th–Cash a/c
To Goods/Stock a/c
Dr–
–		6,000
6,000
[Being the value of stock sold to Mr. Utsav for cash vide receipt no:___ dated:__]
21st–Pranav a/c
To Goods/Stock a/c
Dr–
–		17,000
17,000
[Being the value of stock sold to Mr. Pranav on credit vide bill no:___ dated:__]
22nd–Veeru a/c
To Goods/Stock a/c
Dr–
–		3,000
3,000
[Being the value of goods returned to Mr. Veeru vide returns bill no:___ dated:__]
23rd–Goods/Stock a/c
To Tarun a/c
Dr–
–		1,000
1,000
[Being the value of stock returned by Mr. Tarun vide returns bill no:___ dated:__]
25rd–Drawings a/c
To Goods/Stock a/c
Dr–
–		1,000
1,000
[Being the value of stock taken by the proprietor vide bill no:___ dated:__]
26th–Land a/c
To Cash a/c
Dr–
–		50,000
50,000
[Being the amount paid for land purchased on:__]
27th–Machinery a/c
To Cash a/c
Dr–
–		45,000
45,000
[Being the amount paid for the purchase of machinery vide bill no:___ dated:__]
28th–Computers a/c
To Intel Computers a/c
Dr–
–		25,000
25,000
[Being the value of a computer purchased from M/S Intel Computers on credit vide bill no:___ dated:__]
29th–Cash a/c
To Goods/Stock a/c
Dr–
–		15,000
15,000
[Being the value of stock sold for cash vide receipt no:___ dated:__]
29th–Goods/Stock a/c
To Cash a/c
Dr–
–		22,000
22,000
[Being the value of stock purchased for cash vide bill no:___ dated:__]
30th–Drawings a/c
To Cash a/c
Dr–
–		10,000
10,000
[Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ dated:__]

Problem - 2

Journalise the following transactions in the books of Rama & Sons
3rd May:Cash deposited into bank 60,000
4th May:Loan given to Bhuvan 20,000
4th May:Paid cash to Veeru 20,000
5th May:Paid to Veeru by cheque 15,000
5th May:Cash received from Tarun 12,000
5th May:Took loan from Anush 15,000
6th May:Cheque received from Pranav 15,000
6th May:Paid to Intel Computers by cheque 17,000
6th May:Withdrew from bank 5,000
7th May:Withdrew from bank for office use 8,000
7th May:Cash received from Bhuvan on loan account 10,000
8th May:Withdrew from bank for personal use 1,000
8th May:Cash taken by proprietor for personal use 3,000
9th May:Bought furniture and paid by cheque 15,000
9th May:Paid to Anush by cheque on loan account 5,000
9th May:Brought additional capital of 25,000

Solution hide

Journal in the books of M/s Rama & Sons
for the period from 1st May to 10th May
DateV/R
No.		ParticularsL/FAmount
(Dr)		Amount
(Cr)
May 3rd–Bank a/c
To Cash a/c
Dr–
–		60,000
60,000
[Being the amount of cash deposited into bank vide voucher no:___ dated:__]
4th–Loan to Bhuvan a/c
To Cash a/c
Dr–
–		20,000
20,000
[Being the amount of cash given as loan to Bhuvan vide voucher no:___ dated:__]
4th–Veeru a/c
To Cash a/c
Dr–
–		20,000
20,000
[Being the amount of cash paid to Veeru vide voucher no:___ dated:__]
5th–Veeru a/c
To Bank a/c
Dr–
–		15,000
15,000
[Being the amount paid to veeru on account by cheque no. ___ dated ___]
5th–Cash a/c
To Tarun a/c
Dr–
–		12,000
12,000
[Being the amount of cash received from Tarun vide cash receipt no:___ dated:__]
5th–Cash a/c
To Loan from Anush a/c
Dr–
–		15,000
15,000
[Being the amount of loan taken from Anush on:__]
6th–Bank a/c
To Pranav a/c
Dr–
–		15,000
15,000
[Being the amount received by cheque no. ____ date ____from Pranav]
6th–Intel Computers a/c
To Bank a/c
Dr–
–		17,000
17,000
[Being the amount paid by cheque no. ____ date ____to Intel Computers]
6th–Cash a/c
To Bank a/c
Dr–
–		5,000
5,000
[Being the amount of cash withdrawn from bank]
7th–Cash a/c
To Bank a/c
Dr–
–		8,000
8,000
[Being the amount of cash withdrawn from bank vide bill no:___ dated:__]
7th–Cash a/c
To Loan to Bhuvan a/c
Dr–
–		10,000
10,000
[Being the amount of cash received from Bhuvan as loan vide cash receipt no:___ dated:__]
8th–Drawings a/c
To Bank a/c
Dr–
–		1,000
1,000
[Being the amount of withdrawn from bank for personal use vide cheque no:___ dated:__]
8th–Drawings a/c
To Cash a/c
Dr–
–		3,000
3,000
[Being the amount of cash taken by the proprietor for personal purposes vide voucher no:___ dated:__]
9th–Furniture a/c
To Bank a/c
Dr–
–		15,000
15,000
[Being the amount paid by cheque no ____ date ____ towards the purchase of furniture vide bill no:___ dated:__]
9th–Loan from Anush a/c
To Bank a/c
Dr–
–		5,000
5,000
[Being the amount paid by cheque no ____ date ____ towards repayment of loan from Anush vide voucher no:___ dated:__]
9th–Cash a/c
To Capital a/c
Dr–
–		25,000
25,000
[Being the amount received from proprietor as capital vide cash receipt no:___ dated:__]

Problem - 3

Write journal entries in the books of Chikky & Bros.
10th June:Paid wages 12,000
11th June:paid rent by cheque 10,000
13th June:Paid salary to Mr. Charan 12,000
14th June:Purchased stationery from Kagaz & Co. and paid by cheque 5,000
15th June:Received interest 14,000
17th June:Received commission by cheque 6,000
18th June:Rent received from Mr. Mody 8,000
19th June:Interest received from Mr.Bijju by cheque 10,000
20th June:Carriage paid on purchase of goods 3,000
22nd June:Carriage paid on sale of goods 2,000

Solution hide

Journal in the books of M/s Chikky & Bros.
for the period from 1st June to 30th June
DateV/R
No.		ParticularsL/FAmount
(Dr)		Amount
(Cr)
June 10th–Wages a/c
To Cash a/c
Dr–
–		12,000
12,000
[Being the amount of cash paid towards wages vide voucher no:___ dated:__]
11th–Rent paid a/c
To Bank a/c
Dr–
–		10,000
10,000
[Being the amount paid by cheque no.____ date ____ towards rent vide voucher no:___ dated:__]
13th–Salaries a/c
To Cash a/c
Dr–
–		12,000
12,000
[Being the amount of cash paid towards Salary to Mr. Charan vide voucher no:___ dated:__]
14th–Stationery a/c
To Bank a/c
Dr–
–		5,000
5,000
[Being the amount paid by cheque no.____ date ____ towards stationery purchased from Kagaz & co. vide voucher no:___ dated:__]
15th–Cash a/c
To Interest Received a/c
Dr–
–		14,000
14,000
[Being the amount of cash received towards interest vide receipt no:___ dated:__]
17th–Bank a/c
To Commission Received a/c
Dr–
–		6,000
6,000
[Being the amount received by cheque no. ____ date____ towards commission vide receipt no:___ dated:__]
18th–Cash a/c
To Rent Received a/c
Dr–
–		8,000
8,000
[Being the amount of cash received towards rent from Mr. Mody vide receipt no:___ dated:__]
19th–Bank a/c
To Interest Received a/c
Dr–
–		10,000
10,000
[Being the amount received by cheque no. ____ date____ towards interest from Bijju vide receipt no:___ dated:__]
20th–Carriage Outwards a/c
To Cash a/c
Dr–
–		3,000
3,000
[Being the amount of cash paid towards carriage on goods purchased vide voucher no:___ dated:__]
22nd–Carriage Inwards a/c
To Cash a/c
Dr–
–		2,000
2,000
[Being the amount of cash paid towards carriage on goods sold vide voucher no:___ dated:__]

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