2nd PRELIM

 

 

XI.Com Marks 70 Time 3 Hours

 

Q1:      Journalise the following transactions in the books of Rajkumar Grocery Seller. (10)

 

2019

April 1 Rajkumar started business with Cash ` 2,00,000, Building ` 2,00,000.

4          Deposited Cash into Dena bank ` 50,000

7          Purchased Computer from Brijesh of ` 30,000 @ 18% GST and paid by Cheque.

10        Cash sales ` 90,000

12        Goods sold on credit to Ganesh ` 10,000 at 5% Trade Discount.

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15        Ganesh returned goods of ` 950

18        Goods taken by Rajkumar for his personal use ` 1,000

20        Paid Telephone Charges ` 500 and Taxi Fare ` 200 and carriage of ` 700

24        Paid Audit Fees ` 5,000 by Cheque.

26        Purchased Furniture of ` 70,000 and amount paid by cheque @ 12% GST.

 

Q2: Journalise the following transactions in the books of Virat traders, open necessary ledger accounts and balance the accounts                                                                            (15)

 

2019

March

1          Virat started business with Cash ` 50,000, Cash at Bank of India ` 70,000,

3          Purchased goods from Rohit worth ` 10,000 less 10% T.D.

7          Sold goods to Sunil ` 5,000 less 5% T.D.

10        Deposited Cash with Bank of India ` 5,000

17        Paid Printing expenses ` 200

20        Received Commission ` 200

25        Withdrew Cash from Bank ` 1000 by ATM

30        Paid Advertisement bill ` 500.

 

 

Q3:      Enter the following transactions in a simple cash book of Shri  Vishwas.       (10)

 

Mar.    2018

1.         Opening cash balance `6,000/-

2.         Introduced further cash `5,000/-

4.         Deposited `4,000/- into bank.

5.         Received from Suman `1,000/-.

7.         Cash Purchases `7,000/-.

9.         Purchased furniture `2,000/-.

10.       Cash sales `4,000/-

11.       Paid `2,000 to Anand.

14.       Paid salaries `1,500/-

17.       Paid Rent `150/-

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18.       Received commission `500/-.

19.       Withdrew from bank `1,500 for office use.

22.       Withdrew `500 for personal use.

24.       Paid `200 for life insurance premium.

31.       Deposited all cash in excess of `300.

 

 

Q4:      Record the following transactions in a cash book with Cash and Bank columns for Sai Traders.                                                                                                                    (15)

Jun     2018

1.         Started business with cash `40,000 and Bank balance `50,000.

2.         Purchased goods for cash `2,000

5.       Paid to Ganesh by cheque `550

 7.       Purchased furniture for cash `1,000.

 10.      Deposited into bank `1,500.

18.        Paid to Mr. Sunil Rs.750

24.      Received commission by crossed cheque  `800.

25.      Bank paid insurance premium under our standing instructions `2,000 and collected interest on investment ` 1,500.

26.      Withdrawn cash `1,000 from bank for office use.

30.     Sold goods for  `2,000 and amount received by cheque and cheque deposited in to Bank. 

 

Q5:      Record the following transactions in analytical Petty cash Book under imprest system

2019                                                                                                                                                   (10)

Jan.1        Balance with Petty cashier  ` 140.

1.               Received  a cheque of ` 1860 from chief Cashier.

4.               Paid for tea and refreshment ` 100.

6.               Paid taxi fare ` 150.

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8.               Paid for telephone charges ` 250.

10.             Paid for advertisement ` 125.

12.             Paid advance to office peon Mr. Ram Singh ` 300.

14.             Purchased 5 office files @ ` 25 each.

18.             Paid for printing charges ` 100.

22.             Paid to sweeper ` 50.

25.             Gave tips to peon ` 51.

 

Q6:      Enter the following transactions of M/s Mahesh in purchase Book, Sales Book, Purchase Return Book, Sales Return Book.                                                                          (10)

2012

Jan.1  Sold goods to Varsha Stores ` 29,000 at 10% trade discount.

3.         Purchased goods from Meghdoot Traders ` 37,350 and paid carriage ` 150.

6.         Varsha Stores returned goods of ` 3,220 (Net)

10.       Cash purchases ` 18,600 and Cash Sales ` 61,000

13.       Jayesh invoices goods to us as per our order placed on 28th Dec. 2011 ` 27,000.

17.       Sold goods worth ` 33,400 to Divya at 10% trade discount.

20.       Returned goods to Jayesh ` 2,850 as they were defective.

22.       Credit purchases from Micky Traders ` 19,450 and they allowed a trade discount of

` 150.

23.       Divya retuned 20 of the goods and we gave her fresh goods in exchange.

26.       Purchased office furniture on credit from Sahani furniture mart ` 55,000

 

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