Test of Accounts

Chapter – Journal Entries

Total Marks : 20
Q 1. Enter the following transactions in the journal of Yash Raj & Sons: (4)

2023 Rs.
April 7 Sold goods for cash 13,000
9 Sold goods to Mahesh 15,000
12 Received cash from Mahesh 10,000
18 Sold goods to Suresh for cash 12,600
19 Sold goods to Suresh 7,000
24 Withdrew cash from office for personal use 2,500
29 Paid wages 450
30 Paid salary to Gopal 1,200
30 Received commission 200

Q 2. Give Journal entries for the following transactions in the books of Partap Rai & Sons. :- (6)

2023
April 2 Cash purchases 48,000
April 3 Sold goods to Vasudev 10,000
April 6 Returned defective goods by Vasudev 1,000
April 8 Received cash from Vasudev 8,800
and Discount allowed 200
April 9 Chanderkant sold goods to us 20,000
April 10 Pritam purchased goods from us 12,000
April 10 Paid insurance premium by cheque 500
April 12 Paid for Life Insurance Premium of Sh. Partap Rai by cheque 2,000
April 15 Paid Cash to Chanderkant 13,780
and Discount allowed by him 220
April 18 Bought goods from Pawan, list price 15,000 less 20% trade discount
April 22 Paid to Pawan 8,000
April 26 Received Cash from Pritam 6,000
April 30 Paid wages 2,000; Advertisement Expenses 2,500 and Salaries paid 9,000
April 30 Received Interest 500
April 30 Received Commission 2,000

Q 3. Pass journal entries for the following transactions in the journal of Himanshu Chauhan. (6)

2023
April 1 Himanshu Chauhan started business with cash 1,50,000 ; Furniture 10,000 and Goods 60,000.
April 4 Sold goods to Partap of the list price of 20,000 at trade discount of 10%.
April 6 Partap returned goods of list price of 2,000.

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April 10 Received from Partap 16,000 in full settlement of his account.
April 15 Purchased furniture for 12,000.
April 15 Purchased goods from Sahdev of the list price of 50,000 at 12% Trade Discount.
April 18 Returned goods to Sahdev of the list price of 4,000.
April 20 Cleared the account of Sahdev by paying cash at a discount of 5%.
April 21 Sold goods to Aakriti 20,000 and Shikha 32,000.
April 24 Received cash from Aakriti 19,600 in full settlement of her account.
Paid insurance premium 1,500 by cheque.
April 25 Paid 2,400 for insurance premium for proprietor by cheque.
April 26 Purchased goods for 16,000 for cash at a trade discount of 10% and cash discount of 2%.
April 27 Received full payment from Shikha at a discount of 5% in full settlement of his account.
April 28 Paid for advertisement 2,000, salaries 8,000 and rent 1,600.
April 30 Received Commission 1,000.

Q 4. Pass journal entries for the following: (4)

2023

March 1 Bought goods from Vishwas worth 1,00,000 at 20% trade discount and 5% cash discount. Paid
full amount at the time of purchase itself.

March 3 Bought goods from Trisha for 2,00,000 at 5% cash discount and 10% trade discount. Half of the
amount paid by cheque at the time of purchase.

March 4 Sold goods to Nupur for ₹50,000 at terms 4% cash discount and 20% trade discount. Half the
amount received by cash and balance half by cheque on the same day.

March 6 Sold goods to Anuradha for ₹1,00,000 on terms 10% trade discount and 5% cash discount if the
payment is received within fifteen days. 80% payment is received on March 18th by cheque.

March 20 Sold goods to Sudha for ₹1,00,000 at 20% trade discount and 10% cash discount if the
payment is received within ten days. She paid half the amount on March 26th and 30% of the remainder
on March 31st.

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 Answer Key
Ans 1.

Date Particular L.F. Amount Dr. Amount Cr.

2023 Cash A/c Dr. 13,000
April 7 To Sales A/c 13,000
(Goods sold for Cash)
April 9 Mahesh A/c Dr. 15,000
To Sales A/c 15,000
(Goods sold to Mahesh on credit)
April 12 Cash A/c Dr. 10,000
To Mahesh 10,000
(Cash received from Mahesh)
April 18 Cash A/c Dr. 12,600
To Sales 12,600
(Goods sold for cash)
April 19 Suresh A/c Dr. 7,000
To Sales 7,000
(Goods sold to Suresh on credit)
April 24 Drawings A/c Dr. 2,500
To Cash A/c 2,500
(Amount withdrew for personal
use)
April 29 Wages A/c Dr. 450
To Cash A/c 450
(Wages Paid)
April 30 Salary A/c Dr. 1,200
To Cash A/c 1,200
(Salary Paid)
April 30 Cash A/c Dr. 200
To Commission Received 200
(Commission received)
Total 61,950 61,950

Ans 2.

Date Particular L.F. Amount Dr. Amount Cr.

2023 Purchases A/c Dr. 48,000
Apr 2 To Cash A/c 48,000
(Goods purchase for cash)
Apr 3 Vasudev Dr. 10,000
To Sales A/c 10,000
(Goods sold to Vasudev)
Apr 6 Sales return A/c Dr. 1,000
To Vasudev 1,000
(Goods returned by Vasudev)

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Apr 8 Cash A/c Dr. 8,800
Discount Allowed A/c Dr. 200
To Vasudev 9,000
(Cash received from Vasudev and
discount allowed)
Apr 9 Purchases A/c Dr. 20,000
To Chander Kant 20,000
(Goods purchase from Chander Kant)
Apr 10 Pritam Dr. 12,000
To Sales A/c 12,000
(Goods sold to Pritam)
Apr 10 Insurance premium A/c Dr. 500
To Bank A/c 500
(Insurance Premium Paid)
Apr 12 Drawings A/c Dr. 2,000
To Bank A/c 2,000
(Life Insurance premium paid)
Apr 15 Chanderkant Dr. 14,000
To Cash A/c 13,780
To Discount 220
(Cash paid to chanderkant and
discount received)
Apr 18 Purchases A/c Dr. 12,000
To Pawan 12,000
(Goods purchased less trade
discount)
Apr 22 Pawan A/c Dr. 8,000
To Cash A/c 8,000
(Amount paid to Pawan)
Apr 26 Cash A/c Dr. 6,0000
To Pritam 6,000
(Cash received)
Apr 30 Wages A/c Dr. 2,000
Advertisement Expenses A/c Dr. 2,500
Salaries A/c Dr. 9000
To Cash A/c 13,500
Apr 30 Cash A/c Dr. 2,500
To Interest Received A/c 500
To Commission Received A/c 2,000
(Income received)

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Ans 3. Journal of Himanshu Chauhan

Date Particular L.F. Amount ₹ Amount ₹

2023 ₹ ₹
April 1 Cash A/c Dr. 1,50,000
Furniture A/c Dr. 10,000
Purchase A/c (on stock A/c) Dr. 60,000
To capital A/c 2,20,000
(Business stated with cash, furniture & goods)

“4 Partap Dr. 18,000

To sales A/c 18,000
(goods of the list price of ₹20,000 sold at 10%
discount)

Sales returns A/c Dr. 1,800

“6 To partap 1,800
(goods returned for ₹2,000 less 10% trade
discount)

Cash A/c Dr.

16,000
Discount allowed A/c (note 1) Dr.
“ 10 200
To partap
16,200
(cash received from partap and discount allowed
to him)

Furniture A/c Dr.

To Cash A/c 12,000
“ 15 (Furniture purchased for cash) 12,000

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 Purchases A/c Dr. 44,000
“ 15 To Sahdev 44,000
(Goods of the list price ₹50,000 purchased at 12%
trade discount)

Sahdev Dr.
3,520
To purchases Returns A/c
“ 18 3,520
(goods returned for ₹4,000 less 12% trade
discount)

Sahdev Dr.
“20 To cash A/c 40,480

To discount received A/c 38,456

(cash paid to Sahdev and discount received) 2,024

Aakriti Dr.
“ 21 20,000
Shikha Dr.
To sales 32,000

( goods sold on credit) 52,000

Cash A/c Dr.

Discount allowed A/c Dr. 19,600
“ 24 (cash received and discount allowed) 400
20,000

C/F 4,28,000 4,28,000

B/F 4,28,000 4,28,000

“ 24 Insurance expenses A/c Dr. 1,500

To bank A/c 1,500
(insurance premium paid)

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“ 25 Drawings A/c Dr. 2,400
To bank A/c 2,400
(paid for insurance premium for proprietor)

Purchases A/c Dr. 14,400

“ 26 To cash A/c 14,112
To discount received A/c 288
(goods purchased at 10% trade discount and 2%
cash)

Cash A/c Dr.

30,400
Discount allowed A/c Dr.
“ 27 1,600
To Shikha
32,000
(cash received and discount allowed)

Advertisement expenses A/c Dr.

2,000
Salaries A/c Dr.
8,000
Rent A/c Dr.
“ 28 1,600
To cash A/c
11,600
(expenses paid)

Cash A/c Dr.

“ 30 1,000
To commission received A/c
1,000
(commission received)

Total ₹ 4,90,000 4,90,000

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Ans 4.

Date Particular L.F. Amount Dr. Amount Cr.

2023 Purchases A/c Dr. 80,000
March 1 To Cash A/c 76,000
To Discount Received A/c 4000
(Goods purchased from Vishwas at
20% trade discount and 5% cash
discount)
March 3 Purchases A/c Dr. 1,80,000
To Bank A/c 85,500
To Discount Received 4,500
To Trisha 90,000
(Goods Purchased from Trisha at
10% trade discount and at 5% cash
discount on Half of the amount paid
March 4 Cash A/c Dr. 19,200
Bank A/c Dr. 19,200
Discount allowed A/c 1,600
To Sales A/c 40,000
(Sold goods to Nupur at 20% trade
discount and 4% cash discount)
March 6 Anuradha A/c Dr. 90,000
To Sales A/c 90,000
(Sold goods at 10% trade discount)
March 18 Bank A/c Dr. 68,400
Discount Allowed A/c Dr. 3,600
To Anuradha 72,000
(80% amount due from Anuradha
received after allowing 5% cash
discount)
March 20 Sudha A/c Dr. 80,000
To Sales A/c 80,000
(Sold goods at 20% trade discount)
March 26 Cash A/c Dr. 36,000
Discount Allowed A/c Dr. 4,000
To Sudha 40,000
(half of the amount due from Sudha
received after allowing 10% Cash
discount)

March 31 Cash A/c Dr. 12,000

To Sudha 12,000

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(Receipts of 30% of the remainder
amount of Rs. 40,000)