G. D.

GOENKA INTERNATIONAL SCHOOL

DATE: 1/7/2024 WORKSHEET
CLASS: XI / DIV: SUBJECT: ACCOUNTANCY
TOTAL NO. OF PAGES: SUB. CODE: 055

Name: ____________________________________________________ Roll No.: ________

No. QUESTIONS
A. SIMPLE JOURNAL ENTERIES
1. 1. Pass necessary Journal entries for the following transactions:

2024 (Rs.)

April 1 Business started with cash 2,40,000

April 2 Goods purchased for cash 60,000
April 3 Goods purchased from Darsh on credit 72,000
April 5 Goods sold to Samir on credit 36,000
April 7 Goods returned to Darsh 48,000
April 9 Goods returned by Samir 5,600
April 10 Cash paid to Arnav 24,000
April 12 Commission received 10,800
April 15 Furniture purchased 28,000
April 16 Rent paid to Amit 20,000
April 19 Sold goods to Shiva for cash 24,000
April 24 Cash Sales 28,000
April 30 Cash received from Samir on account 20,000
April 30 Salaries paid 40,000
May 2 Purchased furniture from Ikea for cash 40,000
May 5 Deposited in bank 1,20,000
May 12 Purchased goods from Raju 16,000
May 19 Withdrew from bank for office use 20,000
May 20 Karishma paid on account 20,000
May 24 Paid rent for residence 24,000
May 30 Purchased a cycle for his son 12,000
May 30 Paid to Raju in settlement of his account 15,200
June 8 Purchased good from Mohan for cash 28,000
June 12 Sold goods to Naveen for cash 6,000
June 18 Machinery purchased from Sumit 32,000
June 19 Paid to Hari on account 20,000
GDGIS, SURAT. ACCOUNTANCY, CLASS - XI (PRACTICE WORKSHEET) PAGE 1 of 3
 June 25 Cash withdrawn for Personal use 20,000
June 30 Old newspaper sold 800
June 30 Received loan from Malik and deposited in bank 2,00,000
2. B. COMPOUD JOURNAL ENTRIES

1. Pass necessary Journal entries for the following transactions:

2024
June 5 Paid salaries Rs. 40,000 rent Rs. 10,000 and wages Rs. 12,000
by cheques.
June 7 Purchased goods from Om for Rs. 60,000 at 10% trade discount
and 2% cash discount. Payment was made immediately.
June 15 Paid to Rakesh Rs. 10,000 in cash and Rs. 14,000 by cheque.
June 18 Goods sold to Rita for Rs. 10,000 at 20% Trade discount and 3%
Cash Discount. Half of the payment was received immediately.
June 20 Goods sold to Suresh for Rs. 16,000. He paid Rs. 10,000 by
cheque immediately.
June 25 Additional capital introduced as: cash Rs. 20,000 and Delivery
Van (Personal asset) of Rs. 1,00,000.
June 26 Cash paid to Amit Rs. 1950. Discount received Rs. 50.
June 30 Paid to Lakshman Rs. 2000 in cash and Rs. 4000 by cheque.
June 30 Paid Rs. 9,600 to Munna in settlement of his account for Rs.
10,000.
3. A. Bad Debts and Bad Debts Recovered
1. Pass necessary Journal entries for the following transactions:

2024
July 1 Raman is declared insolvent. Received first and final dividend from
his official Receiver 25 paise in a rupee against a debt of Rs. 2,500.
July 2 Rs. 4,000 due from Mahindra is not recoverable.
July 3 Ajay, who owed Rs. 7,500 became insolvent and 50 % is received
from his estate.
July 5 Received Rs. 5,000 in cash from Shyamlal for bad debts written off
last year.
4. C. Banking Transactions
1. Pass necessary Journal entries for the following transactions:
Date Rs.

April 1 Deposited in Bank for opening a Current Account 20,000

April 2 Withdrawn from bank 10,000
GDGIS, SURAT. ACCOUNTANCY, CLASS - XI (PRACTICE WORKSHEET) PAGE 2 of 3
 April 5 Received a cheque from Sonu to whom goods were
sold last year for Rs. 24,000 last year. Allowed him
1% discount on payment.
April 7 Sonu’s cheque deposited in bank.
April 9 Sonu’s cheque dishonored (bank charges Rs. 40)
April 16 Charges debited by bank 800
April 17 Goods sold and sale proceeds deposited in bank. 16,000
April 19 Bank has paid insurance premium as per our 3,600
standing instructions.
April 20 Sonu settled his account by issuing cheque including 24,160
Rs 120 for interest
April 21 Cash directly deposited by Mr. Malhotra (Customer) 16,000
in bank account
April 23 Bank draft got issued in favor of M/s Verma & Sons
Rs. 10,000. Bank charges 1,400
April 25 Dividend collected by Bank 5,000
April 28 A bill exchange of Rs. 8,000 (due after one month)
discounted from bank for Rs. 7,600
April 30 Bank charges debited by bank 800
April 30 Goods sold for cash Rs. 14,000 and half of the sale
proceeds deposited in bank

----------- ALL THE BEST -----------

GDGIS, SURAT. ACCOUNTANCY, CLASS - XI (PRACTICE WORKSHEET) PAGE 3 of 3