HSC Arts (English Medium) ११ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

Journalise the following transactions in the books of Hero Enterprises:

Balance on 1st April 2019

Cash at Bank ₹ 80,000, Sundry Debtors Ram ₹ 20,000, Rahim ₹ 30,000, Stock ₹ 55,000, Building ₹ 1,50,000.

Credit Balances on 1st April 2019
Sundry Creditors Swapna ₹ 20,000, Rohit ₹ 30,000, Bank Loan ₹ 50,000.

2019 April

1 Purchased goods worth ₹ 1,50,000 from Prashant & Co., less 10% Trade Discount.

4 Sold goods to Mr. Amit Sharma ₹ 70,000 at 10% Trade Discount on credit.

9 Purchased goods for cash ₹ 2,00,000 @ 28% GST amount paid by NEFT.

12 Sold Goods to Aditya Ray of ₹ 90,000 @ 28% GST.

15 Paid for Rent ₹ 5000 and Salary ₹ 18,000.

17 Paid for Proprietor’s house Rent ₹ 12,000.

20 Sold half of the goods purchased on 9th April at 20% Profit and 28% GST.

25 Paid for Wages ₹ 1,500.

25 Purchased Furniture ₹ 1,80,000 @ 12% GST and amount paid by RTGS.

28 Sold an old Furniture of ₹ 20,000 for ₹ 12,000.

30 Sold shares of ₹ 10,000 for ₹ 15,000 and the amount received by cheque.

Journalise the following transactions in the books of Harbhajan & Co. for the month of 1st April 2019:

Balance on 1st April 2019

Cash in hand ₹ 35,000, Cash at Bank ₹ 25,000, Furniture ₹ 1,50,000, Laptop ₹ 1,00,000

Debtors: Sangita ₹ 40,000, Viru ₹ 30,000

Creditors: Ganesh ₹ 10,000, Garima ₹ 40,000, Bank loan ₹ 50,000.

2019 April

1 Purchased goods from Ajay Kumar worth ₹ 2,50,000 at 10% Trade discount @ 18% GST and paid 1/4 amount in Cash.

5 Purchased shares of Infosys Company ₹ 50,000 and ₹ 500 paid as a brokerage for Demat A/c.

8 Sold goods to Raj worth ₹ 90,000 at 10% Trade discount and 1/3 amount received by cash and 5% cash discount is allowed.

12 Paid house rent of proprietor ₹ 9,000 and office rent ₹ 5,000.

15 Purchased Laptop of ₹ 60,000 @ 18% GST and paid amount by cheque.

20 Paid transport charges on the above Laptop ₹ 1,000 @ 18% GST.

25 Paid Commission ₹ 20,000 to Ram.

26 Paid Telephone Charges ₹ 1,000.

28 Transferred from private Bank A/c of proprietor to business Bank A/c ₹ 40,000.

30 Bought goods for ₹ 1,50,000 @ 12% as GST by cheque.

30 Exchanged our Furniture of ₹ 30,000 against a Motor car of the same value for business.

Journalise the following transactions in the books of Anand General Merchants.

Journalise the following transactions in the books of Anand General Merchants.

Answer the following question in one sentence:

Which transactions are recorded in the Journal Proper?

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Credit purchase of Machinery is recorded in the ______

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Entry for bad debts is recorded in the ______

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

The person who draws the cheque and signs on it is the ______.

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

A fixed amount is deposited for a fixed period in ______ deposit account.

State whether the following statement is True or False with reasons:

Journal is a book of secondary entry.

Complete the following sentence:

In Journal Proper, only ______ discount is recorded.

Complete the following sentence:

Assets sold on credit are entered in ______

Following is the extract of the Cash Book (Bank Column only) and passbook. Prepare Bank Reconciliation Statement as of 31st Oct. 2018.

In the books of ____________

In the books of Bank

From the following extract of Cash Book and Pass Book prepare Bank Reconciliation Statement as of 31st March 2019.

In the books of ____________

In the books of Bank

On 31st January 2018 Bank balance as per Cash Book was ₹ 40,000 but Pass Book was showing some other balances following were the causes of the difference.

1. Cheques were issued for ₹ 1,00,000 in January 2018 but cheques of ₹ 50,000 were only presented to the Bank for payment before January 31st, 2018

2. Cheques were sent to the Bank for collection of ₹ 2,00,000 out of which cheques of ₹ 80,000 were only credited by the Bank in January 2018.

3. Following entries were shown in the passbook in January 2018, but no corresponding entries were made in the Cash Book.

(i) Payment of ₹ 6,400 by Bank for Electricity Bill by ECS.

(ii) Interest credited by Bank ₹ 12,000

(iii) Bank debited commission ₹ 1,000 and Bank charges for ₹ 600.

(iv) Direct deposit made by customer ₹ 1,000 by NEFT to our account.

Prepare Bank Reconciliation Statement as of 31st January 2018.

In January 2018, the Pass Book of Mr. Girish Kumbhar showed a bank balance of ₹ 14,000. A comparison of the Cash Book with the Pass Book revealed the following.

1. Cheque deposited but not credited by Bank ₹ 10,000

2. Dividend on shares collected by Bank but not recorded in the Cash Book ₹ 1,000

3. Bank paid Insurance premium as per standing instruction by ECS ₹ 500, no corresponding entry was passed in the Cash Book.

4. Bank debited Commission ₹ 75.

5. A debit of ₹ 900 in respect of cheque dishonored appears in Pass Book only.

6. Cheque of ₹ 1,500 deposited into Bank wrongly recorded twice in the Cash Book.

7. Total cheques of ₹ 20,000 were issued during the month of January 2018, but cheques of ₹ 8,000 only were presented for payment in January 2018.

Prepare Bank Reconciliation Statement as of 31st January 2018.

Form the following details provided by Prasharit enterprises, prepare a Bank Reconciliation Statement as of 31st March 2018.

1. Overdraft as per Cash Book ₹ 28,000

2. Cheque issued of ₹ 2,000 and presented to Bank returned dishonored but the effect of dishonored is not recorded in the Cash Book.

3. Bank debited Bank charges ₹ 150.

4. Bank transferred ₹ 2,500 to the savings account of the proprietor but not recorded in the Cash Book.

5. Cheque issued to the supplier but not presented to Bank before 21st March 2018, ₹ 1,600

6. Cheques of ₹ 3,000 and ₹ 2,000 were deposited into Bank but cheques of ₹ 3,000 were only credited by Bank before 31st March 2018.

7. Out customer directly deposited ₹ 1,500 in our Bank account but wrongly recorded it in the cash column of the Cash Book.

8. Bank debited interest on overdraft ₹ 750.

Prepare Bank Reconciliation Statement as of 31st Dec. 2018

1. Debit balance as per pass book ₹ 16,000.
2. Customer directly deposited in our Bank account by NEFT ₹ 8,000.
3. Cheques deposited into Bank but not credited by Bank ₹ 10,500.
4. Pass Book shows a debit entry for Bank commission ₹ 300, not recorded in Cash Book.
5. A Bill of Exchange of ₹ 3,500 was discounted with the Bank in December 2018, returned dishonored in January 2019.
6. As per standing instructions Bank paid the Telephone bill of ₹ 650, not recorded in the Cash Book.
7. Cheque of ₹ 975 deposited into the Bank but wrongly recorded on ₹ 795 in Cash Book.

Select the most appropriate alternative from those given and rewrite the following statement:

Debiting an entry in Cash Book ___________ cash balance.