Maharashtra State BoardHSC Commerce 11th
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Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 3 - Journal [Latest edition]

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Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board - Shaalaa.com

Chapter 3: Journal

Exercise Q.1Exercise Q.2[Exercise Q.3[Exercise Q.4[Exercise Q.5Exercise Q.6[Exercise Q.7
Exercise Q.1 [Page 81]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal Exercise Q.1 [Page 81]

Exercise Q.1 | Q 1 | Page 81

Answer in One Sentence:
What is Journal ?

Exercise Q.1 | Q 2 | Page 81

Answer in One Sentence:
What is Narration?

Exercise Q.1 | Q 3 | Page 81

Answer in One Sentence:
What is GST?

Exercise Q.1 | Q 4 | Page 81

Answer in One Sentence:
In which year GST was imposed by the Central Government of India?

Exercise Q.1 | Q 5 | Page 81

Answer in One Sentence:
What is meant by simple entry ?

Exercise Q.1 | Q 6 | Page 81

Answer in One Sentence:
What is the meaning of Combined Entry?

Exercise Q.1 | Q 7 | Page 81

Answer in One Sentence:
Which account is debited, when rent is paid by debit card?

Exercise Q.1 | Q 8 | Page 81

Answer in One Sentence:
Which discount is not recorded in the books of account?

Exercise Q.1 | Q 9 | Page 81

Answer in One Sentence:
In which order monthly transactions are recorded in a journal?

Exercise Q.1 | Q 10 | Page 81

Answer in One Sentence:
Which account is credited, when goods are sold on credit?

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Exercise Q.2 [Page 81]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal Exercise Q.2 [Page 81]

Exercise Q.2 | Q 1 | Page 81

Give one word/term or phrase for the following statement:
A book of prime entry.

Exercise Q.2 | Q 2 | Page 81

Give one word/term or phrase for the following statement:
The tax imposed by Central Government on Goods and Services

Exercise Q.2 | Q 3 | Page 81

Give one word/term or phrase for the following statement:
Brief explanation of an entry.

Exercise Q.2 | Q 4 | Page 81

Give one word/term or phrase for the following statement:
The process of recording transactions in the Journal.

Exercise Q.2 | Q 5 | Page 81

Give one word/term or phrase for the following statement:
The French word from which the word Journal is derived.

Exercise Q.2 | Q 6 | Page 81

Give one word/term or phrase for the following statement:
Concession given for immediate payment.

Exercise Q.2 | Q 7 | Page 81

Give one word/term or phrase for the following statement:
Entry in which more than one accounts are to debited or credited.

Exercise Q.2 | Q 8 | Page 81

Give one word/term or phrase for the following statement:
Anything taken by proprietor from business for his private use.

Exercise Q.2 | Q 9 | Page 81

Give one word/term or phrase for the following statement:
Tax payable to the Government on purchase of goods.

Exercise Q.2 | Q 10 | Page 81

Give one word/term or phrase for the following statement:
Page number of the ledger.

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[Exercise Q.3 [Pages 81 - 82]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal [Exercise Q.3 [Pages 81 - 82]

[Exercise Q.3 | Q 1 | Page 81

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
_________ means explanation of the transactions recorded in the Journal.

  • Narration

  • Journalising

  • posting

  • Casting

[Exercise Q.3 | Q 2 | Page 81

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
_________ discount is not recorded in the books of accounts.

  • Trade

  • Cash

  • GST

  • VAT

[Exercise Q.3 | Q 3 | Page 81

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Recording of transaction in Journal is called ______.

  • posting

  • journalising

  • narration

  • prime entry

[Exercise Q.3 | Q 4 | Page 81

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Every Journal entry require ______.

  • casting

  • posting

  • narration

  • journalising

[Exercise Q.3 | Q 5 | Page 81

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
The ______ column of the Journal is not recorded at the time of journalising

  • date

  • particulars

  • ledger folio

  • amount

[Exercise Q.3 | Q 6 | Page 82

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Goods sold on credit should be debited to _________.

  • purchase A/c

  • customer A/c

  • sales A/c

  • cash A/c

[Exercise Q.3 | Q 7 | Page 82

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Wages paid for installation of Machinery should be debited to _________

  • wages A/c

  • machinery A/c

  • cash A/c

  • Installation A/c

[Exercise Q.3 | Q 8 | Page 82

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
The commission paid to the agent should be debited to _________

  • drawing A/c

  • cash A/c

  • commission A/c

  • Agent A/c

[Exercise Q.3 | Q 9 | Page 82

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Loan taken from Dena Bank should be credited to ________

  • Capital A/c

  • Dena Bank A/c

  • Cash A/c

  • Dena Bank Loan A/c

[Exercise Q.3 | Q 10 | Page 82

Select the most appropriate alternative from the alternatives given below and rewrite the statement.
Purchase of animals for cash should be debited to ________

  • Live stock A/c

  • Goods A/c

  • Cash A/c

  • Bank A/c

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[Exercise Q.4 [Page 82]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal [Exercise Q.4 [Page 82]

[Exercise Q.4 | Q 1 | Page 82

State whether the following statement is True or False with reasons.
Narration is not required for each and every entry.

  • True

  • False

[Exercise Q.4 | Q 2 | Page 82

State whether the following statement is True or False with reasons.
A journal voucher is must for all transactions recorded in the journal.

  • True

  • False

[Exercise Q.4 | Q 3 | Page 82

State whether the following statement is True or False with reasons.
Cash discount allowed should be debited to discount A/c.

  • True

  • False

[Exercise Q.4 | Q 4 | Page 82

State whether the following statement is True or False with reasons.
Journal is a book of prime entry.

  • True

  • False

[Exercise Q.4 | Q 5 | Page 82

State whether the following statement is True or False with reasons.
Trade discount is recorded in the books of accounts.

  • True

  • False

[Exercise Q.4 | Q 6 | Page 82

State whether the following statement is True or False with reasons.
Goods lost by theft is debited to goods A/c.

  • True

  • False

[Exercise Q.4 | Q 7 | Page 82

State whether the following statement is True or False with reasons.
If rent is paid to landlord, landlord's A/c should be debited.

  • True

  • False

[Exercise Q.4 | Q 8 | Page 82

State whether the following statement is True or False with reasons.
Book Keeping records monetary and non-monetory transactions

  • True

  • False

[Exercise Q.4 | Q 9 | Page 82

State whether the following statement is True or False with reasons.
Drawings made by the proprietor increases his capital

  • True

  • False

[Exercise Q.4 | Q 10 | Page 82

State whether the following statement is True or False with reasons.
GST paid on purchase of goods Input tax A/c should be debited.

  • True

  • False

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[Exercise Q.5 [Page 82]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal [Exercise Q.5 [Page 82]

[Exercise Q.5 | Q 1 | Page 82

Fill in the blank:
The first book of original entry is the _________

[Exercise Q.5 | Q 2 | Page 82

Fill in the blank:
The process of recording transaction into journal is called _________

[Exercise Q.5 | Q 3 | Page 82

Fill in the blank:
An explanation of the transaction recorded in the journal _________

[Exercise Q.5 | Q 4 | Page 82

Fill in the blank:
___________ discount is not recorded in the books of accounts.

[Exercise Q.5 | Q 5 | Page 82

Fill in the blank:
___________ is concession allowed for bulk purchase of goods or for immediate payment.

[Exercise Q.5 | Q 6 | Page 82

Fill in the blank:
Every Journal Entry requires ________.

[Exercise Q.5 | Q 7 | Page 82

Fill in the blank:
___________ discount is always recorded in the books of accounts.

[Exercise Q.5 | Q 8 | Page 82

Fill in the blank:
___________ is the document on the basis of which the entry is recorded in journal.

[Exercise Q.5 | Q 9 | Page 82

Fill in the blank:
There are _______ parties to a cheque

[Exercise Q.5 | Q 10 | Page 82

Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.

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Exercise Q.6 [Page 83]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal Exercise Q.6 [Page 83]

Exercise Q.6 | Q 1 | Page 83

Prepare specimen of Tax Invoice

Exercise Q.6 | Q 2 | Page 83

Prepare specimen of Receipt

Exercise Q.6 | Q 3 | Page 83

Prepare specimen of Crossed cheque

Exercise Q.6 | Q 4 | Page 83

Prepare specimen of Cash voucher.

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[Exercise Q.7 [Page 83]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 3 Journal [Exercise Q.7 [Page 83]

[Exercise Q.7 | Q 1 | Page 83

Correct the following statement and rewrite the statement:
All business transactions are recorded in the Journal.

[Exercise Q.7 | Q 2 | Page 83

Correct the following statement and rewrite the statement:
Cash discount is not recorded in the books of accounts

[Exercise Q.7 | Q 3 | Page 83

Correct the following statement and rewrite the statement:
Journal is a book of Secondary entry.

[Exercise Q.7 | Q 4 | Page 83

Correct the following statement and rewrite the statement:
GST is imposed by the Government of India from 1st July 2018.

[Exercise Q.7 | Q 5 | Page 83

Correct the following statement and rewrite the statement:
Machinery purchased by the Proprietor decreases his capital

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Chapter 3: Journal

Exercise Q.1Exercise Q.2[Exercise Q.3[Exercise Q.4[Exercise Q.5Exercise Q.6[Exercise Q.7
Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board - Shaalaa.com

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 3 - Journal

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 3 (Journal) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 3 Journal are Accounting Documents, Journal, Specimen Or Format of Journal, Goods and Service Tax (GST), Recording of Journal Entries.

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