Maharashtra State BoardHSC Commerce (English Medium) 11th
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Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 - Subsidiary Books [Latest edition]

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Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 - Subsidiary Books - Shaalaa.com
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Chapter 5: Subsidiary Books

ExercisesPractical Problems
Exercises [Pages 168 - 171]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 5 Subsidiary Books Exercises [Pages 168 - 171]

Exercises | Q 1. 1) | Page 168

Answer the following question in one sentence:

What is Subsidiary Books?

Exercises | Q 1. 2) | Page 168

Answer the following question in one sentence:

What is a Cash Book?

Exercises | Q 1. 3) | Page 168

Answer the following question in one sentence:

State the meaning of 'Contra entry'.

Exercises | Q 1. 4) | Page 168

Answer the following question in one sentence:

State the meaning of Imprest System of Petty Cash Book.

Exercises | Q 1. 5) | Page 168

Answer the following question in one sentence:

Which transactions are recorded in Purchase Book?

Exercises | Q 1. 6) | Page 168

Answer the following question in one sentence:

Which sales are recorded in Sales Book?

Exercises | Q 1. 7) | Page 168

Answer the following question in one sentence:

Which transactions are recorded in the Journal Proper?

Exercises | Q 1. 8) | Page 168

Answer the following question in one sentence:

Who is a Petty Cashier?

Exercises | Q 2. 1) | Page 169

Give word/term or phrase for the following statement:

Person who maintains Petty Cash Book.

Exercises | Q 2. 2) | Page 169

Give word/term or phrase for the following statement:

A bank account which the businessman prefer to open.

Exercises | Q 2. 3) | Page 169

Give word/term or phrase for the following statement:

Petty Cash Book in which the payment side is ruled in suitable columns.

Exercises | Q 2. 4) | Page 169

Give word/term or phrase for the following statement:

Subsidiary book in which only credit purchases of goods is recorded.

Exercises | Q 2. 5) | Page 169

Give word/term or phrase for the following statement:

Subsidiary book in which return of goods sold on credit is recorded.

Exercises | Q 2. 6) | Page 169

Give word/term or phrase for the following statement:

The entry which is recorded on both sides of cash book.

Exercises | Q 2. 7) | Page 169

Give word/term or phrase for the following statement:

Name the account which encourages personal savings.

Exercises | Q 2. 8) | Page 169

Give word/term or phrase for the following statement:

A note issued by buyer to seller giving full details of goods returned.

Exercises | Q 2. 9) | Page 169

Give word/term or phrase for the following statement:

Note issued by seller on receipt of defective goods from customer.

Exercises | Q 2. 10) | Page 169

Give word/term or phrase for the following statement:

Name the bank account on which overdraft facility is given to Account holder.

Exercises | Q 3. 1) | Page 169

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

Cash column of Cash Book can never have ______ balance.

  • credit

  • debit

  • zero

  • none of the above

Exercises | Q 3. 2) | Page 169

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

Any entry recorded on both sides of Cash Book is known as ______ entry

  • opening

  • rectifying

  • transfer

  • contra

Exercises | Q 3. 3) | Page 169

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

The source document for recording in Sales book is ______

  • Inward Invoice

  • Outward Invoice

  • Voucher

  • Cash Memo

Exercises | Q 3. 4) | Page 169

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

Credit purchase of Machinery is recorded in the ______

  • Purchase Book

  • Cash Book

  • Journal Proper

  • Returns Outward Book

Exercises | Q 3. 5) | Page 169

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

Sub-division of the journal is known as ______ book.

  • Subsidiary

  • Purchase Return

  • Purchase

  • Journal Proper

Exercises | Q 3. 6) | Page 169

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

Additional cash introduced in business is recorded in ______

  • Purchase Book

  • Cash Book

  • Journal Proper

  • Returns Inwards Book

Exercises | Q 3. 7) | Page 169

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

Entry for bad debts is recorded in the ______

  • Sales Book

  • Purchase Book

  • Cash Book

  • Journal Proper

Exercises | Q 3. 8) | Page 169

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

Direct deposit made by customer into our bank is recorded in the ______ side of the Cash Book.

  • payments

  • credit

  • receipts

  • both

Exercises | Q 3. 9) | Page 169

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 ______

  • drawer

  • drawee

  • payee

  • all of the above

Exercises | Q 3. 10) | Page 169

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.

  • Current

  • Savings

  • Fixed

  • Recurring

Exercises | Q 4. 1) | Page 170

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

Journal is a book of secondary entry.

  • True

  • False

Exercises | Q 4. 2) | Page 170

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

Assets sold on credit are entered in Sales Journal.

  • True

  • False

Exercises | Q 4. 3) | Page 170

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

Cash and credit purchases are entered in Purchase Book.

  • True

  • False

Exercises | Q 4. 4) | Page 170

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

Cash sales are entered in Sales Journal

  • True

  • False

Exercises | Q 4. 5) | Page 170

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

Cash Book records transactions relating to receipts and payments of cash.

  • True

  • False

Exercises | Q 5. 1) | Page 170

Do you agree with the following statement:

Trade discount is recorded in Cash Book.

  • Agree

  • Disagree

Exercises | Q 5. 2) | Page 170

Do you agree with the following statement:

Petty Cash Book is a book having a record of big payments.

  • Agree

  • Disagree

Exercises | Q 5. 3) | Page 170

Do you agree with the following statement:

Cash received is entered on the debit side of Cash Book.

  • Agree

  • Disagree

Exercises | Q 5. 4) | Page 170

Do you agree with the following statement:

Transactions recorded on both debit and credit side of Cash Book is known as Contra Entry.

  • Agree

  • Disagree

Exercises | Q 5. 5) | Page 170

Do you agree with the following statement:

Credit purchase of machinery is entered in Purchase Journal.

  • Agree

  • Disagree

Exercises | Q 6. 1) | Page 170

Complete the following sentence:

Cash Book is a ______ Journal.

Exercises | Q 6. 2) | Page 170

Complete the following sentence:

In Journal Proper, only ______ discount is recorded.

Exercises | Q 6. 3) | Page 170

Complete the following sentence:

Return of goods purchased on credit to the suppliers will be entered in ______ Journal.

Exercises | Q 6. 4) | Page 170

Complete the following sentence:

Assets sold on credit are entered in ______

Exercises | Q 6. 5) | Page 170

Complete the following sentence:

Double column Cash Book records transactions relating to cash and ______

Exercises | Q 6. 6) | Page 170

Complete the following sentence:

Credit purchases of goods are recorded in ______

Exercises | Q 6. 7) | Page 170

Complete the following sentence:

Cash Book does not record the ______ Transactions.

Exercises | Q 6. 8) | Page 170

Complete the following sentence:

Credit balance shown by a bank column in Cash Book is ______

Exercises | Q 6. 9) | Page 170

Complete the following sentence:

Petty Cash Book is used for recording ______ expenses.

Exercises | Q 6. 10) | Page 170

Complete the following sentence:

In Purchase Book goods purchased on ______ are recorded.

Exercises | Q 7. 1) | Page 170

Correct the following sentence and rewrite the same:

Cash purchases of goods are recorded in Purchase book.

Exercises | Q 7. 2) | Page 170

Correct the following sentences and rewrite the same:

Cash Book records cash trnasactions as well as credit transactions.

Exercises | Q 7. 3) | Page 170

Correct the following sentences and rewrite the same:

Small and large business records all transaction in subsidiary books.

Exercises | Q 7. 4) | Page 170

Correct the following sentences and rewrite the same:

The person who maintain Petty Cash Book is called Chief Cashier.

Calculate the following:

Exercises | Q 8. 1) | Page 171

Cash purchases for ₹ 1,60,000 at 10% T.D. and 5% C.D. What is the amount of Net purchases?

Calculate the following.

Exercises | Q 8. 2) | Page 171

Purchased goods from Harish for ₹ 12,000 @ 7% T.D. What is the amount of Trade discount?

Calculate the following:

Exercises | Q 8. 3) | Page 171

Sold 50 Shirts at ₹ 300 per shirt and 40 Trousers at ₹ 600 each. What is the amount of sales?

Calculate the following.

Exercises | Q 8. 4) | Page 171

Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount?

Complete the following Table:

Exercises | Q 9. 1) | Page 171
Cash Purchases   Credit purchases   Purchase Return   Net Purchases
35,000 + 55,000 - ? = 88,000

Complete the following Table.

Exercises | Q 9. 2) | Page 171
Cash Sales   Credit Sales   Sales Return   Total Sales
? + 60,000 - 3,000  1,02,000

Complete the following Table:

Exercises | Q 9. 3) | Page 171

 

Cash Sales   Credit Sales   Trade discount   Total Sales
90,000 + 1,10,000 - 16,000 = ?

Complete the following Table:

Exercises | Q 9. 4) | Page 171
Cash Purchases   Credit purchases   Trade discount   Net Purchases
70,000 + ? - 18,000 = 1,62,000

Complete the following Table:

Exercises | Q 9. 5) | Page 171
Opening cash Balance   Cash Receipts   Cash Payments   Total cash
? + 60,000 - 45,000 = 23,000

Complete the following Table:

Exercises | Q 9. 6) | Page 171
Cash Sales   Credit Sales   Total Sales   Total Debtors
1,20,000 + 1,40,000 - 2,60,000   ?

Complete the following Table.

Exercises | Q 9. 7) | Page 171
Cash Purchases   Credit purchases   Total Purchases   Total Creditors
80,000 + ? - 1,90,000 = 1,10,000

Complete the following Table.

Exercises | Q 9. 8) | Page 171
Opening Petty Cash Balance   Petty Cash Received   Petty Expenses Paid   Closing Petty Cash Balance
250 + 1,750 - ? = 420

Complete the following Table.

Exercises | Q 9. 9) | Page 171
Opening Petty Cash   Petty Cash Received   Petty Expenses Paid   Closing Petty Cash Balance
400 + ? - 1,800 = 250

Complete the following Table

Exercises | Q 9. 10) | Page 171
Opening Petty Cash Balance   Petty Cash Received   Petty Expenses Paid   Closing Petty Cash Balance
? + 1,800 - 2,250 = 150
Practical Problems [Pages 172 - 176]

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board Chapter 5 Subsidiary Books Practical Problems [Pages 172 - 176]

Practical Problems | Q 1 | Page 172

Prepare a two-column Cash Book with the help of the following information for January 2018.

January 2018   Amt (₹)
01 Started business with cash 1,20,000
03 Cash paid into Bank of Baroda 50,000
05 Purchased goods from Sakshi on credit 20,000
06 Sold goods to Divakar and received a bearer cheque 20,000
10 Paid to Sakshi cash 20,000
14 Cheque received on December 06, 2018, deposited into Bank  
18 Sold goods to Shivaji on credit 12,000
20 Cartage paid in cash 500
22 Received cash from Shivaji 12,000
27 Commission received 5,000
30 Drew cash for personal use 2,000
Practical Problems | Q 2 | Page 172

Prepare a two-column Cash Book from the following transaction for the year July 2018.

July 2018   Amt (₹)
01 Cash in hand 17,500
01 Cash at Bank 5,000
03 Purchased goods for cash 3,000
05 Received cheque from Arun 10,000
08 Sold goods for cash 8,000
10 Arun’s cheque deposited into the bank
12 Purchased goods and paid by cheque 20,000
15 Paid establishment expenses through bank 1,000
18 Cash Sales 7,000
20 Deposited into bank 10,000
24 Paid General Expenses 500
27 Received commission by Cross cheque 6,000
29 Paid Rent 2,000
30 Withdrew cash for personal use 1,200
31 Wages paid 6,000
Practical Problems | Q 3 | Page 173

Record the following transactions in the Cash Book of M/s Kamal Traders. Balance for the month of July 2018: Cash in hand ₹ 2,000 and balance in Bank Current account ₹ 8,000.

July 2018   Amt (₹)
03 Cash Sales 2,300
05 Purchased goods and amount paid by cheque 6,000
08 Cash Sales 10,000
12 Paid General Expenses 700
15 Sold goods and amount received by Cheque and deposited into Bank 20,000
18 Purchased Motor Car paid by Cheque 15,000
20 Cheque received from Mrunal deposited into Bank 10,000
22 Cash Sales 7,000
25 Mrunal’s cheque returned dishonoured  
28 Paid Rent 2,000
29 Paid Telephone expenses by cheque 500
31 Cash is withdrawn from Bank for personal use 2,000
Practical Problems | Q 4 | Page 173

Prepare Analytical Petty Cash Book from the following transactions in the books of Swarali General Stores, Kolhapur. The imprest amount is ₹ 1,500 received from the main cashier.

2018 January   Amt (₹)
01 Paid Cartage 50
02 Telephone Charges 40
02 Bus Fare 20
03 Postage 30
04 Refreshment to Employees 80
06 Courier Charges 30
08 Refreshment to Customers 50
10 Cartage 35
15 Taxi Fare to Manager 70
18 Purchased Stationery 65
20 Bus Fare 10
22 Xerox Charges 30
25 Internet Charges 35
27 Postage Stamps 200
29 Repair on Furniture 105
30 Cleaning Expenses 115
31 Miscellaneous Expenses 100
Practical Problems | Q 5 | Page 174

From the following information prepare Columnar Petty Cash Book kept on imprest system in the books of Manisha Books Stall, Beed.

2018 April   Amt (₹)
01 Opening petty cash balance 200
02 Received a bearer cheque to make up the imprest amount 1,200
03 Gave a tip to peon 40
04 Purchased stationery 150
05 Paid Taxi Fare 35
06 Purchased Stamp pad 140
07 Paid Cartage 40
08 Paid Bus Fare 30
11 Paid to sweeper 50
13 Purchased a box of pencils 40
14 Paid Mobile charges 35
15 Gave it to Sohan on account 250
19 Paid for Refreshment to staff 150
20 Paid Railway Fare 30
21 Paid Carriage 65
Practical Problems | Q 6 | Page 174

Prepare proper Subsidiary Books and post them to the ledger from the following transactions for the month of February 2018.

2018 February   Amt (₹)
01 Goods sold to Virat 5,000
04 Purchased goods from Khushboo Traders 2,480
06 Sold goods to Shankar Traders 2,100
07 Virat returned goods 600
08 Returns goods to Khusboo Traders 280
10 Sold goods to Mahesh 3,300
14 Purchased from Kunti Traders 5,200
15 Furniture purchased from Arun 3,200
17 Bought goods from Kunti Traders 4,060
20 Return goods to Kunti Traders 200
22 Return goods from Mahesh 250
24 Purchased goods from Kirti less 10% T.D. 5,700
25 Sold goods to Shri Surya goods less 5% T.D. 6,600
26 Sold goods to Prakash Brothers 4,000
28 Return goods to Kirti less 10% T.D. 1,000
28 Prakash Brothers returned goods 500
Practical Problems | Q 7 | Page 175

Enter the following transactions in the books of Vijay in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book and Journal Proper for the month of August 2018.

2018 August

01 Purchased goods from Vikas Stores ₹ 18,000 at 5% Trade Discount

02 Sold goods of ₹ 9,000 to Prabhakar Traders

05 Veena sold goods of ₹ 16,000 to us at 5% Trade Discount as per our order dated 28th July, 2018.

08 Sent a Debit Note to Vikas Stores ₹ 1,600 (Gross) for goods returned.

10 Sold goods of ₹ 12,000 on credit to Shamal & Sons at 6% Trade Discount.

18 Received Credit Note from Veena ₹ 900 (Gross) for goods returned.

22 Sent Credit Note to Prabhakar Traders for ₹ 1,500 for goods returned. Received Dedit note from Shamal & Sons for ₹ 1,200 (Net) for goods returned.

23 Purchased goods of ₹ 16,600 from Priya Stores and paid for Carriage ₹ 150.

25 Purchased goods from Sadhana Stores ₹ 12,000 and sold the same to Aradhana Stores at a profit of 20% on cost.

28 Aradhana Stores returned goods of ₹ 2,400 as they were defective and the same were returned to Sadhana Stores.

31 Purchased Furniture for office use ₹ 30,000 from Art Furniture Works on credit.

Practical Problems | Q 8 | Page 175

Mr. Akash gives you the following information and asks you to prepare Purchase Book, Sales Book, Purchase Returns Book and Sales Return Book for the month of January 2018.

2018 January

01 Purchased goods on credit from Dhanal Traders for ₹ 15,000 and sold the same to Kunal Traders at a profit of 25% on cost.

05 Placed an order with Sunetra for goods of ₹ 10,000 less 5% Trade discount.

08 Purchased goods of ₹ 20,000 at 10% Trade Discount from Saurabha Traders.

13 Sold goods to Vinayak Stores ₹ 8,000 at 5% Trade Discount.

15 Vinayak Stores returned goods to us ₹ 200.

18 Sunetra executed our order placed on 5th Jan. 2018.

20 Sold goods to Vishnu Traders ₹ 21,000 less 5% Trade Discount.

22 Returned goods to Sunetra ₹ 1,000 (Gross).

28 Kunal Traders returned goods to us ₹ 500

30 Returned goods to Sourabh Traders ₹ 1,500.

Practical Problems | Q 9 | Page 176

Enter the following transactions in the Subsidiary Book of Kamal Traders.

2018 April

01 Bought from Suhas goods of ₹ 12,000 as per his Invoice No. 41.

04 Purchased from Virat goods of ₹ 11,870 less 10% Trade Discount vide Bill No. 12.

07 Bought from Kuldip goods of ₹ 11,000 less 25% Trade Discount vide Bill No. 12.

08 Bought from M/s. Art Furniture Works, Furniture for ₹ 13,000 vide Invoice No. 84.

12 Sold to Dhiraj goods of ₹ 11,500 vide Sales Invoice No. 27

13 Sold to Raja goods of ₹ 12,780 less 5% Trade Discount, vide invoice No. 88

21 Sold to Suresh goods of ₹ 8,000 less 20% Trade Discount

23 Dhiraj returned goods of ₹ 500 vide our Credit note No. 14

26 Suresh returned goods of ₹ 150 (gross) vide our Credit Note No. 115

28 Returned to Suhas goods ₹ 1,200 vide our Debit Note No. 09

30 Returned to Virat goods of ₹ 1,300 (Gross) vide our Debit Note No. 10.

30 Returned to Kuldip goods of ₹ 1,100 (Gross) vide our Debit Note No. 11.

Practical Problems | Q 10 | Page 176

Enter the following transactions in the Subsidiary Books of Navyug Traders:

2018 March

01 Sold to Bharat Patil goods ₹ 10,000 at 10% Trade discount.

04 Purchased from Naresh goods of ₹ 11,000 less 10% Trade discount.

06 Purchased Furniture from M/s. Sham Furniture Works, of ₹ 15,000 for office use.

07 Bharat Patil returned 20% of the goods bought by him on 1st March above and we gave him fresh goods in exchange.

08 Sold to Sundar goods of ₹ 13,000 less 15% Trade Discount.

10 Sold to Sumit Computer for ₹ 23,800 with a book value of ₹ 24,000.

12 Placed an order with Sajan for goods of ₹ 12,000.

17 Purchased from Naresh goods of ₹ 14,000 and sold them to Kamesh for ₹ 16,000.

19 Kamesh returned us goods of ₹ 1,600 and immediately returned the same to Naresh.

23 Sold to Rakesh for ₹ 4,500 old Furniture with a book value of ₹ 4,800.

26 Returned to M/s. Sham Furniture Works, office Furniture of ₹ 4,500.

28 Sajan executed our order dated 12th March, 2018.

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Chapter 5: Subsidiary Books

ExercisesPractical Problems
Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 - Subsidiary Books - Shaalaa.com

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 - Subsidiary Books

Balbharati solutions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 (Subsidiary Books) 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.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board chapter 5 Subsidiary Books are Subsidiary Books - 1, Cash Book with Cash Column, Cash Book with Cash and Bank Columns, Petty Cash Book, Purchase Book Or Purchases Day Book, Purchase Return Book Or Purchases Return Day Book, Sales Book Or Sales Day Book, Sales Return Book Or Sales Return Day Book, Journal Proper.

Using Balbharati 11th solutions Subsidiary Books exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Balbharati Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 11th prefer Balbharati Textbook Solutions to score more in exam.

Get the free view of chapter 5 Subsidiary Books 11th extra questions for Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board and can use Shaalaa.com to keep it handy for your exam preparation

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