Account class 11 Books of Original Entry- Journal

1. Purchase of goods from X for cash should be credit to ;

2. Main object of preparing a ‘journal’ is ;

3. Personal accounts are related to ;

4. Nominal accounts  are related to ;

5. Goods worth Rs 7000 given away as charity would be credited  to ;

6. Payment of Rs 6000 was wages workman for installation of a machine should be debited to ;

7. What should be amount of capital if cash is Rs 5000; Furniture Rs 12000; Stock Rs 30,000 and Creditor Rs 6000.

8. Gopal is our debtor Rs 10,000. He became insolvent and only 60 paise in a Rs is received from him. The balance of Rs 4000 would be entered to the ;

9. Rs 5000 received from Mohan  whose account was written off as bad in the previous year should be credit to ;

10. Cash received form kajal Rs 36,000 after allowing her discount @10%. Amount debited to discount account will be ;

11. Loss of good by fire should be credit to ;

12. Goods costing Rs 30,000 supplied to mohan at a profit of 25% of sales price less Trade discount @5% will be credited to sales A/c with ;

13. Goods accounting Rs 20,000 is sold at a profit of 25% on cost and trade discount is allowed @10% and cash discount of 10% is also allowed. Half the payment was received at the time of sale. What is the amount of cash received at the time of sale?

14. Paid the rahul on behalf of sanjay Rs 12,000 will be debited to ;

15. Sold goods worth list price of Rs 8000 at 10% trade discount and 2% cash discount. 25% received at the time of transaction only. The amount posted to discount discount amount will be ;

16. Journal records the transactions of a firm in a

17. Rent of proprietor’s house paid from account on cash will

18. Rent of proprietor’s house paid from account on cash will

19. Personal accounts always shows debit balance.

20. Nominal account always shows debit balance.

21. Real accounts generally shows debit balance.

22. Opening entry is passed for the first transaction of each day.

23. Purchase account is always debited.

24. Sales account is always credited.

25. Purchase return account is always debited.

26. Purchase return account is always debited.

27. Sales return account is always credited.

28. The system of recording transaction on the basis of their two fold aspect is called double account system.

29. Goods bought for resale are referred to as sales.