CBSE Class 11 Accountancy Journal and Ledger Worksheet Set B

CBSE Class 11 Accountancy Source Documents MCQs

Question. Used cement and bricks for office building will be credited to _______.
a) Bricks and cement account.
b) Building account.
c) Cash account.
d) Purchases account.
Answer. D

Question. The debit balance of a personal account is ___________.
a) Accrued income.
b) Outstanding salary.
c) Unearned income.
d) None of them.
Answer. A

Question. The book which contains a classified and permanent record of all the transactions of a business is called the ___________-.
a) Trial balance
b) Ledger
c) Journal
d) None of them
Answer. B

Question. A trial balance can be prepared with the help of ______________
a) Journal
b) Ledger Balances
c) Financial statements
d) None of them
Answer. B

Question. Ledger posting of an opening entry depicts the ___________ balances.
a) Closing
b) Opening
c) Both the balances
d) None of them
Answer. B

Question. Carriage inwards and carriage outwards show ________ and _______ balances.
a) Debit and credit
b) Credit and debit
c) Credit and credit
d) Debit and debit
Answer. D

Question. When a firm maintains a cash book, it doesn’t need to maintain_________.
a) Journal proper.
b) Purchases book.
c) Sales book.
d) Bank and cash account in the ledger.
Answer. D

Question. __________ balance of a personal account indicates the amount which is owing to the firm by a person.
a) Debit
b) credit
c) both
d) none
Answer. A

CBSE Class 11 Accountancy Chapter 3 Source Documents Fill in The Blanks

Question. Bricks , cement etc. for Rs.1,50,000 and timber for Rs.2,00,000 were purchased for the construction of building. Payment was made by cheque. – – – – A/c will be debited with Rs. – – – –. 
Answer. building, 3,50,000

Question. Cash received from debtors appears on the – – – – side of the debtors A/c.
Answer. credit

Question. Shankar is declared insolvent. Received from his official receiver 60% in a rupee on a debt of Rs.15,000. – – – A/c will be Debited with Rs. – – – –. 
Answer. bad debts recovered A/c, 9,000

Question. Discount received from creditors is shown on the – – – – side of creditors’ A/c.
Answer. debit

Question. Pawan, a trader in electronic goods, gifted a refrigerator to his daughter. – – – – A/c will be debited and – – – – A/c will be credited.
Answer. drawings, purchases

Question. A cheque received from John for Rs.9900 against a debt of Rs. 10,000 in full settlement was dishonoured. On dishonour discount allowed A/c will be – – – – with Rs. – – – –.
Answer. credited, 100

Question. Sold goods to Kamal costing Rs.10,000 at 30% above cost less trade discount 10%.Sales account will be credited with Rs. – – – –.
Answer. 11,700

Question. Goods withdrawn by the proprietor for personal use Rs.5000. The goods were purchased paying IGST @ 18%. In the journal entry IGST A/c will be – – – – with Rs. 900.
Answer. credited

CBSE Class 11 Accountancy Chapter 3 Source Documents True And False

1. Plant & Machinery A/c Dr. 1,25,000
To Cash A/c 1,00,000
To Mohan 25,000
The journal entry given above is an example of compound entry. (True)
2. In an opening entry if the amount of liabilities is less than the amount of assets debited, then the difference is debited to Asset A/c. (False)
3. In case of inter -state sale of goods, Input SGST A/c is credited. (False)
4. Machinery purchased for Rs. 1,00,000 & 10,000 spent on its installation. Machinery A/c will be debited with Rs. 1,10,000. (True)
5. On 31st March,2019, Mr. Z paid wages Rs. 20,000 and Received Rent Rs.30,000.These transactions can be shown in a single compound entry. (False)
6. Closing balance of Rs. 40,000 on the credit side of Cash A/c indicates debit balance of cash. (True)
7. Input CGST A/c always shows a credit balance. (False)

CBSE Class 11 Accountancy Chapter 3 Source Documents Match The Following 

Question. Match items in List I with terms in List II using the codes given below the lists-
   List –I                                                      List –II
1. The account that will be credited          a. Bad debts
if bad debts are recovered
2. The account that will be debited           b. Customer's account
if amount is not received from debtors
                                                                 c. Bad debts recovered
Answer. 1 –c, 2-a

Question. Match items in List I with terms in List II using the codes given below the lists-
      List –I                                                                   List –II
1. When the cheque is deposited                          a. Cheque in hand account
in bank on same day, which account is debited
2.When the cheque is retained and                       b. Bank account
not deposited in bank which account is debited
                                                                              c. Customer's account
Answer. 1 –b,2 -a

Question. Match items in List I with terms in List II using the codes given below the lists-
    List –I                                                                                  List –II
1. Y sold goods of rupees 1,00,000 to X. While                      a. Purchase account
preparing X account which account would be
posted to debit side in the books of Y
2. Account which records both cash and credit purchases     b. Sales account
Answer.s 1-b, 2- a

Question. Match items in List I with terms in List II using the codes given below the lists-
             List –I                                                            List –II
1. Received rupees 8000 from x in full settlement    a. Cash discount
of his account of rupees 8100 .The entry pass
in this will reflect which type of discount 
2. Which is the discount which is offered in the        b. Trade discount
course of business but could not be recorded
Answer. 1-a, 2-b

Question. Match items in List I with terms in List II using the codes given below the lists-
    List –I                                                               List –II
1.The total of sales book is transferred          a. To sundries as per sales book
to sales account by the words
2.The total of sales return book is                  b. By sundries as per sales book
transferred to sales return account by the
words                                                             c. To sundries as per return inward book
                                                                      d. To sundries as per return outward book
Answer. 1- b, 2-c

Question. Match items in List I with terms in List II using the codes given below the lists-
List –I                                                 List –II 
1. Purchase account is shown on     a. Credit side of trial balance
2. Sales account is shown on           b. Debit side of trial balance
Answer. 1 –b, 2 -a 

Question. Match items in List I with terms in List II using the codes given below the lists-
List –I                                                                        List –II 
1. X sold goods to Y for rupees 10,000                     a.5400
at 10% trade discount and 2% cash
discount, what will be credited to sales account. 
2. X sold goods to Y for rupees 10,000 at                 b.8820
10% trade discount and 2% cash discount.
40% amount is paid immediately what amount
will be debited to Y
                                                                                  c.9000
                                                                                  d.3528
Answer. 1-c, 2-a

CBSE Class 11 Accountancy Chapter 3 Source Documents Case Based MCQs

Direction Read the following case study and answer questions on the basis of the same.

Adhiraj started business with cash of Rs 2,00,000 on 1st April. The following transactions took place in the month of April, 2021.

Date   Particulars                        Amt (Rs)
Apr 2 Bought goods for cash 60,000
Apr 3 Opened bank account with cash 1,00,000
Apr 4 Sold goods for cash 80,000
Apr 7 Bought goods from Amrit, Kanpur on credit 60,000
Apr 10 Solds goods to Aryan, Delhi on credit 50,000
Apr 15 Purchased machinery costing Rs 20,000 from Bhalla Bros, Patiala (Punjab)
and payment is made by cheque
Apr 19 Paid to Amrit in cash on account 40,000
Apr 23 Goods returned to Amrit 10,000
Apr 27 Paid to Amrit by cheque in full settlement 15,000
Apr 29 Received cash from Aryan 20,000

Question. What will be the amount that will be reflected in capital account of Adhiraj?
(a) Rs 2,00,000
(b) Rs 3,00,000
(c) Rs 5,00,000
(d) None of these
Answer. A

Question. What is the balance carried down of purchases account as on 30th April?
(a) Rs 60,000
(b) Rs 1,20,000
(c) Rs 1,00,000
(d) None of these
Answer. B

Question. The journal entry to record the sale of goods on credit should include
(a) debit to debtors and credit to capital.
(b) debit to cash and credit to debtors.
(c) debit to sales and credit to debtors.
(d) debit to debtors and credit to sales.
Answer. D

Question. What is the balance in the bank account of Adhiraj as on 30th April?
(a) Rs 1,00,000
(b) Rs 40,000
(c) Rs 40,200
(d) Rs 15,000
Answer. C

Question. Process of recording in the journal is called ……… ; the process of recording in the ledger is known as ……… .
(a) Journalising; Posting
(b) Posting; Journalising
(c) Posting; Recording
(d) Recording;Writing
Answer. A

Journal and Ledger

1. Journalise the following transactions in the books of Himanshu: 

2014                                                Rs
Dec.01 Business started with cash 75,000
Dec.07 Purchased goods for cash 10,000
Dec.09 Sold goods to Swati 5,000
Dec.12 Purchased furniture 3,000
Dec.18 Cash received from Swati In full settlement 4,000
Dec.25 Paid rent 1,000
Dec.30 Paid salary 1,500

2. Enter the following Transactions in the Journal of Mudit :. 

2015                                                          Rs
Jan.01 Commenced business with cash 1,75,000
Jan.01 Building 1,00,000
Jan.02 Goods purchased for cash 75,000
Jan.03 Sold goods to Ramesh 30,000
Jan.04 Paid wages 500
Jan.06 Sold goods for cash 10,000
Jan.10 Paid for trade expenses 700
Jan.12 Cash received from Ramesh 29,500
           Discount allowed 500
Jan.14 Goods purchased for Sudhir 27,000
Jan.18 Cartage paid 1,000
Jan.20 Drew cash for personal use 5,000
Jan.22 Goods use for house hold 2,000
Jan.25 Cash paid to Sudhir 26,700
           Discount allowed 300

3. Journalise the following transactions: 

2014                                                          Rs
Dec. 01 Hema started business with cash 1,00,000
Dec. 02 Open a bank account with SBI 30,000
Dec. 04 Purchased goods from Ashu 20,000

Dec.06 Sold goods to Rahul for cash 15,000
Dec.10 Bought goods from Tara for cash 40,000
Dec.13 Sold goods to Suman 20,000
Dec.16 Received cheque from Suman 19,500
           Discount allowed 500
Dec.20 Cheque given to Ashu on account 10,000
Dec.22 Rent paid by cheque 2,000
Dec.23 Deposited into bank 16,000
Dec.25 Machine purchased from Parigya 10,000
Dec.26 Trade expenses 2,000
Dec.28 Cheque issued to Parigya 10,000
Dec.29 Paid telephone expenses by cheque 1,200
Dec.31 Paid salary 4,500

4. Jouranlise the following transactions in the books of Harpreet Bros.:

(a) Rs1,000 due from Rohit are now a bad debts.
(b) Goods worth Rs 2,000 were used by the proprietor.
(c) Charge depreciation @ 10% p.a for two month on machine costing Rs 30,000.
(d) Provide interest on capital of Rs 1,50,000 at 6% p.a. for 9 months.
(e) Rahul become insolvent, who owed is Rs 2,000 a final dividend of 60 paise in a rupee is received from his estate.

5. Prepare Journal from the transactions given below : 

(a) Cash paid for installation of machine Rs 500
(b) Goods given as charity Rs 2,000
(c) Interest charge on capital @7% p.a. when total Rs70,000capital were
(d) Received Rs1,200 of a bad debts written-off last year.
(e) Goods destroyed by fire Rs 2,000
(f) Rent outstanding Rs 1,000
(g) Interest on drawings Rs 900
(h) Sudhir Kumar who owed me Rs 3,000 has failed to pay the amount.Hepays me a compensation of 45 paise in a rupee.
(i) Commission received in advance Rs 7,000

6. Journalise the following transactions, post to the ledger: 

2014                                                      Rs
Nov. 01 Business started with (i) Cash 1,50,000
(ii) Goods 50,000
Nov. 03 Purchased goods from Harish 30,000
Nov. 05 Sold goods for cash 12,000
Nov. 08 Purchase furniture for cash 5,000
Nov. 10 Cash paid to Harish on account 15,000
Nov. 13 Paid sundry expenses 200
Nov. 15 Cash sales 15,000
Nov. 18 Deposited into bank 5,000
Nov. 20 Drew cash for personal use 1,000

Nov. 22 Cash paid to Harish in full settlement of account 14,700
Nov. 25 Good sold to Nitesh 7,000
Nov. 26 Cartage paid 200
Nov. 27 Rent paid 1,500
Nov. 29 Received cash from Nitesh 6,800
             Discount allowed 200
Nov. 30 Salary paid 3,000

7. Journalise the following transactions is the journal of M/s Goel Brothers and post them to the ledger. 

2015                                               Rs
Jan. 01 Started business with cash 1,65,000
Jan. 02 Open bank account in PNB 80,000
Jan. 04 Goods purchased from Tara 22,000
Jan. 05 Goods purchased for cash 30,000
Jan. 08 Goods sold to Naman 12,000
Jan. 10 Cash paid to tara 22,000
Jan. 15 Cash received from Naman 11,700, Discount allowed 300
Jan. 16 Paid wages 200
Jan. 18 Furniture purchased for office use 5,000
Jan. 20 withdrawn from bank for personal use 4,000
Jan. 22 Issued cheque for rent 3,000
Jan. 23 goods issued for house hold purpose 2,000
Jan. 24 drawn cash from bank for office use 6,000
Jan. 26 Commission received 1,000
Jan. 27 Bank charges 200
Jan. 28 Cheque given for insurance premium 3,000
Jan. 29 Paid salary 7,000
Jan. 30 Cash sales 10,000

8 Give journal entries of M/s Mohit traders, Post them to the Ledger from the following transactions

August 2014                                        Rs
1. Commenced business with cash 1,10,000
2. Opened bank account with H.D.F.C. 50,000
3. Purchased furniture 20,000
7. Bought goods for cash from M/s Rupa Traders 30,000
8. Purchased good from M/s Hema Traders 42,000
10. Sold goods for cash 30,000
14. Sold goods on credit to M/s. Gupta Traders 12,000
16. Rent paid 4,000
18. Paid trade expenses 1,000
20. Received cash from Gupta Traders 12,000
22. Goods return to Hema Trade` 2,000
23. Cash paid to Hema Traders 40,000
25. Bought postage stamps 100
30. Paid salary to Rishabh 4,000

9. Journalise the following transaction in the Books of the M/s BhanuTraders and Post them into the Ledger. 

December, 2014                        Rs
1. Started business with cash 92,000
2. Deposited into bank 60,000
4. Bought goods on credit from Himani 40,000
6. Purchased goods from cash 20,000
8. Returned goods to Himani 4,000
10. Sold goods for cash 20,000
14. Cheque given to Himani 36,000
17. Goods sold to M/s Goyal Trade` 3,50,000
19. Drew cash from bank for personal use 2,000
21. Goyal traders returned goods 3,500
22. Cash deposited into bank 20,000
26. Cheque received from Goyal Traders 31,500
28. Goods given as charity 2,000
29. Rent paid 3,000
30. Salary paid 7,000
31. Office machine purchased for cash 3,000

10. Journalise the following transaction in the Book of M/s Beauti traders.Also post them in the ledger.

Dec. 2014                                   Rs
1. Started business with cash 2,00,000
2. Bought office furniture 30,000
3. Paid into bank to open an current account 1,00,000
5. Purchased a computer and paid by cheque 2,50,000
6. Bought goods on credit from Ritika 60,000
8. Cash sales 30,000
9. Sold goods to Karishna on credit 25,000
12. Cash paid to Mansi on account 30,000
14. Goods returned to Ritika 2,000
15. Stationery purchased for cash 3,000
16. Paid wages 1,000
18. Goods returned by Karishna 2,000
20. Cheque given to Ritika 28,000
22. Cash received from Karishna on account 15,000
24. Insurance premium paid by cheque 4,000
26. Cheque received from Karishna 8,000
28. Rent paid by cheque 3,000
29. Purchased goods on credit from Meena Traders 20,000
30. Cash sales 14,000

11. Journalise the following transaction in the books of Sanjana andpost them into the ledger : 

January, 2015      Rs

1. Cash in hand 6,000

Cash at bank 55,000

Stock of goods 40,000

Due to Rohan 6,000
Due from Tarun 10,000
3. Sold goods to Karuna 15,000
4. Cash sales 10,000
6. Goods sold to Heena 5,000
8. Purchased goods from Rupali 30,000
10. Goods returned from Karuna 2,000
14. Cash received from Karuna 13,000
15. Cheque given to Rohan 6,000
16. Cash received from Heena 3,000
20. Cheque received from Tarun 10.000
22. Cheque received from to Heena 2,000
25. Cash given to Rupali 18,000
26. Paid cartage 1,000
27. Paid salary 8,000
28. Cash sale 7,000
29. Cheque given to Rupali 12,000
30. Sanjana took goods for Personal use 4,000
31. Paid General expense 500