Class 11 Accountancy Chapter 8 Worksheet 1 (MCQs and Practical Problems): Journal

Class 11 Accountancy Chapter 8 Worksheet (Journal)

Mastering the concepts of Class 11 Accountancy for Chapter 8 (Journal) requires extensive practice through worksheets.

We are providing worksheets prepared by expert CBSE teachers so that you can strengthen your exam preparation.

On this page, you can master journal entries through MCQs and practical problems like:

• Cash purchases
• Credit purchases
• Purchase return
• Cash sales
• Credit sales
• Sales return
• Discount allowed and discount received
• Trade discount
• Opening journal entry
• Depreciation
• Outstanding expenses
• Prepaid expenses
• Interest on drawings
• Interest on capital

Before you proceed, below are the quick details:

• Class: 11
• Subject: Accountancy
• Chapter Number: 8
• Chapter Name: Journal

Let's get started!

Class 11th - Accountancy (CBSE) MCQs  

Q1. When the number of accounts to be debited or credited is more than one, entry made for recording the transaction is called _______ Journal Entry.

1. Single
2. Compound
3. Normal
4. Complex

Q2. Journal is a book of :

1. Original Entry 
2. Final Entry 
3. Cash entry 
4. Single Entry

Q3. Computer Purchased for office is debited to:

1. Office expenses Account
2. Office Equipment Account
3. Purchases Account
4. Stock Account

Q4. Rent paid to Landlord should be debited to:

1. Rent Account
2. Drawing Account
3. Landlord Account
4. Income Account

Q5. Pass journal entries for the following transactions:

Date	Transaction Description	Amount (₹)
July 1	Commenced business with cash	6,00,000
July 2	Goods purchased from Vishal for cash	40,000
July 3	Goods purchased from Naveen	1,60,000
July 4	Goods returned to Naveen	10,000
July 8	Goods sold to Abdul	70,000
July 12	Abdul returned 10% of goods

Q6. Journalise the following entries:

Date	Transaction Description	Amount (₹)
January 1	Received cash from Krishna and Discount allowed to him	18,800 1,200
January 4	Paid cash to Mehak and Discount received from her	6,800 200
January 10	Goods sold to Deepak	50,000
January 12	Deepak returned goods	4,000
January 14	Received cash from Deepak ₹45,000 in full settlement of this account.
January 20	Sold goods to George of the list price of ₹2,00,000 at 10% trade discount.
January 23	Purchased goods from Meenu of the list price of ₹40,000 at 15% trade discount.

Q7. You are required to journalise the following transactions:

• Balances in the books of Rahul, a computer dealer on 1st April, 2017.
• Cash ₹500; Bank Overdraft ₹1,000; Debtors ₹7,000; Building ₹6,500.
• Computers ₹3,500. 
• On the same day, he sold a computer, the book value of which was ₹2,000 for ₹1,950.

Q8. Pass Journal Entries for the following:

• Received ₹50,000 from Yogesh, which were written off as bad debts in the previous year. 
• Salaries due to clerks ₹2,40,000. 
• Out of the rent paid this year, ₹30,000 is related to next year. 
• Provide 10% depreciation on furniture costing ₹80,000. 
• Provide 6% interest on capital amounting to ₹10,00,000. 
• Charge interest on drawings ₹5,000.

The End

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