Class 11 Accountancy Chapter 8 Worksheet 2 (Journal Entry Practice Questions): Journal

Class 11 Accountancy Chapter 8 Worksheet (Journal)

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You can practice how to pass a journal entry for the following scenarios:

• Pinpointing which accounts are affected in a transaction.
• Deciding how to debit or credit each account using the modern rules of accounting.
• Handling trade discounts, cash discounts, and rebates in transactions.
• Posting entries that involve advanced income, capital introduction, and owner’s drawings.
• Accounting for bad debts, partial recoveries from insolvent debtors, and subsequent bad-debt recoveries.
• Distinguishing between revenue and capital expenditure (e.g., installation cost vs. routine repair).
• Passing adjustment entries for accrued expenses, such as outstanding salaries.
• Making compound journal entries whenever a single transaction affects more than two accounts.

Before you proceed further, below are the quick details:

• Class: 11
• Subject: Accountancy
• Chapter Number: 8
• Chapter Name: Journal
• Worksheet Number: 2
• Worksheet Type: Journal Entry Practice Questions

Table of Contents

Questions

Answers

The worksheet begins from here.

CBSE Worksheet for Class 11 (Chapter 8: Journal)

Q1. Pass the Journal Entries: -

• April 10 – Kamal Started Business with Cash Rs. 5,00,000
• April 11 - Purchased stationary for Cash Rs. 10,000
• April 12- Opened Bank Account with cheque from Savings Account Rs. 50,000
• April 13 – Paid for Repairs of Office Rs. 8,999
• April 13 – Cash Deposited into Bank Rs. 9,451
• April 14 – Received order from Dheeraj of Rs. 1,00,000 along with Advance.
• April 15 - Sold Goods to Shilpa of List price Rs. 50,000 Less 10% Trade Discount.
• April 15 – Sold Goods to Shruti for cash, of List price Rs. 50,000 and cash discount of 10%.
• April 16 – Allowed Rebate to Shilpa for accepting damaged goods Rs. 2,000.
• April 17 – Received Commission of Rs. 1,00,000 by Cheque, Half of which is in advance.

Q2. Pass the Journal Entries: -

• July 10 – Rs. 5,00,000 due from Shaurya is Not Recoverable.
• July 11 – Anas is declared Insolvent. Received 60% of Rs. 10,000.
• July 12- Received cash for the bad debt written off last year Rs. 50,000
• July 13 – Chetan a debtor for Rs. 10,000 became insolvent. Received 60 Paise in a rupee as a final dividend from his receiver. Payment was received partly in form of machinery Rs, 3000 and Balance in Cash.
• July 13 – Paid Life Insurance Premium of owner by bank of Rs. 9,000
• July 14 – Amount of Rs. 7,000 transferred to Fixed Deposit Account
• July 15 – Sold Household Furniture for Rs. 5,000 and proceeds invested into business.
• July 15 – Purchased Machinery for Rs. 10,000 and paid Installation charges of Rupees 1,000
• July 16 – Salaries Payable to Staff Rs. 25,000
• July 17 – Goods costing Rs. 10,000 given as samples.

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