Free Accountancy - Class 11th (CBSE) - Worksheet - w8b - 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.

Let's begin the worksheet:

CBSE Worksheet for Class 11th CBSE - 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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