Guess Paper – 2011
Class – XI
(Accountancy)
(Journal entries)

Q.1. Pass the Journal Entries:-
1Jan Business started with cash Rs.1, 00,000
5Jan Cash withdrawn from bank for personal use Rs.5, 000
7Jan Rent paid Rs.1, 000
12Jan Goods loss by fire Rs.5, 000
17Jan Commission received Rs.100
31Jan Bank charged bank charges Rs.50

Q.2. Pass the Journal:-

• Bought goods from Hem for Rs.40, 000 at a trade discount of 10% and cash discount of 2% paid 50% amount immediately.
• Cheque received from Sanjay for Rs.15, 700 in full settlement of his account Rs.16, 000. This Cheque was immediately deposited into bank
• Vijay became insolvant and 40 paisa in a rupee could be received from his estate. He owed Rs .5, 000.
• Proprietor withdrew for private use Rs.4, 000 from office and Rs.6, 000 from bank
• Provide 12% interest for 1 year on capital amounted to Rs.1, 00,000

Q.3. Pass the Journal:-

• Invest Rs.15, 000 in cash
• Purchased Securities for cash Rs.7, 500
• Purchased a office Building for Rs.15, 000 giving 5, 000 in cash and the balance through a loan
• Sold Securities Costing Rs.1, 000 for Rs.1, 500
• Purchased an old car for Rs.2, 800 Cash
• Received cash as salary Rs.3, 600
• Paid cash Rs.500 for loan and Rs.300 for interest
• Paid cash for Household expenses Rs.300
• Received cash for dividend on securities Rs.200

Q.4. Pass Opening entry of Shyam traders
ASSETS: - Cash Rs.30, 000 , bank balance Rs.10, 000, Stock Rs. 80, 000, Furniture Rs.7, 200, Debtors Rs.48, 000 (Ajay Rs.12000, Sanjay Rs.16, 000 ,& Vijay Rs. 20, 000
LIABILITIES: - Bank loan 20, 000, Creditors Rs.25, 000
(Rajesh 10, 000,Prem 15, 000)