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  • CBSE×
  • Class 11 Commerce×
  • Accountancy Part I×
  • Recording Of Transactions I×
  • Recording Transactions In Journal Entries×

Recording Transactions In Journal Entries Free Doubts and Solutions

CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Journalise the following transactions : 2016   Rs. May 2 Rent outstanding. 5,000 May 3 Received interest on loan from the debtor.   35,000 May 4 Paid installation charges of a machine Rs.1,350 in cash.   May 5 Out of insurance paid this year, Rs.4,000 are related to next year.   May 21 Returned goods to Sita. 850  

Asked by Topperlearning User 28th July 2016, 5:34 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Journalise the following transactions : 2016   Rs.  May 2 A fire occurred in godown of Lina and she lost goods worth Rs.10,000. The stock was not insured.   May 3 Lina took goods worth Rs.2,500 (cost) for his personal use.   May 4 Paid Income Tax 4,000 May 5 Interest on capital 500  

Asked by Topperlearning User 28th July 2016, 5:32 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Rebello purchased from Rs.100 each on which he is given 20% Trade Discount. He is further given 2% Cash Discount as he made payment for the purchases immediately. Calculate the amount that Rebello will debit in purchases account. Pass necessary journal entries for the following transaction.

Asked by Topperlearning User 4th July 2016, 12:36 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Give journal entries for the following:  i. Received only 60 paise in rupee from official receiver of Mr.Vinod who owed Rs.10,000.  ii. Paid Rs.7,300 to Raj in full settlement of his account of Rs.7,500.  iii. Received cash from Vinod for a bad debt written off last year Rs.500.

Asked by Topperlearning User 1st July 2016, 4:02 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

What do you mean by discount? Explain the types of discount.

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

What are the steps involved in journalising?

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Is journal a book of original entry? Explain

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Write down the limitations of a journal.

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Explain bad debts in brief. Give an example.

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Give the format of a journal and explain in detail.

Asked by Topperlearning User 14th June 2016, 5:30 PM
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CBSE - XI Commerce - Accountancy Part I - Recording of Transactions - I

Define journal and journalising.

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