ROHIT D.

AKOLKARs NARMADA COMMERCE & MANAGEMENT CLASSES

(MOB. NO:9763261738)

Venue :- Near Shree Ram Mandir, Mohan Nagar, Chinchwad Station.
1

sQ . No. 1} Journalise the following transactions in the Journal of Darshan for May 2002.
1) Darshan started his business with cash Rs.40000 and goods worth Rs.25000.
2) Purchase goods worth Rs.10000 less 10% Trade Discount from Nikhil.
3) Sold goods worth Rs.12000 less 15% Trade Discount to Krishna.
4) Received cash Rs.1980 from Mayuri and allowed her discount Rs.20
5) Paid Rs.2960 to Mr. Mukesh after deducting Rs.40 as discount.
6) Purchase goods worth Rs.5000 for cash on 5% cash discount term.
7) Sold goods Rs.600 for cash on 2% cash discount term.
8) Cash received Rs.625 from Shyam in full settlement of his account of Rs.660.
9) Paid Rs.2000 to Mr. Nikhil in full settlement of Rs.2100.


Q . No. 2} Journalise the following information in the Journal of Shri. Ashok for May 2002.
1) Ashok started his business with Cash Rs.10000, Machinery Rs. 60000 and Goods Rs.40000.
2) Purchase goods for Rs. 20000 less 10% trade discount from Raj.
3) Purchase goods worth Rs.6000 for cash on 6% cash discount.
4) Received cash Rs. 2000 from Ram and allowed him discount Rs.100.
5) Sold goods worth Rs. 26000 for cash on 2% cash discount.
6) Paid Rs. 9440 to Mr. Manoj after deducting Rs. 160 as discount.
7) Sold goods worth Rs. 15000 less 10% trade discount to Mr. Manoj.
8) Received Rs. 4360 from Mr. Vinay in full settlement of his account Rs. 4500.
9) Paid Rs. 1800 to Mr. Anil in full settlement of Rs. 2000.

Q . No. 3} Journalise the following transaction in the books of Harish.
1) Harish commenced the business with following assets and liabilities-
Cash Rs. 8900, Building Rs. 169000, Dinesh (Dr.) Rs.5000, Machinery Rs.85000, Creditors Rs.
16,000, Bank loan Rs.15000
2) Purchase goods for Rs.20, 000 from Mr.Rahul on Cr. With 3% T.D
3) Goods sold for Rs.25, 000 to Manish with 3% T.D. He paid half the amount immediately received
by cheque.
4) Dinesh was declared insolvent and we would receive 40 paisa in a rupee.
5) Settle Rahul A/c by assigning a cheque for a necessary amount after deducting cash discount 2%.
6) Mr. Rahul informs us about the dishonor of cheque.
7) Withdwral Rs.1000 from bank a/c for office use and Rs.2000 for personal use.
8) Harish took away goods costing Rs.450 for domestic use.

ROHIT D. AKOLKARs NARMADA COMMERCE & MANAGEMENT CLASSES
(MOB. NO:9763261738)

Venue :- Near Shree Ram Mandir, Mohan Nagar, Chinchwad Station.
2


Prob. No. 1) Record the following information in Journal of Shri Sarvesh for March 2003
1) Sarvesh started the business with cash Rs.50000 and furniture Rs. 30000.
2) Purchase goods in cash Rs. 13500.
3) Cash sales Rs. 18000.
4) Goods purchase from Mr. P Rs. 23000.
5) Goods return to Mr. P Rs. 3000.
6) Goods sold to Mr. Purushottam Rs. 17000.
7) Goods return to Mr. Purushottam Rs. 2000.
8) Commission Received Rs. 500.
9) Wages paid Rs.750.
10) Rent paid Rs. 1600.

Prob. No. 2) Journalise the following transactions in the books of Nilesh.
1) Nilesh started business with following Assets and Liability. Cash Rs. 15000; Bank of Baroda
(Cr.) Rs. 4000; Building Rs. 256000; Furniture Rs. 16000; Plant and machinery Rs. 75000;
Investment in debenture Rs. 20000;Loan from Mr. Ashish Rs. 10000; Patent Rs. 13000.
2) Cash Sales Rs. 11300.
3) Deposited Rs. 11000 in to the Bank.
4) Wages paid Rs. 300.
5) He paid the loan by cheque of Rs. 6200 to Mr. Ashish (in which interest on Rs. 200.)
6) Purchase new machinery for Rs. 10000 on credit from L&T Company Ltd. and paid Rs.500 as
installation charges.
7) Nilesh took away goods costing Rs. 3000 for domestic use.
8) Paid insurance by cheque Rs. 500
9) Goods costing Rs. 1200 were loss by fire and insurance company admitted the claim to the extent
of 60% of the loss.
10) Old furniture having book value Rs. 1000 was sold at a profit of Rs. 300.
11) Purchase Horse for Rs. 2000 and paid carriage for that Rs. 1000.
12) A horse die and Rs. 100 recorded from that card.





ROHIT D. AKOLKARs NARMADA COMMERCE & MANAGEMENT CLASSES
(MOB. NO:9763261738)

Venue :- Near Shree Ram Mandir, Mohan Nagar, Chinchwad Station.
3



Prob. No. 3) Journalise the following transaction in the books of Mr. Sahil.
1) Mr. Sahil started business with following assets & liabilities. Cash Rs. 15000; Bank of Allahabad
(Cr.) Rs. 4000; Premises Rs. 256000; Machinery Rs. 75000; Loan from Mr. Jain Rs. 5000.
2) Received Rs. 550 from Rohan whose account was written as bad in the past.
3) Paid insurance premium Rs.615 by cheque.
4) Mr. Sahil took away goods costing Rs. 900 for domestic use.
5) Received Rs. 3000 for the rent.
6) Fully insured goods costing Rs. 2000 and representing selling price of Rs. 3200 were loss by Fire.
7) Bank charges Rs. 100 being interested on over draft; the same is yet to be recorded.
8) We repaid the loan from Mr. Jain by issuing a cheque of Rs. 6300(including Rs.300 as interest.)
9) Goods costing Rs. 1000 were distributed as free sample.

Prob. No. 4) Journalise the following transactions in the books of Akshay for September 2004.
1) Akshay commenced the business with following Assets and liabilities. Land and Building Rs.
125000; Debtors Rs. 5000; Creditors Rs. 18000; Dhiraj A/c (Dr.) Rs. 7000.
2) Brought goods worth Rs. 25000 from Mr. Abhay on credit with 3.5% trade discount.
3) Sold goods worth Rs. 20000 to Mr. Bhansali on 2% trade discount.
4) Dhiraj declared insolvent and received 25 in rupee.
5) Settled Abhay account by issuing a cheque for necessary amount after deducting 1% cash
discount.
6) Mr. Abhay informed us about the dishonour of cheque.
7) Akshay took away goods costing Rs. 450 and cash Rs.150 for privatet use.
8) Charge 10% on land and building.
9) Interest received Rs. 1750.
10) Salary paid Rs. 2000.







ROHIT D. AKOLKARs NARMADA COMMERCE & MANAGEMENT CLASSES
(MOB. NO:9763261738)

Venue :- Near Shree Ram Mandir, Mohan Nagar, Chinchwad Station.
4




Prob. No. 5) Prepare Purchase, Sales, Purchase Return and Sales Return book.
1) Purchase goods from Amit Rs. 12000.
2) Sold goods to Ajit Rs. 10080.
3) Brought goods from Ajay Rs. 15000.
4) Ajit return goods Rs. 1680.
5) Sold goods to Akhil in cash Rs. 15000.
6) Goods Return to Amit Rs. 1200.
7) Buy goods from Sanjay Rs. 13000.
8) Purchase goods From Nikhil in cash Rs. 17300.
9) Sales made to Anup Rs. 11320.
10) Goods return by Anup Rs. 1320.
11) Goods return to Ajay Rs. 3000.
12) Sold goods to Swarup Rs. 22600.

Prob. No. 6) Enter the following transaction in simple cash book.
1) Opening cash balance Rs. 25000.
2) Prop. Introduced Rs. 15000 as capital.
3) Sold goods for Rs. 23000.
4) Received interest Rs. 1200 from Avinash.
5) Paid Rs. 2000 to Mr. Ashok.
6) Purchase goods for Rs. 15000.
7) Deposited Rs. 3000 in to the bank.
8) Paid commission Rs. 1200 to Kamlesh.
9) Received Rs. 2500 from Ramesh.
10) Withdrawal Rs. 4000 from Bank for office use.
11) The Proprietor withdrawal Rs. 1700 for his personal use.
12) Borrowed Rs. 15000 from Desai.
13) Purchase goods for Rs. 41000 and paid Rs. 400 as carriage.