Preparation Of Journal Ledger Account Etc CBSE Questions & Answers

Preparation Of Journal Ledger Account Etc

This is Accountancy Class 11 preparation of Journal, ledger account, trial, bank reconciliation statement CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Paid rent to landlord Rs.1500. One third of the premises is occupied by the proprietor for his own residence. Calculate the amount of drawings
  • A
    Rs.1500
  • B
    Rs.300
  • C
    Rs.2000
  • D
    Rs.500
    Correct
2
Calculate the amount of sales return – Returned by Jitendar Woods- 1 Dressing Table of list price Rs.1700 each. Trade Discount was 10%.
  • A
    Rs.1530
    Correct
  • B
    Rs.170
  • C
    Rs.150
  • D
    Rs.1700
3
If building have been given to a tenant on Rs. 240000 p.a, but during the year Rs.300000 has been received then Rs. 60000. Record the journal entry for the same:
  • A
    Option A
  • B
    Option B
  • C
    Option C
  • D
    Option D
Answer
Not Available
4
An old machine with the book value of Rs.80000 is exchanged for a new machine of Rs.240000. The old machine is valued at Rs.50000 for exchange purposes by Machine Tools Ltd. Calculate the profit /Loss
  • A
    Rs.130000
  • B
    Rs.50000
  • C
    Rs.30000
    Correct
  • D
    Rs.20000
5
An old machine with the book value of Rs.80000 is exchanged for a new machine of Rs.240000. The old machine is valued at Rs.50000 for exchange purposes by Machine Tools Ltd. By what amount machine account should be credited
  • A
    Rs.30000
  • B
    Rs.80000
  • C
    Rs.190000
    Correct
  • D
    Rs.50000
6
A cheque from a customer amounted to Rs.5000 deposited in the bank was returned dishonored. Journal entry will be
  • A
    Option A
  • B
    Option B
  • C
    Option C
  • D
    Option D
Answer
Not Available
7
Purchased goods amounting to Rs.200000 out of which goods of Rs.180000 were purchased on credit from D. Lal Journal entry will be
  • A
    Option A
  • B
    Option B
    Correct
  • C
    Option C
  • D
    Option D
8
Provide 10 % interest on capital amounted to Rs.100000.Calculate amount of interest
  • A
    Rs.1000
  • B
    Rs.100
  • C
    Rs.10000
    Correct
  • D
    Rs.100000
9
Goods costing Rs.500 given as charity (Sales price Rs.600).What amount should be charity account debited
  • A
    Rs.500
    Correct
  • B
    Rs.1100
  • C
    Rs.100
  • D
    Rs.600
10
Goods costing Rs.500 given as charity (Sales price Rs.600).Which account should be credited while making a journal entry
  • A
    Sale
  • B
    Purchase
    Correct
  • C
    Charity
  • D
    Goods
11
Paid landlord Rs.1500 rent. One third of the premises are occupied by the proprietor for his own residence. Calculate amount of rent
  • A
    Rs.2000
  • B
    Rs.1000
    Correct
  • C
    Rs.1500
  • D
    Rs.500
12
Bricks, cement etc for Rs.150000 and timber for Rs.200000 purchased and used for the construction of building. Which account should be debited
  • A
    Purchase
  • B
    Bricks
  • C
    Building
    Correct
  • D
    Timber
13
Bricks, cement etc for Rs.150000 and timber for Rs.200000 purchased and used for the construction of building. Journal entry will be
  • A
    Option A
    Correct
  • B
    Option B
  • C
    Option C
  • D
    Option D
14
Paid Rs.200 for refreshment for a customer. While making a journal entry which account should be debited
  • A
    Customer A/c
  • B
    None of these
  • C
    Sundry Expenses
    Correct
  • D
    Refreshment
15
Goods damaged by fire Rs.1000 and Insurance company accepted claim of Rs.800. Journal entry will be
  • A
    Option A
  • B
    Option B
    Correct
  • C
    Option C
  • D
    Option D