BOOK OF PRIME ENTRY CHAPTER
JOURNAL ENTRIES WORKSHEET QUESTIONS FOR PRACTICE AND REVISION
1. Commenced business with cash Rs. 5, 00,000
2. Commenced business with stock Rs. 17800
3. Commenced business with cash Rs. 50000, Buildings Rs. 1,
00,000
4. Cash purchases Rs. 2500
5. Bought goods for cash Rs. 1850
6. Purchased goods by paying cash Rs. 3690
7. Bought goods from Ravi by cash Rs. 750
8. Bought goods from Kannan on credit Rs. 565
9. Purchased goods through NEFT Rs.420
10. Bought goods through Credit card Rs.320
11. Bought goods through debit card Rs. 960
12. Purchase returns Rs. 245
1 3. Cash sales Rs. 8000
14. Sold goods by paying cash Rs. 4500
15. Sold goods to Vijay by cash Rs. 6900
16. Sold goods for cash Rs.2400
17. Sold goods to Ramu on credit Rs.850
18. Sold goods through credit card Rs.630
19. Sales returns Rs.250
20. Cash deposited into bank Rs.360
21. Cash withdrew from bank Rs. 975
23. Cash withdrew from bank for office use Rs.755
24. Cash withdrew from bank for personal use Rs. 680
25. Cash paid to Somu Rs. 380
26. Cash received from Rad Rs.450
27. Electricity charges paid Rs. 700
28. Rent paid Rs. 1500
29. Salaries paid by cheque Rs. 6800
30. Advertisement charges paid Rs. 2000
31. Travelling expenses paid Rs. 450
32. Discount allowed Rs.690
33. Insurance premium paid Rs. 360
34. Dividend received Rs. 8750
35. Commission received Rs. 5080
36. Bought furniture Rs. 50000
37. Bought motor car from Ganesh Rs. 300000
38. Sold buildings Rs. 125000
39. Sold machinery to Ram Rs. 8500
40. Borrowed loan from bank Rs. 25000
41. Bank charges levied Rs. 780
42. Stationery purchased for and paid through net banking Rs.
850
43. Paid A and Co. through RTGS Rs. 300
44. Dividend directly received by bank Rs.6800
45. Money withdrawn from ATM Rs.7500
46. Salaries paid through ECS Rs.10000
47. Insurance: paid by the bank as per standing instructions
Rs. 2,000
48. Bad debts Rs.6000
50. Depreciation on furniture Rs. 100
1. Opened a bank account by depositing cash 1, 00,000
2. 'A 4 papers' sold on credit to Padmini and Co. 60,000
3. Bills received from Padmini and Co. for the amount due
4. Bills received from Padmini and Co. discounted with the
bank 58.000
5. Bills of Padmini and Co. Dishonored
6. Paid ' 4.800 in full settlement of ' 5.000 due to the
creditor. Keerthana.
7. Dinesh, a customer is declared insolvent and 40 paise in
rupee is received for his due
10,000.
8. Towels given as charities 3,000
9. Shirts taken over by Ananth for personal use 1 2,000
10. Sarees distributed as free samples 3,000
11. Goods (table clothes) used for offence use 200
12. Building purchased from Kumar for 1, 00,000 and an
advance of 20,000 is given in cash
13. Purchased goods from X and Co. On credit 40,000
14. Accepted bill drawn by X and Co. 20.000
15. Paid by cash the bill drawn by X and Co.
16. Sold goods to D and Co. on credit 10,000
19. Income tax of Den is paid by cheque 10,000
20. Sales made to Kumar, who deposited the money through CDM
10,000
21 . Cricket bats donated to a trust 10,000
22. Cricket bats donated to a trust 10,000
23. Lunch provided at nee of cost to a charity 1,000
24. Bank charges for locker rent 1,000