PRACTICE ASSIGNMENT # 14 OF THE BOOK OF ORIGIN - JOURNAL



ASSIGNMENT # 14

JOURNALISE THE FOLLOWING TRANSACTIONS:

REMEMBER THE STEPS TO JOURNALISE:






1
Purchased chairs from personal money and contributed to business Rs. 1,000.
2
Purchased Machinery of 1,00,000 for which 20 % advance was already given, balance paid by two cheques of equal amount one from savings A/c and one from Current A/c.
3
Extra office Air conditioner taken to home Rs. 15,000
.


4
Stationery given to the children of the owner Rs. 800
.


5
Borrowed from bank Rs. 7,500.
6
Started business by taking loan from father Rs. 50,000.
7
Gave loan of Rs. 5,000 to brother Ramesh.




8
Paid railway freight on behalf of our customer Mr. Nitin Rs. 800.

9
Received an order of goods for Rs. 1,00,000 from Sonu.


10
Sonu's order was executed and cartage Rs. 5,000 was paid in this regard.
HAPPY JOURNALISING!!


Comments

  1. Anonymous19 May 2020 at 09:59

    Gatij Shrivastava
    Roll no. 32
    claa 11B

    ReplyDelete

Post a Comment

Popular posts from this blog

2. Chapter 1: Introduction to Accounting (Continued)

Chapter 1: Introduction to Accounting (Continued) Learning objectives:  *Meaning of accounting  *Characteristics or Features or Attributes of     Accounting   * Accounting Process   * Objectives of Accounting  *  Advantages of Accounting  *  Limitations of Accounting   *  Users of Accounting Information  *  Qualitative Characteristics of Accounting Information  *  Systems of Accounting  *   Role of Accounting in Business Click the link for my Audio Recapitulation from the Previous Class Advantages of Accounting 1. Provides information about financial performance. 2.  Provides assistance to management. 3.  Facilitates comparative study:  intra firm comparison and inter firm comparison. 4. Replaces memory: it maintains systematic records. 5.  Helps in settlement of tax liability. 6.  Helpful in r...
Read more

Class Assessment 1 (Basic Accounting Terms)

DAY 2  CLASS 11 HELLO EVERYONE. I HOPE YOU ARE All READY AND EXCITED FOR THE FIRST SIMPLE AND BASIC CLASS ASSESSMENT.I AM EXPECTING A GOOD RESPONSE FROM EACH ONE OF YOU. KEEPA PENCIL AND CHAPTER NOTES READY FOR ANY REFERENCE. *INSTRUCTIONS FOR THE ACCOUNTANCY CLASS-ASSESSMENT 1* * DURATION OF THE ASSESSMENT  - 20 minutes * Link WILL BE OPENED IN THE  BLOG 5 MINUTES AFTER YOUR CLASS STARTS. * RESPONSES WILL BE ACCEPTED FROM 20 MINUTES THEREAFTER * LINK WILL BE CLOSED AFTER 5 MINUTES FROM THE RESPONSES BEING ACCEPTED * NO RESPONSES WILL BE ACCEPTED AFTER THE CLOSE OF THE LINK. COPY AND PASTE THE BELOW GIVEN LINK IN ADDRESS BAR https://docs.google.com/forms/d/e/1FAIpQLSdq7UJmVNA28SkNlFnSSPtHpAqkXWbp8YgeUWaVbpXLuXWmGA/viewform?usp=sf_link ALL THE BEST.
Read more

Chapter 2 Basic Accounting Terms (Continued, Part 3)

Basic Accounting Terms  Learning Objectives *Introduction  *Important Accounting Terms # Receipts # Deferred Revenue Expenditure # Revenue  # Bills Receivables #  Bills Payable  # Cost  # Entry  # Debit and Credit  # Proprietor  # Bad Debts  # Insolvent  # Solvent  # Book Value  # Invoice  # Entity Introduction Please Note 1. Receipts;  Receipts refer to the amount received or receivable by the business organisation from selling assets, goods or services. Receipts are of two kinds: i. Revenue Receipts : Revenue receipt refers to the amount received or receivable in the normal course of business. Example, amount received from sale of goods or services. The revenue receipts are of recurring in nature.  ii.Capital Receipts: Capital Receipts refers to the amount received or receivable under transactions which are not revenue in nature. For example, ...
Read more