ACCOUNTANCY WORKSHEET
CLASS XI
Question 1:
Prepare Accounting Equation from the following:-
(₹)
1. Sandeep started business with Cash 1,00,000
2. Purchased furniture for cash 5,000
3. Purchased goods for cash 20,000
4. Purchased goods on credit 36,000
5. Paid for rent 700
Question 2:
Show the Accounting Equation on the basis of the following and present a balance
sheet on the last new equation balances:
(₹)
(i) Manu started business with cash 50,000
(ii) Bought furniture for 500
(iii) Purchased goods on credit 4,000
(iv) Sold goods on cash (cost ₹ 500) for 700
(v) Received rent 200
(vi) Purchased goods for cash 1,000
(vii) Withdrew for personal use 700
(viii) Paid to creditors 400
(ix) Paid for salaries 200
Question 3:
Prove that the Accounting Equation is satisfied in all the following transactions of
Rajaram. Also prepare a Balance Sheet:−
1. Started business with Cash ₹ 1,20,000.
2. Purchased a typewriter for Cash for ₹ 8,000 for office use.
3. Purchased goods for ₹ 50,000 for cash.
4. Purchased goods for ₹ 40,000 on credit.
5. Goods costing ₹ 60,000 sold for ₹ 80,000 on credit.
6. Paid for Rent ₹ 1,500 and for salaries ₹ 2,000.
7. Received ₹ 800 for Commission.
8. Withdrew for private use ₹ 5,000 in cash.
Question 4:
Use Accounting Equation to show the effect of the following transactions of M/s
Royal Traders :
(₹)
(a) Started Business with Cash 1,20,000
(b) Purchased goods for cash 10,000
(c) Rent received 5,000
(d) Salary Outstanding 2,000
(e) Prepaid insurance 1,000
(f) Received interest 700
(g) Sold goods for cash (costing 5,000) 7,000
(h) Goods destroyed by fire 500
Question 5:
Prepare Accounting Equation from the following :−
1. Started business with cash 75,000 and goods 25,000.
2. Paid for Rent 2,000.
3. Bought goods for cash 30,000 and on credit for 44,000.
4. Goods costing 50,000 sold at a profit of 25%, out of which 27,500 received in cash.
5. Purchased a Motor-cycle for personal use 20,000.
Question 6:
Prepare Accounting Equation from the following and also prepare a Balance
Sheet:-
1. Raghu started business with Cash ₹1,50,000.
2. Bought goods for cash 80,000 and on credit for 40,000.
3. Goods costing 75,000 sold at a profit of 33.33%. Half the payment received in cash.
4. Goods costing 10,000 sold for 12,000 on credit.
5. Paid for Rent 2,000 and for salaries 4,000.
6. Goods costing 20,000 sold for 18,500 for Cash.
Question 7:
Enter the following transactions in the Journal of Sahil Bros. :
2016 ₹
October 1 Purchased goods from Anil for Cash 40,000
3 Purchased goods from Atul 75,000
6 Returned goods from Atul 3,000
8 Paid cash to Atul 50,000
10 Sold goods to Charu 1,00,000
12 Charu returned 20% of goods
15 Paid rent 2,000
20 Sahil withdrew for personal use 10,000
Question 8
Enter the following transactions in the Journal of Ganesh Bros. :
2024 ₹
March 3 Sold goods to Dev 1,00,000
5 Received from Dev in full settlement of his account 98,000
6 Sold goods to Manmohan 80,000
8 Manmohan returned goods 1,000
Received from Manmohan in full settlement of his account
15 78,200
Received cash from Ram
16 19,500
and discount allowed 500
20 Paid cash to Pawan 4,700
and discount received from him 300
Question 9:
Enter the following transaction in the Journal of Marutinandan Stores:
2020
Purchased goods from Ghanshyam of the list price of ₹50,000 at 15% trade
Jan. 10
discount.
13 Returned goods to Ghanshyam of the list price of ₹2,000.
15 Paid cash to Ghanshyam ₹40,000 in full settlement of his account.
Purchased goods from Raghu of the list price of ₹60,000 at 10% trade
20
discount.
22 Returned goods to Raghu of the list price of ₹5,000.
25 Paid cash to Raghu ₹49,000 in full settlement of his account.
Question 10:
Record the following transactions in the Journal of Shyam Sunder & Sons :
2024
April Shyam Sunder & Sons started business with Cash ₹75,000; Goods ₹30,000
1 and Furniture ₹ 5,000.
2 Sold goods to Bhushan of the list price of ₹10,000
5 Bhushan returned goods of ₹1,000.
10 Received from Bhushan ₹8,000 in full settlement of his account.
12 Purchased Furniture for ₹6,000. Purchased
goods from Navin for ₹25,000
15 Returned goods to Navin goods of ₹2,000
16 Received cash Rs. ₹22,000, Cleared by Navin.
17 Sold goods to Ajay 10,000 and Vijay ₹16,000.
20 Received cash from Ajay ₹9,800 in full settlement of his account.
Paid insurance premium ₹ 750.
22 Paid for Shyam Sunder's Life Insurance Premium ₹1,200.
24 Purchased goods for ₹8,000 for cash.
Received cash from Vijay at a cash discount of 5% in full
25
settlement of his account.
30 Paid Rent ₹800; Advertisement ₹1,000; and Salaries ₹4,000.
Received Commission ₹500.
30 Received Rent ₹ 2,500.
