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Class Xi - Accountancy JOURNAL Class 11

Questions
Accounting Equation
2 pages

The document provides examples of

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accounting equation questions involving Final Accounts Without
various business transactions. 1) It asks to Adjustments: Debit
Balances: Debit Balances…
prepare accounting equations showing the CLASS XI –ACCOUNTANCY ACCOUNTING EQUATION
(Contd.)
effects of transactions like… Full description 7 pages

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Cashbook Questions For

Q1:(Preparation of accounting equation)
AI-enhanced title and description Mr. X commenced his business on 1st April, 2008 by introducing capital of Rs. 50,000. During the
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year, following transactions had taken place-

Amount Rs. 21 pages

(a) Bought Machine for cash. ` 20,000 PDF 100% (6)

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Journal To Final Accounts
(b) Purchased goods for 24,000

(c) Sold goods (costing Rs. 9,500) to Om for cash. 20,000

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38 pages
(d) Purchased goods from Azhar. 14,000
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(e) Introduced additional capital. 16,000
Accounting Eq Class 11
(f) Commission received in advance. 2,000 Practice Questions

(g) Paid to Creditors Rs. 10,500 in full settlement.

3 pages

(h) Bought Computer for his personal use. 10,000

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(i) Rent paid for the year. 10,000 MCQ Business Studies 11-1

(j) Payment for stationery 400

44 pages
(k) Sold goods (costing Rs 12,000) for Rs 16,000. Out of

which Rs. 2,000 received in cash. PDF 67% (3)

CBSE Class 11
Show the above transactions in accounting equations. Accountancy - Journal
Entries

1 page

Q2: From the following particulars of Mr. Atif, prepare the accounting equation:
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(a) Started business with cash for Rs. 4,50,000 and Building Rs. 20,00,000. UT-1 Business Studies

(b) Paid into bank Rs. 2,00,000.

(c) Purchase furniture for cash Rs. 40,000. 6 pages

(d) Purchased goods for cash Rs. 2,00,000. PDF

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Class 11 Chapter 1 Case
(e) Sold goods (costing Rs. 3,000) for cash Rs. 3,400. Study

(f) Expenses outstanding worth Rs. 2,000.

3 pages

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Accountancy Worksheet
Grade XI Chapter 1 and
Chapter 2

2 pages
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Questions

45 pages

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XI Accounts Case Based
Questions
(g) Received securities deposit from tenants Rs. 5,500.
10 pages
(h) Sold goods to Mohan (costing Rs 20,000) for Rs. 10,000.
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(i) Paid telephone expenses Rs 19,100.
Model Question Paper
Q3: Show the accounting equation related to business of Miss. Reetu with the help of following Class 11 Accounts

transcations:
97 pages
(i) Invested Rs. 50,00,000 as capital in business.
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(ii) Purchased a buliding on cash from Hari Mohan Rs. 25,00,000 by taking a loan from
Accountancy Class 11 Most
bank.
Important Sample Paper
2023-2024
(iii) Paid interest on loan Rs. 40,000 and instalment of Rs. 3,50,000.
12 pages
(iv) Purchased goods from Rajiv Rs. 2,00,000.
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(v) Returned goods to Rajiv costing Rs. 30,000.
Trial Balance and Final
Accounts Problems
(vi) Sold goods worth Rs. 60,000 to Rohan.

(vii) Received Rs. 20,000 from Rohan. 6 pages

(viii) Took goods of Rs. 15,000 from business for personal use. PDF 100% (1)

(ix) Accrued interest Rs. 15,000. Cash Book Problems

(x) Commission received in advance Rs. 20,000.

6 pages

Q4: Vijay had undertaken the following transactions during the year 2005-06. Prepare an PDF 0% (1)
Final Accounts of Sole
accounting equation to show the effect on his assets, liabilities and capital :
Proprietorship Questions
(a) Started business with cash Rs 2,30,000
(b) Purchased goods for cash Rs 40,000 and on credit Rs 30,000
(c) Purchased a television for personal use worth Rs 16,000. 6 pages

(d) Sold goods for cash Rs 24,000 (costing Rs 17,000).

(e) Received commission Rs 4,300. PDF No ratings yet

(f) Stationery and postage expenses paid Rs 1,000. CBSE Class 12

Accountancy Accounting
(g) Cash payment made for household expenses Rs 21,000.
For Partnership Firms…
(h) Paid to Creditors Rs 19,500.
Worksheet Set B
8 pages

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Q5: Malti started a business with cash Rs 2,00,000 and furniture Rs 6,000. During the year, the
Ts Grewal Solutions For
following transactions took place. Class 11 Accountancy
Chapter 5 Journal PDF
(a) Purchased stock from Neeraj for Rs 80,000.
(b) Paid rent for the year Rs. 24,000. 46 pages

(c) Postage and stationery charges paid Rs 100.

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Journal Entries

61 pages

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DR Vinod Kumar

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F Accountancy SQP XI
2023-24 F

9 pages

(d) Paid to Neeraj Rs 50,000.

(e) Goods purchased for cash Rs 10,000. PDF
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(f) Purchases of Rs. 2,000 returned and cash received Accounting Equation

(g) Sold goods to Amit (costing Rs 6,000 ) at a profit of 20% on Sale.

(h) Depreciation charged on furniture Rs. 100.
15 pages

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Q6:Show the accounting equation on the basis of the following transactions : TS Grewal Accountancy
(a) Jeet commenced business with Rs 11,50,000. Class 11 Solution Chapter
(b) Wages paid Rs 4,000 and outstanding Rs 6,000. 12 Accounting of Goods…
(c) Goods purchased for Rs 80,000. and Services Tax (GST)
21 pages
(d) Computer purchased from Star Computers worth Rs 30,000 and paid half the
amount in cash. PDF No ratings yet
(e) Invested Rs. 90,000 into the bank.
Journal Worksheet
(f) Goods purchased from Vaibhav for Rs 8,000and made the payment by cheque.
(g) Purchased a building for Rs. 6,00,000 and the payment was made by cash.
(h) 1/2 of the stock available was sold to Mohit at a profit of 25% on cost.
16 pages
Also prepare a Balance Sheet with the final balances.
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