Journal Entries
Commerce ⇒ Accountancy
Journal Entries starts at 11 and continues till grade 12.
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See sample questions for grade 11
A business owner withdrew ₹1,000 cash for personal use. What is the journal entry?
A business paid ₹1,200 for electricity charges. What is the journal entry?
A business paid ₹2,000 as rent. What is the journal entry?
A business paid ₹500 as carriage inward. What is the journal entry?
A business purchased furniture worth ₹8,000 by cheque. What is the journal entry?
A business purchased goods worth ₹6,000 from Mohan on credit. What is the journal entry?
A business received ₹10,000 from a debtor. What is the journal entry?
A business received commission of ₹2,500. What is the journal entry?
Explain the difference between a simple and a compound journal entry.
Explain the importance of narration in a journal entry.
Explain the rule of debit and credit for personal accounts.
Explain why every journal entry must have at least one debit and one credit.
If goods worth ₹5,000 are purchased for cash, what will be the journal entry?
State the rule of debit and credit for nominal accounts.
What is a journal entry in accounting?
What is the effect of the following transaction: Paid salary ₹5,000?
What is the purpose of a compound journal entry?
Which account is debited when cash is received from a customer?
