Journal Entries
Commerce ⇒ Accountancy
Journal Entries starts at 11 and continues till grade 12.
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See sample questions for grade 12
A business owner invested ₹50,000 in cash as capital. Pass the journal entry.
A business paid insurance premium of ₹1,200 by cheque. Pass the journal entry.
A business purchased furniture for ₹10,000 in cash. Pass the journal entry.
A business received commission of ₹1,500. Pass the journal entry.
A cheque of ₹4,000 received from a customer was dishonoured. Pass the journal entry.
Explain the difference between a simple and a compound journal entry.
Explain the meaning of 'double entry system' in relation to journal entries.
Explain the purpose of a narration in a journal entry.
Pass the journal entry for: Goods purchased from Sohan for ₹8,000 on credit.
Pass the journal entry for: Goods worth ₹5,000 withdrawn by the proprietor for personal use.
Pass the journal entry for: Paid electricity bill of ₹1,000 in cash.
Pass the journal entry for: Paid rent ₹2,000 by cheque.
Pass the journal entry for: Paid salary ₹3,000 and wages ₹2,000 in cash.
Pass the journal entry for: Received ₹2,000 from Ram, previously written off as bad debts.
State the rule for debit and credit for a nominal account.
State the rule for debit and credit for a real account.
What is a journal entry in accounting?
