Posting from Journal

Q.

Name the different types of hyperlinks in HTML.

Q.

What is formatting a document?

Q. Recording of transaction in ledger is called as ___ .

1. Journalizing
2. Posting
3. Recording
4. Ledgerising

Q. If debit side of a bank account is greater than credit side, it represents?

1. Cash at bank
2. Bank Loan
3. Bank Overdraft
4. None of the above

Q.

The process of transferring the debit & credit items from a journal to their respective accounts in ledger is called?

1. Balancing

2. Entry

3. Posting

4. Arithmetic

Q.

Mr. Ramu has the following transactions in the month of July.
July 1st : Ramu started business with a capital of 75, 000
2nd : Purchased goods from Manu on credit 25, 000
3rd : Sold goods to Sonu 20, 000 for cash
4th : Purchased goods from Meenu 15, 000 for cash
5th : Sold goods to Tanu for cash 16, 000
6th : Goods retuned to Manu 2, 000
7th : Bought furniture for 15, 000
8th : Bought goods from Zenu 12, 000 on credit
9th : Cash paid to Manu 10, 000
10th : Sold goods to Jane 13, 500 on credit

What shall be the cash balance after considering the above transactions?

1. Rs 84000 Credit

2. Rs 71000 Debit

3. Rs 71000 Credit

4. None of the above

Q.

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Q.

The payment to a creditor will be shown on ___?

1. Debit side of purchases ledger

2. Debit side of Creditor`s ledger

3. Credit side of creditor`s ledger

4. Debit side of cash

Q.

Rectify the following errors and ascertain the amount of difference in trial balance by preparing a suspense account.

(a) Credit sales to Mohan Rs. 7, 000 were posted as Rs. 9, 000

(b) Credit purchase from Rohan Rs. 9, 000 were posted as Rs. 6, 000

(c) Goods returned to Rakesh Rs. 4, 000 were posted as Rs. 5, 000.

(d) Goods returned from Mahesh Rs. 1, 000 were posted as Rs. 3, 000.

(e) Cash sales Rs. 2, 000 were posted as Rs. 200.

Q.

To which side of the ledger account are the transactions on the payments side of the cash book posted?

Q. is the process of transferring the debit and credit items from a journal to their respective accounts in ledger.

1. Balancing
2. Posting
3. Entry
4. Publishing

Q.

How to make visible the desired toolbar a spreadsheet

Q.

To which side of the ledger account are the transactions on the receipts side of the cash book posted ?

Q.

Transactions of Sunil for the month of April are given below. Journalise them.
$$\begin{array}{cc}2016& \text{Amt. (Rs)}\\ \text{Apr 1 Sunil started business with cash}& 3,00,000\\ \text{Apr 3 Bought goods for cash}& 15,000\\ \text{Apr 13 Sold good toi Aditya}& 4,500\\ \text{Apr 20 Bought goods from Sunney}& 6,750\\ \text{Apr 24 Received from Aditya}& 4,500\\ \text{Apr 28 Paid cash to sunny}& 6,450\\ \text{Apr 30 Cash sales for the month}& 24,000\\ \text{Apr 30 paid salary to Ram}& 9,000\\ \text{Apr 30 Goods wwere ruturned to abhilshek}& 10,000\end{array}$$

Q.

Journalise the following transactions in the books of Miss. Nivedita.

2010 May	1	Commenced business with Cash Rs 2, 10, 000.
	4	Purchased goods for cash Rs 60, 000.
	5	Sold good for cash Rs 70, 000.
	9	Deposited into Bank of India Rs 1, 00, 000.
	13	Paid for stationery Rs 10, 000.
	17	Purchased Computer with printer Rs 40, 000.
	21	Purchased goods from Ravi for Rs 50, 000 on credit.
	25	Paid for Office Rent Rs 2, 000.
	26	Received Commission Rs 1, 000.
	30	Withdrew from bank for office use Rs 50, 000.
	31	Paid for salaries Rs 4, 500.

Q.

Increase in expense will be shown on _____ side of expenses account.

1. Credit

2. Outstanding

3. Debit

4. Cash

Q. Journalise the following transactions in the books of Mr. Akshay.

2010 April	1	Mr. Akshay started business with Cash Rs 80, 000.
	4	Purchased goods form Mona Rs 28, 000.
	7	Deposited cash into Dena Bank Rs 39, 000.
	10	Sold goods to Dinesh Rs 41, 000.
	13	Purchased Laptop of Rs 30, 000 in cash.
	17	Paid Mona by cheque Rs 30, 000.
	20	Paid wages Rs 500.

Q.

How do you write a ledger?

Q.

Refctify the following errors and ascertain the amount of difference in trial balance by preparing suspense account.
(i) Credit sales to Mohan Rs. 7.000 were not posted.
(ii) Credit purchase from Rohan Rs. 9, 000 were not posted.
(iii) Goods returned to Rakesh Rs. 4, 000 were not posted.
(iv) Goods returned from Mahesh Rs. 1, 000 were not posted.
(v) Cash paid to Ganesh Rs. 3, 000 was not posted
(vi) Cash sales Rs. 2, 000 were not posted.

Q. Transferring an entry from Journal to ledger is called journalisation.

1. True
2. False

Q. Rectify the following errors -
1) Credit sales to MohanRs7000 posted to Karan as Rs5000.
2) Total of returns inward book rs2800 posted to purchases a/c .
3) Old machinery sold for Rs 2000 to Manish recorded through sales book as Rs1800.
4) Goods returned to raiRs3000 recorded through sales book as rs 1000 .
5) Furniture purchased from VisheshRs 6000 was recorded through purchases book as Rs 5000 and posted to credit of vishesh as Rs 2000 .

Q. Select the most appropriate alternatives from those given below and rewrite the sentence.

__________ Key is used for entering transaction in purchase voucher.
a) F5
b) F6
c) F9
d) F8

Q.

Pass the journal entries for the following
(i) Proprietor withdrew for his personal use cash Rs. 10, 000 and goods worth Rs. 5, 000.
(ii) Goods worth Rs. 25, 000 wwere given away as charity (sale price Rs. 30, 000).
(iii) goods worth Rs. 12, 500 wwere distributed as free samples.
(iv) Goods worth Rs. 25, 000 and cash Rs. 10, 000 were stolen by an employee.
(v) Goods worth Rs. 50, 000 were destroyed by fire. Insurance company admitted and paid claim for 60% amount.

Q. Capital on 1 January Rs.65, 000, Interest on drawing Rs.5, 000, Interest on Capital Rs.2, 000, Drawings Rs.14, 000, Profit for the year Rs.15, 000. His capital as on 31 December will be _____________.

1. Rs. 67, 000
2. Rs.63, 000
3. Rs.77, 000
4. Rs.89, 000

Q. Goods returned to X for Rs. 5000 recorded in Purchase book as Rs. 5500. This ______.

1. not affect the agreement of trial balance
2. will affect the agreement of trial balance
3. may or may not affect the agreement of trial balance
4. none of these

Q. Which of the following items are included in the Receipts and Payments Account ?

1. Only revenue nature receipts and payments relating to a particular accounting period
2. Only capital nature receipts and payments relating to a particular accounting period
3. All kinds of receipts and payments during a particular accounting period
4. All kinds of receipts and payments relating to a particular accounting period

Q. Answer in once sentence only.

In which order the transactions are recorded in a journal?

Q.

State whether the following accounts will indicate a debit or credit balance.

(i) Outstanding Salary (ii) Commission received

Q. do journal entry, ledger and trial balance-
2014
jan 1-Ch.Ramlal started business with cash Rs 10, 000
jan 3-goods purchased for cash Rs 3000
Jan 5-goods purchased from Ram Rs 2000
Jan 7-good ssold for cash Rs1000
​Jan 10-Good sold to Shyam Rs 3000
jan 12-Cash paid to Ram Rs 1000
Jan 17-Cash received from Shyam-2, 000
Jan 23-Paid for wages Rs 50

Q. Give me 25-30 transactions consisting along with journal entries, Ledger, Trial Balance, Financial Statements.Transactions including wde range of diiferent types of accounts and transactions for accounts project from a point of view of a specific type of bussiness.