CLASS – XI

RULES OF WORKSHEET
BOOK KEEPING &
ACCOUNTANCY
BOOKKEEPI
NG
1. Sort out type of accounts from the following:
(a) Sales return account (b) Bank overdraft account (c) Prepaid Salary
account
(d) Goodwill account (e) Drawings account (f) Depreciation
account

2. Shri Mohit started a new business. His transactions for the month were as
follows:
(a) Started business with cash Rs. 50,000.
(b) Purchased furniture worth Rs.10,000
(c) Purchased goods worth Rs.15,000.
(d) Sold goods for Rs.5,000.
(e) Purchased goods from Sherkhan Rs.5,000.
(f) Sold goods to Shersingh Rs.6,000.
(g) Goods returned to Sherkhan Rs.400.
(h) Paid to Sherkhan Rs.4,500 in full settlement.
(i) Goods returned by Shersingh Rs.300.
(j) Cash received from Shersingh Rs.5,500 in full settlement.
(k) Postage stamps purchased Rs.500.
(l) Opened a bank account by depositing Rs.5,000.
(m) Goods sold to Sohan Rs.3,000.
(n) Cheque received from Sohan.
(o) Sohan’s cheque deposited in bank.
(p) Sohan’s cheque dishonored.
(q) Goods lost by theft Rs.200.
(r) Cash withdrawn from bank for personal use Rs.200.
(s) Goods withdrawn for personal use Rs.100.
(t) Cash withdrawn from bank for office use Rs.500.
(u) Borrowed from Madhya Pradesh Financial Corporation Rs.20,000.
(v) Paid rent Rs.300 by cheque.
(w) Paid salary Rs.600.
(x) Purchased goods from Ram Rs.2,000.

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(y) Goods given in charity Rs.101.
You are required to analyze the transactions according to traditional (English
) approach.

3. Analyse the transactions given in Question no.2 as per American approach.

4. Analyse the following transactions as per traditional approach :

Jan 1 – Commenced business with cash Rs.75,000 & goods Rs.25,000.
2. Jan 2 – Purchased goods from Mohan Rs.15,000 paid cartage Rs.10,000.
3. Jan 5 – Goods sold to Sohan Rs.10,000.
4. Jan 8 – purchase goods from X Rs.20,000.
5. Jan10 – Goods which were purchased from Mohan destroyed in fire. Amount
received from Insurance company Rs.10,000.
6. Jan 12 – Received Rs.9800 from Sohan is fill
7. Jan 15 – Paid telephone bill Rs.500.
8. Jan 20 – Goods sold to Sohan Rs.3,000.
9. Jan 22 – Goods purchase from Mohan Rs.5,000.
10. Jan 25 – Payment made to Mohan Rs.18,000.
11. Jan 31 – Paid wages Rs.1,000 & salary Rs.4,000 in cash.

5. Name the accounts affected in following transactions :

(a) Goods purchased from Shyam Rs.1000.
(b) Rent paid Rs.2000.
(c) Goods sold Rs.3000.
(d) Commenced business with cash Rs.40,000.
(e) Paid sales tax Rs.2000.
(f) Goods with drown for personal use Rs.4000.
(g) Goods purchased Rs.5000.received trade discount 10%.
(h) Paid General Expenses Rs.200.
(i) Received an order for goods Rs.4500.
(j) Sole to Ram Rs.5000.

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