Case Study

Journalise the following transactions, post them in

the ledger and balance the accounts in the books of Mr.
Rajesh.

2011 ` Amount 

Jan. 1 Started business with cash  2,00,000

Jan. 3 Purchased goods for cash  60,000

Jan. 5 Sold goods to Shyam  60,000

Jan. 6 Sold goods for cash  20,000

Jan. 9 Received cash from Shyam  40,000

Jan. 13 Goods purchased from Ram  40,000

Jan. 20 Cash paid to Ram  20,000

Jan. 25 Paid office rent 4,000

Jan. 31 Paid salaries to staff  20,000

Jan. 31 Returned goods by Shyam  10,000

Question-1: "How much amount has been brought down (b/d) in ledger Capital account
on February 1,2011"

Select one:

a. "2,00,000"

b. "3,00,000"

c. "1,75,000"

d. "2,00,500"

Clear my choice

Question 2
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Question text
"How much amount has been posted into ledger Capital account on January 1,2011"

Select one:

a. "2,40,000"

b. "2,00,000"

c. "1,50,000"

d. "2,00,500"

Clear my choice

Question 3
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"How much cash has been brought down (b/d) in cash ledger on February 1, 2011"

Select one:

a. "2,40,000"

b. "1,75,000"

c. "3,00,000"

d. "1,56,000"

Clear my choice
Question 4
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Cash in Hand on January 31 was .

Select one:

a. "1,56,000"

b. "2,00,000"

c. "1,60,000"

d. "1,45,000"

Clear my choice

Question 5
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Cash outflow during the month of january was...

Select one:

a. "1,04,000"

b. "1,10,000"

c. "1,56,000"
d. "2,00,000"

Clear my choice

Question 6
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Cash received during the month of january was .

Select one:

a. "2,70,000"

b. "3,00,000"

c. "2,60,000"

d. "2,50,000"

Clear my choice

Question 7
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How much balance brought down (b/d) to the month of February in
Shyam Ledger Account?

Select one:

a. "20,000"
b. "10,000"

c. "15,000"

d. "23,000"

Clear my choice

Question 8
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what is the debit (dr.) side total of journal entries for january month

Select one:

a. "4,74,000"

b. "5,00,000"

c. "4,50,000"

d. "3,50,000"

Clear my choice

Question 9
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What is the value of Credit purchase?
Select one:

a. "40,000"

b. "60,000"

c. "1,00,000"

d. "1,20,000"

Clear my choice

Q u e s t i o n   10
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What is the value of Credit sales ?

Select one:

a. "60,000"

b. "80,000"

c. "20,000"

d. "1,00,000"