Worksheets11th Cbse accountancy 3rd sep
Total questions: 5
Worksheet time: 3mins
Insurance premium paid for insuring the goods is debited to
Drawings A/c
Insurance expenses A/c
Cash A/c
Capital A/c
Goods costing ₹ 500 given as charity (Sales Price ₹ 600) is credited to
Donation / Charity A/c by ₹ 500
Purchases A/c by ₹ 500
Purchases A/c by ₹ 600
Donation / Charity by ₹ 600
Prakash, who owed ₹ 20,000 became insolvent. 70 paise in a rupee was received from his estate. Bad Debts Account will be debited by
₹ 20,000
₹ 10,000
₹ 6,000
₹ 14,000
A sole trader took goods costing ₹ 1,000 from stock from his own use. The normal selling price of the goods is 1,500.
Which of the following Journal entries would correctly record this?
Dr. Drawings A/c and Cr. Purchases A/c by ₹ 1,000
Dr. Drawings A/c and Cr Sales A/c by ₹ 15,00
Dr. Drawings A/c and act Purchases A/c by ₹ 1,500
Dr. sales A/c and Cr . Drawings A/c by ₹ 1,000
A compound/combined entry is a Journal entry derived by combining more than two accounts in one entry.
True
False
