Journal Questions and Answers AP Inter 1st Year Accounts Chapter 4

Andhra Pradesh BIEAP AP Inter 1st Year Accounts Study Material Pdf 4th Lesson Journal Textbook Exercise Questions and Answers.

Journal Class 11 Questions and Answers AP Inter 1st Year Accountancy 4th Lesson

I. Fill in the Blanks for the following questions. (1 Mark)

Question 1.
………… is called a “Book of Original entry” (or) “Book of primary Entry”.
Answer:
A journal

Question 2.
The process of recording the transaction in the Journal is called ………..
Answer:
Journalizing

Question 3.
………….. is a book in which an accounting transaction is written in accounting terms.
Answer:
Ajournal

Question 4.
L.F. means ………
Answer:
Ledger Folio

Question 5.
Goodwill is a Account.
Answer:
Real

Question 6.
Accounts that are not personal are called Accounts
Answer:
impersonal

II. Very Short Answer Type Questions (2 Marks)

Question 1.
What is a Journal ?
Answer:
A journal is a book where financial transactions are first recorded in chronological order.

Question 2.
What is Journalizing ?
Answer:
Journalizing is the process of recording transactions in the journal.

Question 3.
What is Journal Entry ?
Answer:
A journal entry is a record of a financial transaction in the journal.

Problems

Question 1.
Journalise the following transactions in the books of Mr. Raghu

Solution:

Question 2.
Pass journal entries in the books of Mr. Khan

Solution:

Question 3.
Journalise the following transactions:

Solution:

Question 4.
Pass journal entries in the Books of Bharat.

Solution:

Question 5.
Record the following transactions in the Journal of Jaya

Solution:

Question 6.
Mr. Rajesh started his business on 01-07-2024, with a capital of Rs. 5,00,000/- pass journal entries for the following transactions.

Solution:

Question 7.
Journalise the following transactions in the books of Raj

Solution:

Question 8.
Pass journal entries for the following transactions.

Solution:

Question 9.
Journalise the following transactions.

Answer:

Question 10.
Pass journal entries in the books of Mr. Sharma.

Answer:

Question 11.
Journalise the following transactions in the books of praveen

Solution:

Question 12.
Journalise the following transactions in the books of Mr. Venkat.

Solution: