Gujarat Board GSEB Class 11 Commerce Accounts Important Questions Part 1 Chapter 8 Journal Proper Important Questions and Answers.

GSEB Class 11 Accounts Important Questions Part 1 Chapter 8 Journal Proper

Very Short Questions (VSQs)
Answer the following questions in one sentence : [1 mark each]

Question 1.
What is called Journal proper ?
Answer:
The transactions which are not recorded in any other subsidiary books are recorded in one special subsidiary book which is known as Journal proper.

Question 2.
How is like the format of journal proper ?
Answer:
The format of journal proper is like as journal book.

Question 3.
Which types of transactions are recorded in the journal proper?
Answer:
These types of transactions are recorded in the journal proper :

1. Opening entries,
2. Transactions which are not included in other subsidiary books,
3. Transactions of inter-account transfer,
4. Closing entries,
5. Adjustment entries and
6. Rectification entries.

Question 4.
‘Purchased a machine of ₹ 10,000 from Meet on credit’. In which subsidiary book this transaction is recorded?
Answer:
‘Purchased a machine of ₹ 10,000 from Meet on credit’. This transaction is recorded in the journal proper.

Question 5.
Give the meaning of closing entries.
Answer:
Closing entries means entries given at the end of the accounting year to close various accounts.

Question 6.
Explain the meaning of closing entries.
Answer:
At the end of the accounting year, accounts of incomes, accounts of expenses, accounts of goods, etc. are closed and transferred to trading account or profit and loss account. These entries for closing various accounts are known as Closing entries. All the types of closing entries are recorded in the journal proper.

Question 7.
What is transfer entry ?
Answer:
The entry which is passed in the Journal proper to close one particular account and transfer its balance to another account is called Transfer entry.

Question 8.
Explain the transactions of inter-account transfer.
Answer:
Sometimes due to some reasons, the amount is to be transferred from one account to another account either partially or fully, such transfer is recorded in the journal proper. In the same way when an account is closed at the end of the year and transferred to another account the transfer entry is passed in journal proper.

Question 9.
“₹ 8,000 payable to Mahesh is accepted by Naresh to pay.” In which subsidiary book this transaction is recorded? Why?
Answer:
“₹ 8,000 payable to Mahesh is accepted by Naresh to pay.” This transaction is recorded in the Journal proper because of it is transfer entry.

Question 10.
What are adjustment entries?
Answer:
The entries for certain items such as bad debts (further) written off, depreciation on fixed assets, closing stock, income receivable, expenses’ payable, etc. passed in the journal proper are called Adjustment entries.

Question 11.
Why adjustment entries are to be passed at the end of the year?
Answer:
At the end of every accounting year, entries are to be passed for certain adjustment so that the true performance and true financial position of the business can be known.

Question 12.
Why adjustment entry for closing stock of goods is to be passed at the end of the year?
Answer:
Adjustment entry for closing stock of goods is to be passed at the end of the accounting year because of to know the correct gross profit or gross loss amount.

Question 13.
Why are opening entries passed?
Answer:
The opening entries are passed in the journal proper at the beginning of the accounting year to record the balances of assets and liabilities owned and possessed by the business enterprise.

Question 14.
What are rectification of errors?
Answer:
Entries passed to rectify the errors committed while recording economic transactions are called as rectification of errors.

Question 15.
At the end of the year, indirect expenses accounts are transferred to which account ?
Answer:
At the end of the year, indirect expenses accounts are transferred to profit and loss account.

Question 16.
At the end of the year, Purchase A/c and Sales A/c are transferred to which account?
Answer:
At the end of the year, Purchase A/c and Sales A/c are transferred to Trading A/c.

Question 17.
At the end of the year, direct expenses accounts are transferred to which account?
Answer:
At the end of the year, direct expenses s accounts are transferred to Trading A/c.

Question 18.
Which special goods transactions are recorded in the Journal proper ?
Answer:
These special goods transactions are recorded in the Journal proper :

1. Goods given in charity.
2. Goods given as samples,
3. Goods taken for personal use,
4. Goods given for purchase of any asset and
5. Loss of goods due to fire, accident, theft, etc.

Question 19.
Which internal transactions are recorded s in the journal proper ?
Answer:
Depreciation on fixed assets, loss due to natural calamity, written of goodwill, shortage of goods due to any reasons, etc. are internal transactions. They are all recorded in the journal proper.

Question 20.
Why transactions of bills are recorded in the journal proper ?
Answer:
Generally traders do not keep subsidiary books for recording transactions of bills. In such t a situation, transaction of bills are recorded in S the journal proper.

Short Sums for Journal Proper
Record the following transactions in the journal proper : [ 3 marks each ]

Question 1.
Record the following transactions in the journal proper of Shri Naresh:
1. A bill of ₹ 6,000 drawn on a debtor Ashok, which he accepted and returned it to us.
2. Distributed goods of ₹ 3,000 as free samples.
3. ₹ 6,500 payable to Pankaj is accepted by Yogesh to pay.
Answer:

Question 2.
Record the following transactions in the journal proper of Shri Rakesh Patel:
1. Gave goods of ₹ 5,000 to Anath Ashram.
2. Distributed goods of ₹ 4,000 as free samples.
3. Withdrew goods of ₹ 8,000 from the business for the personal use.
Answer:

Question 3.
Pass journal entries for the following transaction in the journal proper of Shri Dhruv:
1. ₹ 3,000 received from Sejal is recorded in Bijal’s account.
2. ₹ 1,600 received from Karnal for bad debts written off in past, which is credited to Karnal’s account.
3. ₹ 2,500 paid for life insurance premium is debited to Premimum A/c.
Answer:

Question 4.
Form the following, pass necessary journal entries in the Journal Proper of Shri Ektta:
1. Brought machinery of ₹ 10,000; furniture of ₹ 15,000 and stock of goods of ₹ 25,000 for starting the business.

2. At the end of the year, the balance of purchase account is ₹ 75,000; carriage inward
account is ₹ 5,000 and sales return account is ₹ 10,000. Write closing combined entries.

3. Pass closing combined entries for these accounts:(1) Interest received account ₹ 900, (2) Dividend account ₹ 600 and (3) Interest on drawings ₹ 500.
Answer:

Question 5.
Pass adjustment entries for the following adjustment in the Journal proper of Shri Maya :
1. Closing stock of ₹ 30,000.
2. Salary ₹ 8,000 is unpaid.
3. ₹ 600 is accrued for interest.
Answer:

Multiple Choice Questions (MCQs)
Write the correct option from those given below each question : [1 mark each]

Question 1.
Which types of transactions are recorded in the journal proper?
(a) Credit purchase of goods
(b) Credit sales of goods
(c) Credit purchase-sales of an asset
(d) Goods returns
Answer:
(c) Credit purchase-sales of an asset

Question 2.
From the following, which transaction is to be recorded in the journal proper ?
(a) Cash donated ₹ 100
(b) Purchase stationery of ₹ 525
(c) Goods of ₹ 200 returned to Kanu
(d) Purchased furniture against exchange of goods of ₹ 3000
Answer:
(d) Purchased furniture against exchange of goods of ₹ 3000

Question 3.
At the end of the year, Drawings A/c is transferred to which account?
(a) To Capital A/c
(b) To Profit & Loss A/c
(c) To Trading A/c
(d) To Bank A/c
Answer:
(a) To Capital A/c

Question 4.
In which subsidiary book transaction related to bad debts is recorded ?
(a) Purchase book
(b) Sales book
(c) Cash book
(d) Journal proper
Answer:
(d) Journal proper

Question 5.
Purchased machine of ₹ 5,000 from Radhe Traders on credit. In which subsidiary book this transaction is recorded ?
(a) Credit book
(b) Debit book
(c) Journal proper
(d) Journal
Answer:
(c) Journal proper

Question 6.
Where cash sales of machine is recorded ?
(a) In purchase book
(b) In sales book
(c) In cash book
(d) In journal proper
Answer:
(c) In cash book

Question 7.
How is just like the format of the journal proper ?
(a) Journal
(b) Cash book
(c) Trial balance
(d) Purchase book
Answer:
(a) Journal

Question 8.
Entries given at the end of the accounting year to close various accounts means …………….. .
(a) Adjustment entries
(b) Closing entries
(c) Rectification entries
(d) Opening entries
Answer:
(b) Closing entries

Question 9.
Where rectification entries are recorded ?
(a) In cash book
(b) In bills receivable book
(c) In journal proper
(d) In trial balance
Answer:
(c) In journal proper

Question 10.
Which of the following is a part of subsidiary book ?
(a) Debit note
(b) Credit note
(c) Journal
(d) Journal proper
Answer:
(d) Journal proper

Question 11.
How many types of transactions are recorded in the journal proper ?
(a) Four
(b) Five
(c) Six
(d) Only one
Answer:
(c) Six

Question 12.
Additional personal furniture introduced in business is recorded in the ………………… .
(a) Purchase book
(b) Cash book
(c) Journal proper
(d) Assets book
Answer:
(c) Journal proper

Question 13.
Entry for deprication is recorded in the ……………….. .
(a) Trading A/c
(b) Asset book
(c) Journal proper
(d) Cash book
Answer:
(c) Journal proper

Question 14.
At the end of the year, Demurrage A/c closed and transferred to which account ?
(a) Profit & Loss A/c
(b) Business Expense A/c
(c) Purchase Expense A/c
(d) Trading A/c
Answer:
(d) Trading A/c

Question 15.
Endorsement of Bills receivable transaction is recorded in which subsidiary book?
(a) Bills payable book
(b) Credit book
(c) Debit book
(d) Journal proper
Answer:
(d) Journal proper

Question 16.
Out of the following for which transactions journal proper is used?
(a) Limited transactions
(b) Unlimited transactions
(c) None-economic transactions
(d) Future transactions
Answer:
(a) Limited transactions

Question 17.
From the following which entries are recorded in the journal proper ?
(a) Cash sales
(b) Payments by cheque
(c) Inter-account transfer
(d) Credit purchases
Answer:
(c) Inter-account transfer

Question 18.
Which of the following is not recorded in the journal proper ?
(a) Goods given in charity
(b) Goods given as samples
(c) Goods sold on credit
(d) Loss of goods due to fire
Answer:
(c) Goods sold on credit

Question 19.
From the following which entries are not recorded in the Journal proper ?
(a) Opening entries
(b) Closing entries
(c) Cash entries
(d) Rectification entries
Answer:
(c) Cash entries

Question 20.
Transactions which are not included in other books can be divided into how many categories ?
(a) Two
(b) Three
(c) Four
(d) Five
Answer:
(b) Three