UNIQUE INSTITUTE OF COMPUTER TECHNOLOGY

Here are the journal entries for the 10 additional questions:

journal entries questions with solutions pdf

Here are 10 more journal entry-related questions for you:


  1. What is the journal entry for receiving ₹10,000 as advance payment from a customer?
  2. How would you record the payment of ₹7,000 for advertising expenses in cash?
  3. What is the journal entry for purchasing a vehicle worth ₹5,00,000 by taking a loan?
  4. How would you record the sale of an old machine worth ₹50,000 for cash?
  5. What is the journal entry for receiving ₹20,000 as a refund from a supplier?
  6. How would you record the payment of ₹12,000 as insurance premium by cheque?
  7. What is the journal entry for writing off ₹4,000 as discount allowed to a debtor?
  8. How would you record the purchase of stationery worth ₹3,000 in cash?
  9. What is the journal entry for transferring ₹1,00,000 from the business account to the owner’s personal account?
  10. How would you record the donation of ₹15,000 given to a charity in cash?

Let me know if you’d like the journal entries for these questions as well! 😊

in sabka entry karke dijiye

Sure! Here are the journal entries for the 10 additional questions:


1. Receiving ₹10,000 as advance payment from a customer:

AccountDebit (₹)Credit (₹)
Cash/Bank A/c10,000
Advance from Customer A/c10,000

Explanation:
Cash/Bank is received, so the Cash/Bank Account is debited. The advance is a liability, so the Advance from Customer Account is credited.


2. Payment of ₹7,000 for advertising expenses in cash:

AccountDebit (₹)Credit (₹)
Advertising Expense A/c7,000
Cash A/c7,000

Explanation:
Advertising is an expense, so the Advertising Expense Account is debited. Cash is paid, so the Cash Account is credited.


3. Purchasing a vehicle worth ₹5,00,000 by taking a loan:

AccountDebit (₹)Credit (₹)
Vehicle A/c5,00,000
Loan A/c5,00,000

Explanation:
The vehicle is an asset, so the Vehicle Account is debited. The loan is a liability, so the Loan Account is credited.


4. Sale of an old machine worth ₹50,000 for cash:

AccountDebit (₹)Credit (₹)
Cash A/c50,000
Machine A/c50,000

Explanation:
Cash is received, so the Cash Account is debited. The machine is an asset, so the Machine Account is credited.


5. Receiving ₹20,000 as a refund from a supplier:

AccountDebit (₹)Credit (₹)
Cash/Bank A/c20,000
Supplier A/c20,000

Explanation:
Cash/Bank is received, so the Cash/Bank Account is debited. The supplier’s balance is reduced, so the Supplier Account is credited.


6. Payment of ₹12,000 as insurance premium by cheque:

AccountDebit (₹)Credit (₹)
Insurance Premium A/c12,000
Bank A/c12,000

Explanation:
Insurance is an expense, so the Insurance Premium Account is debited. Payment is made by cheque, so the Bank Account is credited.


7. Writing off ₹4,000 as discount allowed to a debtor:

AccountDebit (₹)Credit (₹)
Discount Allowed A/c4,000
Debtor A/c4,000

Explanation:
Discount allowed is an expense, so the Discount Allowed Account is debited. The debtor’s balance is reduced, so the Debtor Account is credited.


8. Purchase of stationery worth ₹3,000 in cash:

AccountDebit (₹)Credit (₹)
Stationery A/c3,000
Cash A/c3,000

Explanation:
Stationery is an expense, so the Stationery Account is debited. Cash is paid, so the Cash Account is credited.


9. Transferring ₹1,00,000 from the business account to the owner’s personal account:

AccountDebit (₹)Credit (₹)
Drawings A/c1,00,000
Bank A/c1,00,000

Explanation:
The amount withdrawn by the owner is recorded in the Drawings Account (debited). The bank balance is reduced, so the Bank Account is credited.


10. Donation of ₹15,000 given to a charity in cash:

AccountDebit (₹)Credit (₹)
Donation A/c15,000
Cash A/c15,000

Explanation:
Donation is an expense, so the Donation Account is debited. Cash is paid, so the Cash Account is credited.


Let me know if you need further clarification! 😊