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

AP Inter 1st Year Accountancy Study Material 4th Lesson Journal

Very Short Answer Questions

Question 1.
What is Journal ?
Answer:
The word ‘Journal, is derived from the Latin word Journ’ which means a day. Therefore journal means a day book where in day-to-day business transactions are recorded in chronological order. This is also known as ‘Book of original entry’ or ‘Book of primary entry’.

Question 2.
What is Journalizing ?
Answer:
The process of recording the transaction in the Journal is called “Journalizing”.

AP Inter 1st Year Accountancy Study Material Chapter 4 Journal

Question 3.
What is Journal Entry ?
Answer:
The entry made in the Journal is called “Journal entry”.

Question 4.
What is Narration ?
Answer:
Narration means a brief explanation of the transaction for which the entry is recorded is written within the brackets known as ’narration’.

Problems

Question 1.
Mr. Anil started business with cash Rs. 75,000 on 1st January 2014. The details of business transactions for the month of January are as follows.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 1
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 2
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 23

AP Inter 1st Year Accountancy Study Material Chapter 4 Journal

Question 2.
Pass journal entries in the books of Mr. Varan.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 4
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 5
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 6

Question 3.
Journalize the following transactions.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 7
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 8
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 9

Question 4.
Journalize the following transactions in the books of Bhagat.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 10
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 11

AP Inter 1st Year Accountancy Study Material Chapter 4 Journal

Question 5.
Journalize the following transactions.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 12
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 13

Question 6.
Journalize the following transactions in the books of Atma Ram.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 14
Answer:
Journal Entries in the books of Atma Ram
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 15

Question 7.
Journalize the following transactions.
March 01 Commenced business with cash Rs. 13,000 and stock 7,000
March 02 Bought plant Rs. 5,000
March 03 Paid for postage Rs. 500
March 04 Withdrew cash for office use Rs. 1000
March 05 Paid for Sundry Expenses Rs. 500
March 06 Paid into bank Rs. 10,000
March 07 Paid salaries Rs 5,000
Answer:
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 16
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 17

AP Inter 1st Year Accountancy Study Material Chapter 4 Journal

Question 8.
Write journal entries in the books of Sudha & Co.
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 18
Answer:
Journal Entries in the book of Sudha & Co
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 19
AP Inter 1st Year Accountancy Study Material Chapter 4 Journal 20

Student Activity

Visit any organisation and find journal entries from its journal.