Online Assignment Case Study Mr. Rajesh

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CASE STUDY
Journalise the following transactions, post them in the ledger and balance the accounts in the books of Mr. Rajesh.
2011 ` Amount
Jan. 1 Started business with cash 2,00,000
Jan. 3 Purchased goods for cash 60,000
Jan. 5 Sold goods to Shyam 60,000
Jan. 6 Sold goods for cash 20,000
Jan. 9 Received cash from Shyam 40,000
Jan. 13 Goods purchased from Ram 40,000
Jan. 20 Cash paid to Ram 20,000
Jan. 25 Paid office rent 4,000
Jan. 31 Paid salaries to staff 20,000
Jan. 31 Returned goods by Shyam 10,000

Case study Solution for distance learning program

Question 1
“How much amount has been posted into ledger Capital account on January 1,2011”
( ) “2,00,000”
( ) “2,40,000”
( ) “1,50,000”
( ) “2,00,500”

Question 2
“How much amount has been brought down (b/d) in ledger Capital account on February 1,2011”
( ) “1,75,000”
( ) “2,00,500”
( ) “3,00,000”
( ) “2,00,000”

Question 3
“How much cash has been brought down (b/d) in cash ledger on February 1, 2011”
( ) “2,40,000”
( ) “3,00,000”
( ) “1,56,000”
( ) “1,75,000”

Question 4
What is the value of Credit purchase?
( ) “1,20,000”
( ) “60,000”
( ) “1,00,000”
( ) “40,000”

Question 5
What is the value of Credit sales ?
( ) “1,00,000”
( ) “20,000”
( ) “80,000”
( ) “60,000”

Question 6
How much balance brought down (b/d) to the month of February in Shyam Ledger Account?
( ) “23,000”
( ) “20,000”
( ) “15,000”
( ) “10,000”

Question 7
what is the debit (dr.) side total of journal entries for january month
( ) “4,50,000”
( ) “5,00,000”
( ) “4,74,000”
( ) “3,50,000”

Question 8
Cash received during the month of january was .
( ) “2,70,000”
( ) “2,50,000”
( ) “3,00,000”
( ) “2,60,000”

Question 9
Cash outflow during the month of january was…
( ) “2,00,000”
( ) “1,56,000”
( ) “1,10,000”
( ) “1,04,000”

Question 10
Cash in Hand on January 31 was .
( ) “1,60,000”
( ) “2,00,000”
( ) “1,45,000”
( ) “1,56,000”

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