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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Prepare the Accounting Vouchers for the following transactions:
| 2025 | Transaction | Rs. |
|---|---|---|
| Jan. 1 | Started business with cash | 2,00,000 |
| Jan. 1 | Purchased furniture vide Cash Memo No. 210 | 10,000 |
| Jan. 5 | Opened a Bank Account in Canara Bank | 60,000 |
| Jan. 10 | Purchased garments on credit from M/s Madras Store vide Bill No. 291 | 20,000 |
| Jan. 12 | Sold shirts to Ram Parkash on credit vide Bill No. 1 | 5,000 |
| Jan. 15 | Sold shirts for cash vide Cash Memo No. 1 | 7,000 |
| Jan. 20 | Withdrew from bank for office use by cheque No. 23301 | 20,000 |
| Jan. 27 | Withdrew for personal use by cheque No. 51003 | 5,000 |
Answer:
(i) Jan 1, 2025
| Voucher No. | Date: Jan 1, 2025 Amount: Rs. |
Credit:
| Capital A/c | 2,00,000 |
(Being Started business with cash)
| Sd/- Manager | Sd/- Accountant |
(ii) Jan 1, 2025
| Voucher No. | Date: Jan 1, 2025 Amount: Rs. |
Debit:
| Furniture A/c | 10,000 |
(Being Purchased furniture vide Cash Memo No. 210)
| Sd/- Manager | Sd/- Accountant |
(iii) Jan 5, 2025
| Voucher No. | Date: Jan 5, 2025 Amount: Rs. |
Credit:
| Bank A/c | 60,000 |
(Being an Account Opened in Canara Bank)
| Sd/- Manager | Sd/- Accountant |
(iv) Jan 10, 2025
| Voucher No. | Date: Jan 10, 2025 Amount: Rs. |
Debit:
| Purchases A/c | 20,000 |
Credit:
| M/s Madras Store | 20,000 |
(Being garments on credit from M/s Madras Store vide Bill No. 291)
| Sd/- Manager | Sd/- Accountant |
(v) Jan 12, 2025
| Voucher No. | Date: Jan 12, 2025 Amount: Rs. |
Debit:
| Ram Parkash’s A/c | 5,000 |
Credit:
| Sales A/c | 5,000 |
(Being Sold shirts to Ram Parkash on credit vide Bill No. 1)
| Sd/- Manager | Sd/- Accountant |
(vi) Jan 15, 2025
| Voucher No. | Date: Jan 15, 2025 Amount: Rs. |
Credit:
| Sales A/c | 7,000 |
(Being Sold shirts for cash vide Cash Memo No. 1)
| Sd/- Manager | Sd/- Accountant |
(vii) Jan 20, 2025
| Voucher No. | Date: Jan 20, 2025 Amount: Rs. |
Credit:
| Bank A/c | 20,000 |
(Being Withdrew from bank for office use by cheque No. 23301)
| Sd/- Manager | Sd/- Accountant |
(viii) Jan 27, 2025
| Voucher No. | Date: Jan 27, 2025 Amount: Rs. |
Debit:
| Drawing A/c | 5,000 |
Credit:
| Bank A/c | 5,000 |
(Being Withdrew for personal use by cheque No. 51003)
| Sd/- Manager | Sd/- Accountant |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 11 Chapter 7 Q.2 - Accounting Vouchers (Mixed Transactions)", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 7 - Origin of Transactions - Source Documents and Preparation of Vouchers.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "T.S. Grewal Class 11 Chapter 7 Q.2 - Accounting Vouchers (Mixed Transactions)" instantly.