50 Tally double-entry bookkeeping.

 

ANUGRAH COMPUTER TRAINING CENTER

50 general journal entry questions along with their solutions:

 

1. Owner invests Rs10,000 cash into the business.

   - Debit: Cash Rs10,000

   - Credit: Owner's Capital Rs10,000

 

2. Business purchases equipment for Rs5,000 cash.

   - Debit: Equipment Rs5,000

   - Credit: Cash Rs5,000

 

3. Company buys supplies on account for Rs1,200.

   - Debit: Supplies Rs1,200

   - Credit: Accounts Payable Rs1,200

 

4. Company pays Rs600 cash for a one-year insurance policy.

   - Debit: Prepaid Insurance Rs600

   - Credit: Cash Rs600

 

5. Owner withdraws Rs500 cash for personal use.

   - Debit: Owner's Drawings Rs500

   - Credit: Cash Rs500

 

6. Company receives Rs2,000 cash from a customer for services performed.

   - Debit: Cash Rs2,000

   - Credit: Service Revenue Rs2,000

 

7. Company pays an employee salary of Rs800.

   - Debit: Salaries Expense Rs800

   - Credit: Cash Rs800

 

8. Company purchases office supplies for Rs300 cash.

   - Debit: Office Supplies Rs300

   - Credit: Cash Rs300

 

9. Company pays Rs1,000 cash to a supplier on account.

   - Debit: Accounts Payable Rs1,000

   - Credit: Cash Rs1,000

 

10. Company borrows Rs5,000 from the bank.

    - Debit: Cash Rs5,000

    - Credit: Notes Payable Rs5,000

 

11. Company pays Rs400 for utilities.

    - Debit: Utilities Expense Rs400

    - Credit: Cash Rs400

 

12. Company receives Rs1,200 from a customer for future services.

    - Debit: Cash Rs1,200

    - Credit: Unearned Revenue Rs1,200

 

13. Company records Rs250 depreciation on equipment.

    - Debit: Depreciation Expense Rs250

    - Credit: Accumulated Depreciation Rs250

 

14. Company pays Rs200 for advertising.

    - Debit: Advertising Expense Rs200

    - Credit: Cash Rs200

 

15. Company provides services worth Rs1,500 on account.

    - Debit: Accounts Receivable Rs1,500

    - Credit: Service Revenue Rs1,500

 

16. Company receives payment of Rs1,500 from a customer on account.

    - Debit: Cash Rs1,500

    - Credit: Accounts Receivable Rs1,500

 

17. Owner invests additional Rs2,000 cash into the business.

    - Debit: Cash Rs2,000

    - Credit: Owner's Capital Rs2,000

 

18. Company pays Rs900 for rent.

    - Debit: Rent Expense Rs900

    - Credit: Cash Rs900

 

 

19. Company purchases inventory for Rs3,000 on account.

    - Debit: Inventory Rs3,000

    - Credit: Accounts Payable Rs3,000

 

20. Company sells inventory costing Rs1,000 for Rs2,500 cash.

    - Debit: Cash Rs2,500

    - Credit: Sales Revenue Rs2,500

    - Debit: Cost of Goods Sold Rs1,000

    - Credit: Inventory Rs1,000

 

21. Company declares and pays Rs700 dividends.

    - Debit: Dividends Rs700

    - Credit: Cash Rs700

 

22. Company pays Rs450 for repair expenses.

    - Debit: Repair Expense Rs450

    - Credit: Cash Rs450

 

 

23. Company receives Rs600 interest on its savings account.

    - Debit: Cash Rs600

    - Credit: Interest Revenue Rs600

 

24. Company pays Rs250 for telephone expenses.

    - Debit: Telephone Expense Rs250

    - Credit: Cash Rs250

 

25. Company receives Rs3,000 from a new investor.

    - Debit: Cash Rs3,000

    - Credit: Capital Stock Rs3,000

 

26. Company repays Rs2,000 of its bank loan.

    - Debit: Notes Payable Rs2,000

    - Credit: Cash Rs2,000

 

27. Company pays Rs500 for office cleaning services.

    - Debit: Cleaning Expense Rs500

    - Credit: Cash Rs500

 

28. Company pays Rs800 for legal fees.

    - Debit: Legal Expense Rs800

    - Credit: Cash Rs800

 

29. Company writes off an uncollectible account receivable of Rs400.

    - Debit: Bad Debts Expense Rs400

    - Credit: Accounts Receivable Rs400

 

30. Company issues Rs10,000 of bonds at face value.

    - Debit: Cash Rs10,000

    - Credit: Bonds Payable Rs10,000

 

31. Company pays Rs1,200 for travel expenses.

    - Debit: Travel Expense Rs1,200

    - Credit: Cash Rs1,200

 

32. Company pays Rs300 for bank service charges.

    - Debit: Bank Service Charges Rs300

    - Credit: Cash Rs300

 

33. Company purchases a vehicle for Rs20,000, paying Rs5,000 cash and signing a note for the balance.

    - Debit: Vehicle Rs20,000

    - Credit: Cash Rs5,000

    - Credit: Notes Payable Rs15,000

 

34. Company records Rs500 of interest expense accrued on its loan.

    - Debit: Interest Expense Rs500

    - Credit: Interest Payable Rs500

 

35. Company provides Rs3,000 of consulting services on account.

    - Debit: Accounts Receivable Rs3,000

    - Credit: Service Revenue Rs3,000

 

36. Company pays Rs150 for internet services.

    - Debit: Internet Expense Rs150

    - Credit: Cash Rs150

 

37. Company receives a Rs2,000 utility bill but will pay it next month.

    - Debit: Utilities Expense Rs2,000

    - Credit: Accounts Payable Rs2,000

 

38. Company refunds Rs500 to a customer.

    - Debit: Sales Returns and Allowances Rs500

    - Credit: Cash Rs500

 

39. Company purchases a patent for Rs5,000 cash.

    - Debit: Patents Rs5,000

    - Credit: Cash Rs5,000

 

40. Company pays Rs400 for postage.

    - Debit: Postage Expense Rs400

    - Credit: Cash Rs400

 

41. Company accrues Rs700 wages for employees.

    - Debit: Wages Expense Rs700

    - Credit: Wages Payable Rs700

 

42. Company receives Rs800 cash for a prior service billed.

    - Debit: Cash Rs800

    - Credit: Accounts Receivable Rs800

 

43. Company adjusts for Rs200 of used supplies.

    - Debit: Supplies Expense Rs200

    - Credit: Supplies Rs200

 

44. Company receives Rs500 for rent income.

    - Debit: Cash Rs500

    - Credit: Rent Revenue Rs500

 

45. Company purchases software for Rs1,000 on account.

    - Debit: Software Rs1,000

    - Credit: Accounts Payable Rs1,000

 

46. Company pays Rs600 for equipment maintenance.

    - Debit: Maintenance Expense Rs600

    - Credit: Cash Rs600

 

47. Company pays Rs700 for office utilities.

    - Debit: Utilities Expense Rs700

    - Credit: Cash Rs700

 

48. Company receives Rs400 cash from interest earned.

    - Debit: Cash Rs400

    - Credit: Interest Revenue Rs400

 

49. Company adjusts for Rs100 of prepaid insurance used.

    - Debit: Insurance Expense Rs100

    - Credit: Prepaid Insurance Rs100

 

50. Company writes off an old inventory costing Rs600.

    - Debit: Inventory Write-Off Expense Rs600

    - Credit: Inventory Rs600

 

These entries cover a wide range of common business transactions and illustrate the basic principles of double-entry bookkeeping.

DCA - 9000

PGDCA - 11500

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