BBA (Hon's) Accounting Journal

 Principles of Accounting 

Journal 

👉1. জাতীয় বিশ্ববিদ্যালয় BBA (Hons) Acc-2018  সালের প্রশ্ন:

The following transactions are obtained from books of Sagar-Saikat for the month of December 2018:

December 1 He invested cash Tk 2,50,000, furniture Tk 30,000

                    and equipment Tk 50,000 into the business.

             2    Received cash Tk 1,50,000 providing Service.

            10  Purchased office Supplies for cash Tk 20,000 and

                  on account Tk 15,000.

            15  Service provided on account 40,000.

            20  Paid to accounts payable Tk 10,000.

            25 Paid salaries to employees Tk 30,000.

            31 Received cash from accounts receivable Tk 35,000

Required: Record the entries into Journal:  Explanation is not required

Problem 43: INU. BBA (Hon) Mgt 2018

During June, 2016 Y products had the following transactions :

June: 3 Paid Tk. 800 on account to Karim product net of Tk. 10 discount;

6 Purchased Inventory for cash Tk. 817;

7 Paid Tk. 375 for supplies;

15 Purchased inventory on credit from Rahim supply Tk. 774;

16 Paid Tk. 8062 on account to Mohir Associates, there was no discount;

21 Purchased furniture for cash Tk. 960;

26 Paid Tk. 3,910 on account to Data software, the discount was Tk. 90;

30 Made a semi annual interest payment of Tk. 800 on a long term note payable, the entire payment

Required: Prepare a cash payments journal (multiple-column).

Problem 44: [ NU. BBA (Hons) Mgt.-2018 ]

[Mr. Rahim opened the Rahim dry cleaners on September 1, 2016, during the first month of operations the following transaction occurred:

Sept: 1 Rahim invested Tk. 20,000 cash in the business;

5 The company paid Tk. 1,000 cash from store rent for September;

6 Purchased washer and Dryers for Tk. 25,000 paying Tk. 10,000 in cash and Singing a note Tk. 15,000. 6 month 12% notes payable;

10 Paid Tk. 2,500 for a one year accident Insurance premium;

11 Received a bill from the daily news for advertising the opening of the shop Tk. 500;

20 Rahim withdrew Tk. 700 for personal use;

30 The company determined that cash required from laundry services for the month were Tk. 5.000 and

on account Tk. 7,000;

Problem-45: INU. BBA (Hons) Acc.- 2018

The following transactions are obtained from the books of Sagar-Saikat for the month of December, 2018 :

December 1 He invested cash Tk. 2,50,000, furniture Tk. 30,000 and equipment Tk. 50,000 into the business

2 Received cash Tk. 1,50,000 providing service.

10 Purchased office supplies for cash Tk. 20,000 and on account Tk. 15,000.

15 Service provided on account Tk. 40,000.

20 Paid to accounts payable Tk. 10,000.

25 Paid salaries to employees Tk. 30,000.

31 Received cash from accounts receivable Tk. 35,000.

Required:

Record the entries into General Journal. Explanation is not required.

Problem-50: Rectify the following errors by necessary journal entries:

(1)The sales book has been overcast by Tk. 1,000.

 (ii) The cost of white washing the office room Tk.-400 has been charged to the building account.

 (iii) A payment of Tk. 2,000 to a creditor has been debited to the purchase account.

(iv) An amount of Tk. 1,400 withdrawn by the proprietor for his personal expenditure has been debited wrongly as trade expenses.

Problem-51: NU. BBA (Hons) Acc.- 2016

Pass necessary journal entries to rectify the following errors:

 (1) A credit sale to Tk. 500 of Salam has been wrongly passed through the Purchase Book.

(H) sale of old plant amounting to Tk. 1,000 was passed thought the Sales Book.

(ii) Return of goods valued Tk. 600 from Ripon has been recorded in the Sales Day Book.

(iv) A credit purchase of goods from All worth Tk. 2,000 was credited to his account at Tk. 200.

(v) Repair of Machinery of Tk. 800 has been recorded in Machinery Account.

52.  N.U BBA (Hons)-2015 

Mr. Nasim requested you to prepare a Trial Balance from the following ledger balances

and find out his opening capital:

Cash in hand on Jan. 1, Tk. 8,500 and on Dec. 31, Tk. 19,500,

Inventory on hand on Jan 1, Tk. 18,700, and on Dec. 31, Tk. 12,400,

Purchase Tk. 21,700, Apprenticeship allowances Tk. 1,800,

Return inward Tk. 2,100, Sales Tk. 58,700, Equipment Tk. 37.500,

Return outward Tk. 1,500, Carriage inward Tk; 2,200, Carriage outward Tk. 2,700,

Bond issued Tk. 10,000, Salaries expenses Tk. 14,000, Bond purchased Tk. 30,000.

53. NU BBA 2015:

Pass necessary journal entries to rectify the following errors:

 (1)The sales day book has been under cast by Tk. 700.

(i) Purchase of calculator for Tk. 950 for office use included in purchase account.

(iii) Receipt of cash from Rubi was posted to the debit of her account Tk. 1,200.

(iv) Goods worth Tk. 2,000 returned from customer entered in the purchase day book.

(v) The purchase of furniture on account for 1k. 9,800 Was debited to furniture Tk. 8,900 and credited to accounts payable Tk. 8,900

55. N.U BBA (Hons) Mkt.-2015

Star Dockyard is a boat repair yard. During November 2015 its transactions included the following:

Nov. 1 Paid rent for the month Tk. 16,000.

2 Made repairs and sent a bill for Tk. 28,000 for services rendered to Moon Ltd. -7 Received an invoice for an advertisement in a magazine at cost of Tk. 2,000, payment to be made within 30 days.

10 Made repairs and collected in full of Tk. 23,000.

24 Received a cheque for lk. 22,000, representing collection of the receivable of Nov-2. 25 Made repairs Ik. 40,000, collected Tk. 22,000 cash, balance due within 30 days.

28 Sent cheque in payment of the liability incurred on Nov-7.

30 Owner withdrew Tk. 12,000 for personal use.

Required: Journalize the above transactions.

Problem 56: N.U BBA (Hons) Acc.-2015)

Pass necessary journal entries to rectify the following errors:

1  The sales day book has been under cast by Tk. 700.

Purchase of calculator for Tk. 950 for office use included in purchase account. (Receipt of cash from Rubi was posted to the debit of her account Tk. 1,200. (Goods worth Tk 2,000 returned from customer entered in the purchase day book.

The purchase of furniture on account for lk. 9,800 Was debited to furniture Tk. 8,900 and credited to accounts payable Tk. 8,900.

Problem-57:N.U BBA (Hons) Mkt.-2015

Pas the journal tries to rectify following errors:

Acudit sales of Tk 45.000 to Pritom has been wrongly recorded through the purchase book. Repairs of fioriture of Tk 1,800 has been wrongly recorded to the rent account. day book under cast by Tk. 29,350. Purchase of a calculator by Tk 2,800 for office use included in purchase book.

Problem-58:N.U. B.B.A (Hons)-2015 (F&B)

Mr. Nasim requested you to prepare a Trial Balance from the following ledger balances and find capital:

Cash in hand on Jan. 1, Tk. 8,500 and on Dec. 31, Tk. 19,500, Inventory on hand on Jan. 18,700 and on Dec. 31, Tk. 12,400. Purchase Tk. 21.700. Apprenticeship allowances Tk. 1,800, Return inward Tk. 2,100. Sales Tk. 58,700, Equipment Tk. 37.500, Return outward Tk. 1,500, Carriage inward Tk. 2,200, Carriage outward Tk. 2,700, Bond issued Tk. 10,000, Salaries expenses Tk. 14,000, Bond purchased Tk. 30,000.

Problem-62: BBS (Pass)-2014)

Transaction for the Ahmad & Co. for the month of June, 2015 are presented below:

June 01 Invested Tk. 1,00,000 cash to start business.

15 Purchase supplies for Tk. 20,000 in cash.

20 Paid Tk. 30,000 cash for June office rent.

30 Supplies of Tk. 5,000 have been used.

Required: Open necessary ledger accounts.

Problem-65:

A trader has agreed his trial balance by putting the difference in a suspense account. The following errors were detected. You are asked (a) to rectify the errors by passing entries and (b) to ascertain the amount carried suspense

account:

(1) A sale of goods to Pappu Tk. 5,000 was credited to his account

(ii) Repairs of office car for Tk. 300 were debited to car account.

(ii) Goods refused by Rinku for Tk. 100 were not recorded in books of accounts.

(iv) Receipt of Tk. 500 from Azom was correctly recorded in cash receipt Journal, but was not posted to account. 

(v) Purchase of a calculator for Tk. 1,000 for office use included in purchase account. 

Azom's

(vi) Salary Tk. 500 paid to Dipu had been debited to Tipu's account. (vii) A cheque for Tk. 500 received from Manik had been posted to proper book but not posted to his account.