Journal MCQs | MCQ Practice of Class 11 -Accounts | Journal Entries | Recording of Transactions |

[@cahardikmanchanda]

Hey Everyone! You can download the PDF of the MCQs using the below link👇🏻 drive.google.com/file/d/19Q7Xv9xQ3vw9_Ke8owITjbn4cQV4NTsh/view?usp=sharing

[@studyandsuccess1956]

Nice video sir

[@rajnandini4980]

Sir ye to sach mcq hi tha dimag hi hila diya thank u sir

[@cahardikmanchanda]

Haha I hope the video clears your doubts✔

[@niharikasingh9024]

Thanks❤

[@aashishjha8576]

thnku sirrr its helped me a lot i cleard vmy lots of doubt tysm

[@cahardikmanchanda]

Glad to hear this :) Keep learning✔

[@parwaizmanzoor9259]

Thnx sir ...lov frm kashmir really helpful...

[@cahardikmanchanda]

Keep Learning✅

[@umaimanaazvlogs191]

Thank u sir your video is awosome

[@cahardikmanchanda]

I am glad you liked it :) Keep learning 👍

[@Dontsmile01]

I like there study pattern

[@deepakdas2990]

Sir I was very confused which type of MCQ will come but after solving your MCQ I am very confident now sir thanks a lot your MCQ is very very helpful sir 🙏🙏🙏🙏🙏🙏😀😀😀😀

[@cahardikmanchanda]

All the best wishes Deepak✅

[@rohtashjangra9677]

Sir mana ya question sara solves kar deya without any problems 🏆🏆🏆🏆🏆sir you deserves it

[@cahardikmanchanda]

🙏😇

[@robertthor2350]

nice i like these quality mcqs👌🏽👌🏽👌🏽👌🏽

[@anitapanwar6113]

Thankyou sir you are great 😀😀😀

[@cahardikmanchanda]

I am glad video was helpful 🙌 Keep learning :)

[@themastitime0076]

watched today he is the bestest keep making vdo my hero we all are with you sir

[@rohtashjangra9677]

Amazing sir mara practical ma pura namber laga ha Thank you sir

[@AishaKhan-rg1cb]

Thank you soooooooooo muchhhhhh sir 🙏🏻 It helped me a lot Nice explanation

[@cahardikmanchanda]

Glad to hear this:) Thank you so much🙌

[@rohtashjangra9677]

Sir app bhot acha sa teach karta ho amazing sir

[@mayankgupta3778]

you have cleared my lots off douts and tommorow is my exams thanks for a wonderfull video

[@cahardikmanchanda]

I am glad it helped :)

[@arabianproo]

Very helpful video sir ❤️

[@cahardikmanchanda]

Thank you so much:) Keep learning ✔

[@sanidhyapatra7929]

Time given and worth it ✨

[@cahardikmanchanda]

Thank you so much 🙏🏻😇 keep learning:)

[@kartikrajput3566]

Thank you sir 🙏🙏

[@cahardikmanchanda]

I am glad you liked the video 🙏🏻😇 Keep learning and do share it with your friends:)

[@kartikrajput3566]

Thank you sir

[@XZisT18]

Ty sir

[@cahardikmanchanda]

🙏🏻😇

[@FactHits]

Thanks a lot sir 🙂 U r like CA Parag gupta sir very talented

[@cahardikmanchanda]

This means a lot 🙏🏻😇 Thank you so much:)

[@PrisTineYT_]

Sir in no.7 what will be credited If paid in cheque then it would be Drawings Ac dr 20000 To bank ac 20000?

[@cahardikmanchanda]

Yes, Absolutely correct 👍

[@smritisingh5876]

Ayushman khurana is my favorite and you are also looked like his sir your voice is amazing I love your voice................... And your all McQ series is osm because you explain every question very deeply thanku so much sir 🙏🙏🙏🙏

[@cahardikmanchanda]

Thank you so much 🙏🏻😇 Glad to hear this 😀 All the best wishes to you 👍🏻

[@sanjeevkumar-mn1go]

Mja a gya😃

[@ygupta3659]

Very nice explaination Sir , in 10 quest there is insurence expense but earlier you have said that income tax and insurence are drawing..sir plz clear my doubt

[@cahardikmanchanda]

Ygupta, Life insurance is a personal expense and therefore consider in drawings.

[@muradveersingh7762]

Siraa ⚡

[@tanishashukla4453]

Thank you so much sir for telling so many new concept🌸:-)

[@cahardikmanchanda]

glad to know that my videos are helping :) Keep learning 👍

[@sir328]

if check recived nd deposited ither day ..we usally make entry ..cash ac debit to goodu baya

[@cahardikmanchanda]

The correct treatment is, Cheque in hand A/c debit, not cash account, since its not cash.

[@cahardikmanchanda]

@@pulkitmahnot8528 Hi Pulkit! Whenever cheque is received but not deposited, it will be debited to cheque in hand Account. I know in some books, cash account is debited but that's not appropriate.

[@cahardikmanchanda]

@@pulkitmahnot8528 🙏🏻😇 Keep learning:)

[@dawoodrashid4907]

Watching in 2023..nice teaching ..❤️from kashmir

[@cahardikmanchanda]

🙏😇

[@aksshuuuu]

I like your teaching sir..... Sir ap Mera school teacher se bhi acha padhta ho ma apna friends ko bhi share karunga. Thanks alottt for ur this efforts. Loved from Punjab♥️

[@cahardikmanchanda]

Thank you so much Akshit 🙏🏻😇 Keep learning :)

[@awadhgupta06]

Sir you are great I subscribed your channel concept clarity is what you do .... Keep up the good work👍👍

[@cahardikmanchanda]

Thank you so much Awadh :) Means a lot 👍

[@nidhi4809]

sir you proved quality>quantity

[@cahardikmanchanda]

Thank you so much :)

[@aksshuuuu]

Sir gst class 11 ka topic pr jaldi bando

[@cahardikmanchanda]

Next is GST, you will get the videos very soon 👍

[@aksshuuuu]

@@cahardikmanchanda Sir mera Monday ko paper ha Ma apna sabhi friends ko bhej do Ohno na bhi karna

[@cahardikmanchanda]

@@aksshuuuu Thanks for the support Akshit ❤️ You will get the GST videos before your test 👍

[@nakulgupta3691]

Sir in question no. 7 where it return that we pay that income tax from business ac

[@cahardikmanchanda]

Yes, income tax is owners personal account so that's why drawings

[@Chitraßora]

Sir could you please explain how this journal entry could happen when income tax paid rs.20000 by cheque,debited as drawings a/c? As we used to debit income tax expense a/c debit

[@umangchoudhary2282]

Sir I loved your Teaching Style... XD

[@cahardikmanchanda]

Thank you so much Umang 🙏🏻😇 Keep learning and do share it with your friends:)

[@sanjanaips6658]

Sir can you please explain this mcq : which of these concepts is a process of take and give with 'event' as the end result of it ? a) measurement b) financial information c) transactions d) communication And why option 3 is correct

[@cahardikmanchanda]

Hi Sanjana, transaction basically involves exchange of money, goods or services. Its is give and take process. Event is the consequence of the transaction. For example, purchases goods is a transaction and now you have stock of goods is an event. I hope this helps 👍🏻

[@sanjanaips6658]

@@cahardikmanchanda thank you sir

[@sanjanaips6658]

Sir in question no. 7. It is not mentioned that the proprietor withdrew money from business then how it can be drawings A/C dr. And income tax is an expense so why it is not debited. Because according to the rule of nominal account debit all the expenses and losses.??

[@cahardikmanchanda]

Income tax is assumed to be the owner's personal expense, wo business ka expense nahi maante, same like life insurance premium so in q7, business ke bank account se income tax pay hua h so owner ka Personal expense pay hua h, isliye drawings ko debit kiya h. I hope this helps 👍🏻

[@AshishSharma-j7n]

Sir in last Question, can we mark Drawings A/C?

[@raunaksemwal9211]

Sir , if a business pays premium for all its employees life insurance , will it still be considered drawings ?

[@cahardikmanchanda]

No, then its a business expense

[@harshitakapoor2373]

Hey! You've done a great job sir! Each and every point was so clear!😍

[@cahardikmanchanda]

Hi Harshita:) Thank you so much 🙏🏻😇 Keep learning and do share it with your friends 😀

[@madhukoshyari1901]

Thanku sir for this video. Sir please provide more questions for this types .

[@cahardikmanchanda]

Definitely 👍 There will be many videos of Journal Mcqs 😀

[@palakchoudhary8090]

Insurance premium is drawing expense kaise hoga

[@cahardikmanchanda]

life insurance is drawings because it is owner's personal expense but other than that insurance is a business expense✔

[@malikkhalid1237]

Sir Q4 mai confusion hai .tulsian's book mai likha hai kii cash account debit hoga .(when you receive a check after banking hours ).please correct

[@aksharapant5696]

Sir in last question bank nai insurance ki payment ki hai aur insurance toh owner ki personal hoti hai toh usmee drawings a/c nhai hogaa kyaa ???

[@cahardikmanchanda]

Akshara, when only insurance is written then its a business expense but when life insurance is written then it is owners' personal expenses and phir drawings ayega✔

[@Sam-sh8oy]

Thank you for this amazing video sir.... Learned a lot from it....Please make more such videos... 😊

[@cahardikmanchanda]

Thank you so much Samiksha 🙏🏻😇 There are many other videos in the playlist, you can check it out. Many more videos will be released this week 👍

[@Sam-sh8oy]

@@cahardikmanchanda Will surely check them out sir...

[@Sam-sh8oy]

@@cahardikmanchanda Sir I have one request to you that please share your CA success story in your upcoming video.. I am also a CA aspirant...please sir please🙏

[@cahardikmanchanda]

@@Sam-sh8oy okay done! Will surely make a video on this:)

[@Sam-sh8oy]

@@cahardikmanchanda Okay sir thank you for accepting my request... 🥰

[@gungunsharma2813]

What sir 10 wala ma insurance premium tha to Drawing hoga h

[@cahardikmanchanda]

Hello Gungun, life insurance mentioned hoga tb drawings hoga, only insurance hoga to wo business ka expense h

[@Someshrajspeak]

Sar profit add kaise karte hain please batao na mere ko Nahin Aata

[@cahardikmanchanda]

Hi Somesh, agar aapko goods ki cost di h, for example 1,00,000 and apse kaha h sold goods at a profit of 20% on cost so this means apne 1,00,000 *20/100 = 20,000 profit pe goods sell kre h.

[@cahardikmanchanda]

Hi Somesh, agar aapko goods ki cost di h, for example 1,00,000 and apse kaha h sold goods at a profit of 20% on cost so this means apne 1,00,000 *20/100 = 20,000 profit pe goods sell kre h.

[@Someshrajspeak]

@@cahardikmanchanda ok sir thank you

[@ujjwalnigam5750]

Sir 1st question mein jab hm 10% of 10800 ka karegya tu 1080 aaya gya tu fir option 2nd correct hua lekin aapne first option correct baatya h kyu??? 9720 kise correct hua???

[@cahardikmanchanda]

Hello Ujjwal, question is ki apko kitna amount receive hua h. So Cash discount to 1080 hi h but cash receive calculate karna h so cash received = 10,800 - 1,080 = Rs. 9,720

[@Someshrajspeak]

Sar Mera 20000 Mera cost tha to 20% ko add karan ha kya

[@IAMTHEPOWEROFINFINITY]

Sir you are like ayushmaan khurana 😅

[@cahardikmanchanda]

Haha😂 I Hope you enjoyed the video then :)

[@mariyamkhan7466]

Cheque word to use ni hota journal me 🤔

[@cahardikmanchanda]

If the cheque received is not deposited in the bank then Cheque in hand A/c is used so cheque use ni hota but cheque in hand hota h :)

[@mariyamkhan7466]

@@cahardikmanchanda thank you..

[@hizakhan143]

sir 1 wala nahi samajh nahi aaya

[@AyushGupta-if7fz]

Sir pdf for these MCQ's

[@cahardikmanchanda]

Hey Ayush, you can download from the pinned comment.

[@kirtikukreti9274]

@@cahardikmanchanda NHI H SIR KPOI CMMNT

[@cahardikmanchanda]

@@kirtikukreti9274 Hi kirti, there is a link in the pinned comment. Don't worry, i am sharing the link here👇 drive.google.com/file/d/19Q7Xv9xQ3vw9_Ke8owITjbn4cQV4NTsh/view

[@akshaybhasker9439]

Sir I was unable to answer every question I m in great depression

[@cahardikmanchanda]

Don't worry Akshay, you will be able to answer every question. Work you your concepts first, watch conceptual videos before solving MCQs. Everything will be fine 👍🏻

[@akshaybhasker9439]

@@cahardikmanchanda thank you for your motivation sir🙏

[@cahardikmanchanda]

@@akshaybhasker9439 There is still time left, start studying from today 👍🏻

[@vishalpaltechnical1246]

Thankyou so much sir