Question 15 Chapter 4 - Unimax Publications of Class 11

Question 15 Chapter 4 - Unimax

15. Enter the following transactions in the Book of Yogesh.
2021
May 1 Goods worth Rs. 10,000 sold at a profit of 20%.
May 3 Goods worth Rs. 20,000 sold at a profit of Rs. 2,000.
May 7 Goods worth Rs. 20,000 sold at loss of 10%.
May 10 Furniture costing Rs. 15,000 sold at profit Rs. 5,000.
May 15 Machine Costing Rs. 20,000 sold at Rs. 27,000.
May 17 Machine costing Rs. 25,000 sold at a loss of 20%.

The solution of Question 15 Chapter 4 - Unimax:

JOURNAL OF YOGESH

Date	Particulars		L.F.	Debit	Credit
2021
May 1	Cash A/c	Dr.		12,000
	To Sales A/c				12,000
	(Being goods sold at a profit of 20%)
May 3	Cash A/c	Dr.		22,000
	To Sales A/c				22,000
	(Being goods 20,000 sold at a profit of 2,000)
May 7	Cash A/c	Dr.		18,000
	To Sales A/c				18,000
	(Being goods 20,000 sold at a loss of 10%)
May 10	Cash A/c	Dr.		20,000
	To Profit on sale of Furniture A/c				5,000
	To Furniture A/c				15,000
	(Being furniture sold at profit)
May 15	Cash A/c	Dr.		27,000
	To Machine A/c				20,000
	To Profit on sale of Machine A/c				7,000
	(Being Machinery sold on Profit)
May 17	Cash A/c	Dr.		20,000
	Loss on sale of Machinery A/c	Dr.		5,000
	To Machine A/c				25,000
	(Being Machinery sold at loss of 20%)

This is all about the Question 15 Chapter 4 - Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples - In Hindi

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You can also Check out the solved question of other Chapters: -

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 – Introduction of Accounting
• Chapter No. 2 – Theory Base of Accounting
• Chapter No. 3 – Vouchers and Transactions
• Chapter No. 4 – Journal
• Chapter No. 5 – Goods and Services Tax (GST) : An Introduction
• Chapter No. 6 – Ledger
• Chapter No. 7 – Special Purpose Book – Cash Book
• Chapter No. 8 – Other Subsidiary Books
• Chapter No. 9 – Trial Balance
• Chapter No. 10 – Rectification of Errors
• Chapter No. 11 – Depreciation
• Chapter No. 12 – Provision and Reserves
• Chapter No. 13 – Bank Reconciliation Statement
• Chapter No. 14 – Bills of Exchange

Students may Choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 – Financial Statements (Without Adjustments)
• Chapter No. 16 – Financial Statements (With Adjustments)
• Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

• Chapter No. 18 – Introduction to Computers and Accounting information System
• Chapter No. 19 – Computerised Accounting
• Chapter No. 20 – Accounting Software : Tally
• Chapter No. 21 – Data Base System
• Chapter No. 22 – Concept of Entity and Relationship

You can also Check out the other Books' Solution: -

• Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
• T.S. Grewal’s Double Entry Book Keeping (Class +1) – Solution
• D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution