Question 15 Chapter 4 – Unimax Publications of Class 11

Question 15 Chapter 4 – Unimax Publications of Class 11

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 Publications of Class 11:

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%)