Question 18 Chapter 6 - Unimax Publications of Class 11

Question No. 18 Chapter No 6

18. Varun commenced business with cash ₹10,000 and goods ₹7,000 on 1st August,2019. His transactions for the month of August were as under

2019
Aug.1	Paid salaries for cheque 2,500
Aug.2	Bought goods from Mohan Das for cash 3,000
Aug.5	Sold to Jawahar Lal on credit
Aug.8	Sold to Ballabh Bhai & Co. 4,000
AUG.12	Received cash from Jawahar Lal & Co. 5,350
AUG.12	Allowed discount 50
Aug.14	Bought from Azad Bros 6,450.
Aug.18	Purchases furniture 400
Aug.20	Safe purchases from Bhatia safe works 350
Aug.24	Paid Azad Bros. 6350
Aug.24	Discount received 75
Aug.25	Cash sales 5,000
Aug.26	Goods returned by Ballabh Bhat & Co. 270
Aug.27	Paid to Bhatia safe works 300
Aug.29	Goods purchases from Goving & Sons 225
Aug.30	Goods returned to Goving & Sons
Aug.31	Paid general expenses 41
Aug.31	Paid salaries 210
Aug.31	Paid shop rent 40

Journalise the above transactions and post them into the ledger.

The solution of Question 18 Chapter 6 - Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2020
Aug.1	Cash A/c	Dr.		10,000
	Stock A/c	Dr.		7,000
	To Capital A/c				17,000
	(Being commenced business)
Aug.2	Purchases A/c	Dr.		3,000
	To Mohan DasA/c				3,000
	(Being purchases goods from Mohan Das)
Aug.5	Jawahar Lal A/c	Dr.		5,400
	To Sales A/c				5,400
	(Being sold goods to Jawahar Lal on credit)
Aug.8	Ballabh Bhai & Co. A/c	Dr.		4,000
	To sales A/c				4,000
	(Being sold to Ballah Bhai & Co.)
Aug.12	Cash A/c	Dr.		5350
	Discount A/c			50
	To Jawahar Lal A/c				5,400
	(Being received cash from discount allowed)
Aug.14	Purchases A/c	Dr.		6,450
	To Azad Bros. A/c				6,450
	(Being goods purchases from Azad &Bros.)
Aug.18	Furniture A/c	Dr.		400
	To cash A/c	Dr.			400
	(Being furniture purchases)
AUG 20	Safe A/c	Dr.		350
	To Bhatia safe works A/c				350
	(being safe purchases)
Aug.24	Azad Bros. A/c	Dr.		6450
	To cash A/c				6,350
	To discount A/c				75
	(Being paid to Azad Bros. and discount received)
				5,000
Aug.25	Cash A/c	Dr.
	To Sales A/c				5,000
	(Being cash sales)
Aug.26	Returns inward A/c	Dr.		270
	To Ballabh Bhai & Co. A/c				270
	(Being goods returned by Ballabh & Co.)
Aug.27	Bhatia safe works A/c	Dr.		500
	To cash A/c				500
	(Being paid to Bhatia safe works)
Aug.29	Purchase A/c	Dr.		225
	To Goving & sons A/c				225
	(Being goods purchase from Goving & sons)
Aug.30	Goving & Sons A/c	Dr.		225
	To Return outward A/c				225
	(Being goods return to Goving & Sons)
				41
Aug.31	General expenses A/c	Dr.			41
	To Cash A/c
	(Being paid for general expenses)
Aug.31	Salaries A/c	Dr.		210
	To cash A/c				210
	(Being salaries paid)
Aug.31	Rent A/c	Dr.		40
	To Cash A/c				40
	(Being shop rent paid)

LEDGER :

CASH ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
Aug. 1	To Capital A/c	10,000	Aug.18	By Furniture A/c	400
Aug.12	To Jawahar Lal A/c	5,350	Aug.24	By Azad Bros. A/c	6,350
Aug.25	To sales A/c	5,000	Aug.27	By Bhatia safe works A/c	300
			Aug.31	By General expenses A/c	41
			Aug.31	By Salaries A/c	210
			Aug.31	By Rent A/c	40

STOCK   ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug.1	To Capital A/c	7,000

CAPITAL ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2019
			Aug.1	By Cash A/c	10,000
			Aug.1	By Stock	7,000

PURCHASES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug.2	To Mohan DasA/c	3,000
Aug.14	To Azad Bros. A/c	6,450
Aug.29	To Goving & Sons A/c	225

JAWAHAR LAL ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
Aug.5	To sale A/c	5,400	Aug.12	By cash A/c	5,350
			Aug.12	By discount allowed A/c	50

MOHAN  DAS ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
			2019
			Aug. 2	By Purchases A/c	3,000

SALES ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
			2019
			Aug.5	By Jawahar Lal A/c	5,400
			Aug.8	By Ballabh Bhai & Co. A/c	4,000
			Aug.25	By Cash A/c	5,000

                                                                              DISCOUNT ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
			Aug.24	By Azad Bros. A/c	75
Aug.12	TO JAWARLAL	50

BALLABH BHAI  ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
Aug.8	To Sales A/c	4,000	Aug.26	By Return inward A/c	200

 AZAD BROS  ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
Aug.24	To Cash A/c	6375	Jan.31	By Purchases A/c	6450
feb.1	To Discount A/c	75
		6450			6450

 FURNITURE ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 18	To Cash A/c	400

SAFE ACCOUNT 

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 20	To Bhatia safe works A/c	350

Bhatia safe works A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019			2019
Aug. 20	To Cash A/c	350	Aug. 20	By Safe A/c	350

Return Inwards A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 20	To Bailabh Bhai & Co. A/c	270

Govind & Sons A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 29	To Purchases A/c	225	Aug. 29	By Purchases A/c	225
Aug. 30	To Return Outwards	225

General Expenses A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 31	To Cash A/c	41

Salaries A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 31	To Cash A/c	210

Rent A/c

Date	Particulars	Amount	Date	Particulars	Amount
2019
Aug. 31	To Cash A/c	40

This is all about question 18 Chapter 6 - Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger - 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

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• Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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• D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution