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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 24 Chapter 4 – Unimax Publications of Class 11
24. Journalise following transactions.
2021
May 1 M/s Brij Narain of Delhi commenced business as book sellers. With a capital of Rs. 40,000
May 4 Bought furniture for shop Rs. 800
May 5 Bought books and papers worth Rs. 22,500 in cash.
May 6 Sold books and paper for cash Rs. 15,000
May 7 Purchased books from Maneesha Rs. 12,000
May 12 Sold goods to Nisha Rs. 4,500
May 14 Sold goods to University Library for cash Rs. 9,500
May 15 Paid cash to Maneesha Rs. 12,000
May 20 Purchased books from Shallu Rs. 4,000
May 22 Sold goods for cash Rs. 6,000
May 24 Paid cash to Shallu Rs. 4,000
May 30 Paid Rent Rs. 2,400 and salaries Rs. 2,000.
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2021 | |||||
| May 1 | Cash A/c | Dr. | 40,000 | ||
| To Capital A/c | 40,000 | ||||
| (Being commenced business as book sellers with cash) | |||||
| May 4 | Furniture A/c | Dr. | 800 | ||
| To Cash A/c | . | 800 | |||
| (Being bought furniture for shop) | |||||
| May 5 | Purchases A/c | Dr. | 22,500 | ||
| To Cash A/c | 22,500 | ||||
| (Being bought books and papers for cash) | |||||
| May 6 | Cash A/c | Dr. | 15,000 | ||
| To Sales A/c | 15,000 | ||||
| (Being sold books and papers for cash) | |||||
| May 7 | Purchases A/c | Dr. | 12,000 | ||
| To Maneesha’s A/c | 12,000 | ||||
| (Being purchased books from Maneesha) | |||||
| May 12 | Nisha’s A/c | Dr. | 4,500 | ||
| To Sales A/c | 4,500 | ||||
| (Being goods sold to Nisha) | |||||
| May 14 | Furniture A/c | Dr. | 9,500 | ||
| To Sales A/c | 9,500 | ||||
| (Being goods sold to University Library for cash) | |||||
| May 15 | Maneesha’s A/c | Dr. | 12,000 | ||
| To Cash A/c | 12,000 | ||||
| (Being cash paid to Maneesha) | |||||
| May 20 | Purchases A/c | Dr. | 4,000 | ||
| To Shallu’s A/c | 4,000 | ||||
| (Being purchased books from Shallu) | |||||
| May 22 | Cash A/c | Dr. | 6,000 | ||
| To Sales A/c | 6,000 | ||||
| (Being sold goods for cash) | |||||
| May 24 | Shallu’s A/c | Dr. | 4,000 | ||
| To Cash A/c | 4,000 | ||||
| (Being paid cash to Shallu) | |||||
| May 30 | Rent A/c | Dr. | 2,400 | ||
| Salaries A/c | Dr. | 2,000 | |||
| To Cash A/c | 4,400 | ||||
| (Being paid rent and salaries in cash) | |||||
| Grand Total | 1,34,700 | 1,34,700 | |||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 24 Chapter 4 – Unimax Publications of Class 11", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 11 - 2023.
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