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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 27 Chapter 4 – Unimax Publications of Class 11
27. Enter the following transactions in the books of Shrey.
2021
| July 1 Shrey commenced business with cash | 2,500 |
| July 2 Money deposited into bank | 1,000 |
| July 5 Bought furniture | 22,000 |
| July 7 Bought goods from Vikas | 80,000 |
| July 9 Sold goods to Bablu | 25,000 |
| July 12 Sold goods to Rajeev | 40,000 |
| July 15 Goods returned by Bablu | 6,000 |
| July 18 Cash received from Bablu | 19,000 |
| July 24 Cash received from Rajeev | 40,000 |
| July 28 Goods returned to Vikas | 4,500 |
| July 31 Cash paid to Vikas | 75,500 |
| July 31 Paid Rent | 4,500 |
JOURNAL OF SHREY
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2021 | |||||
| July 1 | Cash A/c | Dr. | 2,50,000 | ||
| To Shrey’s Capital A/c | 2,50,000 | ||||
| (Being commenced business with cash) | |||||
| July 2 | Bank A/c | Dr. | 1,00,000 | ||
| To Cash A/c | . | 1,00,000 | |||
| (Being money deposited into bank) | |||||
| July 5 | Furniture A/c | Dr. | 22,000 | ||
| To Cash A/c | 22,000 | ||||
| (Being furniture purchased) | |||||
| July 7 | Purchases A/c | Dr. | 80,000 | ||
| To Vikas’s A/c | 80,000 | ||||
| (Being bought goods from Vikas) | |||||
| July 9 | Bablu’s A/c | Dr. | 25,000 | ||
| To Sales A/c | 25,000 | ||||
| (Being sold goods to Bablu) | |||||
| July 12 | Rajeev’s A/c | Dr. | 40,000 | ||
| To Sales A/c | 40,000 | ||||
| (Being goods sold to Rajeev) | |||||
| July 15 | Sales Returns A/c | Dr. | 6,000 | ||
| To Bablu’s A/c | 6,000 | ||||
| (Being goods returned by Bablu ) | |||||
| July 18 | Maneesha’s A/c | Dr. | 19,000 | ||
| To Bablu’s A/c | 19,000 | ||||
| (Being cash received from Bablu) | |||||
| July 24 | Purchases A/c | Dr. | 40,000 | ||
| To Rajeev’s A/c | 40,000 | ||||
| (Being cash received from Rajeev) | |||||
| July 28 | Vikas’s A/c | Dr. | 4,500 | ||
| To Purchases Returns A/c | 4,500 | ||||
| (Being goods returned to Vikas) | |||||
| July 31 | Vikas’s A/c | Dr. | 75,500 | ||
| Rent A/c | 4,500 | ||||
| To Cash A/c | 80,000 | ||||
| (Being paid rent and paid to Vikas) | |||||
| Grand Total | 6,66,500 | 6,66,500 | |||
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 27 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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