Question 3 Chapter 6 – Unimax Publications of Class 11 

Question 3 Chapter 6 – Unimax Publications of Class 11 

3. Enter the following transactions in Journal of Manpreet and post them into Ledger.
2023
Feb.1 Received cash on account of sale Rs. 80,000 & Interest Rs. 7,000.
Feb. 7 Received cheques on account of sales Rs. 60,000; rent Rs. 80,000 and commission Rs. 25,000.
Feb. 25 Paid by cheques on account of Interest Rs. 18,000; Furniture Rs. 68,000 and Purchase of goods Rs. 70,000

The solution of Question 3 Chapter 6 – Unimax Publications of Class 11 :

JOURNAL OF MANPREET

Date	Particulars		L.F.	Debit	Credit
2023
Feb. 1	Cash Account	Dr.		87,000
	To Sales Account				80,000
	To Interest Received Account				7,000
	(Being cash received on account of sale and Interest)
Feb. 7	Bank Account	Dr.		1,65,000
	To Sales Account				60,000
	To Rent Received Account				80,000
	To Commission Received Account				25,000
	(Being cheque received on account of Sales, Rent and Commission)
Feb. 25	Interest Account	Dr.		18,000
	Furniture A/c	Dr.		68,000
	Purchase Account	Dr.		70,000
	To Bank Account				1,56,000
	(Being cheque paid on account of Interest, Building, Purchases)

LEDGER :

CASH ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023
Feb.1	To Sales A/c	80,000
	To Interest Received A/c	7,000

SALES ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2023
			Feb.1	By Cash A/c	80,000
			Feb.7	By Bank A/c	60,000

INTEREST RECEVED ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2023
			Feb.1	By Cash A/c	7,000

BANK ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023			2023
Feb. 7	To Sales Account	60,000	Feb. 25	By Interest Account	18,000
Feb. 7	To Rent Account	80,000	Feb. 25	By Furniture A/c	68,000
Feb. 7	To Commission Received	25,000	Feb. 25	By Purchase Account	70,000

RENT RECEIVED ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2023
			Feb. 7	By Bank A/c	80,000

COMMISSION RECEIVED ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2023
			Feb. 7	By Bank A/c	25,000

PURCHASE ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023
Feb. 25	To Bank A/c	70,000

INTEREST ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023
Feb. 25	To Bank A/c	18,000

FURNITURE ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2023
Feb. 25	To Bank A/c	68,000