Question 30 Chapter 4 – Unimax Publications of Class 11

Question 30 Chapter 4 – Unimax Publications of Class 11

30. Journalise the following transactions:
(i) Withdrew cash from office for personal use Rs. 2500
(ii) Received commission Rs. 7000
(iii) Wages paid by cheque Rs. 1,200
(iv) Withdrew cash from bank for office use Rs. 1,600
(v) Dividend received through cheque Rs. 650
(vi) Purchased machinery from X& Co. Rs. 10,000
(vii) Provide 8% depreciation on machinery costing Rs. 25,000.

The solution of Question 30 Chapter 4 – Unimax Publications of Class 11:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
(i)	Drawings A/c	Dr.		2,500
	To Cash A/c				2,500
	(Being withdrawn cash for personal use)
(ii)	Cash A/c	Dr.		700
	To Commission A/c				700
	(Being commission received)
(iii)	Wages A/c	Dr.		1,200
	To Bank A/c				1,200
	(Being paid wages by cheque)
(iv)	Cash A/c	Dr.		1,600
	To Bank A/c				1,600
	(Being cash withdrawn from Bank for office use)
(v)	Bank A/c	Dr.		650
	To Dividend A/c				650
	(Being dividend received by cheque)
(vi)	Machinery A/c	Dr.		10,000
	To X & Co. A/c				10,000
	(Being machinery purchased from X & Co.)
(vii)	Depreciation A/c	Dr.		2,000
	To Machinery A/c				2,000
	(Being charged depreciation on machinery)
	Grand Total			18,650	18,650