Question 34 Chapter 4 - Unimax Publications of Class 11

Question 34 Chapter 4 - Unimax

34. Pass journal entries in the following cases
(a) Charge interest on drawings Rs. 1,050
(b) Provide 8% interest on capital amounted to Rs, 1,00,000
(c) Goods worth Rs. 2,300 were used by proprietor for personal use
(d) Charge 6% depreciation on machinery costing Rs. 1,50,000
(e) Received RS. 450 from Y as commission
(f) Paid Rs. 600 to X on account.

The solution of Question 34 Chapter 4 - Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
(a)	Drawings A/c	Dr.		1,050
	To Interest on drawings A/c				1,050
	(Being charged interest on drawings)
(b)	Interest on Capital A/c	Dr.		8,000
	To Capital A/c				8,000
	(Being charged interest on capital)
(c)	Drawings A/c	Dr.		2,300
	To Purchases A/c				2,300
	(Being goods used by Proprietor for personal use)
(d)	Depreciation A/c	Dr.		9,000
	To Machinery A/c				9,000
	(Being charged depreciation on machinery)
(e)	Cash A/c	Dr.		450
	To Commission A/c				450
	(Being cash received as commission)
(f)	X's A/c	Dr.		600
	To Cash A/c				600
	(Being paid to X)
	Grand Total			21,400	21,400

This is all about the Question 34 Chapter 4 - Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

You Can also read all above articles in Hindi on our Hindi Website

Opening Journal Entry – its Rules and Examples - In Hindi

Thanks, Please Like and share with your friends  

Comment if you have any doubt in the Question 34 Chapter 4 - Unimax.

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

You can also Check out the other Books' Solution: -

• Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
• T.S. Grewal’s Double Entry Book Keeping (Class +1) – Solution
• D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

---