Question 41 Chapter 4 – Unimax Publications of Class 11

Question 41 Chapter 4 – Unimax Publications of Class 11

41. Journalise:
(a). Machinery costing Rs. 25,000 is sold for Rs. 20,500.
(b) Goods costing Rs. 4,500 were sold for Rs. 6,000
(c) Money received for sale proceeds of old newspapers and magazines Rs. 220
(d) Money paid for subscribing newspapers and magazines Rs. 135.
(e) Paid Rs. 600 in cash as wages for installation of machinery.

The solution of Question 41 Chapter 4 – Unimax Publications of Class 11:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
(a)	Cash A/c	Dr.		20,500
	Profit & Loss A/c	Dr.		4,500
	To Machinery A/c				25,000
	(Being machinery sold and loss suffered)
(b)	Cash A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being goods sold for cash)
(c)	Cash A/c	Dr.		220
	To Miscellaneous receipts A/c				220
	(Being cash received from sale of old newspapers and magazines)
(d)	Sundry expenses A/c	Dr.		135
	To Cash A/c				135
	(Being cash paid for subscribing newspapers and magazines)
(e)	Machinery A/c	Dr.		600
	To Cash A/c				600
	(Being cash paid for installation of machinery)
	Grand Total			31,955	31,955