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Question 42 Chapter 4 – Unimax Publications of Class 11
42. Journalise
(a) Sold goods to X list price Rs. 4000, trade discount 10% and cash discount 5%. He paid the amount on the same day and availed cash discount.
(b) Supplied goods costing Rs. 6,000 to Y, issued invoice at 10% above cost less 5% trade discount.
(c) Z withdrew goods for the marriage of his daughter, selling price of which was Rs. 1800 (20
added to the cost for fixing the selling price.)
(d) Purchased goods of list price of Rs. 4,000 From A at a trade discount of 10% and cash discount 4 % and half the amount paid in cash.
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| (a) | Cash A/c | Dr. | 3,420 | ||
| Discount A/c | Dr. | 180 | |||
| To Sales A/c | 3,600 | ||||
| (Being goods sold for cash and discount allowed) | |||||
| (b) | Y’s A/c | Dr. | 6,270 | ||
| To Sales A/c | 6,270 | ||||
| (Being goods sold at 5% trade discount) ( 6,600- 330) | |||||
| (c) | Drawings A/c | Dr. | 1,500 | ||
| To Purchases A/c | 1,500 | ||||
| (Being goods withdrawn for personal use) | |||||
| (d) | Purchases A/c | Dr. | 3,600 | ||
| To Cash A/c | 1,728 | ||||
| To Discount A/c | 72 | ||||
| To A’s A/c | 1,800 | ||||
| (Being goods purchased from A and half amount paid in Cash receiving 4% cash discount) |
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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 42 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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