Question 48 Chapter 4 - Unimax Publications of Class 11

The solution of Question 48 Chapter 4 - Unimax:

JOURNAL OF MAHESH

Date	Particulars		L.F.	Debit	Credit
2021
Dec. 1	Cash A/c	Dr.		2,50,000
	To Capital A/c				2,50,000
	(Being cash introduced as capital and business started)
Dec. 3	Bank A/c	Dr.		1,10,000
	To Bank A/c				1,10,000
	(Being cash paid into bank)
Dec. 5	Purchases A/c	Dr.		50,000
	Carriage A/c	Dr.		2,000
	To Cash A/c				52,000
	(Being goods purchased and carriage paid for cash)
Dec. 6	Purchases A/c	Dr.		75,000
	To Ramesh’s A/c				75,000
	(Being goods purchased from Ramesh)
Dec. 6	Carriage A/c	Dr.		1,400
	To Cash A/c				1,400
	(Being carriage paid on goods purchased from Ramesh)
Dec. 10	Machinery A/c	Dr.		12,200
	To Cash A/c				12,200
	(Being machinery purchased and carriage paid)
Dec. 14	Ramesh's A/c	Dr.		75,000
	To Cash A/c				67,500
	To Discount A/c				7,500
	(Being payment made to Ramesh and discount received)
Dec. 16	Madhav A/c	Dr.		1,40,000
	To Sales A/c				1,40,000
	(Being goods sold to Madhav)
Dec. 16	Carriage outwards A/c	Dr.		400
	To Cash A/c				400
	(Being cartage paid in connection with goods sold)
Dec. 20	Cash A/c	Dr.		40,000
	To Capital A/c				40,000
	(Being further cash introduced by proprietor)
Dec. 24	Purchases A/c	Dr.		30,000
	To Bank A/c				30,000
	(Being goods purchased and payment made by cheque)

This is all about the Question 48 Chapter 4 - Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples - In Hindi

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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