Question 4a Chapter 4 - Unimax Publications of Class 11

Question 4a Chapter 4 - Unimax

4. (a) From the following transactions of Raju Trading Co. Prepare Journal
2021
Jan. 1 Raju commenced business with cash Rs. 2,00,000.
Jan. 10 Cash withdrawn from business for domestic use Rs. 20,000.
Jan. 15 Additional Capital introduced in the business Rs. 50,000.
Jan 20. Income Tax paid Rs. 10,000.
Jan. 25 Personal Car introduced in the business Rs. 4,00,000.
Jan. 28 Life Insurance Premium paid Rs. 10,000.
Jan. 31 Personal Cash paid to purchase building for the business Rs. 3,00,000.

The solution of Question 4a Chapter 4 - Unimax:

Date	Particulars		L.F.	Debit	Credit
2021
Jan 1	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Being business started with cash)
Jan 10	Drawings A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being cash withdrawn from business for domestic use)
Jan 15	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Being additional capital introduced)
Jan 20	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Income Tax Paid)
Jan 25	Car A/c	Dr.		4,00,000
	To Capital A/c				4,00,000
	(Being personal car introduced in business)
Jan 28	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Life Insurance premium paid)
Jan 31	Building A/c	Dr.		3,00,000
	To Capital A/c				3,00,000
	(Being building purchased for business for personal cash)

This is all about the Question 4a 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