Question 4a Chapter 4 – Unimax Publications of Class 11

Question 4a Chapter 4 – Unimax Publications of Class 11

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Jan. 10 Cash withdrawn from business for domestic use Rs. 20,000.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 Publications of Class 11:

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	(Being cash withdrawn from business for domestic use)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)