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Question 4b Chapter 4 - Unimax
4. (b) Journalise the following transactions in the books of Shriya.
2021
Jan. 1 Started business with Bank Rs. 2,50,000 & Cash Rs. 1,00,000 by Shriya.
Jan. 2 Paid school fees of proprietor's daughter from the business Rs. 10,000.
Jan, 6 Shriya withdrew cash Rs. 18,000 for her birthday party from her personal account.
Jan. 10 Rent of the Owner's House paid from Business Rs. 20,000
Jan. 15 Cash withdrawn by Shriya for her House use Rs. 4,000.
Jan. 18 Rent Received from Business Rs. 30,000, deposited into Shriya's personal account
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2021 | |||||
| Jan 1 | Bank A/c | Dr. | 2,50,000 | ||
| Cash A/c | Dr. | 1,00,000 | |||
| To Shriya's Capital A/c | 3,50,000 | ||||
| (Being business started with cash & bank) | |||||
| Jan 2 | Drawings A/c | Dr. | 10,000 | ||
| To Cash A/c | 10,000 | ||||
| (Being school fees of proprietor's daughter paid from business) | |||||
| Jan 6 | No Entry | ||||
| Jan 10 | Drawings A/c | Dr. | 20,000 | ||
| To Cash A/c | 20,000 | ||||
| (Being rent of owner's resident paid) | |||||
| Jan 15 | Drawings A/c | Dr. | 4,000 | ||
| To Cash A/c | 4,000 | ||||
| (Being cash withdrawn for House use) | |||||
| Jan 18 | Cash A/c | Dr. | 30,000 | ||
| To Rent Received A/c | 30,000 | ||||
| (Being rent received from business) | |||||
| Drawings A/c | Dr. | 30,000 | |||
| To Cash A/c | 30,000 | ||||
| (Being amount of rent received deposited in Shriya's personal account) | |||||
This is all about the Question 4b Chapter 4 - Unimax. You can check out the following article to better understand:
Opening Journal Entry – its Rules and Examples
You Can also read all above articles in Hindi on our Hindi Website
Opening Journal Entry – its Rules and Examples - In Hindi
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Part-I
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Part-II
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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 4b Chapter 4 - Unimax Publications of Class 11", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax class 11 - 2021.
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