Question 4b Chapter 4 – Unimax Publications of Class 11

Question 4b Chapter 4 – Unimax Publications of Class 11

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Jan. 15 Cash withdrawn by Shriya for her House use Rs. 4,000.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

The solution of Question 4b Chapter 4 – Unimax Publications of Class 11:

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	(Being cash withdrawn for House use)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)