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Question 5a Chapter 4 – Unimax Publications of Class 11
5. (a) Journalise the following Transactions in the books of Gagan.
2021
Jan 1 Started business with Cash Rs. 60,000.
Jan 2 Purchased goods for cash Rs. 6,000
Jan 5 Purchased goods from Gurdeep Rs. 30,000.
Jan 8 Purchased goods from Gobind on Cash 10,000
Jan 10 Sold goods for cash Rs. 5,000.
Jan 11 Sold goods for Rs. 10,000
Jan 12 Sold goods to Harmeet Rs. 3,000.
Jan 14 Sold goods on Cash to Ravi Rs. 4,000.
Jan 15 Purchased goods for Rs. 9,000.
Jan 16 Purchased goods from Jai Parkash Rs.4,000 on credit
Jan 18 Purchased goods Rs. 4,000 from Romika.
JOURNAL OF GAGAN
| Date | Particulars | L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2021 | |||||
| Jan 1 | Cash A/c | Dr. | 60,000 | ||
| To Capital A/c | 60,000 | ||||
| (Being business started with cash) | |||||
| Jan 2 | Purchases A/c | Dr. | 6,000 | ||
| To Cash A/c | 6,000 | ||||
| (Being goods purchased for cash) | |||||
| Jan 5 | Purchases A/c | Dr. | 30,000 | ||
| To Gurdeep A/c | 30,000 | ||||
| (Being goods purchased from Gurdeep) | |||||
| Jan 8 | Purchases A/c | Dr. | 10,000 | ||
| To Cash A/c | 10,000 | ||||
| (Being goods purchased for cash) | |||||
| Jan 10 | Cash A/c | Dr. | 5,000 | ||
| To Sales A/c | 5,000 | ||||
| (Being goods sold for cash) | |||||
| Jan 11 | Cash A/c | Dr. | 10,000 | ||
| To Sales A/c | 10,000 | ||||
| (Being goods sold) | |||||
| Jan 12 | Harmeet A/c | Dr. | 3,000 | ||
| To Sales A/c | 3,000 | ||||
| (Being goods sold to Harmeet) | |||||
| Jan 14 | Cash A/c | Dr. | 4,000 | ||
| To Sales A/c | 4,000 | ||||
| (Being goods sold to Ravi on cash) | |||||
| Jan 15 | Purchases A/c | Dr. | 9,000 | ||
| To Cash A/c | 9,000 | ||||
| (Being goods purchased) | |||||
| Jan 16 | Purchases A/c | Dr. | 4,000 | ||
| To Jai Prakash A/c | 4,000 | ||||
| (Being goods purchased from Jai Prakash) | |||||
| Jan 18 | Purchases A/c | 4,000 | |||
| To Romika A/c | 4,000 | ||||
| (Being good purchased from Romika) | |||||
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 5a Chapter 4 – Unimax Publications of Class 11", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 11 - 2023.
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