Question 9 Chapter 4 - Unimax Publications of Class 11

Question 9 Chapter 4 - Unimax

9. Record the following transactions in the books of Simran.
2021
Mar. 1 Borrowed Rs. 1,00,000 from Bank @ 10% interest.
Mar. 2 Borrowed Rs. 50,000 from Sunil.
Mar. 10 Repaid Rs. 25,000 to Sunil.
Mar. 15 Lent Rs. 1,00,000 to Rahul.
Mar. 18 Borrowed Rs. 44,000 from Simran's brother Jaideep @ 10% interest.
Mar. 20 Rahul Repaid Rs. 50,000.

The solution of Question 9 Chapter 4 - Unimax:

JOURNAL OF SIMRAN

Date	Particulars		L.F.	Debit	Credit
2021
Mar. 1	Cash A/c	Dr.		1,00,000
	To Loan from Bank A/c				1,00,000
	(Being cash borrowed from bank)
Mar. 2	Cash A/c	Dr.		50,000
	To Sunil A/c				50,000
	(Being cash borrowed from Sunil)
Mar. 10	Sunil A/c	Dr.		25,000
	To Cash A/c				25,000
	(Being repaid to Sunil)
Mar. 15	Loan to Rahul A/c	Dr.		1,00,000
	To Cash A/c				1,00,000
	(Being cash lent to Rahul)
Mar. 18	Cash A/c	Dr.		44,000
	To Loan from Jaideep A/c				44,000
	(Being loan taken from his brother Jaideep @ 10% interest)
Mar. 20	Cash A/c	Dr.		50,000
	To Rahul A/c				50,000
	(Being cash repaid to Rahul)

This is all about the Question 9 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