Question 9 Chapter 6 - Unimax Publications of Class 11

Question 9 Chapter 6 - Unimax

9. Pass the Journal entries and prepare Machinery Account:
2020
May 1 Machine purchased for cash Rs. 2,00,000
May 5 Machine withdraw for domestic use Rs. 10,000
May 13 Depreciation on machine Rs. 2,000
May 15 Sold Machine for cash Rs. 30,000
May 19 Bought Furniture for cash Rs. 25,000
May 25 Machine bought for personal use Rs. 22,000

The solution of Question 9 Chapter 6 - Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2020
May 1	Machine Account	Dr.		2,00,000
	To Cash Account				2,00,000
	(Being machine purchased for cash)
May 5	Drawings Account	Dr.		10,000
	To Machine Account				10,000
	(Being machine withdrawn for personal use)
May 13	Depreciation Account	Dr.		2,000
	To Machine Account				2,000
	(Being depreciation charged on Machine)
May 15	Cash Account	Dr.		30,000
	To Machine Account				30,000
	(Being Machine sold for cash)
May 19	Furniture Account	Dr.		25,000
	To Cash Account				25,000
	(Being Furniture bought for cash)
May 25	Drawings Account	Dr.		22,000
	To Cash Account				22,000
	(Being Machine bought for personal use)

LEDGER :

MACHINE ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020			2020
May 1	To Cash Account	2,00,000	May 5	By Drawings Account	10,000
			May 13	By Depreciation Account	2,000
			May 15	By Cash Account	30,000
				By Balance c/d	1,58,000
		2,00,000			2,00,000
	To Balance b/d	1,58,000

This is all about the question 9 Chapter 6 - Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger - 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