Problem 4 Chapter 6 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 16 Min Read May 20, 2022
PROBLEM4 - CH-6 Solution
PROBLEM4 - CH-6 Solution

Problem 4 Chapter 6 – Unimax

PROBLEM 4.
Enter the following transaction in the journal of Ketak, post to the ledger and prepare a balance

2020  
Jan . 1 Assets in hand: Cash Rs. 700
  Bank Rs. 1300
  Stock Rs. 24,000
  Due from Sohan Rs. 7,000
  Liabilities: Due to Mohit Rs. 2,000
  Due to Pran Rs. 2,700
Jan. 3 Received from Sohan Rs. 6,900 in full Settlement.
Jan. 4 Cash purchase Rs. 3,000
Jan. 7 Paid Rs. 1950 to Mohit in full settlement
Jan.12 Cash sales Rs. 18,000
Jan. 20 Paid rent Rs. 150
Jan. 23 Paid to Pran by Cheque Rs. 1,000
Jan. 25 Cheque received for good sold Rs. 5,000
Jan. 31 Withdrawn for personal use by owner Rs. 500

The solution of Problem 4 Chapter 6 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2020          
Jan. 1 Cash A/C Dr.   700  
  Bank A/C Dr.   1,300  
  Stock A/C Dr.   24,000  
  Sohan’s A/c Dr.   7,000  
  To Mohit’s A/c       2,000
  To Pran’s A/C       2,700
  To Capital A/c       28,300
  (Being opening balances brought forward)        
           
Jan. 3 Cash A/c Dr.   6,900  
  Discount A/c Dr.   100  
  To Sohan’s A/c       7,000
  (Being cash received from Sohan in full settlement)        
           
Jan. 4 Purchases A/c Dr.   3,000  
  To Cash A/c       3,000
  (Being goods purchased in cash)        
           
Jan. 7 Mohit’s A/c Dr.   2,000  
  To Cash A/c       1,950
  To Discount A/C       50
  (Being paid to Mohit in full settlement)        
           
Jan. 12 Cash A/c Dr.   18,000  
  To Sales A/c       18,000
  (Being goods sold in cash)        
           
Jan. 20 Rent A/c Dr.   150  
  To Cash A/c       150
  (Being rent paid in cash)        
           
Jan. 23 Pran’s A/c Dr.   1,000  
  To Bank A/c       1,000
  (Being paid to pran by cheque)        
           
Jan. 25 Bank A/c Dr.   5,000  
  To Sales A/c       5,000
  (Being goods sold &cheque received)        
           
Jan. 3 Drawings A/c Dr.   500  
  To Cash A/c       500
  (Being cash withdrawn by owner)        
  Grand Total   64,950 64,950

LEDGER BOOKS OF KETAK :

 CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Balance b/d 700 Jan. 4 By Purchases A/c 3,000
Jan. 3 To Sohan’s A/c 6,900 Jan. 7 By Mohit’s A/c 1,950
Jan. 12 To Sales A/c 18,000 Jan. 20 By Rent A/c 150
      Jan. 31 By Drawings A/c 500
      Jan. 31 By Balance c/d 20,000
           
    25,600     25,600
           
Feb. 1 To Balance b/d 20,000      

 BANK ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Balance c/d 1,300 Jan. 23 By Pran’s A/c 20,000
Jan. 25 To Sales A/c 5,000 Jan. 31 By Balance b/d 5,300
           
    6,300     6,300
           
Feb. 1 To Balance b/d  5,300      

STOCK ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Balance c/d 24,000 Jan. 31 By Balance b/d 24,000
           
    24,000     24,000
           
Feb. 1 To Balance b/d 24,000      

 SOHAN’S ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Balance b/d 7,000 Jan. 3 By Pran’s A/c 6,900
      Jan. 3 By Balance b/d 100
           
    7,000     7,000

 MOHIT’S ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 7 To Cash A/c 1,950 Jan. 1 By Balance b/d 2,000
Jan. 7 To Discount A/c 50      
           
    2,000     2,000

PRAN’S ACCOUNT

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Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 23 To Bank A/c 1,000 Jan. 1 By Balance b/d 2,700
Jan. 31 To Balance c/d 1,700      
           
    2,700     2,700
           
      Feb. 1 By Balance b/d 1,700

 CAPITAL ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 31 To Balance c/d 28,300 April 1 By balance b/d 16,000
           
    28,300     16,000
           
      Feb. 1 By Balance b/d 28,300 

 DISCOUNT A/C

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 3 To SOHAN’s A/c 100 Jan. 7 By Mohit’s A/c 50
      Jan. 31 By Balance C/d 50
           
    100     100
           
Feb. 1 To Balance b/d 50      

PURCHASE A/C

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 4 To Cash A/c 3,000      
      Jan. 31 By Balance C/d 3,000
           
    3,000     3,000
           
Feb. 1 To Balance b/d 3,000      

SALES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 31 To Balance c/d 23,000 Jan. 12 By Cash A/c 18,000
      Jan. 25 By Bank A/c 5,000
    23,000     23,000
           
      Feb. 1 To Balance b/d 23,000

RENT A/C

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 20 To Cash A/c 150 Jan. 31 By Balance C/d 150
           
    100     150
           
Feb. 1 To Balance b/d 150      

DRAWINGS A/C

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 20 To Cash A/c 500 Jan. 31 By Balance C/d 500
           
    500     500
           
Feb. 1 To Balance b/d 500      

TRIAL BALANCE OF KETAK AS ON JAN. 31, 2020: 

Date Name of Accounts L.F. Debit (₹) Credit (₹)
1 Cash A/c   20,000  
2 Bank A/c   5,300  
3 Stock A/c   24,000  
4 Pran’s A/c     1,700
5 Capital A/c     28,300
6 Discount A/c   50  
7 Purchases A/c   30,000  
8 Sales A/c     23,000
9 Rent A/c   150  
10 Drawings A/c   500  
  Total   53,000 53,000

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This is all about the Problem 4 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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Comment if you have any doubt in the Problem 4 Chapter 6 – Unimax.

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 Reconlciliation 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 Compurters 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: –

 

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