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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

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Problem 4 Chapter 6 – Unimax

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

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

The solution of Problem 4 Chapter 6 – Unimax:

JOURNAL

DateParticulars L.F.DebitCredit
2020     
Jan. 1Cash A/CDr. 700 
 Bank A/CDr. 1,300 
 Stock A/CDr. 24,000 
 Sohan’s A/cDr. 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. 3Cash A/cDr. 6,900 
 Discount A/cDr. 100 
 To Sohan’s A/c   7,000
 (Being cash received from Sohan in full settlement)    
      
Jan. 4Purchases A/cDr. 3,000 
 To Cash A/c   3,000
 (Being goods purchased in cash)    
      
Jan. 7Mohit’s A/cDr. 2,000 
 To Cash A/c   1,950
 To Discount A/C   50
 (Being paid to Mohit in full settlement)    
      
Jan. 12Cash A/cDr. 18,000 
 To Sales A/c   18,000
 (Being goods sold in cash)    
      
Jan. 20Rent A/cDr. 150 
 To Cash A/c   150
 (Being rent paid in cash)    
      
Jan. 23Pran’s A/cDr. 1,000 
 To Bank A/c   1,000
 (Being paid to pran by cheque)    
      
Jan. 25Bank A/cDr. 5,000 
 To Sales A/c   5,000
 (Being goods sold &cheque received)    
      
Jan. 3Drawings A/cDr. 500 
 To Cash A/c   500
 (Being cash withdrawn by owner)    
 Grand Total 64,95064,950

LEDGER BOOKS OF KETAK :

 CASH ACCOUNT

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DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 1To Balance b/d700Jan. 4By Purchases A/c3,000
Jan. 3To Sohan’s A/c6,900Jan. 7By Mohit’s A/c1,950
Jan. 12To Sales A/c18,000Jan. 20By Rent A/c150
   Jan. 31By Drawings A/c500
   Jan. 31By Balance c/d20,000
      
  25,600  25,600
      
Feb. 1To Balance b/d20,000   

 BANK ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 1To Balance c/d1,300Jan. 23By Pran’s A/c20,000
Jan. 25To Sales A/c5,000Jan. 31By Balance b/d5,300
      
  6,300  6,300
      
Feb. 1To Balance b/d 5,300   

STOCK ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 1To Balance c/d24,000Jan. 31By Balance b/d24,000
      
  24,000  24,000
      
Feb. 1To Balance b/d24,000   

 SOHAN’S ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 1To Balance b/d7,000Jan. 3By Pran’s A/c6,900
   Jan. 3By Balance b/d100
      
  7,000  7,000

 MOHIT’S ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 7To Cash A/c1,950Jan. 1By Balance b/d2,000
Jan. 7To Discount A/c50   
      
  2,000  2,000

PRAN’S ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 23To Bank A/c1,000Jan. 1By Balance b/d2,700
Jan. 31To Balance c/d1,700   
      
  2,700  2,700
      
   Feb. 1By Balance b/d1,700

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 CAPITAL ACCOUNT

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DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 31To Balance c/d28,300April 1By balance b/d16,000
      
  28,300  16,000
      
   Feb. 1By Balance b/d28,300 

 DISCOUNT A/C

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 3To SOHAN’s A/c100Jan. 7By Mohit’s A/c50
   Jan. 31By Balance C/d50
      
  100  100
      
Feb. 1To Balance b/d50   

PURCHASE A/C

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 4To Cash A/c3,000   
   Jan. 31By Balance C/d3,000
      
  3,000  3,000
      
Feb. 1To Balance b/d3,000   

SALES ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 31To Balance c/d23,000Jan. 12By Cash A/c18,000
   Jan. 25By Bank A/c5,000
  23,000  23,000
      
   Feb. 1To Balance b/d23,000

RENT A/C

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 20To Cash A/c150Jan. 31By Balance C/d150
      
  100  150
      
Feb. 1To Balance b/d150   

DRAWINGS A/C

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan. 20To Cash A/c500Jan. 31By Balance C/d500
      
  500  500
      
Feb. 1To Balance b/d500   

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

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DateName of AccountsL.F.Debit (₹)Credit (₹)
1Cash A/c 20,000 
2Bank A/c 5,300 
3Stock A/c 24,000 
4Pran’s A/c  1,700
5Capital A/c  28,300
6Discount A/c 50 
7Purchases A/c 30,000 
8Sales A/c  23,000
9Rent A/c 150 
10Drawings A/c 500 
 Total 53,00053,000

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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

You Can also read all above articles in Hindi on our Hindi Website

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.

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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 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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