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Problem No 1 Chapter No 9 – Unimax Class 11

By Rajan Suman 15 Min Read May 7, 2022

Problem-No-1-Chapter-No-9-Unimax-11-Class

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Problem No 1 Chapter No 9 – Unimax Class 11

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Table of Contents

The solution of Problem No 1 Chapter No 9 – Unimax Class 11

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

1. Record the following transactions in the journal of the Delhi furniture mart. Post them into the Ledger account and draft a trial balance.

2020
Jan.1	Started business with cash ₹ 40,000
Jan.2	Deposited into Bank ₹ 19,000
Jan.3	Purchased machinery for ₹ 15,000 from Jawahar and him a cheque for the amount
Jan.15	Paid installation charges of machinery ₹ 1,100
Jan.20	Purchased timber from Naveen of the list price of ₹ 2,000. He allowed 10% trade discount.
Jan.23	Furniture costing ₹ 500 was used in furnishing the office.
Jan.25	Sold furniture to Naresh of the list price of ₹ 1,000 and allowed him 5 % trade discount
Jan.28	Received a cheque from Naresh for ₹ 930 in full settlement and sent the cheque to the bank.
Jan.29	Sent to Naveen in full settlement a cheque for ₹ 1,750.
Jan.31	Paid wages ₹ 350 and rent ₹ 200.

The solution of Problem No 1 Chapter No 9 – Unimax Class 11

	Journal A/c
Date	Particulars		L.F.	Debit	Credit
2020
Jan.1	Cash A/c	Dr.		40,000
	To Capital A/c				40,000
	(Being started business with cash)
Jan.2	Bank A/c	Dr.		19,000
	To Cash A/c				19,000
	(Being cash deposited into the bank)
Jan.3	Machinery A/c	Dr.		15,000
	To Bank A/c				15,000
	(Being purchases machinery by cheque)
Jan.15	Machinery A/c	Dr.		1,100
	To Cash A/c				1,100
	(Being paid installation charges of machinery)
Jan.20	Purchases A/c	Dr.		1,800
	To Naveen’s A/c				1,800
	(Being timber purchased on credit)
Jan.23	Furniture A/c	Dr.		500
	To Purchases A/c				500
	(Being furniture used in furnishing the office)
Jan.25	Naresh’s A/c	Dr.		950
	To Sales A/c				950
	(Being good sold to Naresh)
Jan.28	Bank A/c	Dr.		930
	Discount A/c	Dr.		20
	To Naresh’s A/c				950
	(Being received from Naresh in full settlement of his account)
Jan.29	Naveen’s A/c	Dr.		1,800
	To Bank A/c				1,750
	To Discount A/c				50
	(Being cash paid to Naveen in full settlement of his account)
Jan.31	Wages A/c	Dr.		350
	Rent A/c	Dr.		200
	To Cash A/c				550
	(Being wages and rent paid)

	Ledger
Dr.	Cash A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Capital A/c		40000	Jan.2	By Bank A/c		19000
					By Machinery A/c		1100
					By wages A/c		350
					By Rent A/c		200
					By Balance c/d		19350

			40000				40000
Feb.1	To Balance b/d		19350

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		40000	Jan.1	By Cash A/c		40000
			40000				40000
					By Balance b/d		40000

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Dr.	Bank A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.2	To Cash A/c		19000	Jan.3	By Machinery A/c		15,000
Jan.28	To Naresh’s A/c		930	Jan.29	By Naveen A/c		1750
				Jan.31	By Balance c/d		3180
			19930				19930
Feb.1	To Balance b/d		3180

Dr.	Machinery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.3	To Machinery A/c		15000	Jan.31	By Balance c/d		16100
Jan.15	To Cash A/c		1100
			16100				16100
Feb.1	To balanceb/d		16100

Dr.	Naveen’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.29	To Bank A/c		1750	Jan.20	By Purchases A/c		1800
Jan.28	To Discount received A/c		50
			1800				1800

Dr.	Furniture & Fixtures A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.23	To Purchases A/c		500	Jan.31	By Balance c/d		500

			500				500
Feb.1	To Balance b/d		500

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Dr.	Purchases A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.20	To Naveen’s A/c		1800	Jan.23	By Furniture A/c		500
				Jan.31	By Balance c/d		1300
			1800				1800
Feb.1	To Balance b/d		1300

Dr.	Naresh’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.25	To Sales A/c		950	Jan.28	By Bank A/c		930
				Jan.28	By Discount allowed A/C		20
			950				950

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Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		950	Jan.25	By Naresh’s A/c		950
			950				950
				Feb.1	By Balance b/d		950

Dr.	Discount Allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.28	To Naresh’s A/c		20	Jan.31	By Balance c/d		20
			20				20
Feb.1	To Balance b/d		20

Dr.	Discount Received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		50	Jan.29	By Naveen’s A/c		50
			50				50
				Feb.1	By Balance b/d		50

Dr.	Wages A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Cash A/c		350	Jan.31	By Balance c/d		350
			350				350
Feb.1	To Balance b/d		350

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Cash A/c		200	Jan.31	By Balance c/d		200
			200				200
Feb.1	To Balance b/d		200

Trail Balance A/c
S. No.	Name of A/c	L.F.	Debit	Credit
1	Cash A/c		19,350
2	Capital A/c			40,000
3	Bank A/c		3,180
4	Machinery A/c		16,100
5	Furniture A/c		500
6	Purchases A/c		1,300
7	Sales A/c			950
8	Discount allowed A/c		20
9	Discount received A/c			50
10	Wages A/c		350
11	Rent A/c		200
	Total		41,000	41,000

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Read out the full article to know the meaning of Cash Book

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Trial Balance | Explanation | Methods | Examples

Also, Check out the same article in Hindi from the following link

Trial Balance | Explanation | Methods | Examples – in Hindi

Also, Check out the solved question of all 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

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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

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Rajan Suman May 1, 2022

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