Problem No 1 Chapter No 9 – Unimax Class 11

Posted by By Rajan Suman 15 Min Read May 7, 2022
Problem-No-1-Chapter-No-9-Unimax-11-Class
Problem-No-1-Chapter-No-9-Unimax-11-Class

Problem No 1 Chapter No 9 – Unimax Class 11

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

 

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        

 

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        

 

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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

 

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        

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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

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

Trial Balance | Explanation | Methods | Examples

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

Trial Balance | Explanation | Methods | Examples – in Hindi

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Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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

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