Question 1 Chapter 5 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 8 Min Read May 17, 2022
Q1 - CH-5 Solution
Q1 - CH-5 Solution

Question 1 Chapter 5 – Unimax

1. Pass entries in the books of Surindra assuming all transactions have taken place within the state. Assume CGST @9% and SGST@9%.
2020
April 1 Purchased goods for Rs. 6,00,000 from Mohan & Sons.
April 4 Sold goods for Rs. 10,00,000 to Sohan& Co.
April 5 Goods returned Rs. 1,00,000 to Mohan & Sons.
April 10 Paid for Advertisement Rs. 40,000 by cheque
April 15 Goods returned by Sohan & Co. Rs. 2,00,000
April 20 Purchased Furniture for office use Rs. 1,00,000 and payment made by cheque.
April 22 Paid for printing & stationery Rs. 10,000.

The solution of Question 1 Chapter 5 – Unimax:

JOURNAL OF SURINDRA

Date Particulars   L.F. Debit Credit
2020          
Apr. 1 Purchases A/c Dr.   6,00,000  
  Input CGST A/c Dr.   54,000  
  Input SGST A/c Dr.   54,000  
  To Mohan& Sons A/c       7,08,000
  (Being good purchased from Mohan & Sons within the state)        
           
Apr. 4  Sohan A/c Dr.   11,80,000  
  To Sales A/c       10,00,000
  To Output CGST A/c       90,000
  To Output SGST A/c       90,000
  (Being goods sold to Sohan within the state)        
           
Apr. 5 Mohan& Sons A/c Dr.   1,18,000  
  To Purchase Return A/c       1,00,000
  To Input CGST A/c       9,000
  To Input SGST A/c       9,000
  (Being goods returned to Mohan & Sons)        
           
Apr. 10 Advertisement A/c Dr.   40,000  
  Input CGST A/c     3,600  
  Input SGST A/c     3,600  
  To Bank A/c       47,200
  (Being advertisement paid by cheque and GST levied)        
           
Apr. 15 Sales Return A/c Dr.   2,00,000  
  Output CGST A/c     18,000  
  Output SGST A/c     18,000  
  To Bank A/c       2,36,000
  (Being goods returned by Sohan and GST levied)        
           
Apr. 20 Furniture A/c Dr.   1,00,000  
  Input CGST A/c     9,000  
  Input SGST A/c     9,000  
  To Bank A/c       1,18,000
  (Being furniture purchased by cheque and GST paid)        
           
Apr. 22 Printing & Stationery A/c Dr.   10,000  
  Input CGST A/c     900  
  Input SGST A/c     900  
  To Discount A/c       11,800
  (Being printing& stationery paid)      

This is all about the Question 1 Chapter 5 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples – In Hindi

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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

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