Question 10 Chapter 4 - Unimax Publications of Class 11

Question 10 Chapter 4 – Unimax

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The solution of Question 10 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

10. Journalise the following transactions in the books of Manish.
2021
Mar. 1 Started business with cash Rs. 3,00,000.
Mar. 4 Purchased goods Rs. 40,000 at C.D. 10%.
Mar. 8 Purchased goods Rs. 50,000 at 10% T.D.
Mar. 9 Purchased goods Rs. 40,000 from Ram
Mar. 15 Sold good Rs. 20,000 at 10% C.D.
Mar. 20 Sold good Rs.30,000 to Manish at
Mar. 22 Sold goods RS. 40,000 at 20% T.D. Particulars at 10% C.D.10% T.D. Amount received by Cheque.
Mar. 28 Purchased goods Rs. 50,000 at 10% C.D. and 10% T.D.
Mar. 30 Sold goods Rs. 60,000 at 20% T.D. and 20% C.D.

The solution of Question 10 Chapter 4 – Unimax:

JOURNAL OF MANISH

Date	Particulars		L.F.	Debit	Credit
2021
Mar. 1	Cash A/c	Dr.		3,00,000
	To Capital A/c				3,00,000
	(Being business started with cash)

Mar. 4	Purchases A/c	Dr.		40,000
	To Cash A/c				36,000
	To Discount received A/c				4,000
	(Being goods purchased at 10 % C.D.)

Mar. 8	Purchases A/c	Dr.		45,000
	To Cash A/c				45,000
	(Being goods purchased at 10% T.D)

Mar. 9	Purchases A/c	Dr.		40,000
	To Cash A/c				36,000
	To Discount received A/c				4,000
	(Being goods purchased from Ram at 10 % C.D)

Mar 15	Cash A/c	Dr.		18,000
	Discount received A/c	Dr.		2,000
	To Sales A/c				20,000
	(Being goods sold at C.D )

Mar. 20	Bank A/c	Dr.		27,000
	To Sales A/c				27,000
	(Being goods sold to Manisha at T.D 10 % )

Mar. 22	Cash A/c	Dr.		32,000
	To Sales A/c				32,000
	(Being goods sold at 20 % T.D )

Mar. 25	Purchases A/c	Dr.		45,000
	To Cash A/c				40,500
	To Discount received A/c				4,500
	(Being goods purchased at C.D & T.D )

Mar 30	Cash A/c	Dr.		38,400
	Discount received A/c	Dr.		9,600
	To Sales A/c				40,000
	(Being goods sold on S.D & T.D)

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Opening Journal Entry – its Rules and Examples

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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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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Question 10 Chapter 4 – Unimax Publications of Class 11

The solution of Question 10 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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