Question 11b Chapter 4 – Unimax Publications of Class 11

Q11(b) - CH-4 Solution

Question 11b Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

11b Pass journal entries for the following:
2021
Dec. 1 Bought goods from Johny worth Rs. 1,00,000 at 10% T.D. and 10% C.D. Paid full amount at the time of purchase itself.
Dec. 4 Bought goods from Bhatia for Rs. 2,00,000 at 10% cash discount and 10% Trade discount. Half of the amount paid by cheque at the time of purchase.
Dec. 12 Sold goods to Sunny for Rs. 2,00,000 on terms 10% Trade discount and 10% Cash discount. If the payment is received within 10 days. 80% payment is received on Dec. 20 by cheque.
Dec. 18 Sold goods to Bunny for Rs. 2,00,000 at 20% Trade discount and 20% cash discount. If the payment is received within 15 days. He paid half the amount on Dec. 26 and 50% of the remainder on Dec. 31.
Dec. 20 Rahul to whom Rs. 10,000 was payable. His account settled by receiving of 5%.
Dec. 22 Shivani who owed Rs. 6,000 paid the amount in full settlement of her availing 2% discount.
Dec. 26 Paid Rs. 4,800 to Ravi availing a discount of 4%.
Dec. 28 Received Rs. 9,800 by cheque from Shriya allowing her 2% discount

The solution of Question 11b Chapter 4 – Unimax:

JOURNAL

Date Particulars L.F. Debit Credit
2021          
Dec. 1 Purchases A/c Dr.   90,000  
  To Cash A/c       81,000
  To Discount received A/c       9,000
  (Being goods purchased from Johny )        
           
Dec 4 Purchases A/c Dr.   1,80,000  
  To Cash A/c       90,000
  To Bhatia A/c       81,000
  To Discount received A/c       9,000
  (Being goods purchased from Bhatia at T.D & C.D dec 12 payment made at time)        
           
Dec 4 Sunny A/c Dr.   1,80,000  
  To Sales A/c       1,80,000
  (Being goods sold to sunny at T.D)        
           
Dec 18 Bunny A/c Dr.   1,60,000  
  To Sales A/c       1,60,000
  (Being goods sold to bunny at T.D)        
           
Dec 20 Cash A/c Dr.   1,29,600  
  Discount allowed A/c Dr.   14,400  
  To Sunny A/c       1,44,000
  (Being 80% payment received from sunny at C.D)        
           
Dec 20 Rahul A/c Dr.   10,000  
  To Cash A/c       9,500
  To Discount received A/c       500
  (Being cash paid to Rahul at 5% cash discount)        
           
Dec 22 Cash A/c Dr.   5,880  
  Discount allowed A/c Dr.   120  
  To Shivani A/c       6,000
  (Being cash received from Shivani in full settlement)        
           
Dec 26 Cash A/c Dr.   64,000  
  Discount allowed A/c Dr.   16,000  
  To Shivani A/c       80,000
  (Being 50% payment received from bunny at C.D 20%)        
           
Dec 26 Rahul A/c Dr.   5,000  
  To Cash A/c       4,800
  To Discount received A/c       200
  (Being paid to Ravi after availing 4% C.D i.e (Dis. 4,800x 4/ 26 = 200)        
           
Dec 28 Cash A/c Dr.   9,800  
  Discount allowed A/c Dr.   200  
  To Shriya A/c       10,000
  (Being 80% payment received from sunny at C.D)        
           
Dec 31 Cash A/c Dr.   64,000  
  Discount allowed A/c Dr.   16,000  
  To Bunny A/c       80,000
  (Being remaining 50% payment received from bunny)      

This is all about Question 11b Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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

Opening Journal Entry – its Rules and Examples – In Hindi

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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

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