Question 12 Chapter 4 - Unimax Publications of Class 11

Question 12 Chapter 4 – Unimax

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The solution of Question 12 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

12. Enter the following transactions in the Books of Prince.
2021
Mar. 1 Salary received on behalf of Riya Rs. 25,000
Mar. 3 Commission paid to Raja on behalf of Mani Rs. 10,000.
Mar.8 Cash received from Anant on behalf of Suman Rs. 20,000.
Mar. 10 Cash paid to Taniya on behalf of Utkarsh Rs. 14,000.
Mar. 15 Issued cheque to Guggu on behalf of Bhavi Rs. 15,000.

The solution of Question 12 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
Mar. 1	Cash A/c	Dr.		25,000
	To Riya A/c				25,000
	(Being salary received on behalf of Riya)

Mar. 3	Mani A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being commission paid to Raja on behalf of Mani)

Mar. 8	Cash A/c	Dr.		20,000
	To Suman A/c				20,000
	(Being cash received from amount on behalf of Suman)

Mar. 10	Utkarsh A/c	Dr.		14,000
	To Cash A/c				14,000
	(Being cash paid to Taniya on behalf of Utkarsh)

Mar. 15	Bhavi A/c	Dr.		15,000
	To Bank A/c				15,000
	(Being cheque issued to Guggu on behalf of Bhavi)

This is all about the Question 12 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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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 12 Chapter 4 – Unimax Publications of Class 11

The solution of Question 12 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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