Question 14 Chapter 6 – Unimax Publications of Class 11

Posted by By Amanpreet Kaur 19 Min Read May 29, 2022
Question 14 Chapter 6 - Unimax Publications of Class 11
Question 14 Chapter 6 - Unimax Publications of Class 11

Question No. 14 Chapter No 6
14. Journalise the following transactions and post them into Ledger

2020    
Jan.1 Anil started his business with cash goods and furniture 15000
Jan.5 Sold goods to Ranjan and for cash  6000
Jan.8  Received from Ranjan on account  
Jan.11  Purchased good from Prakash  
Jan.15 Paid to Prakash  
Jan.18 Goods retuned to Parkash  1800
Jan.20  Type writer purchases on credit from new type write Co. for  7500
Jan.31 Paid stationery charges ₹1,000 Salaries ₹3,700 and rent 800

The solution of Question 14 Chapter 6 – Unimax:

JOURNAL

Date Particulars L.F. Debit Credit
2020          
Jan.1 Cash A/c Dr.   75,000  
  Stock A/c Dr.   15,000  
  Furniture A/c Dr.   7,500  
  To Capital A/c       97,500
  (Being business started with cash, stock and furniture)        
           
Jan.5 Cash A/c Dr.   2,500  
  Rajan’s A/c Dr.   3,500  
  To Sales A/c       6,000
  (Being goods sold to Rajan)        
           
Jan.8 Cash A/c Dr.   3,500  
  To Rajan’s A/c       3,500
  (Being cash received from Rajan)        
           
Jan.11 Purchases A/c Dr.   16,800  
  To Parkash’s A/c       16,800
  (Being goods purchases from Parkash)        
           
Jan.15 Parkash’s A/c  Dr.   10,000  
  To Cash A/c       10,000
  (Being cash to Parkash)        
           
Jan.18 Parkash’s A/cakesh A/c Dr.   1,800  
  To Purchase return A/c       1,800
  (Being goods returned to Parkash)         
           
Jan.20  Office equipment A/c Dr.   7,500  
  To new typewriter Co. A/c       7,500
  (Being purchase typewrite on credit)        
           
Jan.31 Stationery A/c Dr.   1,000  
  Salaries A/c     3,700  
  To cash A/c     800 5,500
  (Being paid for stationery and rent)        
         

LEDGER :

CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Capital A/c 75,000 Jan.15 By Parkash’s A/c 10,000
Jan.5 To Sales A/c 2,500 Jan.31 By Stationery A/c 1,000
      Jan.31 By Rent A/c 800
      Jan.31 By Balance c/d 66,200
           
    81,700     81,700
           
Feb.1 To Balance b/d 66,200      

CAPITAL ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.3 1 To Balance c/d 97,500 Jan.1 By Cash A/c 75,000
        By stock A/c 15,000
      Jan.1 By Furniture A/c 7,500
      Feb.1 By Balance b/d 97,500

PURCHASES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.11 To Parkash A/c 16,800 Jan.31 By Balance c/d 16,800
           
           
    16,800     16,800
           
Feb.1 To Balance b/d 16,800      

BANK ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
April 1 To Cash A/c 50,000 April 15 By Machinery A/c 20,000
April 21 To Anil’s Loan A/c 8,000 April 15 By Input IGST A/C 2,400
      April 26 By Drawings A/C 5,000
      April 27 By Surya A/C 7,500
      April 30 By Balance c/d 23,100
           
    3,780     3,780
           
May 1 To Balance b/d 23,100      

SALES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To Balance c/d 6,000 Jan.5 By Cash A/c 40,000
      Jan.5 By Rajan A/c 3,500
           
    6,000     6,000
           
      May 1 By Balance b/d 6,000

SURYA

Date Particulars Amount Date Particulars Amount
2020     2020    
April 1 To Cash A/c 20,000 April 7 By Purchase A/c 30,000
April 23 To Returns ONWARDS A/c 5,000 April 7 By Input IGST A/C 3,600
April 23 To Input IGST A/C 600      
April 27 To Bank A/c 7,500      
April 27 To Discount Received A/c 500      
           
    33,600     33,600

 

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FURNITURE A/C 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Capital A/c 7,500 Jan.31 By balance c/d 7,500
           
    7,500     7,500
           
Feb.1 To balance b/d 7,500      

CAPITAL ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.3 1  To balance c/d 97,500 Jan.1 By cash A/c 75,000
        By stock A/c 15,000
        By Furniture A/c 7,500
    97,500     97,500
      Feb.1 To balance b/d 97,500
           

RAJAN ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.5 To sales A/c 3,500 Jan.8 By cash A/c 4,200
Jan.31 To balance c/d 700      
           
           
    4,200     4,200
      Feb.1 To balance b/d 4,200
           

SALES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To balance c/d 6,000 Jan.5 By cash A/c 2,500
      Jan.5 By Rajan A/c 3,500
           
           
           
    6,000     6,000
           
           

PURCHASES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.11 To Parkash A/c 16,800 April 30 By Balance c/d 60,000
           
           
    60,000     60,000
           
May 1 To Balance b/d 60,000      

PARKASH  A/C 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.15 To Cash A/c 50,000 Jan.11 By Purchases A/c 16,800
Jan.18 To Anil’s To purchases return A/c 1,800      
Jan.31 To balance c/d 5,000      
           
      Feb.1 By Balance c/d 16,800
           
    16,800     5,000
           
           

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PURCHASES  RETURN  A/C 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.15 To balance c/d 1,800 Jan.18 By Parkash’s A/c  1,800
           
           
           
      Feb.1 By Balance c/d 1800
           
    1,800     1800
       

OFFICE EQUIPMENT A/C 

Date Particulars Amount Date Particulars Amount
2020     2020    

Jan.20

To new typewriter Co. A/c

 

 7,500      
           
           
Feb.1 To balance b/d 7,500      
           
      Jan.31 By Balance b/d 7,500

NEW TYPEWRITER CO.ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To balance c/d 7,500 Jan20 By office equipment A/c 30,000
      Feb.1 To balance b/d 7,500
           
           
           
           
    7,500     7,500

STATIONERY ACCOUNT 

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Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To cash A/c 1,000 Jan.31 By balance c/d 1,000
    1,000     1,000
           
Feb.1 To balance b/d 1,000      
           
           
           
           

SALARIES ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To cash A/c 3,700 Jan.31 By balance c/d 3,700
    3,700     3,700
           
Feb.1 To balance b/d 3,700      
           
           
           
           

 

RENT  ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To cash A/c 800 Jan.31 By balance c/d 800
    800     800
           
Feb.1 To balance b/d 800      
           
           
           
       

This is all about question 14 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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

Ledger balancing or Closing of ledger account | Ledger – In Hindi

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Comment if you have any doubt in the question 14 Chapter 6 – Unimax.

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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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