Question 14a Chapter 4 - Unimax Publications of Class 11

Question 14a Chapter 4 – Unimax

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The solution of Question 14a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

14a. Journalise the following transaction in the Books of Susheel.
2021
Mar. 1 Goods purchased for Rs. 30,000, carriage on it Rs. 2,000.
Mar.7 Purchased goods for Rs. 40,000, Freight on Purchase Rs. 2,000.
Mar. 10 Purchased goods for Rs. 35,000 from Sahil & paid carriage on it Rs. 2,500.
Mar. 17 Purchased machinery for Rs. 17,000 from A.B.C. Ltd. and paid freight on it
Mar. 27 Machinery purchased Rs. 37,000, Installation charges paid Rs. 3,000

The solution of Question 14a Chapter 4 – Unimax:

JOURNAL OF SUSHEEL

Date	Particulars		L.F.	Debit	Credit
2021
Mar. 1	Purchases A/c	Dr.		30,000
	Carriage on Purchases A/c	Dr.		2,000
	To Cash A/c				32,000
	(Being goods purchased and carriage paid)

Mar. 7	Purchases A/c	Dr.		40,000
	Freight on purchases A/c	Dr.		2,000
	To Cash A/c				42,000
	(Being goods purchased and freight paid)

Mar. 10	Purchases A/c	Dr.		35,000
	To Sahil A/c				35,000
	(Being goods purchased from Sahil)

	Carriage on Purchases A/c	Dr.		2,500
	To Cash A/c				2,500
	(Being carriage on purchases paid)

Mar. 17	Machinery A/c	Dr.		20,000
	To ABC A/c				17,000
	To Freight A/c				3,000
	(Being Machinery purchased from ABC)

Mar. 27	Machinery A/c	Dr.		40,000
	To Cash A/c				40,000
	(Being machinery purchased and installation charges paid)

This is all about Question 14a Chapter 4 – 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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Question 14a Chapter 4 – Unimax Publications of Class 11

The solution of Question 14a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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