Question 15 Chapter 4 – Unimax Publications of Class 11

Q15 - CH-4 Solution

Question 15 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

15. Enter the following transactions in the Book of Yogesh.
2021
May 1 Goods worth Rs. 10,000 sold at a profit of 20%.
May 3 Goods worth Rs. 20,000 sold at a profit of Rs. 2,000.
May 7 Goods worth Rs. 20,000 sold at loss of 10%.
May 10 Furniture costing Rs. 15,000 sold at profit Rs. 5,000.
May 15 Machine Costing Rs. 20,000 sold at Rs. 27,000.
May 17 Machine costing Rs. 25,000 sold at a loss of 20%.

The solution of Question 15 Chapter 4 – Unimax:

JOURNAL OF YOGESH

Date Particulars L.F. Debit Credit
2021          
May 1 Cash A/c Dr.   12,000  
  To Sales A/c       12,000
  (Being goods sold at a profit of 20%)        
           
May 3 Cash A/c Dr.   22,000  
  To Sales A/c       22,000
  (Being goods 20,000 sold at a profit of 2,000)        
           
May 7 Cash A/c Dr.   18,000  
  To Sales A/c       18,000
  (Being goods 20,000 sold at a loss of 10%)        
           
May 10 Cash A/c Dr.   20,000  
  To Profit on sale of Furniture A/c       5,000
  To Furniture A/c       15,000
  (Being furniture sold at profit)        
           
May 15 Cash A/c Dr.   27,000  
  To Machine A/c       20,000
  To Profit on sale of Machine A/c       7,000
  (Being Machinery sold on Profit)        
           
May 17  Cash A/c Dr.   20,000  
  Loss on sale of Machinery A/c Dr.   5,000  
  To Machine A/c       25,000
  (Being Machinery sold at loss of 20%)      

This is all about the Question 15 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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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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