Question 16 Chapter 4 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 10 Min Read May 16, 2022
Q16 - CH-4 Solution
Q16 - CH-4 Solution

Question 16 Chapter 4 – Unimax

16. Journalise the following transactions in the books of Rajesh:
2021
May 1 Goods costing Rs. 10,000 sold for Rs. 18,000
May 3 Furniture worth Rs. 19,000 sold for Rs. 28,000
May 5 Goods costing Rs. 19,000 sold to Savita for Rs. 18,000
May 7 Office equipment worth Rs. 39,000 sold for Rs. 30,000
May 9 Goods costing Rs. 8,000 sold for Rs. 12,000
May 11 Office equipment worth Rs. 9,000 sold for RS. 10,500
May 12 Goods costing Rs. 15,000 sold for Rs. 12,500 to Nikita
May 14 Furniture worth Rs. 19,000 sold for Rs. 15,000
May 17 Machinery worth Rs. 25,000 sold for Rs. 32,000
May 19 Expenses on sale of machinery Rs. 2,000
May 21 Goods costing Rs. 38,000 sold Rs. 40,000. Brokerage on sale 2,800
May 27 Office Almirah worth Rs. 38,000. Sold for Rs. 35,000. Selling Expenses Rs. 1000

The solution of Question 16 Chapter 4 – Unimax:

JOURNAL

Date Particulars L.F. Debit Credit
2021          
May 1 Cash A/c Dr.   18,000  
  To Sales A/c       18,000
   (Being goods sold for Cash at a profit)        
           
May 3 Cash A/c Dr.   28,000  
  To Furniture A/c       19,000
  To Profit on sale of Furniture A/c       9,000
  (Being Furniture sold for cash at a profit)        
           
May 5 Savita A/c Dr.   18,000  
  To Sales A/c       18,000
  (Being goods sold on credit at loss)        
           
May 7 Cash A/c Dr.   30,000  
  Loss on Sale of office equipment A/c Dr.   9,000  
  To Office Equipment A/c       39,000
  (Being assets sold for cash at a loss)        
           
May 9 Cash A/c Dr.   12,000  
  To Sales A/c       12,000
   (Being goods sold for Cash)        
           
May 11  Cash A/c Dr.   10,500  
  To Office Equipment A/c       9,000
  To Profit on Sale of Equipment A/c       1,500
  (Being office equipment sold at profit)        
           
May 12 Nikita A/c Dr.   12,500  
  To Sales A/c       12,500
  (Being goods sold on credit)        
           
May 14 Cash A/c Dr.   15,000  
  Loss on Sale of Furniture A/c Dr.   4,000  
  To Furniture A/c       19,000
  (Being furniture sold at a loss)        
           
May 17 Cash A/c Dr.   30,000  
  To Machine A/c       25,000
  To Profit on sale of machine A/c       5,000
  (Being machinery sold at a profit and selling expenses Deducted from profit)        
           
May 19 Cash A/c Dr.   40,000  
  To Sales A/c       40,000
  (Being goods sold for cash)        
           
May 21 Brokerage A/c Dr.   2,800  
  To Cash A/c       2,800
  (Being brokerage paid in cash)        
           
May 27 Cash A/c Dr.   34,000  
  Loss on Sale of Fixtures A/c Dr.   4,000  
  To Fixtures A/c       38,000
  (Being office almirah sold at a loss and selling expenses Included in loss)      

This is all about the Question 16 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

Thanks, Please Like and share with your friends  

Comment if you have any doubt in the Question 16 Chapter 4 – Unimax.

You can also Check out the solved question of other Chapters: –

Advertisement-X

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

You can also Check out the other Books’ Solution: –

 

Advertisement

error: Content is protected !!