# Question 16 Chapter 4 – Unimax Publications of Class 11

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

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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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