Question 16 Chapter 6 – Unimax Publications of Class 11

Posted by By Amanpreet Kaur 16 Min Read May 28, 2022
Question 16 Chapter 6 - Unimax Publications of Class 11
Question 16 Chapter 6 - Unimax Publications of Class 11

Q.16 Pass journal entried for the following transactions in books of Sri Amit Poddar for January,2020

2020    
Jan.1 Commenced business with cash 10000  
Jan.2 Deposited into bank 7,500  
Jan.5 Bought goods for cash1,250  
Jan.7 Sold goods to Bablu600  
Jan.9 Bought goods from Goutam  
Jan.12 Received cash from Bablu 490  
Jan.12 Discount allowed 10  
Jan.13 Paid cash to Goutam950  
Jan.13 Discount received50  
Jan.14 Goods old for cash780  
Jan.16 Cash drawn for private purpose 200  
Jan.19 Received cash from Bablu and deposited it into bank100  
Jan.21 Paid sundry trade expenses 175  
Jan.27 Paid cash to Goutam in full settlement of his account500  
Jan.31 Paid for carriage outwards  

Also post them into ledger.

The solution of Question 16 Chapter 6 – Unimax:

JOURNAL

Date Particulars L.F. Debit Credit
2020          
Jan.1 Cash A/c Dr.   10,000  
  To Capital A/c       10,000
  (Being business started with cash)        
           
Jan.2 Bank A/c Dr.   7500  
    To cash A/c       7500
  (Being cash deposited into bank)        
           
Jan.5 Purchases A/c Dr.   1,250  
  To cash A/c       1,250
  (Being goods purchases for cash)        
           
Jan.7 Bablu’s A/c Dr.   600  
  To sales A/c       600
  (Being goods sold to Bablu)        
           
Jan.9 Purchases A/c Dr.   1,500  
  To Gautam’s A/c       1,500
  (Being goods purchases from Gautam)        
           
Jan.12 Cash A/c Dr.   490  
  Discount A/c Dr.   10  
  To bablu  A/c       500
  (Being cash received from Bablu and allowed him discount)        
           
Jan.13 Gautam’s A/c Dr.   1,000  
  To cash A/c Dr.     950
  To Discount A/c       50
  (Being furniture purchase by cheque)        
           
Jan.14 Cash A/c Dr.   580  
  To sales A/c       580
  goods Being sold for cash)        
           
Jan.16 Drawing A/c Dr.   200  
  To cash A/c       200
  Being cash drawn for persnol use)        
        100  
Jan.19 Cash A/c Dr.      
        To Babli’s A/c         100
  (Being cash received from Bablu)        
           
Jan.21 Sundry trade expenses A/c Dr.   175  
         To cash A/c       175
  (Being paid sundry trade expenses)        
           
Jan.27 Gautam’s A/c Dr.   500  
         To cash A/c       500
  (Being cash paid to Gautam)        
           
Jan.31 Carriage A/c  Dr.   40  
        To cash A/c       40
  (Being cash paid for carriage)        
         

LEDGER :

CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 1 To Capital A/c 10,000 Jan.2 By Bank A/c 580
Jan.12 To Babul’s A/c 490 Jan.5 By purchases A/c 1,250
Jan.14 To sales A/c 780 Jan.13 By Gautam’s A/c 950
Jan.19 To Bablu’s A/c 100 Jan.16 By Drawing A/c 200
      Jan.21 By sundry exp. A/c 175
      Jan.27 By Gautam’s A/c 500
      Jan.31 By carriage A/c 40
      Jan.31 By balance c/d 755
           
    11,370     11,370
Feb. 1 To balance b/d 755      
           

CAPITAL  ACCOUNT

Date Particulars Amount Date Particulars Amount
2019     2019    
Jan .31 To Balance c/d 10,000 Jan.1 By Cash A/c 10,000
           
    10,000     10,000
      Feb.1  By Balance c/d 10,000
           

BANK  ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.2 To cash A/c 7,500 Jan.31 By balance c/d 7,600
Jan.19 To cash A/c 100      
           
    7,600     7,600
Feb.1 To balance b/d 7,600      
           

PURCHASES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.5 To cash A/c 1,250 Jan.31 By Balance c/d 2,750
Jan.9 To Gautam’s A/c 1,500      
    2,750     2,750
           
Feb.1 To Balance b/d 2,750      

Bablu ACCOUNT

Date Particulars Amount Date Particulars Amount
2019     2019    
Jan.5 To sale A/c 600 Jan.12 By cash A/c 490
      Jan.12 By discount allowed A/c 10
      Jan.19 By cash A/c 100
    600     600

SALES ACCOUNT 

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Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To balance c/d 1,380 Jan.7 By Bablu’s A/c 600
      Jan.14 By Cash A/c 780
           
    1,380     1,380
      Feb.1 By balance b/d 1,380

GAUTAM ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.13 To Cash A/c 950 Jan.9 By Purchases A/c 1,500
Jan.13 To Discount receives A/c 150      
Jan. 27 To Cash A/c 500      
    1,500     1,500

DISCOUNT ALLOWED  ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan. 12 To Bablu’s A/c 10 Jan.31 By balance b/d 10
    10     10 
Feb. 1  To balance b/d 10     10 

Discount Received A/c

Date Particulars Amount Date Particulars Amount
2020     2020     
      Jan.13 By Gautam’s A/c 50
Jan. 31 To balance c/d 50      
    50     50
           
      Feb.1 By balance c/d 50

DRAWING ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.16 To Cash A/c 200 Jan.31 By balance c/d 200
           
    200     200
           
           
Feb.1 To balance b/d 200      

 SUNDRY TRADE ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.21 To Cash A/c 175 Jan.31 By balance c/d 175
           
    175     175
Feb. 1 To balance b/d 175      

 CARRIAGE  ACCOUNT 

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan.31 To Cash A/c 40 Jan.31 By balance c/d 40
           
    40     40
Feb. 1 To balance b/d 40      

This is all about question 16 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 16 Chapter 6 – Unimax.

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

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

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