Question 17 Chapter 4 - Unimax Publications of Class 11

Question 17 Chapter 4 – Unimax

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The solution of Question 17 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

17. Enter the following transactions in books of Twinkle.
2021
May 1 Received 10,000 from Divya which were written off as bad debts.
May 7 Anil was declared bankrupt. He owed Rs. 4,000 to us. Nothing could be recovery from his estate.
May 10 Suresh was declared bankrupt. He owed Rs. 6.000 to us. 50% could recovered from his estate be recovered
May 11 Received cash Rs. 2,000 for bad-debts written off Last ear.
May 17 Sohan who owed us Rs. 50,000 was declared insolvent and a cheque of 60 paise in a Rs. is received from him in full settlement.

The solution of Question 17 Chapter 4 – Unimax:

JOURNAL OF TWINKLE

Date	Particulars		L.F.	Debit	Credit
2021
May 1	Cash A/c	Dr.		10,000
	To Bad-debts recovered A/c				10,000
	(Being bad debts recovered)

May 7	Bad debts A/c	Dr.		4,000
	To Anil A/c				4,000
	(Being Anil become bad debts)

May 7	Cash A/c	Dr.		3,000
	Bad debts A/c	Dr.		3,000
	To Sales A/c				6,000
	(Being goods sold on credit at loss)

May 11	Cash A/c	Dr.		2,000
	To Bad-debts recovered A/c				2,000
	(Being cash received from bad debts)

May 17	Bank A/c	Dr.		30,000
	Bad debts A/c	Dr.		20,000
	To Sohan A/c				50,000
	(Being Sohan become bankrupt, 60 paise in R could be recovered)

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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 17 Chapter 4 – Unimax Publications of Class 11

The solution of Question 17 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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