Question 17 Chapter 4 – Unimax Publications of Class 11

Q17 - CH-4 Solution

Question 17 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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)
     

This is all about the Question 17 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 17 Chapter 4 – 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: –

 

Leave a Reply

Your email address will not be published.