Question 17 Chapter 6 – Unimax Publications of Class 11

Posted by By Amanpreet Kaur 14 Min Read May 29, 2022
Question 17 Chapter 6 - Unimax Publications of Class 11
Question 17 Chapter 6 - Unimax Publications of Class 11

17. Enter the following in the journal and post them into the ledger.

2020   ₹
Jan.1 Sandeep commenced business with cash 20,000
Jan.4 Purchases goods from Sohan 19,000
Jan.6 Sold goods for cash  8,000
Jan.9 Paid to Sohan on account 11,000
Jan.11 Returned goods to Sohan 1,000
Jan.12 Sold goods to Chaman Lal 4,700
Jan.14 Bought goods from B.D. Gupta 5,600
Jan.18 Chaman Lal returned goods 400
Jan.22 Sold goods to Ravinder subject to a trade discount of10% 3,000
Jan.24 Paid B.D. Gupta 2,500
Jan.29 Purchased stationery 300
Jan.31 Paid rent 450
Jan.31 Paid salaries 2,700

The solution of Question 17 Chapter 6 – Unimax:

Journal

Date   Particulars L.F. Debit Credit
2020          
Jan.1 Cash A/c Dr.   20,000  
  To capital A/c       20,000
  (Being Sandeep commenced business with cash)        
Jan.4   Dr.    19,000  
  Purchases A/c          
  To Sohan A/c       19,000
  (Being purchases goods from Sohan)        
           
Jan.6 Cash A/c Dr.   8,000  
  To Sales A/c       8,000
  (Being sold goods for cash)        
           
Jan.9 Sohan A/c Dr.   11,000  
  To cash A/c       11,000
  (Being paid to Sohan on account)        
           
Jan.11 Sohan A/c  Dr.   1,000  
  To Return outward A/c       1,000
  (Being return goods to Sohan)        
           
Jan.12 Chaman Lal A/c Dr.   4,700  
  To Sales A/c       4,700
  (Being sold goods to Chaman Lal)         
           
Jan.14 Purchases A/c     5,600  
  To B.D. Gupta A/c       5,600
  (Being goods purchases from B.D. Gupta)        
           
Jan.18 Return inward A/c     400  
  To Chaman Lal A/c       400
  (Being Chaman Lal return goods)        
           
Jan.22 Ravinder A/c     2,700  
  To Sales A/c       2,700
  (Being goods sold to Ravinder)        
           
Jan.24 B.D. Gupta A/c     2,500  
  To Cash A/c       2,500
  (Being cash paid to B.D. Gupta)        
           
Jan.29 Stationer A/c     300  
  To cash A/c       300
  (Being purchases stationery)        
           
Jan.31 Rent A/c     450  
  To cash A/c       450
  (Being paid rent)        
           
Jan.31 Salaries A/c     2,700  
  To cash A/c       2,700
  (Being paid salaries)        

Cash A/c

Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan. 1 To Capital A/c   20,000 Jan.9 By Sohan A/c    11,000
Jan.6 To sales A/c   8,000 Jan.24 By B.D.  Gupta A/c   2,500
        Jan.29 By Stationery A/c   300
        Jan.31 By Rent A/c   450
        Jan.31 By Salaries A/c   2,700
               
        Jan.31  By balance c/d   11,050
               
      28,000       28,000
feb.1 To balance b/d   11,050        

Capital A/c

Date Particulars J.F. Amount Date Particulars J.F. Amount
        2020      
        Jan.1 By cash A/c   20,000
               

 

Purchases A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020              
Jan.4 To Sohan A/c   19,000        
Jan.14 To B.D. Gupta A/c   5,600        

 

Sales A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
        2020      
        Jan.6 By Cash A/c   8,000
        Jan.12 By Chaman Lal A/c   4,700
        Jan.22 By Ravinder A/c   2,700

 

Sohan’s A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.9  To Cash A/c   11,000 Jan.4 By Purchases A/c   19,000
Jan.11 To Return outward A/c   1,000        
               

 

Return outwards A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
        2020      
        Jan.11 By Sohan A/c   1,000

 

Return Inward A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020              
Jan.18 To Chaman Lal A/c   400        

 

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Chaman Lal A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.12  To sales A/c   4,700 Jan.18 By Return inwards A/c   400

 

B.D. Gupta A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.24 To Cash A/c   2,500 Jan. 14 By Purchases A/c   5,600

 

Ravinder’s A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.22 To Sales A/c   2,700        

 

Stationery A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.31 To Cash A/c   300        

 

Rent A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan.31 To Cash A/c   450        
Salaries A/c
Date Particulars J.F. Amount Date Particulars J.F. Amount
2020       2020      
Jan. 31 To Cash A/c   2,700        

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This is all about question 17 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger – In Hindi

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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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