Question 18 Chapter 6 – Unimax Publications of Class 11

Posted by By Amanpreet Kaur 18 Min Read May 29, 2022
Question 18 Chapter 6 - Unimax Publications of Class 11
Question 18 Chapter 6 - Unimax Publications of Class 11

Question No. 18 Chapter No 6

18. Varun commenced business with cash ₹10,000 and goods ₹7,000 on 1st August,2019. His transactions for the month of August were as under

2019  
Aug.1 Paid salaries for cheque 2,500
Aug.2 Bought goods from Mohan Das for cash 3,000
Aug.5 Sold to Jawahar Lal on credit
Aug.8 Sold to Ballabh Bhai & Co. 4,000
AUG.12 Received cash from Jawahar Lal & Co. 5,350
AUG.12 Allowed discount 50
Aug.14 Bought from Azad Bros 6,450.
Aug.18 Purchases furniture 400
Aug.20 Safe purchases from Bhatia safe works 350
Aug.24 Paid Azad Bros. 6350
Aug.24 Discount received 75
Aug.25 Cash sales 5,000
Aug.26 Goods returned by Ballabh Bhat & Co. 270
Aug.27 Paid to Bhatia safe works 300
Aug.29 Goods purchases from Goving & Sons 225
Aug.30 Goods returned to Goving & Sons
Aug.31 Paid general expenses 41
Aug.31 Paid salaries 210
Aug.31 Paid shop rent 40

Journalise the above transactions and post them into the ledger.

The solution of Question 18 Chapter 6 – Unimax:

JOURNAL

Date Particulars L.F. Debit Credit
2020          
Aug.1 Cash A/c Dr.   10,000  
  Stock A/c Dr.   7,000  
  To Capital A/c       17,000
  (Being commenced business)        
           
Aug.2
Purchases A/c		 Dr.   3,000  
  To Mohan DasA/c       3,000
  (Being purchases goods from Mohan Das)        
           
Aug.5 Jawahar Lal A/c Dr.   5,400  
  To Sales A/c       5,400
  (Being sold goods to Jawahar Lal on credit)        
           
Aug.8 Ballabh Bhai & Co. A/c Dr.   4,000  
  To sales A/c       4,000
  (Being sold to Ballah Bhai & Co.)        
           
Aug.12 Cash A/c Dr.   5350  
  Discount A/c     50  
  To Jawahar Lal A/c       5,400
  (Being received cash from discount allowed)        
           
Aug.14 Purchases A/c Dr.   6,450  
  To Azad Bros. A/c       6,450
  (Being goods purchases from Azad &Bros.)        
           
Aug.18 Furniture A/c Dr.   400  
  To cash A/c Dr.     400
  (Being furniture purchases)        
           
AUG 20 Safe A/c Dr.   350  
  To Bhatia safe works A/c       350
  (being safe purchases)        
           
Aug.24 Azad Bros. A/c Dr.   6450  
  To cash A/c       6,375
  To discount A/c       75
  (Being paid to Azad Bros. and discount received)        
        5,000  
Aug.25 Cash A/c Dr.      
  To Sales A/c       5,000
  (Being cash sales)        
           
Aug.26 Returns inward A/c Dr.   270  
  To Ballabh Bhai & Co. A/c       270
  (Being goods returned by Ballabh & Co.)        
           
Aug.27 Bhatia safe works A/c Dr.   500  
         To cash A/c       500
  (Being paid to Bhatia safe works)        
           
Aug.29 Purchase A/c Dr.   225  
  To Goving & sons A/c       225
  (Being goods purchase from Goving & sons)        
           
Aug.30 Goving & Sons A/c Dr.   225  
  To Return outward A/c       225
  (Being goods return to Goving & Sons)        
        41  
Aug.31 General expenses A/c Dr.     41
  To Cash A/c        
  (Being paid for general expenses)        
           
Aug.31 Salaries A/c Dr.   210  
  To cash A/c       210
  (Being salaries paid)        
           
Aug.31 Rent A/c Dr.   40  
  To Cash A/c       40
  (Being shop rent paid)        
         

LEDGER :

CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2019     2019    
Aug. 1 To Capital A/c 10,000 Aug.18 By Furniture A/c 400
Aug.12 To Jawahar Lal A/c 5,350 Aug.24 By Azad Bros. A/c 6,375
Aug.25 To sales A/c 5,000 Aug.27 By Bhatia safe works A/c 300
      Aug.31 By General expenses A/c 41
      Aug.31 By Salaries A/c 210
      Aug.31 By Rent A/c 40
           

STOCK   ACCOUNT

Date Particulars Amount Date Particulars Amount
2019          
Aug.1 To Capital A/c 7,000      

CAPITAL ACCOUNT

Date Particulars Amount Date Particulars Amount
      2019    
      Aug.1 By Cash A/c 10,000
      Aug.1 By Stock 7,000
           

PURCHASES ACCOUNT

Date Particulars Amount Date Particulars Amount
2019          
Aug.2 To Mohan DasA/c 3,000      
Aug.14 To Azad Bros. A/c 6,450      
Aug.29 To Goving & Sons A/c 225      

JAWAHAR LAL ACCOUNT 

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Date Particulars Amount Date Particulars Amount
2019     2019    
Aug.5 To sale A/c 5,400 Aug.12 By cash A/c 5,350
      Aug.12 By discount allowed A/c 50
           

MOHAN  DAS ACCOUNT 

Date Particulars Amount Date Particulars Amount
      2019    
      Aug. 2 By Purchases A/c 3,000
           

SALES ACCOUNT 

Date Particulars Amount Date Particulars Amount
      2019    
      Aug.5 By Jawahar Lal A/c 5,400
      Aug.8 By Ballabh Bhai & Co. A/c 4,000
      Aug.25 By Cash A/c 5,000
           

                                                                              DISCOUNT ACCOUNT 

Date Particulars Amount Date Particulars Amount
2019      2019    
      Aug.24 By Azad Bros. A/c 75
Aug.12 TO JAWARLAL 50      
           

BALLABH BHAI  ACCOUNT 

Date Particulars Amount Date Particulars Amount
2019     2019    
Aug.8 To Sales A/c 4,000 Aug.26 By Return inward A/c 200
           
           

 AZAD BROS  ACCOUNT 

Date Particulars Amount Date Particulars Amount
2019     2019    
Aug.24 To Cash A/c 6375 Jan.31 By Purchases A/c 6450
feb.1 To Discount A/c 75      
           
    6450     6450

 FURNITURE ACCOUNT 

Date Particulars Amount Date Particulars Amount
2019          
Aug. 18 To Cash A/c 400      
           

SAFE ACCOUNT 

Date Particulars Amount Date Particulars Amount
2019          
Aug. 20 To Bhatia safe works A/c 350      
           

Bhatia safe works A/c

Date Particulars Amount Date Particulars Amount
2019     2019    
Aug. 20 To Cash A/c 350 Aug. 20 By Safe A/c 350
           

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Return Inwards A/c

Date Particulars Amount Date Particulars Amount
2019          
Aug. 20 To Bailabh Bhai & Co. A/c 270      
           

Govind & Sons A/c

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Date Particulars Amount Date Particulars Amount
2019          
Aug. 29 To Purchases A/c 225 Aug. 29 By Purchases A/c 225
Aug. 30 To Return Outwards 225      

General Expenses A/c

Date Particulars Amount Date Particulars Amount
2019          
Aug. 31 To Cash A/c 41      
           

Salaries A/c

Date Particulars Amount Date Particulars Amount
2019          
Aug. 31 To Cash A/c 210      
           

Rent A/c

Date Particulars Amount Date Particulars Amount
2019          
Aug. 31 To Cash A/c 40      
           

This is all about question 18 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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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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