Question 2 Chapter 5 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 9 Min Read May 17, 2022
Q2 - CH-5 Solution
Q2 - CH-5 Solution

Question 2 Chapter 5 – Unimax

2. Pass entries in the books of Anmol assuming all transactions have been entered
State of Punjab.
2020
Jan.1 Purchased goods for Rs. 4,00,000 and payment made by cheque.
Jan. 4 Sold goods for Rs. 2,00,000 to Ravi Singh.
Jan. 6 Goods withdrawn by proprietor for personal use Rs. 20,000.
Jan. 8 Purchased goods for Rs. 50,000 on credit from Sunil.
Jan. 10 Paid for printing & stationery Rs. 10,000
Jan. 18 Goods distributed as free samples Rs. 10,000
Jan. 20 Received interest Rs. 5,000
Jan. 24 Paid for advertisement Rs. 30,000 for cheque
Jan. 30 Sold goods for Rs. 2,00,000 on cash.
Assume CGST@ 6% and SGST @ 6%.

The solution of Question 2 Chapter 5 – Unimax:

JOURNAL OF ANMOL

Date Particulars   L.F. Debit Credit
2020          
Jan. 1 Purchases A/c Dr.   4,00,000  
  Input CGST A/c Dr.   24,000  
  Input SGST A/c Dr.   24,000  
  To Bank A/c       4,48,000
  (Being goods purchased by cheque)        
           
Jan. 4 Ravi Singh A/c Dr.   2,24,000  
  To Sales A/c       2,00,000
  To Output CGST A/c       12,000
  To Output SGST A/c       12,000
  (Being goods sold to Ravi)        
           
Jan. 6 Drawings A/c Dr.   22,400  
  To Purchase Return A/c       20,000
  To Input CGST A/c       1,200
  To Input SGST A/c       1,200
  (Being goods withdrawn by proprietor for personal use)        
           
Jan. 8 Purchases A/c Dr.   50,000  
  Input CGST A/c Dr.   3,000  
  Input SGST A/c Dr.   3,000  
  To Sunil A/c       56,000
  (Being goods purchased from Sunil)        
           
Jan. 10 Printing & Stationery A/c Dr.   10,000  
  Output CGST A/c Dr.   600  
  Output SGST A/c Dr.   600  
  To Cash A/c       11,200
  (Being printing & stationery paid)        
           
Jan. 18 Advertisement A/c Dr.   10,000  
  Input CGST A/c     600  
  Input SGST A/c     600  
  To Purchases A/c       11,200
  (Being goods distributed as free samples)        
           
Jan. 20 Cash A/c Dr.   5,600  
  To Interest received A/c       5,000
  To Output CGST /c       300
  To Output SGST /c       300
  (Being interest received)      
           
Jan. 24 Advertisement A/c Dr.   30,000  
  Input CGST A/c     1,800  
  Input SGST A/c     1,800  
  To Bank A/c       33,600
  (Being advertisement paid by cheque)        
           
Jan. 30 Cash A/c Dr.   2,24,000  
  To Sales A/c       2,00,000 
  To Output SGST A/c       12,000 
  To Output CGST A/c       12,000
  (Being goods sold for Cash)      

This is all about the Question 2 Chapter 5 – Unimax. You can check out the following article to better understand:

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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