Question 24 Chapter 4 - Unimax Publications of Class 11

Question 24 Chapter 4 – Unimax

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The solution of Question 24 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

24. Journalise following transactions.
2021
May 1 M/s Brij Narain of Delhi commenced business as book sellers. With a capital of Rs. 40,000
May 4 Bought furniture for shop Rs. 800
May 5 Bought books and papers worth Rs. 22,500 in cash.
May 6 Sold books and paper for cash Rs. 15,000
May 7 Purchased books from Maneesha Rs. 12,000
May 12 Sold goods to Nisha Rs. 4,500
May 14 Sold goods to University Library for cash Rs. 9,500
May 15 Paid cash to Maneesha Rs. 12,000
May 20 Purchased books from Shallu Rs. 4,000
May 22 Sold goods for cash Rs. 6,000
May 24 Paid cash to Shallu Rs. 4,000
May 30 Paid Rent Rs. 2,400 and salaries Rs. 2,000.

The solution of Question 24 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
May 1	Cash A/c	Dr.		40,000
	To Capital A/c				40,000
	(Being commenced business as book sellers with cash)

May 4	Furniture A/c	Dr.		800
	To Cash A/c	.			800
	(Being bought furniture for shop)

May 5	Purchases A/c	Dr.		22,500
	To Cash A/c				22,500
	(Being bought books and papers for cash)

May 6	Cash A/c	Dr.		15,000
	To Sales A/c				15,000
	(Being sold books and papers for cash)

May 7	Purchases A/c	Dr.		12,000
	To Maneesha’s A/c				12,000
	(Being purchased books from Maneesha)

May 12	Nisha’s A/c	Dr.		4,500
	To Sales A/c				4,500
	(Being goods sold to Nisha)

May 14	Furniture A/c	Dr.		9,500
	To Sales A/c				9,500
	(Being goods sold to University Library for cash)

May 15	Maneesha’s A/c	Dr.		12,000
	To Cash A/c				12,000
	(Being cash paid to Maneesha)

May 20	Purchases A/c	Dr.		4,000
	To Shallu’s A/c				4,000
	(Being purchased books from Shallu)

May 22	Cash A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being sold goods for cash)

May 24	Shallu’s A/c	Dr.		4,000
	To Cash A/c				4,000
	(Being paid cash to Shallu)

May 30	Rent A/c	Dr.		2,400
	Salaries A/c	Dr.		2,000
	To Cash A/c				4,400
	(Being paid rent and salaries in cash)
	Grand Total			1,34,700	1,34,700

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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 24 Chapter 4 – Unimax Publications of Class 11

The solution of Question 24 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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