Question 24 Chapter 4 – Unimax Publications of Class 11

Q24 - CH-4 Solution

Question 24 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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

This is all about the Question 24 Chapter 4 – 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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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

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