Question 26 Chapter 4 - Unimax Publications of Class 11

Question 26 Chapter 4 – Unimax

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The solution of Question 26 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

26. Journalise the following transactions:
2021
June 1 Kanu started business with capital of Rs. 80,000
June 3 Bought furniture for cash Rs. 12,000
June 5 Bought goods from Varun Rs. 27,000
June 5 Deposited into bank Rs. 18,000
June 6 Sold goods to Tarun Rs. 15,000
June 7 Returned goods by Tarun Rs. 5,000
June 9 Returned goods to Varun Rs. 4,000
June 10 Cash received from Tarun Rs. 10,000
June 12 Money withdrawn from bank Rs. 4,000
June 15 Cash paid to Varun Rs. 8,000
June 16 Sold goods for cash Rs. 20,000
June 18 Cash paid to Varun Rs. 15,000
June 28 Paid rent Rs. 2,500 and salaries Rs. 4,500
June 30 Cash deposited into bank Rs. 12,000

The solution of Question 26 Chapter 4 – Unimax:

BOOKS OF KANU JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
June 1	Cash A/c	Dr.		80,000
	To Kanu’s Capital A/c				80,000
	(Being started business with cash)

June 3	Furniture A/c	Dr.		12,000
	To Cash A/c				12,000
	(Being bought furniture for cash)

June 5	Purchases A/c	Dr.		27,000
	To Varun’s A/c				27,000
	(Being bought goods from Varun)

June 5	Bank A/c	Dr.		18,000
	To Cash A/c				18,000
	(Being cash deposited in bank)

June 6	Tarun’s A/c	Dr.		15,000
	To Sales A/c				15,000
	(Being sold goods to Tarun)

June 7	Sales Returns A/c	Dr.		5,000
	To Tarun’s A/c				5,000
	(Being goods returned by Tarun)

June 9	Varun’s A/c	Dr.		4,000
	To Purchases Returns A/c				4,000
	(Being goods returned to Varun)

June 10	Cash A/c	Dr.		10,000
	To Tarun’s A/c				10,000
	(Being cash received from Tarun)

June 12	Cash A/c	Dr.		4,000
	To Bank A/c				4,000
	(Being cash withdrawn from bank)

June 15	Varun’s A/c	Dr.		8,000
	To Cash A/c				8,000
	(Being cash paid to Varun)

June 16	Cash A/c	Dr.		20,000
	To Sales A/c				20,000
	(Being sold goods for cash)

June 18	Varun’s A/c	Dr.		15,000
	To Cash A/c				15,000
	(Being cash paid to Varun)

June 28	Rent A/c	Dr.		2,500
	Salaries A/c	Dr.		4,500
	To Cash A/c				7,000
	(Being paid rent and salaries)

June 30	Bank A/c	Dr.		12,000
	To Cash A/c				12,000
	(Being cash deposited in bank)
	Grand Total			2,37,000	2,37,000

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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 26 Chapter 4 – Unimax Publications of Class 11

The solution of Question 26 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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