Question 26 Chapter 4 – Unimax Publications of Class 11

Q26 - CH-4 Solution

Question 26 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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June 12 Money withdrawn from bank Rs. 4,000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  (Being cash withdrawn from bank)        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

This is all about the Question 26 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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