Question 27 Chapter 4 – Unimax Publications of Class 11

Q27 - CH-4 Solution

Question 27 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

27. Enter the following transactions in the books of Shrey.
2021

July 1 Shrey commenced business with cash 2,500
July 2 Money deposited into bank 1,000
July 5 Bought furniture 22,000
July 7 Bought goods from Vikas 80,000
July 9 Sold goods to Bablu 25,000
July 12 Sold goods to Rajeev 40,000
July 15 Goods returned by Bablu 6,000
July 18 Cash received from Bablu 19,000
July 24 Cash received from Rajeev 40,000
July 28 Goods returned to Vikas 4,500
July 31 Cash paid to Vikas 75,500
July 31 Paid Rent 4,500

The solution of Question 27 Chapter 4 – Unimax:

JOURNAL OF SHREY

Date Particulars   L.F. Debit Credit
2021          
July 1 Cash A/c Dr.   2,50,000  
  To Shrey’s Capital A/c       2,50,000
  (Being commenced business with cash)        
           
July 2 Bank A/c Dr.   1,00,000  
  To Cash A/c .     1,00,000
  (Being money deposited into bank)        
           
July 5 Furniture A/c Dr.   22,000  
  To Cash A/c       22,000
  (Being furniture purchased)        
           
July 7 Purchases A/c Dr.   80,000  
  To Vikas’s A/c       80,000
  (Being bought goods from Vikas)        
           
July 9  Bablu’s A/c Dr.   25,000  
  To Sales A/c       25,000
  (Being sold goods to Bablu)        
           
July 12  Rajeev’s A/c Dr.   40,000  
  To Sales A/c       40,000
  (Being goods sold to Rajeev)        
           
July 15 Sales Returns A/c Dr.   6,000  
  To Bablu’s A/c       6,000
  (Being goods returned by Bablu )        
           
July 18 Maneesha’s A/c Dr.   19,000  
  To Bablu’s A/c       19,000
  (Being cash received from Bablu)        
           
July 24 Purchases A/c Dr.   40,000  
  To Rajeev’s A/c       40,000
  (Being cash received from Rajeev)        
           
July 28 Vikas’s A/c Dr.   4,500  
  To Purchases Returns A/c       4,500
  (Being goods returned to Vikas)        
           
July 31 Vikas’s A/c Dr.   75,500  
  Rent A/c     4,500  
  To Cash A/c       80,000
  (Being paid rent and paid to Vikas)        
  Grand Total   6,66,500 6,66,500

This is all about the Question 27 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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