Question 28 Chapter 4 - Unimax Publications of Class 11

Question 28 Chapter 4 – Unimax

Table of Contents

The solution of Question 28 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

28. On 1 August, 2021 Taran’s assets and liabilities stood as follows:
Assets: Cash at Bank Rs. 24,000; Cash in hand Rs. 11,000; Stock Rs. 7,000; Bills receivable Rs. 6,000 Building Rs. 25,000; Furniture Rs. 4,000; Amount due from Varun Rs. 2,500.
Liabilities: Bills payable Rs. 2,500; Creditors Rs. 8,000; Munish’s Loan Rs. 17,000.
Pass on opening journal entry.

The solution of Question 28 Chapter 4 – Unimax:

BOOKS OF TARAN (JOURNAL)

Date	Particulars		L.F.	Debit	Credit
2021
Aug. 1	Bank A/c	Dr.		24,000
	Cash A/c	Dr.		11,000
	Stock A/c	Dr.		7,000
	Bills receivable A/c	Dr.		6,000
	Building A/c	Dr.		25,000
	Furniture A/c	Dr.		4,000
	Varun’s A/c	Dr.		2,500
	To Bills Payable A/c				2,500
	To Creditors A/c				8,000
	To Loan A/c				17,000
	To Capital A/c				52,000
	(Being opening balances brought forward)
	Grand Total			79,500	79,500

This is all about the Question 28 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples

Advertisement-X

You Can also read all above articles in Hindi on our Hindi Website

Opening Journal Entry – its Rules and Examples – In Hindi

Thanks, Please Like and share with your friends

Comment if you have any doubt in the Question 28 Chapter 4 – Unimax.

You can also Check out the solved question of other Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Advertisement-X

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

You can also Check out the other Books’ Solution: –

Question 28 Chapter 4 – Unimax Publications of Class 11

The solution of Question 28 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Related