Question 3 Chapter 4 - Unimax Publications of Class 11

Question 3 Chapter 4 – Unimax

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The solution of Question 3 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

3. From the following transactions of Riya & Co. find out the accounts to be debited or credited.
(i) Business commenced with cash Rs. 1,00,000.
(ii) Bought goods Rs. 10,000.
(iii) Cash Sales Rs. 10,000.
(iv) Interest paid Rs. 5,000
(v) Cash deposited into Bank Rs. 10,000.
(vi) Cash withdrawn from Bank Rs. 5,000.
(vii) Paid Donation Rs. 500.
(viii) Purchased Furniture worth Rs. 2,000.
(ix) Cash Sale to Monika Rs. 5,000.
(x) Cash withdrawn from bank for domestic use Rs. 15,000,

The solution of Question 3 Chapter 4 – Unimax:

Date	Particulars		L.F.	Debit	Credit
(i)	Cash A/c	Dr.		1,00,000
	To Capital A/c				1,00,000

(ii)	Purchase A/c	Dr.		10,000
	To Cash A/c				10,000

(iii)	Cash A/c	Dr.		10,000
	To Sales A/c				10,000

(iv)	Interest A/c	Dr.		5,000
	To Cash A/c				5,000

(v)	Bank A/c	Dr.		10,000
	To Cash A/c				10,000

(vi)	Cash A/c	Dr.		5,000
	To Bank A/c				5,000

(vii)	Donation A/c	Dr.		500
	To Cash A/c				500

(viii)	Furniture A/c	Dr.		2,000
	To Cash A/c				2,000

(ix)	Cash A/c	Dr.		5,000
	To Sales A/c				5,000

(x)	Drawings A/c	Dr.		15,000
	To Cash A/c				15,000

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Opening Journal Entry – its Rules and Examples

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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

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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 3 Chapter 4 – Unimax Publications of Class 11

The solution of Question 3 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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