Question 3 Chapter 4 – Unimax Publications of Class 11

Q3- CH-4 Solution

Question 3 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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(vi) Cash withdrawn from Bank Rs. 5,000.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(x) Cash withdrawn from bank for domestic use Rs. 15,000,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

This is all about the Question 3 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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