Question 3 Chapter 6 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 8 Min Read May 20, 2022
Question 3 - CH-6 Solution
Question 3 - CH-6 Solution

Question 3 Chapter 6 – Unimax

3. Enter the following transactions in Journal of Manpreet and post them into Ledger.
2020
Feb.1 Received cash on account of sale Rs. 80,000 & Interest Rs. 7,000.
Feb. 7 Received cheques on account of sales Rs. 60,000; rent Rs. 80,000 and commission Rs. 25,000.
Feb. 25 Paid by cheques on account of Interest Rs. 18,000; Furniture Rs. 68,000 and Purchase of goods Rs. 70,000

The solution of Question 3 Chapter 6 – Unimax:

JOURNAL OF MANPREET

Date Particulars   L.F. Debit Credit
2020          
Feb. 1 Cash Account Dr.   87,000  
  To Sales Account       80,000
  To Interest Received Account       7,000
  (Being cash received on account of sale and Interest)        
           
Feb. 7 Bank Account Dr.   1,65,000  
  To Sales Account       60,000
  To Rent Received Account       80,000
  To Commission Received Account       25,000
  (Being cheque received on account of Sales, Rent and 18,000Commission)        
           
Feb. 25 Interest Account Dr.   18,000  
  Building Account     68,000  
  Purchase Account     70,000  
  To Bank Account       1,56,000
  (Being cheque paid on account of Interest, Building, Purchases)        

LEDGER :

CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2020          
Feb.1 To Sales A/c 80,000      
  To Interest Received A/c 7,000      

SALES ACCOUNT

Date Particulars Amount Date Particulars Amount
      2020    
      Feb.1 By Cash A/c 80,000
      Feb.7 By Bank A/c 60,000

INTEREST RECEVED ACCOUNT

Date Particulars Amount Date Particulars Amount
      2020    
      Feb.1 By Cash A/c 7,000

BANK ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Feb. 7 To Sales Account 60,000 Feb. 25 By Interest Account 18,000
Feb. 7 To Rent Account 80,000 Feb. 25 By Building Account 68,000
Feb. 7 To Commission Received 25,000 Feb. 25 By Purchase Account 70,000

RENT RECEIVED ACCOUNT

Date Particulars Amount Date Particulars Amount
      2020    
      Feb. 7 By Bank A/c 80,000

COMMISSION RECEIVED ACCOUNT

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Date Particulars Amount Date Particulars Amount
      2020    
      Feb. 7 By Bank A/c 25,000

PURCHASE ACCOUNT

Date Particulars Amount Date Particulars Amount
2020          
Feb. 25 To Bank A/c 70,000      

INTEREST ACCOUNT

Date Particulars Amount Date Particulars Amount
2020          
Feb. 25 To Bank A/c 18,000      

BUILDING ACCOUNT

Date Particulars Amount Date Particulars Amount
2020          
Feb. 25 To Bank A/c 68,000      

This is all about the question 3 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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

Ledger balancing or Closing of ledger account | Ledger – In Hindi

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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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