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Question 3 Chapter 6 – Unimax Publications of Class 11

Question 3 - CH-6 Solution
Question 3 - CH-6 Solution

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Question 3 Chapter 6 – Unimax

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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

DateParticulars L.F.DebitCredit
2020     
Feb. 1Cash AccountDr. 87,000 
 To Sales Account   80,000
 To Interest Received Account   7,000
 (Being cash received on account of sale and Interest)    
      
Feb. 7Bank AccountDr. 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. 25Interest AccountDr. 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 :

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CASH ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020     
Feb.1To Sales A/c80,000   
 To Interest Received A/c7,000   

SALES ACCOUNT

DateParticularsAmountDate ParticularsAmount
   2020  
   Feb.1By Cash A/c80,000
   Feb.7By Bank A/c60,000

INTEREST RECEVED ACCOUNT

DateParticularsAmountDate ParticularsAmount
   2020  
   Feb.1By Cash A/c7,000

BANK ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Feb. 7To Sales Account60,000Feb. 25By Interest Account18,000
Feb. 7To Rent Account80,000Feb. 25By Building Account68,000
Feb. 7To Commission Received25,000Feb. 25By Purchase Account70,000

RENT RECEIVED ACCOUNT

DateParticularsAmountDate ParticularsAmount
   2020  
   Feb. 7By Bank A/c80,000

COMMISSION RECEIVED ACCOUNT

DateParticularsAmountDate ParticularsAmount
   2020  
   Feb. 7By Bank A/c25,000

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PURCHASE ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020     
Feb. 25To Bank A/c70,000   

INTEREST ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020     
Feb. 25To Bank A/c18,000   

BUILDING ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020     
Feb. 25To Bank A/c68,000   

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

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

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Comment if you have any doubt in the question 3 Chapter 6 – Unimax.

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

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

 

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