Question 30 Chapter 4 – Unimax Publications of Class 11

Q30 - CH-4 Solution

Question 30 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

30. Journalise the following transactions:
(i) Withdrew cash from office for personal use Rs. 2500
(ii) Received commission Rs. 7000
(iii) Wages paid by cheque Rs. 1,200
(iv) Withdrew cash from bank for office use Rs. 1,600
(v) Dividend received through cheque Rs. 650
(vi) Purchased machinery from X& Co. Rs. 10,000
(vii) Provide 8% depreciation on machinery costing Rs. 25,000.

The solution of Question 30 Chapter 4 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2021          
(i) Drawings A/c Dr.   2,500  
  To Cash A/c       2,500
  (Being withdrawn cash for personal use)        
           
(ii) Cash A/c Dr.   700  
  To Commission A/c       700
  (Being commission received)        
           
(iii)  Wages A/c Dr.   1,200  
  To Bank A/c       1,200
  (Being paid wages by cheque)        
           
(iv) Cash A/c Dr.   1,600  
  To Bank A/c       1,600
  (Being cash withdrawn from Bank for office use)        
           
(v) Bank A/c Dr.   650  
  To Dividend A/c       650
  (Being dividend received by cheque)        
           
(vi) Machinery A/c Dr.   10,000  
  To X & Co. A/c       10,000
  (Being machinery purchased from X & Co.)        
           
(vii) Depreciation A/c Dr.   2,000  
  To Machinery A/c       2,000
  (Being charged depreciation on machinery)        

 

 

Grand Total   18,650 18,650

This is all about the Question 30 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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

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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