Question 31 Chapter 4 – Unimax Publications of Class 11

Q31 - CH-4 Solution

Question 31 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

31. Journalise the following transactions:
(i) Proprietor withdrew cash Rs. 4,500 for his personal use.
(ii) Good worth Rs. 2,000 were used by the proprietor for personal use.
(iii). Provide 10% Depreciation on fixed assets costing Rs. 3,50,000
(iv). Paid Rs. 4,500 by cheque for purchase of office furniture.
(v) Sold goods Rs. 7,500 to Shrey on credit.
(vi) Goods returned by Vinay Rs. 6,000.

The solution of Question 31 Chapter 4 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2021          
(i) Drawings A/c Dr.   4,500  
  To Cash A/c       4,500
  (Being cash withdrawn for personal use)        
           
(ii) Drawings A/c Dr.   2,000  
  To Purchases A/c       2,000
  (Being goods used by owner for personal use)        
           
(iii) Depreciation A/c Dr.   35,000  
  To Fixed Assets A/c       35,000
  (Being depreciation charged on fixed assets)        
           
(iv) Furniture A/c Dr.   4,500  
  To Bank A/c       4,500
  (Being furniture purchased by cheque)        
           
(v) Shrey’s A/c Dr.   10,000  
  To Sales A/c       10,000
  (Being goods sold to Shrey on credit)        
           
(vi) Sales Returns A/c Dr.   6,000  
  To Vinay’s A/c       6,000
  (Being goods returned by Vinay)        
  Grand Total   59,500 59,500

This is all about the Question 31 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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