Question 32 Chapter 4 – Unimax Publications of Class 11

Q32 - CH-4 Solution

Question 32 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

32. Journalise the following entries
(i) Purchased goods for cash of the list price of Rs. 20,000 at 10% Trade discount and 5% cash discount.
(ii) Sold goods with list price Rs. 10,000, Trade discount 5% and cash discount 2%.
(iii) Received cash from Shilpa Rs. 3,850 and discount allowed Rs. 150
(iv) Issued cheque for Rs. 1600 in full settlement of X’s claim of Rs. 1680.
(v) Sold goods to Mansi of the list price Rs. 4,000, trade discount 9%

The solution of Question 32 Chapter 4 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2021          
(i) Purchases A/c Dr.   18,000  
  To Cash A/c       17,100
  To Discount received A/c       900
  (Being goods purchased & discount received)        
           
(ii) Customer’s A/c Dr.   9,500  
  To Sales A/c       9,500
  (Being sold goods to customers or debtors (credit sales))        
           
(iii) Cash A/c Dr.   3,850  
  Discount allowed A/c Dr.   150  
  To Shilpa’s A/c       4,000
  (Being cash received from Shilpa & discount allowed)        
           
(iv) X’s Claim A/c Dr.   1,680  
  To Bank A/c       1,600
  To Discount Received A/c       80
  (Being issued cheque in full settlement of X’s claim)        
           
(v) Mansi’s A/c Dr.   3,640  
  To Sales A/c       3,640
  (Being goods sold to Mansi)        
  Grand Total   36,820 36,820

This is all about the Question 32 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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