Question 33 Chapter 4 - Unimax Publications of Class 11

Question 33 Chapter 4 – Unimax

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The solution of Question 33 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

33. Journalise the following entries:
(i) Withdrew cash from bank for personal use Rs. 3,200
(ii) Charge 10% Depreciation on building worth Rs. 75,000
(iii) Sold goods with list price Rs. 80,000; Trade discount 10% and cash discount 2%.
(iv) Purchased goods with list price of Rs. 40,000 at 10% Trade discount and 4% cash discount.
(v) Issued cheque of Rs. 2,500 in full settlement of Rs. 2,620
(vi) Received cash from Shilpa Rs. 2,930 and discount allowed Rs. 70

The solution of Question 33 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
(i)	Drawings A/c	Dr.		3,200
	To Bank A/c				3,200
	(Being cash withdrawn for personal use)

(ii)	Depreciation A/c	Dr.		7,500
	To Building A/c				7,500
	(Being charged depreciation on building)

(iii)	Debtors A/c	Dr.		72,000
	To Sales A/c				72,000
	(Being goods sold to debtor (credit sale))

(iv)	Purchases A/c	Dr.		36,000
	To Creditors A/c				36,000
	(Being goods purchased on credit)

(v)	Creditor’s A/c	Dr.		2,620
	To Bank A/c				2,500
	To Discount received A/c				120
	(Being issued cheque in full settlement)

(vi)	Cash A/c	Dr.		2,930
	Discount allowed A/c	Dr.		70
	To Shilpa’s A/c				3,000
	(Being received from Shilpa & discount allowed)
	Grand Total			1,24,300	1,24,300

This is all about the Question 33 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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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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Question 33 Chapter 4 – Unimax Publications of Class 11

The solution of Question 33 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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