Question 33 Chapter 4 – Unimax Publications of Class 11

Q33 - CH-4 Solution

Question 33 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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  (Being cash withdrawn for personal use)        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 

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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