Question 34 Chapter 4 – Unimax Publications of Class 11

Q34 - CH-4 Solution

Question 34 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

34. Pass journal entries in the following cases
(a) Charge interest on drawings Rs. 1,050
(b) Provide 8% interest on capital amounted to Rs, 1,00,000
(c) Goods worth Rs. 2,300 were used by proprietor for personal use
(d) Charge 6% depreciation on machinery costing Rs. 1,50,000
(e) Received RS. 450 from Y as commission
(f) Paid Rs. 600 to X on account.

The solution of Question 34 Chapter 4 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2021          
(a) Drawings A/c Dr.   1,050  
  To Interest on drawings A/c       1,050
  (Being charged interest on drawings)        
           
(b) Depreciation A/c Dr.   8,000  
  To Capital Ac       8,000
  (Being charged interest on capital)        
           
(c) Drawings A/c Dr.   2,300  
  To Purchases A/c       2,300
  (Being goods used by Proprietor for personal use)        
           
(d) Depreciation A/c Dr.   9,000  
  To Machinery A/c       9,000
  (Being charged depreciation on machinery)        
           
(e) Cash A/c Dr.   450  
  To Commission A/c       450
  (Being cash received as commission)        
           
(f) X’s A/c Dr.   600  
  To Cash A/c       600
  (Being paid to X)        
  Grand Total   21,400 21,400

This is all about the Question 34 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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