Question 35 Chapter 4 - Unimax Publications of Class 11

Question 35 Chapter 4 – Unimax

Table of Contents

The solution of Question 35 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

35. Journalise the following transactions:
(a) X, who owed us Rs. 30,000 became insolvent
(b) Y, who owed us Rs. 40,000 is declared insolvent and 50 paise in a rupee is received from his estate.
(c) Received Rs. 4,000 from Z which were written off in previous year.
(d) Borrowed Rs.25,000 from X
(e) Rs. 500 due from Munish are irrecoverable.
(f) Lent Rs. 15,000 to Y.

The solution of Question 35 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit

(a)	Bad Debts A/c	Dr.		30,000
	To X’s A/c				30,000
	(Being bad debt incurred)

(b)	Cash A/c	Dr.		20,000
	Bad Debts A/c	Dr.		20,000
	To Y’s A/c				40,000
	(Being 50 paise in a rupee is received)

(c)	Cash A/c	Dr.		4,000
	To Bad debts recovered A/c				4,000
	(Being bad debts recovered from Z)

(d)	Cash A/c	Dr.		25,000
	To X’s Loan A/c				25,000
	(Being borrowed from X)

(e)	Bad Debts A/c	Dr.		500
	To Munish’s A/c				500
	(Being bad debt incurred)

(f)	Y’s Loan A/c	Dr.		15,000
	To Cash A/c				15,000
	(Being cash lent to Y)
	Grand Total			1,14,500	1,14,500

This is all about the Question 35 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

Thanks, Please Like and share with your friends

Comment if you have any doubt in the Question 35 Chapter 4 – Unimax.

You can also Check out the solved question of other Chapters: –

Advertisement-X

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

You can also Check out the other Books’ Solution: –

Question 35 Chapter 4 – Unimax Publications of Class 11

The solution of Question 35 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Related