Question 35 Chapter 4 – Unimax Publications of Class 11

Q35 - CH-4 Solution

Question 35 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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
2021          
(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 

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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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