Question 39 Chapter 4 - Unimax Publications of Class 11

Question 39 Chapter 4 – Unimax

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The solution of Question 39 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

39. Pass journal entries in the following cases:
(i) Salaries to staff Rs. 20,000 are outstanding.
(ii) Salary due in Dec. 2020 were paid in January 2021 Rs. 2,500.
(iii), Interest accrued in Dec. 2020 amounting to Rs. 3,500 received in Jan., 2021
(iv) Received an advance of Rs. 2,500 from Sahil against their order for supply of goods.
(v) Paid rent Rs. 5000 for next year.

The solution of Question 39 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2021
(i)	Salaries A/c	Dr.		20,000
	To Outstanding Salaries A/c				20,000
	(Being salaries to staff are outstanding)

(ii)	Outstanding Salaries A/c	Dr.		2,500
	To Cash A/c				2,500
	(Being outstanding salary paid in cash)

(iii)	Cash A/c	Dr.		3,500
	To Accrued Interest A/c				3,500
	(Being interest for previous month received next month in Cash)

(iv)	Cash A/c	Dr.		2,500
	To Sahil A/c				2,500
	(Being cash received in advance against supply of Goods)

(v)	Prepaid Rent A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being rent paid for next year)
	Grand Total			33,500	33,500

This is all about the Question 39 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 39 Chapter 4 – Unimax Publications of Class 11

The solution of Question 39 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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