Question 39 Chapter 4 – Unimax Publications of Class 11

Q39 - CH-4 Solution

Question 39 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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 

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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