Question 41 Chapter 4 - Unimax Publications of Class 11

Question 41 Chapter 4 – Unimax

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The solution of Question 41 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

41. Journalise:
(a). Machinery costing Rs. 25,000 is sold for Rs. 20,500.
(b) Goods costing Rs. 4,500 were sold for Rs. 6,000
(c) Money received for sale proceeds of old newspapers and magazines Rs. 220
(d) Money paid for subscribing newspapers and magazines Rs. 135.
(e) Paid Rs. 600 in cash as wages for installation of machinery.

The solution of Question 41 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit

(a)	Cash A/c	Dr.		20,500
	Profit & Loss A/c	Dr.		4,500
	To Machinery A/c				25,000
	(Being machinery sold and loss suffered)

(b)	Cash A/c	Dr.		6,000
	To Sales A/c				6,000
	(Being goods sold for cash)

(c)	Cash A/c	Dr.		220
	To Miscellaneous receipts A/c				220
	(Being cash received from sale of old newspapers and magazines)

(d)	Sundry expenses A/c	Dr.		135
	To Cash A/c				135
	(Being cash paid for subscribing newspapers and magazines)

(e)	Machinery A/c	Dr.		600
	To Cash A/c				600
	(Being cash paid for installation of machinery)
	Grand Total			31,955	31,955

This is all about the Question 41 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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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 41 Chapter 4 – Unimax Publications of Class 11

The solution of Question 41 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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