Question 41 Chapter 4 – Unimax Publications of Class 11

Q41 - CH-4 Solution

Question 41 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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 

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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