Question 43 Chapter 4 - Unimax Publications of Class 11

Question 43 Chapter 4 – Unimax

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The solution of Question 43 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

43. Journalise:
(a) Interest on loan Rs. 900 due but not paid.
(b) Payment of income tax Rs. 20,000
(c) Refund of income tax Rs. 2,500
(d). Bought computer for personal use Rs. 25,000
(e) Received a V.P.P. for goods worth Rs. 1100

The solution of Question 43 Chapter 4 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit

(a)	Interest on loan A/c	Dr.		900
	To outstanding interest A/c				900
	(Being interest on loan due but not paid)

(b)	Drawings A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being income tax paid in cash)

(c)	Cash A/c	Dr.		2,500
	To Capital A/c				2,500
	(Being refund of Income Tax recorded)

(d)	Drawings A/c	Dr.		25,000
	To Cash A/c				25,000
	(Being computer purchased for personal use)

(e)	Purchases A/c	Dr.		1,100
	To Cash A/c				1,100
	(Being V.P.P received for purchase of goods)

This is all about the Question 43 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 43 Chapter 4 – Unimax Publications of Class 11

The solution of Question 43 Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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