Question 43 Chapter 4 – Unimax Publications of Class 11

Q43 - CH-4 Solution

Question 43 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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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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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