Advertisement

Question 47 Chapter 4 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 8 Min Read May 17, 2022
Q47 - CH-4 Solution
Q47 - CH-4 Solution

Advertisement

Question 47 Chapter 4 – Unimax

Advertisement

47. Journalise the following transaction in the books of Parkash.
2021
Nov. 1 Purchased furniture worth Rs. 16,000 and tools worth Rs. 4,000
Nov. 2 Prakash borrowed Rs. 70,000 from his friend Manav and Rs. 35,000 from his brother Nikhil
Nov. 4 Banked (cash sent to bank) Rs. 80,000
Nov. 7 Withdrawn from bank by Prakash for personal use Rs. 10,000
Nov. 11 Withdrawn from bank Rs. 20,000
Nov. 17 Borrowed from bank Rs. 40,000
Nov. 19 Bought shares in X Ltd. For Rs. 25,000 and brokerage paid@ 29%. All payment is made by Cheque
Nov. 28 Paid electricity bill Rs. 1,800 and miscellaneous expenses Rs. 120
Nov. 30 Salaries unpaid Rs. 14,000 and rent due to land-lord Rs. 2,400.

The solution of Question 47 Chapter 4 – Unimax:

JOURNAL

DateParticulars L.F.DebitCredit
2021     
Nov. 1Furniture A/cDr. 16,000 
 Tools A/c  4,000 
 To Cash A/c   20,000
 (Being furniture and tools purchased)    
      
Nov. 2Cash A/cDr. 1,05,000 
 To Manav’s Loan A/c   70,000
 To Nikhil’s Loan A/c   35,000
 (Being money borrowed from Manav and Nikhil)    
      
Nov. 4 Bank A/cDr. 80,000 
 To Cash A/c   80,000
 (Being cash sent to Bank)    
      
Nov. 7 Drawings A/cDr. 10,000 
 To Bank A/c   10,000
 (Being withdrawals made from bank for personal use)    
      
Nov. 11 Cash A/cDr. 20,000 
 To Bank A/c   20,000
 (Being cash withdrawn from Bank)    
      
Nov. 17Cash A/cDr. 40,000 
 To Bank Loan A/c   40,000
 (Being cash borrowed from Bank)    
      
Nov. 19Investment in shares A/cDr. 25,500 
 To Bank A/c   25,500
 (Being cash paid for purchasing shares in X Ltd. And Brokerage paid)    
      
Nov. 28Electricity expenses A/cDr. 1,800 
 Misc. expenses A/cDr. 120 
 To Cash A/c   1,920
 (Being electricity bill and miscellaneous expenses paid)    
      
Nov. 30Salaries A/cDr. 14,000 
 To outstanding salaries A/c   14,000
 (Being salaries are unpaid)    
      
Nov. 30Rent A/cDr. 2,400 
 To outstanding rent A/c   2,400
 (Being rent due to landlord)   

This is all about the Question 47 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

Advertisement-X

You Can also read all above articles in Hindi on our Hindi Website

Opening Journal Entry – its Rules and Examples – In Hindi

Thanks, Please Like and share with your friends  

Comment if you have any doubt in the Question 47 Chapter 4 – Unimax.

You can also Check out the solved question of other Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Advertisement-X

  • 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

You can also Check out the other Books’ Solution: –

 

Advertisement

error: Content is protected !!