Question 4a Chapter 4 - Unimax Publications of Class 11

Question 4a Chapter 4 – Unimax

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The solution of Question 4a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

4. (a) From the following transactions of Raju Trading Co. Prepare Journal
2021
Jan. 1 Raju commenced business with cash Rs. 2,00,000.
Jan. 10 Cash withdrawn from business for domestic use Rs. 20,000.
Jan. 15 Additional Capital introduced in the business Rs. 50,000.
Jan 20. Income Tax paid Rs. 10,000.
Jan. 25 Personal Car introduced in the business Rs. 4,00,000.
Jan. 28 Life Insurance Premium paid Rs. 10,000.
Jan. 31 Personal Cash paid to purchase building for the business Rs. 3,00,000.

The solution of Question 4a Chapter 4 – Unimax:

Date	Particulars		L.F.	Debit	Credit
2021
Jan 1	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Being business started with cash)

Jan 10	Drawings A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being cash withdrawn from business for domestic use)

Jan 15	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Being additional capital introduced)

Jan 20	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Income Tax Paid)

Jan 25	Car A/c	Dr.		4,00,000
	To Capital A/c				4,00,000
	(Being personal car introduced in business)

Jan 28	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being Life Insurance premium paid)

Jan 31	Building A/c	Dr.		3,00,000
	To Capital A/c				3,00,000
	(Being building purchased for business for personal cash)

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

Opening Journal Entry – its Rules and Examples

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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

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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 4a Chapter 4 – Unimax Publications of Class 11

The solution of Question 4a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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