Question 4b Chapter 4 - Unimax Publications of Class 11

Question 4b Chapter 4 – Unimax

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The solution of Question 4b Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

4. (b) Journalise the following transactions in the books of Shriya.
2021
Jan. 1 Started business with Bank Rs. 2,50,000 & Cash Rs. 1,00,000 by Shriya.
Jan. 2 Paid school fees of proprietor’s daughter from the business Rs. 10,000.
Jan, 6 Shriya withdrew cash Rs. 18,000 for her birthday party from her personal account.
Jan. 10 Rent of the Owner’s House paid from Business Rs. 20,000
Jan. 15 Cash withdrawn by Shriya for her House use Rs. 4,000.
Jan. 18 Rent Received from Business Rs. 30,000, deposited into Shriya’s personal account

The solution of Question 4b Chapter 4 – Unimax:

Date	Particulars		L.F.	Debit	Credit
2021
Jan 1	Bank A/c	Dr.		2,50,000
	Cash A/c	Dr.		1,00,000
	To Shriya’s Capital A/c				3,50,000
	(Being business started with cash & bank)

Jan 2	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being school fees of proprietor’s daughter paid from business)

Jan 6	No Entry

Jan 10	Drawings A/c	Dr.		20,000
	To Cash A/c				20,000
	(Being rent of owner’s resident paid)

Jan 15	Drawings A/c	Dr.		4,000
	To Cash A/c				4,000
	(Being cash withdrawn for House use)

Jan 18	Cash A/c	Dr.		30,000
	To Rent Received A/c				30,000
	(Being rent received from business)

	Drawings A/c	Dr.		30,000
	To Cash A/c				30,000
	(Being amount of rent received deposited in Shriya’s personal account)

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

The solution of Question 4b Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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