Question 5 Chapter 6 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 9 Min Read May 20, 2022
Question 5 - CH-6 Solution
Question 5 - CH-6 Solution

Question 5 Chapter 6 – Unimax

5. On 1st July, 2019 Puneet’s assets and liabilities stood as follows :

Assets :   Rs.
  Land and Building 40,000
  Investments 24,000
  Bills Receivables 5,000
  Debtors 10,000
  Plant and Machinery 6,000
  Stock 7,000
  Bank 12,000
  Cash 1,000
Liabilities :    
  Bills Payable 2,000
  X’s loan 15,000
  Creditors 24,000

Make an opening journal entry and post them into Ledger.

The solution of Question 5 Chapter 6 – Unimax:

SHAM LAL’S JOURNAL

Date Particulars   L.F. Debit Credit
2019          
July 1 Land & Building A/c Dr.   40,000  
  Investment A/c Dr.   24,000  
  Bills Receivable A/c Dr.   5,000  
  Debtors A/c Dr.   10,000  
  Plant & Machinery A/c Dr.   6,000  
  Stock A/c Dr.   7,000  
  Bank A/c Dr.   12,000  
  Cash A/c Dr.   1,000  
  To Bills Payable A/c       2,000
  To X’s Loan A/c       15,000
  To Creditors A/c       24,000
  To Capital A/c       64,000
  (Being opening entry passed)      

LEDGER :

 LAND& BUILDING A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 40,000      
    40,000      

INVESTMENT ACCOUNT

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 24,000      
    24,000      

 BILLS RECEIVABLE A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 5,000      
    5,000      

 DEBTORS A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 10,000      

PLANT& MACHINERY A/C

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Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 6,000      
    6,000      

STOCK A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 7,000      
    7,000      

BANK A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 12,000      
    12,000      

CASH A/C

Date Particulars Amount Date Particulars Amount
2019          
July 1 To balance b/d 1,000      
    1,000      

BILLS PAYABLE A/C

Date Particulars Amount Date Particulars Amount
      2019    
      July 1 By balance b/d 2,000
          2,000

X’S LOAN A/C

Date Particulars Amount Date Particulars Amount
      2019    
      July 1 By balance b/d 15,000
          15,000

CREDITORS A/C

Date Particulars Amount Date Particulars Amount
      2019    
      July 1 By balance b/d 24,000
          24,000

CAPITAL A/C

Date Particulars Amount Date Particulars Amount
      2019    
      July 1 By balance b/d 64,000
          64,000

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This is all about question 5 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger – In Hindi

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Comment if you have any doubt in question 5 Chapter 6 – Unimax.

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

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

 

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