Question 7 Chapter 6 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 10 Min Read May 20, 2022
Question 7 - CH-6 Solution
Question 7 - CH-6 Solution

Question 7 Chapter 6 – Unimax

7. Journalise the following transactions, post them into ledger and make the balancing of ledger accounts:
2020
Jan. 1 Yogesh started business with cash Rs. 77,000
Jan. 5 Purchased Machine for Rs. 60,000
Jan. 16 Purchased goods on credit from Saif Rs. 66,000
Jan. 20 Rent paid in cash Rs. 5,500
Jan. 27 Goods sold for Cash Rs. 48,900.

The solution of Question 7 Chapter 6 – Unimax:

JOURNAL

Date Particulars   L.F. Debit Credit
2020          
Jan 1 Cash A/C Dr.   77,000  
  To Capital A/C       77,000
  (Being Yogesh commenced business with cash)        
           
Jan. 5 Machine A/c Dr.   60,000  
  To Cash A/C       60,000
  (Being purchased machine for cash)        
           
Jan. 16 Purchase A/C Dr.   66,000  
  To Saif A/C       66,000
  (Being purchased goods on credit from Saif)        
           
Jan. 20 Rent A/C Dr.   5,500  
  To Cash A/C       5,500
  (Being Salary paid in cash)        
           
Jan. 27 Cash A/C Dr.   48,900  
  To Sales A/C       48,900
  (Being goods sold)        

LEDGER :

CASH ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 1 To Cash A/c 77,000 Jan 5 By Machine A/c 60,000
Jan. 27 To Sales A/c 48,900 Jan. 27 By Rent A/c 5,500
      Jan. 27 By Balance c/d 60,400
           
    1,25,900     1,25,900
           
Feb 1 To Balance b/d 60,400      

CAPITAL ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 31 To balance c/d 77,000 Jan 1 By Cash A/c 77,000
           
    77,000     77,000
           
      Feb 1 By Balance b/d 77,000

MACHINE ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 5 To Cash A/c 60,000 Jan 31 By Balance c/d 60,000
           
    60,000     60,000
           
Feb 1 To Balance b/d 60,000      

PURCHASE ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 16 To Saif A/c 66,000 Jan 31 By Balance c/d 66,000
           
    66,000     66,000
           
Feb 1 To Balance b/d 66,000      

SAIF ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 31 To balance c/d 66,000 Jan 16 By Purchase A/c 66,000
           
    66,000     66,000
           
      Feb 1 By Balance b/d 66,000

RENT ACCOUNT

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Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 20 To Cash A/c 5,500 Jan 31 By Balance c/d 5,500
           
    5,500     5,500
           
Feb 1 To Balance b/d 5,500      

SALES ACCOUNT

Date Particulars Amount Date Particulars Amount
2020     2020    
Jan 31 To balance c/d 48,900 Jan 27 By Cash A/c 48,900
           
    48,900     48,900
           
      Feb 1 By Balance b/d 48,900

This is all about the question 7 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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

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

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Comment if you have any doubt in the question 7 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

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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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