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Question 7 Chapter 6 – Unimax Publications of Class 11

Question 7 - CH-6 Solution
Question 7 - CH-6 Solution

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Question 7 Chapter 6 – Unimax

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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

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

LEDGER :

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CASH ACCOUNT

DateParticularsAmountDate ParticularsAmount
2020  2020  
Jan 1To Cash A/c77,000Jan 5By Machine A/c60,000
Jan. 27To Sales A/c48,900Jan. 27By Rent A/c5,500
   Jan. 27By Balance c/d60,400
      
  1,25,900  1,25,900
      
Feb 1To Balance b/d60,400   

CAPITAL ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 31To balance c/d77,000Jan 1By Cash A/c77,000
      
  77,000  77,000
      
   Feb 1By Balance b/d77,000

MACHINE ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 5To Cash A/c60,000Jan 31By Balance c/d60,000
      
  60,000  60,000
      
Feb 1To Balance b/d60,000   

PURCHASE ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 16To Saif A/c66,000Jan 31By Balance c/d66,000
      
  66,000  66,000
      
Feb 1To Balance b/d66,000   

SAIF ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 31To balance c/d66,000Jan 16By Purchase A/c66,000
      
  66,000  66,000
      
   Feb 1By Balance b/d66,000

RENT ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 20To Cash A/c5,500Jan 31By Balance c/d5,500
      
  5,500  5,500
      
Feb 1To Balance b/d5,500   

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SALES ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2020  2020  
Jan 31To balance c/d48,900Jan 27By Cash A/c48,900
      
  48,900  48,900
      
   Feb 1By Balance b/d48,900

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

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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