Question 7a Chapter 4 - Unimax Publications of Class 11

Question 7a Chapter 4 – Unimax

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The solution of Question 7a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

7a. Record the following transactions in the journal of Shiv.
2021
Feb. 1 Paid Rs. 10,000 to Ishika on account.
Feb. 2 Paid Rs. 10,500 to Sunil for Salary.
Feb. 8 Paid Rs. 5,000 to Ravi for commission.
Feb. 20 Received Rs. 10,000 from Neha
Feb, 24Received Rs. 20,000 from Neharika on account.
Feb. 28 Received Rs. 18,000 from Lucky for Interest.

The solution of Question 7a Chapter 4 – Unimax:

JOURNAL OF SHIV

Date	Particulars		L.F.	Debit	Credit
2021
Feb. 1	Ishika A/c	Dr.		10,000
	To Cash A/c				10,000
	(Being cash paid to Ishika)

Feb. 2	Salaries A/c	Dr.		10,500
	To Cash A/c				10,500
	(Being cash paid to Sunil for salary)

Feb. 8	Commission A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being cash paid to Ravi for commission)

Feb. 20	Cash A/c	Dr.		10,000
	To Neha A/c				10,000
	Being Cash received from Neha)

Feb. 24	Cash A/c	Dr.		20,000
	To Neharika A/c				20,000
	(Being cash received from Neharika)

Feb. 28	Cash A/c	Dr.		18,000
	To Interest A/c				18,000
	(Being cash received from lucky for interest)

This is all about the Question 7a Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples

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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 7a Chapter 4 – Unimax Publications of Class 11

The solution of Question 7a Chapter 4 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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