Question 7a Chapter 4 – Unimax Publications of Class 11

Question 7a Chapter 4 - Unimax Publications of Class 11

Question 7a Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

7. (a) 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 

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

Opening Journal Entry – its Rules and Examples – In Hindi

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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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