Question 7b Chapter 4 – Unimax Publications of Class 11

Q7(b) - CH-4 Solution

Question 7b Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

7. (b) Journalise the following transaction in the books of Raj Kumar.
2021
Feb. 1 Paid Salary Rs. 5,000
Feb. 5 Received commission Rs. 2,000
Feb. 6 Received Rent Rs. 4,000.
Feb. 7 Paid interest on capital Rs. 4,000.
Feb. 8 Received interest on Drawings RS. 400.
Feb. 15 Paid wages Rs. 2,000 to Rahul.
Feb. 20 Paid Rs. 10,000 to Raman on account.

The solution of Question 7b Chapter 4 – Unimax:

JOURNAL OF RAJ KUMAR

Date Particulars L.F. Debit Credit
2021          
Feb. 1 Salary A/c Dr.   5,000  
  To Cash A/c       5,000
  (Being salary paid )        
           
Feb. 5 Cash A/c Dr.   2,000  
  To Commission A/c       2,000
  (Being commission received)        
           
Feb. 6 Cash A/c Dr.   4,000  
  To Rent A/c       4,000
  (Being rent received)        
           
Feb. 7 Interest on Capital A/c Dr.   4,000  
  To Capital A/c       4,000
  (Being interest provided on capital)        
           
Feb. 8 Drawings A/c Dr.   400  
  To interest on drawings A/c       400
  (Being interest provided)        
           
Feb. 15 Wages A/c Dr.   2,000  
  To Cash A/c       2,000
  (Being wages paid)        
           
Feb. 20 Raman A/c Dr.   10,000  
  To Cash A/c       10,000
  (Being cash paid to Roman)      

This is all about the Question 7b 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

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

 

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