Question 9 Chapter 4 – Unimax Publications of Class 11

Question 9 Chapter 4 - Unimax

Question 9 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

9. Record the following transactions in the books of Simran.
2021
Mar. 1 Borrowed Rs. 1,00,000 from Bank @ 10% interest.
Mar. 2 Borrowed Rs. 50,000 from Sunil.
Mar. 10 Repaid Rs. 25,000 to Sunil.
Mar. 15 Lent Rs. 1,00,000 to Rahul.
Mar. 18 Borrowed Rs. 44,000 from Simran’s brother Jaideep @ 10% interest.
Mar. 20 Rahul Repaid Rs. 50,000.

The solution of Question 9 Chapter 4 – Unimax:

JOURNAL OF SIMRAN

Date Particulars L.F. Debit Credit
2021          
Mar. 1 Cash A/c Dr.   1,00,000  
  To Loan from Bank A/c       1,00,000
  (Being cash borrowed from bank)        
           
Mar. 2 Cash A/c Dr.   50,000  
  To Sunil A/c       50,000
  (Being cash borrowed from Sunil)        
           
Mar. 10 Sunil A/c Dr.   25,000  
  To Cash A/c       25,000
  (Being repaid to Sunil)        
           
Mar. 15 Loan to Rahul A/c Dr.   1,00,000  
  To Cash A/c       1,00,000
  (Being cash lent to Rahul)        
           
Mar. 18 Cash A/c Dr.   44,000  
  To Loan from Jaideep A/c       44,000
  (Being loan taken from his brother Jaideep @ 10% interest)        
           
Mar. 20 Cash A/c Dr.   50,000  
  To Rahul A/c       50,000
  (Being cash repaid to Rahul)      

This is all about the Question 9 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 the 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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