Question 9 Chapter 5 - Unimax Publications of Class 11

Question 9 Chapter 5 – Unimax

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The solution of Question 9 Chapter 5 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

9. Pass Journal entries for the following:
(i) Interest due but not received Rs. 4,000.
(ii) Salaries due to staff Rs. 25,000.
(iii) Out of the rent paid this year, Rs. 2,000 relates to the next year.
(iv) Provide 10% depreciation on furniture costing Rs. 5,000.
(v)Goods used in making Furniture (Sale Price Rs. 2,000; Cost Rs. 1,500).
(vi) Received commission of Rs. 10,000 plus CGST and SGST @ 6% each by cheque, half of Amount is in advance.

The solution of Question 9 Chapter 5 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit

(i)	Accrued Interest A/c	Dr.		4,000
	To Interest A/c				4,000
	(Being the interest due but not received)

(ii)	Salaries A/c	Dr.		25,000
	To Outstanding Salaries A/c				25,000
	(Being the salaries due to staff)

(iii)	Prepaid Rent A/c	Dr.		2,000
	To Rent A/c				2,000
	(Being the rent paid in advance)

(iv)	Depreciation A/c (10% of 5,000)	Dr.		500
	To Furniture A/c				500
	(Being the depreciation provided on furniture)

(v)	Furniture A/c	Dr.		1,500
	To Purchases A/c				1,500
	(Being the goods costing 1,500 used in making furniture)

(vi) (a)	Bank A/c	Dr.		11,200
	To Commission Received A/c				10,000
	To Output CGST A/c				600
	To Output SGST A/c				600
	(Being the commission received, charged CGST and SGST 6% each)

(b)	Commission Received A/c	Dr.		5,600
	To Commission Received in Advance A/c				5,600
	(Being the commission received in advance adjusted)

This is all about the Question 9 Chapter 5 – 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

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

Question 9 Chapter 5 – Unimax Publications of Class 11

The solution of Question 9 Chapter 5 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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