Question 9 Chapter 6 - Unimax Publications of Class 11

Question 9 Chapter 6 – Unimax

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The solution of Question 9 Chapter 6 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

9. Pass the Journal entries and prepare Machinery Account:
2020
May 1 Machine purchased for cash Rs. 2,00,000
May 5 Machine withdraw for domestic use Rs. 10,000
May 13 Depreciation on machine Rs. 2,000
May 15 Sold Machine for cash Rs. 30,000
May 19 Bought Furniture for cash Rs. 25,000
May 25 Machine bought for personal use Rs. 22,000

The solution of Question 9 Chapter 6 – Unimax:

JOURNAL

Date	Particulars		L.F.	Debit	Credit
2020
May 1	Machine Account	Dr.		2,00,000
	To Cash Account				2,00,000
	(Being purchased goods for cash from Ramesh)

May 5	Drawings Account	Dr.		10,000
	To Machine Account				10,000
	(Being purchased goods from Ramesh)

May 13	Depreciation Account	Dr.		2,000
	To Machine Account				2,000
	(Being depreciation charged on Machine)

May 15	Cash Account	Dr.		30,000
	To Machine Account				30,000
	(Being Machine sold for cash)

May 19	Furniture Account	Dr.		25,000
	To Cash Account				25,000
	(Being Furniture bought for cash)

May 25	Drawings Account	Dr.		22,000
	To Cash Account				22,000
	(Being Machine bought for personal use)

LEDGER :

MACHINE ACCOUNT

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Date	Particulars	Amount	Date	Particulars	Amount
2020			2020
May 1	To Cash Account	2,00,000	May 5	By Drawings Account	10,000
			May 13	By Depreciation Account	2,000
			May 15	By Cash Account	30,000
				By Balance c/d	1,58,000

		2,00,000			2,00,000

	To Balance b/d	1,58,000

This is all about the question 9 Chapter 6 – Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger – 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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Question 9 Chapter 6 – Unimax Publications of Class 11

The solution of Question 9 Chapter 6 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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