Question No 2 Chapter No 9 - Unimax Class 11

Question No 2 Chapter No 11

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The solution of Question No 2 Chapter No 9 – Unimax Class 11

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Journalise the following transactions in the books of Aggarwal & sons, Kolkata, 1st January 2020. Cash ₹ 2,400; X ₹ 2,400; Y ₹ 3,600; Z ₹ 3,600. Creditors. P ₹ 3,600; Q ₹ 6,000.

2020		₹
Jan.1	Goods sold to Mr. Red	1,800
Jan.1	Goods sold to Mr. White	1,200
Jan.1	Goods sold to Mr. Blue	1,800
Jan.5	Cash paid for Mr. Q	1,200
Jan.15	Cash received from Mr. Y in full settlement	3,420
Jan.16	Paid for charity	300
Jan.16	Paid for stationery	420
Jan.16	Paid to pages	180
Jan.20	Cash paid to Mr. P	16,80
	And he allowed us discount	120
Jan.21	Goods sold to Mr. sky	4,200
Jan.25	Goods sold to Mr. earth after allowed him trade discount 10%	270
Jan.27	Cash received from Mr. sky in full settlement of his account	4,020
Jan.28	Allowed interest on capital @ 5% p.a. for one month
Jan.31	Paid for salaries	300
Jan.31	Paid for rent	600
Jan.31	Closing stock	6,000

The solution of Question No 2 Chapter No 9 – Unimax Class 11

Journal

Date	Particulars		L.F.	Debit	Credit
2020
Jan.1	Cash A/c	Dr.		12,000
	Furniture A/c	Dr.		2,400
	W’s A/c	Dr.		2,400
	Building A/c	Dr.		36,000
	X’s A/c	Dr.		2,400
	Y’s A/c	Dr.		3,600
	Z’s A/c	Dr.		3,600
	To P’s A/c				3,600
	To Q’s A/c				6,000
	To Capital A/c				52,800
	(Being opening entry made)
Jan.1	Mr. Red’s A/c	Dr.		1,800
	To Sales A/c				1,800
	(Being goods sold to Mr. Red)
Jan.1	Mr. White’s A/c	Dr.		1,200
	To Sales A/c				1,200
	(Being goods sold to Mr. White)
Jan.1	Mr. Blue’s A/c	Dr.		1,800
	To Sales A/c				1,800
	(Being goods sold to Mr. Blue)
Jan.5	Mr. Q’s A/c	Dr.		1,200
	To Cash A/c				1,200
	(Being cash paid to Mr. Q)
Jan.15	Cash A/c	Dr.		3,420
	Discount A/c	Dr.		180
	To Mr. T’s A/c				3,600
	(Being cash received from Mr. Y and discount allowed)
Jan.16	Charity A/c	Dr.		300
	To Cash A/c				300
	(Being paid for charity)
Jan.16	Stationery A/c	Dr.		420
	Postage	Dr.		180
	To Cash A/c				600
	(Being paid for stationery postages)
Jan.20	Mr. P’s A/c	Dr.		1,800
	To Cash A/c				1,680
	To Discount A/c				120
	(Being cash paid to Mr. P and received)
Jan.21	Mr. sky’ A/c	Dr.		4,200
	To Sales A/c				4,200
	(Being goods sold to Mr. sky)
Jan.25	Mr. Earth A/c	Dr.		243
	To Sales A/c				243
	(Being goods sold to Mr. Earth)
Jan.27	Cash A/c	Dr.		4,020
	Discount A/c	Dr.		180
	To Mr. Sky’s A/c				4,200
	(Being cash received from Mr. Sky and discount allowed)
Jan.28	Interest on capital A/c	Dr.		2,240
	To Capita A/c				2,240
	(Being allowed interest on capital)
Jan.31	Salaries A/c	Dr.		300
	Rent A/c	Dr.		600
	To cash A/c				900
	(Being salaries and rent paid)

			Cash A/c
Date	Particular	J.F.	Amount	Date	Particular	J.F.	Amount
Jan.1	To balance b/d		12,000	Jan.5	By Mr. Q’s A/c		1,200
Jan. 15	To Mr. Y’s A/c		3,420	Jan.16	By Charity A/c		300
Jan.27	To Mr. Sky’s A/c		4,020	Jan.16	By Stationery A/c		420
				Jan.16	By Postage A/c		180
				Jan.20	By Mr. P’s A/c		1,680
				Jan.31	By salaries A/c		300
				Jan.31	By Rent A/c		600
				Jan.31	By Balance c/d		14,760
			19,440				19,440
Feb.1	To Balance b/d		14,760

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Dr.	Furniture A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		2,400

			2,400

Dr.	W’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		2,400

			2,400

Dr.	Building A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		3,600

			3,600

Dr.	X’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		2,400

			2,400

Dr.	Y’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		3,600	Jan.15	By Cash A/c		3,420
				Jan.15	By Discount Allowed A/c		180

			3,600				3,600

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Dr.	Z’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Balance b/d		3,600

			3,600

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Dr.	P’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.20	To Cash A/c		1,680	Jan.1	By Balance b/d		3,600
Jan.20	To Discount received A/c		120
Jan.31	To Balance c/d		1,800

			3,600				3,600
				Feb.1	By Balance b/d		3,600

Dr.	Q’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.5	To Cash A/c		1,200	Jan.1	By Balance b/d		6,000
Jan.31	To Balance c/d		4,800

			6,000				6,000

Dr.	Capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		55,040	Jan.1	By Balance b/d		52,800
				Jan.28	By interest on capital A/c		2,240

			55,040				55,040
				Feb.1	By Balance b/d		55,040

Dr.	Mr. Red’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Sales A/c		1,800	Jan.31	By Balance c/d		1,800

			1,800				1,800
Feb.1	To Balance b/d		1,800

Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		9,243	Jan.1	By Mr. Red’s A/c		1,800
				Jan.1	By Mr. White’s A/c		1,200
				Jan.1	By Mr. Blue’s A/c		1,800
				Jan.21	By Mr. Sky’s A/c		4,200
				Jan.25	By Mr. earth’s A/c		243

			9,243				9,243
				Feb.1	By Balance b/d		9,243

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Dr.	Mr. white’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Sales A/c		1,200	Jan.31	By Balance c/d		1,200

			1,200				1,200
Feb.1	To Balance b/d		1,200

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Dr.	Mr. Blue’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.1	To Sales A/c		1,800	Jan.31	By Balance c/d		1,800

			1,800				1,800
Feb.1	To Balance b/d		1,800

Dr.	Discount allowed A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.15	To Mr. Y’s A/c		180	Jan.31	By Balance c/d		360
Jan.27	To Mr. Sky’s A/c		180

			360				360
Feb.1	To Balance b/d		360

Dr.	Charity A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.16	To Cash A/c		300	Jan.31	By Balance c/d		300

			300				300
Feb.1	To Balance b/d		300

Dr.	Stationery A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.16	To Cash A/c		420	Jan.31	By Balance c/d		420

			420				420
Feb.1	To Balance b/d		420

Dr.	Postage A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.16	To Cash A/c		180	Jan.31	By Balance c/d		180

			180				180
Feb.1	To Balance b/d		180

Dr.	Discount received A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Balance c/d		120	Jan.20	By Mr. P’s A/c		120

			120				120
				Feb.1	By Balance b/d		120

Dr.	Mr. Sky’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.21	To Sales A/c		4,200	Jan.27	By Cash A/c		4,020
				Jan.27	By Discount allowed A/c		180

			4,200				4,200

Dr.	Mr. Earth’s A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.25	To Sales A/c		243	Jan.31	By Balance c/d		243

			243				243
Feb.1	To Balance b/d		243

Dr.	Interest on capital A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.25	To Capital A/c		2,240	Jan.31	By Balance c/d		2,240

			2,240				2,240
Feb.1	To Balance b/d		2,240

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Dr.	Sales A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Cash A/c		300	Jan.31	By Balance c/d		300

			300				300
Feb.1	To Balance b/d		300

Dr.	Rent A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
Jan.31	To Cash A/c		600	Jan.31	By Balance c/d		600

			600				600
Feb.1	To Balance b/d		600

	Trail Balance A/c
S. No.	Name of A/c	L.F.	Debit	Credit
1	Cash A/c		14,760
2	Furniture A/c		2,400
3	W’s A/c		2,400
4	Building A/c		36,000
5	X’s A/c		2,400
6	Z’s A/c		3,600
7	P’s A/c			1,800
8	Q’s A/c			4,800
9	Capital A/c			55,040
10	Mr. Red’s A/c		1,800
11	Salaries A/c			9,243
12	Mr. White A/c		1,200
13	Mr. Blue A/c		1,800
14	Discount allowed A/c		360
15	Charity A/c		300
16	Stationery A/c		420
17	Postage A/c		180
18	Discount received A/c			120
19	Mr. Earth A/c		243
20	Interest on capital A/c		2,240
21	Salaries A/c		300
22	Rent A/c		600
	Total		71,003	71,003