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Question 11b Chapter 4 – Unimax Publications of Class 11
11b Pass journal entries for the following:
2021
Dec. 1 Bought goods from Johny worth Rs. 1,00,000 at 10% T.D. and 10% C.D. Paid full amount at the time of purchase itself.
Dec. 4 Bought goods from Bhatia for Rs. 2,00,000 at 10% cash discount and 10% Trade discount. Half of the amount paid by cheque at the time of purchase.
Dec. 12 Sold goods to Sunny for Rs. 2,00,000 on terms 10% Trade discount and 10% Cash discount. If the payment is received within 10 days. 80% payment is received on Dec. 20 by cheque.
Dec. 18 Sold goods to Bunny for Rs. 2,00,000 at 20% Trade discount and 20% cash discount. If the payment is received within 15 days. He paid half the amount on Dec. 26 and 50% of the remainder on Dec. 31.
Dec. 20 Rahul to whom Rs. 10,000 was payable. His account settled by receiving of 5%.
Dec. 22 Shivani who owed Rs. 6,000 paid the amount in full settlement of her availing 2% discount.
Dec. 26 Paid Rs. 4,800 to Ravi availing a discount of 4%.
Dec. 28 Received Rs. 9,800 by cheque from Shriya allowing her 2% discount
The solution of Question 11b Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| Dec. 1 | Purchases A/c | Dr. | 90,000 | ||
| To Cash A/c | 81,000 | ||||
| To Discount received A/c | 9,000 | ||||
| (Being goods purchased from Johny ) | |||||
| Dec 4 | Purchases A/c | Dr. | 1,80,000 | ||
| To Cash A/c | 90,000 | ||||
| To Bhatia A/c | 81,000 | ||||
| To Discount received A/c | 9,000 | ||||
| (Being goods purchased from Bhatia at T.D & C.D dec 12 payment made at time) | |||||
| Dec 4 | Sunny A/c | Dr. | 1,80,000 | ||
| To Sales A/c | 1,80,000 | ||||
| (Being goods sold to sunny at T.D) | |||||
| Dec 18 | Bunny A/c | Dr. | 1,60,000 | ||
| To Sales A/c | 1,60,000 | ||||
| (Being goods sold to bunny at T.D) | |||||
| Dec 20 | Cash A/c | Dr. | 1,29,600 | ||
| Discount allowed A/c | Dr. | 14,400 | |||
| To Sunny A/c | 1,44,000 | ||||
| (Being 80% payment received from sunny at C.D) | |||||
| Dec 20 | Rahul A/c | Dr. | 10,000 | ||
| To Cash A/c | 9,500 | ||||
| To Discount received A/c | 500 | ||||
| (Being cash paid to Rahul at 5% cash discount) | |||||
| Dec 22 | Cash A/c | Dr. | 5,880 | ||
| Discount allowed A/c | Dr. | 120 | |||
| To Shivani A/c | 6,000 | ||||
| (Being cash received from Shivani in full settlement) | |||||
| Dec 26 | Cash A/c | Dr. | 64,000 | ||
| Discount allowed A/c | Dr. | 16,000 | |||
| To Shivani A/c | 80,000 | ||||
| (Being 50% payment received from bunny at C.D 20%) | |||||
| Dec 26 | Rahul A/c | Dr. | 5,000 | ||
| To Cash A/c | 4,800 | ||||
| To Discount received A/c | 200 | ||||
| (Being paid to Ravi after availing 4% C.D i.e (Dis. 4,800x 4/ 26 = 200) | |||||
| Dec 28 | Cash A/c | Dr. | 9,800 | ||
| Discount allowed A/c | Dr. | 200 | |||
| To Shriya A/c | 10,000 | ||||
| (Being 80% payment received from sunny at C.D) | |||||
| Dec 31 | Cash A/c | Dr. | 64,000 | ||
| Discount allowed A/c | Dr. | 16,000 | |||
| To Bunny A/c | 80,000 | ||||
| (Being remaining 50% payment received from bunny) | |||||
End of Solution
Check Out the Solution of all questions for this chapter:
The solutions to all questions of Chapter No. 4 – Journal Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.
Question 5a Chapter 4 – Unimax Publications of Class 11
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Question 13 Chapter 4 – Unimax Publications of Class 11
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Question 24 Chapter 4 – Unimax Publications of Class 11
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Question 36 Chapter 4 – Unimax Publications of Class 11
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Question 48 Chapter 4 – Unimax Publications of Class 11
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1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax
UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.
- 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 Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
2. Punjab School Education Board (PSEB) Solutions of Usha Publication.
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