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Question 45 Chapter 4 – Unimax Publications of Class 11
45. Journalise
(a) Purchased a machinery for cash Rs. 60,000 and paid Rs. 5,000 in cash as wages on its installation, goods for Rs. 3,000 were also used from business on its installation.
(b) Manpreet who owed us Rs. 20,000 is declared insolvent and 60 paise in a rupee is received as final Dividend from his estate.
(c)Purchased an old machinery for Rs. 60,000 and spent Rs. 2,000 on its carriage and Rs. 5,000 on its Immediate repairs.
(d)Sold goods costing Rs. 4,000 to Harmeet and issued. Invoice at 10% above cost less 5% trade Discount.
(e) Bricks for Rs. 60,000 and timber for Rs. 35,000 purchased for the construction of building. The payment was made by cheque.
(f) Paid Rs. 4,000 as Income Tax and Rs. 1,500 as sales tax.
(g) Goods sold for cash to customers for Rs. 2,000 and collected 7% sales tax on it.
(h) Received on order for goods for Rs. 3,000. From Manoj and received Rs. 2,500 as advance
(i) Paid cash to X on behalf of Y Rs. 2,400
(j)Paid for owner’s life insurance premium Rs. 1,200
The solution of Question 45 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| (a) | Machinery A/c | Dr. | 68,000 | ||
| To Cash A/c | 68,000 | ||||
| To Purchases A/c | |||||
| (Being machinery purchased for cash and installation charges paid, goods also used in it) | |||||
| (b) | Cash A/c | Dr. | 12,000 | ||
| Bad debts A/c | Dr. | 8,000 | |||
| To Manpreet’s A/c | 20,000 | ||||
| (Being Manpreet declared insolvent and 60 paise in a Rupee received from him) | |||||
| (c) | Machinery A/c | Dr. | 67,000 | ||
| To Cash A/c | 67,000 | ||||
| (Being old machinery purchased for cash and carriage and immediate repairs made) | |||||
| (d) | Harmeet’s A/c | Dr. | 4,180 | ||
| To Sales A/c | 4,180 | ||||
| (Being goods sold to Harmeet invoice at 10% above cost deducting trade discount @ 5%) | |||||
| (e) | Building A/c | Dr. | 95,000 | ||
| To Bank | 95,000 | ||||
| (Being timber and bricks used for construction of building) | |||||
| (f) | Drawings A/c | Dr. | 4,000 | ||
| Sales Tax A/c | Dr. | 1,500 | |||
| To Cash A/c | 5,500 | ||||
| (Being income tax and sales tax paid) | |||||
| (g) | Cash A/c | Dr. | 2,140 | ||
| To Sales A/c | 2,140 | ||||
| To Sales Tax A/c | |||||
| (Being goods used for cash and sales tax collected from customers on it) | |||||
| (h) | Machinery A/c | Dr. | 2,500 | ||
| To Manoj A/c | 2,500 | ||||
| (Being cash received from Manoj as advance for supply of goods) | |||||
| (i) | Y’s A/c | Dr. | 2,400 | ||
| To Cash A/c | 2,400 | ||||
| (Being cash paid to X on behalf of Y) | |||||
| (j) | Drawings A/c | Dr. | 1,200 | ||
| To Cash A/c | 1,200 | ||||
| (Being owner’s life insurance premium paid) | |||||
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.
If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.
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