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Question 47 Chapter 4 – Unimax Publications of Class 11
47. Journalise the following transaction in the books of Parkash.
2021
Nov. 1 Purchased furniture worth Rs. 16,000 and tools worth Rs. 4,000
Nov. 2 Prakash borrowed Rs. 70,000 from his friend Manav and Rs. 35,000 from his brother Nikhil
Nov. 4 Banked (cash sent to bank) Rs. 80,000
Nov. 7 Withdrawn from bank by Prakash for personal use Rs. 10,000
Nov. 11 Withdrawn from bank Rs. 20,000
Nov. 17 Borrowed from bank Rs. 40,000
Nov. 19 Bought shares in X Ltd. For Rs. 25,000 and brokerage paid@ 29%. All payment is made by Cheque
Nov. 28 Paid electricity bill Rs. 1,800 and miscellaneous expenses Rs. 120
Nov. 30 Salaries unpaid Rs. 14,000 and rent due to land-lord Rs. 2,400.
The solution of Question 47 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| Nov. 1 | Furniture A/c | Dr. | 16,000 | ||
| Tools A/c | 4,000 | ||||
| To Cash A/c | 20,000 | ||||
| (Being furniture and tools purchased) | |||||
| Nov. 2 | Cash A/c | Dr. | 1,05,000 | ||
| To Manav’s Loan A/c | 70,000 | ||||
| To Nikhil’s Loan A/c | 35,000 | ||||
| (Being money borrowed from Manav and Nikhil) | |||||
| Nov. 4 | Bank A/c | Dr. | 80,000 | ||
| To Cash A/c | 80,000 | ||||
| (Being cash sent to Bank) | |||||
| Nov. 7 | Drawings A/c | Dr. | 10,000 | ||
| To Bank A/c | 10,000 | ||||
| (Being withdrawals made from bank for personal use) | |||||
| Nov. 11 | Cash A/c | Dr. | 20,000 | ||
| To Bank A/c | 20,000 | ||||
| (Being cash withdrawn from Bank) | |||||
| Nov. 17 | Cash A/c | Dr. | 40,000 | ||
| To Bank Loan A/c | 40,000 | ||||
| (Being cash borrowed from Bank) | |||||
| Nov. 19 | Investment in shares A/c | Dr. | 25,500 | ||
| To Bank A/c | 25,500 | ||||
| (Being cash paid for purchasing shares in X Ltd. And Brokerage paid) | |||||
| Nov. 28 | Electricity expenses A/c | Dr. | 1,800 | ||
| Misc. expenses A/c | Dr. | 120 | |||
| To Cash A/c | 1,920 | ||||
| (Being electricity bill and miscellaneous expenses paid) | |||||
| Nov. 30 | Salaries A/c | Dr. | 14,000 | ||
| To outstanding salaries A/c | 14,000 | ||||
| (Being salaries are unpaid) | |||||
| Nov. 30 | Rent A/c | Dr. | 2,400 | ||
| To outstanding rent A/c | 2,400 | ||||
| (Being rent due to landlord) | |||||
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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