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Question 14 Chapter 6 – Unimax Publications of Class 11

Kuljeet Singh
Question 14 Chapter 6 – Unimax Publications of Class 11

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Question 14 Chapter 6 – Unimax Publications of Class 11

14. Journalise the following transactions and post them into Ledger

2023  
Jan.1Anil started his business with cash goods and furniture15000
Jan.5Sold goods to Ranjan and for cash 6000
Jan.8 Received from Ranjan on account 
Jan.11 Purchased good from Prakash 
Jan.15Paid to Prakash 
Jan.18Goods retuned to Parkash 1800
Jan.20 Type writer purchases on credit from new type write Co. for 7500
Jan.31Paid stationery charges ₹1,000 Salaries ₹3,700 and rent800

The solution of Question 14 Chapter 6 – Unimax Publications of Class 11:

JOURNAL

DateParticularsL.F.DebitCredit
2023     
Jan.1Cash A/cDr. 75,000 
 Stock A/cDr. 15,000 
 Furniture A/cDr. 7,500 
 To Capital A/c   97,500
 (Being business started with cash, stock and furniture)    
      
Jan.5Cash A/cDr. 2,500 
 Rajan’s A/cDr. 3,500 
 To Sales A/c   6,000
 (Being goods sold to Rajan)    
      
Jan.8Cash A/cDr. 3,500 
 To Rajan’s A/c   3,500
 (Being cash received from Rajan)    
      
Jan.11Purchases A/cDr. 16,800 
 To Parkash’s A/c   16,800
 (Being goods purchases from Parkash)    
      
Jan.15Parkash’s A/c Dr. 10,000 
 To Cash A/c   10,000
 (Being cash to Parkash)    
      
Jan.18Parkash’s A/cakesh A/cDr. 1,800 
 To Purchase return A/c   1,800
 (Being goods returned to Parkash)     
      
Jan.20 Office equipment A/cDr. 7,500 
 To new typewriter Co. A/c   7,500
 (Being purchase typewrite on credit)    
      
Jan.31Stationery A/cDr. 1,000 
 Salaries A/c  3,700 
 To cash A/c  8005,500
 (Being paid for stationery and rent)    
     

LEDGER :

CASH ACCOUNT

DateParticularsAmountDateParticularsAmount
2023  2023  
Jan. 1To Capital A/c75,000Jan.15By Parkash’s A/c10,000
Jan.5To Sales A/c2,500Jan.31By Stationery A/c1,000
   Jan.31By Rent A/c800
   Jan.31By Balance c/d66,200
      
  81,700  81,700
      
Feb.1To Balance b/d66,200   

CAPITAL ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.3 1To Balance c/d97,500Jan.1By Cash A/c75,000
    By stock A/c15,000
   Jan.1By Furniture A/c7,500
   Feb.1By Balance b/d97,500

PURCHASES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.11To Parkash A/c16,800Jan.31By Balance c/d16,800
      
      
  16,800  16,800
      
Feb.1To Balance b/d16,800   

BANK ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
April 1To Cash A/c50,000April 15By Machinery A/c20,000
April 21To Anil’s Loan A/c8,000April 15By Input IGST A/C2,400
   April 26By Drawings A/C5,000
   April 27By Surya A/C7,500
   April 30By Balance c/d23,100
      
  3,780  3,780
      
May 1To Balance b/d23,100   

SALES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To Balance c/d6,000Jan.5By Cash A/c40,000
   Jan.5By Rajan A/c3,500
      
  6,000  6,000
      
   May 1By Balance b/d6,000

SURYA

DateParticularsAmount DateParticularsAmount
2023  2023  
April 1To Cash A/c20,000April 7By Purchase A/c30,000
April 23To Returns ONWARDS A/c5,000April 7By Input IGST A/C3,600
April 23To Input IGST A/C600   
April 27To Bank A/c7,500   
April 27To Discount Received A/c500   
      
  33,600  33,600

 

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FURNITURE A/C 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan. 1To Capital A/c7,500Jan.31By balance c/d7,500
      
  7,500  7,500
      
Feb.1To balance b/d7,500   

CAPITAL ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.3 1 To balance c/d97,500Jan.1By cash A/c75,000
    By stock A/c15,000
    By Furniture A/c7,500
  97,500  97,500
   Feb.1To balance b/d97,500
      

RAJAN ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.5To sales A/c3,500Jan.8By cash A/c4,200
Jan.31To balance c/d700   
      
      
  4,200  4,200
   Feb.1To balance b/d4,200
      

SALES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To balance c/d6,000Jan.5By cash A/c2,500
   Jan.5By Rajan A/c3,500
      
      
      
  6,000  6,000
      
      

PURCHASES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.11To Parkash A/c16,800April 30By Balance c/d60,000
      
      
  60,000  60,000
      
May 1To Balance b/d60,000   

PARKASH  A/C 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.15To Cash A/c50,000Jan.11By Purchases A/c16,800
Jan.18To Anil’s To purchases return A/c1,800   
Jan.31To balance c/d5,000   
      
   Feb.1By Balance c/d16,800
      
  16,800  5,000
      
      

PURCHASES  RETURN  A/C 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.15To balance c/d1,800Jan.18By Parkash’s A/c 1,800
      
      
      
   Feb.1By Balance c/d1800
      
  1,800  1800
    

OFFICE EQUIPMENT A/C 

DateParticularsAmount DateParticularsAmount
2023  2023  

Jan.20

To new typewriter Co. A/c

 

7,500   
      
      
Feb.1To balance b/d7,500   
      
   Jan.31By Balance b/d7,500

NEW TYPEWRITER CO.ACCOUNT 

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DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To balance c/d7,500Jan20By office equipment A/c30,000
   Feb.1To balance b/d7,500
      
      
      
      
  7,500  7,500

STATIONERY ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To cash A/c1,000Jan.31By balance c/d1,000
  1,000  1,000
      
Feb.1To balance b/d1,000   
      
      
      
      

SALARIES ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To cash A/c3,700Jan.31By balance c/d3,700
  3,700  3,700
      
Feb.1To balance b/d3,700   
      
      
      
      

 

RENT  ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To cash A/c800Jan.31By balance c/d800
  800  800
      
Feb.1To balance b/d800   
      
      
      
    

End of Solution

Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter No. 6 – Ledger Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

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.

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.

Usha-Publication-class-11-min
Usha – Elements of Book-Keeping PSEB Class 11 Accounts- Solution

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