Advertisement
Question 16 Chapter 4 – Unimax Publications of Class 11
16. Journalise the following transactions in the books of Rajesh:
2021
May 1 Goods costing Rs. 10,000 sold for Rs. 18,000
May 3 Furniture worth Rs. 19,000 sold for Rs. 28,000
May 5 Goods costing Rs. 19,000 sold to Savita for Rs. 18,000
May 7 Office equipment worth Rs. 39,000 sold for Rs. 30,000
May 9 Goods costing Rs. 8,000 sold for Rs. 12,000
May 11 Office equipment worth Rs. 9,000 sold for RS. 10,500
May 12 Goods costing Rs. 15,000 sold for Rs. 12,500 to Nikita
May 14 Furniture worth Rs. 19,000 sold for Rs. 15,000
May 17 Machinery worth Rs. 25,000 sold for Rs. 32,000
May 19 Expenses on sale of machinery Rs. 2,000
May 21 Goods costing Rs. 38,000 sold Rs. 40,000. Brokerage on sale 2,800
May 27 Office Almirah worth Rs. 38,000. Sold for Rs. 35,000. Selling Expenses Rs. 1000
The solution of Question 16 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| May 1 | Cash A/c | Dr. | 18,000 | ||
| To Sales A/c | 18,000 | ||||
| (Being goods sold for Cash at a profit) | |||||
| May 3 | Cash A/c | Dr. | 28,000 | ||
| To Furniture A/c | 19,000 | ||||
| To Profit on sale of Furniture A/c | 9,000 | ||||
| (Being Furniture sold for cash at a profit) | |||||
| May 5 | Savita A/c | Dr. | 18,000 | ||
| To Sales A/c | 18,000 | ||||
| (Being goods sold on credit at loss) | |||||
| May 7 | Cash A/c | Dr. | 30,000 | ||
| Loss on Sale of office equipment A/c | Dr. | 9,000 | |||
| To Office Equipment A/c | 39,000 | ||||
| (Being assets sold for cash at a loss) | |||||
| May 9 | Cash A/c | Dr. | 12,000 | ||
| To Sales A/c | 12,000 | ||||
| (Being goods sold for Cash) | |||||
| May 11 | Cash A/c | Dr. | 10,500 | ||
| To Office Equipment A/c | 9,000 | ||||
| To Profit on Sale of Equipment A/c | 1,500 | ||||
| (Being office equipment sold at profit) | |||||
| May 12 | Nikita A/c | Dr. | 12,500 | ||
| To Sales A/c | 12,500 | ||||
| (Being goods sold on credit) | |||||
| May 14 | Cash A/c | Dr. | 15,000 | ||
| Loss on Sale of Furniture A/c | Dr. | 4,000 | |||
| To Furniture A/c | 19,000 | ||||
| (Being furniture sold at a loss) | |||||
| May 17 | Cash A/c | Dr. | 30,000 | ||
| To Machine A/c | 25,000 | ||||
| To Profit on sale of machine A/c | 5,000 | ||||
| (Being machinery sold at a profit and selling expenses Deducted from profit) | |||||
| May 19 | Cash A/c | Dr. | 40,000 | ||
| To Sales A/c | 40,000 | ||||
| (Being goods sold for cash) | |||||
| May 21 | Brokerage A/c | Dr. | 2,800 | ||
| To Cash A/c | 2,800 | ||||
| (Being brokerage paid in cash) | |||||
| May 27 | Cash A/c | Dr. | 34,000 | ||
| Loss on Sale of Fixtures A/c | Dr. | 4,000 | |||
| To Fixtures A/c | 38,000 | ||||
| (Being office almirah sold at a loss and selling expenses Included in loss) | |||||
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
Advertisement
Question 13 Chapter 4 – Unimax Publications of Class 11
Advertisement
Question 24 Chapter 4 – Unimax Publications of Class 11
Advertisement
Question 36 Chapter 4 – Unimax Publications of Class 11
Advertisement
Question 48 Chapter 4 – Unimax Publications of Class 11
Advertisement
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.
Advertisement