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Question 16 Chapter 6 – Unimax Publications of Class 11

Kuljeet Singh
Question 16 Chapter 6 – Unimax Publications of Class 11

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Question 16 Chapter 6 – Unimax Publications of Class 11

16 Pass journal entried for the following transactions in books of Sri Amit Poddar for January,2023

2023  
Jan.1Commenced business with cash 10000 
Jan.2Deposited into bank 7,500 
Jan.5Bought goods for cash1,250 
Jan.7Sold goods to Bablu600 
Jan.9Bought goods from Goutam 
Jan.12Received cash from Bablu 490 
Jan.12Discount allowed 10 
Jan.13Paid cash to Goutam950 
Jan.13Discount received50 
Jan.14Goods old for cash780 
Jan.16Cash drawn for private purpose 200 
Jan.19Received cash from Bablu and deposited it into bank100 
Jan.21Paid sundry trade expenses 175 
Jan.27Paid cash to Goutam in full settlement of his account500 
Jan.31Paid for carriage outwards 

Also post them into ledger.

The solution of Question 16 Chapter 6 – Unimax Publications of Class 11:

JOURNAL

DateParticularsL.F.DebitCredit
2023     
Jan.1Cash A/cDr. 10,000 
 To Capital A/c   10,000
 (Being business started with cash)    
      
Jan.2Bank A/cDr. 7500 
   To cash A/c   7500
 (Being cash deposited into bank)    
      
Jan.5Purchases A/cDr. 1,250 
 To cash A/c   1,250
 (Being goods purchases for cash)    
      
Jan.7Bablu’s A/cDr. 600 
 To sales A/c   600
 (Being goods sold to Bablu)    
      
Jan.9Purchases A/cDr. 1,500 
 To Gautam’s A/c   1,500
 (Being goods purchases from Gautam)    
      
Jan.12Cash A/cDr. 490 
 Discount A/cDr. 10 
 To bablu  A/c   500
 (Being cash received from Bablu and allowed him discount)    
      
Jan.13Gautam’s A/cDr. 1,000 
 To cash A/cDr.  950
 To Discount A/c   50
 (Being furniture purchase by cheque)    
      
Jan.14Cash A/cDr. 580 
 To sales A/c   580
 goods Being sold for cash)    
      
Jan.16Drawing A/cDr. 200 
 To cash A/c   200
 Being cash drawn for persnol use)    
    100 
Jan.19Cash A/cDr.   
       To Babli’s A/c     100
 (Being cash received from Bablu)    
      
Jan.21Sundry trade expenses A/cDr. 175 
        To cash A/c   175
 (Being paid sundry trade expenses)    
      
Jan.27Gautam’s A/cDr. 500 
        To cash A/c   500
 (Being cash paid to Gautam)    
      
Jan.31Carriage A/c Dr. 40 
       To cash A/c   40
 (Being cash paid for carriage)    
     

LEDGER :

CASH ACCOUNT

DateParticularsAmountDateParticularsAmount
2023  2023  
Jan. 1To Capital A/c10,000Jan.2By Bank A/c580
Jan.12To Babul’s A/c490Jan.5By purchases A/c1,250
Jan.14To sales A/c780Jan.13By Gautam’s A/c950
Jan.19To Bablu’s A/c100Jan.16By Drawing A/c200
   Jan.21By sundry exp. A/c175
   Jan.27By Gautam’s A/c500
   Jan.31By carriage A/c40
   Jan.31By balance c/d755
      
  11,370  11,370
Feb. 1To balance b/d755   
      

CAPITAL  ACCOUNT

DateParticularsAmount DateParticularsAmount
2019  2019  
Jan .31To Balance c/d10,000Jan.1By Cash A/c10,000
      
  10,000  10,000
   Feb.1 By Balance c/d10,000
      

BANK  ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.2To cash A/c7,500Jan.31By balance c/d7,600
Jan.19To cash A/c100   
      
  7,600  7,600
Feb.1To balance b/d7,600   
      

PURCHASES ACCOUNT

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.5To cash A/c1,250Jan.31By Balance c/d2,750
Jan.9To Gautam’s A/c1,500   
  2,750  2,750
      
Feb.1To Balance b/d2,750   

Bablu ACCOUNT

DateParticularsAmount DateParticularsAmount
2019  2019  
Jan.5To sale A/c600Jan.12By cash A/c490
   Jan.12By discount allowed A/c10
   Jan.19By cash A/c100
  600  600

SALES ACCOUNT 

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DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To balance c/d1,380Jan.7By Bablu’s A/c600
   Jan.14By Cash A/c780
      
  1,380  1,380
   Feb.1By balance b/d1,380

GAUTAM ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.13To Cash A/c950Jan.9By Purchases A/c1,500
Jan.13To Discount receives A/c150   
Jan. 27To Cash A/c500   
  1,500  1,500

DISCOUNT ALLOWED  ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan. 12To Bablu’s A/c10Jan.31By balance b/d10
  10  10 
Feb. 1 To balance b/d10  10 

Discount Received A/c

DateParticularsAmount DateParticularsAmount
2023  2023   
   Jan.13By Gautam’s A/c50
Jan. 31To balance c/d50   
  50  50
      
   Feb.1By balance c/d50

DRAWING ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.16To Cash A/c200Jan.31By balance c/d200
      
  200  200
      
      
Feb.1To balance b/d200   

 SUNDRY TRADE ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.21To Cash A/c175Jan.31By balance c/d175
      
  175  175
Feb. 1To balance b/d175   

 CARRIAGE  ACCOUNT 

DateParticularsAmount DateParticularsAmount
2023  2023  
Jan.31To Cash A/c40Jan.31By balance c/d40
      
  40  40
Feb. 1To balance b/d40   

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.

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

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