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Question 18 Chapter 4 – Unimax Publications of Class 11
18. Enter the following transactions in books of Lovekesh.
2021
May 1 Received first instalment of Rs. 40,000 from Ravi who is declared insolvent.
May 3 Sunil who owed Rs. 50,000 is declared insolvent first instalment of 30%, recovered
from him.
May 4 Second dividend of 20% could be recovered from Sunil.
May 9 Recovered Rs. 18,000 from Neha whose account as 25,000 was written off as bad
in Last Year.
May 15 Third and Final dividend of 30% could be recovered from Sunil.
May 20 Recovered Rs. 49,000 from Anup on his insolvency, being 70% of the amount due.
May 25 Recovered Rs. 81,000 from Sita her insolvency, being 90% of the amount due.
The solution of Question 18 Chapter 4 – Unimax Publications of Class 11:
JOURNAL OF LOVEKESH
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| May 1 | Cash A/c | Dr. | 40,000 | ||
| To Ravi A/c | 40,000 | ||||
| (Being first installment received from Ravi) | |||||
| May 3 | Cash A/c | Dr. | 15,000 | ||
| To Sunil A/c | 15,000 | ||||
| (Being first installment of 30% recovered from Sunil) | |||||
| May 4 | Cash A/c | Dr. | 10,000 | ||
| To Sunil A/c | 10,000 | ||||
| (Being second installment of 20% recovered from Sunil) | |||||
| May 9 | Cash A/c | Dr. | 18,000 | ||
| To Bad debt recovered A/c | 18,000 | ||||
| (Being bad debts recovered) | |||||
| May 15 | Cash A/c | Dr. | 15,000 | ||
| Bad debts A/c | Dr. | 10,000 | |||
| To Sunil A/c | 25,000 | ||||
| (Being final installment of 30% received from Sunil) | |||||
| May 20 | Cash A/c | Dr. | 49,000 | ||
| Bad debts A/c | Dr. | 21,000 | |||
| To Anup A/c | 70,000 | ||||
| (Being cash received from Anup) | |||||
| May 25 | Cash A/c | Dr. | 81,000 | ||
| Bad debts A/c | Dr. | 9,000 | |||
| To Sita A/c | 90,000 | ||||
| (Being cash received from Sita) | |||||
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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