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Question 19 Chapter 4 – Unimax Publications of Class 11

Question 19 Chapter 4 – Unimax Publications of Class 11

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Question 19 Chapter 4 – Unimax Publications of Class 11

19. Enter the following transactions in the Books of Yogesh.
June 2 Goods destroyed by flood Rs. 20,000. Goods were uninsured.
June 3 Goods destroyed by fire Rs. 30,000. Insurance Company paid claim Rs. 20,000
cheque.
June 7 Goods destroyed by fire Rs. 40,000. Insurance Company admitted 80% claim.
June 8 Goods destroyed in transit Rs. 30,000. Insurance Company admitted the full claim
June 17 Cash stolen from cash box Rs. 14,000.
June 19 Cash stolen from the cash box Rs. 50,000, Rs. 30,000 could be recovered the same day.
June 23 Goods Lost by embezzlement Rs. 37,000.

The solution of Question 19 Chapter 4 – Unimax Publications of Class 11:

BOOKS OF YOGESH

DateParticularsL.F.DebitCredit
2021     
June 2Loss by flood A/cDr. 20,000 
 To Purchases A/c   20,000
 (Being goods destroyed by flood)    
      
June 3Bank A/cDr. 20,000 
 Loss by fire A/cDr. 10,000 
 To Purchases A/c   30,000
 (Being goods destroyed by fire, the insurance company paid the Claim)    
      
June 7Insurance Company A/cDr. 32,000 
 Loss by fire A/c  8,000 
 To Purchases A/c   40,000
 (Being goods destroyed by fire & Insurance company admitted the claim)    
      
June 8Insurance Company A/cDr. 30,000 
 To Purchases A/c   30,000
 (Being goods destroyed by fire and full claim admitted by Insurance company)    
      
June 17Loss by embezzlement A/cDr. 14,000 
 To Cash A/c   14,000
 (Being cash stolen from cash box)    
      
June 19Loss by embezzlement A/cDr. 20,000 
 To Cash A/c   20,000
 (Being cash stolen from cash box 50,000 and 30,000 Recovered same day)    
      
June 23Loss by embezzlement A/cDr. 37,000 
 To Purchases A/c   37,000
 (Being goods loss by embezzlement)   

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

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2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

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