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Question 24 Chapter 4 – Unimax Publications of Class 11
24. Journalise following transactions.
2021
May 1 M/s Brij Narain of Delhi commenced business as book sellers. With a capital of Rs. 40,000
May 4 Bought furniture for shop Rs. 800
May 5 Bought books and papers worth Rs. 22,500 in cash.
May 6 Sold books and paper for cash Rs. 15,000
May 7 Purchased books from Maneesha Rs. 12,000
May 12 Sold goods to Nisha Rs. 4,500
May 14 Sold goods to University Library for cash Rs. 9,500
May 15 Paid cash to Maneesha Rs. 12,000
May 20 Purchased books from Shallu Rs. 4,000
May 22 Sold goods for cash Rs. 6,000
May 24 Paid cash to Shallu Rs. 4,000
May 30 Paid Rent Rs. 2,400 and salaries Rs. 2,000.
The solution of Question 24 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| May 1 | Cash A/c | Dr. | 40,000 | ||
| To Capital A/c | 40,000 | ||||
| (Being commenced business as book sellers with cash) | |||||
| May 4 | Furniture A/c | Dr. | 800 | ||
| To Cash A/c | . | 800 | |||
| (Being bought furniture for shop) | |||||
| May 5 | Purchases A/c | Dr. | 22,500 | ||
| To Cash A/c | 22,500 | ||||
| (Being bought books and papers for cash) | |||||
| May 6 | Cash A/c | Dr. | 15,000 | ||
| To Sales A/c | 15,000 | ||||
| (Being sold books and papers for cash) | |||||
| May 7 | Purchases A/c | Dr. | 12,000 | ||
| To Maneesha’s A/c | 12,000 | ||||
| (Being purchased books from Maneesha) | |||||
| May 12 | Nisha’s A/c | Dr. | 4,500 | ||
| To Sales A/c | 4,500 | ||||
| (Being goods sold to Nisha) | |||||
| May 14 | Furniture A/c | Dr. | 9,500 | ||
| To Sales A/c | 9,500 | ||||
| (Being goods sold to University Library for cash) | |||||
| May 15 | Maneesha’s A/c | Dr. | 12,000 | ||
| To Cash A/c | 12,000 | ||||
| (Being cash paid to Maneesha) | |||||
| May 20 | Purchases A/c | Dr. | 4,000 | ||
| To Shallu’s A/c | 4,000 | ||||
| (Being purchased books from Shallu) | |||||
| May 22 | Cash A/c | Dr. | 6,000 | ||
| To Sales A/c | 6,000 | ||||
| (Being sold goods for cash) | |||||
| May 24 | Shallu’s A/c | Dr. | 4,000 | ||
| To Cash A/c | 4,000 | ||||
| (Being paid cash to Shallu) | |||||
| May 30 | Rent A/c | Dr. | 2,400 | ||
| Salaries A/c | Dr. | 2,000 | |||
| To Cash A/c | 4,400 | ||||
| (Being paid rent and salaries in cash) | |||||
| Grand Total | 1,34,700 | 1,34,700 | |||
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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