Advertisement
Question 26 Chapter 4 – Unimax Publications of Class 11
26. Journalise the following transactions:
2021
June 1 Kanu started business with capital of Rs. 80,000
June 3 Bought furniture for cash Rs. 12,000
June 5 Bought goods from Varun Rs. 27,000
June 5 Deposited into bank Rs. 18,000
June 6 Sold goods to Tarun Rs. 15,000
June 7 Returned goods by Tarun Rs. 5,000
June 9 Returned goods to Varun Rs. 4,000
June 10 Cash received from Tarun Rs. 10,000
June 12 Money withdrawn from bank Rs. 4,000
June 15 Cash paid to Varun Rs. 8,000
June 16 Sold goods for cash Rs. 20,000
June 18 Cash paid to Varun Rs. 15,000
June 28 Paid rent Rs. 2,500 and salaries Rs. 4,500
June 30 Cash deposited into bank Rs. 12,000
The solution of Question 26 Chapter 4 – Unimax Publications of Class 11:
BOOKS OF KANU JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| June 1 | Cash A/c | Dr. | 80,000 | ||
| To Kanu’s Capital A/c | 80,000 | ||||
| (Being started business with cash) | |||||
| June 3 | Furniture A/c | Dr. | 12,000 | ||
| To Cash A/c | 12,000 | ||||
| (Being bought furniture for cash) | |||||
| June 5 | Purchases A/c | Dr. | 27,000 | ||
| To Varun’s A/c | 27,000 | ||||
| (Being bought goods from Varun) | |||||
| June 5 | Bank A/c | Dr. | 18,000 | ||
| To Cash A/c | 18,000 | ||||
| (Being cash deposited in bank) | |||||
| June 6 | Tarun’s A/c | Dr. | 15,000 | ||
| To Sales A/c | 15,000 | ||||
| (Being sold goods to Tarun) | |||||
| June 7 | Sales Returns A/c | Dr. | 5,000 | ||
| To Tarun’s A/c | 5,000 | ||||
| (Being goods returned by Tarun) | |||||
| June 9 | Varun’s A/c | Dr. | 4,000 | ||
| To Purchases Returns A/c | 4,000 | ||||
| (Being goods returned to Varun) | |||||
| June 10 | Cash A/c | Dr. | 10,000 | ||
| To Tarun’s A/c | 10,000 | ||||
| (Being cash received from Tarun) | |||||
| June 12 | Cash A/c | Dr. | 4,000 | ||
| To Bank A/c | 4,000 | ||||
| (Being cash withdrawn from bank) | |||||
| June 15 | Varun’s A/c | Dr. | 8,000 | ||
| To Cash A/c | 8,000 | ||||
| (Being cash paid to Varun) | |||||
| June 16 | Cash A/c | Dr. | 20,000 | ||
| To Sales A/c | 20,000 | ||||
| (Being sold goods for cash) | |||||
| June 18 | Varun’s A/c | Dr. | 15,000 | ||
| To Cash A/c | 15,000 | ||||
| (Being cash paid to Varun) | |||||
| June 28 | Rent A/c | Dr. | 2,500 | ||
| Salaries A/c | Dr. | 4,500 | |||
| To Cash A/c | 7,000 | ||||
| (Being paid rent and salaries) | |||||
| June 30 | Bank A/c | Dr. | 12,000 | ||
| To Cash A/c | 12,000 | ||||
| (Being cash deposited in bank) | |||||
| Grand Total | 2,37,000 | 2,37,000 | |||
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