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Question 3 Chapter 6 – Unimax Publications of Class 11
3. Enter the following transactions in Journal of Manpreet and post them into Ledger.
2023
Feb.1 Received cash on account of sale Rs. 80,000 & Interest Rs. 7,000.
Feb. 7 Received cheques on account of sales Rs. 60,000; rent Rs. 80,000 and commission Rs. 25,000.
Feb. 25 Paid by cheques on account of Interest Rs. 18,000; Furniture Rs. 68,000 and Purchase of goods Rs. 70,000
The solution of Question 3 Chapter 6 – Unimax Publications of Class 11 :
JOURNAL OF MANPREET
| Date | Particulars | L.F. | Debit | Credit | |
| 2023 | |||||
| Feb. 1 | Cash Account | Dr. | 87,000 | ||
| To Sales Account | 80,000 | ||||
| To Interest Received Account | 7,000 | ||||
| (Being cash received on account of sale and Interest) | |||||
| Feb. 7 | Bank Account | Dr. | 1,65,000 | ||
| To Sales Account | 60,000 | ||||
| To Rent Received Account | 80,000 | ||||
| To Commission Received Account | 25,000 | ||||
| (Being cheque received on account of Sales, Rent and 18,000Commission) | |||||
| Feb. 25 | Interest Account | Dr. | 18,000 | ||
| Building Account | 68,000 | ||||
| Purchase Account | 70,000 | ||||
| To Bank Account | 1,56,000 | ||||
| (Being cheque paid on account of Interest, Building, Purchases) |
LEDGER :
CASH ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb.1 | To Sales A/c | 80,000 | |||
| To Interest Received A/c | 7,000 |
SALES ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb.1 | By Cash A/c | 80,000 | |||
| Feb.7 | By Bank A/c | 60,000 |
INTEREST RECEVED ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb.1 | By Cash A/c | 7,000 |
BANK ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | 2023 | ||||
| Feb. 7 | To Sales Account | 60,000 | Feb. 25 | By Interest Account | 18,000 |
| Feb. 7 | To Rent Account | 80,000 | Feb. 25 | By Building Account | 68,000 |
| Feb. 7 | To Commission Received | 25,000 | Feb. 25 | By Purchase Account | 70,000 |
RENT RECEIVED ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb. 7 | By Bank A/c | 80,000 |
COMMISSION RECEIVED ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb. 7 | By Bank A/c | 25,000 |
PURCHASE ACCOUNT
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| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb. 25 | To Bank A/c | 70,000 |
INTEREST ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb. 25 | To Bank A/c | 18,000 |
BUILDING ACCOUNT
| Date | Particulars | Amount | Date | Particulars | Amount |
| 2023 | |||||
| Feb. 25 | To Bank A/c | 68,000 |
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.
Question 8 Chapter 6 – 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.
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