Advertisement
Question 30 Chapter 4 – Unimax Publications of Class 11
30. Journalise the following transactions:
(i) Withdrew cash from office for personal use Rs. 2500
(ii) Received commission Rs. 7000
(iii) Wages paid by cheque Rs. 1,200
(iv) Withdrew cash from bank for office use Rs. 1,600
(v) Dividend received through cheque Rs. 650
(vi) Purchased machinery from X& Co. Rs. 10,000
(vii) Provide 8% depreciation on machinery costing Rs. 25,000.
The solution of Question 30 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| (i) | Drawings A/c | Dr. | 2,500 | ||
| To Cash A/c | 2,500 | ||||
| (Being withdrawn cash for personal use) | |||||
| (ii) | Cash A/c | Dr. | 700 | ||
| To Commission A/c | 700 | ||||
| (Being commission received) | |||||
| (iii) | Wages A/c | Dr. | 1,200 | ||
| To Bank A/c | 1,200 | ||||
| (Being paid wages by cheque) | |||||
| (iv) | Cash A/c | Dr. | 1,600 | ||
| To Bank A/c | 1,600 | ||||
| (Being cash withdrawn from Bank for office use) | |||||
| (v) | Bank A/c | Dr. | 650 | ||
| To Dividend A/c | 650 | ||||
| (Being dividend received by cheque) | |||||
| (vi) | Machinery A/c | Dr. | 10,000 | ||
| To X & Co. A/c | 10,000 | ||||
| (Being machinery purchased from X & Co.) | |||||
| (vii) | Depreciation A/c | Dr. | 2,000 | ||
| To Machinery A/c | 2,000 | ||||
| (Being charged depreciation on machinery) | |||||
| Grand Total | 18,650 | 18,650 | |||
Advertisement