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Question 34 Chapter 4 – Unimax Publications of Class 11

Question 34 Chapter 4 – Unimax Publications of Class 11

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Question 34 Chapter 4 – Unimax Publications of Class 11

34. Pass journal entries in the following cases
(a) Charge interest on drawings Rs. 1,050
(b) Provide 8% interest on capital amounted to Rs, 1,00,000
(c) Goods worth Rs. 2,300 were used by proprietor for personal use
(d) Charge 6% depreciation on machinery costing Rs. 1,50,000
(e) Received RS. 450 from Y as commission
(f) Paid Rs. 600 to X on account.

The solution of Question 34 Chapter 4 – Unimax Publications of Class 11:

JOURNAL

DateParticulars L.F.DebitCredit
2021     
(a)Drawings A/cDr. 1,050 
 To Interest on drawings A/c   1,050
 (Being charged interest on drawings)    
      
(b)Depreciation A/cDr. 8,000 
 To Capital Ac   8,000
 (Being charged interest on capital)    
      
(c)Drawings A/cDr. 2,300 
 To Purchases A/c   2,300
 (Being goods used by Proprietor for personal use)    
      
(d)Depreciation A/cDr. 9,000 
 To Machinery A/c   9,000
 (Being charged depreciation on machinery)    
      
(e)Cash A/cDr. 450 
 To Commission A/c   450
 (Being cash received as commission)    
      
(f)X’s A/cDr. 600 
 To Cash A/c   600
 (Being paid to X)    
 Grand Total 21,40021,400

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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