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Question 37 Chapter 4 – Unimax Publications of Class 11
37, Journalise the following transactions: 81
(a) Goods worth Rs. 2,600 were given away as charity.
(b)Goods worth Rs. 1,400 were distributed as free samples.
(c) Goods worth Rs. 1,500 were used by proprietor for his personal use.
(d) Goods worth Rs. 6,000 were destroyed by fire and the insurance company admitted claim of Rs. 4,200.
(e) Goods worth Rs. 6,000 were destroyed in a fire. Stock of goods was insured against. fire to the extent of 90% of their value. Insurance company paid proportionate claim in cash.
(f) Goods uninsured worth Rs. 3,600 were destroyed by fire.
The solution of Question 37 Chapter 4 – Unimax Publications of Class 11:
JOURNAL
| Date | Particulars | L.F. | Debit | Credit | |
| (a) | Charity A/c | Dr. | 2,600 | ||
| To Purchases A/c | 2,600 | ||||
| (Being goods given away as charity) | |||||
| (b) | Advertisement A/c | Dr. | 1,400 | ||
| To Purchases A/c | 1,400 | ||||
| (Being goods given away as free samples) | |||||
| (c) | Drawings A/c | Dr. | 1,500 | ||
| To Purchases A/c | 1,500 | ||||
| (Being goods withdrawn for personal use) | |||||
| (d) | Insurance Claim A/c | Dr. | 4,200 | ||
| Loss by fire A/c | Dr. | 1,800 | |||
| To Purchases A/c | 6,000 | ||||
| (Being goods destroyed by fire and insurance company admitted claim of 4,200) | |||||
| (e) | Cash A/c | Dr. | 5,400 | ||
| Loss by fire A/c | Dr. | 600 | |||
| To Purchases A/c | 6,000 | ||||
| (Being goods lost.by fire and insurance company admitted claim of 90% value and received by cash) | |||||
| (f) | Loss by fire A/c | Dr. | 3,600 | ||
| To Purchases A/c | 3,600 | ||||
| (Being goods lost by fire which were not insured) | |||||
| Grand Total | 21,100 | 21,100 | |||
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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