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Question 41 Chapter 4 – Unimax Publications of Class 11

Question 41 Chapter 4 – Unimax Publications of Class 11

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Question 41 Chapter 4 – Unimax Publications of Class 11

41. Journalise:
(a). Machinery costing Rs. 25,000 is sold for Rs. 20,500.
(b) Goods costing Rs. 4,500 were sold for Rs. 6,000
(c) Money received for sale proceeds of old newspapers and magazines Rs. 220
(d) Money paid for subscribing newspapers and magazines Rs. 135.
(e) Paid Rs. 600 in cash as wages for installation of machinery.

The solution of Question 41 Chapter 4 – Unimax Publications of Class 11:

JOURNAL

DateParticulars L.F.DebitCredit
      
(a)Cash A/cDr. 20,500 
 Profit & Loss A/cDr. 4,500 
 To Machinery A/c   25,000
 (Being machinery sold and loss suffered)    
      
(b)Cash A/cDr. 6,000 
 To Sales A/c   6,000
 (Being goods sold for cash)    
      
(c)Cash A/cDr. 220 
 To Miscellaneous receipts A/c   220
 (Being cash received from sale of old newspapers and magazines)    
      
(d)Sundry expenses A/cDr. 135 
 To Cash A/c   135
 (Being cash paid for subscribing newspapers and magazines)    
      
(e)Machinery A/cDr. 600 
 To Cash A/c   600
 (Being cash paid for installation of machinery)   
 Grand Total 31,95531,955

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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