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Question 48 Chapter 4 – Unimax Publications of Class 11
48. Journalise the following transactions in the books of Mahesh.
2021
Dec.1 Mahesh invested Rs. 2,50,000 in business of general store
Dec. 3 Paid into current account Rs. 1,10,000
Dec. 5 Purchased goods for Rs. 50,000 and paid Rs. 2,000 for carriage on these goods.
Dec. 6 Purchased goods for Rs. 75,000 from Ramesh and paid Rs. 1,400 for carriage on these goods.
Dec.10 Purchased machinery for Rs. 12,000 and spent Rs. 200 for its carriage.
Dec. 11 Received an order of goods for Rs. 1,40,000 from Madhav
Dec. 14 Payment made to Ramesh by cheque after getting 10% discount for prompt payment
Dec. 20 Additional cash introduced by proprietor Rs. 40,000
Dec. 16 Madhav’s order was executed and cartage Rs. 400 was paid in this connection
Dec. 24 Purchased goods from Rohan for Rs. 30,000 and the payment was made by cheque
The solution of Question 48 Chapter 4 – Unimax Publications of Class 11:
JOURNAL OF MAHESHI
| Date | Particulars | L.F. | Debit | Credit | |
| 2021 | |||||
| Dec. 1 | Cash A/c | Dr. | 2,50,000 | ||
| To Capital A/c | 2,50,000 | ||||
| (Being cash introduced as capital and business started) | |||||
| Dec. 3 | Bank A/c | Dr. | 1,10,000 | ||
| To Cash A/c | 1,10,000 | ||||
| (Being cash paid into bank) | |||||
| Dec. 5 | Purchases A/c | Dr. | 50,000 | ||
| Carriage A/c | 2,000 | ||||
| To Cash A/c | 52,000 | ||||
| (Being goods purchased and carriage paid for cash) | |||||
| Dec. 6 | Purchases A/c | Dr. | 75,000 | ||
| To Ramesh’s A/c | 75,000 | ||||
| (Being goods purchased from Ramesh) | |||||
| Dec. 6 | Carriage A/c | Dr. | 1,400 | ||
| To Cash A/c | 1,400 | ||||
| (Being carriage paid on goods purchased from Ramesh) | |||||
| Dec. 10 | Sales Returns A/c | Dr. | 12,200 | ||
| To Cash A/c | 12,200 | ||||
| (Being machinery purchased and carriage paid) | |||||
| Dec. 14 | Machinery A/c | Dr. | 75,000 | ||
| To Cash A/c | 67,500 | ||||
| To Discount A/c | 7,500 | ||||
| (Being payment made to Ramesh and discount received) | |||||
| Dec. 16 | Madhav A/c | Dr. | 1,40,000 | ||
| To Sales A/c | 1,40,000 | ||||
| (Being goods sold to Madhav) | |||||
| Dec. 16 | Carriage outwards A/c | Dr. | 400 | ||
| To Cash A/c | 400 | ||||
| (Being cartage paid in connection with goods sold) | |||||
| Dec. 20 | Cash A/c | Dr. | 40,000 | ||
| To Capital A/c | 40,000 | ||||
| (Being further cash introduced by proprietor) | |||||
| Dec. 24 | Purchases A/c | Dr. | 30,000 | ||
| To Bank A/c | 30,000 | ||||
| (Being goods purchased and payment made by cheque) | |||||
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.
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