Chapter No. 3 – Vouchers and Transactions – Unimax Publications Class 11 – 2021

In this article, We have provided the Question wise solution of all Questions of Chapter No. 3 – Vouchers and Transactions – Unimax Publications Class 11 – 2021, Vouchers and Transaction are also known as Accouting Equation so first of all, we have explained the meaning of Accounting Equation: – 

Free Accounting book Solution - Class 11 and Class 12

What is the Accounting Equation:

Accounting Equation is the basis of the double-entry system of accounting. The double-entry system means every business transaction has two aspects one is the Debit and another is the Credit. Example: – If we want to buy something like coke, pizza or burger we have to pay cash for these items, So in this transaction, we are receiving food and paying cash which means we are doing two jobs, that is why it is called double-entry system.

In the double-entry system, every Debit amount should be equal to the Credit amount Because :
The Business can receive cash or assets from two sources, one from an owner and another is a third party. When it received from an owner this is called Capital and when receiving from third parties then it is called liabilities.

So, in Accounting Equation, Cash or Assets always Equal to Capital and Liabilities of the Business.

Assets = Liabilities + Capital

For more Explanation please check out the following link: –

What is Accounting Equation | Example

Check Meaning of Accounting Equation in Hindi from the following link:

What is the Accounting Equation- In Hindi

Chapter No. 3 – Vouchers and Transactions – Unimax Publications Class 11 – 2021 – Solution:

Question wise solution of all Questions of Chapter No. 3 – Vouchers and Transactions – Unimax Publications Class 11 – 2021 – Solution are shown below: –

Q 1 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 1 Chapter 3 - Unimax 1. If the capital of a business is Rs. 1,20,000 and liabilities are Rs ...
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Q 2 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 2 Chapter 3 - Unimax 2. From the following information, calculate the total assets of the business capital 7,50,000 ...
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Q 3 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 3 Chapter 3 - Unimax 3. Calculate Total equity if: Owner's equity in the beginning is Rs. 1,20,000 equity ...
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Q 4 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 4 Chapter 3 - Unimax 4. A commenced his cloth business on 1st April, 2020 with a capital of ...
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Q 5 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 5 Chapter 3 - Unimax 5. Manmeet started a business on 1 April, 2020 with a capital of 90,000 ...
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Q 6 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 6 Chapter 3 - Unimax 6. On 31st March, 2021 the total assets and external Liabilities were Rs. 3,00,000 ...
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Q 7 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 7 Chapter 3 - Unimax 7. Prepare the accounting equations on the basis of following transactions:(i) X commenced business ...
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Q 8 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 8 Chapter 3 - Unimax 8. Prepare accounting equation on the basis of the following: (i) Sahil started business ...
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Q 9 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 9 Chapter 3 - Unimax 9. Prepare Accounting equation on the basis of following: (i) Mandeep started business with ...
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Q 10 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 10 Chapter 3 - Unimax 10. Prove that the accounting equation is satisfied in all the following transactions Sandeep ...
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Q 11 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 11 Chapter 3 - Unimax 11. Prepare accounting equation on the basis of following transaction. (i) Started business with ...
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Q 12 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 12 Chapter 3 - Unimax 12. Show the accounting equation on the basis of following transaction.(i)  Commenced business with ...
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Q 13 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 13 Chapter 3 - Unimax 13. Prepare accounting equation on the basis of following transaction. (i) Anant started business ...
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Q 14 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 14 Chapter 3 - Unimax 14. Show the effect of following transactions on Accounting equation. George started business with ...
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Q 18 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
18. Prepare accounting equations on the basis of following transactions :(i)Commenced business with cash RS. 75,000(ii) Rent paid in advance ...
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Q 14 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 14 Chapter 3 - Unimax 14. Show the effect of following transactions on Accounting equation. (a) George started business ...
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Q 15 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 15 Chapter 3 - Unimax 15. Show the effect of the following transactions on acing Equation. 1) Rahul commenced ...
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Q 16 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 16 Chapter 3 - Unimax 16 Prepare the accounting action from the following:(i)  Started business with cash Rs. 6,00,000.(ii) ...
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Q 18 CH 3 Solution min 1 - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 18 Chapter 3 - Unimax 18. Prepare accounting equations on the basis of following transactions :(i)Commenced business with cash ...
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Q 20 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 20 Chapter 3 - Unimax 20. Aviral has the following transactions. Use accounting equations to show their his assets, ...
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Q 21 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 21 Chapter 3 - Unimax 21. Show the accounting equation on the basis of following transactions:(i) Anant started business ...
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Q 22 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 22 Chapter 3 - Unimax 22. Gaurav had the following transactions. Use accounting equations to show their effect his ...
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Q 23 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 23 Chapter 3 - Unimax 23. Prepare the Accounting Equation on the basis of the following: Rs. 1. Sahib ...
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Q 24 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 24 Chapter 3 - Unimax 24. Prepare the accounting equation of Sunny for 2020-2021.(a)Sunny started business with bank balance ...
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Q 26 CH 3 Solution min - Chapter No. 3 - Vouchers and Transactions - Unimax Publications Class 11 – 2021
Question 26 Chapter 3 - Unimax 26. Present the following transactions in the Accounting Equation: 1. Ram started business with ...
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