Problem 3 Chapter 6 - Unimax Publications of Class 11

Problem 3 Chapter 6 - Unimax

PROBLEM 3.
Shrey was doing business as a ready made garments dealer . On 1st April , 2020 , his assets and liabilities were .]

Cash	10,000
Bank	15,000
Stock	50,000
Machinery	40,000
Due from Mohan	7,200
Due from Karan	11,800
Due to Sahil	16,000

Pass the opening entry and post it into ledger.

The solution of Problem 3 Chapter 6 - Unimax:

SHREY'S JOURNAL

Date	Particulars		L.F.	Debit	Credit
2020
April 1	Cash A/C	Dr.		10,000
	Bank A/C	Dr.		15,000
	Stock A/C	Dr.		50,000
	Machinery A/C	Dr.		40,000
	Mohan's A/C	Dr.		7,200
	Karan's A/C	Dr.		11,800
	To Sahil's A/C				16,000
	To Capital A/C				1,18,000
	(Being opening entry passed)

 

 CASH ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	10,000
		10,000

 BANK ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	15,000
		15,000

STOCK ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	50,000
		50,000

MACHINERY ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	40,000
		40,000

MOHAN’S ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	7,200
		7,200

KARAN’S ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	11,800
		11,800

SAHIL’S ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2020
			April 1	By balance b/d	16,000
					16,000

CAPITAL ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2020
			April 1	By balance b/d	1,18,000
					1,18,000

This is all about the Problem 3 Chapter 6 - Unimax. You can check out the following article to better understand:

Ledger balancing or Closing of ledger account | Ledger

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Ledger balancing or Closing of ledger account | Ledger - In Hindi

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You can also Check out the solved question of other Chapters: -

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• 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

Students may Choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 – Financial Statements (Without Adjustments)
• Chapter No. 16 – Financial Statements (With Adjustments)
• Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

• Chapter No. 18 – Introduction to Computers and Accounting information System
• Chapter No. 19 – Computerised Accounting
• Chapter No. 20 – Accounting Software : Tally
• Chapter No. 21 – Data Base System
• Chapter No. 22 – Concept of Entity and Relationship

You can also Check out the other Books' Solution: -

• Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
• T.S. Grewal’s Double Entry Book Keeping (Class +1) – Solution
• D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution