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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 18 Chapter No 17 – Class 11 Unimax
Ascertain the value of closing stock from the following particulars:
| ₹ | |
|---|---|
| Stock in the beginning | 30,000 |
| Purchases | 1,00,000 |
| Sales | 2,00,000 |
| Sales returns | 8,000 |
| Productive expenses | 2,50,000 |
| Rate of gross profit on cost | 20% |
| Particulars | Amount | Particulars |
Amount | |
|---|---|---|---|---|
| To Opening stock | 30,000 | By Sales A/c | 2,00,000 | |
| To Purchases | 1,00,000 | By Sales returns | 8,000 | 1,92,000 |
| To Productive expenses | 2,50,000 | By closing stock (Balance figure) | 2,26,400 | |
| To Gross Profit (20%on 1,92,000) | 38,400 | |||
| 4,18,400 | 4,18,400 | |||
Economics Educator
Mrs. Dilgeerjot Kaur holds a B.Com and M.Com degree and has over 9 years of teaching experience in microeconomics, macroeconomics, and business economics.
This guide covers "Question 18 Chapter No 17 – Class 11 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 17 - Accounts from Incomplete Records - Single Entry System - Unimax.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 18 Chapter No 17 – Class 11 Unimax" instantly.
