Question 6 Chapter 6 - Unimax Publications of Class 11

Question 6 Chapter 6 - Unimax

6. Pass the Opening Entry on 1 April, 2020 on the basis of the following information taken from the books of Mr. Dinesh. Also, post the opening entry:

	Rs.
Cash in Hand	20,000
Sundry Debtors	60,000
Stock of Goods	40,000
Input IGST Account	15,000
Input SGST Account	5,000
Plant	50,000
Land and Building	1,00,000
Sundry Creditors	1,00,000

The solution of Question 6 Chapter 6 - Unimax:

IN THE BOOKS OF MR. DINESH JOURNAL

Date	Particulars		L.F.	Debit	Credit
2020
April 1	Cash A/C	Dr.		20,000
	Sundry Debtors A/c	Dr.		60,000
	Stock A/C	Dr.		40,000
	Input IGST A/C	Dr.		15,000
	Input SGST A/C	Dr.		5,000
	Plant A/C	Dr.		50,000
	Land and Building A/C	Dr.		1,00,000
	To Sundry Creditors A/C				1,00,000
	To Capital A/C (Note 1)				1,90,000
	(Being the last year's balances brought forward)

Notes: 1. The excess of assets over liabilities is the proprietor's capital and is credited Capital Account.
2. Input IGST Account and Input SGST Account have debit balance

LEDGER :

CASH ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To Balance b/d	20,000

SUNDRY DEBTORS ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To balance b/d	60,000

STOCK ACCOUNT

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

INPUT IGST ACCOUNT

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

INPUT SGST ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To balance b/d	5,000

PLANT ACCOUNT

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

LAND AND BUILDING ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
2020
April 1	To balance b/d	1,00,000

SUNDRY CREDITORS ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2020
			April 1	By Balance b/d	1,00,000

CAPITAL ACCOUNT

Date	Particulars	Amount	Date	Particulars	Amount
			2020
			April 1	By balance b/d	1,90,000

This is all about the question 6 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