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Question No 01 Chapter No 17 - Unimax Class 11
Anurag Keeps incomplete records of his business. He gives you the following information for the year ended 31st March,2020:
| ₹ | |
|---|---|
| Capital at the beginning of the year | 8,00,000 |
| Capital at the end of the year | 7,00,000 |
| Drawings made during the year | 3,50,000 |
| Additional capital introduced during the year | 40,000 |
You are required to calculate profit and loss made during the year
Statement of Profit & Loss
For the year ending 31st March,2020
| ₹ | |
|---|---|
| Capital at the end | 7,00,000 |
| Add: Drawings | 3,50,000 |
| 10,50,000 | |
| Less: Additional capital introduced | 40,000 |
| 10,10,000 | |
| Less: capital at the beginning | 8,00,000 |
| Profit made during the year | 2,10,000 |
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Also, Check out the solved question of all Chapters: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication4
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 no 01 Chapter No 17 - Unimax Class 11", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax class 11 - 2021.
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.
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