Question no 22 Chapter No 16 - Unimax Class 11

(1) Stock of goods 31.12.2019 ₹ 15,000.
(2) Building and Furniture are to be depreciation 2 10% and 20% respectively.
(3) Bad debts ₹ 1,000 are to be written off reserve of 5% is to be kept on remaining debtors.
(4) Commission received in advance ₹ 1,000.

The solution of Question No 22 Chapter No 16 - UNIMAX Class 11

Trading and Profit & Loss A/c of UDHAM Singh For the year ended 31st Dec., 2019

Particulars		Amount	Particulars			Amount
To Opening stock		10,000	By sales		90,000
To purchases	70,000		Less: Returns inwards		3,000	87,000
Less: Returns outwards	4,000		closing stock			15,000
To Carriage Inwards		800
To Gross Profit  (transferred to P & L A/c)		25,200
		1,02,000				1,02,000
To Salaries		11,000	By Gross Profit b/d			25,200
To Sundry Trade expenses		6,000	By Commission		2,000
To interest		500	Less: Advance commission		1,000	1,000
To Insurance	1,000
Less: Prepaid insurance	500	500
To Telephone charge		500
To Bad debts	1000
Add; New Reserve for bad debts	1,450
Less: Old bad debts reserve	2,000	450
To Depreciation on Building		3,000
To Depreciation on Furniture		1,400
To Net Profit (Transferred to capital)		2,850
		26,200				26,200

Balance Sheet OF UDHAM SINGH as on 31st Dec 2019

Liabilities		Amount	Assets		Amount
Capital	30,000		Cash in hand		4,000
Add: Net Profit	2,850	32,850	Building	30,000
Sundry creditors		21,000	Less: Depreciation	3,000
Advance commission		1,000	Furniture Fitting	7,000
Bank Overdraft		25,000	Less: Depreciation	1,400
			Sundry debtors	30,000
			Less: Bad debts	1,000
				29,000
			Less: New reserve for bad debts	1,450	27,550
			Petty cash and stamps in hand		200
			Prepaid insurance		500
			Closing stock		15,000
		79,850			79,850

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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 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 

Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Chapter No. 1 - Introduction

Chapter No. 2 - Theory Base of Accounting 

Chapter No. 3 - Origin of Transactions

Chapter No. 4 - Vouchers and transactions

Chapter No. 5 - Journal

Chapter No. 6 - Accounting for Goods and Services Tax(GST)

Chapter No. 7 - Ledger

Chapter No. 8 - Cash Book

Chapter No. 9 - Other Subsidiary Books

Chapter No. 10 - Journal Proper

Chapter No. 11 - Trial Balance

Chapter No. 12 - Bank Reconciliation Statement

Chapter No. 13 - Depreciation

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)

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