Question no 32 Chapter No 15 - Unimax Class 11

The solution of Question No 32 Chapter No 15 - UNIMAX Class 11

Trading A/c, Profit & Loss A/c for the year ended 31st March, 2020

Particular		Amount	Particular		Amount
To Opening stock		45,000	By Sales	3,78,000
To Purchases	3,15,000		Less return	6,000	3,72,000
Less return	3,000	3,12,000	By Closing stock		25,200
To Carriage Inward		600
To Wages & Salaries		2,400
To Gross profit c/d		37,200
(and transferred to P & L A/c)
		3,97,200			3,97,200
To Carriage outwards		1,200	By Gross Profit b/d		37,200
To Salaries and Wages		12,000	By Discount		600
To Discount		1,200	By Commission		1,200
To Commission		900	By Interest (interest on invest given)		1,800
To Interest		1,500	By Misc. Income		900
To Rent, Rates and Taxes		1,800
To Repairs		360
To Insurance		2,160
To Printing and Stationery		360
To Water and Electricity		720
To Postage and Telegrams		300
To Travelling expenses		960
To Conveyance charges		720
To Entertainment expenses		720
To Staff welfare expenses		720
To Sales promotion expenses		1,440
To Bad debts		600
To Depreciation		12,000
To Miscellaneous expenses /income		600
To Net Profit c/d		1,440
(and transferred capital)
		41,700			41,700

BALANCE SHEET OF SHRI RAM AS ON 31st March, 2020

Liabilities		Amount	Assets		Amount
Capital	3,00,000		Land and Building		85,500
Add net profit	1,440		Plant & Machinery		25,500
Less Drawing	6,000	2,95,440	Furniture & Fixture		28,500
Sales tax collected		2,400	Motor Vehicles		28,500
Creditors		30,000	Debtors		1,23,000
Loan		32,400	Bills receivable		6,000
bills payable		960	Investments		30,000
			Cash in hand		3,000
			Cash at bank		6,000
			Closing stock		25,200
		3,61,200			3,61,200

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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 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 

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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