Question no 37 Chapter No 16 - Unimax Class 11

The solution of Question No 37 Chapter No 16 - UNIMAX Class 11

Trading and Profit & Loss A/c                                    For the year ended 31st March, 2020
Particulars		Amount	Particulars		Amount
To Opening stock		69,680	By sales	3,56,430
To purchases		2,56,590	Less: Returns	2,780	3,53,650
To Wages		1,15,370	By Closing stock		1,28,960
To Gross Profit		1,15,370
(transferred to P & L A/c)
		4,82,610			4,82,610
To Repairs & Renewals		3,370	By Gross Profit b/d		1,15,370
To Interest & Discount		6,870	By Commission received		5,640
To Rent & Taxes		5,620
To Salaries		11,000
To Travelling exp.		1,880
To Insurance	400
Less: Prepaid insurance	150	250
To Dep. On plant& Machinery		1,440
To Dep. Fitting & Fixtures		897
To Bad debts	3,620
Add: Further bad debts	500	4,120
To Net Profit (transferred to Capital A/c)		86,563
		1,21,010			1,21,010

Balance Sheet 
As on 31st March,2020

Liabilities		Amount	Assets		Amount
Capital	99,400		Bills receivable		9,500
Add: Net Profit	89,563		Plant & Machinery	28,800
Less: Drawings	10,550	1,75,412	Less: Depreciation	1,440	27,360
Loan		20,000	Sundry debtors	62,000
Sundry creditors		69,630	Less: Madan’s Bill	500	61,500
Outstanding interest			Cash		10,530
			Bank		18,970
			Fixtures & Fitting	8,970
			Less: Depreciation	897	8,073
			Closing stock		1,28,960
			Prepaid insurance		150
		2,65,043			2,65,043

Note. It has been assumed that the items interest and discounts (Dr.) amounting to ₹ 5,870, include interest on loan of ₹ 20,000 @ 6% p.a. So, there is no outstanding amount of interest on loan.

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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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