Question no 40 Chapter No 16 - Unimax Class 11

The solution of Question No 40 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		1,01,220	By sales	5,72,140
To purchases	2,92,620		Less: Returns	3,210	5,68,930
Less: Return	4,290	2,88,330	By Closing stock		1,06,700
To Wages	1,03,140
Add: O/S wages	3,000	1,06,140
To Manuf. Expenses		4,710
To Coal & Power		12,760
To Gross Profit		1,62,470
(transferred to P & L A/c)
		6,75,630			6,75,630
To Salaries	19,860		By Gross Profit b/d		1,62,470
Add: Outstanding salaries	4,000	23,860	By Discount		780
Interest	4,250
Add: O/S interest	1,700	5,950
To General charges		10,670
To Advertisement		4,300
To insurance & Taxes		4,930
To Repairs		6,980
To Charity		2,500
To Bad debts	2,190
Add: New Reserve for bad debts	4,000
To Bad debts	2,500	3,690
To Dep. Machinery & Plant		12,840
To Dep. On Furniture		200
To Dep. On Building		7,374
To Net Profit		79,956
(Transferred to capital)
		1,63,250			1,63,250

Balance Sheet 
As on 31st March,2020

Liabilities		Amount	Assets		Amount
Capital	2,90,000		Plant & Machinery	1,2,400
Add: Net Profit	79,956		Less: Depreciation	12,840
	3,55,456	3,55,456	Building	1,47,480
Less: Drawings	14,500		Less: Depreciation	7,374
Loan		85,000	Furniture	2,000
Sundry creditors		37,210	Less: Dep	200
Outstanding Wages		3,000	Sundry debtors	62,840
Outstanding Salaries		4,000	Less: Reserve for bad debts	4,000	58,840
Outstanding interest		17,00	Cash in hand		13,270
			Cash at bank		32,230
			Bill receivable		17,860
			Closing stock		1,06,700
		4,86,366			4,86,366

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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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