Question no 44 Chapter No 16 - Unimax Class 11

The solution of Question No 44 Chapter No 16 - UNIMAX Class 11

                                                            Trading and Profit & Loss A/c of Shri R. Lal                
                                                            For the year ended 31st March, 2020

Particulars		Amount	Particulars		Amount
To Opening stock		11,460	By sales	1,40,370
To purchases	80,000		Less: Returns	4,240	1,36,130
Less: Returns	2,820	77,180	By Closing stock		14,290
To Carriage inwards		2,310
To Wages		6,280
To Gross Profit
(transferred to P & L A/c)		53,190
		1,50,420			1,50,420
To bad debts	1,400		By Gross Profit b/d		53,190
Add: Further bad debts	570		By Rent	2,100
Add: New reserve	3,690		Add: Accrued rent	200	2,300
Less: Old reserve	3,240	2,420	By Discount		190
To Dep. On old building		625
To Dep. On addition building		140
To Dep. On office furniture		175
To Salaries and commission	9,870
Add: O/S Salary	570	1,0,440
To interest on capital		5,000
To Rates & insurance	1,300
Less: prepaid insurance	240	1,060
To Railway freight on sales		16,940
To Office expenses		1,340
To Printing and stationery		660
To Postage and telegram		820
To Net Profit (Transferred to capital)		16,060
		55,680			55,680

                                                             Balance Sheet of Shri R.LAL 
                                                             AS 0n  31st March, 2020

Liabilities		Amount	Assets		Amount
Capital	1,00,000		Bills Receivable		1,240
Add: Net Profit	16,060		Sundry debtors	62,070
Add: Interest on capital	5,000		Less: further bad debts	570
Less: Drawings	17,600	1,03,460	Less: New reserve	3,690	57,810
Outstanding salary		570	Cash at bank		12,400
Sundry creditors		18,920	Cash in hand		2,210
			Office furniture	3,500
			Less: Depreciation	175	3,325
			Building	25,000
			Less: Depreciation	625	24,375
			Addition to Building	7,000
			Less: Depreciation	140	24,375
			Accrued Rent		200
			Prepaid insurance		240
			Closing stock		14,290
		1,22,950			1,22,950

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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 - Computerized 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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