Question No 9 Chapter No 12 – Unimax Class 11 9. For the year 2019 opening balance in provision for taxation is ₹ 6,00,000. Net profit for the year amounted to ₹ 18,00,000 and rate if income tax payable is Read More …
Question No 8 Chapter No 12 – Unimax Class 11 A company decided to transfer ₹ 400 every year to repair and renewals reserve account maintained for a machine recently purchased. In the 1st 4 years, annual repairs were ₹ Read More …
Question No 7 Chapter No 12 – Unimax Class 11 7. It is estimated by a company that it will require an additional sum of ₹ 3,00,000 after four years to replace its existing plant. It created a specific reserve Read More …
Question No 6 Chapter No 12 – Unimax Class 11 6. Following balance were extracted from the Trial Balance of M/s Duggal Traders as on 31.3.2019 Name of accounts L.F. Dr. Cr. Sundry debtors 5,00,000 Discount allowed Read More …
Question No 5 Chapter No 12 – Unimax Class 11 On 31st December 2018, Sundry debts were ₹ 2,50,000, on which a provision for doubtful debts was to be made at 2%During 2019, there were bad debts amounted to ₹ Read More …
Question No 4 Chapter No 12 – Unimax Class 11 Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2019: ₹ Debtors Read More …
Question No 3 Chapter No 12 – Unimax Class 11 The following information is extracted from the Trial Balance of M/s. Nisha Trader on 31st Dec. 2019: ₹ Sundry debtors 80,500 Provision for Bad Debts 5,000 Read More …
Question No 2 Chapter No 12 – Unimax Class 11 An extract of the trial balance from the books of Tahiliani and sons enterprise on December 31, 2019, is given below: Name of the account Dr. Amount Cr. Amount Sundry Read More …
Question No 1 Chapter No 12 – Unimax Class 11 1. The following are the extracts of the trial balance as on 31st March 2020. Sundry debtors 42,000 Addition information-(1) Book debts proved bad but not recorded amounted to Read More …