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In this article, we have provided the Question wise solution to all Chapter No. 16 - Financial Statements (With Adjustments) – Unimax Publications Class 11 – 2021 - Solution, But first of all, we have explained the meaning of Depreciation: -
Final Accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. It is a combination of the following statement: –
Every businessman started a business to earn some income from it. Profit is the net income that the owner gets from the business. To calculate profit or loss, An accountant has made the final accounts for the business for a particular accounting period(i.e. One year starting from 1st April and ending 31st March).
On the basis of the Trial balance, An accountant prepares the final accounts or financial statements for the particular period of time for reporting the management of the business. The final accounts are prepared to throw light on the financial results of the operation of the business during the particular accounting period of time and the financial position of the business at that period of time.
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The question-wise solution to all Questions of Chapter No. 16 - Financial Statements (With Adjustments) – Unimax Publications Class 11 – 2021 - Solutions are shown below: -
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Part-I
Chapter No. 1 - Introduction of Accounting
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Vouchers and Transactions
Chapter No. 5 - Goods and Services Tax (GST): An Introduction
Chapter No. 7 - Special Purpose Book - Cash Book
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 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
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
In this article, we have provided the Question wise solution to all Chapter No. 16 - Financial Statements (With Adjustments) – Unimax Publications Class 11 –…
Class 11 and Class 12 commerce students, and CA Foundation aspirants, studying Academic Subjects.
Yes — this page includes a short interactive quiz so you can check your understanding straight away.