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: –
Meaning of Final Accounts
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: –
- Trading Account
- Profit and loss account
- Balance Sheet
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.
Check out the full article: –
Final Accounts: Meaning, Definition and Explanation
Chapter No. 16 – Financial Statements (With Adjustments) – Unimax Publications Class 11 – 2021 – Solution
The question-wise solution to all Questions of Chapter No. 16 – Financial Statements (With Adjustments) – Unimax Publications Class 11 – 2021 – Solutions are shown below: –
Question No 01 Chapter No 16 - Unimax Class 11 Closing stock of a business is ₹ 16,400 as on ...
Question No 02 Chapter No 16 - Unimax Class 11 Following is an extract from Trial Balance: ...
Question No 03 Chapter No 16 - Unimax Class 11 During the year ended 31st March, 2020. Salaries amounting to ...
Question No 04 Chapter No 16 - Unimax Class 11 (With GST). Commission for March, 2020 of ₹ 20,000 is ...
Question No 05 Chapter No 16 - Unimax Class 11 Insurance premium of ₹ 4,860 has been paid on August ...
Question No 06 Chapter No 16 - Unimax Class 11 The following Trial Balance has been extracted from the books ...
Question No 07 Chapter No 16 - Unimax Class 11 From the following, pass the journal entry to adjust the ...
Question No 08 Chapter No 16 - Unimax Class 11 (GST levied) commission is receivable for the month of March, ...
Question No 09 Chapter No 16 - Unimax Class 11 From the following, pass the journal entry to adjust the ...
Question No 10 Chapter No 16 - Unimax Class 11 Machinery of ₹ 60,000 appears in the Trial Balance as ...
Question No 11 Chapter No 16 - Unimax Class 11 Prepare trading and profit loss account of M/s Mohit Traders ...
Question No 12 Chapter No 16 - Unimax Class 11 At the end for the financial year the capital a/c ...
Question No 13 Chapter No 16 - Unimax Class 11 Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit ...
Question No 14 Chapter No 16 - Unimax Class 11 Extracts of Trial ...
Question No 15 Chapter No 16 - Unimax Class 11 X’s books shows the following balance. You are asked prepare ...
Question No 16 Chapter No 16 - Unimax Class 11 The following figures extracted from the Trial Balance of XYZ ...
Question No 17 Chapter No 16 - Unimax Class 11 From the following, pass journal entry and show the presentation ...
Question No 18 Chapter No 16 - Unimax Class 11 From the following, pass journal entries and show the presentation ...
Question No 19 Chapter No 16 - Unimax Class 11 From the following, pass necessary journal entries and show the ...
Question No 20 Chapter No 16 Following are the extract from the trial balance of a firm: Trial Balance as ...
Question No 21 Chapter No 16 - Unimax Class 11 Prepare Trading and Profit & Loss A/c for the year ...
Question No 22 Chapter No 16 - Unimax Class 11 Prepare Trading and Profit & Loss Account of UDHAM Singh ...
Question No 23 Chapter No 16 - Unimax Class 11 The following balances are taken from the books of Sh ...
Question No 24 Chapter No 16 - Unimax Class 11 The profit earned during the year 2019-2020 by the firm ...
Question No 25 Chapter No 16 - Unimax Class 11 The profit earned by a firm before allowing the Manager’s ...
Question No 26 Chapter No 16 - Unimax Class 11 Following are the Extracts from the Trail Balance of a ...
Question No 28 Chapter No 16 - Unimax Class 11 The following balance were extracted from the books of Modern ...
Question No 29 Chapter No 16 - Unimax Class 11 Prepare trading and profit and loss account of M/s Plastic ...
Question No 30 Chapter No 16 - Unimax Class 11 (with GST). Following is the Trial Balance of Sanjiv as ...
Question No 31 Chapter No 16 - Unimax Class 11 From the following ledger accounts of Mr. Rakesh Roshan prepare ...
Question No 32 Chapter No 16 - Unimax Class 11 From the following Trial Balance as on 31st March,2020, you ...
Question No 33 Chapter No 16 - Unimax Class 11 From the following Trial Balance of M/s KNHD as on ...
Question No 34 Chapter No 16 - Unimax Class 11 The following is the Trial Balance of Shri Ram Prakash ...
Question No 35 Chapter No 16 - Unimax Class 11 From the following Trial Balance expected from the books of ...
Question No 36 Chapter No 16 - Unimax Class 11 The following are the Leger balance sheet of Amar Nath ...
Question No 37 Chapter No 16 - Unimax Class 11 From the following ledger balance prepare Trading and Profit & ...
Question No 38 Chapter No 16 - Unimax Class 11 From the following figures prepare Trading and Profit & Loss ...
Question No 39 Chapter No 16 - Unimax Class 119 The following are the balance extracted on 31st Dec. 2019 ...
Question No 40 Chapter No 16 - Unimax Class 11 From the following balance extracted from then books of Seth ...
Question No 41 Chapter No 16 - Unimax Class 11 From the following Trial Balance of Mr. A prepare Trading ...
Question No 42 Chapter No 16 - Unimax Class 11 The following Trial Balance is extracted from the books of ...
Question No 43 Chapter No 16 - Unimax Class 11 (with GST). Following Trial Balance is extracted from the books ...
Question No 44 Chapter No 16 - Unimax Class 11 The following balance were extracted form the books of Shri ...
Question No 45 Chapter No 16 - Unimax Class 11 From the following Trial Balance of Swarna Singh as at ...
Question No 47 Chapter No 16 - Unimax Class 11 The following Trial Balance is extracted from the books of ...
Question No 46 Chapter No 16 - Unimax Class 11 From the following Trial Balance extracted from the books of ...
Question No 48 Chapter No 16 - Unimax Class 11 From the following balance of Mr. Madan Mohan prepare trading ...
Question No 49 Chapter No 16 - Unimax Class 11 The following were the balance of YOGITA as on 30th ...
Question No 50 Chapter No 16 - Unimax Class 11 Following are balance are the Trial balance on 31st March, ...
Question No 51 Chapter No 16 - Unimax Class 11 From the following balance extracted from the books of M/s ...
Question No 52 Chapter No 16 - Unimax Class 11 The following is the Trial Balance of Mr. Raj on ...
Question No 53 Chapter No 16 - Unimax Class 11 The Trial Balance of M/s Taj & Co. as on ...
Question No 54 Chapter No 16 - Unimax Class 11 Trial Balance of Mr. Gopal Das as at 31st March, ...
Unimax Publications – Advanced Accountancy-I- 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 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
