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Problem No 02 Chapter No 15 – Unimax Class 11

Question No 02 Chapter No 15 – Class 11 Unimax
Question No 02 Chapter No 15 – Class 11 Unimax

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Problem No 02 Chapter No 15 – Unimax Class 11

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On the basis of the following information prepare trading account for the year ended 31st March,2020.

ParticularsParticulars
Opening stock20,400Freight & duty1,200
Purchases62,000Wages2,700
Sales95,500Octroi450
Purchases returns1,900Clearing charges350
Sales return4,500Manufacturing expenses1,400
Carriage inwards1,000Power1,150

The value of closing stock as on 31st March 2020 was ₹ 25,500.

The solution of Problem No 02 Chapter No 15 – UNIMAX Class 11

Trading A/c for the year ended 31st March, 2020
Particular
AmountParticular
Amount
To Opening stock 20,400By Sales95,500 
To Purchases62,000 Less return4,50091,000
Less return1,90060,100By Closing stock 25,500
To Carriage inwards1,000   
To Freight & Duty1,200   
To Wages2,700   
To Octroi450   
To Clearing charges350   
To Manufacturing expenses1,400   
To Power1,150   
To Gross profit A/c27,750   
  1,16,500  1,16,500

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Comment if you have any Doubts.

Final Accounts: Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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 

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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

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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 

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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)

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

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