Problem No 04 Chapter No 15 – Unimax Class 11

Problem No 04 Chapter No 15 – Unimax Class 11

Free Accounting book Solution - Class 11 and Class 12

From the following prepare profit & loss a/c for the year ended 31st March,2020.

Particulars
Gross profit 70,500
Salaries 20,000
Rent 4,000
General expenses 14,500
Discount allowed 2,500
Discount received 1,500
Commission received 2,000
Interest on investment 1,000
Depreciation 2,400
Insurance 1,600
Bank interest paid 2,200
Bad debts 1,800

The solution of Problem No 04 Chapter No 15 – UNIMAX Class 11

Profit & Loss A/c for the year ended 31st March, 2020
Particular
Amount Particular
Amount
To Salaries   20,000 By Gross profit b/d 70,500
To Rent 4,000 By Discount received 1,500
To General expenses 14,500 By Commission received   2,000
To Discount allowed 2,500 By interest on investment   1,000
To Depreciation 2,400      
To Insurance 1,600      
To Bank interest paid 2,200      
To Bad debts 1,800      
To Net Profit A/c 26,000      
    75,000     75,000

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Final Accounts: Meaning, Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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 

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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