# Problem 3 Chapter 1 – Unimax Publications of Class 11

Problem 3 Chapter 1 – Unimax

PROBLEM
From the following calculate Gross Profit/Gross Loss.

 Rs. Opening Stock 20,000 Net Purchases 95,000 Net Sales 1,00,000 Closing Stock 12,000 Indirect Expenses 2,000 Direct Expenses 3,200

## The solution of Problem 3 Chapter 1 – Unimax

 (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses = Rs. 20,000+95,000+3,200-12,000 = Rs. 1,06,200
 (ii) Gross loss = Cost of goods sold – Net Sales = Rs. 1,06,200-1,00,000 = Rs. 6,200

This is all about the Problem 3 Chapter 1 – Unimax. You can check out the following article to better understand:

Financial Accounting Terminology

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Financial Accounting Terminology – Explained in Hindi

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## Advanced Accountancy – Unimax 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 Reconlciliation Statement
• Chapter No. 14 – Bills of Exchange

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 Compurters 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

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