Problem No 7 Chapter No 11 – Unimax Class 11

Problem-No-7-Chapter-No-9-Unimax-Class-11

Problem No 7 Chapter No 11 – Unimax Class 11

Free Accounting book Solution - Class 11 and Class 12

Prepare a Trial balance from the following balance taken from the books of Ravi traders on 30th June, 2019.

Name of A/c Name of A/c
Capital 60,000 Interest on investments 700
Drawing 15,000 Debtors 10,000
Plant and machinery A/c 25,000 Purchases 80,000
Bank draft 15,000 Salaries 6,000
Loan from Varinder 18,000 Wages 5,000
Opening stock 30,000 Creditors 6,000
Discount allowed 300 Return outward 3,000
Carriage inward 1,900   3,000
Investments 9,000    
Return inward 1,000    
Insurance premium 1,200    
Interest on loan 2,100    
Advertisement 4,200    
Furniture 40,000    

The solution of Problem. 7 Chapter No 9 :-

                                                                Trail Balance A/c

S. No. Name of A/c L.F. Debit Credit
1 Capital     60,000
2 Drawing   15,000  
3 Plant and machinery A/c   25,000  
4 Bank draft     15,000
5 Loan from Varinder     18,000
6 Opening stock   30,000  
7 Discount allowed   300  
8 Carriage inward   1,900  
9 Investments   9,000  
10 Return inward   1,000  
11 Insurance premium   1,200  
12 Interest on loan   2,100  
13 Advertisement   4,200  
14 Furniture   40,000  
15 Interest on investments     700
16 Debtors   10,000  
17 Purchases   80,000  
18 Salaries   6,000  
19 Wages   5,000  
20 Creditors     6,000
21 Return outward     3,000
22 Interest on investments     1,28,000
  Total   2,30,700 2,30,700

Read out the full article to know the meaning of Cash Book

Trial Balance | Explanation | Methods | Examples

Also, Check out the same article in Hindi from the following link

Trial Balance | Explanation | Methods | 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 

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