Question 16 Chapter 3 - Unimax Publications of Class 11

Question 16 Chapter 3 – Unimax

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The solution of Question 16 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

16 Prepare the accounting action from the following:
(i) Started business with cash Rs. 6,00,000.
(ii) Purchased Machinery Costing Rs. 1,00,000 plus CGST 9% and SGST 9%.
(iii) Paid telephone bill Rs. 6,000 plus CGST 9% and SGST 9%.
(iv) Purchased goods from other state worth Rs. 80,000 plus IGST 18%.
(v) Purchased goods worth 40,000 plus 9% CGST and 9% SGST.
(vi) Sold goods casting Rs. 60,000 for Rs. 80,000 in other state plus IGST 18%.
(vii) Purchased stationery worth Rs. 8,000 plus 6% CGST and 6% SGST.
(viii) Sold goods casting Rs. 40,000 for Rs. 50,000 to other state plus IGST 1896.

The solution of Question 16 Chapter 3 – Unimax:

Transactions	Assets						Liabilities	+ Capital
	Cash	+Stock	+Input CGST	+Input SGST	+Input IGST	+Stock	+Output IGST
1. started business with cash 6,00,000 .	+6,00,000							6,00,000
2. Purchased machinery costingRs.1,00,000 plus CGST 9% and SGST 9%.	– 1,18,000	1,.00,000	+9000	+9000				0
3. Paid telephone bill Rs. 6,000 plus CGST 9% and SGST 9%	-7,080	+0	+540	+540				6,000
4. purchased goods from another state worth RS. 80,000 plus IGST 18%.	-94,400	+0	+0	+0	+14,400	+80,000		0
5. Purchased goods worth 40,000 plus 9% CGST and 9% SGST.	-47,200	+0	+3,600	+3,600	+0	+40,000		0
6. Sold goods costing Rs. 60,000 for Rs. 80,000 plus 6% CGST and 6% SGST.	+94,400	+0	+0	+0	+0	-60,000	+14,400	+20,000
7. Purchased Stationary worth Rs. 8,000 plus 6% CGST and 6% SGST	-8,960	+0	+480	+480	+0	0	0	-8,000
8. Sold goods costing Rs. 40,000for Rs. 50,000 to other state plus IGST 18%.	+59,000	+0	+0	+0	+0	-40,000	+9,000	+10,000

	4,77,760	+1,00,000	+13,620	+13,620	14,400	20,.000	23,400	6,16,000
	6,39,400						6,39,400

This is all about the Question 16 Chapter 3 – Unimax. You can check out the following article to better understand:

What is Accounting Equation | Example

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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

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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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Question 16 Chapter 3 – Unimax Publications of Class 11

The solution of Question 16 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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