Question 16 Chapter 3 – Unimax Publications of Class 11

Q-16- CH-3 Solution

Question 16 Chapter 3 – Unimax

Free Accounting book Solution - Class 11 and Class 12

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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You can also Check out the solved question of other Chapters: –

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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