Question 19 Chapter 3 of Unimax Publications Class 11

Question 19 Chapter 3 Unimax

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The solution of Question 19 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

19. Show the accounting equation on the basis of the following transactions:
i Commenced business with cash 25,000
ii Purchased goods on credit 12,500
iii Purchased furniture for cash 1,200
iv Deposited into bank 5,000
v Sold goods (costing 7,000) on credit for 8,200
vi Withdrew cash for private use 1,500
vii Withdrew cash for office use 2,400
viii Paid salaries 700.

The solution of Question 19 Chapter 3 – Unimax:

Transactions	Assets					Liabilities	+ Capital
	Cash	+Stock	+Furniture	+Bank	+Debtors	Creditor
1. started a business with cash 25,000.	25,000						25,000
2. Purchased goods on credit 12,500		12,500				12,500
3. Purchased furniture for cash 1,200	1,200		1,200
4. Deposited into bank 5,000	5000			5000
5. Sold goods (costing 7,000) on credit for 8,200		7,000			8,200		1,200
6. Withdrew cash for private use 1,500	1,500						1,500
7. Withdrew cash for office use 2,400	2,400			2,400
8. Paid salaries 700	700						700

	19,000	5,500	1,200	2,600	8,200	12,500	24,000
	36,500					36,500

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What is Accounting Equation | Example

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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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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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The solution of Question 19 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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