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Question 19 Chapter 3 of Unimax Publications Class 11

Question 19 Chapter 3 of Unimax Publications Class 11
Question 19 Chapter 3 of Unimax Publications Class 11

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Question 19 Chapter 3 Unimax

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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 AssetsLiabilities 
+ 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 1,2001,200 1,200    
4. Deposited into bank 5,0005000  5000   
5. Sold goods (costing 7,000) on credit for 8,200 7,000  8,200 1,200
6. Withdrew cash for private use 1,5001,500     1,500
7. Withdrew cash for office use 2,4002,400  2,400   
8. Paid salaries 700700     700
        
 19,0005,5001,2002,6008,20012,50024,000
 36,50036,500

This is all about the Question 19 Chapter 3 – Unimax. You can check out the following article to better understand:

What is Accounting Equation | Example

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What is the Accounting Equation- In Hindi

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Comment if you have any doubt in Question 19 Chapter 3 – Unimax.

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

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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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