Question 3 Chapter 3 - Unimax Publications of Class 11

Question 3 Chapter 3 – Unimax

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The solution of Question 3 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

3. Calculate Total equity if:
Owner’s equity in the beginning is Rs. 1,20,000 equity of creditors at the end is Rs. 1,05,000 Revenue during the period is Rs. 1,35,000. Expenses during the same period are Rs. 1,27,500.
Also calculate amount of owner’s equity at the end.

The solution of Question 3 Chapter 3 – Unimax:

Total Equity	=Owner’s Equity + Creditor’s equity
	= (Opening Owner’s equity + Revenue – Expenses) + Creditors equity
	=(1,20,000+ 1,35,000-1,27,500)+1,05,000
	= 1,27,500+1,05,000
	= 2,32,500

This is all about the Question 3 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

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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

You can also Check out the other Books’ Solution: –

Question 3 Chapter 3 – Unimax Publications of Class 11

The solution of Question 3 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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