Question 5 Chapter 5 – Unimax Publications of Class 11

Q5 - CH-5 Solution

Question 5 Chapter 5 – Unimax

Free Accounting book Solution - Class 11 and Class 12

5. Pass Opening Journal entry:

BALANCE SHEET AS AT 31ST MARCH, 2020

Liabilities Rs. Assets Rs.
Sundry Creditors 56,000 Cash in Hand 4,300
Capital 2,14,000 Cash at Bank 26,750
    Sundry Debtors 74,950
    Closing Stock 90,000
    Input CGST 5,000
    Input SGST 5,000
    Input IGST 4,000
    Machinery and Equipment 60,000
  2,70,000   2,70,000

The solution of Question 5 Chapter 5 – Unimax:

Based on the above Balance Sheet, the Opening Entry will be:

Date Particulars   L.F. Debit Credit
2020          
April 1 Cash A/c Dr.   4,300  
  Bank A/c Dr.   26,750  
  Sundry Debtors A/c Dr.   74,950  
  Stock A/c Dr.   90,000  
  Input CGST A/c Dr.   5,000  
  Input SGST A/c Dr.   5,000  
  Input IGST A/c Dr.   4,000  
  Machinery and Equipment Dr.   60,000  
  To Sundry Creditors A/c       56,000
  To Capital A/c       2,14,000
  (Being the balances of assets, liabilities and capital brought Forward)        
        2,70,000 2,70,000

This is all about the Question 5 Chapter 5 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples – In Hindi

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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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