Question 6 Chapter 3 - Unimax Publications of Class 11

Question 6 Chapter 3 – Unimax

Table of Contents

The solution of Question 6 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

6. On 31st March, 2021 the total assets and external Liabilities were Rs. 3,00,000 and Rs. 9,000, respectively. During the year, the proprietor had introduced additional capital of Rs. 30,000 and had withdrawn Rs. 18,000 for personal use. He made a profit of Rs. 30,000 during the year. Calculate the capital as on 1 April, 2020.

The solution of Question 6 Chapter 3 – Unimax:

Closing Capital	=Closing Assets-Closing External Liabilities
	= 3,00,000-9,000
	= 2,91,000

Opening Capital	= Closing Capital + Drawing – Additional Capital – Profit
	= 2,91,000+ 18,000 – 30,000 – 30,000
	= 2,49,000

This is all about the Question 6 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

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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 6 Chapter 3 – Unimax Publications of Class 11

The solution of Question 6 Chapter 3 – Unimax:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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