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Question no 02 Chapter No 15 – Unimax Class 11

Question No 02 Chapter No 15 - UNIMAX Class 11
Question No 02 Chapter No 15 - UNIMAX Class 11

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Question No 02 Chapter No 15 – Unimax Class 11

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From the following information, prepare the Trading account for the year ending on 31st March, 2020.
Opening stock ₹ 90,000 ; cash sales ₹ 36,000 ; Credit sales ₹ 7,20,000 ; Returns outwards ₹ 6,000 ; Wages & Salaries ₹ 2,400 ; Carriage inward ₹ 1,200 ; Freight inward ₹ 1,800 ; Cartage inwards ₹ 600 ; Cash purchases ₹ 30,000 ; Credit purchases ₹ 6,00,000 ; returns inward ₹ 12,000 ; closing stock as on 31st March ₹ 50,400 ; Freight outward ₹ 600.

The solution of Question No 02 Chapter No 15 – UNIMAX Class 11

Trading A/c, Profit & Loss A/c  of MR.X for the year ended 31st March, 2020
Particular
AmountParticular
Amount
To Opening stock 90,000By Sales (Cash)39,000 
To Purchases (Cash)30,000 Add Sales (Credit)7,20,000 
Add Purchases (Credit)6,00,000  7,56,000 
6,30,000  Less returns12,0007,44,000
Less returns6,0006,24,000 By Closing stock 50,400
To Wages & Salaries 2,400   
To Carriage inward (1,200+600) 1,800   
To Freight inward 1,800   
To Balance c/d 74,400    
  7,94,400  7,94,400
   By Balance b/d 74,400

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Final Accounts: Meaning, Definition and Explanation

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Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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 Computers 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 

Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

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Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

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Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

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Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication

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