Question No 02 Chapter No 15 – Unimax Class 11
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 |
Amount | Particular |
Amount | ||
| To Opening stock | 90,000 | By 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 returns | 12,000 | 7,44,000 | ||
| Less returns | 6,000 | 6,24,000 | 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
Profit and Loss Account: Meaning, Format & Examples
Balance Sheet: Meaning, Format & Examples
Also, Check out the solved question of all Chapters: –
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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 Reconciliation 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 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. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
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Chapter No. 18 – Financial Statements – (With Adjustments)
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