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Question no 05 Chapter No 15 – Unimax Class 11

Question No 05 Chapter No 15 - UNIMAX Class 11
Question No 05 Chapter No 15 - UNIMAX Class 11

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Problem No 05 Chapter No 15 – Unimax Class 11

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Opening stock ₹ 15,000 ; Sales 48,000 ; Carriage inward ₹ 3,000 ; Sales returns ₹ 3,000 ; Gross profit ₹ 18,000 ; Purchases ₹ 30,000 ; Purchases return ₹ 2,700. Calculate closing stock and cost of goods sold.

 

The solution of Question No 05 Chapter No 15 – UNIMAX Class 11

 

=

₹ 48,000-₹ 3,000
  =₹ 45,000
Cost of goods sold =Net sales-Gross profit
 =₹ 45,000-₹ 18,000
 =₹ 27,000 
Cost of goods sold= Opening stock+ Purchases -Purchases return
  =Carriage inwards-Closing stock
₹ 27,000=₹ 15,000+₹ 30,000-₹27,00
 +₹ 3,000
Closing stock=₹ 45,300-₹ 27,000
 =₹ 18,300

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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

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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

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Chapter No. 4 – Vouchers and transactions

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

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Chapter No. 10 – Journal Proper

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

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Chapter No. 16 – Rectification of Errors 

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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