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Question No 07 Chapter No 15 – Unimax Class 11
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Prepare a Trading Account from the following balance for the year ending 31st March,2020 in the books of Ravi.
| Particular | Amount | Particular | Amount |
| Opening stock | 18,100 | Wages and salaries | 14,000 |
| Purchases | 2,90,000 | Freight | 7,200 |
| Sales | 4,80,000 | Carriage | 16,100 |
| Office lighting | 12,100 | Salaries and wages | 72,150 |
| Rent received | 27,000 | Excise duty | 14,000 |
| Commission on purchases | 800 | Income tax | 17,000 |
| Factory lighting | 18,200 | Productive expenses | 16,000 |
Stock was valued at ₹ 12,500 on 31.03.2020.
The solution of Question No 07 Chapter No 15 – UNIMAX Class 11
| Trading A/c of MR.RAVI for the year ended 31st March, 2020 | |||||
| Particular | Amount | Particular | Amount | ||
| To Opening stock | 18,100 | By Sales | 4,80,000 | ||
| To Purchases | 2,90,000 | By Closing sock | 12,500 | ||
| To Factory lighting | 18,200 | ||||
| To wages & Salaries | 14,000 | ||||
| To Commission on purchases | 800 | ||||
| To Freight | 7,200 | ||||
| To Carriage | 16,100 | ||||
| To Excise duty | 14,000 | ||||
| To Productive expenses | 16,000 | ||||
| To Gross Profit c/d | 98,100 | ||||
| 4,92,500 | 4,92,500 | ||||
| By Gross profit b/d | 98,900 | ||||
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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
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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. 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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