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Question no 09 Chapter No 15 – Unimax Class 11

Question No 0 9 Chapter No 15 - UNIMAX Class 11
Question No 0 9 Chapter No 15 - UNIMAX Class 11

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Question No 09 Chapter No 15 – Unimax Class 11

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From the incomplete Trial balance of Mr. X, you are required to prepare a Trading Account for the year ended 31-3-2020.

 

Debit balanceCredit balance
Purchases (adjusted)25,000Outstanding wages5,000
Wages15,000Discount received1,250
Carriage inwards2,500Sales less returns1,00,000
Discount allowed2,500  
Freight10,000  
Prepaid freight2,500  
Closing stock (adjusted with purchases)12,500  
 70,000 1,06,250

The solution of Question No 09 Chapter No 15 – UNIMAX Class 11

Trading A/c of MR.X for the year ended 31st March, 2020
Particular
AmountParticular
Amount
To Purchases 25,000By Sales less returns 1,00,000
To wages 15,000   
To Carriage 2,500  
To Freight10,000  
To Gross Profit c/d 47,500   
  1,00,000  1,00,000
   By Gross profit b/d 47,500

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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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