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Question 1 Chapter 1 – Unimax Publications of Class 11

Q-1- CH-1 Solution-min
Q-1- CH-1 Solution-min

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Question 1 Chapter 1 – Unimax

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1. The value of opening stock is Rs. 20,000, Purchases are Rs. 2,00,000 and the cost of goods in hand at the end of the year is Rs. 40,000. Find out the cost of goods sold.

The solution of Question 1 Chapter 1 – Unimax: 

 Rs.
Opening Stock20,000
Purchases2,00,000
Closing Stock40,000

 

Cost of Goods Sold= Opening Stock + Purchases – Closing Stock
 = ₹ 20,000 + 2,00,000 – ₹ 40,000
 = ₹ 1,80,000

This is all about the Question 1 Chapter 1 – Unimax. You can check out the following article to better understand:

Financial Accounting Terminology

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Financial Accounting Terminology – Explained in Hindi

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Comment if you have any doubt in the Question 1 Chapter 1 – Unimax.

You can also Check out the solved question of other Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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  • 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 Reconlciliation 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 Compurters 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

You can also Check out the other Books’ Solution: –

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