# Question 12 Chapter 1 – Unimax Publications of Class 11

Question 12 Chapter 1 – Unimax

12. From the following data of Avneet. Find out the cost of goods sold and sales for the year20-21.

 Rs. Opening Stock 60,000 Purchases during the year 4,00,000 Purchases Return 30,000 Octroi Duty 30,000 Stock on 31-3-2021 60,000

G.P. 20% on Cost

## The solution of Question 12 Chapter 1 – Unimax:

 COGS = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 60,000+ (4,00,000-30,000)+30,000-60,000 = Rs. 60,000+3,70,000+30,000-60,000 = Rs. 4,60,000-60,000 = Rs. 4,00,000
 GP = 20 % on Cost = 4,00,000    X 20 100- 20 = 4,00,000    X 20 80 = Rs. 1,00,000
 Sales = GP + COGS = Rs. 1,00,000+ 4,00,000 = Rs. 5,00,000

This is all about the Question 12 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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## 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 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

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