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Question no 18 Chapter No 17 – Unimax Class 11

Question no 18 Chapter no 17 unimax class11
Question no 18 Chapter no 17 unimax class11

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Question No 18 Chapter No 17 – Unimax Class 11

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Ascertain the value of closing stock from the following particulars:

 
Stock in the beginning30,000
Purchases1,00,000
Sales2,00,000
Sales returns8,000
Productive expenses2,50,000
Rate of gross profit on cost20%

The solution of Question No 18 Chapter No 17 – UNIMAX Class 11

Particulars AmountParticulars
Amount
To Opening stock30,000By Sales A/c2,00,000 
To Purchases1,00,000By Sales returns8,0001,92,000
To Productive expenses2,50,000By closing stock (Balance figure) 2,26,400
To Gross Profit (20%on 1,92,000)38,400   
 4,18,400  4,18,400

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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: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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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 Publication4

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