Question no 19 Chapter No 15 – Unimax Class 11

Posted by By Rajwinder Kaur 7 Min Read April 6, 2023
Question No 19 Chapter No 15 - Unimax Class 11
Question No 19 Chapter No 15 - Unimax Class 11

Question No 19 Chapter No 15 – Unimax Class 11

From the following Trial Balance prepare a Trading and a Profit and Loss account for the year ending 31st March,2020 and a balance sheet as on that date:

Particulars ₹ Particulars ₹
Debit balance   Rent, Rates and taxes 4,800
Sundry debtors 9,000 Salaries 12,000
Stock 1st April,2019 30,000 Drawings 12,000
Land and Buildings 60,000 Purchases 60,000
Cash in hand 9,600 Office expenses 15,000
Cash at bank 24,000 Plant & Machinery 34,200
Wages 18,000 Credit Balances  
Bills Receivable 12,000 Capital 1,50,000
Interest 1,200 Interest 3,600
Bad debts 3,000 Sundry creditors 42,000
Repairs 1,800 Sales 1,02,000
Furniture and fixtures 9,000 Bills Payable 24,000
Depreciation 6,000    

On 31st March,2020 the stock was valued at ₹ 60,000.

The solution of Question No 19 Chapter No 15 – UNIMAX Class 11

Trading A/c, Profit & Loss A/c , As  On 31st March, 2020
Particular
 Amount Particular
 Amount
To Opening stock 30,000 By Sales 1,02,000
To wages 18,000 By Closing stock 60,000
To Purchases 60,000    
To Gross profit c/d
(and transferred to profit & loss A/c)		 54,000    
  1,62,000   1,62,000
To interest 1,200 By Gross Profit b/d 54,000
To Bad debts 3,000 Interest 3,600
To Repairs 1,800    
To Depreciation 6,000    
To Rent, Rates and taxes 4,800    
To Salaries 12,000    
To Office expenses 15,000    
To Net profit c/d
(and transferred to capital A/c)		 13,800    
  57,600   57,600
 Balance sheet as on31st March, 2020
Liabilities Amount Assets Amount
Capital 1,50,000   Sundry debtors   9,000
Add net profit 13,800   Land and Buildings   60,000
Less drawings 12,000 1,51,800 Cash in hand   9,600
Sundry creditors   42,000 Cash at bank 24,000
Bill payable   24,000 Bills Receivable 12,000
      Plant & Machinery 34,200
      Furniture and fixtures 9,000
      Closing stock 60,000
Total 2,17,800   2,17,800

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Final Accounts: Meaning, Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

 

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of all Chapters: –

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

Chapter No. 4 – Vouchers and transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

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Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

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

Chapter No. 16 – Rectification of Errors 

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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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