Question No 28 Chapter No 15 – Unimax Class 11
Prepare trading account, profit and loss account and balance sheet of s . Chandra from the following trial balance.
| Particular | Debit (₹) |
Credit (₹) |
| Capital drawings | 12,000 | 6,00,000 |
| Machinery | 1,80,000 | |
| Stock (1st April,2019) | 96,000 | |
| Wages | 3,00,000 | |
| Carriage inwards | 3,000 | |
| Salaries | 30,000 | |
| Factory rent | 14,400 | |
| Repairs | 2,400 | |
| Fuel and power | 15,000 | |
| Furniture | 33,000 | |
| Building | 2,40,000 | |
| Sundry debtors and creditors | 1,20,000 | 75,000 |
| Sales purchases | 7,32,000 | 12,21,600 |
| Returns | 21,600 | 12,000 |
| Discount | 4,500 | 1,500 |
| Office expenses | 6,000 | |
| Manufacturing expenses | 3,600 | |
| Bill payable /bill receivable | 30,000 | 51,000 |
| Cash in hand | 14,400 | |
| Cash at bank | 92,400 | |
| Office rent | 10,800 | |
| 19,61,100 | 19,61,100 |
Closing stock was valued ar₹1,20,000.
The solution of Question No 28 Chapter No 15 – UNIMAX Class 11
| Trading A/c, Profit & Loss A/c for the year ended 31st March, 2020 | |||||
| Particular |
Amount | Particular |
Amount | ||
| To Opening stock | 96,000 | By Sales | 12,21,600 | ||
| To Purchases | 7,32,000 | Less return | 21,600 | 12,00,000 | |
| Less return | 12,000 | 7,20,000 | By Closing stock | 1,20,000 | |
| To Wages | 3,00,000 | ||||
| To Carriage inwards | 3,000 | ||||
| To Factory rent | 14,400 | ||||
| To Fuel & Power | 15,000 | ||||
| To Manu. expenses | 3,600 | ||||
| To Gross profit c/d | 1,68,000 | ||||
| 13,20,000 | 13,20,000 | ||||
| To Salaries | 30,000 | By Gross Profit b/d | 1,68,000 | ||
| To repairs | 2,400 | By Discount | 1,500 | ||
| To Discount | 4,500 | ||||
| To Office expenses | 6,000 | ||||
| To office rent | 10,800 | ||||
| To Net Profit c/d | 1,15,800 | ||||
| 1,69,500 | 1,69,500 | ||||
|
balance sheet as on 31st March, 2020 |
|||||
| Liabilities | Amount | Assets | Amount | ||
| Capital | 6,00,000 | 1,00,000 | By Machinery | 1,80,000 | |
| Add net profit | 1,15,800 | Furniture | 33,000 | ||
| Less Drawing | 12,000 | 7,03,800 | Building | 2,40,000 | |
| Creditors | 75,000 | Debtors | 1,20,000 | ||
| Bills payable | 51,000 | Bills receivable | 30,000 | ||
| Cash in hand | 14,400 | ||||
| Cash at bank | 92,400 | ||||
| Closing stock | 1,20,000 | ||||
| 8,29,800 | 8,29,800 | ||||
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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
- 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 Reconciliation 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 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. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
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Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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)
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