Question no 29 Chapter No 15 – Unimax Class 11

Posted by By Rajwinder Kaur 6 Min Read April 7, 2023
Question No 29 Chapter No 15 - Unimax Class 11
Question No 29 Chapter No 15 - Unimax Class 11

Question No 29 Chapter No 15 – Unimax Class 11

From the following trail balance, prepare the Trading and profit and loss account for the year ended 31st march,2020.

Particular Debit
(₹)		 Credit
(₹)
Capital and drawings 4,560 1,74,000
Purchases and sales 53,400 90,000
Sales and purchases returns 1,680 2,700
Stock (1-4-2019) 7,200  
Wages 4,800  
Building 1,32,000  
Freight and carriage 12,000  
Trade expenses 1,200  
Advertisement 1,440  
Interest 400 2,500
Taxes and insurance 780  
Debtors and creditors 39,000 7,200
Bills receivable and bills payable 9,000 4,200
Cash in hand 1,140  
Cash at bank 7,200  
Salaries 4,800  
  2,80,600 2,80,600

Adjustment (1) stock on 31st March,2020 was valued at ₹ 9,000.

The solution of Question No 29 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   7,200 By Sales 90,000  
To Purchases 53,400   Less return  1,680  88,320
Less Returns 2,700 50,700 By Closing stock 9,000
To wages 4,800    
To fright and carriage 12,000    
To Gross profit c/d   22,620      
(and transferred to P & L A/c)          
    97,320     97,320
To trade expenses   1,200 By Gross Profit b/d   22,620
To Advertisement   1,440 By Interest   2,00
To Interest   400      
To Taxes & Insurance   780      
To Salaries   4,800      
To Net Profit c/d   16,500      
(and transferred capital)          
    25,120     25,120

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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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