Question 6 Chapter 1 – Unimax Publications of Class 11

Posted by By Harveerjot Singh 4 Min Read May 12, 2022
Q-6 - CH-1 Solution-min
Q-6 - CH-1 Solution-min

Question 6 Chapter 1 – Unimax

6. Calculate Net Profit from the given data:

Credit Sales = Rs. 40,000
Cash Sales = Rs. 35,000
The cost of goods sold = Rs. 2,000
Expenses incurred on sales = Rs. 6,700

The solution of Question 6 Chapter 1 – Unimax: 

Total Sales = Cash Sales + Credit Sales
  = 35,000+40,000 
  = Rs. 75,000
   
Gross Profit = Sales – Cost of goods sold
  = Rs. 75,000-52,000 
  = Rs. 23,000
   
Net Profit = Gross Profit- Indirect Expenses
  = Rs. 23,000-6,700 
  = Rs. 16,300

This is all about the Question 5 Chapter 1 – Unimax. You can check out the following article to better understand:

Financial Accounting Terminology

You Can also read all above articles in Hindi on our Hindi Website

Financial Accounting Terminology – Explained in Hindi

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You can also Check out the solved question of other Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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  • 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

You can also Check out the other Books’ Solution: –

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