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Question 9 Chapter 1 – Unimax
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9. From the following data of Nagma. Find out the cost of good sold and sales for the year 2020-21.
| Rs. | |
| Opening Stock | 50,000 |
| Purchases during the year | 1,50,000 |
| Clearing charges | 20,000 |
| Closing stock | 30,000 |
G.P. 15% on Cost
The solution of Question 9 Chapter 1 – Unimax:
| COGS | = Opening Stock + Net Purchases + Direct Expenses – Closing Stock | |
| = Rs. 50,000+ 1,50,000+ 20,000-30,000 | ||
| = Rs. 1,90,000 | ||
| GP | = 15 % on Cost | |
| = 1,90,000 X | 15 | |
| 100 | ||
| = Rs. 28,500 | ||
| Sales | = GP + COGS |
| = Rs. 28,500+1,90,000 | |
| = Rs. 2,18,500 |
This is all about the Question 9 Chapter 1 – Unimax. You can check out the following article to better understand:
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Financial Accounting Terminology
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Financial Accounting Terminology – Explained in Hindi
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Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
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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 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: –