Question No 9 Chapter No 12 - Unimax 11 Class

Question No 9 Chapter No 12 – Unimax Class 11

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The solution of Question No 9 Chapter No 12 – Unimax Class 11:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

9. For the year 2019 opening balance in provision for taxation is ₹ 6,00,000. Net profit for the year amounted to ₹ 18,00,000 and rate if income tax payable is 40%. Prepare provision for taxation account and income tax payable A/c.

The solution of Question No 9 Chapter No 12 – Unimax Class 11:

Dr.	Provision for taxation A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015				2015
Dec.31	To income tax payable A/c		7,20,000	Jan.1	By Balance c/d		6,00,000
				Dec.31	By P & L A/c		1,20,000

			7,20,000				7,20,000

Dr.	Income tax payable A/c						Cr.
Date	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
2015				2015
Dec.31	To Bank A/c		7,20,000	Dec.31	By Provision for Taxation A/c		7,20,000

			7,20,000				7,20,000

It is all about Question No 9 Chapter 12 of Class 11 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Depreciation

Provisions and Reserves | Meaning | Methods | Examples

Provision and Reserve: Differences with example

Also, Check out the same article in Hindi from the following link

Depreciation | Meaning | Methods | Examples-in Hindi

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

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

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Students may choose only one part from 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
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

Question No 9 Chapter No 12 – Unimax 11 Class

The solution of Question No 9 Chapter No 12 – Unimax Class 11:

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

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