Problem 1 Chapter 1 - Unimax Publications of Class 11

Problem 1 Chapter 1 - Unimax From the following calculate the cost of goods sold : Rs. Opening Stock 27,000 Purchases 1,57,000 Direct Expenses 22,500 Closing Stock 24,000 The Solution of Problem 1 Chapter 1 - Unimax Cost of goods sold = Opening Stock + Net Purchases +Direct Expenses = Rs. 27,000+ 1,57,000+22,500-24,000 = Rs. 1,82,500 This is all about Problem 1 Chapter 1 - Unimax. You can check out the following article to better understand: Financial Accounting

Problem 2 Chapter 1 - Unimax Publications of Class 11

Problem 2 Chapter 1 - Unimax From the following calculate:(i) Cost of goods sold(ii) Gross Profit Rs. Opening Stock 12,000 Purchases 1,17,000 Direct Expenses 2,200 Closing Stock 7,500 Sales 1,42,000 Return outwards 7,500 The solution of Problem 2 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses-Closing Stock = Rs. 12,000+ [1,17,000- 7,500] +2,200- 7,500 = Rs. 1,16,200 (ii) Gross Profit =Net Sales- Cost of goods s

Problem 3 Chapter 1 - Unimax Publications of Class 11

Problem 3 Chapter 1 - Unimax PROBLEM From the following calculate Gross Profit/Gross Loss. Rs. Opening Stock 20,000 Net Purchases 95,000 Net Sales 1,00,000 Closing Stock 12,000 Indirect Expenses 2,000 Direct Expenses 3,200 The solution of Problem 3 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses = Rs. 20,000+95,000+3,200-12,000 = Rs. 1,06,200 (ii) Gross loss = Cost of goods sold - Net Sales = Rs. 1,06,200-1,00

Problem 4 Chapter 1 - Unimax Publications of Class 11

Problem 4 Chapter 1 - Unimax PROBLEMFrom the following calculate(i) Gross Profit and (ii) Net Profit Rs. Opening Stock 2,500 Closing Stock 2,300 Purchases 97,000 Sales 1,00,000 Purchases Returns 2,000 Direct Expenses 1,200 Indirect Expenses 8,000 The solution of Problem 4 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock Net Purchases = Purchases-Purchases Returns = Rs. 97,000-2,000 = Rs. 95,00

Question 1 Chapter 1 - Unimax Publications of Class 11

Question 1 Chapter 1 - Unimax 1. The value of opening stock is Rs. 20,000, Purchases are Rs. 2,00,000 and the cost of goods in hand at the end of the year is Rs. 40,000. Find out the cost of goods sold. The solution of Question 1 Chapter 1 - Unimax: Rs. Opening Stock 20,000 Purchases 2,00,000 Closing Stock 40,000 Cost of Goods Sold = Opening Stock + Purchases - Closing Stock = ₹ 20,000 + 2,00,000 - ₹ 40,000 = ₹ 1,80,000 This is all about the Question 1 Chapter 1 -

Question 2 Chapter 1 - Unimax Publications of Class 11

Question 2 Chapter 1 - Unimax 2. From the information given below, calculate cost of goods sold. Rs. Opening Stock 8,500 Purchases 30,700 Direct Expenses 4,800 Indirect Expenses 5,200 Closing Stock 9,000 3,200 The solution of Question 2 Chapter 1 - Unimax: Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 8,500 +30,700 +4,800 – 9,000 = Rs. 35,000 This is all about the Question 2 Chapter 1 - Unimax. You can check out t

Question 3 Chapter 1 - Unimax Publications of Class 11

Question 3 Chapter 1 - Unimax 3. Find out the Net Income from the following figures relating to the year 2021. Rs. Opening Stock 10,000 Purchases 25,000 Direct Expenses 1,000 Closing Stock 5,000 Opening Expenses 2,000 Sales 40,000 The solution of Question 3 Chapter 1 - Unimax: Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 10,000+25,000 + 1,000-5,000 = Rs. 31,000 Gross Profit = Net Sales - Cost of goods sold

Question 4 Chapter 1 - Unimax Publications of Class 11

Question 4 Chapter 1 - Unimax 4. From the following data, calculate the profits made by a trader in 2021. Rs. Stock of goods on 1-1-2021 15,675 Purchases during the year 37,000 Purchases returns during the year 4,725 Sales returns during the year. 8,987 Carriage inward 1,123 Sales during the year 77,765 Stock of goods on 31-12-2021 1,775 The solution of Question 4 Chapter 1 - Unimax: Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock

Question 5 Chapter 1 - Unimax Publications of Class 11

Question 5 Chapter 1 - Unimax 5. Calculate Profit if: Cash Sales =Rs. 40,000 Credit Sales Returns = Rs. 3,000 Credit Sales = Rs. 30,000 Cost of Goods Sold = Rs. 50,000 The solution of Question 5 Chapter 1 - Unimax: Gross Profit = Net Sales - Cost of goods sold Net Sales = Sales - Sales Returns Or [(Cash Sales + Credit Sales)-Sales Return] = Rs. [(40,000+30,000) -3,000] = Rs. 67,000 Gross Profit = Rs. 67,000- 50,000 = Rs. 17,000 This is all about th

Question 6 Chapter 1 - Unimax Publications of Class 11

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. 52,000 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,

Question 7 Chapter 1 - Unimax Publications of Class 11

Question 7 Chapter 1 - Unimax 7. From the following information, calculate:(i) Gross Profit(ii) Net Income Rs. Opening Stock 12,000 Purchases (Net) 36,000 Closing Stock 16,000 Direct Expenses 4,000 Office Expenses 6,000 Selling Expenses 8,000 Financial Expenses 4,000 Sales 70,000 Purchases Returns 6,000 The solution of Question 7 Chapter 1 - Unimax: Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 12,000+ 36,000+4,000-1

Question 8 Chapter 1 - Unimax Publications of Class 11

Question 8 Chapter 1 - Unimax 8. Calculate Merchandise Cost, gross profit and net income from the following: Rs. Purchases (3,000 articles) 25,000 Freight 1,500 Local Taxes 1,000 Salaries 2,500 Shop Rent 500 Godown Rent 500 Electric Charges 600 Municipal Taxes 200 Stationery 250 Furniture (estimated life 5 years) 12,000 Sales (2,700 Articles) 32,000 The solution of Question 8 Chapter 1 - Unimax: Merchandise Cost = Opening Stock + Net Purchases + Direct Expenses

Question 9 Chapter 1 - Unimax Publications of Class 11

Question 9 Chapter 1 - Unimax 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

Question 10 Chapter 1 - Unimax Publications of Class 11

Question 10 Chapter 1 - Unimax 10. From the following data of Manjul , Find out the cost of goods sold and sales for the year 2020-21 Rs. Opening Stock 50,000 Purchases during the year 4,00,000 Purchase return 20,000 Import duty 20,000 Closing Stock 60,000 G. P. 25% on sales The solution of Question 10 Chapter 1 - Unimax: COGS = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 50,000 + (4,00,000-20,000)+20,000 - 60,000 = Rs. 50,000+3,80,000+20,

Question 11 Chapter 1 - Unimax Publications of Class 11

Question 11 Chapter 1 - Unimax 11. From the following data of Mr. Manav, Find out the cost of goods sold and sales per the year 2020-21 Rs. Opening Stock 50,000 Purchases 1,50,000 Octroi Duty 30,000 Stock on 31-3-2021 40,000 G.P. 30% on Cost The solution of Question 11 Chapter 1 - Unimax: COGS = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 50,000+ 1,50,000+ 30,000-40,000 = Rs. 2,30,000 – 40,000 = Rs. 1,90,000 GP = 30 % on Cost

Question 12 Chapter 1 - Unimax Publications of Class 11

Question 12 Chapter 1 - Unimax 12. From the following data of Avneet. Find out the cost of goods sold and sales for the year20-21. Rs. Opening Stock 60,000 Purchases during the year 4,00,000 Purchases Return 30,000 Octroi Duty 30,000 Stock on 31-3-2021 60,000 G.P. 20% on Cost The solution of Question 12 Chapter 1 - Unimax: COGS = Opening Stock + Net Purchases + Direct Expenses – Closing Stock = Rs. 60,000+ (4,00,000-30,000)+30,000-60,000 = Rs. 60,000+3,70,000+30,00

Problem 1 Chapter 1 - Unimax Publications of Class 11

Problem 1 Chapter 1 - Unimax From the following calculate the cost of goods sold : Rs. Opening Stock 27,000 Purchases 1,57,000 Direct Expenses 22,500 Closing Stock 24,000 The Solution of Problem 1 Chapter 1 - Unimax Cost of goods sold = Opening Stock + Net Purchases +Direct Expenses = Rs. 27,000+ 1,57,000+22,500-24,000 = Rs. 1,82,500 This is all about Problem 1 Chapter 1 - Unimax. You can check out the following article to better understand: Financial Accounting

Problem 2 Chapter 1 - Unimax Publications of Class 11

Problem 2 Chapter 1 - Unimax From the following calculate:(i) Cost of goods sold(ii) Gross Profit Rs. Opening Stock 12,000 Purchases 1,17,000 Direct Expenses 2,200 Closing Stock 7,500 Sales 1,42,000 Return outwards 7,500 The solution of Problem 2 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses-Closing Stock = Rs. 12,000+ [1,17,000- 7,500] +2,200- 7,500 = Rs. 1,16,200 (ii) Gross Profit =Net Sales- Cost of goods s

Problem 3 Chapter 1 - Unimax Publications of Class 11

Problem 3 Chapter 1 - Unimax PROBLEM From the following calculate Gross Profit/Gross Loss. Rs. Opening Stock 20,000 Net Purchases 95,000 Net Sales 1,00,000 Closing Stock 12,000 Indirect Expenses 2,000 Direct Expenses 3,200 The solution of Problem 3 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses = Rs. 20,000+95,000+3,200-12,000 = Rs. 1,06,200 (ii) Gross loss = Cost of goods sold - Net Sales = Rs. 1,06,200-1,00

Problem 4 Chapter 1 - Unimax Publications of Class 11

Problem 4 Chapter 1 - Unimax PROBLEMFrom the following calculate(i) Gross Profit and (ii) Net Profit Rs. Opening Stock 2,500 Closing Stock 2,300 Purchases 97,000 Sales 1,00,000 Purchases Returns 2,000 Direct Expenses 1,200 Indirect Expenses 8,000 The solution of Problem 4 Chapter 1 - Unimax (i) Cost of goods sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock Net Purchases = Purchases-Purchases Returns = Rs. 97,000-2,000 = Rs. 95,00

Question 1 Chapter 1 - Unimax Publications of Class 11

Question 1 Chapter 1 - Unimax 1. The value of opening stock is Rs. 20,000, Purchases are Rs. 2,00,000 and the cost of goods in hand at the end of the year is Rs. 40,000. Find out the cost of goods sold. The solution of Question 1 Chapter 1 - Unimax: Rs. Opening Stock 20,000 Purchases 2,00,000 Closing Stock 40,000 Cost of Goods Sold = Opening Stock + Purchases - Closing Stock = ₹ 20,000 + 2,00,000 - ₹ 40,000 = ₹ 1,80,000 This is all about the Question 1 Chapter 1 -

Unimax class 11 - 2021 Solutions Chapter No. 1 Introduction of Accounting - Unimax +1 – Detailed Q&A

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Accounting Equation: Assets = Liabilities + Owner's Equity.
Dual Aspect Concept: Every transaction has a double effect (debit and credit).
Going Concern: Assumes the business will continue operations indefinitely.

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Q1. Problem 1 Chapter 1 - Unimax Publications of Class...
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Q5. Question 1 Chapter 1 - Unimax Publications of Clas...
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Chapter No. 1 Introduction of Accounting - Unimax +1

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Unimax class 11 - 2021 Solutions Chapter No. 1 Introduction of Accounting - Unimax +1

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Table of Contents

Problem 1 Chapter 1 - Unimax Publications of Class 11

The Solution of Problem 1 Chapter 1 - Unimax

Problem 2 Chapter 1 - Unimax Publications of Class 11

Problem 3 Chapter 1 - Unimax Publications of Class 11

Problem 4 Chapter 1 - Unimax Publications of Class 11

Question 1 Chapter 1 - Unimax Publications of Class 11

Question 2 Chapter 1 - Unimax Publications of Class 11

Question 3 Chapter 1 - Unimax Publications of Class 11

Question 4 Chapter 1 - Unimax Publications of Class 11

Question 5 Chapter 1 - Unimax Publications of Class 11

Question 6 Chapter 1 - Unimax Publications of Class 11

Question 7 Chapter 1 - Unimax Publications of Class 11

Question 8 Chapter 1 - Unimax Publications of Class 11

Question 9 Chapter 1 - Unimax Publications of Class 11

Question 10 Chapter 1 - Unimax Publications of Class 11

Question 11 Chapter 1 - Unimax Publications of Class 11

Question 12 Chapter 1 - Unimax Publications of Class 11

Sarbjit SinghB.Com and M.Com

	Rs.
Opening Stock	27,000
Purchases	1,57,000
Direct Expenses	22,500
Closing Stock	24,000

Cost of goods sold	= Opening Stock + Net Purchases +Direct Expenses
	= Rs. 27,000+ 1,57,000+22,500-24,000
	= Rs. 1,82,500