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Advertisement Question 12 Chapter 13 – Class 11 Unimax The following facts were extracted as at 31st December, 2019 from the books of P.K. Sen Gupta who keeps a double column cash book: ₹ Bank balance as per cash Read More …
Advertisement Question 11 Chapter 13 – Class 11 Unimax The following facts relate to the business of Sardar Harnam Singh who requires you to reconcile his cash book balance with his pass book balance. ₹ Balance as per cash Read More …
Advertisement Question 10 Chapter 13 – Class 11 Unimax On checking Ram’s cash book with the bank statement of his overdraft current account for the month of November 2019, you find the following: (a) Cash book showed an overdraft of Read More …
Advertisement Question 9 Chapter 13 – Class 11 Unimax From the following particulars, ascertain the bank balance as per pass book of Banarsi Das as at 31st March,2020: (a) Credited balance as per cash book on 31st March,2020 was ₹ Read More …
Advertisement Question 8 Chapter 13 – Class 11 Unimax From the following information, prepare a Bank Reconciliation Statement as on 31.12.2019: (1) Bank balance as per cash book ₹ 5,200 (overdraft). (2) Cheque drawn but not cashed by the customers Read More …
Advertisement Question 7 Chapter 13 – Class 11 Unimax On 31.12.2019, the cash book of Roy brothers showed an overdraft of ₹ 5,600. From the following particulars, prepare a bank reconciliation statement as on 31.12.2019: (1) Cheque drawn but not Read More …
Advertisement Question 6 Chapter 13 – Class 11 Unimax On 31st December,2019 the cash book of a merchant showed a bank overdraft of ₹ 1,729. On comparing the cash book with the bank pass book, the following discrepancies were noted: Read More …
Advertisement Question 5 Chapter 13 – Class 11 Unimax From the following particulars, ascertain the balance by means of the statement that would appear in the pass book of Mr. Swaminath as on 31st December 2019. (1) Overdraft as per Read More …
Advertisement Question 4 Chapter 13 – Class 11 Unimax A trader prepares at the end of each month a bank reconciliation statement for his business. Draft one such statement from the undermentioned items as on 31 December,2019. (1) Cash and Read More …
Advertisement Question 3 Chapter 13 – Class 11 Unimax From the following particulars, prepare a bank reconciliation statement showing the balance as per bank pass book on 31 March,2020. The following cheque were paid into firm’s current account in March,2020 Read More …
Advertisement Question 2 Chapter 13 – Class 11 Unimax The cash book of a merchant showed a bank balance of ₹ 7,500 on 31st December 2019. On going through the cash book, it was found that two cheques for ₹ Read More …
Advertisement Question 1 Chapter 13 – Class 11 Unimax At the end of the year, prem Chawla’s cash book showed a bank balance of ₹ 1,850. On comparing the same with the bank passbook, he found that cheques amounting to Read More …
Advertisement Question 9 Chapter 12 – Class 11 Unimax 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%. Read More …
Advertisement Question 8 Chapter 12 – Class 11 Unimax A company decided to transfer ₹ 400 every year to repair and renewals reserve account maintained for a machine recently purchased. In the 1st 4 years, annual repairs were ₹ 50, Read More …
Advertisement Question 7 Chapter 12 – Class 11 Unimax 7. It is estimated by a company that it will require an additional sum of ₹ 3,00,000 after four years to replace its existing plant. It created a specific reserve for Read More …
Advertisement Question 6 Chapter 12 – Class 11 Unimax 6. Following balance were extracted from the Trial Balance of M/s Duggal Traders as on 31.3.2019 Name of accounts L.F. Dr. Cr. Sundry debtors 5,00,000 Discount allowed 17,000 Read More …
Advertisement Question 5 Chapter 12 – Class 11 Unimax 5. On 31st December 2018, Sundry debts were ₹ 2,50,000, on which a provision for doubtful debts was to be made at 2%During 2019, there were bad debts amounted to ₹ Read More …
Advertisement Question 4 Chapter 12 – Class 11 Unimax Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2019: ₹ Debtors Read More …
Advertisement Question 3 Chapter 12 – Class 11 Unimax The following information is extracted from the Trial Balance of M/s. Nisha Trader on 31st Dec. 2019: ₹ Sundry debtors 80,500 Provision for Bad Debts 5,000 Bad Read More …
Advertisement Question 2 Chapter 12 – Class 11 Unimax An extract of the trial balance from the books of Tahiliani and sons enterprise on December 31, 2019, is given below: Name of the account Dr. Amount Cr. Amount Sundry debtors Read More …
Advertisement Question 1 Chapter 12 – Class 11 Unimax 1. The following are the extracts of the trial balance as on 31st March 2020. Sundry debtors 42,000 Addition information-(1) Book debts proved bad but not recorded amounted to ₹ Read More …
Advertisement Question 45 Chapter 7 – Class 12 Part 1 Unimax 45. A, B and C were sharing profits and losses in the ratio of 3 : 2 : 1. They agreed to dissolve their partnership firm on-31st March, 2022, Read More …
Advertisement Question 44 Chapter 7 – Class 12 Part 1 Unimax 44. The partnership between Read and Write was dissolved on December 31, 2022. On that date, respective credits to the capitals were Read 1,70,000 and Write 30,000; 20,000 were Read More …
Advertisement Question 43 Chapter 7 – Class 12 Part 1 Unimax 43. X, Y and Z commenced business on 1st January 2021, with capitals of 1,00 000 50,000 and 60,000 respectively. Profits and Losses were shared in the ratio of Read More …
Advertisement Question 42 Chapter 7 – Class 12 Part 1 Unimax 42. A and B were partners from January 1, 2021 with capitals of 60,000 and 40,000 respectively. Their profit sharing ratio was in proportion to capitals as originally contributed Read More …
Advertisement Question 41 Chapter 7 – Class 12 Part 1 Unimax 41. Leena and Cheena commenced business on 1st January,- 2022 with capitals of 70,000 and 60,000 and agreed to share profits in the ratio of 3 : 2. The Read More …
Advertisement Question 40 Chapter 7 – Class 12 Part 1 Unimax 40. Peter, Roberts and Sunny commenced business on 1st April, 2020 with capitals of 60,000, 50,000 and 40,000 respectively. Profits for the first year were T 50,000 while the Read More …
Advertisement Question 39 Chapter 7 – Class 12 Part 1 Unimax 39. X, Y and Z commenced business on January 1, 2021 with capitals of 1,20,000, 50,000 and 50,000 respectively. Profits and losses were shared in 2 : 2 : Read More …
Advertisement Question 38 Chapter 7 – Class 12 Part 1 Unimax 38. A. B and C commenced business of book publishing on 1st April, 2022 with capitals of 1.00,000, 80.000 and R.: 60,000 respectively. Profits and Losses were shared in Read More …
Advertisement Question 37 Chapter 7 – Class 12 Part 1 Unimax 37. Sachin and Tarun were partners sharing profits and losses as to 2/3 and 1/3 respectively. On 31st December 2022, they dissolved the partnership firm when their books showed Read More …
Advertisement Question 36 Chapter 7 – Class 12 Part 1 Unimax 36. Ashok and Kishore were in partnership sharing profits in the ratio of 3 : 1. They agreed to dissolve the firm. The assets (other than cash of 2,000) Read More …
Advertisement Question 35 Chapter 7 – Class 12 Part 1 Unimax 35. On 1st January. 2022 A, 13 and C commenced business in partnership sharing profits and losses in the ratio of 3 : 2 : 1 respectively. They paid Read More …
Advertisement Question 34 Chapter 7 – Class 12 Part 1 Unimax 34. A, B and-C were partners in a firm sharing profits in the ratio of 4 3 3. On 1.4.2022 the decided to dissolve the firm. On that date Read More …
Advertisement Question 33 Chapter 7 – Class 12 Part 1 Unimax 33. P and Q were partners sharing profits 3/5th and 2/5th respectively. At the date of dissolution their capitals were P 7,650 and Q R. 4,300. The creditors amounted Read More …
Advertisement Question 32 Chapter 7 – Class 12 Part 1 Unimax 32. Aviral, Advitya Avneesh were partners in a firm sharing profits & losses in 2 :2: 1. They decided to dissolve the partnership and appointed Aviral to realise the Read More …
Advertisement Question 31 Chapter 7 – Class 12 Part 1 Unimax 31. P. Q and R were partners sharing profits & losses in ratio 5 : 3 : 2. The partnership firm was dissolved on 313.2022, when their books showed Read More …
Advertisement Question 30 Chapter 7 – Class 12 Part 1 Unimax 30. Y and Z were sharing profits in the ratio of 2 : 2 : . They agreed upon dissolution of their partnership on 31st March, 2022 on which Read More …
Advertisement Question 29 Chapter 7 – Class 12 Part 1 Unimax 29. A, B and C were partners in a firm and shared profits in the ratio of 3 : 2 : 1. On 31.12.2022, their Balance Sheet was as Read More …
Advertisement Question 28 Chapter 7 – Class 12 Part 1 Unimax 28. The following was the Balance Sheet of Arvind and Balbir as on 31st December. 2022 : Liabilities Amount Assets Amount Trade creditors 45,000 Cash 750 Bills Read More …
Advertisement Question 27 Chapter 7 – Class 12 Part 1 Unimax 27. The Balance Sheet of A, B and C sharing profits and losses in 3 : 2 : 1 respectively stood as follows on June 30, 2022 Liabilities Amount Read More …
Advertisement Question 26 Chapter 7 – Class 12 Part 1 Unimax 26. The following was the Balance 26. A, B and C who were sharing the profits and losses in the ratio of 3 : 1 : 1 respectively decided Read More …
Advertisement Question 25 Chapter 7 – Class 12 Part 1 Unimax 25. The following was the Balance Sheet of A and B as on 31st December, 2022 Liabilities Amount Assets Amount Creditors 30,000 Cash in Hand 8,500 Bills Read More …
Advertisement Question 24 Chapter 7 – Class 12 Part 1 Unimax 24. A, B and C were in partnership sharing profits at 7 : 2 : 1 and the Balance Sheet of the firm as on 31st December, 2022 was Read More …
Advertisement Question 23 Chapter 7 – Class 12 Part 1 Unimax 23. A, B and C were Partners in a firm, sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet on 31st December, 2022 was Read More …
Advertisement Question 22 Chapter 7 – Class 12 Part 1 Unimax 22. M, N and 0 sharing profits and losses in the ratio 3 : 2 : 1 agreed to dissolve their firm on 31st March, 2022. Their Balance Sheet Read More …
Advertisement Question 21 Chapter 7 – Class 12 Part 1 Unimax 21. A, B and C were partner sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2022, their Balance Sheet was as Read More …
Advertisement Question 20 Chapter 7 – Class 12 Part 1 Unimax 20. Mrs. Ritu Chaudhary and Miss Shobha were partners in a firm, ‘Fancy Garments Exports’ sharing profits and losses equally. On 1st January, 2022, the Balance Sheet of the Read More …
Advertisement Question 19 Chapter 7 – Class 12 Part 1 Unimax 19. Following was the Balance Sheet of D, G and T on 28.2.2022 Liabilities Amount Assets Amount Sundry Creditors 50,000 Bank 20,000 Bills Payable 10,000 Debtors Read More …
Advertisement Question 18 Chapter 7 – Class 12 Part 1 Unimax 18. E, F and G sharing profits equally dissolved their firm on 30th June 2022, on which date their Balance Sheet was as follows Liabilities Amount Assets Amount Sundry Read More …
Advertisement Question 23 Chapter 11 – Unimax Publications of Class 11 23. (with GST). ABC Ltd. Purchased on 1st April,2018 a plant for ₹ 1,00,000 plus CGST And SGST @ 6% each. On 1st October 2018, an additional plant was Read More …
Advertisement Question 22 Chapter 11 – Unimax Publications of Class 11 On January 01,2017 Khosla Transport Co. purchased five trucks for ₹ 20,000 each. Depreciation has provided at the rate of 10% p.a. using straight line method and accumulated in Read More …
Advertisement Question 21 Chapter 11 – Unimax Publications of Class 11 The following balance appear in the books of Gupta Ltd.Machinery A/c as on 1.4.2019 = ₹ 8,00,000povision for depreciation as on 1.4.2019 = ₹ 3,10,000On 1.7.2019 a machinery which Read More …
Advertisement Question 20 Chapter 11 – Unimax Publications of Class 11 On 1st Jan., 2017 a company purchased a machinery for ₹ 10,000. It spent ₹ 2,000 on its erection. On 1st July,2017 it purchased another machinery for ₹ 4,000. Read More …
Advertisement Question 19 Chapter 11 – Unimax Publications of Class 11 A firm purchased on 1st January, 2017 certain machinery for ₹ 5,82,000 and spent ₹ 10,8000 on its erection. On 1st July, 2017, additional machinery costing ₹ 2,00,000 was Read More …
Advertisement Question 18 Chapter 11 – Unimax Publications of Class 11 A company whose accounting year is the calendar year purchased on 1st April, 2017 machinery costing ₹ 30,000. It further purchased machinery on 1st Oct.2017 costing ₹ 20,000 and Read More …
Advertisement Question 17 Chapter 11 – Unimax Publications of Class 11 On 1.1.2019, Mrs. Neelam Sharma bought a machinery for ₹ 25,000 on which she spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middle-man, ₹ Read More …
Advertisement Question 16 Chapter 11 – Unimax Publications of Class 11 “Astha” Engineering works purchased a machine on 1st April, 2021 for ₹ 1,80,000 and spent ₹ 20,000 on its installation.On the 1st January 2022 it purchased another machine for Read More …
Advertisement Question 15 Chapter 11 – Unimax Publications of Class 11 15. A company purchased a machinery for ₹ 50,000 on 1st July,2021. Another machinery costing ₹ 10,000 was purchased on 1st sept. 2022. On 31st dec.,2023, the machinery purchased Read More …
Advertisement Question 14 Chapter 11 – Unimax Publications of Class 11 M/s Krishana publication purchased machinery for ₹ 40,000 on 1.7.2021. Depreciation is provided @ 10% p.a. on Diminishing balance. On 31.10.2023 one -fourth of the machinery was found unsuitable Read More …
Advertisement Question 13 Chapter 11 – Unimax Publications of Class 11 The original cost of machinery amount to ₹ 4,000 and it is decided to write off 5% on the Diminishing value of asset as depreciation at the end of Read More …
Advertisement Question 12 Chapter 11 – Unimax Publications of Class 11 The original cost of machinery amount to ₹ 4,000 and it is decided to write off 5% on the Diminishing value of asset as depreciation at the end of Read More …
Advertisement Question 11 Chapter 11 – Unimax Publications of Class 11 Diminishing Balance Method Question.11 A company purchased a plant for ₹ 60,000 on 1st Jan.,2016. It is estimated that scrap value of this plant at the end of its Read More …
Advertisement Question 10 Chapter 11 – Unimax Publications of Class 11 X Ltd. has imported a machinery on 1st July, 2021 for ₹ 1,28,000, paid customs duty and freight ₹ 65,000 and incurred erection charges ₹ 48,000. Another local machinery Read More …
Advertisement Question 9 Chapter 11 – Unimax Publications of Class 11 K. Ltd. Purchased a machinery worth ₹ 8,00,000 as 1st January,2016. On 1st July,2017 it purchased a new machinery for ₹ 2,60,000 and spent ₹ 40,000 on its cartage Read More …
Advertisement Question 8 Chapter 11 – Unimax Publications of Class 11 From the following transactions of a concern, prepare machinery account for the year ending 31st Dec.2019:Jan.1: Purchased a second-hand machinery for ₹ 40,000.Jan.1: Spent ₹ 10,000 on repair for Read More …
Advertisement Question 6 Chapter 11 – Unimax Publications of Class 11 A company purchased machinery on 1st April,2018 costing ₹ 29,500, it spent ₹ 500 on its carriage. It further purchased machinery on 1st October,2018 costing ₹ 20,000 and on Read More …
Advertisement Question 5 Chapter 11 – Unimax Publications of Class 11 A Maruti van was purchased on 1.1.2021 for ₹ 60,000 and ₹ 5,000 was spent on its repairs and registration. On 1.7.2022 another van was purchases for ₹ 70,000. Read More …
Advertisement Question 4 Chapter 11 – Unimax Publications of Class 11 A company purchases a plant for ₹ 31,000 on January 1,2019. If further spent ₹ 1400 on its installation. It was brought into use from 1st May,2019. You are Read More …
Advertisement Question 3 Chapter 11 – Unimax Publications of Class 11 Vasu & Co. acquired a machine on 1st July,2016 at a cost of ₹ 70,000 and spent ₹ 5,000 on its installation and carriage. The firm writes off depreciation Read More …
Advertisement Question 2 Chapter 11 – Unimax Publications of Class 11 On 1st January 2016, a limited company purchases a machine for ₹ 72,000 and spent ₹ 4,000 on its installation. At the date of purchase, it was estimated that Read More …
Advertisement Question 1 Chapter 11 – Unimax Publications of Class 11 Straight Line Method A company purchases a plant for ₹ 20,000. The useful life of the plant of the plant is 8 years and the estimated residual value after Read More …
Advertisement Question 40 Chapter 10 – Unimax Publications of Class 11 40 Trial balance of Madan did not agee and he put the difference to suspense account. He discovered the following errors:(a) Sales return book overcast by ₹ 800.(b) Purchases Read More …
Advertisement Question 39 Chapter 10 – Unimax Publications of Class 11 39 Rectify the following errors and ascertain the amount of difference in trial balance by preparing suspense account.(a) Credit sales to Mohan ₹ 7,000 were not posted.(b) Credit purchases Read More …
Advertisement Question 38 Chapter 10 – Unimax Publications of Class 11 38 Rectify the following errors.(a) Salary paid ₹ 5,000 was debited to employee’s personal account.(b) Rent paid ₹ 4,000 was posted to landlord’s personal account.(c) Goods withdrawn by proprietor Read More …
Advertisement Question 37 Chapter 10 – Unimax Publications of Class 11 Rectify the following error:(1) Credit sales to Mohan ₹ 7,000 were recorded as ₹ 700.(2) Credit purchases from Rohan ₹ 9,000 were recorded as ₹ 900.(3) Goods returned to Read More …
Advertisement Question 36 Chapter 10 – Unimax Publications of Class 11 Rectify the Following errors:(1) Credit sales to Mohan ₹ 7,000 were not recorded.(2) Credit purchases from Rohan ₹ 9,000 were not recorded.(3) Goods returned to Rakesh ₹ 4,000 were Read More …
Advertisement Question 35 Chapter 10 – Unimax Publications of Class 11 35 Trial balance of Raju showed exces debit of 10,000. He put the difference to suspense account and discovered the following errors.(a) Depreciation written off the furniture ₹ 6,000 Read More …
Advertisement Question 34 Chapter 10 – Unimax Publications of Class 11 34 Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.(a) Furniture purchases for ₹ 10,000 wrongly debited to Purchases account as ₹ Read More …
Advertisement Question 33 Chapter 10 – Unimax Publications of Class 11 33. Rectify the following errors assuming that suspense account was opened. Ascertain the difference in trial balance.(a) Credit sales to Mohan ₹ 7,000 were recorded in purchases book. However, Read More …
Advertisement Question 32 Chapter 10 – Unimax Publications of Class 11 32. Pass the entries to rectify the following errors with or without the help of suspense A/c:(1) A credit sale of goods of ₹ 120 to Ramesh has been Read More …
Advertisement Question 31 Chapter 10 – Unimax Publications of Class 11 31. The books of Deven Verma could not be tallied. The accountant transferred the difference of ₹ 1,270 in the suspense account on the debit side. The following mistakes Read More …
Advertisement Question 30 Chapter 10 – Unimax Publications of Class 11 30. Rectify the following errors.(1) ₹ 760 paid for wages for construction of showcase (furniture), wrongly debited to wages a/c as 670.(2) ₹ 500 received from Anand against a Read More …
Advertisement Question 29 Chapter 10 – Unimax Publications of Class 11 29. Give journal entries rectify the following errors.(1) Sundry item of plant sold for ₹ 260 had been entered in sales book, the total of which book had been Read More …
Advertisement Question 28 Chapter 10 – Unimax Publications of Class 11 28. Draft journal for rectifying the errors. Also prepare the suspense A/c.(a) A purchases of 196, posted to the debit of suppliers A/c Mr. Gopal.(b) Sales of an machinery Read More …
Advertisement Question 27 Chapter 10 – Unimax Publications of Class 11 27 A book-keeper while balance his books finds that he is out excess credit ₹ 88. Being required to prepare the final accounts, he place the difference to a Read More …
Advertisement Question 26 Chapter 10 – Unimax Publications of Class 11 26. Pass rectifying journal entries:(1) A credit sales of goods for ₹ 2,500 to Krishna has been wrongly passed through the purchases book.(2) ₹ 5,000 paid for freight on Read More …
Advertisement Question 25 Chapter 10 – Unimax Publications of Class 11 25. Give rectifying entries for the following:(1) Sales of goods ₹ 6,000 to Madan were recorded as ₹ 600 in the sales book.(2) A credit purchase of goods from Read More …
Advertisement Question 24 Chapter 10 – Unimax Publications of Class 11 24. Give rectifying entries for the following:(1) Sales of goods ₹ 6,000 to Mohan were recorded as ₹ 600 in the sales book.(2) A credit purchases of goods from Read More …
Advertisement Question 23 Chapter 10 – Unimax Publications of Class 11 23. Give rectifying journal entries for the following errors:(a) Sales return book is undercast by ₹ 2,000.(b) Goods worth ₹ 2,400 purchased on credit from Vikram were entered in Read More …
Advertisement Question 22 Chapter 10 – Unimax Publications of Class 11 22. Rectified the following errors:(1) Purchases book overcast by ₹ 500(2) Salary paid to an employee Mr. Ajay debited to his personal account ₹ 3,000.(3) Goods sold to Shahi Read More …
Advertisement Question 21 Chapter 10 – Unimax Publications of Class 11 21. Rectify the following errors:(1) The total of one page of the sales book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587.(2) A Read More …
Advertisement Question 20 Chapter 10 – Unimax Publications of Class 11 20. Give rectifying entries of the following:(1) Sales of ₹ 20,000 to Manoj were recorded as ₹ 2,000 in sales book.(2) An amount of ₹ 25,000 spent for the Read More …
Advertisement Question 19 Chapter 10 – Unimax Publications of Class 11 There was a difference of ₹ 720 in trial balance which has been transferred to credit side of suspense account. Pass rectifying entries and prepare suspense account to rectify Read More …
Advertisement Question 18 Chapter 10 – Unimax Publications of Class 11 Give journal entries necessary to correct these errors and prepare the suspense account. A trial balance disclosed a difference of ₹ 417, placed on credit side of suspense account. Read More …
Advertisement Question 17 Chapter 10 – Unimax Publications of Class 11 17. A book keeper while balancing his books found that there was a difference of ₹ 86.12 in the trial balance. Being required to prepare the final account he Read More …
Advertisement Question 16 Chapter 10 – Unimax Publications of Class 11 The Trial Balance of M/s Gupta and sons shows a difference of ₹ 52,200. To prepare the final A/c on 31st march 2023, this difference is placed in a Read More …
Advertisement Question 15 Chapter 10 – Unimax Publications of Class 11 Show how you would correct the following errors, giving journal entries with due narration as are necessary:(a) A amount of ₹ 105.15 for a credit sales to C.B. Gupta, Read More …
Advertisement Question 14 Chapter 10 – Unimax Publications of Class 11 Correct the following errors:(1) A sale of ₹ 300 was made to X and entered correctly in the sales book, but posted to the debit of Y as ₹ Read More …
Advertisement Question 13 Chapter 10 – Unimax Publications of Class 11 How will you rectify the following errors: (a) An amount of ₹ 500 withdrawn by the proprietor for his personal use has been debited to trade expenses account.(b) ₹ Read More …
Advertisement Question 12 Chapter 10 – Unimax Publications of Class 11 Give rectifying journal entries for the following errors. (1) A purchases of goods form A amounting to ₹ 250 has been wrongly passed through the sales book.(2) ₹ 1,500 Read More …