Advertisement Question 27 Chapter 8 of Class 11 Unimax Publications 27. Enter the following transactions of Shan, Kolkata in the Subsidiary Books and into the Ledger and prepare Trial Balance : 2020 Apr. 1 Shan started a business Read More …
Category: Unimax Accountancy Class 11
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Question 26 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 26 Chapter 8 of Class 11 Unimax Publications 26. Shri Sagar Raina purchased a running business on 1St April, 2020 at an agreed value of 10,00,000. Following are the assets and liabilities taken over.Land and Building 4,00,000; Plant Read More …
Question 25 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 25 Chapter 8 – of Class 11 Unimax Publications 25. Pass necessary adjustment entries for the following in the books of Shri Swaran Singh the end of accounting year on 31st March, 2020: (i) Salary of 1,000 for Read More …
Question 24 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 24 Chapter 8 – of Class 11 Unimax Publications 24. The Balance Sheet of Jaskaran as at 31st March, 2020 is as under : Liabilities Amount Assets Amount Outstanding Salaries 10,000 Cash in Hand 20,000 Sundry Creditors 90,000 Read More …
Question 23 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 23 Chapter 8 of Class 11 Unimax Publications 23. Record the following transactions in Purchases Book, Sales Book and Returns Book of Mr. Manik. 2019 Nov. 3 Purchased goods from P & Co. less 15% trade discount, Read More …
Question 22 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 22 Chapter 8 of Class 11 Unimax Publications 22. Record the following transactions of Harry Marketing, Amritsar into proper subsidiary books, close the subsidiary books on 31st January and post them into Ledger Accounts: 2020 Jan. 1 Read More …
Question 21 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 21 Chapter 8 of Class 11 Unimax Publications 21. Record the following transactions in subsidiary books of Gursant. Mar. 3 Bought from Anand Mills 600 sarees at 250 per saree andout of it 300 sarees Were sold to Read More …
Question 20 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 20 Chapter 8 of Class 11 Unimax Publications 20. Enter the following transactions in the proper Subsidiary Books of M/s Sneha. 2019 Nov. 1 Sold to Thakur & Co.20 electric irons @ 11010 electric stoves @ 225 Read More …
Question 19 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 19 Chapter 8 of Class 11 Unimax Publications 19. Record the following transactions of Abhay & Co., Kolkata in the Returns Inward Book and post these transactions into the Ledger accounts: 2020 Jan. 1 Ramesh & Co., Read More …
Question 18 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 18 Chapter 8 of Class 11 Unimax Publications 18. Prepare Sales Return Book in the Books of Lal & Co., Delhi from the following transactions. 2020 April 6 Goods returned by Ganga Prashad & Co., Delhi:2 Table Read More …
Question 17 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 17 Chapter 8 of Class 11 Unimax Publications 17. Enter the following transactions in, the Sales Returns Book in the books Rama Provisions. 2020 Jan. 9 Returned by Goal & Co.40 bags Coffee @ 150 per bag20 Read More …
Question 16 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 16 Chapter 8 of Class 11 Unimax Publications 16. From the following particulars, prepare the Purchases Returns Book of .1indal & Co. a saree dealer and post them to the ledger. 4.1.2020 Returned to Goyal & Co., 5 Read More …
Question 14 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 14 Chapter 8 of Class 11 Unimax Publications 14. Enter the following transactions in the Purchases Return Book of Shri Govind : 2020 April 15 Returned goods to Ram Krishan & Sons for 2,000, Trade Discount 10%. Read More …
Question 15 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 15 Chapter 8 of Class 11 Unimax Publications 15. Record the following in Purchases Return Book and post them in ledger book: 2019 Dec. 10 Returned 2 washing machines purchased from M/s. Manohar Electronics at the list Read More …
Question 13 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 13 Chapter 8 of Class 11 Unimax Publications 13. Khanna Enterprises based in Delhi supplies books and stationery to resells India. During the month of August, 2019, it had following transactions 2019 Aug. 3 Purchased from Eastern Read More …
Question 12 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 12 Chapter 8 of Class 11 Unimax Publications 12. Enter the following transactions in the Sales book of Simran. 2020 Jan. 1 Sold to Jai Durga House50 Dozen Pencils @ 20 per doz.20 Dozen Pens @ 5 Read More …
Question 11 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 11 Chapter 8 of Class 11 Unimax Publications 11. Prepare Sales Book from the following particulars of Sai Electricals : (with GST) 2019Nov. 1 Sold to Rathan & Sons.7 electric irons @ 235 cads.4 electric stoves @ 450 Read More …
Question 10 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 10 Chapter 8 of Class 11 Unimax Publications 10. Enter the following transactions in the Sales Book of M/s Alam & Co., Bombay, a dealer in stationary Mar. 4 Sold to Aggarwal Bros., New Delhi20 dozen pencils @ Read More …
Question 9 Chapter 8 of Class 11 Unimax Publications
Advertisement Question 9 Chapter 8 of Class 11 Unimax Publications 9. From the following transactions, prepare the Sales Book Mehra & Co., a saree dealer, and post them to the Ledger: 4.1.2020 Sold on credit to Goyal & Co., Rohtak Read More …
Question 8 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 8 Chapter 8 – of Class 11 Unimax Publications 8. (with GST). From the following transactions of M/s Ridhima sales, Kolkata, prepare a sales book: Mar.1 Sold to M/s. Gayatri tea, Assam, vide invoice No. 2005,3 chests of Read More …
Question 7 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 7 Chapter 8 – of Class 11 Unimax Publications 7. Prepare sales book from the following particulars of Baba ji flour mills. Jan.1 Sold to M/s Dabas & Co. 115 bags of wheat @ ₹ 82 per Read More …
Question 6 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 6 Chapter 8 – of Class 11 Unimax Publications 6. From the following particulars, write up the purchase book of Sahil who deals in furniture. Also, make the posting from the purchase book. Jan.1 Purchases from the Sukhi Read More …
Question 5 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 5 Chapter 8 – of Class 11 Unimax Publications 5. (with GST). From the following information on M/s. Divyam & Co., Delhi, prepare the purchases book for the month of February 2020: Jan.1 Purchases from M/s Rupa & Read More …
Question 4 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 4 Chapter 8 – of Class 11 Unimax Publications 4. The rough book of M/s Garg & Co. a stationery dealer contains the following: Feb.1 Purchases from Ritik & Co. on credit: 50 gross pencils @ ₹ Read More …
Question 3 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 3 Chapter 8 – of Class 11 Unimax Publications 3. Enter the following transactions in the purchases book of M/s Naveen Brothers, Mumbai and pass the journal entry: Apr.1 Purchases goods from Verme bros., Mumbai on credit vide Read More …
Question 2 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 2 Chapter 8 – of Class 11 Unimax Publications 2. Record the following transactions in the purchases book of S. Ganapaty of Ludhiana, a dealer in furniture: (with GST) 2020 Mar.1 Purchases from Punjabi furniture, Delhi Read More …
Question 1 Chapter 8 – of Class 11 Unimax Publications
Advertisement Question 1 Chapter 8 – of Class 11 Unimax Publications 1. M/s Ratan Sons, who are dealers in ready-made garments, purchase the following items, So prepare the purchases book. Aug.1 Purchases from M/s Parkash Chand & Sons, Mumbai, invoice Read More …
Question 24 Chapter No 17 – Class 11 Unimax
Advertisement Question 24 Chapter No 17 – Class 11 Unimax A trader, who has not kept a complete set of books, asks you to prepare his final accounts for the year ended 31st March, 2020. You are, however, able to Read More …
Question 23 Chapter No 17 – Class 11 Unimax
Advertisement Question 23 Chapter No 17 – Class 11 Unimax Rohit started business on 1st April, 2019, with a capital of ₹ 5,00,000. On the same day he purchased furniture for ₹ 60,000. From the following particulars obtained from his Read More …
Question 22 Chapter No 17 – Class 11 Unimax
Advertisement Question 22 Chapter No 17 – Class 11 Unimax Gaurav maintains incomplete records. He supplies you the following information: 31-3-2019 31-3-2020 Cash balance 20,000 40,000 Sundry Debtors 40,000 Sundry creditors 20,000 20,000 Stock 45,000 60,000 Unpaid expenses Read More …
Question 21 Chapter No 17 – Class 11 Unimax
Advertisement Question 21 Chapter No 17 – Class 11 Unimax Mandeep maintain incomplete records. An analysis of his cash book for the year ended 31st March,2020 is as follows: ₹ Cash Receipts: From sundry debtors 60,000 From cash Read More …
Question 20 Chapter No 17 – Class 11 Unimax
Advertisement Question 20 Chapter No 17 – Class 11 Unimax Priya maintain incomplete records. During the year 2019-20 the analysis of his ash book was as under: Receipts Amount Payments Amount Receipts from debtors 8,00,000 Bank overdraft (1-4-2019) 1,00,000 Additional Read More …
Question 19 Chapter No 17 – Class 11 Unimax
Advertisement Question 19 Chapter No 17 – Class 11 Unimax Jiya keeps in complete records. During the year 2019-20 he kept a cash book of which the following is an analysis:Receipts: Received from Debtors ₹ 60,000; Cash sales ₹ 30,000; Read More …
Question 18 Chapter No 17 – Class 11 Unimax
Advertisement Question 18 Chapter No 17 – Class 11 Unimax Ascertain the value of closing stock from the following particulars: ₹ Stock in the beginning 30,000 Purchases 1,00,000 Sales 2,00,000 Sales returns 8,000 Productive expenses 2,50,000 Rate of gross Read More …
Question 17 Chapter No 17 – Class 11 Unimax
Advertisement Question 17 Chapter No 17 – Class 11 Unimax Ascertain the value of opening stock from the following particulars: Amount Amount Purchases 60,000 Sales 1,00,000 Wages 12,000 Closing stock 60,000 Carriage inwards 6,000 Rate of gross profit Read More …
Question 16 Chapter No 17 – Class 11 Unimax
Advertisement Question 16 Chapter No 17 – Class 11 Unimax From the following information, ascertain the value of closing stock: ₹ Stock in the beginning 30,000 Cash sales 60,000 Credit sales 20,000 Purchases 1,00,000 Indirect expenses 20,000 Rate of Read More …
Question 15 Chapter No 17 – Class 11 Unimax
Advertisement Question 15 Chapter No 17 – Class 11 Unimax From the following information, ascertain the value of opening stock: Purchases 3,00,000 Wages 20,000 Sales 6,00,000 Carriage outwards 40,000 Closing stock 60,000 Rate of gross profit on cost of goods Read More …
Question 14 Chapter No 17 – Class 11 Unimax
Advertisement Question 14 Chapter No 17 – Class 11 Unimax Find out the credit purchases and total purchases from the following particulars: ₹ Balance of creditors on 1st April 2019 60,000 Balance of creditors on 31st March, 2020 70,000 Read More …
Question 13 Chapter No 17 – Class 11 Unimax
Advertisement Question 13 Chapter No 17 – Class 11 Unimax Find out the credit sales from the particulars given below: ₹ Balance of debtors on 1st April, 2019 50,000 Balance of debtors on 31st March, 2020 40,000 Cash received Read More …
Question 12 Chapter No 17 – Class 11 Unimax
Advertisement Question 12 Chapter No 17 – Class 11 Unimax Nitin keeps incomplete records. The statement of Affairs of her business as at 1st April,2019 was as follows: Liabilities Amount Assets Amount Creditors 20,000 Cash in hand 6,000 Capital 1,00,000 Read More …
Question 11 Chapter No 17 – Class 11 Unimax
Advertisement Question 11 Chapter No 17 – Class 11 Unimax Sakshi does not keep prepare records. From the following information find out profit for the ended 31st March, 2020 and also prepare a final statement of affairs as at that Read More …
Question 10 Chapter No 17 – Class 11 Unimax
Advertisement Question 10 Chapter No 17 – Class 11 Unimax Vinod tells you that his capital on 31st March, 2020 is ₹ 4,00,000 and his capital on 1st April, 2019 was ₹ 1,50,000. He further informs you that during the Read More …
Question 9 Chapter No 17 – Class 11 Unimax
Advertisement Question 9 Chapter No 17 – Class 11 Unimax Kunal commenced business on 1st April, 2019 with a capital of ₹ 3,00,000. On the same date he bought furniture which cost ₹ 60,000 and made purchases of goods worth Read More …
Question 8 Chapter No 17 – Class 11 Unimax
Advertisement Question 8 Chapter No 17 – Class 11 Unimax Kavita maintains incomplete records of her business. She wants to know the result of her business on 31st March 2020 and for that, following information’s are available: 1-4-2019 31-3-2020 Read More …
Question 7 Chapter No 17 – Class 11 Unimax
Advertisement Question 7 Chapter No 17 – Class 11 Unimax Aman maintains his books of accounts form incomplete records. His books provide the following information: 1-4-2019 31-3-2020 Cash 20,000 30,000 Bills receivable 40,000 Debtors 1,00,000 2,50,000 Stock 1,50,000 Read More …
Question 6 Chapter No 17 – Class 11 Unimax
Advertisement Question 6 Chapter No 17 – Class 11 Unimax Khamis started a business on 1 April, 2019 with a capital of ₹ 12,00,000. At the end of the year his total assets were ₹ 30,00,000 and external liabilities were Read More …
Question 5 Chapter No 17 – Class 11 Unimax
Advertisement Question 5 Chapter No 17 – Class 11 Unimax From the following information, calculate capital at the beginning: ₹ Capital at the end of the year 10,00,000 Drawing made during the year 2,00,000 Fresh capital introduced during the Read More …
Question 4 Chapter No 17 – Class 11 Unimax
Advertisement Question 4 Chapter No 17 – Class 11 Unimax Neetu started business with a capital of ₹ 8,00,000 on 1st April 2019. She borrowed from bank sum of ₹ 3,00,000 per annum (interest not yet paid) for business and Read More …
Question 3 Chapter No 17 – Class 11 Unimax
Advertisement Question 3 Chapter No 17 – Class 11 Unimax Samara started the business on April 1.2019 with a capital of ₹ 1,30,000. On March 31 2020 her incomplete records could the following date: (1) Amount due to suppliers of Read More …
Question 2 Chapter No 17 – Class 11 Unimax
Advertisement Question 2 Chapter No 17 – Class 11 Unimax Anant started a business on 1st April 2019, with a capital of ₹ 6,00,000. During the year he withdrew ₹ 50,000 for household expenses and introduced ₹ 50,000 as a Read More …
Question 1 Chapter No 17 – Class 11 Unimax
Advertisement Question 1 Chapter No 17 – Class 11 Unimax Anurag Keeps incomplete records of his business. He gives you the following information for the year ended 31st March,2020: ₹ Capital at the beginning of the year 8,00,000 Capital Read More …
Question 54 Chapter No 16 – Class 11 Unimax
Advertisement Question 54 Chapter No 16 – Class 11 Unimax Trial Balance of Mr. Gopal Das as at 31st March, 2020 was as follows: Particulars Debit Credit Purchases 8,12,525 Sales 12,62,000 Provision for doubtful debtors 26,000 Sundry Read More …
Question 53 Chapter No 16 – Class 11 Unimax
Advertisement Question 53 Chapter No 16 – Class 11 Unimax The Trial Balance of M/s Taj & Co. as on 31st December, 2019 was as follows: Particulars Debit Credit Purchases 1,62,505 Sales 2,52,400 Sundry debtors 5,200 Sundry Read More …
Question 52 Chapter No 16 – Class 11 Unimax
Advertisement Question 52 Chapter No 16 – Class 11 Unimax The following is the Trial Balance of Mr. Raj on 31st March 2020: Particulars Debit Credit Stock on 1.4.2019 62,000 Purchases and sales 3,15,000 4,48,000 Returns 3,700 2,500 Sundry Read More …
Question 51 Chapter No 16 – Class 11 Unimax
Advertisement Question 51 Chapter No 16 – Class 11 Unimax From the following balance extracted from the books of M/s Hariharan Brother, you are require to prepare the trading and profit and loss A/c and a balance sheet as on Read More …
Question 50 Chapter No 16 – Class 11 Unimax
Advertisement Question 50 Chapter No 16 – Class 11 Unimax Following are balance are the Trial balance on 31st March, 2020. Particulars ₹ Particulars ₹ Stock on commencement 22,810 Interest on securities 3,200 Purchases 77,100 Land and building 5,00,000 Sales Read More …
Question 49 Chapter No 16 – Class 11 Unimax
Advertisement Question 49 Chapter No 16 – Class 11 Unimax The following were the balance of YOGITA as on 30th June 2019: Debit balance ₹ Credit balance ₹ Cash in hand 540 Sales 98,780 Cash in bank 2,630 Purchases returns Read More …
Question 48 Chapter No 16 – Class 11 Unimax
Advertisement Question 48 Chapter No 16 – Class 11 Unimax From the following balance of Mr. Madan Mohan prepare trading and profit and loss A/c for the year ending 31st December, 2020 and a balance sheet as on that date: Read More …
Question 47 Chapter No 16 – Class 11 Unimax
Advertisement Question 47 Chapter No 16 – Class 11 Unimax The following Trial Balance is extracted from the books of Mr. Jaswant on 31st March, 2020 prepare Trading and Profit & Loss account and balance sheet as at 31st March, Read More …
Question 46 Chapter No 16 – Class 11 Unimax
Advertisement Question 46 Chapter No 16 – Class 11 Unimax From the following Trial Balance extracted from the books of M/s. Bhushan & Sons. Prepare a Trading and profit & Loss A/c for the year ended 30th September, 2019 and Read More …
Question 45 Chapter No 16 – Class 11 Unimax
Advertisement Question 45 Chapter No 16 – Class 11 Unimax From the following Trial Balance of Swarna Singh as at 31st March, 2020, prepare Trading and profit and loss Account and balance sheet: Debit balance ₹ Credit balance ₹ Opening Read More …
Question 44 Chapter No 16 – Class 11 Unimax
Advertisement Question 44 Chapter No 16 – Class 11 Unimax The following balance were extracted form the books of Shri R. Lal on March 3, 2020. Ledger A/v ₹ Ledger A/v ₹ Capital 1,00,000 Rent (Cr.) 2,100 Drawings 17,600 Railway Read More …
Question 43 Chapter No 16 – Class 11 Unimax
Advertisement Question 43 Chapter No 16 – Class 11 Unimax (with GST). Following Trial Balance is extracted from the books of a Rishi as at 31st March, 2020: Trial balance Particulars Debit Credit Furniture 32,000 Motor Vehicles 3,12,500 Read More …
Question 42 Chapter No 16 – Class 11 Unimax
Advertisement Question 42 Chapter No 16 – Class 11 Unimax The following Trial Balance is extracted from the books of Nikesh as at 31st March,2020: Trial balance Debit balance ₹ Credit balance ₹ Stock on 1.4.2019 50,000 Capital 3,20,000 Furniture Read More …
Question 41 Chapter No 16 – Class 11 Unimax
Advertisement Question 41 Chapter No 16 – Class 11 Unimax From the following Trial Balance of Mr. A prepare Trading and Profit & Loss Account for the year ended 31st March, 2020 and a balance sheet as on that date Read More …
Question 40 Chapter No 16 – Class 11 Unimax
Advertisement Question 40 Chapter No 16 – Class 11 Unimax From the following balance extracted from then books of Seth Damodaran Swarup, prepare a Trading and Profit and Loss Account for the year ended 31st March, 2020, and a Balance Read More …
Question 39 Chapter No 16 – Class 11 Unimax
Advertisement Question 39 Chapter No 16 – Class 11 Unimax The following are the balance extracted on 31st Dec. 2019 from the books of A: Balance ₹ Balance ₹ Capital A/c 38,000 Sales returns 2,000 Drawings A/c 3,000 Discount (Cr) Read More …
Question 38 Chapter No 16 – Class 11 Unimax
Advertisement Question 38 Chapter No 16 – Class 11 Unimax From the following figures prepare Trading and Profit & Loss Account for the year ending on 31st March, 2020 and Balance sheet as on that date: Debit balance ₹ Credit Read More …
Question 37 Chapter No 16 – Class 11 Unimax
Advertisement Question 37 Chapter No 16 – Class 11 Unimax From the following ledger balance prepare Trading and Profit & Loss Account for the year ended 31st March, 2020, and a balance sheet as on date: Balance ₹ Balance ₹ Read More …
Question 36 Chapter No 16 – Class 11 Unimax
Advertisement Question 36 Chapter No 16 – Class 11 Unimax The following are the Leger balance sheet of Amar Nath as on 31st March 2020: Balance ₹ Balance ₹ Sundry debtors 6,000 Sales 25,000 General expenses 1,200 Sundry creditors 2,000 Read More …
Question 35 Chapter No 16 – Class 11 Unimax
Advertisement Question 35 Chapter No 16 – Class 11 Unimax From the following Trial Balance expected from the books of Sharma and sons, prepare Trading and profit & loss account for the year ended 31st December, 2019 and Balance Sheet Read More …
Question 34 Chapter No 16 – Class 11 Unimax
Advertisement Question 34 Chapter No 16 – Class 11 Unimax The following is the Trial Balance of Shri Ram Prakash as on 31st March 2020: Particulars Debit Credit Capital 41,000 Plant & Machinery 51,000 Furniture 2,600 Stock Read More …
Question 33 Chapter No 16 – Class 11 Unimax
Advertisement Question 33 Chapter No 16 – Class 11 Unimax 33. From the following Trial Balance of M/s KNHD as on 31st December, 2019. Prepare Trading and Profit & Loss A/c and balance sheet: Particulars Debit Credit Stock at commencement Read More …
Question 32 Chapter No 16 – Class 11 Unimax
Advertisement Question 32 Chapter No 16 – Class 11 Unimax From the following Trial Balance as on 31st March,2020, you are required to prepare a Trading and profit and loss A/c for the year ended 31st March, 2020 and a Read More …
Question 31 Chapter No 16 – Class 11 Unimax
Advertisement Question 31 Chapter No 16 – Class 11 Unimax From the following ledger accounts of Mr. Rakesh Roshan prepare a trading and profit & loss account and a balance sheet as on 31st Dec.2019 after making the necessary adjustment: Read More …
Question 30 Chapter No 16 – Class 11 Unimax
Advertisement Question 30 Chapter No 16 – Class 11 Unimax 30. (with GST). Following is the Trial Balance of Sanjiv as 31st March, 2020: Particulars Debit Credit Cash in hand 1,100 Cash at bank 5,240 Purchases 81,350 Read More …
Question 29 Chapter No 16 – Class 11 Unimax
Advertisement Question 29 Chapter No 16 – Class 11 Unimax 29. Prepare trading and profit and loss account of M/s Plastic ltd. from the following trial balance and a balance sheet as at March 31 ,2019: Debit balance Amount Credit Read More …
Question 28 Chapter No 16 – Class 11 Unimax
Advertisement Question 28 Chapter No 16 – Class 11 Unimax 28. The following balance were extracted from the books of Modern traders on 31st Dec.2019. Read More …
Question 26 Chapter No 16 – Class 11 Unimax
Advertisement Question 26 Chapter No 16 – Class 11 Unimax 26. The following are the Extracts from the Trail Balance of a firm: Read More …
Question 25 Chapter No 16 – Class 11 Unimax
Advertisement Question 25 Chapter No 16 – Class 11 Unimax The profit earned by a firm before allowing the Manager’s commission is ₹ 99,000 and the manager is entitled to a commission of 10% on net profit after charging such Read More …
Question 24 Chapter No 16 – Class 11 Unimax
Advertisement Question 24 Chapter No 16 – Class 11 Unimax The profit earned during the year 2019-2020 by the firm before allowing the Manager’s commission is ₹ 80,000 and the manager is entitled to a commission of 10% on Net Read More …
Question 23 Chapter No 16 – Class 11 Unimax
Advertisement Question 23 Chapter No 16 – Class 11 Unimax The following balances are taken from the books of Sh. D. GOSWAMI : Particulars ₹ Particulars ₹ Capital 1,20,000 Drawings 21,000 Stock 1.1.2019 45,000 Plant & Machinery 24,000 Furniture 1,500 Read More …
Question 22 Chapter No 16 – Class 11 Unimax
Advertisement Question 22 Chapter No 16 – Class 11 Unimax Prepare Trading and Profit & Loss Account of UDHAM Singh for 2019 and his balance sheet on 31sts December 2019 after making necessary adjustments. Debit balance ₹ Credit balance ₹ Read More …
Question 21 Chapter No 16 – Class 11 Unimax
Advertisement Question 21 Chapter No 16 – Class 11 Unimax Prepare Trading and Profit & Loss A/c for the year ending on 31st Dec. 2019 and a Balance Sheet a son that date from the following Trial Balance: Debit balance Read More …
Question 20 Chapter No 16 – Class 11 Unimax
Advertisement Question 20 Chapter No 16 – Class 11 Unimax Following are the extract from the trial balance of a firm: Trial Balance as at 31.3.2020 Particulars Debit Credit Sundry debtors 2,00,000 Bad debts 6,000 Discount 5,000 Read More …
Question 19 Chapter No 16 – Class 11 Unimax
Advertisement Question 19 Chapter No 16 – Class 11 Unimax From the following, pass necessary journal entries and show the presentation of provision for discount on debtors in final accounts: Read More …
Question 18 Chapter No 16 – Class 11 Unimax
Advertisement Question 18 Chapter No 16 – Class 11 Unimax From the following, pass journal entries and show the presentation of provision for doubtful in final accounts: Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit Sundry debtors Read More …
Question 17 Chapter No 16 – Class 11 Unimax
Advertisement Question 17 Chapter No 16 – Class 11 Unimax From the following, pass journal entry and show the presentation of provision for doubtful debts in final accounts. Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit Bad Read More …
Question 16 Chapter No 16 – Class 11 Unimax
Advertisement Question 16 Chapter No 16 – Class 11 Unimax The following figures extracted from the Trial Balance of XYZ ltd. As on 31.3.2020. Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit Debtors 96,000 Bad debtors Read More …
Question 15 Chapter No 16 – Class 11 Unimax
Advertisement Question 15 Chapter No 16 – Class 11 Unimax X’s books shows the following balance. You are asked prepare his Trading and Profit & Loss Account and a Balance Sheet from the following Balances. Debit balance ₹ Credit balance Read More …
Question 14 Chapter No 16 – Class 11 Unimax
Advertisement Question 14 Chapter No 16 – Class 11 Unimax Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit Investment 12% p.a. 20,00,000 Interest on investment 20,00,000 Adjustment : Read More …
Question 13 Chapter No 16 – Class 11 Unimax
Advertisement Question 13 Chapter No 16 – Class 11 Unimax Extracts of Trial Balance as at 31.3.2020 Particulars Debit Credit Interest on loan 40,000 Loan from Punjab National Bank 10% Read More …
Question 12 Chapter No 16 – Class 11 Unimax
Advertisement Question 12 Chapter No 16 – Class 11 Unimax At the end for the financial year the capital a/c of Shri Ram Chander is ₹ 20,000 and this drawings are ₹ 2,000. Allow 10% interest on capital and 4% Read More …
Question 11 Chapter No 16 – Class 11 Unimax
Advertisement Question 11 Chapter No 16 – Class 11 Unimax Prepare trading and profit loss account of M/s Mohit Traders as on 31st March 2020 and draw necessary journal entries and balance sheet as on that date: Ledger account Read More …
Question 10 Chapter No 16 – Class 11 Unimax
Advertisement Question 10 Chapter No 16 – Class 11 Unimax Machinery of ₹ 60,000 appears in the Trial Balance as on 31.3.2020 and a depreciation of 6% is charged p.a. pass necessary adjustment entry and show how it will appear Read More …
Question 9 Chapter No 16 – Class 11 Unimax
Advertisement Question 9 Chapter No 16 – Class 11 Unimax From the following, pass the journal entry to adjust the commission received and show how it will be recorded in final accounts assuming that accounts are closed on 31st March, Read More …
Question 8 Chapter No 16 – Class 11 Unimax
Advertisement Question 8 Chapter No 16 – Class 11 Unimax (GST levied) commission is receivable for the month of March, 2020 of ₹ 50,000. It is subject to CGST and SGST @ 6%each. Passed adjustment entry. The solution of Question Read More …
Question 7 Chapter No 16 – Class 11 Unimax
Advertisement Question 7 Chapter No 16 – Class 11 Unimax From the following, pass the journal entry to adjust the interest and show it will be recorded in final accounts assuming that accounts are closed on 31st March every year. Read More …
Question 6 Chapter No 16 – Class 11 Unimax
Advertisement Question 6 Chapter No 16 – Class 11 Unimax The following Trial Balance has been extracted from the books of M/s Ram Parsad & Sons on 31st December, 2019. Debit balance ₹ Credit balance ₹ Machinery 4,000 Capital 9,000 Read More …
Question 5 Chapter No 16 – Class 11 Unimax
Advertisement Question 5 Chapter No 16 – Class 11 Unimax Insurance premium of ₹ 4,860 has been paid on August 1, 2020 for one year. Pass the journal entry to adjust the insurance amount and also show how it will Read More …