Advertisement
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 …