Advertisement Question 33 Chapter 15 – Class 11 Unimax (with GST). Following is the Trial Balance of at 31st March, 2020. Draw the final accounts from the balance therefore: Particular Debit(₹) Credit(₹ Capital 1,50,000 Stock on 1st April,2019 30,000 Read More …
Category: Chapter 15 – Financial Statements (Without Adjustments) – Unimax
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Question 32 Chapter 15 – Class 11 Unimax
Advertisement Question 32 Chapter 15 – Class 11 Unimax The following is the Trial Balance of Shri Ram as at 31st March, 2020: Particular Debit(₹) Credit(₹) Land and Building 85,500 Plant and Machinery 25,500 Furniture and fixtures 28,500 Read More …
Question 31 Chapter 15 – Class 11 Unimax
Advertisement Question 31 Chapter 15 – Class 11 Unimax From the following Trial Balance of Messrs. Ch Amar sons, prepare Trading and Profit & Loss Account for the half – year ending 30th sept. 2020 and a Balance sheet as Read More …
Question 30 Chapter 15 – Class 11 Unimax
Advertisement Question 30 Chapter 15 – Class 11 Unimax Prepare trading and profit and loss account and balance sheet from the following particulars as on march31,2020. Particular Debit(₹) Credit(₹) Purchases and sales 3,52,000 5,60,000 Return inward and return outwards 9,600 Read More …
Question 29 Chapter 15 – Class 11 Unimax
Advertisement Question 29 Chapter 15 – Class 11 Unimax From the following trail balance, prepare the Trading and profit and loss account for the year ended 31st march,2020. Particular Debit(₹) Credit(₹) Capital and drawings 4,560 1,74,000 Purchases and sales 53,400 Read More …
Question 28 Chapter 15 – Class 11 Unimax
Advertisement Question 28 Chapter 15 – Class 11 Unimax Prepare trading account, profit and loss account and balance sheet of s . Chandra from the following trial balance. Particular Debit(₹) Credit(₹) Capital drawings 12,000 6,00,000 Machinery 1,80,000 Stock (1st Read More …
Question 27 Chapter 15 – Class 11 Unimax
Advertisement Question 27 Chapter 15 – Class 11 Unimax From the following trial balance, prepare Trading, Profit & Loss account and Balance sheet as on March 31,2020: Particular Debit(₹) Credit(₹) Stock as on April 1,2019 16,000 Purchases and sales Read More …
Question 26 Chapter 15 – Class 11 Unimax
Advertisement Question 26 Chapter 15 – Class 11 Unimax Prepare Trading and profit and loss account from the following Particulars of M/s Neema Traders as on March 31,2020: Particular Debit(₹) Credit(₹) Buildings 23,000 Sales 1,80,000 Plant 16,930 Read More …
Question 25 Chapter 15 – Class 11 Unimax
Advertisement Question 25 Chapter 15 – Class 11 Unimax Given below is the Trial Balance as on 31st March,2020. Prepare (1) trading and profit and loss account for the year ended 31st march,2020 and (2) Balance sheet as at that Read More …
Question 24 Chapter 15 – Class 11 Unimax
Advertisement Question 24 Chapter 15 – Class 11 Unimax From the following balance prepare (1) Trading and Profit & Loss account for the year ending 31st march,2020.(2) Balance sheet as 31st March 2020.Given (closing) stock is ₹ 10,000. Particular ₹ Read More …
Question 23 Chapter 15 – Class 11 Unimax
Advertisement Question 23 Chapter 15 – Class 11 Unimax The following is the Trial Balance of Rishi Trading Co. on 31st March, 2020. Particular Debit(₹) Credit(₹) Machinery 1,02,000 Land and building 8,60,000 Investment 70,000 Bad debts 3,000 Read More …
Question 22 Chapter 15 – Class 11 Unimax
Advertisement Question 22 Chapter 15 – Class 11 Unimax The following is the Trial Balance of Mr. Deepak as on March,2020. You are required to prepare Trading Account, Profit & Loss account and a balance sheet as on that date: Read More …
Question 21 Chapter 15 – Class 11 Unimax
Advertisement Question 21 Chapter 15 – Class 11 Unimax The following is the trial balance on March 31,2020. You are required prepare Trading and Profit & Loss account and a Balance sheet as on that date: Account title Debit(₹) Credit(₹) Read More …
Question 20 Chapter 15 – Class 11 Unimax
Advertisement Question 20 Chapter 15 – Class 11 Unimax 20. The following trial balance is extracted from the books on March 31, 2020. You are required to prepare the Trading and profit and loss account and the balance sheet as Read More …
Question 19 Chapter 15 – Class 11 Unimax
Advertisement Question 19 Chapter 15 – Class 11 Unimax From the following Trial Balance prepare a Trading and a Profit and Loss account for the year ending 31st March,2020 and a balance sheet as on that date: Particulars ₹ Particulars Read More …
Question 18 Chapter 15 – Class 11 Unimax
Advertisement Question 18 Chapter 15 – Class 11 Unimax The Trial Balance shows the following balance as at 31.3.2020. ₹ ₹ Purchases 60,000 Capital account 1,13,075 Sales returns 2,000 Sales 1,27,500 Plant and machinery 90,000 Purchases return 1,275 Read More …
Question 17 Chapter 15 – Class 11 Unimax
Advertisement Question 17 Chapter 15 – Class 11 Unimax Prepare Trading Profit and Loss Account and Balance Sheet as on March 31,2020 Account Title ₹ Account Title ₹ Machinery 27,000 Capital 60,000 Sundry debtors 21,600 Bills payable 2,800 Drawing 2,700 Read More …
Question 16 Chapter 15 – Class 11 Unimax
Advertisement Question 16 Chapter 15 – Class 11 Unimax From the following information, prepare a balance sheet of Mr. X as at 31st March, 2020 (a) in order of Liquidity, and (b) in order of permanence. Particular ₹ Particular ₹ Read More …
Question 15 Chapter 15 – Class 11 Unimax
Advertisement Question 15 Chapter 15 – Class 11 Unimax Following is the Trial Balance of Venkat on 31st March,2020. Prepare Trading and Profit & Loss account for the year ended 31st March,2020. Particular Debit(₹) Credit(₹) Capital A/c 10,00,000 Stock Read More …
Question 14 Chapter 15 – Class 11 Unimax
Advertisement Question 14 Chapter 15 – Class 11 Unimax Calculate gross profit & net profit and on the basis of following balance of Sh. Madan Mohan for the year ending 31st March,2020 Particular ₹ Particular ₹ Stock(1.04.19) 6,500 Insurance premium Read More …
Question 13 Chapter 15 – Class 11 Unimax
Advertisement Question 13 Chapter 15 – Class 11 Unimax The following is the Trial Balance of Raj & Co. as at 31st March,2020: Particular L.F. Debit(₹) Credit(₹) Cash 12,000 Bank 90,100 Purchases/ Sales 2,10,000 7,10,000 Read More …
Question 12 Chapter 15 – Class 11 Unimax
Advertisement Question 12 Chapter 15 – Class 11 Unimax From the following information, prepare the profit & loss account for the year ending on March 31,2020. ₹ ₹ Gross profit 37,200 Salaries & Wages 12,000 Discount received 600 Read More …
Question 11 Chapter 15 – Class 11 Unimax
Advertisement Question 11 Chapter 15 – Class 11 Unimax Following is the Trial Balance as on 31.03.2020. Particular Debit(₹) Credit(₹) Drawing and capital 10,000 1,10,000 Closing stock 12,000 Salaries 20,000 Carriage outwards 4,000 Discount 1,000 4,000 Commission Read More …
Question 10 Chapter 15 – Class 11 Unimax
Advertisement Question 10 Chapter 15 – Class 11 Unimax From the following information, prepare profit and loss account for the year ended 31.03.2020. ₹ Gross profit 3,00,000 Office salary 50,000 Rent and Taxes 30,000 Advertisements 12,500 Selling expenses 37,500 Read More …
Question 9 Chapter 15 – Class 11 Unimax
Advertisement Question 9 Chapter 15 – Class 11 Unimax From the incomplete Trial balance of Mr. X, you are required to prepare a Trading Account for the year ended 31-3-2020. Debit balance ₹ Credit balance ₹ Purchases (adjusted) 25,000 Outstanding Read More …
Question 8 Chapter 15 – Class 11 Unimax
Advertisement Question 8 Chapter 15 – Class 11 Unimax From the following Particulars, prepare a Trading Account for the year ended on 31 March, 2020. Stock at the beginning ) 11,080 Credit purchases 60,780 Purchases return 1,720 Railway freight 1,800 Read More …
Question 7 Chapter 15 – Class 11 Unimax
Advertisement Question 7 Chapter 15 – Class 11 Unimax Prepare a Trading Account from the following balance for the year ending 31st March,2020 in the books of Ravi. Particular Amount Particular Amount Opening stock 18,100 Wages and salaries 14,000 Purchases Read More …
Question 6 Chapter 15 – Class 11 Unimax
Advertisement Question 6 Chapter 15 – Class 11 Unimax Net sales for the year ended 31st March,2020 is ₹ 9,00,000. If gross profit is 30% on sales, Find cost of goods sold. The solution of Question 6 Chapter 15 – Read More …
Question 5 Chapter 15 – Class 11 Unimax
Advertisement Question 5 Chapter 15 – Class 11 Unimax Opening stock ₹ 15,000 ; Sales 48,000 ; Carriage inward ₹ 3,000 ; Sales returns ₹ 3,000 ; Gross profit ₹ 18,000 ; Purchases ₹ 30,000 ; Purchases return ₹ 2,700. Read More …
Question 4 Chapter 15 – Class 11 Unimax
Advertisement Question 4 Chapter 15 – Class 11 Unimax Ascertain cost of goods sold from the following: ₹ ₹ Indirect expenses 15,200 Direct expenses 18,600 Sales 1,20,000 Net purchases 72,000 Returns inward 12,000 Returns outward 8,000 Opening inventory Read More …
Question 3 Chapter 15 – Class 11 Unimax
Advertisement Question 3 Chapter 15 – Class 11 Unimax (Without GST). Prepare Trading account for the year ended 31st March,2020 from the following balances: Particular ₹ Particular ₹ Stock (1st April,2019) 1,00,000 Purchases 10,00,000 Wages 50,000 Carriage inwards 10,000 Sales Read More …
Question 2 Chapter 15 – Class 11 Unimax
Advertisement Question 2 Chapter 15 – Class 11 Unimax From the following information, prepare the Trading account for the year ending on 31st March, 2020.Opening stock ₹ 90,000 ; cash sales ₹ 36,000 ; Credit sales ₹ 7,20,000 ; Returns Read More …
Question 1 Chapter 15 – Class 11 Unimax
Advertisement Question 1 Chapter 15 – Class 11 Unimax From the following balance taken from the books of the year ending year ending March 31,2020, calculate the gross profit: ₹ Closing stock 2,50,000 Net sales during the year 40,00,000 Read More …