Category: Chapter 16 – Financial Statements (With Adjustments) – 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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Advertisement Question 26 Chapter No 16 – Class 11 Unimax  26. The following are the Extracts from the Trail Balance of a firm:                                    Read More …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Advertisement Question 4 Chapter No 16 – Class 11 Unimax (With GST). Commission for March, 2020 of ₹ 20,000 is outstanding (given as additional information outside the Trial Balance) CGST and SGST is payable @ 6% each. In this case Read More …

Advertisement Question 3 Chapter No 16 – Class 11 Unimax During the year ended 31st March, 2020. Salaries amounting to ₹ 24,000 for ten months has been paid, salaries for 2 months ₹ 4,800 has not been paid.Pass Journal entry Read More …

Advertisement Question 2 Chapter No 16 – Class 11 Unimax Following is an extract from Trial Balance:                                                 Read More …

Advertisement Question 1 Chapter No 16 – Class 11 Unimax Closing stock of a business is ₹ 16,400 as on 31st March, 2020. Pass Journal entry and show how this will appear in final accounts. The solution of Question 1 Read More …