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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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Advertisement Question 32 Chapter 14 – Class 11 Unimax 32. X for mutual and temporary accommodation of himself and Y, draws upon the latter a bill of exchange at the three months for ₹ 3,000 dated 1 January Y accepts Read More …
Advertisement Question 31 Chapter 14 – Class 11 Unimax Amarnath drew on Parker a bill of Exchange for ₹ 1,00,000 on 1st January payable after three month from 1st January, which parker accepted. On 4th January, Amarnath discounted the bill Read More …
Advertisement Question 30 Chapter 14 – Class 11 Unimax 30. Yashpal owed money to Srinivas and hence accepted two bills each of 4,850 of three months. Duration drawn on him by Srinivas. On July 1, Srinivas endorsed one of the Read More …
Advertisement Question 29 Chapter 14 – Class 11 Unimax 29. A draws a bill for ₹ 3,000 and b accepts the same for the mutual accommodation of both of them to the extent of A 2/3 and B 1/3. A Read More …
Advertisement Question 28 Chapter 14 – Class 11 Unimax 28. X draws on Y, for the mutual accommodation of both a bill for ₹ 2,000 on 1st February at 3 months. X discounts the bill for ₹ 1,960 and remits Read More …
Advertisement Question 27 Chapter 14 – Class 11 Unimax 27. Shubham draws on Rajendra a bill for ₹ 45,000 on 1st June, 2019 for 3 months. Rajendra accepts the bill and sends it to Shubham who gets it discounted for Read More …
Advertisement Question 26 Chapter 14 – Class 11 Unimax 26. On Nov. 1, 2019, Sonia drew a bill on sunny for ₹ 15,000 for 3 months for mutual accommodation. Sunny accepts the bill and returns it to Sonia. Sonia discounted Read More …
Advertisement Question 25 Chapter 14 – Class 11 Unimax 25. A who is in need of funds, persuades B to help him by accepting an accommodation bill for ₹ 20,000 for three months. B accepted the bill on March 15, Read More …
Advertisement Question 24 Chapter 14 – Class 11 Unimax 24. A sold goods to B for ₹ 5,000 and drawn a bill on B for the same amount. Before the due date, B requests A to cancel the bill and Read More …
Advertisement Question 23 Chapter 14 – Class 11 Unimax 23. Y purchased goods for ₹ 6,000 on 1st June,2019 from the X and on the same date accepted a bill payable after three months. 3 days later, X endorsed the Read More …
Advertisement Question 22 Chapter 14 – Class 11 Unimax Nikhil sold goods for ₹ 23,000 to Akhil on Dec. 1, 2019. He drew upon Akhil a bill of exchange for the same amount payable after 2 months. Akhil accepted the Read More …
Advertisement Question 21 Chapter 14 – Class 11 Unimax On 1st January, 2020, Ram drew on Mohan, who is his debtor for ₹ 15,000 three bills of exchange. First for ₹ 4,000 at on month, second for ₹ 5,000 at Read More …
Advertisement Question 20 Chapter 14 – Class 11 Unimax 20. Ram owes ₹ 2,000 to Mohan on 1st January 2020. On this date, he accepted a draft for the amount for 3 months. Mohan got the bill discounted at his Read More …
Advertisement Question 19 Chapter 14 – Class 11 Unimax 19. A sells goods to B for ₹ 10,000 plus CGST and SGST @ 9% each. Vimal pays ₹ 1,800 in cash and accepts a bill on him for the balance Read More …
Advertisement Question 18 Chapter 14 – Class 11 Unimax 18. On 1st January, 2020 Mohan sold goods worth ₹ 6,000 to Sohan. On the same day Mohan gave his 2 months acceptance for the same. Mohan discounted the bill on Read More …
Advertisement Question 17 Chapter 14 – Class 11 Unimax 17. On 1st April,2019 Y accepts a bill drawn by X for two months for ₹ 5,000, in payment of debt. On the due date the bill is dishonoured and X Read More …
Advertisement Question 16 Chapter 14 – Class 11 Unimax 16. Dinesh draws a bill on Barun for ₹ 8,000. The bill is accepted by Barun. Show what entries would be passed in the book of Dinesh under each of the Read More …
Advertisement Question 15 Chapter 14 – Class 11 Unimax 15.On 13th June,2019 A receives two acceptance from B for ₹ 6,000 and 4,000 for two months and 3 months respectively. On 1st July,2019 both the bills were sent to bank Read More …
Advertisement Question 14 Chapter 14 – Class 11 Unimax 14. A sold goods to P on credit for ₹ 15,000 on 1st Sept.2019. P pays ₹ 5,000 immediately in cash and a three months acceptance for the balance. A endorses Read More …
Advertisement Question 13 Chapter 14 – Class 11 Unimax 13. On 1st January,2020 X sold goods to Y for ₹ 15,000, and immediately received from Y ₹ 5,000 in cash and the same date drew a bill on Y at Read More …
Advertisement Question 12 Chapter 14 – Class 11 Unimax 12. On 15th June, 2019, Mohan sold goods to Sohan valued at ₹ 2,000. He drew a bill at 3 months for the amount and discounted the same with his banker Read More …
Advertisement Question 11 Chapter 14 – Class 11 Unimax 11.on Jan.1,2020 Rahim sold goods to Zahir for ₹ 25,000 and drew upon her a bill at 3 months for the amount. Zahir accepted the bill and returned it to Rahim. Read More …
Advertisement Question 10 Chapter 14 – Class 11 Unimax 10. On 1st July,2019, Chander sold goods to Dinesh of the list price of ₹ 5,000 at 20% trade discount and on the same day drew a bill on Dinesh for Read More …
Advertisement Question 9 Chapter 14 – Class 11 Unimax 9.(when the bill is for collection). On 1st October 2019, X sells goods to Y for ₹ 25,000 plus IGST @ 18% and draws two bills of exchange on him: the Read More …
Advertisement Question 8 Chapter 14 – Class 11 Unimax 8. On 1st October,2019, X sells goods to Y for ₹ 8,000. On that date, Y accepted a bill drawn upon him by X at 2 months for ₹ 8,000. X Read More …
Advertisement Question 7 Chapter 14 – Class 11 Unimax 7. Mohan Singh draws a bill on Jagat for ₹ 1,000 payable 2 months after date. Immediately after its acceptance, Mohan Singh sends the bills to his bank for collection. On Read More …
Advertisement Question 6 Chapter 14 – Class 11 Unimax 6. A sold goods on credit to B for ₹ 5,000. A drew a 2 months bill on B who accepts and returns the same to A. A endorses the bill Read More …
Advertisement Question 5 Chapter 14 – Class 11 Unimax 5. R sold goods to S on credit for ₹ 10,000 on 1st Aug.,2020 and drew on him a 3 months bill for the amount. S gave his acceptance, R endorsed Read More …
Advertisement Question 4 Chapter 14 – Class 11 Unimax 4. A owes to B ₹ 1,000 for which he gives to B, a bill of exchange dated 18.5.2020 payable 5 months after date. B discounted the bill immediately at a Read More …
Advertisement Question 3 Chapter 14 – Class 11 Unimax 3. P drawn on q A bill of exchange for 3 months for ₹ 5,000 which Q accepts on 1.1.2020. the bill is discounted on 1.2.2020 for ₹ 4,950. Q meets Read More …
Advertisement Question 2 Chapter 14 – Class 11 Unimax 02. On 1.3.2020, A sold to B goods of the value of ₹ 10,000 for which A drew a bill on B for 3 months after sight. B accepted the bill Read More …
Advertisement Question 1 Chapter 14 – Class 11 Unimax 01. On 1.1.2020, X sold goods to Y for ₹ 5,000 for which X drew on Y a bill for 3 months after date. It was duly accepted by Y. X Read More …
Advertisement Question 32 Chapter 13 – Class 11 Unimax On 31.3.2020, the bank pass of Banerjee Traders showed a debited balance of ₹ 3,975.50, whereas the cash book showed credit balance of ₹ 6,441.50, the difference was account for as Read More …
Advertisement Question 31 Chapter 13 – Class 11 Unimax From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on 31.12.2019: Out of cheques of ₹ 9,200 paid on 29.12.2019, ₹ 4,200 appeared to Read More …
Advertisement Question 30 Chapter 13 – Class 11 Unimax 30. From the following particulars prepare a bank reconciliation statement in the books of Sh. J.P. Kansal as on 30th June 2019:1 Balance as per pass book on 30th June 2019 Read More …
Advertisement Question 29 Chapter 13 – Class 11 Unimax 29. From the following particulars, prepare a bank reconciliation statement of Alpha electronic motor private Ltd. As on 30th September, 2019:a. Overdraft on 30th September 2019 as per pass book ₹ Read More …
Advertisement Question 28 Chapter 13 – Class 11 Unimax 28. From the following particulars taken in 31st December2019from the books of Advani & Co., prepare a bank reconciliation statement to reconcile bank balance shown in the cash book with that Read More …
Advertisement Question 27 Chapter 13 – Class 11 Unimax 27. the bank statement of Mr. James flint showed an overdraft to the tune of ₹ 60,400 as on 31-12-2019. The ledger account of the bank in Mr. Flint’s books showed Read More …
Advertisement Question 26 Chapter 13 – Class 11 Unimax 26. From the following particulars, ascertain the balance that would appear in the cash book of Boman ji as at December 31,2019. ₹ Overdraft as per pass book (on 31st Read More …
Advertisement Question 25 Chapter 13 – Class 11 Unimax 25. prepare a bank reconciliation statement of Shri Bhandari as on December 31,2019. (1) the payment of cheque for ₹ 550 was recorded twice in the pass book. (2) withdrawal column Read More …
Advertisement Question 24 Chapter 13 – Class 11 Unimax 24. On 31st December 2019, my pass book showed an overdraft of ₹ 12,500. On scrutiny, the following were noticed: (1) cheque amounting to ₹ 2,100 were paid into the bank Read More …
Advertisement Question 23 Chapter 13 – Class 11 Unimax 23. From the following particulars, prepare a bank reconciliation statement as on 31.12.2029:(1) bank balance as per pass book ₹ 62,000 on 31.12.2019.(2) the following cheque were paid into the in Read More …
Advertisement Question 22 Chapter 13 – Class 11 Unimax 22. On 31.03.2020, the bank pass book showed a balance of ₹ 5,600 to your credit. Before that date, you have issued cheques amounting to ₹ 2,100 of which cheque wroth Read More …
Advertisement Question 21 Chapter 13 – Class 11 Unimax 21. from the following particulars, prepare a bank reconciliation of Govil as on 31st December,2019.Balance as per pass book on 31st December 2019 is ₹ 8,500. Cheques for ₹ 5,100 were Read More …
Advertisement Question 20 Chapter 13 – Class 11 Unimax 20. On 31st December 2019, the pass book of a merchant showed a credit balance of ₹ 3,357.The cheque and drafts sent to the but not collected amounted to ₹ 790 Read More …
Advertisement Question 19 Chapter 13 – Class 11 Unimax 19. On 31st December, 2019, the pass book trader showed a credit balance of ₹ 10,000. This balance difference from what was revealed by his cash book as that date. On Read More …
Advertisement Question 18 Chapter 13 – Class 11 Unimax (1) On 31st March,2020 bank pass book of Mohan showed a balance of ₹ 15,000 to his credit. (2) Before that date, he had issued cheques amounting to ₹ 8,000 of Read More …
Advertisement Question 17 Chapter 13 – Class 11 Unimax 17. From the following particulars, prepare a bank reconciliation statement as on 31st December, 2019. On 31st December,2019 a merchant’s pass book showed credit balance of ₹ 5,400. A comparison of Read More …
Advertisement Question 16 Chapter 13 – Class 11 Unimax 16. According to the cash book of Saha brothers, there was a overdraft balance of ₹ 4,450 on 30.06.2019. On investigation you find that: (1) Cheque amounting to ₹ 13,000 issued Read More …
Advertisement Question 15 Chapter 13 – Class 11 Unimax 15. From the following particulars of D.K. Traders, prepare a bank reconciliation statement as on 30.4.2019: (1) Bank balance as per cash book (overdraft) ₹ 3,250. (2) following cheque were issued Read More …
Advertisement Question 14 Chapter 13 – Class 11 Unimax 14. Prepare a bank reconciliation statement from the following particulars: ₹ Bank overdraft as per cash book 3,000 Cheque deposited into bank but no entry was passed in the pass Read More …
Advertisement Question 13 Chapter 13 – Class 11 Unimax 13. On 31st January 2020 my cash book showed bank overdraft of ₹ 12,500. On comparing it with the pass book, the following difference were noted: (1) Cash and cheque amounting Read More …
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 …