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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 ₹ 2,000.
(2) Provision for doubtful debts is to be created at 10% on sundry debtors.
Pass Journal entries and show them in the profit and loss account and balance sheet of the company.
The solution of Question 1 Chapter 12 – Class 11 Unimax
| Journal | |||||
| Date | Particulars | L.F. | Debit | Credit | |
| 2020 | |||||
| Mar.31 | Bad debts A/c | Dr. | 2,000 | ||
| To Sundry debtors A/c | 2,000 | ||||
| (Being bad debts written off) | |||||
| Mar.31 | Profit & Loss A/c | Dr. | 2,000 | ||
| To Bad debts A/c | 2,000 | ||||
| (Being bad debts transferred to P & L a/c) | |||||
| Mar.31 | Profit & Loss A/c | Dr. | 4,000 | ||
| To Provision for doubtful debts A/c | 4,000 | ||||
| (Being creating provision for doubtful debts) | |||||
Profit & Loss A/c
For the year ended 31st March 2020
| Particulars | Amount | Particulars | Amount |
| To Bad debts A/c | 2,000 | ||
| To Provision for doubtful A/c | 4,000 |
Balance sheet
as on 31st March 2020
| Particulars | Amount | Particulars | Amount | |
| Sundry Debtors | 42,000 | |||
| Less: Bad debts | 2,000 | |||
| 40,000 | ||||
| Less: Provision for Doubtful Debts | 4,000 | 36,000 | ||
End of Solution
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Question 1 Chapter 12 – Class 11 Unimax
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1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax
UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
2. Punjab School Education Board (PSEB) Solutions of Usha Publication.
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