Question 1 Chapter No 17 – Class 11 Unimax 

Question 1 Chapter No 17 – Class 11 Unimax 


Question 1 Chapter No 17 – Class 11 Unimax 

Anurag Keeps incomplete records of his business. He gives you the following information for the year ended 31st March,2020:

Capital at the beginning of the year8,00,000
Capital at the end of the year7,00,000
Drawings made during the year3,50,000
Additional capital introduced during the year40,000

You are required to calculate profit and loss made during the year

The solution of Question 1 Chapter No 17 – Class 11 Unimax 

Statement of Profit & Loss
For the year ending 31st March,2020

Capital at the end7,00,000
Add: Drawings3,50,000
Less: Additional capital introduced40,000
Less: capital at the beginning8,00,000
Profit made during the year2,10,000


End of Solution

Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter 17 – Accounts from Incomplete Records – Single Entry System Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax 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.

2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.


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