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Question 21 Chapter 8 of Class 11 Unimax Publications
21. Record the following transactions in subsidiary books of Gursant.
| Mar. 3 | Bought from Anand Mills 600 sarees at 250 per saree and out of it 300 sarees Were sold to ladies club by adding 20% on it at 12% trade discount. |
| Mar. 7 | Bought from Banasi Mills 400 meters of suiting at 70 per meter at 15% trade discount and sold to Chaman at double the price than cost. |
| Mar. 8 | Chaman returned 100 meters of suiting Gursant returned these goods to Banarsi Mills. |
| Mar. 10 | An order for 100 sarees at 240 per saree is received from Anupam. |
| Mar. 11 | Brought from Shamji Mills 750 meter suiting at 70 per meter at 10% trade discount and 5% cash discount. Half the amount is paid. |
| Mar. 14 | Returned 120 meter suiting to Shamji Mills and sent a debit note |
| Mar. 17 | Bought 750 readymade shirts @ 150 per shirt from Pahwa Garments |
| Mar. 19 | Bought from Qazi Mills 160 sarees @ 125 per saree and gave it in ‘Chief Minister Relief Fund’ |
| Mar. 21 | Bought 50 ladies cardigans at 250 per cardigan from Sourabh |
The solution of Question 21 Chapter 8 of Class 11 Unimax Publications
| PURCHASES BOOK OF GURSANT FOR MARCH | |||||
Date | Invoice no. | Particulars | L. F. | Details | Amount |
| Mar. 3 | Anand Mills | ||||
| 600 sarees @ 250 each | 1,50,000 | 1,50,000 | |||
| Mar. 7 | Banarsi Mills | ||||
| 400 meters @ 70 meter | 28,000 | ||||
| Less: 15% trade discount | 4,200 | 23,800 | |||
| Mar. 11 | Shamji Mills | ||||
| 750 meter @ 70 meter | 26,250 | ||||
| Less: 10% trade discount | 2,625 | 23,625 | |||
| Mar. 17 | Pahwa Garments | ||||
| Readymade shirts 750 @ 150 each | 1,12,500 | 1,12,500 | |||
| Mar. 19 | Razi Mills | ||||
| 160 sarees @ 125 saree | 20,000 | 20,000 | |||
| Mar. 21 | Saurabh | ||||
| 50 ladies cardigan @ 250 | 12,500 | 12,500 | |||
| Total as per purchases books | 3,42,425 | ||||
| SALES BOOK OF GURSANT FOR MARCH | |||||
Date | Outward Invoice no. | Particulars Advertisement | L. F. | Details | Amount |
| Mar. 3 | Ladies Club | ||||
| 300 sarees @ 300 each | 90,000 | ||||
| Less: 12% trade discount | 10,800 | 79,200 | |||
| Mar. 7 | Chaman | ||||
| 400 meters suiting @ 140 meter | 56,000 | ||||
| Less: 15% trade discount | 8,400 | 47,600 | |||
| Total as per sales books | 1,26,800 | ||||
| Purchase Return BOOK OF GURSANT FOR MARCH | |||||
Date | D / Note | Particulars | L. F. | Details | Amount |
| Mar. 8 | Banarsi Mills | ||||
| 100 meters of suiting 70 meter | 7,000 | ||||
| Less: 15% trade dis. | 1,050 | 5,950 | |||
| Mar. 14 | Shamji Mills | ||||
| Goods Net | 7,560 | 7,560 | |||
| Total as per purchases Return books | 13,510 | ||||
| Sales Return BOOK OF GURSANT FOR MARCH | |||||
Date | D / Note | Particulars Advertisement | L. F. | Details | Amount |
| Mar. 8 | Chaman | ||||
| 100 meters suiting @ 140/meter | 14,000 | ||||
| Less: 15% trade discount | 2,100 | 11,900 | |||
| Total as per sales Return books | 11,900 | ||||
End of Solution
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The solutions to all questions of Chapter No. 8 – Other Subsidiary Books Class 11 Unimax are shown as follows, click on the image of the question to get the solution.
Question 7 Chapter 8 – of Class 11 Unimax Publications
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Question 19 Chapter 8 of Class 11 Unimax Publications
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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.
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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