Question 5 Chapter 5 – Unimax Publications of Class 11

Question 5 Chapter 5 – Unimax Publications of Class 11


Question 5 Chapter 5 – Unimax Publications of Class 11

5. Pass Opening Journal entry:


Liabilities Rs. AssetsRs.
Sundry Creditors56,000Cash in Hand4,300
Capital2,14,000Cash at Bank26,750
  Sundry Debtors74,950
  Closing Stock90,000
  Input CGST5,000
  Input SGST5,000
  Input IGST4,000
  Machinery and Equipment60,000
 2,70,000 2,70,000

The solution of Question 5 Chapter 5 – Unimax Publications of Class 11:

Based on the above Balance Sheet, the Opening Entry will be:

DateParticulars L.F.DebitCredit
April 1Cash A/cDr. 4,300 
 Bank A/cDr. 26,750 
 Sundry Debtors A/cDr. 74,950 
 Stock A/cDr. 90,000 
 Input CGST A/cDr. 5,000 
 Input SGST A/cDr. 5,000 
 Input IGST A/cDr. 4,000 
 Machinery and EquipmentDr. 60,000 
 To Sundry Creditors A/c   56,000
 To Capital A/c   2,14,000
 (Being the balances of assets, liabilities and capital brought Forward)   

End of Solution

Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter No. 5 – Goods and Services Tax (GST) : An Introduction 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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