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Question 6 Chapter 6 – Unimax Publications of Class 11

Question 6 Chapter 6 – Unimax Publications of Class 11

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Question 6 Chapter 6 – Unimax Publications of Class 11

6. Pass the Opening Entry on 1 April, 2023 on the basis of the following information taken from the books of Mr. Dinesh. Also, post the opening entry:

 Rs.
Cash in Hand20,000
Sundry Debtors60,000
Stock of Goods40,000
Input IGST Account15,000
Input SGST Account5,000
Plant50,000
Land and Building1,00,000
Sundry Creditors1,00,000

The solution of Question 6 Chapter 6 – Unimax Publications of Class 11:

IN THE BOOKS OF MR. DINESH JOURNAL

DateParticulars L.F.DebitCredit
2023     
April 1Cash A/CDr. 20,000 
 Sundry Debtors A/cDr. 60,000 
 Stock A/CDr. 40,000 
 Input IGST A/CDr. 15,000 
 Input SGST A/CDr. 5,000 
 Plant A/CDr. 50,000 
 Land and Building A/CDr. 1,00,000 
 To Sundry Creditors A/C   1,00,000
 To Capital A/C (Note 1)   1,90,000
 (Being the last year’s balances brought forward)   

Notes: 1. The excess of assets over liabilities is the proprietor’s capital and is credited Capital Account.
2. Input IGST Account and Input SGST Account have debit balance

LEDGER :

CASH ACCOUNT

DateParticularsAmountDate ParticularsAmount
2023     
April 1To Balance b/d20,000   

SUNDRY DEBTORS ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2023     
April 1To balance b/d60,000   

STOCK ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2023     
April 1To balance b/d40,000   

INPUT IGST ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2023     
April 1To balance b/d15,000   

INPUT SGST ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2023     
April 1To balance b/d5,000   

PLANT ACCOUNT

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Date ParticularsAmount Date ParticularsAmount
2023     
July 1To balance b/d50,000   

LAND AND BUILDING ACCOUNT

Date ParticularsAmount Date ParticularsAmount
2023     
April 1To balance b/d1,00,000   

SUNDRY CREDITORS ACCOUNT

Date ParticularsAmount Date ParticularsAmount
   2023  
   April 1By Balance b/d1,00,000

CAPITAL ACCOUNT

Date ParticularsAmount Date ParticularsAmount
   2023  
   April 1By balance b/d1,90,000

End of Solution


Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter No. 6 – Ledger 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

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.

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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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