[ISC] Q 18 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 18 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
Prepare Trial Balance, Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Premier Traders as at that date, from the following extracts of Ledger balances:
| ₹ | ₹ | ||
| Proprietor’s Capital A/c Bills Receivable Wages Sundry Debtors Bank Loan Purchases Commission Received Rent Travelling Expenses Cash Furniture Input CGST Input SGST | 1,19,400 9,500 40,970 62,000 20,000 2,56,590 5,640 5,620 1,880 530 8,970 5,100 5,100 | Proprietors Drawings A/c Plant and Machinery Salaries Sundry Creditors Returns Inward Sales Discount Allowed Stock on 1st April, 2022 Insurance Bank (Debit Balance) Bad Debts Output CGST Output SGST | 10,550 28,800 14,370 60,830 2,780 3,56,430 5,870 89,680 400 18,970 3,620 4,500 4,500 |
Stock in Hand on 31st March, 2023 was valued at cost as ₹ 1,28,960.
Solution:-
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