[ISC] Q 1 Solution Final Accounts with adjustments TS Grewal Class 11 (2023-24)
Solution of Question number 1 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2023-24.
Following are the balances extracted from the books of Manish on 31st March, 2023:
| Capital Drawings Plant and Machinery Delivery Vehicle Sundry Debtors Sundry Creditors Purchases Sales Wages | 1,90,000 7,000 1,20,000 26,000 36,000 26,000 20,000 42,000 8,000 | Cash at Bank Salaries Repairs Stock on 1st April, 2021 Rent Manufacturing Expenses Bills Payable Bad Debts Carriage Inwards | 26,000 8,000 1,900 16,000 4,500 1,500 23,500 5,000 1,600 |
Prepare Trading and Profit & Loss Account and Balance Sheet as at 31st March, 2023 after following adjustments are made:
(i) Closing Stock was ₹ 16,000.
(ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%.
(iii) Unpaid Rent amounted to ₹ 500.
Solution:-
Here is the list of all solutions of Practical Problems below
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
