[CBSE] Q 1 Solutions Adjustments in Preparation of Financial Statements TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 1 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2022-23?
Following are the balances extracted from the books of Manish on 31st March, 2022:
| 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 Mrach, 2022 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.
[Gross Profit – ₹ 10,900; Net Loss – ₹ 24,900; Balance Sheet Total – ₹ 2,08,100.]
Solution:-
Here is the list of all Solutions.
Aapne galat total kiya hai question maie profit and loss acount ka total 35800 aa rha hai or aapne 42300 likha hai please apni galti sudharia
Corrected, the total