[CBSE] Q 1 Solutions Adjustments in Preparation of Financial Statements TS Grewal Class 11 (2022-23)

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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:-

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Anurag Pathak
Anurag Pathak

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2 Comments

  1. 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

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