[CBSE] Q 10 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

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Solution of Question number 10 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

Following is the extract of Trial Balance as at 31st March, 2025:

Heads of AccountsDr. (₹)Cr. (₹)
Interst on Loan8,000

Additional Information: Loan of ₹ 6,00,000 was taken from State Bank of India at an interest rate of 12% p.a. on 1st July, 2024 and it was repaid on 1st October, 2024.

Show the treatment of ‘Interest on Loan’ in Final Accounts.

Solution:-

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