[CBSE] Q 19 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

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Solution of Question number 19 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025:

Heads of AccountsDr. (₹)Cr. (₹)
Purchases4,50,000
Sales3,75,000

A fire broke out on 31st March, 2025 and stock of ₹ 28,000 was destroyed. Itwas fully insured and the insurance company admitted the claim in full. Show the treatment in final accounts.

Solution:-

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