[CBSE] Q 25 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

Solution of Question number 25 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

Following are the balances extracted from the books of Gurman on 31st March, 2025:

	₹		₹
Capital	19,00,000	Cash at Bank	2,60,000
Drawings	70,000	Salaries	80,000
Plant and Machinery	12,00,000	Repairs	19,000
Delivery Vehicle	2,60,000	Stock on 1st April 2024	1,60,000
Sundry Debtors	3,60,000	Rent	45,000
Sundry Creditors	4,95,000	Manufacturing Expenses	15,000
Purchases	2,00,000	Bad Debts	50,000
Sales	4,20,000	Carriage Inwards	16,000
Wages	80,000

Prepare Trading and Profit & Loss Account and Balance Sheet as at 31st March, 2025 after following adjustments are made:

(i) Closing stock was ₹ 1,60,000.

(ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%.

(iii) Rent outstanding at the year end ₹ 5,000.

[Ans.: Gross Profit – ₹ 1,09,000; Net Loss – ₹ 2,49,000; Balance Sheet Total – ₹ 20,81,000.]

Solution:-

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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

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
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19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
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24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Solutions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
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38	Question – 38
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40	Question – 40
41	Question – 41
42	Question – 42
43	Question – 43