[CBSE] Q 27 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

Solution of Question number 27 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

Following Trial Balance has been extracted from the books of Prasad as on 31st March, 2023:

Particulars	Dr. (₹)	Particulars	Cr. (₹)
Machinery Cash at Bank Cash in Hand Wages Purchases Stock on 1st April, 2021 Sundry Debtors Rent Commission General Expenses Salaries	4,00,000 1,00,000 50,000 1,00,000 8,00,000 6,00,000 7,30,000 45,000 25,000 80,000 50,000	Capital Sales Sundry Creditors Interest Received	9,00,000 16,00,000 4,50,000 30,000
	29,80,000		29,80,000

Additional Information:

(i) Outstanding Salaries were ₹ 45,000.

(ii) Depreciate Machinery at 10%.

(iii) Wages outstanding were 5,000.

(iv) Rent prepaid ₹ 10,000.

(v) Provide for interest on capital @ 5% per annum.

(vi) Stock on 31st March, 2022 ₹ 8,00,000.

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023, and Balance Sheet as at that date.

[Gross Profit – ₹ 8,95,000; Net Profit – ₹ 6,05,000; Balance sheet Total – ₹ 20,50,000.]

Solution:-

Here is the list of all Solutions.

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
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
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
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40
41	Question – 41
42	Question – 42
43	Question – 43