[CBSE] Q 9 Adjustments in Preparation of Financial Statement Solution TS Grewal Class 11 (2025-26)

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Solution of Question number 9 of the Adjustments in Preparation of Financial Statements of TS Grewal Book class 11, 2025-26?

Ramesh’s Trial Balance as on 3st March, 2025 given the following information:

Heads of AccountsDebit (₹)Credit (₹)
Investment (rate of interest 10% p.a.)5,00,000
Interest Received45,000

Show how the above items will be shown in the Profit & Loss Account and Balance Sheet.

[Ans.: Profit & Loss Account – ₹ 50,000; Assets side of the Balance Sheet (Interst Receivable) – ₹ 5,000.]

Solution:-

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