[DK Goel] Q. 1 Financial Statements (with Adjustments) Solutions Class 11 CBSE (2025-26)

Solutions of Question number 1 of Chapter 20 Financial Statements (with Adjustments) DK Goel class 11 CBSE (2025-26)

The following are the balances extracted from the books of Tej Enterprises as on 31st March, 2025. From these balances, prepare his Trading and Profit & Loss Account and Balance Sheet as at that date:

Particulars	Dr. (₹)	Cr. (₹)
Opening Stock	46,000
Purchases	4,50,000
Sales		6,30,000
Discount		1,300
Sales Return	22,000
Buildings	2,00,000
Debtors	80,000
Salaries	22,000
Office Expenses	5,400
Wages	71,000
Purchase Return		20,000
Miscellaneous Receipts		3,200
Travelling Expenses	3,400
Fire Insurance Premium	4,000
Machinery	1,58,000
Carriage on Purchases	35,700
Commission	1,000
Cash in Hand	7,000
Rent and Taxes	18,000
Capital		3,94,000
Creditors		75,000
	11,23,500	11,23,500

Adjustments:

1. Closing Stock was valued at ₹ 70,000.

2. Wages ₹ 15,000 and salaries ₹ 2,000 are outstanding.

3. Rent for two months at the rate of ₹ 1,000 per month is outstanding.

4. Depreciate Buildings by 5% and machinery by 10%.

5. Prepaid Insurance ₹ 700.

[Ans. G.P. ₹ 80,300; N.P. ₹ 1,900 and B/S Total ₹ 4,89,900.]

Solution:-

Below 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