[DK Goel] Q. 22 Financial Statements (with Adjustments) Solutions Class 11 CBSE (2025-26)
Solutions of Question number 22 of Chapter 20 Financial Statements (with Adjustments) DK Goel class 11 CBSE (2025-26)
Following is the Trial Balance as on 31st March 2016. Prepare Trading and Profit and Loss Account and Balance Sheet:
| Particulars | Debit (₹) | Credit (₹) |
| Stock (1st April 2015) | 8,000 | |
| Sales | 2,20,000 | |
| Purchases | 1,26,000 | |
| Productive Wages | 56,500 | |
| Salaries | 16,000 | |
| Stores Consumed | 6,050 | |
| Carriage | 3,050 | |
| Rent and Rates | 5,200 | |
| Insurance | 1,320 | |
| Machinery | 52,000 | |
| Building | 67,000 | |
| Capital less Drawings | 1,45,600 | |
| Sundry Debtors | 44,000 | |
| Sundry Creditors | 20,000 | |
| Secured Loan | 15,000 | |
| Furniture | 3,350 | |
| General Expenses | 2,600 | |
| Cash in Hand | 1,930 | |
| Bad Debts | 1,020 | |
| Bank | 6,580 | |
| 4,00,600 | 4,00,600 |
Additional Information:
(a) Stock on 31st March 2016 is ₹ 20,600.
(b) Depreciate machinery @ 10% p.a.
(c) Make a Provision @ 5% for Doubtful Debts.
(d) Provide 21/2% for discount on sundry debtors
(e) Rent and Rates include security deposit of ₹ 400.
(f) Insurance prepaid ₹ 120.
[Ans. Gross Profit ₹ 41,000; Net Profit ₹ 6,935; Balance Sheet Total ₹ 1,87,535.]
Solution:-
Hints:
(i) Stores consumed will be shown on the Dr. side of Trading A/c
(ii) Security deposit of ₹ 400 will be deducted from rent and rates and will be shown on the assets side.
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 |
