[DK Goel] Q. 3 Financial Statements (with Adjustments) Solutions Class 11 CBSE (2025-26)

Solutions of Question number 3 of Chapter 20 Financial Statements (with Adjustments) DK Goel class 11 CBSE (2025-26)

On 31st March, 2025 the following Trial Balance was extracted from the books of Roshan Brothers:-

Particulars	Dr. (₹)	Cr. (₹)
Capital		1,80,000
Drawings	30,000
Debtors and Creditors	1,20,000	60,000
Bank Loan		57,000
Interest on Loan	1,800
Cash	12,000
Provision for Bad Debts		4,200
Stock 1-4-2024	40,800
Motor Vehicles	60,000
Bank	21,000
Land and Buildings	72,000
Bad Debts	3,000
Purchases and Sales	3,96,000	6,60,000
Returns	48,000	9,000
Carriage Outward	15,000
Carriage Inward	18,000
Salaries	54,000
Rent and Insurance	18,000
Advertising	21,000
Discount		3,000
General Expenses	20,400
B/R and B/P	36,000	12,000
Rent Received		1,800
	9,87,000	9,87,000

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date after taking into account the following:-

(a) Private purchases amounting to ₹ 24,000 have been debited to Purchases Account.

(b) Depreciate Land and Buildings at 21/2% and Motor Vehicles at 20%

(c) Salaries oustanding ₹ 1,200.

(d) Prepaid Insurance ₹ 1,000.

(e) Provision for Doubtful Debts is to be maintained at 5% on Debtors.

(f) Stock on 31st March, 2025 was valued at ₹ 42,000.

[Ans. G.P. ₹ 2,32,200; N.P. ₹ 88,000 and B/S Total ₹ 3,44,200.]

Hint: Returns shown on the Dr. side of Trial Balance will be treated as sales returns and returns shown on the Cr. side will be treated as purchases returns.

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