[DK Goel] Q. 30 Financial Statements (with Adjustments) Solutions Class 11 CBSE (2025-26)

Solutions of Question number 30 of Chapter 20 Financial Statements (with Adjustments) DK Goel class 11 CBSE (2025-26)

Prepare a trading and profit & loss account of M/s Green Club Ltd. for the year and a Balance Sheet as at that date from the following figures taken from their trial balance:

Debit Balances	₹	Credit Balances	₹
Opening Stock	1,25,000	Sales	2,50,000
Purchases	35,000	Purchase Return	6,000
Return Inward	25,000	Creditors	55,000
Postage	600	Capital	3,30,000
Salary	12,300	Discount Received	1,000
Wages	3,000	Provision for bad debts	4,500
Rent and rates	1,000	Commission received	5,400
Packing and transport	500
General Expenses	400
Insurnace	4,000
Debtors	50,000
Cash in hand	20,000
Closing Stock	40,000
Machinery	3,00,000
Lighting	5,000
Discount	3,500
Bad Debts	3,500
Investments	23,100
	6,51,900		6,51,900

Adjustments:

(i) Depreciation charged on Machinery @ 10% p.a.

(ii) Further Bad-debts ₹ 1,500, provision for discount on debtors @ 5% and provision for Doubtful Debts on debtors @ 6%

(iii) Wages prepaid ₹ 1,000.

(iv) Interest on investments @ 5% p.a.

[Ans. Gross Profit ₹ 69,000; Net Profit ₹ 13,565; Balance Sheet Total ₹ 3,98,565.]

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