[ISC] Q 1 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)

Share your love

Are you looking for the Question number 1 solution of Final Accountswith adjustments TS Grewal class 11 Accountancy ISC Board 2022-23.

Following are the balances extracted from the books of Manish on 31st March, 2022:

Capital
Drawings
Plant and Machinery
Delivery Vehicle
Sundry Debtors
Sundry Creditors
Purchases
Sales
Wages
1,90,000
7,000
1,20,000
26,000
36,000
26,000
20,000
42,000
8,000
Cash at Bank
Salaries
Repairs
Stock on 1st April, 2021
Rent
Manufacturing Expenses
Bills Payable
Bad Debts
Carriage Inwards
26,000
8,000
1,900
16,000
4,500
1,500
23,500
5,000
1,600

Prepare Trading and Profit & Loss Account and Balance Sheet as at 31t March, 2022 after following adjustments are made:

(i) Closing Stock was ₹ 16,000.

(ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%.

(iii) Unpaid Rent amounted to ₹ 500.

Solution:-

Here is the list of all solutions of Practical Problems below

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
21Question – 21
22Question – 22
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7157

Leave a Reply

Your email address will not be published. Required fields are marked *

x