[ISC] Q 1 Solution Final Accounts with adjustments TS Grewal Class 11 (2023-24)

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Solution of Question number 1 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2023-24.

Following are the balances extracted from the books of Manish on 31st March, 2023:

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 31st March, 2023 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
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