[ISC] Q 11 Solutions Final Accounts and Concepts of Trading Account Class 11 (2022-23)
Solution of Question number 11 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2022-23.
Following are the balances as on 31st March, 2022 extracted from the books of Bhagwan Dass:
| Sales Purchases Returns Inward Returns Outward Stock Carriage Inwards Rent Discount Printing Insurance Travelling Expenses | 9,20,000 6,83,000 13,000 22,000 1,76,000 24,000 22,000 37,500 7,200 5,000 14,000 | Postage Miscellaneous Expenses Bad Debts Debtors Creditors Loan – Mata Din (Cr.) Capital Drawings Business Premises Office Furniture | 6,200 9,000 4,000 2,20,000 1,28,000 50,000 5,25,000 19,100 3,90,000 15,000 |
Stock on 31st March, 2022 was valued at ₹ 2,40,000.
Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2022.
Solution:-
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