[ISC] Q 12 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 12 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
From the following balances extracted from the books of Anand, prepare Trading Account, Profit & Loss Account, and Balance Sheet as at 31st March, 2023:
| ₹ | ₹ | ||
| Credit Balances: Capital Creditors Bills Payable Sales Loan Debit Balances: Debtors Salaries Discount | 3,60,000 87,200 25,270 7,81,820 1,20,000 38,850 40,000 10,000 | Debit Balances (Contd.): Postage Bad Debts Interest Insurance Machinery Stock (Opening) Purchases Wages Building Fixtures and Fittings | 2,730 2,870 12,950 4,170 1,00,000 99,450 6,20,920 43,000 2,37,800 161,550 |
Value of goods on hand on 31st March, 2023 was ₹ 1,43,000.
Solution:-
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