[ISC] Q 12 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)

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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:-

Here is the list 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
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
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