[ISC] Q 13 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 13 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
From the following balances, prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:
| Capital A/c Plant and Machinery Sundry Debtors Sundry Creditors Drawings Purchases Wages Bank Opening Stock | 1,00,000 40,000 24,000 12,000 12,000 1,05,000 50,000 10,000 20,000 | Returns Outward Rent Sales Manufacturing Expenses General Expenses Bad Debts Carriage Inwards Bills Payable Returns Inward | 5,000 4,000 1,64,000 8,000 7,500 2,000 1,500 7,000 4,000 |
Closing Stock on 31st March, 2022 was valued at ₹ 14,500.
Solution:-
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