[ISC] Q 14 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 14 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
Trial Balance of Chaman on 31st March, 2023 had the following balances:
| ₹ | ₹ | ||
| Debit Balances: Plant and Machinery Purchases Sales Return Opening Stock Discount Allowed Bank Charges Sundry Debtors Salaries Wages | 90,000 58,750 1,000 40,000 350 75 45,000 6,800 10,000 | Debit Balances (Contd.): Rent Advertisement Cash at Bank Credit Balances: Capital Sales Purchases Return Discount Received Sundry Creditors | 2,000 3,200 6,900 1,10,000 1,27,000 1,275 800 25,000 |
Stock on 31st March, 2023 was valued at ₹ 35,000. Prepare Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date.
Solution:-
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