[ISC] Q 15 Solutions Final Accounts and Concepts of Trading Account Class 11 (2022-23)
Solution of Question number 15 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2022-23.
From the following Trial Balance and additional information of Gaurav, a proprietor, prepare Trading Account, Profit & Loss Account for the year ending 31st March, 2022 and Balance Sheet as at that date:
| Particulars | Dr. (₹) | Cr (₹) |
| Building Wages Machinery Salaries and Wages Debtors Capital Purchases/Sales Creditors Income Tax Drawings | 1,60,000 26,000 16,000 41,600 33,700 – 56,500 – 2,000 500 | – – – – – 2,23,100 1,00,700 12,500 – – |
| Total | 3,36,300 | 3,36,300 |
Closing Stock was valued at cost ₹ 1,00,000 but its net realisable value (market value) was ₹ 88,500.
Solution:-
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