[ISC] Q 16 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)

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Solution of Question number 16 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.

Following balances are taken from the books of Param, a merchant on 31st March, 2023:

Debit Balances:
Furniture and Fittings
Motor Vehicles
Building
Bad Debts
Sundry Debtors
Stock on 1st April, 2022
Purchases
Sales Return
Advertising
Interest
Cash in Hand
6,400
62,500
75,900
1,250
38,000
34,600
55,750
2,000
4,500
1,180
6,500
Debit Balances (Contd.):
Insurance
General Charges
Salaries
Credit Balances:
Capital
Bills Payable
Sundry Creditors
Sales
Bank Overdraft
Purchases Return
Commission
12,500
7,820
33,000
1,28,900
2,000
25,000
1,54,500
28,500
1,250
1,750

Stock in Hand on 31st March, 2023 was valued at ₹ 32,500. From the above, prepare Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date.

Solution:-

Here is the list all solutions of Practical Problems below

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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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