# [ISC] Q 17 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)

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Solution of Question number 17 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2022-23?

Following is the Trial Balance of Balance of Bansi as on 31st March, 2022. You are required to prepare Final Accounts:

Following adjustments are to be made:

(a) Stock on 31st March, 2022 was valued at ₹ 68,000.

(b) Provision for Doubtful Debts is to be created to the extent of 5% on Sundry Debtors.

(c) Depreciate Machinery by 10% and Patents by 20%.

(d) Wages include a sum of ₹ 20,000 spent on the erection of a cycle shed for employees and visitors.

(e) Salaries for the month of March, 2022 amounted to ₹ 15,000 were unpaid.

(f) Insurance includes a premium of ₹ 1,700 on a policy expiring on 30th September, 2022.

Solution:-

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