[ISC] Q 18 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)

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Solution of Question number 18 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.

Prepare Trial Balance, Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Premier Traders as at that date, from the following extracts of Ledger balances:

Proprietor’s Capital A/c
Bills Receivable
Wages
Sundry Debtors
Bank Loan
Purchases
Commission Received
Rent
Travelling Expenses
Cash
Furniture
Input CGST
Input SGST
1,19,400
9,500
40,970
62,000
20,000
2,56,590
5,640
5,620
1,880
530
8,970
5,100
5,100
Proprietors Drawings A/c
Plant and Machinery
Salaries
Sundry Creditors
Returns Inward
Sales
Discount Allowed
Stock on 1st April, 2022
Insurance
Bank (Debit Balance)
Bad Debts
Output CGST
Output SGST
10,550
28,800
14,370
60,830
2,780
3,56,430
5,870
89,680
400
18,970
3,620
4,500
4,500

Stock in Hand on 31st March, 2023 was valued at cost as ₹ 1,28,960.

Solution:-

Here is the list all solutions of Practical Problems below

S.NSolutions
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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