[ISC] Q 19 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)

Share your love

Are you looking for the Question number 19 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2022-23?

The Trial Balance of Tej as on 31st March, 2022 was as follows:

Ledger AccountsDr.Cr.
Purchases
Sales
Provision for Doubtful Debts
Sundry Debtors
Sundry Creditors
Bills Payable
Opening Stock
Wages
Salaries
Furniture
Postage and Courier
Power and Fuel
General Expenses
Bad Debts
Loan to Suraj @ 10% p.a. ([1st December, 2021]
Cash in Hand and at Bank
General Expenses Accrued but not paid
Drawings
Capital
Outstanding Wages
Input CGST
Input SGST
Output CGST
Output SGST
1,62,505


50,200


26,725
23,137
5,575
7,250
4,226
1,350
5,831
525
3,000
10,000

4,452


5,000
5,000


2,52,400
5,200

30,526
3,950










700

12,000
2,000


4,000
4,000
3,14,7763,14,776

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2022 and Balance Sheet after considering the following information:

(i) Depreciation on Furniture @ 10% to be charged.

(ii) Sundry Debtors include ₹ 500 due from a customer who has become insolvent.

(iii) Provision for Doubtful Debts @ 5% on Sundry Debtors is to be maintained.

(vi) Goods costing ₹ 1,500 were destroyed by fire and insurance company admitted a claim for ₹ 1,000.

(v) Stock on 31st March, 2022 was ₹ 12,550.

Solution:-

Here is the list of 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
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
21Question – 21
22Question – 22
Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

Articles: 7157

Leave a Reply

Your email address will not be published. Required fields are marked *

x