[ISC] Q 19 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)
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 Accounts | Dr. | 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 |
| 3,14,776 | 3,14,776 |
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.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| 21 | Question – 21 |
| 22 | Question – 22 |
