[ISC] Q 19 Solution Final Accounts with adjustments TS Grewal Class 11 (2023-24)

Solution of Question number 19 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2023-24.

The Trial Balance of Tej as on 31st March, 2023 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, 2022) Cash in Hand and at Bank General Expenses Accrued but no 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 1,350 525 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
Total	3,14,776	3,14,776

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 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