[ISC] Q 20 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 20 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
From the following Trial Balance, prepare Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:
| Particulars | Dr. (₹) | Cr. (₹) |
| Capital Plant and Machinery Land and Building Sales Furniture and Fixtures Trade Expenses Cash at Bank Wages and Salaries Repairs Purchases opening Stock Sundry Debtors Sundry Creditors Purchases Return Rent Discount Drawings Bills Receivable/Bills Payable Bad Debts Interest Input CGST A/c Input SGST A/c Output CGST A/c Output SGST A/c Output IGST A/c | – 1,00,000 1,20,000 – 50,000 30,000 2,50,000 60,000 10,000 6,00,000 2,00,000 1,00,000 – – – 8,000 10,000 40,000 4,000 – 10,000 10,000 5,000 – – – | 5,00,000 – – 9,00,000 – – – – – – – – 1,20,000 10,000 12,000 – – 30,000 – 10,000 – – – 5,000 5,000 15,000 |
Stock on 31st March, 2023 was valued at ₹ 1,40,000.
Solution:-
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