[ISC] Q 3 Solution Final Accounts with adjustments TS Grewal Class 11 (2023-24)

Share your love

Solution of Question number 3 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2023-24.

Following Trial Balance has been drawn from the books of Prasad on 31st March, 2023:

ParticularsDr. (₹)ParticularsCr. (₹)
Machinery
Cash at Bank
Cash in Hand
Wages
Purchases
Stock on 1st April, 2021
Sundry Debtors
Bills Receivable
Rent
Commission
General Expenses
Salaries
40,000
10,000
5,000
10,000
80,000
60,000
44,000
29,000
4,500
2,500
8,000
5,000
Capital
Sales
Sundry Creditors
Interest Received
90,000
1,60,000
45,000
3,000
2,98,0002,98,000

Additional Information:

(i) Outstanding salaries were ₹ 4,500.

(ii) Depreciate Machinery at 10%.

(iii) Wages Outstanding were ₹ 500.

(iv) Stock on 31st March, 2023 ₹ 80,000.

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date.

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: 6553

Leave a Reply

Your email address will not be published.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

x