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

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:

Particulars	Dr. (₹)	Particulars	Cr. (₹)
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
	2,98,000		2,98,000

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.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