[ISC] Q 4 Solution Final Accounts with adjustments TS Grewal Class 11 (2023-24)

Solution of Question number 4 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2023-24.

Trial Balance of Manohar as at 31st March, 2023 is given below:

Particulars	Dr. (₹)	Particulars	Cr. (₹)
Stock on 1st April, 2022 Furniture Plant and Machinery Debtors Wages Salaries Bad Debts Purchases Electricity Expenses Telephone Expenses General Expenses Postage and Courier Returns Inward Insurance Premium Cash in Hand Cast at Bank	25,000 8,000 1,50,000 30,000 12,000 20,000 1,000 1,20,000 1,200 2,400 3,000 1,800 900 1,500 2,500 40,000	Sales Commission Returns Outward Creditors Capital	2,27,800 500 1,000 40,000 1,50,000
	4,19,300		4,19,300

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date after taking into account the following adjustments:

(i) Closing Stock was valued at ₹ 7,000.

(ii) Outstanding liabilities for wages were ₹ 600 and Salaries ₹ 1,400.

(iii) Depreciation is to be provided @ 5% p.a. on all fixed assets.

(iv) Included in Plant and Machinery is a machine purchased for ₹ 10,000 on 1st October, 2022.

(v) Insurance premium paid in advance ₹ 200.

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