[ISC] Q 5 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)
Solution of Question number 5 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2022-23?
Following are the balances taken from the books of Narain on 31st March, 2022:
Particulars | ₹ | Particulars | ₹ |
Narain’s Capital Narain’s Drawings Furniture and Fittings Bank Overdraft Creditors Business Premises Stock on 1st April, 2021 Debtors Rent from Tenancts Purchases | 3,00,000 50,000 26,000 42,000 1,38,000 2,00,000 2,20,000 1,80,000 10,000 11,00,000 | Sales Sales Return Discount (Dr.) Discount (Cr.) Insurance General Expenses Salaries Commission (Dr.) Carriage on Purchases Bad Debts Written off | 15,00,000 20,000 16,000 20,000 20,000 40,000 90,000 22,000 18,000 8,000 |
Additional Information:
(i) Closing Stock as on 31st March, 2022 at cost was ₹ 2,15,600 whereas its net realisable value (Market Value) was ₹ 2,00,600.
(ii) Depreciate: Business Premises by ₹ 3,000 and Furniture and Fittings by ₹ 2,500.
(iii) Make a provision of 5% on debtors for doubtful debts.
(iv) Carry forward ₹ 2,000 for unexpired insurance.
(v) Outstanding salary was ₹ 15,000.
Parepare Trading and Profit & Loss Account for the year ended 31st March, 2022 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 |
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