# [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:

(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

##### 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 and can download the Android & ios app for free lectures.

Articles: 5229

### One comment

1. #### suriya

this is a useful website for me to clear my mistakes through the sums which is wrote above I like this website

close