[ISC] Q 6 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)
Solution of Question number 6 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2022-23?
Following balances are taken from the books of Niranjan. Prepare Trading and Profit & Loss Account and Balance Sheet for the year ended 31st March, 2022:
| Particulars | ₹ | Particulars | ₹ |
| Capital Opening Stock Furniture Sales Purchases Return Rent Salaries Bad Debts Sundry Debtors Bills Payable Advertisement Expenses Patents | 1,20,000 45,000 1,500 4,35,000 4,000 5,000 24,000 1,000 40,000 800 6,000 4,800 | Drawings Plant and Machinery Purchases Insurance Sales Return General Expenses Wages 6% Investments Sundry Creditors Cash Miscellaneous Receipts | 21,000 24,000 2,95,000 1,500 7,000 2,000 40,000 50,000 19,000 12,200 1,200 |
Adjustemnts:
(i) Closing Stock ₹ 75,000.
(ii) Depreciate Machinery by 10% and Furniture by 20%.
(iii) Wages ₹ 5,000 and salaries ₹ 1,200 are outstanding.
(iv) Write off ₹ 5,000 as further Bad Debts and Create 5% Provision for Doubtful Debts. Also, create a provision for discount on Debtors @ 2%.
(v) Investments were made on 1st July, 2021 and no interest has been received so far.
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 |
