[ISC] Q 8 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)
Solution of Question number 8 solution of Final Accounts and Concepts of Trading Account without adjustment class 11 Accountancy class 11 ISC Board 2023-24.
From the following information, prepare Balance Sheet of Amit as at 31st March, 2023 arranging the assets and liabilities – (i) in order of permanence, and (ii) in order of liquidity:
| ₹ | ₹ | ||
| Goodwill Capital Liabilities for Expenses Cash in Hand Investment Bills Payable Net Profit Sundry Debtors Land and Building | 20,000 1,80,000 1,200 1,000 20,000 10,700 92,600 50,000 60,000 | Bank Sundry Creditors Bills Receivable Plant and Machinery Provision for Doubtful Debts Closing Stock Furniture Drawings | 20,000 63,000 13,000 40,000 2,500 80,000 16,000 30,000 |
Solution:-
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