[ISC] Q 8 Solutions Final Accounts and Concepts of Trading Account Class 11 (2023-24)

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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:-

Here is the list all solutions of Practical Problems below

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1Question – 1
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