[ISC] Q 9 Solution Final Accounts with adjustments TS Grewal Class 11 (2022-23)

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Solution of Question number 9 solution of Final Accounts with adjustments TS Grewal class 11 Accountancy ISC Board 2022-23?

Following is the Trial Balance of Bharat on 31st March, 2022:

ParticularsDr. (₹)Cr. (₹)
Capital
Plant and Machinery
Furniture and Fittings
Stock on 1st April, 2021
Accrued Commission
Sundry Debtors
Cash in Hand
Cast at Bank
Wages
Salaries
Purchases
Sales
Bills Receivable
Bills Payable
Sundry Creditors
Commission
Returns Inward
Provision for Doubtful Debts
Drawings
Returns Outward
Rent
Factory Power
Insurance
General Expenses
Bad Debts
Discount

50,000
2,600
48,000
12,000
45,700
400
6,500
1,50,000
14,000
2,13,500

7,200



9,300

7,000

6,000
800
6,300
1,000
2,500
6,500
40,000










4,80,000

5,600
40,000
12,000

2,500

5,500





3,700
Total5,89,3005,89,300

Following adjustments are to be made:

(a) Stock on 31st March, 2022 at cost was ₹ 52,000 whereas its net realisable value (Market Value) was ₹ 57,000.

(b) Three months’ factory power bill due but not paid ₹ 300.

(c) 5% depreciation to be written off on furniture.

(d) Write off further Bad Debts ₹ 700.

(e) Provision for Doubtful Debts to be increased to ₹ 3,000 and Provision for Discount on Debtors @ 2% to be made.

(f) During the year, machinery was purchased for ₹ 20,000 but it was debited to the Purchases Account.

You are required to prepare Trading Account, Profit & Loss Account and Balance Sheet.

Solution:-

Here is the list of all solutions of Practical Problems below

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
21Question – 21
22Question – 22
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