FINANCIAL STATEMENTS WITH ADJUSTMENTS Chapter19 TSGrewal Solution Question no4 Class 11

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FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 -T.S.Grewal Solution Question no-4 Class -11 • Instagram Link : • https://www.instagram.com/manojsharma... • From the following Trial Balance of Shradha as on 31st March, 2022, prepare Trading and Profit Loss Account for the year ended 31st March, 2022 and Balance Sheet as at that date: • Stories • d Debts • purchases • ectricity Charges • lephone Charges General Expenses • stage Expenses • turns Inward • Heads of Accounts • L.F. • Debit Balances • Gredit Balances • Premium urance • 80,000 • 18,000 • 1,55,000 • Cash in Hand • Cash at Bank • 82,600 • 42,000 • 1,600 • Prepare Trading • Balance Sheet as • Capital • Drawings • Sales • Purchases • Stock (1st April, 2021) • Returns Outward • Carriage Inwards • Wages Power • Machinery • Furniture • Rent • Salary • Insurance • Bank Loan • Debtors • Creditors • Cash in Hand • 1,200 • 4,000 • 6,000 • 50,000 • 14,000 • 22,000 • 15,000 • 3,600 • (1) Closing Sto • (i) Outstandin • (ii) Depreciatio • (iv) Plant and M • 25,000 • 20,600 • 18,900 • (u) Insurance [Gross • 1,500 • Total • 2,80,500 • 2,80,500 • Adjustments: • (i) Closing Stock 64,000. • (ii) Wages outstanding ₹ 2,400. • (iii) Interest rate of Bank Loan is 8% p.a. • (iv) Bad Debts 600. • (v) Provision for Doubtful Debts to be 5%. • (vi) Rent is paid for 11 months. • (vii) Insurance premium is paid per annum, ended 31st May, 2021. • (viii) Loan from the bank was taken on 1st October, 2021. • (ix) Provide Depreciation on machinery @ 10% and on Furniture @ 5%. • (MSE Chandigarh, Modified) • #msacademyaccounts • #tsgrewal2022 • #accounts • #class11accounts • #manojsharma • #accountancy • #accounting • #chapter19 • #solution4 • #financialstatementswithadjustment • #finalaccounts • #netprofit • #grossprofit

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