FINANCIAL STATEMENTS (WITH ADJUSTMENTS ) Chapter -19 T.S.Grewal Solution Question no -19 Class -11

FINANCIAL STATEMENTS (WITH ADJUSTMENTS ) Chapter -19 T.S.Grewal Solution Question no -19 Class -11

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From the following Trial Balance of Ramesh, prepare Trading and Profit & Loss Account for the year ending 31st March, 2022 and Balance Sheet as on that dater

Heads of Accounts

LF.

Dr. R Crit

Drawings

Capital

15,000

Plant and Machinery

1,50,000

Debtors

2,05,000

Creditors

50.000

Returns Inward

Returns Outward Discount Allowed

7,000

7,000

Discount Received

6,000

15,000

Interest on Bank Loan:

12,000

Furniture

55,000

Provision for Doubtful Debts

13,000

Wages Salaries

8,000

Commission

50,000

45,000

15,000

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Rent and Taxes

13,000

2,60,000

Purchases

Sales

Stock on 1st April 2021

Carriage

Land and Building

Cash in Hand

Cash at Bank

10% Bank Loan (Taken on 1st April, 2021)

70.000 5,000

98,000 8,000

20,000

150,000

9,000

9,000

15,000

Input CGST

Input SGST

Output IGST

9,69,000

9,69,000

Total

Adjustments:

(i) Cost of stock on 31st March, 2022 was 37,000 and its market value was 35,000. (in) Wages outstanding were 6,000 and salaries outstanding were 5,000 on 31st March, 2022.

(iii) Depreciate Land and Building @ 24%, Plant and Machinery @ 10% p.a. and Furniture @15% p.a.

(iv) Purchase includes purchase of machinery for 10,000 on 1st October, 2021. (b) Debtors include bad debts of 2,000. Maintain a provision for doubtful debts

@10% on Debtors. (vi) Manager is entitled to get 10% commission on profit before charging such commission.

[Gross Profit-53,000; Net Loss- 81,500; Balance Sheet Total 4,45,500,
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[itz_akki_view]

Sir, new edition me ch-20 h vo please karva do🥺☹️🙏

[vansh_]

Best explanation sir i completed this whole playlist and now i m done with chapter with no doubts thankyou so much sir 🙏😄

[itz_akki_view]

Sir, can we make trading and P&L a/c in one formate in exam?

[ShivamsWorld]

Excellent explanation, I understand all my doubts in just once.

[Ashmitkumar]

sir class 11 new edition account book mai chapter 20 bhi h single entry system uski bhi playlist dal do plz

[ryuksapple]

sir balance sheet ko order of liquidity ya order of permanence ke sequence se nahi banayengey?

[manvitanday]

Thankyou sir exam se pehle kervane ke liye ✨🙏🙏

[chahatsoeny]

Sir in balance sheet how we find bank interest 3000 muje smj nai aya 3000 kaise aya given nai hai

[dronzersgaming]

Sir bank loan to trial balance mein h fir 2 jagah kyu jayegi p&l mein to chli gyi balance sheet mein kyu

[ThemridulBluetick]

Sir ek doubt hai ismain jo aapne commission liya hai wo cr. Main ayega ya dr. Main ayega p/L acc.main

[fashionandstylehub]

Sir GST wala part samjh nahi aaya, hume igst ki form mein 9000 + 9000 mil rakha hai, aur output igst humne de rakha hai 15000, aur hume input ki form mein kuch nahi mila, to hume government ko already pay karna tha (9000+9000) 18000, aur humne 15000 Diya to vo adjust ho jayega 3000 phir bhi to hume Dena hi hai agar humne 18000 Dena hai aur 15000 Diya hai to .

[Ujjwal]

Sir apne balance sheet ka total galat hai

[Saksham]

Class 11 Please solve and tell
On 1st April, 2018, a Company purchased a plant for ₹60, 000. On 1st October in the same year, it
purchased additional plant worth ₹ 18, 000 and spends ₹2, 000 on its erection. On 1st October, 2020,
the plant purchased on 1st April, 2013 having become obsolete, is sold off for ₹27, 000. On 1st
January, 2022, fresh plant was purchased for ₹ 64, 000 and on the same date the plant purchased on
1st October, 2018 was sold for ₹10, 000. Depreciation is provided at 10% per annum on Original cost
on 31st March every year. Show the Plant Account upto 31st March, 2022.

[loveguruhai]

Sir new session 2023 2024 12 class ke liye kab se suru karoge

[ramajain]

Sir, please release explanations of illustrations of this chapter also 🙏🙏

[firgamer]

24:20 Sir Idar Aapne 9000-6000 = Nil Kaise Boliya 🗿

[sanskargarg]

Sir CH 18 mein profit and loss account mein non operating expenses bhi lene hote hai ya bas indirect expenses?

[mahimapandey]

Sir accounting equation bhi padha dijiye please sir ..mere exam main aayega please sir..