Financial Statement Analysis Final Accounts with Adjustments Q14 TS Grewal Solutions MANPREET скачать в хорошем качестве

Financial Statement Analysis Final Accounts with Adjustments Q14 TS Grewal Solutions MANPREET

Question 14. On 81st March, 2024 the following Trial Balance was prepared from the books of Manpreet: Prepare Trading and Profit & Loss Account for the year ended 31st March, 2024 and also the Balance Sheet as at that date after making the following adjustments:| 11 (i) Closing Stock at cost was 7 35,000 whereas its net realisable value (market value) was 30,000. (ii) A new machine was purchased for 7 3,000 on 1st April, 2023 but it was not paid for and entry was not recorded in the books. (iii) Wages include 7 500 paid for the installation of machinery. (iv) Provision for Doubtful Debts was raised to 7 1,400 and further bad debts of 7 300 were written off.(v) Fire broke out on 20th March, 2024 and destroyed stock to the value of 7 8,000. The insurance company admitted claim for loss of stock of 7 5,000 and the amount was paid on 15th April, 2024. (vi) Outstanding wages were 7 700 while outstanding salaries were * 500. (vii) Prepaid insurance was 7 250 and prepaid advertisement 500. (viii) Machinery was depreciated by 10% and furniture by 15%. Class 11 and Class 12 TS Grewal Accounts Solutions    / @mananmalik_commerce   =============================================== ✅ In this video, ✔️ Class: 11th ✔️ Subject: Accounts ✔️ Chapter: Financial statements with adjustment ✔️ Topic Name: Balance Sheet 0:00 Introduction 1:00 Question Discussion with Adjustments 7:43 Trading Account 10:19 Profit and Loss Account 15:22 Balance Sheet =============================================== #class11 #cbse #commerce #cbse #tsgrewal2024 #accounts #class11accounts #accountancy #accounting #chapter18#solutions#financialstatements #finalaccounts