FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question-no 7 Class-11 скачать в хорошем качестве

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question-no 7 Class-11

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question-no 7 Class-11 Instagram Link : https://www.instagram.com/manojsharma... Following are the balances extracted from the books of Narain on 31st March, 2022: ₹ Particulars 7 Particulars Narain's Capital 3,00,000 Sales 15,00,000 Narain's Drawings 50,000 Sales Return 20,000 Furniture and Fittings 26,000 Discount (Dr.) 16,000 Bank Overdraft 42,000 Discount (Cr.) 20,000 Creditors 1,38,000 Insurance 20,000 Building 2,00,000 General Expenses 40,000 Stock on 1st April, 2021 2,20,000 Salaries 90,000 Debtors 1,80,000 Commission (Dr.) 22,000 Rent from Tenants 10,000 Carriage on Purchases 18,000 Purchases 11,00,000 Bad Debts Written off 8,000 Additional Information: (i) Closing Stock at cost as on 31st March, 2022 was 2,00,600, whereas its Net Realisable Value (Market Value) was 2,05,000. (ii) Depreciate: Building by 3,000 and Furniture and Fittings by 2,500. (iii) Make a provision of 5% on debtors for doubtful debts. (iv) Carry forward 2,000 for unexpired insurance. (v) Outstanding salary was 15,000. Prepare Trading and Profit & Loss Account for the year and Balance Sheet as at that date. #msacademyaccounts #tsgrewal2022 #accounts #class11accounts #manojsharma #accountancy #accounting #chapter19 #solution7 #financialstatements #adjustmentinpreprationoffinancialstatement #finalaccounts