FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter -19 T.S.Grewal Solution- Question no -13 Class -11 скачать в хорошем качестве

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter -19 T.S.Grewal Solution- Question no -13 Class -11

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter 19 T.S.Grewal Solution Question no -13 Class -11 Instagram Link : https://www.instagram.com/manojsharma... Following is the Trial Balance of Indramani as on 31st March, 2022: Credit Balances 27,000 Capital 16,500 Returns Outward 1,100 6,300 Sales 2,46,700 ,050. lance Debit Balances Building Machinery Furniture 60,000 and Goodwill Productive Wages 27,142 Provision for Doubtful Debts 31,790 Creditors 6200 Salaries 18,160 15,040 Bills Payable 2,470 Bank Loan 12,000 Freight Inwards Freight Outwards Manufacturing Expenses 10,000 2,000 and 11,000 Insurance 3,000 General Expenses 6,630 Debtors 67,360 Opening Stock Purchases €29,170 10 95,015 Returns Inward 3,128 Commission 989 Bad Debts 1,300 Bank Charges 460 Bank Balance 7,145 Cash 721 3,54,160 3,54,160 Prepare Trading and Profit & Loss Account for the year ending 31st March, 2022 and Balance Sheet as on that date after making the following adjustments: (i) Value of Closing Stock 6,100. (ii) Depreciate machinery @ 10% p.a. (iii) Create Provision for Doubtful Debts at 5% on debtors. (iv) Commission payable to manager at 10% on net profit. (v) On 25th March, 2022, goods costing 1,500 and furniture costing 3,000 were destroyed by fire, insurance company has accepted claims of 1,000 for goods and 2,000 for furniture. [Gross Profit-82,827; Net Profit-48,264; Balance Sheet Total- 1,53,250 #msacademyaccounts #manojsharma #class11accounts #tsgrewal2022 #accountancy #accounting #chapter19 #solution13 #financialstatements #adjustmentinpreprationoffinancialstatement #balancesheet