FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question:no-12 Class 11 скачать в хорошем качестве

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question:no-12 Class 11

FINANCIAL STATEMENTS (WITH ADJUSTMENTS) Chapter-19 T.S.Grewal Solution Question:no-12 Class 11 Instagram Link : https://www.instagram.com/manojsharma... Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2022 and Balance Sheet as on that date from the following balances of Trial Balance: Particulars Particulars Debit Balances Bills Receivable Drawings 7,000 10,000 Discount Machinery 1,000 Stock 50,000 Wages and Salaries 25,000 Cash in Hand 5,000 Purchases 6,000 90,000 Cash at Bank Returns Inward 32,000 2,000 Credit Balances Furniture 10,000 Capital Carriage Rent, Rates and Taxes 2,000 Returns Outward 1,000 5,000 Provision for Doubtful Debts Printing and Stationery 2,000 1,000 Creditors Office Expenses 33,000 1,200 Bills Payable 7,700 Bad Debts 1,500 Sales 1,28,000 Sundry Debtors 40,000 General Reserve 20,000 Adjustments: (i) The value of stock on 31st March, 2022, 40,000. (ii) Provision for Doubtful Debts is to be maintained at 5% on Sundry Debtors. (iii) Charge depreciation on both Furniture and Machinery @ 10% p.a. (iv) Machinery costing 20,000 was purchased on 1st January, 2022. (v) Allow interest on capital @ 5% p.a. #msacademyaccounts #manojsharma #class11accounts #tsgrewal2022 #accounts #accountancy #accounting #chapter19 #solution12 #financialstatements #adjustmentinpreprationoffinancialstatement #balancesheet #directexpenses #tradingaccounts #profitandlossaccount