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Question 19: From the following trial balance of Pooran, prepare trading and profit and loss account for the year ended 31 march (i) Cost of stock on 31st March, 2024 was 7 37,000 and its market value was ? 35,000. (i) Wages outstanding were ? 6,000 and salaries outstanding were ? 5,000 on 31st March, 2024. (iii) Depreciate Land and Building @ 2%%, Plant and Machinery @ 10% p.a. and Furniture @ 15% p.a. (ie) Purchase includes purchase of machinery for 7 10,000 on lst October, 2023. (v) Debtors include bud debts of 7 2,000. Maintain a provision for doubtful debts @ 10% on Debtors. (v) Manager is entitled to get 10% commission on profit before charging such commission. [Ans.: Gross Profit— 53,000; Net Loss -7 81,500; Balance Sheet Total & 4,45,500.] 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 4:51 Trading and Profit and Loss Account 11:23 GST set-off and Balance Sheet =============================================== #class11 #cbse #commerce #cbse #tsgrewal2024 #accounts #class11accounts #accountancy #accounting #chapter18#solutions#financialstatements #finalaccounts