Скачать или смотреть Ques 34 Adjustments in preparation of financial Statements Ch 19 : Class 11 Accounts TS Grewal

From the following Trial Balance and other information, prepare Trading and Profit & Loss Account for the vear ended 31st March, 2025 and Balance Sheet as at that date:


Sundry Debtors 3,20,000
Stock on ist April, 2024 2,20,000
Cash in Hand 350
Cash at Bank 15,450
Plant and Machinery 1,75,000
Sundry Creditors 1,81,500
General Expenses 10,750
Sales 13,45,000
Salaries 22,250
Carriage Outwards 4,000
Rent 9,000
Purchases 11,88,700
Discount 11,000
Premises 3,45,000
Capital 7,95,000

Total

23,21,500

Additional Information:

Stock on 31st March, 2025 was (ii) Rent was unpaid to the extent of 850 and? 1,500 were outstanding for General Expenses. (iii) 4.000 are to be written off as bad debts out of the above debtors and 5% is to be
provided for doubtful debts.

Depreciate Plant and Machinery by 10% and Premises by 2%.

Manager is entitled to a commission of 5% on profit after charging his commission. (vi) A fire broke out on lst April, 2025 destroying goods costing ₹ 20,000.

[Ans.: Gross Profit 60,800; Net Loss 42, 750; Balance Sheet Total-t 9,36, 100.]