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TS Grewal Solutions For Class 11 Accountancy Chapter 16 - Accounts From Incomplete Records-Single Entry System Q.3 Capital Of Ganesh Gupta In The Beginning Of The Year Was ₹ 70,000. During The Year His Business Earned A Profit Of ₹ 20,000, He Withdrew ₹ 7,000 For His Personal Use. He Sold Ornaments Of His Wife For ₹ Feb 4th, 2024
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Purchased Timber From Singh & Co., Ludhiana (Punjab) Of The List Price Of ₹ 20,000 At 10% Trade Discount Jan.25 Out Of The Above, Timber Used For Furnishing The Office 5,000 Jan. 31 Sold Timber To Rakesh Of The List Price Of ₹ 10,000 And Allowed Him 10% Trade Discount Feb. 10 Iss Apr 2th, 2024
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Prepare Trading And Profit And Loss Account For The Year Ended 31st March, 2019 And Balance Sheet As At That Date After Taking Into Account The Following Adjustments: (i) Closing Stock Was Valued At ₹ 7,000. (ii) Outstanding Liabilities For Wages Were ₹ 600 And Salaries ₹ 1,400. (iii) Depreciation Is To Be Provided @ 5% P.a. On Fixed Assets. Mar 3th, 2024
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Bad Debts 1,250 Interest Account (Dr.) 1,180 Stock (1st April 2018) 34,600 Cash Balance 6,500 Purchases 54,750 Insurance And Taxes 12,500 Input IGST A/c 3,000 Salaries 40,820 Output CGST A/c 1,500 Output SGST A/c 1,500 The Solution Can Be Presented As Follows . TS Grewal Solutions For Class 11 Accountancy Chapter 10 - Trial Balance ... Jun 3th, 2024
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(i) ₹ 2,860 Is Entered In The Cash Book As Paid Into The Bank On 31st March, 2019 But Not Credited By The Bank Until The Following Day. (ii) Bank Charges Of ₹ 70 On 31st March, 2019 Are Not Entered In The Cash Book. (iii) A Bill For ₹ 5,500 Discounted With The Bank Is Entered In The Cash Book Mar 3th, 2024
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