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Solution of Q 6 Adjustments in Preparation of Financial Statements TS Grewal Class 11 (2023-24) CBSE

Question 6 of 19Chapter 19Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 6, Chapter 19 Adjustments in Preparation of Financial Statements, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 6

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date from the following balances taken from the books of Vijay on 31st March, 2023 after giving effect to the following adjustments:

  1. (i) Stock as on 31st March, 2023 was valued at ₹ 2,30,000.
  2. (ii) Write off further ₹ 1,800 as Bad Debts and maintain the Provision for Doubtful Debts at 5%.
  3. (iii) Depreciate Machinery at 10%.
  4. (iv) Provide ₹ 7,000 as outstanding interest on loan.
TS Grewal Class 11 Adjustments in Financial Statements Question 6 part 1
TS Grewal Class 11 Adjustments in Financial Statements Question 6 part 2

Solution

Solution of Q 6 Adjustments in Financial Statements TS Grewal 2023-24 part 1
Solution of Q 6 Adjustments in Financial Statements TS Grewal 2023-24 part 2
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Solution of Q 6 Adjustments in Financial Statements TS Grewal 2023-24 part 3
Solution of Q 6 Adjustments in Financial Statements TS Grewal 2023-24 part 4
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About this solution

This is Chapter 19 Adjustments in Preparation of Financial Statements of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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