Home
Class 11
ACCOUNTS
Following are the balances extracted for...

Following are the balances extracted form the books of Manish on 31st March, 2019 :

Prepare Trading and Profit and loss Account and Balance Sheet as at 31st March, 2019 after following adjustments are made :
(i) Closing Stock was Rs 16,000.
(ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%.
(iii) Unpaid Rent amounted to Rs 500.

Text Solution

Verified by Experts

The correct Answer is:
Gross Profit -Rs 10,900; Net Loss -Rs 24,900; Balance Sheet Total -Rs 2,08,100.
NA
Promotional Banner

Topper's Solved these Questions

  • ADJUSTMENTS IN PREPARATION OF FINANCIAL STATEMENTS

    TS GREWAL|Exercise Illustration- 1|2 Videos

  • ADJUSTMENTS IN PREPARATION OF FINANCIAL STATEMENTS

    TS GREWAL|Exercise Illustration- 2|2 Videos

  • ADJUSTMENTS IN PREPARATION OF FINANCIAL STATEMENTS

    TS GREWAL|Exercise Short answer type questions|38 Videos

  • ACCOUNTS FROM INCOMPLETE RECORDS-SINGLE ENTRY SYSTEM

    TS GREWAL|Exercise EVALUATION QUESTIONS WITH NISSING VALUES|1 Videos

  • BANK RECONCILIATION STATEMENT

    TS GREWAL|Exercise EVALUATION QUESTIONS : QUESTIONS WITH MISSING VALUES|8 Videos

Similar Questions

Explore conceptually related problems

Prepare Trading and Profit and Loss Account and Balance Sheet of Jagat Shan as at 31st March, 2019 from the following balance: The Closing Stock was valued at Rs 2,00,000

From the following balances, as on 31st March, 2019, prepare Trading and Profit and Loss Account and Balance Sheet: Closing Stock on 31 st March, 2019 valued at Rs 14,500

From the following Trial Balance of Ram Chandra on 31st March, 2019 prepare Trading and Profit and Loss Account and Balance Sheet. Value of Closing Stock as on 31st March, 2019 was Rs 50,000

Following balances appear in the Trial Balance of a firm as on 31st March, 2019: Prepare Trading Account of the firm

From the following balances of Anand, prepare Trading Account, Profit and Loss Account, and Balance Sheet as at 31st March, 2019 Value of goods on hand (31st March, 2019) was Rs 1,43,000

TS GREWAL-ADJUSTMENTS IN PREPARATION OF FINANCIAL STATEMENTS -Practical Problems
  1. Following are the balances extracted form the books of Manish on 31st ...

    Text Solution

    |

  2. Prepare Trading and Profit and Loss account and Balance sheet form the...

    Text Solution

    |

  3. Following Trial Balance has been extracted form the books of Prasad on...

    Text Solution

    |

  4. From the following Trial Balance of Shradha as on 31st March, 2019, pr...

    Text Solution

    |

  5. Trial balance of a business as at 31st March, 2019 is given below: ...

    Text Solution

    |

  6. Following are the balances extracted from the books Naraina on 31st Ma...

    Text Solution

    |

  7. Following balances are taken from the books of Niranjan. Prepare Tradi...

    Text Solution

    |

  8. From the following Trial Balance of Mahesh, prepare his Final Accounts...

    Text Solution

    |

  9. Following Balances were extracted from the books of Vijay on 31st Marc...

    Text Solution

    |

  10. Following are the balances extracted form the books of Manish on 31st ...

    Text Solution

    |

  11. Prepare Trading and Profit and Loss account and Balance sheet form the...

    Text Solution

    |

  12. Following Trial Balance has been extracted form the books of Prasad on...

    Text Solution

    |

  13. From the following Trial Balance of Shradha as on 31st March, 2019, pr...

    Text Solution

    |

  14. Trial balance of a business as at 31st March, 2019 is given below: ...

    Text Solution

    |

  15. Following are the balances extracted from the books Naraina on 31st Ma...

    Text Solution

    |

  16. Following balances are taken from the books of Niranjan. Prepare Tradi...

    Text Solution

    |

  17. From the following Trial Balance of Mahesh, prepare his Final Accounts...

    Text Solution

    |

  18. Following Balances were extracted from the books of Vijay on 31st Marc...

    Text Solution

    |