Home
Class 11
ACCOUNTS
Prepare Trading and Profit and Loss Acco...

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

Text Solution

Verified by Experts

The correct Answer is:
Gross Profit - Rs 4,10,000; Net Profit - Rs 2,40,000; Balance Sheet Total - Rs 6,10,000
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP

    TS GREWAL|Exercise Illustration|50 Videos

  • FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP

    TS GREWAL|Exercise short answer type question|26 Videos

  • DEPRECIATION

    TS GREWAL|Exercise EVALUATION QUESTIONS: QUESTIONS WITH MISSING VALUES|3 Videos

  • INTRODUCTION TO ACCOUNTING

    TS GREWAL|Exercise Short Answer Type Questions|19 Videos

Similar Questions

Explore conceptually related problems

Preparing Trading And Profit And Loss Account And Balance Sheet

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.

From the following Trial Balance, Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date: On 31st March, 2019 the stock was valued at Rs 1,00,000

Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following balances as on March 31, 2017. Closing stock Rs. 8,000

From the following balances taken from the books of Hari & Co., prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at the date: Closing Stock was value at Rs 1,82,100

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-FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP-Practical Problems
  1. From the following information, prepare Trading Account for the year e...

    Text Solution

    |

  2. From the following figures, calculate Operating Profit

    Text Solution

    |

  3. From the following, prepare Profit and Loss Account of Sohan Lal as it...

    Text Solution

    |

  4. From the following information, prepare Profit and Loss Account for th...

    Text Solution

    |

  5. From the following particulars, prepare Balance Sheet as at 31st March...

    Text Solution

    |

  6. From the following information, prepare Balance Sheet of a trader as a...

    Text Solution

    |

  7. From the Balance Sheet given below, calculate: (i) Fixed Assets (ii)...

    Text Solution

    |

  8. Prepare Trading and Profit and Loss Account and Balance Sheet of Jagat...

    Text Solution

    |

  9. From the following balances, prepare Trading and Profit and Loss Accou...

    Text Solution

    |

  10. The following are the balances as on 31st March, 2019 extracted from t...

    Text Solution

    |

  11. From the following balances of Anand, prepare Trading Account, Profit ...

    Text Solution

    |

  12. From the following balances, prepare Final Accounts of M/s Raja & Sons...

    Text Solution

    |

  13. From the following balances, prepare Final Accounts of M/s Mangal & So...

    Text Solution

    |

  14. From the following balances prepare Trading and Profit and Loss Accoun...

    Text Solution

    |

  15. From the following balances taken from the books of Hari & Co., prepar...

    Text Solution

    |

  16. From the following balances, as on 31st March, 2019, prepare Trading a...

    Text Solution

    |

  17. Trial Balance of Chatter Sen on 31st March, 2019 revealed the followin...

    Text Solution

    |

  18. Following Trial Balance is extracted from the books of a merchant on 3...

    Text Solution

    |

  19. The following balances were extracted from the books of Harish Chandra...

    Text Solution

    |

  20. From the following Trial Balance and Additional information of Mr. Gau...

    Text Solution

    |