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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question No 14 Chapter No 18
14. From the following particular, prepare Balance Sheet as at 31st March, 2018:
| Dr | Cr | |
| Capital | … | 4,00,000 |
| Drawings | 44,000 | … |
| Debtors and Creditors | 64,000 | 42,000 |
| Cash in Hand | 3,600 | … |
| Cash at Bank | 72,000 | … |
| Plant | 1,00,000 | … |
| Furniture | 37,000 | … |
| Net Profit | … | 16,600 |
| General Reserve | … | 10,000 |
| Closing Stock | 1,48,000 | … |
| Total | 4,68,600 | 4,68,600 |
The solution of Question No 13 Chapter No 18:-
Balance Sheet as on March 31, 2018
| Liabilities |
Amount | Assets |
Amount | ||
|---|---|---|---|---|---|
| Capital | 4,00,000 | Plant | 1,00,000 | ||
| Less: Drawings | 44,000 | Furniture | 8,000 | ||
| Add: Net Profit | 16,600 | 3,72,600 | Closing Stock | 1,48,000 | |
| General Reserve | 10,000 | Debtors | 64,000 | ||
| Creditors | 42,000 | Cash at Bank | 72,000 | ||
| Cash in Hand | 3,600 | ||||
| 4,24,600 | 4,24,600 | ||||
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T.S. Grewal's Double Entry Book Keeping
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 14 Chapter No 18 - T.S. Grewal 11 Class", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 11 Class Financial Accounting.
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