Question No 18 Chapter No 18 - T.S. Grewal 11 Class

 

The solution of Question No 18 Chapter No 18:-

 

Trading Account

Particular		Amount	Particular		Amount
To Opening Stock		2,00,000	By Sales		14,50,000
To Purchases		9,50,000	By Closing Stock		2,00,000
To Wages		5,00,000
To Carriage Inwards		15,000
			By Gross Loss		1,85,000
		16,65,000			16,65,000

 

Profit and Loss Account

Particular		Amount	Particular		Amount
To Gross Loss		60,000
To Rent		20,000
To Sundry Expenses		50,000
			By Net Loss		2,50,000
		2,50,000			2,50,000

 

Balance Sheet

Particular		Amount	Particular		Amount
Capital	10,00,000		Machinery		3,50,000
Less: Drawings	90, 000		Closing Stock		30,000
Less: Net Loss	2, 50,000	6,60,000	Debtors		2,70,000
Creditors		1,40,000	Bank		1,50,000
		8,00,000			8,00,000

 

 

https://tutorstips.com/final-accounts/

https://tutorstips.com/profit-and-loss-account/

 

https://tutorstips.com/balance-sheet/

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Also, Check out the solved question of previous Chapters: -

• • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 - Accounting Equation
  • Chapter No. 6 - Accounting Procedures - Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 - Journal
  • Chapter No. 9 - Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

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