Question No 11 Chapter No 18 – USHA Publication 11 Class

Question No 11 Chapter No 18
Q-11 - CH-18 - USHA +1 Book 2020 - Solution

Question No 11 Chapter No 18

Computation of value of items consumed

11. The following balance has been extracted from the trial balance of Miss Radhika as on 31st March 2018:

Ledger Account Debit Balance Credit Balance
Opening stock of medicine 1,80,000
Purchases of medicine 5,00,000

Adjustments:
Closing stock of medicine was Rs 2,40,000 show how these items will be shown in financial statements of 2017-18

The solution of Question No 11 Chapter No 18:-

Trading Account
Particular
Amount Particular
Amount
To Opening Stock A/c 1,80,000        
Add:Purchases  5,00,000        
Less: Closing Stock 2,40,000 4,40,000      
           
       

 

 

Balance Sheet
Labilities
Amount Assets
Amount
      Closing stock   2,40,000
           
       

 

Final Accounts: Meaning, Definition and Explanation

 

Profit and Loss Account: Meaning, Format & Examples

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Balance Sheet: Meaning, Format & Examples

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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution

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