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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

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Question No 11 Chapter No 18

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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 AccountDebit BalanceCredit Balance
Opening stock of medicine1,80,000
Purchases of medicine5,00,000

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
AmountParticular
Amount
To Opening Stock A/c1,80,000    
Add:Purchases 5,00,000    
Less: Closing Stock2,40,0004,40,000   
      
    

 

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Balance Sheet
Labilities
AmountAssets
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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