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Question No 14 Chapter No 18 – T.S. Grewal 11 Class

Question No 14 Chapter No 18
Question No.14 - Chapter No.18- T.S. Grewal +1 Book 2019-Solution

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Question No 14 Chapter No 18

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14. From the following particular, prepare Balance Sheet as at 31st March, 2018:

 DrCr
Capital4,00,000
Drawings44,000
Debtors and Creditors64,00042,000
Cash in Hand3,600
Cash at Bank72,000
Plant1,00,000
Furniture37,000
Net Profit16,600
General Reserve10,000
Closing Stock1,48,000
Total4,68,6004,68,600

 

The solution of Question No 13 Chapter No 18:-

Balance Sheet
as on March 31, 2018
Liabilities
AmountAssets
Amount
Capital4,00,000 Plant 1,00,000
Less: Drawings44,000 Furniture 8,000
Add: Net Profit16,6003,72,600Closing Stock 1,48,000
General Reserve 10,000Debtors 64,000
Creditors 42,000Cash at Bank 72,000
   Cash in Hand 3,600
  4,24,600  4,24,600



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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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T.S. Grewal's Double Entry Book Keeping

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T.S. Grewal’s Double Entry Book Keeping

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