Advertisement

Question No 16 Chapter No 18 – T.S. Grewal 11 Class

Question No 16 Chapter No 18
Question No.16 - Chapter No.18- T.S. Grewal +1 Book 2019-Solution

Advertisement

Question No 16 Chapter No 18

Advertisement

16. From the Balance Sheet given below, calculate: i Fixed Assets ii Current Assets iii Current Liabilities iv Working Capital

Liabilities Assets 
Trade Creditors42,000Stock in Hand48,000
Expenses Accrued3,200Debtors36,000
Bank Overdraft4,800Prepaid Expenses400
Long-Term Loan20,000Goodwill20,000
Interest on Loan1,000Land20,000
Capital93,400Plant32,000
  Furniture8,000
 1,64,400 1,64,400

 

The solution of Question No 16 Chapter No 18:-

Advertisement-X

 

(i) Fixed Assets=Land +Plant +Furniture +Goodwill
 =20,000 +32,000 +8,000 +20,000
 =Rs 80,000
(ii) Current Assets=Stock +Debtors +Prepaid Expenses
 =48,000 +36,000 +400 
 =Rs 84,400
(iii) Current Liabilities=Creditors +Expenses Accrued +Bank Overdraft +Interest on Loan
 =42,000 +3,200 +4,800 +1,000 
 =Rs 51,000
(iv) Working Capital=Current Assets −Current Liabilities
 =84,400 −51,000
 =Rs 33,400

 

Final Accounts: Definition and Explanation

Profit and Loss Account: Meaning, Format & Examples

Thanks, Please Like and share with your friends  

Comment if you have any question.

Advertisement-X

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

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

Advertisement

Advertisement

error: Content is protected !!