Question No 22 Chapter No 19 – T.S. Grewal 11 Class

Question No.22 - Chapter No.19- T.S. Grewal +1 Book 2019-Solution

Question No 22 Chapter No 19

22. Calculate Stock in the beginning:

 Sales 80,000 Purchases 60,000 Stock at the end 8,000 Loss on Cost 1/6

The solution of Question No 22 Chapter No 19:-

 Let cost be Rs 100 Loss = 16.67 1/6 of 100 Sale = 83.33 100– 16.67 % Loss on Sale = 20% 16.67/83.33 Loss on Sale = 16,000 20 Cost of Goods Sold = Net Sales + Loss on Sale Cost of Goods Sold = 80,000 + 16,000 = 96,000 Cost of Goods Sold = Opening Stock + Purchases – Closing Stock Opening Stock = 44,000

Final Accounts: Meaning, Definition and Explanation

Profit and Loss Account: Meaning, Format & Examples

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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

T.S. Grewal’s Double Entry Book Keeping