Chapter No. 17 – Financial Statements – (Without Adjustments) – USHA Publication Class +1 – Solution

In this article, we have provided the Question wise solution to all Questions of Chapter No. 17 – Financial Statements – (Without Adjustments) – USHA Publication Class 11 – Solution, But first of all, we have explained the meaning of Depreciation: –

Meaning of Final Accounts

Final Accounts gives an idea about the profitability and financial position of a business to its management, owners, and other interested parties. It is a combination of the following statement: –

  1. Trading Account
  2. Profit and loss account
  3. Balance Sheet

Every businessman started a business to earn some income from it. Profit is the net income that the owner gets from the business. To calculate profit or loss, An accountant has made the final accounts for the business for a particular accounting period(i.e. One year starting from 1st April and ending 31st March).

On the basis of the Trial balance, An accountant prepares the final accounts or financial statements for the particular period of time for reporting the management of the business. The final accounts are prepared to throw light on the financial results of the operation of the business during the particular accounting period of time and the financial position of the business at that period of time.

Check out the full article: –

Final Accounts: Meaning, Definition and Explanation

Chapter No. 17 – Financial Statements – (Without Adjustments) – USHA Publication Class +1 – Solution

Question-wise solution of all Questions of Chapter No. 17 – Financial Statements – (Without Adjustments) – USHA Publication Class +1 – Solutions are shown below: –

Question No 03 Chapter No 17 – USHA Publication 11 Class

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Question No 13 Chapter No 17 – USHA Publication 11 Class

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Question No 23 Chapter No 17 – USHA Publication 11 Class

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

Chapter No. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and Transactions

Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

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Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

Chapter No. 17 – Financial Statements – (Without Adjustments)

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Chapter No. 18 – Financial Statements – (With Adjustments)

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