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

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

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 starts from 1st April and end 31st March).

On the basis of the Trial balance, An accountant prepared the final accounts or financial statement 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.

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Final Accounts: Definition and Explanation

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

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

Q 01 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 01 Chapter No 17 01. Classify the following expenses into capital or revenue: A property dealer purchased 3 ...
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Q 02 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 02 Chapter No 17 02.Which of the following expenses are capital or revenue? Also state reasons Expenses incurred on ...
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Q 03 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 03 Chapter No 17 03. State whether the following item of expenditure are of capital or revenue nature: Rs ...
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Q 04 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 04 Chapter No 17 04. Which of the following expenses are capital, revenue or deferred revenue expenditure Rs 80,000 ...
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Q 05 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 05 Chapter No 17 05. Ascertain gross profit from the following figures:   Rs   Rs Opening stock 5,570 ...
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Q 06 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 06 Chapter No 17 06. From the following figure, ascertain the gross profit of Ranger:   Rs   Rs ...
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Q 07 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 07 Chapter No 17 07. M/s Avinash and Co. has requested you to calculate the gross profit for the ...
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Q 08 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 08 Chapter No 17 08.Prepare a Trading Account of Akhlaq Ahmad for the year ending 31st March 2017 from ...
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Q 09 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 09 Chapter No 17 09.Preapre trading ad Profit & Loss account of Subhash Chander for the year ended 31st ...
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Q 10 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 10 Chapter No 17 10. From the following records of Ravneet Kalra on 31st March 2016, determine:(i) Net Sales ...
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Q 11 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 11 Chapter No 17 11. From the following balance of Harjit Singh, prepare Trading and Profit & loss account ...
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Q 12 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 12 Chapter No 17 12. Prepare the Profit & Loss Account of Simranjit Singh for the year ending 13st ...
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Q 13 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 13 Chapter No 17 13. Prepare the Profit & Loss Account from the following balances extracted from the books ...
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Q 14 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 14 Chapter No 17 14. From the following balance of Sarita Madaan, Prepare Profit & Loss account for the ...
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Q 15 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 15 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 15.From the following balance taken from ...
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Q 16 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 16 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 16. Fromm the following balances prepare ...
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Q 17 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 17 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 17. From the following trial balance ...
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Q 18 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 18 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 18.From the following trial balance of ...
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Q 19 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 19 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 19. Form the following balance taken ...
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Q 20 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 20 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 20.The following balance were extracted from ...
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Q 21 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 21 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 21. From the following balances taken ...
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Q 22 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 22 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 22. Given below the trial balance ...
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Q 23 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 23 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 23.With the help of following balance ...
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Q 24 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 24 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 24. Abraham Started a business on ...
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Q 25 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 25 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 25.From the following trail balance taken ...
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Q 26 CH 17 USHA 1 Book 2020 Solution min 360x203 - Chapter No. 17 - Financial Statements - (Without Adjustments) - USHA Publication Class +1 - Solution
Question No 26 Chapter No 17 Trading and Profit & Loss Account and Balance Sheet 26.From the following information compile a ...
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