Class11th

35. From the following Trial Balance extracted from the books of Mr. Karuna Sagar, prepare a Trading and Profit & Loss A/c for the year ended 31st March, 2023 and a Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. PurchasesRent PaidWagesSalariesPowerStock on 1-4-2022Stock on 31-3-2023CharityDebtorsFurnitureMotor CarMotor Car ExpensesInsuranceUnexpired InsuranceDrawingsCash Balance 3,30,0007,48033,00030,8005,40015,00036,00050053,0008,0002,00,00018,0003,6006005,00034,680 … Read more

34. Prepare Trading and Profit & Loss Account and Balance Sheet as at 31st March, 2023, from the following balances: Particulars Rs. Particulars Rs. Capital A/cDrawings A/cBills ReceivablePlant & MachinerySundry DebtorsLoan A/c (Cr.) at 12% p.a. 5,00,00036,0005,8003,80,00058,00020,000 Stock on 1.4.2022Salaries & WagesOutstanding Salaries and WagesInsurance (including premium of Rs. 1,000 per annum paid upto 30.9.2023) … Read more

33. On 31st March, 2023 the following Trial Balance of Sh. Ajay Oswal was taken out. Prepare Trading and Profit & Loss Account for the year and Balance Sheet at that date after making the following adjustments: 1. Stock on 31st March, 2023 was valued Rs. 26,000. General Manager is entitled to a Commission of … Read more

32. Below is given the Trial Balance of Mr. Ram as at 31st December, 2022. You are required to prepare Trading and Profit & Loss Account and Balance Sheet as at that date: Debit Balances Rs. Credit Balances Rs. Opening StockPurchasesPlantSalary 42,0002,00,00060,00033,000 SalesSundry CreditorsPurchases ReturnCommission 4,10,00020,0008,0007,500 WagesDiscountRentFurniture (Including Furniture of Rs. 5,000 purchased on 1st … Read more

31. Prepare a trading and profit & loss account of M/s Green Club Ltd. for the year and a Balance Sheet as at that date from the following figures taken from their trial balance: 3,71,900 3,71,900 Opening StockPurchasesReturn inwardPostageSalaryWagesRent and ratesPacking and transportGeneral expensesInsuranceDebtorsCash in handClosing StockMachineryLightingDiscount 1,25,00035,00025,00060012,3003,0001,0005004004,00050,00020,00040,00020,0005,0003,500 SalesPurchase ReturnCreditorsCapitalDiscount receivedProvision for bad debtsCommission received … Read more

30. From the following balances extracted from the books of Sharma, prepare the Trading and Profit & Loss Account for the year ended 31st March 2023 and Balance Sheet as at that date after taking into consideration the adjustments given below: TRIAL BALANCE  as at 31st March, 2023 Particulars Dr. (Rs.) Cr. (Rs.) Drawing and … Read more

29. The following is the trial balance of Mr. Amar Chand as at 31st March, 2023: Dr. (Rs.) Cr. (Rs.) Stock on 1st April, 2022Purchases and SalesReturnsSundry Debtors and Creditors 62,0003,15,0003,70080,000 4,48,0002,50043,000 Dr. (Rs.) Cr. (Rs.) Bills Receivable and PayableDrawings and CapitalCash in HandBalance with Bank of TokyoDiscountCarriage on PurchasesCarriage on SalesBad-DebtsBad-Debts ProvisionFurniture on 1st … Read more

28. From the following balances extracted from the books of Karan and the additional information, prepare the trading and profit and loss account for the year ended 31st March, 2023 and also show the balance sheet as at that date: Debit Balance(Rs. ‘000) Credit Balance(Rs.‘000) Stock on 1st April, 2022Purchases and SalesReturnsCapital AccountDrawingsLand and BuildingsFurniture … Read more

27. Following balances were taken from the books of Shri R. Lal as at 31st March, 2023: Particulars Rs. Particulars Rs. CapitalDrawingPurchasesSalesPurchase ReturnsStock on 1.4.2022Bad DebtsBad Debts Provision on 1.4.2022Rates & Insurance 1,00,00017,60080,0001,40,3702,82011,4601,4003,2401,300 Rent (Cr.)Railway Freight on salesCarriage InwardsOffice ExpensesPrinting & StationeryPostageSundry DebtorsSundry CreditorsCash at Bank 2,10016,9402,3101,34066082062,07018,92012,400 Prepare Trading and Profit & Loss A/c and … Read more

26. Prepare Trading and Profit and Loss Account and Balance Sheet from the following Trial Balance and information as on 31st March, 2023: Name of Account Dr. (Rs.) Cr. (Rs.) Drawings and CapitalPlant and MachineryMotor VehicleReturn Inward and OutwardStock on 1st April, 2022Purchases and SalesCarriage Inward Trade ExpensesBad DebtsProvision for Doubtful DebtsCommissionRent, Rates & TaxesSalaries … Read more