14. From the Balance Sheet given below, calculate: (i) Fixed Assets (ii) Current Assets (iii) Current Liabilities (iv) Working Capital Liabilities ₹ Assets ₹ Trade Creditors 42,000 Stock in Hand 48,000 Expenses Accrued 3,200 Debtors 36,000 Bank Overdraft 4,800 Prepaid Expenses 400 Long-Term Loan 20,000 Goodwill 20,000 Interest on Loan 1,000 Land 20,000 Capital 93,400 … Read more
13. From the following information, prepare Balance Sheet as at 31st March, 2024 arranging the assets and liabilities (i) in order of permanence, and (ii) in order of liquidity: ₹ ₹ Bank 20,000 Bank 20,000 Goodwill 1,80,000 Sundry Creditors 63,000 Capital 1,200 Furniture 13,000 Liabilities for Expenses 1,000 Plant and Machinery 40,000 Cash in Hand … Read more
12. From the following particulars, prepare Balance Sheet as at 31st March, 2024: Dr. (₹) Cr. (₹) Capital 5,00,000 Drawings 44,000 Debtors 64,000 Creditors 42,000 Cash in Hand 3,600 Cash at Bank 72,000 Plant 1,00,000 Furniture 37,000 Net Profit 16,600 General Reserve 10,000 Closing Stock 2,48,000 Total 5,68,600 5,68,600 T.S.Grewal/2024 Edition/Practical Problems/Q-12 For full … Read more
11. From the following information, prepare Profit & LOSs Account for the year ended 31st March, 2024: ₹ ₹ Gross Profit 1,30,000 Discount Received 6,000 Rent 5,000 Printing and Stationery 14,000 Salary 35,000 Legal Charges 10,000 Commission Paid 19,000 Office Expenses 2,000 Interest on Loan 5,000 Loss by Fire 6,000 Advertisement 8,000 Depreciation 4,000 Interest … Read more
10. From the following information, prepare Profit & Loss Account of Gurman for the year ended 31st March, 2024: ₹ ₹ Salaries and Wages 30,000 Advertising 10,000 Commission Paid 2,000 Discount Allowed 18,000 Postage and Courier 1,500 Rent Received 17,000 Insurance 3,000 Interest on Investment 15,000 Interest Paid 4,000 Bad Debts 9,000 Carriage Outwards 5,000 … Read more
9. From the following information, calculate Operating Profit: ₹ ₹ Net Profit 1,00,000 Rent Received 10,000 Gain on Sale of Machine 15,000 Interest on Loans 20,000 Donation 2,000 (Delhi) T.S.Grewal/2024 Edition/Practical Problems/Q-09 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by … Read more
8. Following balances are in the Trial Balance of a firm as on 31st March, 2024: ₹ ₹ Net Profit 1,00,000 Rent Received 10,000 Gain on Sale of Machine 15,000 Interest on Loans 20,000 Donation 2,000 (Delhi) T.S.Grewal/2024 Edition/Practical Problems/Q-09 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial … Read more
7. From the following information, prepare Trading Account for the year ended 31st March, 2024: Adjusted Purchases ₹6,60,000; Sales ₹7,44,000; Closing Stock ₹50,400; Freight and Carriage Inwards ₹3,600; Wages ₹6,000; Freight and Cartage Outwards ₹2,000. T.S.Grewal/2024 Edition/Practical Problems/Q-07 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook … Read more
6. Profit from the following ₹ ₹ Stock on 1st April, 2023 40,000 Returns Outward 80,000 Purchases 4,00,000 Wages and Salaries 50,000 Sales 3,80,000 Returns Inward 20,000 Carriage Inwards 20,000 Stock on 31st March, 2024 1,30,000 Net Realisable Value (Market Value) of stock as on 31st March, 2024 was 1,20,000) T.S.Grewal/2024 Edition/Practical Problems/Q-06 For … Read more
5. Ascertain Gross Profit from the following information: ₹ ₹ Opening Stock 3,00,000 Carriage on Sales 30,000 Closing Stock 2,80,000 Office Rent 58,000 Purchases 8,50,000 Sales 14,07,000 Carriage on Purchases 23,000 T.S.Grewal/2024 Edition/Practical Problems/Q-05 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI … Read more