Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Following is the Trial Balance of Karman on 31st March, 2025: Capital ₹ 8,00,000 Drawings ₹ 60,000 3 viewsAnurag Pathak Answered question 1 minute agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract from a Trial Balance: Machinery ₹ 4,00,000 Furniture ₹ 2,00,000 3 viewsAnurag Pathak Answered question 5 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following balance of asset is taken from the books of Dhruv as on 1st April, 2024: Plant and Machinery – ₹ 12,00,000 3 viewsAnurag Pathak Answered question 8 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Net Profit of a firm is ₹ 1,05,000 before charing commission. Manager of the firm is to be paid commission of 5% on the Net Profit after charing his commission 3 viewsAnurag Pathak Answered question 11 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Give Journal entries for the following adjustments in final accounts: Salaries ₹ 5,000 are outstanding. Insuarnce amounting to ₹ 2,000 is paid in advance 3 viewsAnurag Pathak Answered question 14 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Ramesh valued stock at the end of the year at ₹ 1,00,000. Goods costing ₹ 5,000 were destroyed by fire during the accounting period 3 viewsAnurag Pathak Answered question 29 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025: Purchases ₹ 4,50,000 Sales ₹ 3,75,000 3 viewsAnurag Pathak Answered question 31 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Mohan’s Profit & Loss Account shows net profit of ₹ 1,76,000 before charging commission of manager 4 viewsAnurag Pathak Answered question 33 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Sanjiv’s Trial Balance as on 31st March, 2025 shows the following information: Purchases ₹ 2,80,000 Sales ₹ 3,50,000 4 viewsAnurag Pathak Answered question 35 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 5,15,000 Bad Debts ₹ 12,500 4 viewsAnurag Pathak Answered question 38 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Trial Balance of Manish gives the following information: Debtors ₹ 2,50,000 Bad Debts ₹ 2,500 Discount Allowed ₹ 4,500 4 viewsAnurag Pathak Answered question 42 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of M/s. A & N’s Triall Balance as at 31st March, 2025: Sundry Debtors ₹ 2,05,000 4 viewsAnurag Pathak Answered question 45 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 1,04,000 4 viewsAnurag Pathak Answered question 49 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as on 31st March, 2025: Debtors ₹ 1,20,000 Adjustment: Create a Provision for Doubtful Debts @ 5% on Debtors. 4 viewsAnurag Pathak Answered question 52 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Machinery ₹ 8,00,000 4 viewsAnurag Pathak Answered question 54 minutes agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Interst on Loan ₹ 8,000 4 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Ramesh’s Trial Balance as on 3st March, 2025 given the following information: Investment (rate of interest 10% p.a.) ₹ 5,00,000 4 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans From the following Trial Balance as at 31st March, 2025, show the relevant extract from the Profit & Loss Account and the Balance Sheet: 4 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Commission rs 40,000 7 viewsAnurag Pathak Changed status to publish 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Manish has paid salaries of ₹ 1,50,000 for the year ended 31st March, 2025. Salaries include ₹ 20,000 paid in advance for the year ending 31st March, 2026 4 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans On 1st July, 2024, fire insurance premium of ₹ 72,000 was paid on a policy which will expire on 30th June, 2025. Accounts are closed on 31st March 9 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Ravi’s Trial Balance as on 31st March, 2025 has the following information: Loan (Taken on 1st October, 2024, interest @ 10% p.a.) ₹ 1,00,000 5 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Rahul’s Trial Balance as on 31st March, 2025 has following information: Salaries and Wages ₹ 3,30,000 6 viewsAnurag Pathak Answered question 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Wages ₹ 55,000 Additional Information: Wages Outstanding for 1 month. 9 viewsAnurag Pathak Changed status to publish 1 hour agoFinancial Statement (With Adjustment) 0 Votes 1 Ans Closing Stock as at 31st March, 2025, of ₹ 50,000 appears outside the Trial Balance. Accounts are closed on 31st March 5 viewsAnurag Pathak Answered question 2 hours agoFinancial Statement (With Adjustment) 1 2 … 174 175 Question and answer is powered by anspress.net
