From the following Trial Balance of Geeta, you are required to prepare: Trading and Profit and Loss Account for the year ended on 31st March, 2019, and Balance Sheet as at that date
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From the following Trial Balance extracted from the books of Sh. Pawan Kumar, prepare a Trading Account, Profit & Loss Account for the year ended 31st March, 2024 and a Balance Sheet a at that date:
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From the following Trial Balance of Mr. Alok, prepare Trading and Profit & Loss Account for the year ending 31st March, 2024, and a Balance Sheet as at that date:
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Prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2023 from the following Balances of Mr. Sardari Lal:
Solution:- Hints:- (1) Creditors Trade and Creditors Expenses, both will be shown on the Liabilities side. (2) Insurance is prepaid for the two months of April and May. As such, the Prepaid Insurance will be ₹ 1,200 x 2/12…
On 31st March, 2023 the following Trial Balance Was extracted from the books of Sh. Ghanshyam Das
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From the following Trial Balance, extracted from the books of Raga Ltd., prepare a Trading and Profit and Loss Account for the year ended 31st March, 2023 and a Balance Sheet as at that date:
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Following is the Trial Balance of Mr. Gautam as at 31st March, 2023: Goodwill ₹ 30,000 Land & Buildings ₹ 60,000
Solution:- Hints: (1) Rent shown in the Trial Balance is for 3 quarters or for 9 months. As such Rent Outstanding for the remaining 3 months will be 2,700/9 x 3 = ₹ 900. (2) First, provision for Doubtful…
Give journal entries for the following adjustments in final accounts assuming CGST and SGST @ 9% each: Closing Stock ₹ 80,000 (Market Value ₹ 1,00,000).
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Give Journal Entries for the following adjustments in final accounts: Extract of Trial Balance as on 31st March, 2023
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Give Journal entries for the following adjustments in final accounts: Salaries ₹ 5,000 are outstanding
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