Ask question Search Order By: ActiveCategoryClear Filter 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 322 viewsAnurag Pathak Answered question November 28, 2025Financial 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 277 viewsAnurag Pathak Answered question November 28, 2025Financial 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 ₹ 3,75,000 275 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Mohan’s Profit & Loss Account shows net profit of ₹ 1,76,000 before charging commission of manager 267 viewsAnurag Pathak Answered question November 28, 2025Financial 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 ₹ 3,50,000 250 viewsAnurag Pathak Answered question November 28, 2025Financial 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 ₹ 12,500 259 viewsAnurag Pathak Answered question November 28, 2025Financial 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 ₹ 4,500 356 viewsAnurag Pathak Answered question November 28, 2025Financial 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 ₹ 2,05,000 269 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 1,04,000 296 viewsAnurag Pathak Answered question November 28, 2025Financial 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. 268 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Machinery ₹ 8,00,000 268 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Interst on Loan ₹ 8,000 258 viewsAnurag Pathak Answered question November 28, 2025Financial 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.) ₹ 5,00,000 267 viewsAnurag Pathak Answered question November 28, 2025Financial 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: 298 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Commission rs 40,000 252 viewsAnurag Pathak Changed status to publish November 28, 2025Financial 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 234 viewsAnurag Pathak Answered question November 28, 2025Financial 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 233 viewsAnurag Pathak Answered question November 28, 2025Financial 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.) ₹ 1,00,000 226 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Rahul’s Trial Balance as on 31st March, 2025 has following information: Salaries and Wages ₹ 3,30,000 229 viewsAnurag Pathak Answered question November 28, 2025Financial 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. 266 viewsAnurag Pathak Changed status to publish November 28, 2025Financial 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 247 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans A Ltd. purchased the following machines On 1st April, 2020 ₹ 40,000 On 1st October, 2020 ₹ 20,000 On 1st January, 2021 ₹ 10,000 4.29K viewsAnurag Pathak Changed status to publish November 15, 2025Depreciation 0 Votes 1 Ans The following balances exist in the books of X Ltd. Machinery Account 5,00,000 Provision for Depreciation Account 2,25,000 4.52K viewsAnurag Pathak Changed status to publish November 15, 2025Depreciation 0 Votes 1 Ans X and Y were partners in the profit-sharing ratio of 3 : 2. Their balance sheet as at March 31, 2022 was as follows: 1.67K viewsAnurag Pathak Changed status to publish July 27, 2025DK Goel Admission of a Partner 0 Votes 1 Ans On 31st March 2023, the Balance Sheet of Zoya and Zara who were sharing profits and losses in the ratio of 3 : 2 was as follows: 1.67K viewsAnurag Pathak Answered question July 27, 2025DK Goel Admission of a Partner « Previous 1 2 3 4 5 … 176 177 Next » Question and answer is powered by anspress.net
