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Category Financial Statement (With Adjustment)

Financial Statement (With Adjustment) 72 Questions

0 Votes 1 Ans

The following Trial Balance was extracted from the books of Mr. Gupta as at 31st March, 2023: Stock on 1-4-2022 ₹ 65,000 Purchases ₹ 7,10,000

259 viewsAnurag Pathak Answered question January 4, 2026Financial Statement (With Adjustment)

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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:

260 viewsAnurag Pathak Changed status to publish January 2, 2026Financial Statement (With Adjustment)

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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:

364 viewsAnurag Pathak Changed status to publish January 1, 2026Financial Statement (With Adjustment)

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Prepare a Trading and Profit & Loss account for the year ending March 31, 2023, from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet as at that date.

297 viewsAnurag Pathak Answered question December 30, 2025Financial Statement (With Adjustment)

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Extract of a Trial Balance as at March 31, 2017 is as follows: Sundry Debtors – ₹ 1,02,000 Bad Debts – ₹ 1,400 Provision for Doubtful debts – ₹ 3,400

299 viewsAnurag Pathak Answered question December 30, 2025Financial Statement (With Adjustment)

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From the following figures, prepare the Trading and Profit and Loss Account for the year ended 31st March, 2023 and the Balance Sheet as at that date

313 viewsAnurag Pathak Changed status to publish December 30, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date from the following Trial Balance

266 viewsAnurag Pathak Changed status to publish December 30, 2025Financial Statement (With Adjustment)

0 Votes 1 Ans

From the following Trial Balance extracted from the books of Joseph, prepare Trading and Profit & Loss Account for the year ending 31st March, 2025 and a Balance Sheet as at that date:-

311 viewsAnurag Pathak Answered question December 30, 2025Financial Statement (With Adjustment)

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Following is the Trial Balance of Karman on 31st March, 2025: Capital ₹ 8,00,000 Drawings ₹ 60,000

751 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract from a Trial Balance: Machinery ₹ 4,00,000 Furniture ₹ 2,00,000

539 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following balance of asset is taken from the books of Dhruv as on 1st April, 2024: Plant and Machinery – ₹ 12,00,000

568 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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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

776 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Give Journal entries for the following adjustments in final accounts: Salaries ₹ 5,000 are outstanding. Insuarnce amounting to ₹ 2,000 is paid in advance

796 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

583 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following extract is taken from the Trial Balance of Kabir as on 31st March, 2025: Purchases ₹ 4,50,000 Sales ₹ 3,75,000

595 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

534 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Sanjiv’s Trial Balance as on 31st March, 2025 shows the following information: Purchases ₹ 2,80,000 Sales ₹ 3,50,000

546 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 5,15,000 Bad Debts ₹ 12,500

585 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

824 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract of M/s. A & N’s Triall Balance as at 31st March, 2025: Sundry Debtors ₹ 2,05,000

584 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract of Trial Balance as at 31st March, 2025: Debtors ₹ 1,04,000

636 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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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.

562 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract of Trial Balance as at 31st March, 2025: Machinery ₹ 8,00,000

577 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Following is the extract of Trial Balance as at 31st March, 2025: Interst on Loan ₹ 8,000

574 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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Ramesh’s Trial Balance as on 3st March, 2025 given the following information: Investment (rate of interest 10% p.a.) ₹ 5,00,000

562 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment)

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