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Category Financial Statement (With Adjustment)

Financial Statement (With Adjustment) 69 Questions

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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.

9 viewsAnurag Pathak Answered question 3 hours agoFinancial 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

14 viewsAnurag Pathak Answered question 4 hours agoFinancial 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

17 viewsAnurag Pathak Changed status to publish 4 hours agoFinancial Statement (With Adjustment)

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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

28 viewsAnurag Pathak Changed status to publish 6 hours agoFinancial Statement (With Adjustment)

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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:-

22 viewsAnurag Pathak Answered question 6 hours agoFinancial 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

483 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

371 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

383 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

512 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

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

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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

391 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

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

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Mohan’s Profit & Loss Account shows net profit of ₹ 1,76,000 before charging commission of manager

376 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

368 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

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

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Trial Balance of Manish gives the following information: Debtors ₹ 2,50,000 Bad Debts ₹ 2,500 Discount Allowed ₹ 4,500

530 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

392 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

427 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.

386 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

379 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

375 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

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

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From the following Trial Balance as at 31st March, 2025, show the relevant extract from the Profit & Loss Account and the Balance Sheet:

408 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: Commission rs 40,000

357 viewsAnurag Pathak Changed status to publish November 28, 2025Financial Statement (With Adjustment)

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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

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

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