Commerce School

Student Community

YOUTUBE CHANNELSubscribe

Telegram Channel

Commerce School

Student Community

Telegram Channel

YOUTUBE CHANNELSubscribe

Category Financial Statements (Without Adjustment)

Financial Statements (Without Adjustment) 46 Questions

0 Votes 1 Ans

Trial Balance of Chatter Sen on 31st March, 2023 revealed the following balances: Machinery 10,00,000 Purchases 5,80,000

3.31K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following balances as on 31st March, 2023, prepare Trading and Profit & Loss Account and Balance Sheet: Capital Account 1,00,000 Plant and Machinery 40,000

3.53K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

The following is the Trial Balance of Atul as at 31st March, 2023: Capital 50,000 Drawings 10,000 Debtors 34,000 Creditors 24,000

4.26K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following balances, prepare Trading and Profit & Loss Account for the year ending 31st March, 2023 and the Balance Sheet as on that date:

3.81K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following balances of Anand, Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023:

3.48K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Following are the balances as on 31st March, 2023 extracted from the books of Dass: Sales 9,20,000 Purchases 6,83,000

3.06K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Prepare Trading and Profit & Loss Account and Balance Sheet of Jagat as at 31st March, 2023 from the following balances:

3.24K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the Balance Sheet given below, calculate: (i) Fixed Assets (ii) Current Assets (iii) Current Liabilities (iv) Working Capital Balance Sheet as at 31st March, 2023

1.95K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, prepare Balance Sheet as at 31st March, 2023 arranging the assets and liabilities – (i) in order of permanence and (ii) in order of liquidity:

2.78K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, prepare Profit & Loss Account for the year ended 31st March, 2023: Gross Profit 1,30,000 Rent 5,000

2.67K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following, prepare Profit & Loss Account of Gurman for the year ended 31st March, 2023: Salaries and Wages 30,000

3.19K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following figures, Calculate Operating Profit: Net Profit ₹ 1,00,000 Gain on Sale of Machine ₹ 15,000

2.03K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, prepare Trading Account for the year ended 31st March, 2023: Adjusted Purchases ₹ 5,50,000; Sales ₹ 6,25,000

1.94K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Following balances are in the Trial Balance of a firm as on 31st March, 2023: Raw Materials 80,000 Finished Goods 1,40,000

2.18K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, prepare Trading Account for the year ended 31st March, 2023: Adjusted purchases ₹ 6,60,000; Sales ₹ 7,44,000

2.74K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, prepare Trading Account for the year ended 31st March, 2023: Stock on 1st April, 2022 40,000 Purchases 4,00,000

2.51K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Ascertain Gross Profit from the following information: Opening Stock 3,00,000 Closing Stock 2,80,000

3.30K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Calculate Closing Stock from the following details: Opening Stock ₹ 20,000 Cash Sales ₹ 60,000

2.49K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

Prepare Trading Account from the transactions given below: Opening Stock 33,000 Purchases 29,000

2.55K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

From the following information, determine Gross Profit for the year ended 31st March, 2023: Opening Stock (1st April, 2021)

3.03K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

0 Votes 1 Ans

State whether the following expenses are capital or revenue in nature: Expenses on whitewhashing and painting of a building purchased to make it ready for use.

2.19K viewsAnurag Pathak Changed status to publish October 12, 2023Financial Statements (Without Adjustment)

« Previous 1 2

Question and answer is powered by anspress.net