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This post will explain all about the TS Grewal Accountancy Class 11 Chapter 14 solution and this post provides the solutions of each and every question with related images. We hope this Chapter 14 solution will help you in the preparation for your exam. Please find the below questions and answers with solutions.
You will get all the Class 11 Chapter 14 accounts solutions from this post. Question 1. Question 2. Question 3. Question 4. Question 5. Question 6. Question 7. Following balances are taken from the books of Mr. Question 8. Question 9. Question Machine was installed on 1st April, Solution: Note: Wages installation of machinery increases the value of machinery and reduces the value of wages.
Solution: Note: During the year firm has incurred a loss of Rs. Following is the Trial Balance of Mr. Bharat on 31st March, The machine given in exchange was not recorded in the books. Cheque issued for new machine purchased was accounted in the books of account. Plant and Machinery was not debited in the books by the amount paid from firm. Solution: Note: Advance paid by proprietor for Purchased of Plant and Machinery 1st April out of his personal bank account but not recorded in the books.
And also increase in the amount of depreciation by Rs. Following is the Trial Balance as on 31st March, Following is the Trial Balance obtained from the books of Mr. Vishwanath on 31st March, You are required to prepare Mr.
Barua, a temporary employee, stands debited to his personal account and it is to be corrected. From the following Trial Balance of Mr. You are required to prepare Final Accounts after giving effects to the adjustments. The correct Net Profit should be Rs. Purchase of furniture Geography Book Of 10th Class Ncert Network was recorded at the net value of furniture, i.
Final accounts were prepared on 1st July, This amount was written off as bad debt in earlier years. It was used by Mohan for Purchase of stationery used in business. If you have any questions regarding TS Grewal Accountancy Class 11 Solutions Chapter 14 Adjustments in Preparation of Financial Statements, then feel free to drop a Geography Book Of 10th Class Ncert At comment and we will try to provide the solution at the earliest. I am a teacher in a convent school based in New Delhi. You must be logged in to post a comment.
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