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Chapter: 11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I
Illustration Problems with Solution - Accountancy: Final Accounts of Sole Proprietors
Accountancy : Final Accounts of Sole Proprietors - I
Illustration 11
From the following balances of
Niruban, prepare balance sheet as on 31st December, 2017.
Solution
Illustration 12
From the following information,
prepare trading and profit and loss account of Abdul Rahuman for the year
ending 31st December, 2016 and balance sheet as on that date. The closing stock
on 31st December, 2016 was valued at Rs. 2,000.
Solution
Illustration 13
From the following trial balance
of Sharan, prepare trading and profit and loss account for the year ending 31st
December, 2017 and balance sheet as on that date. The closing stock on 31st
December, 2017 was valued at Rs. 2,50,000.
Solution
Tutorial note
Trading account and profit and loss account are prepared together. The
first part is trading account, whereas the second part is profit and loss
account.
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11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I : Illustration Problems with Solution - Accountancy: Final Accounts of Sole Proprietors |
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11th Accountancy : Chapter 12 : Final Accounts of Sole Proprietors - I