Financial Statement Analysis Final Accounts with Adjustments Q5 TS Grewal Solutions Sunil

Question 5. From the following trial Balance of Sunil, prepare Trading and Profit and Loss Account for the year ended 31st March 2024 Adjustments: (i) Closing Stock 6,40,000. (ii) Wages outstanding 24,000. (iii) Interest rate of Bank Loan is 8% p.a. (vii) Insurance premium is paid per annum, ended 31st May, 2024. Loan from the bank was taken on 1st October, 2023. CBSE ISC FINAL ACCOUNTS 2024-2025 Class 11 and Class 12 TS Grewal Accounts Solutions    / @mananmalik_commerce   =============================================== ✅ In this video, ✔️ Class: 11th ✔️ Subject: Accounts ✔️ Chapter: Financial statements with adjustment ✔️ Topic Name: Balance Sheet 0:00 Introduction 1:00 Adjustments Explained 12:22 Trading Account Gross Profit 824000 15:28 Profit and Loss Account Net Profit 321000 20:30 Balance Sheet 1434000 =============================================== #class11 #cbse #commerce #cbse #tsgrewal2024 #accounts #class11accounts #accountancy #accounting #chapter18#solutions#financialstatements #finalaccounts