Class 11 Accountancy | Financial Statements With Adjustments | Question no. 9

Class 11 Accountancy | Financial Statements With Adjustments | Question no. 9 D. K. Goel Solutions Subscribe our channel Working Notes 1- Calculation of Interest on Loan 5,000 × 12/100 = 600 Interest charged by bank = 450 O/S Interest = 600 - 450 = 150 2- Provision for doubtful debts = Debtors × Rate/100 10,500 × 10/100 = 1,50 3 - Discount on Drs. = S. Drs. - Prov. For d/d = 10,500 - 1,050 × 2/100 = 189 4 - Input IGST = 5,000 - 480 = 4520