DK Goel Accountancy Class 11 Solutions Chapter 21 Financial Statements which is outlined by expert Accountancy teachers from the latest version of DK Goel Class 11 Accountancy books. We at BYJU’S provide DK Goel Solutions to assist students to comprehend all the theories in particular. There are numerous concepts in Accountancy, but the concepts of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required.
DK Goel Accountancy Class 11 Solutions – Chapter 21
Prepare a Trading a/c for the year ended 31st March 2017 from the following balances:
|Opening stock||2,00,000||Purchases Return||60,000|
|Sales||25,00,000||Carriage on Purchase||40,000|
|Freight||32,500||Carriage on Sales||50,000|
|Factory Lighting||54,000||Office Rent||37,500|
|Coal, Gas and Water||11,000|
Closing stock: ₹. 3,00,000/-
Dr. Trading a/c Cr.
|To Opening Stock||2,00,000||By Sales 25,00,000
(-) Sales Returns 1,00,000
|To purchases 10,00,000
(-) Purchase Return 60,000
|9,40,000||By Closing Stock||3,00,000|
|To Factory Lighting||54,000|
|To Coal, Gas and Water||11,000|
|To Carriage on Purchase||40,000|
|To Factory Rent||2,20,000|
|To Gross profit transferred to P & L a/c||10,52,500|
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