DK Goel Solutions Chapter 21 Financial Statements

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

Question 1

Prepare a Trading a/c for the year ended 31st March 2017 from the following balances:

Particulars ₹. Particulars ₹.
Opening stock 2,00,000 Purchases Return 60,000
Purchases 10,00,000 Sales Return 1,00,000
Sales 25,00,000 Carriage on Purchase 40,000
Freight 32,500 Carriage on Sales 50,000
Wages 1,50,000 Factory Rent 2,20,000
Factory Lighting 54,000 Office Rent 37,500
Coal, Gas and Water 11,000

Closing stock: ₹. 3,00,000/-

Solution:

Dr. Trading a/c Cr.

Particulars ₹. Particulars ₹.
To Opening Stock 2,00,000 By Sales 25,00,000

(-) Sales Returns 1,00,000

24,00,000
To purchases 10,00,000

(-) Purchase Return 60,000

9,40,000 By Closing Stock 3,00,000
To Freight 32,500
To Wages 1,50,000
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
27,00,000 27,00,000

Also Check: DK Goel Solution for Chapter 22 Financial Statements – With Adjustments

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1 Comment

  1. Its vry. Usefill for childrens

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