Financial Statements - II
Chapter 10: Financial Statements - II · ACCOUNTANCY · EN medium
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Redraft the Trial Balance (Correct total of Trial Balance Rs. , , ) Prepare final accounts for the year ended March , after giving effect to the following adjustments: (a) Taxes are paid for months only. (b) Creditors worth Rs. have accepted Bills Payables. c) Depreciate furniture by %. (d) Trucks were depreciated to the extent of Rs. , . (e) Wages includes Rs. , for the making of Furniture. (g) Provide for Manager’s Commission at % on the Net Profit before charging such commission. (h) Land was acquired on 1st April, by paying a claim at % less than market value to the farmers.
📖 Accounts 10 (1) · Page 50
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Redraft the Trial Balance (Correct total of Trial Balance Rs. , , ) Prepare final accounts for the year ended March , after giving effect to the following adjustments: (a) Taxes are paid for months only. (b) Creditors worth Rs. have accepted Bills Payables.
c) Depreciate furniture by %. (d) Trucks were depreciated to the extent of Rs. , . (e) Wages includes Rs.
, for the making of Furniture. (g) Provide for Manager’s Commission at % on the Net Profit before charging such commission. (h) Land was acquired on 1st April, by paying a claim at % less than market value to the farmers. Name the accounting principles which will be followed while treating the State which moral value has been violated in the adjustment (h) above by
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