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generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 13

sheet is shown below :

Chapter 10: Financial Statements - II · ACCOUNTANCY · EN medium

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Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding wages , Gross profit c/d , , , , , Salaries , Gross profit b/d , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , commission Depreciation – Furniture Bad Debts , Add Further bad debts , , Net profit (transferred to , Ankit’s capital account) , , Balance Sheet of Ankit as at March , Liabilities Assets Owners Funds

📖 Accounts 10 (1) · Page 13

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Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding wages , Gross profit c/d , , , , , Salaries , Gross profit b/d , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , commission Depreciation – Furniture Bad Debts , Add Further bad debts , , Net profit (transferred to , Ankit’s capital account) , , Balance Sheet of Ankit as at March , Liabilities Assets Owners Funds

Related topics

n chapter 9, you learnt about the preparation of→accounts will not reflect the true and fair view of the→Let us take another example. The salaries for the month of March, 2014→in figure 10.1→and loss account of Ankit for the year ended March 31, 2014 and his balance→opening and closing stocks are adjusted through purchases, the trial→

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