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var aax_size='300x600'; This solution contains questions, answers, images, explanations of the complete chapter 10 titled Financial Statements II of Accountancy taught in Class 11. For a better understanding of this chapter, you should also see summary of Chapter 10 Financial Statements - II , Accountancy, Class 11. The valuation of closing stock is done on the basis of its cost price tre realisable value. This chapter is again a combination of numerical problems, followed by the solutions. The NCERT Solutions to the questions after every unit of NCERT textbooks aimed at helping students solving difficult questions. (ii) ₹ 10,000 spent on constructing platform for a new machine. NCERT Solutions Class 12 Accountancy 2 Chapter 3 Financial Statements Of A Company. Example: It a good with me cost price of Rs 20.000 is purchased at the end of an accounting period and its realisable vaÄJe is Rs 30.0m. Stay in touch. 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NCERT solution of Class 11 Accountancy makes it convenient to understand and implement concepts and terms inclusive in financial accounts. 2. Solution: Question 2. Solution: Question 5. To examine how asset value is measured, let us begin with the way assets are categorized in the balance sheet. Closing Stock on 31st March, 2016 was Rs.21,000. 3. Financial statements include the balance sheet, income statement… Rent of Rs.1,200 has been received in […] Chapter 4 Accounting Ratios. Question 1. In other words. DK Goel Solutions for Class 11 Accountancy Chapter 22 Financial Statements - With Adjustments Creditors 10,800 1,64,000 1,64,000 Adjustment: - 1. Solution: Question 2. Jun 12, 2019 - TS Grewal Accountancy Class 11 Solutions Chapter 14 Adjustments in Preparation of Financial Statements are part of TS Grewal Accountancy Class 11 Solutions. 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