Financial Statement Problems and Solutions

Contents

Problem # 1:

Prepare Adjustment Entries, Adjusted Trial Balance and three Informal Financial Statements excluding cash flow statement.

Adjustments

Solution # 3 Three Financial Statements (Informal)

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

Sehgal, A., & Sehgal, D. (n.d.). Advanced Accountancy (Vol. I & II). New Delhi: Taxmann Publication Pvt. Ltd.

Shukla, M. C., Grewal, T. S., & Gupta, S. C. (2008). Advanced Accountancy (Vol. I & II). New Delhi: S Chand & Co.

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Accounting Principles (10th ed.). Hoboken: John Wiley & Sons, Inc.

Williams, M., & Bettner, H. (1999). Accounting (The basic for business decisions). (11th, Ed.) USA: Irwin McGraw- Hill.

sana ullah on October 16, 2021 at 5:23 am

some time we see Acc.dep. marcahniry add in capital
and some time deprication machainery is less in Assets side??????????????????????????????????????????
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Yaurun on March 10, 2019 at 12:20 pm

Aren’t COGS = Opening inventory + New Purchase – Closing inventory?
Why the opening inventory is not included in the income statement?
Reply
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