CBSE · Class 11 · Accountancy
Financial Statements
Chapter 3.1Financial Statements of Sole ProprietorshipCBSE / NCERT · Secondary & Senior Secondary
Topics
Statements
- Capital and revenue receipts and expenditure
- Deferred revenue expenditure
- Opening journal entry
- Trading and profit and loss account
- Balance sheet grouping and marshalling
Adjustments
- Closing stock, outstanding and prepaid items
- Accrued and advance income
- Depreciation, bad debts and provisions
- Abnormal loss, goods withdrawn, interest on capital and manager’s commission
Learning objectives
- Prepare a sole proprietor’s financial statements with given adjustments.
Labs for this chapter are on the way
We are building worlds, labs and stories for Financial Statements. Meanwhile, practise its questions or explore the rest of Commerce.
