{"id":5287,"date":"2024-01-04T17:59:43","date_gmt":"2024-01-04T12:29:43","guid":{"rendered":"https:\/\/tsboardsolutions.in\/?p=5287"},"modified":"2024-01-06T09:55:34","modified_gmt":"2024-01-06T04:25:34","slug":"ts-inter-1st-year-accountancy-notes-chapter-9","status":"publish","type":"post","link":"https:\/\/tsboardsolutions.in\/ts-inter-1st-year-accountancy-notes-chapter-9\/","title":{"rendered":"TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns"},"content":{"rendered":"<p>Here students can locate\u00a0<a href=\"https:\/\/tsboardsolutions.in\/ts-inter-1st-year-accountancy-notes\/\">TS Inter 1st Year Accountancy Notes<\/a> Chapter 9 Final Accounts of Sole Trading Concerns to prepare for their exam.<\/p>\n<h2>TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns<\/h2>\n<p>\u2192 To know the business results and financial position at the end of the period, the business prepares various statements which are called as final accounts.<\/p>\n<p>\u2192 Final accounts consist of two accounts and a balance sheet. The two accounts are<\/p>\n<ol>\n<li>Trading account<\/li>\n<li>Profit and Loss account<\/li>\n<\/ol>\n<p>\u2192 The expenses and incomes are three types :<\/p>\n<ol>\n<li>Capital nature<\/li>\n<li>Revenue nature<\/li>\n<li>Deferred nature.<\/li>\n<\/ol>\n<p>Revenue expenses and income appear in either trading account of profit and loss a\/c. The capital nature appears in the balance sheet. The revenue part of the deferred part appears in Trading and Profit and Loss a\/c, where he as the capital part of deferred nature expenditure and incomes appear in the Balance Sheet.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/tsboardsolutions.in\/wp-content\/uploads\/2022\/12\/TS-Board-Solutions.png\" alt=\"TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns\" width=\"161\" height=\"15\" \/><\/p>\n<p>\u2192 Trading account reveals either gross profit or gross loss. This is transferred to the profit and loss account.<\/p>\n<p>\u2192 Profit and loss account reveals either net profit or a net loss.<\/p>\n<p>\u2192 Balance Sheet is divided into two sides namely the assets side and the liabilities side. Assets are current assets, fixed assets, closing stock etc.<\/p>\n<p>\u2192 Liabilities are creditors, bank loans, bills payable, and net capital.<\/p>\n<h3>TS Inter 1st Year Accountancy Notes Chapter 9 \u0c38\u0c4a\u0c02\u0c24\u0c35\u0c4d\u0c2f\u0c3e\u0c2a\u0c3e\u0c30 \u0c38\u0c02\u0c38\u0c4d\u0c25\u0c32 \u0c2e\u0c41\u0c17\u0c3f\u0c02\u0c2a\u0c41 \u0c32\u0c46\u0c15\u0c4d\u0c15\u0c32\u0c41<\/h3>\n<p>\u2192 \u0c38\u0c02\u0c35\u0c24\u0c4d\u0c38\u0c30\u0c3e\u0c02\u0c24\u0c3e\u0c28\u0c3f\u0c15\u0c3f \u0c35\u0c4d\u0c2f\u0c3e\u0c2a\u0c3e\u0c30 \u0c38\u0c02\u0c38\u0c4d\u0c25 \u0c2b\u0c32\u0c3f\u0c24\u0c3e\u0c32\u0c41, \u0c06\u0c30\u0c4d\u0c25\u0c3f\u0c15 \u0c2a\u0c30\u0c3f\u0c38\u0c4d\u0c25\u0c3f\u0c24\u0c3f\u0c28\u0c3f \u0c24\u0c46\u0c32\u0c41\u0c38\u0c41\u0c15\u0c4b\u0c35\u0c21\u0c3e\u0c28\u0c3f\u0c15\u0c3f \u0c24\u0c2f\u0c3e\u0c30\u0c41\u0c1a\u0c47\u0c38\u0c47 \u0c28\u0c3f\u0c35\u0c47\u0c26\u0c3f\u0c15\u0c32\u0c28\u0c41 \u0c2e\u0c41\u0c17\u0c3f\u0c02\u0c2a\u0c41 \u0c32\u0c46\u0c15\u0c4d\u0c15\u0c32\u0c41 \u0c05\u0c02\u0c1f\u0c3e\u0c30\u0c41.<\/p>\n<p>\u2192 \u0c2e\u0c41\u0c17\u0c3f\u0c02\u0c2a\u0c41 \u0c32\u0c46\u0c15\u0c4d\u0c15\u0c32\u0c41 \u0c30\u0c46\u0c02\u0c21\u0c41 \u0c16\u0c3e\u0c24\u0c3e\u0c32\u0c41 \u0c2e\u0c30\u0c3f\u0c2f\u0c41 \u0c06\u0c38\u0c4d\u0c24\u0c3f &#8211; \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32 \u0c2a\u0c1f\u0c4d\u0c1f\u0c40 \u0c38\u0c2e\u0c42\u0c39\u0c2e\u0c41. \u0c06 \u0c30\u0c46\u0c02\u0c21\u0c41 \u0c16\u0c3e\u0c24\u0c3e\u0c32\u0c41<\/p>\n<ol>\n<li>\u0c35\u0c30\u0c4d\u0c24\u0c15\u0c2a\u0c41 \u0c16\u0c3e\u0c24\u0c3e<\/li>\n<li>\u0c32\u0c3e\u0c2d\u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c32 \u0c16\u0c3e\u0c24\u0c3e<\/li>\n<\/ol>\n<p>\u2192 \u0c35\u0c4d\u0c2f\u0c2f\u0c3e\u0c32\u0c28\u0c41, \u0c06\u0c26\u0c3e\u0c2f\u0c3e\u0c32\u0c28\u0c41 \u0c2e\u0c42\u0c21\u0c41 \u0c30\u0c15\u0c3e\u0c32\u0c41\u0c17\u0c3e \u0c35\u0c3f\u0c2d\u0c1c\u0c3f\u0c02\u0c1a\u0c35\u0c1a\u0c4d\u0c1a\u0c41\u0c28\u0c41.<\/p>\n<ol>\n<li>\u0c2e\u0c42\u0c32\u0c27\u0c28 \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32\u0c35\u0c3f<\/li>\n<li>\u0c30\u0c3e\u0c2c\u0c21\u0c3f \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32\u0c35\u0c3f<\/li>\n<li>\u0c35\u0c3f\u0c32\u0c02\u0c2c\u0c3f\u0c24 \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32\u0c35\u0c3f<\/li>\n<\/ol>\n<p>\u0c30\u0c3e\u0c2c\u0c21\u0c3f \u0c35\u0c4d\u0c2f\u0c2f\u0c3e\u0c32\u0c41, \u0c06\u0c26\u0c3e\u0c2f\u0c3e\u0c32\u0c41, \u0c35\u0c30\u0c4d\u0c24\u0c15\u0c2a\u0c41 \u0c32\u0c3e\u0c2d\u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c32 \u0c16\u0c3e\u0c24\u0c3e\u0c32\u0c32\u0c4b\u0c28\u0c41, \u0c2e\u0c42\u0c32\u0c27\u0c28 \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32\u0c35\u0c3f, \u0c06\u0c38\u0c4d\u0c24\u0c3f \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32 \u0c2a\u0c1f\u0c4d\u0c1f\u0c40\u0c32\u0c4b \u0c1a\u0c42\u0c2a\u0c3e\u0c32\u0c3f. \u0c35\u0c3f\u0c32\u0c02\u0c2c\u0c3f\u0c24 \u0c05\u0c02\u0c36\u0c3e\u0c32\u0c41 \u0c30\u0c3e\u0c2c\u0c21\u0c3f \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32\u0c35\u0c3f, \u0c35\u0c30\u0c4d\u0c24\u0c15 \u0c32\u0c3e\u0c2d\u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c32 \u0c16\u0c3e\u0c24\u0c3e\u0c15\u0c41, \u0c2e\u0c42\u0c32\u0c27\u0c28 \u0c38\u0c4d\u0c35\u0c2d\u0c3e\u0c35\u0c2e\u0c41 \u0c17\u0c32 \u0c26\u0c3e\u0c28\u0c3f\u0c28\u0c3f \u0c06\u0c38\u0c4d\u0c24\u0c3f &#8211; \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32 \u0c2a\u0c1f\u0c4d\u0c1f\u0c40\u0c32\u0c4b\u0c28\u0c41 \u0c28\u0c2e\u0c4b\u0c26\u0c41 \u0c1a\u0c47\u0c2f\u0c3e\u0c32\u0c3f.<\/p>\n<p>\u2192 \u0c35\u0c30\u0c4d\u0c24\u0c15\u0c2a\u0c41 \u0c16\u0c3e\u0c24\u0c3e \u0c38\u0c4d\u0c25\u0c42\u0c32 \u0c32\u0c3e\u0c2d\u0c3e\u0c28\u0c4d\u0c28\u0c3f \u0c32\u0c47\u0c26\u0c3e \u0c38\u0c4d\u0c25\u0c42\u0c32 \u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c28\u0c4d\u0c28\u0c3f \u0c38\u0c42\u0c1a\u0c3f\u0c38\u0c4d\u0c24\u0c41\u0c02\u0c26\u0c3f. \u0c26\u0c40\u0c28\u0c3f\u0c28\u0c3f \u0c32\u0c3e\u0c2d\u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c32 \u0c16\u0c3e\u0c24\u0c3e\u0c15\u0c41 \u0c2e\u0c33\u0c4d\u0c33\u0c3f\u0c02\u0c1a\u0c3e\u0c32\u0c3f.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/tsboardsolutions.in\/wp-content\/uploads\/2022\/12\/TS-Board-Solutions.png\" alt=\"TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns\" width=\"161\" height=\"15\" \/><\/p>\n<p>\u2192 \u0c32\u0c3e\u0c2d\u0c28\u0c37\u0c4d\u0c1f\u0c3e\u0c32 \u0c16\u0c3e\u0c24\u0c3e \u0c28\u0c3f\u0c15\u0c30 \u0c32\u0c3e\u0c2d\u0c2e\u0c41 \u0c32\u0c47\u0c26\u0c3e \u0c28\u0c3f\u0c15\u0c30 \u0c28\u0c37\u0c4d\u0c1f\u0c2e\u0c41\u0c28\u0c41 \u0c24\u0c46\u0c32\u0c41\u0c2a\u0c41\u0c24\u0c41\u0c02\u0c26\u0c3f.<\/p>\n<p>\u2192 \u0c06\u0c38\u0c4d\u0c24\u0c3f &#8211; \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32 \u0c2a\u0c1f\u0c4d\u0c1f\u0c40\u0c28\u0c3f \u0c30\u0c46\u0c02\u0c21\u0c41 \u0c2d\u0c3e\u0c17\u0c3e\u0c32\u0c41\u0c17\u0c3e \u0c35\u0c3f\u0c2d\u0c1c\u0c28 \u0c1a\u0c47\u0c38\u0c3f \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32\u0c28\u0c41 \u0c0e\u0c21\u0c2e\u0c35\u0c48\u0c2a\u0c41, \u0c06\u0c38\u0c4d\u0c24\u0c41\u0c32\u0c28\u0c41 \u0c15\u0c41\u0c21\u0c3f\u0c35\u0c48\u0c2a\u0c41 \u0c1a\u0c42\u0c2a\u0c3e\u0c32\u0c3f. \u0c06\u0c38\u0c4d\u0c24\u0c41\u0c32\u0c41, \u0c1a\u0c30\u0c3e\u0c38\u0c4d\u0c24\u0c41\u0c32\u0c41, \u0c38\u0c4d\u0c25\u0c3f\u0c30\u0c3e\u0c38\u0c4d\u0c24\u0c41\u0c32\u0c41, \u0c2e\u0c41\u0c17\u0c3f\u0c02\u0c2a\u0c41 \u0c38\u0c30\u0c41\u0c15\u0c41 \u0c2e\u0c4a||\u0c28\u0c35\u0c3f. \u0c05\u0c2a\u0c4d\u0c2a\u0c41\u0c32\u0c41, \u0c0b\u0c23\u0c26\u0c3e\u0c24\u0c32\u0c41, \u0c2c\u0c3e\u0c02\u0c15\u0c41 \u0c05\u0c2a\u0c4d\u0c2a\u0c41, \u0c1a\u0c46\u0c32\u0c4d\u0c32\u0c3f\u0c02\u0c2a\u0c41 \u0c2c\u0c3f\u0c32\u0c4d\u0c32\u0c41\u0c32\u0c41 \u0c2e\u0c4a||\u0c28\u0c35\u0c3f.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here students can locate\u00a0TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns to prepare for their exam. TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns \u2192 To know the business results and financial position at the end of the period, the business prepares various &#8230; <a title=\"TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns\" class=\"read-more\" href=\"https:\/\/tsboardsolutions.in\/ts-inter-1st-year-accountancy-notes-chapter-9\/\" aria-label=\"More on TS Inter 1st Year Accountancy Notes Chapter 9 Final Accounts of Sole Trading Concerns\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/posts\/5287"}],"collection":[{"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/comments?post=5287"}],"version-history":[{"count":1,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/posts\/5287\/revisions"}],"predecessor-version":[{"id":5288,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/posts\/5287\/revisions\/5288"}],"wp:attachment":[{"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/media?parent=5287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/categories?post=5287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tsboardsolutions.in\/wp-json\/wp\/v2\/tags?post=5287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}