[CBSE] Q 2 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 2 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?
From the following information, determine Gross Profit for the year ended 31st March, 2022:
| Opening Stock (1st April, 2021) Freight and Packing Sales | 25,000 10,000 1,90,000 | Goods purchased during the year Closing Stock (31st March, 2022) Packing Expenses on Sales | 1,40,000 30,000 6,000 |
[Gross Profit – ₹ 45,000.]
[Hint: ‘Packing Expenses on Sales’ are indirect expenses, therefore, they arer not part of Cost of Goods Sold.]
Solution:-
Here is the list of all Solutions.
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
