[CBSE] Q 20 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 20 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2022-23?
The folllowing is the Trial Balance of Atul as at 31st March, 2022:
| Head of Accounts | L.F. | Dr. (₹) | Cr. (₹) |
| Capital Drawings Debtors Creditors Adjusted Purchases Sales Sales Return Bank Loan Interest on Loan Cash in Hand Cash In Hand Cast at Bank Miscellaneous Income Wages Furniture Carriage Outwards Carriage Inwards Salaries Rent Bad Debts Discount Allowed Discount Received Bills Receivable Bills Payable Insurance Commission Closing Stock | – 10,000 24,000 – 75,700 – 1,500 – 300 3,000 7,500 – 6,000 33,900 4,500 5,000 12,000 18,000 600 5,000 – 10,000 – 2,000 – 15,000 | 50,000 – – 16,000 – 1,31,000 – 10,000 – – – 1,000 – – – – – – – – 2,600 – 8,000 – 15,400 – | |
| Total | 2,34,000 | 2,34,000 |
Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2022 and Balance Sheet as on that date.
[Gross Profit – ₹ 42,800; Net Profit – ₹ 19,400; Balance Sheet Total – ₹ 93,400.]
[Hint: As Closing Stock is given in the Trial Balance, it will be shown only in the Balance Sheeet as an asset.]
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 |
