[CBSE] Q 3 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)

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Solution of Question number 3 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?

Prepare Trading Account from the transactions given below:

Opening Stock
Purchases
Sales Return
Sales
33,000
29,000
500
25,400
Purchases Return
Closing Stock
Carriage Inwards
Depreciation
2,400
57,700
100
2,000

Also pass the Journal entries

[Gross Profit – ₹ 22,900.]

[Hint: Depreciation is not accounted in the Trading Account.]

Solution:-

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