[CBSE] Q 18 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 18 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
From the following balances of Anand, prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023:
| ₹ | ₹ | ||
| Credit Balances: Capital Creditors Sales Bad Debts Recovered Loan Debit Balances: Debtors Salaries Discount Fixtures and Fittings | 4,60,000 1,12,470 7,81,820 1,750 1,20,000 38,850 40,000 10,000 1,61,550 | Debit Balances (Contd): Postage Bad Debts Interest Insurance Machinery Stock (Opening) Purchases Wages Building Selling Expenses | 2,730 2,870 12,950 4,170 1,00,000 99,450 6,20,920 43,000 3,37,800 1,750 |
Value of goods on hand (31st March, 2023) was ₹ 1,43,000.
[Gross Profit – ₹ 1,61,450; Net Profit – ₹ 88,730; Balance Sheet Total – ₹ 7,81,200.]
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 | Questions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
