[CBSE] Q 23 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2023-24)
Solution of Question number 23 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2023-24?
Following Trial Balance is extracted from the books of a merchant on 31st March, 2023:
| ₹ | ₹ | ||
| Debit Balances: Furniture Motor Vehicles Building Bad Debts Sundry Debtors Stock on 1st April, 2022 Purchases Sales Return Advertising Interest Cash in Hand | 6,400 62,500 75,900 1,250 48,000 34,600 55,750 2,000 4,500 1,180 6,500 | Debit Balances (Contd.): Insurance General Charges Salaries Credit Balances: Capital Sundry Creditors Sales Bank Overdraft Purchase Return Commission | 12,500 7,820 33,000 1,28,900 37,000 1,54,500 28,500 1,250 1,750 |
Stock in Hand on 31st March, 2023 was valued at ₹ 32,500.
From the above, prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:
[Gross Profit – ₹ 95,900; Net Profit – ₹ 37,400; Balance Sheet Total – ₹ 2,31,800.]
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 |
