[CBSE] Q 3, Q 4 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 3 and 4 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 3. Trading Account of Premier Trading Co. is given below:

Trading Account for the year ended 31st March, 2025

Particulars	₹	Particulars	₹
To Opening Stock	89,680	By Sales 3,56,430 Less: Returns 2,780	3,53,650
To Purchases	2,56,590	By Closing Stock	1,28,960
To Wages	40,970
To Gross Profit c/d (transferred to profit & Loss A/c)	95,370
	4,82,610		4,82,610

Pass Closing Journal entries on the basis of the above Trading Account. Also, transfer the Gross Profit to Profit & Loss Account.

Solution:-

Q. 4. 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:-

Here is the list of all Solutions.

S.N	Solutions
1	Question – 1, 2
2	Question – 3, 4
3	Question – 5, 6
4	Question – 7, 8
5	Question – 9, 10
6	Question – 11, 12
7	Question – 13, 14
8	Question – 15, 16
9	Question – 17, 18
10	Question – 19, 20

S.N	Solutions
11	Question – 21, 22
12	Question – 23, 24
13	Question – 25, 26
14	Question – 27, 28
15	Question – 29, 30