[CBSE] Q 13, Q 14 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 13 and 14 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 13. Calculate Net Sales and Gross Profit from the following information:

Cost of Goods Sold : ₹ 2,50,000, Gross Profit 20% on Sales.

[Ans.: Net Sales – ₹ 3,12,500; Gross Profit – ₹ 62,500.]

Solution:-

Q. 14. From the following information, prepare Trading Account for the year ended 31st March, 2025:

	₹
Cost of goods sold	11,75,000
Opening Stock	1,25,000
Wages	17,500
Closing Stock	1,00,000
Sales	16,25,000

[Ans.: Gross Profit – ₹ 4,50,000.]

[Hint: Opening Stock, Wages and Closing Stock will not be shown in Trading Account as they are included in Cost of Goods Sold.]

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