[CBSE] Q 5, Q 6 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)

Solution of Question number 5 and 6 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?

Q. 5. From the following information, prepare Trading Account for the year ended 31st March, 2025:

Stock on 1st April, 2022 Purchases Sales Carriage Inwards

40,000 4,00,000 3,80,000 20,000

Returns Outward Wages and Salaries Returns Inward Stock on 31st March, 2023

80,000 50,000 20,000 1,30,000

Net Realisable Value (Market Value) of Stock as on 31st March, 2023 was ₹ 1,20,000.

[Gross Profit – ₹ 50,000.]

Solution:-

Q. 6. From the following information, prepare Trading Account for the year ended 31st March, 2025:

Adjusted purchases ₹ 6,60,000; Sales ₹ 7,44,000; Closing Stock ₹ 50,400; Freight and Carriage Inwards ₹ 3,600; Wages ₹ 6,000; Freight and Cartage Outwards ₹ 2,000.

[Gross Profit – ₹ 74,400.]

[Hints: 1. Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock.

2. Closing Stock is not shown on the credit side of the Trading Account because it is already adjusted while calculating the adjusted purchases.

3. Freight and Cartage Outwards are indirect expenses and hence are not debited to 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