[CBSE] Q 17, Q 18 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)
Solution of Question number 17 and 18 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?
Q. 17. From the following figures, calculate Operating Profit:
| Net Profit | 1,00,000 |
| Gain on Sale of Machine | 15,000 |
| Donation | 2,000 |
| Rent Received | 10,000 |
| Interest on Loans | 20,000 |
[Operating Profit – ₹ 97,000.]
Solution:-
Q. 18. From the following information, prepare Profit & Loss Account showing Operating Profit separately in the account itself of Manoj Traders for the year ending on 31st March, 2025:
| ₹ | ₹ | ||
| Gross Profit | 6,00,000 | Gain (Profit) on Sale of Machinery | 5,000 |
| Salaries & Wages | 1,10,000 | Commission Allowed | 5,000 |
| Wages and Salaries | 10,000 | Commission Received | 17,000 |
| Carriage Inward | 2,000 | Interest on Loan | 3,000 |
| Carriage Outward | 5,000 | Interest Received | 4,000 |
| Freight Inward | 4,000 | Rent Paid | 5,000 |
| Freight Outwards | 5,000 | Rent Received | 5,000 |
| Discount Allowed | 1,000 | Brogerage Allowed | 3,000 |
| Discount Received | 2,000 | Loss on Sale of Furniture | 7,000 |
| Dividend Received | 3,000 |
[Ans.: Operating Profit – ₹ 4,85,000 and Net Profit – ₹ 4,92,000.]
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 |
