[CBSE] Q 25, Q 26 Solutions Financial Statements of Sole Proprietorship TS Grewal Class 11 (2025-26)
Solution of Question number 25 and 26 of the Financial Statements of Sole Proprietorship of TS Grewal Book class 11, 2025-26?
Q 25. From the following balances, prepare Trading and Profit & Loss Account for the year ending 31st March, 2025 and the Balance Sheet as on that date:
| ₹ | ₹ | ||
| Debit Balances: Machinery Building Debtors Drawings Purchases Wages Bad Debts Bank Opening Stock | 4,00,000 1,50,000 2,70,000 90,000 9,50,000 5,00,000 10,000 1,50,000 2,00,000 | Debit Balances (Contd.): Rent Sundry Expenses Carriage Credit Balances: Capital Creditors Sales Commission | 45,000 20,000 15,000 12,00,000 1,40,000 14,50,000 10,000 |
Closing Stock was of ₹ 70,000 but its not realisable value (market value) is ₹ 60,000.
[Gross Loss – ₹ 1,55,000; Net Loss – ₹ 2,20,000; Balance Sheet Total – ₹ 10,30,000.]
Solution:-
Q. 26. The following is the Trial Balance of Atul as at 31st March, 2025:
| Head of Accounts | L.F. | Dr. Balance ₹ | Cr. Balance ₹ |
| Capital Drawings Debtors Creditors Adjusted Purchases Sales Sales Return Bank Loan Interest on Loan Cash in Hand Miscellaneous Income Wages Furniture Carriage Outwards Carriage Inwards Salaries Rent Bad Debts Discount Allowed Discount Received Insurance Commission Closing Stock | – 10,000 34,000 – 75,700 – 1,500 – 300 3,000 7,500 – 6,000 33,900 4,500 5,000 12,000 18,000 600 5,000 – 2,000 – 15,000 | 50,000 – – 24,000 – 1,31,000 – 10,000 – – – 1,000 – – – – – – – – 2,600 – 15,400 – | |
| Total | 2,34,000 | 2,34,000 |
Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2023 and Balance Sheet as on that date:
[Gross Profit – ₹ 42,800; Net Profit – ₹ 19,400; Balance Sheet Total – ₹ 93,400.]
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 |
